Volkswagen's annual shareholder meeting was briefly disrupted Wednesday by protests over the company's factory in China's Xinjiang province, with a shouting, topless activist interrupting the speech by CEO Oliver Blume before she was hustled away by security personnel.
Additionally a cake-like object was thrown during a speech by board chairman Hans-Dieter Poetsch, apparently in the direction of board member Wolfgang Porsche, who represents his family's shareholding in the company, the dpa agency reported.
Photos showed a white, gooey substance resembling pastry stuck to the front of the podium behind which Porsche was sitting.
Volkswagen has said that it has found no evidence of human rights violations at its plant in China's western Xinjiang region. The Chinese government has been accused of human rights abuses against the Muslim Uyghur population in the region, including forced labor in detention camps. The U.S. State Department has described China's actions in the region as genocide.
Police also stopped an attempt by climate protesters to glue themselves to the ground on the square outside the meeting.
The shareholder meeting in Berlin resumed after a brief intermission.
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Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
