Daimler sells off Tesla stake
Is a rivalry brewing in the electric car market? That's what some analysts are speculating in the wake of Daimler's sale of its stake in US electric car company Tesla. The sale will generate over €600 million in cash for Daimler. The German company insists its partnership with Tesla has been successful and says the two companies will continue to cooperate in the future. Daimler uses Tesla's battery technology in its electric Mercedes Benz B class and Smart cars.
Boeing sales soared
Global demand for passenger aircraft is high. And that's brought US aircraft maker Boeing a bumper third quarter. Boeing delivered 186 airliners in Q3 and profit jumped by 18 percent on a 7 percent boost in revenue. Boeing raised its forecast for the year as a whole. Airlines are lining up to buy fuel-efficient jets. China was an especially good customer.
Russia is suspending animal fat and meat byproducts from the European Union. It's part of a sweeping import ban on Western food that began back in August. Russia and the west are in a trade war over Russia's role in the Ukraine conflict. President Vladimir Putin insists that sanctions will help Russian industries and boost the economy. But not all citizens are welcoming the change. Some have been heading over the border to stock up on their favorite western products.