From Breakingviews: Boris Johnson follows Angela Merkel’s lead on car subsidies, and Suntory’s boss backs an app to help Japan’s struggling bars and restaurants. Catch up with the latest financial insights here:
New cars drive during a ceremony marking start of the production of a new electric Volkswagen model ID.3 in Zwickau, Germany, November 4, 2019.ELECTRIC FEEL. Boris Johnson may be following Angela Merkel’s lead. The UK prime minister is considering mimicking Germany’s plan to subsidise electric cars. According to the Telegraph, drivers will be given up to 6,000 pounds if they trade in their gas guzzlers for a battery-powered vehicle.
FASHION FRENZY. Wobbly brand Salvatore Ferragamo is enjoying a market revival. Shares in the Italian maker of finely crafted leather shoes jumped 8% on Friday amid hopes it could fall prey to luxury giant LVMH. This seems premature. The coronavirus crisis has clearly turned the 2.4 billion euro Italian brand into a target. But the French giant remains preoccupied with its $16.2 billion bid for famed U.S. jeweller Tiffany & Co.
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