Wednesday, 22 January 2025

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Alexander Hübner

FILE PHOTO: Brenna Peake, 25-year old volunteer from Asheville, reacts to what she said was exhaustion as she helps clean up businesses and other properties in the aftermath of Hurricane Helene, in Marshall, North Carolina, U.S. October 10, 2024. REUTERS/Jonathan Drake/ File Photo

News

Climate change shows ‘claws’ with rising costs for disasters, Munich Re says

Hurricanes, storms, floods and other natural disasters caused an estimated $140 billion in insured losses in 2024.

By Alexander Hübner and Tom Sims9 Jan 2025Reuters

FILE PHOTO: Varta battery cells are displayed in this picture illustration taken September 27, 2017. REUTERS/Fabrizio Bensch/Illustration/File Photo

Automotive Business Electric Vehicles (EVs)News Transport

Porsche agrees to provide capital in battery maker’s restructuring deal

Varta restructuring agreement sees the German manufacturer of EV batteries turn to sports car maker Porsche for debt relief.

By Alexander Hübner and Emma-Victoria Farr17 Aug 2024Reuters

FILE PHOTO: A view shows model Mission X of Porsche, a German automobile manufacturer, displayed during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. REUTERS/Leonhard Simon/File Photo

Automotive Business Electric Vehicles (EVs)Finance News Transport

Varta’s Porsche-led rescue would leave investors empty-handed

Varta stock plunged as much as 80% on Monday after the German battery maker said restructuring options would leave shareholders with nothing

By Alexander Hübner and Ludwig Burger21 Jul 2024Reuters