US insurer United Health sells Brazil business – high burden
NEW YORK – Unitedhealth Group (UnitedHealth), the largest health insurance company in the United States, is selling its Brazil business to a private investor. The deal will impact net income by around $7 billion, the company said in a filing with the US Securities and Exchange Commission on Friday. According to the information, the sale is expected to be completed in the first half of 2024. The shares rose slightly in premarket US trading.
The VDIK car association is calling for further support for electric cars
BERLIN – The Association of International Motor Vehicle Manufacturers (VDIK) has called on the federal government to further promote electric cars. “With the loss of e-car funding, the general conditions for electric cars will unfortunately deteriorate in the coming year,” said association president Reinhard Zirpel of the German Press Agency on Friday. He therefore sees the danger that electric cars will lose ground in competition with combustion engines. “2024 will be a year of uncertainty for electromobility in Germany.”
R+V boss: Climate change could make insurance unaffordable
WIESBADEN – According to the insurance industry, climate change could make building insurance unaffordable in some cases. “We are gradually moving towards the uninsurability of risks,” warned R+V CEO Norbert Rollinger, who is also President of the General Association of the German Insurance Industry (GDV), in an interview with the VRM media group (Saturday).
Ex-VW boss Winterkorn as a witness in the test case surrounding the diesel scandal
BRAUNSCHWEIG – Former Volkswagen (Volkswagen (VW) vz) CEO Martin Winterkorn will be heard in mid-February as a witness in the test case brought by investors in the diesel scandal against VW (Volkswagen (VW) vz) and the umbrella holding company Porsche SE (Porsche Automobil vz). Winterkorn has been invited to appear on February 14th and 15th (10:00 a.m.), as the Braunschweig Higher Regional Court announced on Friday.
ROUNDUP: Gas storage 90.8 percent full – Netzagentur: ‘Well equipped’
BONN/BERLIN – Germany is entering the new year with abundant natural gas storage facilities. The overall level was 90.8 percent on Thursday morning, according to data from the European gas storage association GIE on Friday. Exactly a year earlier it was 88.8 percent. To put it into perspective: If the storage tanks are full, the amount of gas stored corresponds approximately to the consumption of two to three average cold winter months. A level of 100 percent was recorded on the morning of November 5th.
Hapag-Lloyd continues to avoid the Suez Canal
HAMBURG – The Suez Canal, an important artery for world trade, remains off-limits to ships belonging to the Hamburg shipping company Hapag-Lloyd following attacks by Yemeni Houthi rebels in the Red Sea. The crisis team decided on Friday to continue redirecting freighters traveling from Asia to Europe via the Cape of Good Hope at the southern tip of Africa, a Hapag-Lloyd spokesman told the German Press Agency. “We will make the next assessment with further decisions on January 2nd.”
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Additional Reports
-Two German companies among the 100 most expensive in the world
-5G networks in Germany reach almost the entire population
-TenneT submits documents for final SuedLink section
-ROUNDUP: Further bankruptcy filing at Signa°
Customer note:
ROUNDUP: You read a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.
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