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Beyond the market hype: Tesla tries to expand its lead in batteries – Financial Times

Boosted by the powerful rally in its shares this year, Elon Musk’s company has seen its rivals’ electric vehicles sputter

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Minutes after stepping off his private jet in Braunschweig, northern Germany, at the start of this month, Elon Musk climbed behind the wheel of a brand new make-or-break electric car: a Volkswagen ID.3.
The often abrasive Tesla chief managed to summon up some polite, if muted, approval for the vehicle as he drove it up and down the airstrip in the drizzling rain. “For a non-sporty car, it’s pretty good,” Mr Musk ventured to VW chief executive Herbert Diess, who sat in the passenger seat.
If th…

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Covid-hit UK hotels unlikely to recover for four years, says PwC – The Guardian

Even with effective vaccine, hospitality sector will struggle to return to 2019 levels

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The UK hotel industry could take four years to return to 2019 levels of business, even if an effective vaccine helps the sector to recover from the deep financial hit caused by Covid 19.
The daily revenue per hotel room a key indicator for the sector is not expected to revive to 2019 levels until 2024 in London, and 2023 across the rest of the UK, according to forecasts published on Tuesday by the accounting firm PricewaterhouseCoopers (PwC).
Renewed lockdowns, the decline in foreign tourist numbers…

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Hospitalisation of Covid patients surges across US – Financial Times

Rural areas at greatest risk as intensive care beds fill up just days before election

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Hospitalisations of Covid-19 patients are surging across the US, leading to a shortage of medical staff and threatening to force state governors to make difficult decisions about rationing access to intensive care.
New field hospitals were being opened from the Wisconsin state fair grounds to the El Paso Convention Center in Texas, as US Covid-19 cases surged to an all-time high a week before the presidential election. 
About 41,776 Covid-19 patients were in hospital, according to the Covid Tracking…

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AIG to separate its life insurance arm – Financial Times

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Keep abreast of significant corporate, financial and political developments around the world.
Stay informed and spot emerging risks and opportunities with independent global reporting, expert
commentary and analysis you can trust.

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