A Porsche-backed startup is building a massive battery recycling plant to boost Europe’s EV industry
Cylib, a startup backed by luxury sports car firm Porsche and appliances maker Bosch, is building a massive battery recycling facility in Germany.
Eli Lilly appoints insider Lucas Montarce as new finance chief
U.S. drugmaker Eli Lilly on Monday said it has appointed insider Lucas Montarce as its new chief financial officer, effective immediately.
Jumbo 50 basis points Fed rate cut should not raise alarm, analyst says
The U.S. Federal Reserve can afford to make a jumbo 50 basis points rate cut next week without spooking markets, an analyst suggested Monday.
The EU is a ‘monster,’ Dutch nationalist leader says, and it mustn’t have more power
Dutch populist leader Geert Wilders insisted to CNBC that Europe needs less integration, not more.
Skype founder’s VC firm raises $1.24 billion to back European tech startups
Atomico, which was founded by Skype co-founder Niklas Zennström, raised two new funds worth $1.24 billion to back European technology firms.
Waffle House CEO Walt Ehmer has died at age 58
Walt Ehmer, the president and CEO of Waffle House, has died at age 58, the foundation announced Sunday.
Draghi urges radical European Union reform requiring extra 800 billion euros a year
The report lays out major challenges that the EU must address through a new industrial strategy, which would include reducing enegy prices.
European markets start the week on a positive note
European stocks were higher on Monday, shrugging off more negative sentiment on Wall Street and in Asia-Pacific markets.
CNBC Daily Open: Markets don’t always reflect the state of the economy
Last week’s market moves seem driven by sentiment. While that can tell us something our brain doesn’t know, it can also mislead.
China’s property market has ‘not found a bottom’ yet, Standard Chartered CEO Bill Winters says
Winters described the investing environment in China as “difficult,” explaining consumer confidence and international investor confidence was relatively low.
