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European Dividend Stocks Yielding Up to 5.6 Percent Amid Market Recovery

European markets are seeing a boost, with the STOXX Europe 600 Index up 0.90% due to easing inflation and supportive ECB policies, prompting investors to seek dividend stocks for stable income. Notable picks include Manitou BF, offering a 5.6% yield, despite a volatile dividend history, and INDUS Holding, a private equity firm with diverse revenue streams.

Bolttech secures 147 million funding to enhance embedded insurance technology

Singapore-based insurtech firm Bolttech has raised $147 million in a Series C funding round, boosting its valuation to $2.1 billion. The funding, led by Dragon Fund and supported by investors like Sumitomo Corporation and Iberis Capital, will enhance Bolttech's R&D in insurance technology and facilitate its expansion into Africa and North America.The embedded insurance market is rapidly growing, projected to reach $950.59 billion by 2030, significantly outpacing traditional models. Bolttech's partnerships with major companies like Apple and Samsung exemplify the shift towards a platform-based ecosystem, transforming insurance distribution and customer experience through advanced data analytics and AI.

Dutch firm MyWheels launches largest vehicle-to-grid initiative with Renault EVs

Dutch car-sharing company MyWheels is set to integrate 500 Renault electric vehicles (EVs) into its fleet, marking Europe's largest vehicle-to-grid (V2G) rollout. This initiative aims to enhance grid stability by allowing EVs to store and return electricity during peak demand, utilizing bidirectional chargers from We Drive Solar. The project, based in Utrecht, is expected to be fully deployed by 2026.

Elon Musk's Government Role Criticized for Damaging Tesla's Brand and Sales

Scott Galloway criticized Elon Musk's actions during the Trump administration, labeling them as "one of the greatest brand destructions" for Tesla. He noted that Musk's alignment with Trump supporters alienated Tesla's core electric vehicle customers, leading to a significant drop in the brand's reputation and sales across Europe. By April, Tesla reported a 71% decline in profits, prompting Musk to announce a reduction in his government role.

Elon Musk's Political Moves Lead to Tesla's Brand and Sales Decline

Scott Galloway criticized Elon Musk's political involvement, claiming it led to "one of the greatest brand destructions" for Tesla, which saw a significant drop in reputation and sales across Europe. Musk's alignment with Republicans alienated EV customers, with Tesla's sales plummeting by up to 81% in some countries. Following a 71% dip in profits, Musk announced he would reduce his role in the controversial DOGE initiative after discussions with Tesla investors.

Musk's Role in Government Cuts Leads to Tesla's Brand Decline

Marketing professor Scott Galloway criticized Elon Musk's involvement with the Trump administration, labeling it "one of the greatest brand destructions" for Tesla. He noted that Musk's alignment with a demographic largely uninterested in electric vehicles has led to a significant decline in Tesla's reputation and sales across Europe. Following a 71% profit drop, Musk announced he would reduce his role in the controversial government efficiency initiative known as Doge.

Belgium Investigates Huawei Lobbying Amid Allegations of European Parliament Corruption

Belgian intelligence has wiretapped a corporate box at Anderlecht's stadium, where Huawei lobbyists allegedly sought to bribe European Parliament members. The investigation, which began in March, has led to requests for lifting the immunity of several MEPs, though none have been charged. Huawei denies any wrongdoing, emphasizing its commitment to legal compliance.

Belgium requests immunity lift for five MEPs in Huawei corruption probe

Belgian authorities have requested the European Parliament to lift the immunity of five MEPs amid an investigation into alleged corruption linked to Huawei. The case, known as "HuaweiGate," involves accusations of influence-buying through gifts and financial incentives, with two MEPs confirming their involvement. The investigation also extends to eight other lawmakers who previously supported Huawei's interests in 5G development.
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