‘Porsche’s luxury credentials are now hanging by a thread’

‘Porsche’s luxury image is looking threadbare’

Is Porsche “still a luxury brand?" asks Chris Bryant. It is “now very much up for debate.” Their profit downgrade “undermines the German automaker’s claim to have a luxury business model, with negative implications for the way the stock is valued.” In a “world of intensifying Chinese competition and higher trade barriers, there may be fundamental limits to Porsche’s earnings power.” Porsche “may also be unwilling to countenance the deeper cuts needed to make the brand more exclusive.”

‘Banks like mine can foster preservation in the Amazon’

The U.N. Climate Summit “will shine a light on our common responsibility to preserve this critical biome” and “will also highlight the challenge of aligning economic development and social inclusion with