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Porsche, Disney, stock exchange, blockchain

2023-01-12T15:56:45.458Z


Every evening we summarize the most important economic news of the day. Today with a spectacular deal in the car world, a defensive battle with the US entertainment giant and an upward trend in the Dax.


Container ships are the most important and most efficient means of transport for global freight transport, but they are also gigantic polluters.

Shipping alone is currently responsible for almost 3 percent of global CO₂ emissions.

If international shipping were a country, there would only be five countries that emit more CO₂.

For years, the industry has been discussing the question of how to become more environmentally conscious - so far without any results.

Climate protectors were therefore shocked last week by the report that the popular crusaders

"Aida Nova"

and "

Aida Cosma"

are now returning to ship diesel.

The little sisters of the container giants had already converted to the more environmentally friendly liquid gas LNG, which is currently too expensive for the owner.

From a purely technical point of view, "green shipping" would have been possible for a long time, my colleague Marleen Gründerel found out when diving into the scene.

Politics must set the course.

For example, via a global CO₂ tax that realistically reflects the costs of fossil versus synthetic fuels.

You can read on our website today why time is pressing and what role German shipping companies such as

Hapag-Lloyd

in particular play in the fight for the climate neutrality of the ocean liners.

The business news of the day:

  • Porsche wants Google:

    The Stuttgart sports car manufacturer is working on a spectacular turnaround in its cooperation with Google.

    manager magazin learned this exclusively from corporate circles.

    CEO

    Oliver Blume

    would like to have Google's apps in the Porsche cockpits in the future - above all the orientation software Google Maps.

    So far, the company had only allowed access to iPhones in its models.

    The about-face, which has not yet been officially confirmed by the company, is based on the failure of the group's own software projects (

    Cariad

    ) and could be extended to Volkswagen.

  • Walt Disney brings in Mark Parker

    : Entertainment giant Walt Disney has appointed longtime Nike executive

    Mark Parker

    as the new chairman of its board of directors.

    Disney announced this on Wednesday after the US stock market closed.

    The personnel can be read as part of a defensive struggle against activist investors.

    They demand tough cuts and criticize top management.

    Disney had already brought back former CEO

    Bob Iger

    in November , but this is considered an interim solution.

    The group is suffering from high losses in the streaming business, and the share has recently lost a lot of value.

  • Dax is catching up

    : The leading German index Dax is still on the upswing.

    The stock market barometer climbed above the 15,000 point mark by the early afternoon, reaching its highest level in 11 months, shortly before the outbreak of the Ukraine war.

    The biggest gainers were the shares of

    Continental

    and

    Zalando

    , each with a plus of 4 percent .

    The easing fear of inflation and falling gas prices are contributing to the positive mood on the stock market.

    Inflation in the US has also fallen for the sixth straight month, according to data released today.

What else kept us busy:

  • Drama in Lippstadt

    : It should be a coup in the car world and a shining example of Franco-German friendship, the takeover of the Westphalian lighting and software expert

    Hella

    announced almost a year ago by the seating and interior

    specialist Faurecia

    from France.

    But the merger of the two units under the name

    Forvia

    reveals deep rifts.

    A number of capable managers from Lippstadt have now fled.

    Faurecia CEO

    Patrick Koller

    is duped.

    Koller is also under pressure when it comes to refinancing the takeover.

    The rating agency

    Fitch

    changed its outlook for Faurecia from "stable" to "negative" in the summer.

    Can Koller still turn the tide?

    My colleague Christoph Seyerlein knows the details. 

My recommendation for the evening:

  • Deep Dive Blockchain

    : The novel database system of the blockchain has been traded as a great promise for years.

    It is about nothing less than a new basic technology that is intended to make the digital world more transparent, more reliable and tamper-proof.

    And yet: the blockchain does not seem to be making any real progress.

    In Part 9 of the Harvard Business Managers

    Winter School

    , you will learn today why this is so – and, above all, what immense technical achievements still have to be made before things can fly.

    Our authors have no doubt that this time will come.

    Their conclusion: It is not too early for a company to prepare for the blockchain world today.

Kind regards and have a relaxing evening, your Eva Buchhorn

Do you have any requests, suggestions or information that we should take care of journalistically?

We look forward to your mail at chefredaktion@manager-magazin.de.

Source: spiegel

All news articles on 2023-01-12

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