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"No citizen, not even the president, is categorically above the common duty to produce evidence when called upon in a criminal proceeding. We reaffirm that principle today."
That was Chief Justice of the U.S. Supreme Court John Roberts , writing the justification for the landmark ruling that President Donald Trump is not above the law and must produce his tax returns when asked by investigators.
You can read more on our
U.S. site
or read the full court ruling here
. As a U.S. politics geek at heart, that's my evening reading sorted…
In Europe, the EU's top court has ruled that cases against VW related to " Dieselgate " can be brought outside Germany. That opens the car maker to even more legal problems, after significant losses in its home market.
In our interview today we heard from Stefano Domenicali, CEO of Lamborghini , on why the firm has launched a new supercar in the middle of a global pandemic.
And for more car-related content, scroll down to the end of today's email, where you can find my graphic using (anonymous) data from Apple to chart the return to driving across four European capitals.
Happy reading,
Patrick Atack
Digital business correspondent
**P.S. Did you know we send this briefing by email, too? **
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German exports rebounded less than expected in May as demand remained subdued despite the lifting of lockdown measures introduced to contain the spread of the coronavirus, data published on Thursday showed. Exports only grew by 9 percent after diving by 24 percent in April, remaining almost 27 percent lower than their pre-crisis level in February,
the Federal Statistics office said.
Greece's economy is predicted to shrink 10 percent, according to Athens think tank the Foundation of Economic and Industrial Research. It said the impact of COVID-19 on the nation's tourist sector would likely have a significant impact on Greek finances .
The EU's top court says customers who brought VW cars fitted with emissions cheat devices should be allowed to sue the car maker in national courts. Previously, any legal action had to be taken in Germany. The ruling could lead to the company facing numerous legal claims across the bloc.
China's renminbi currency is at its highest mark since March , as investors and traders showed confidence in China. It has now passed the $7 point for the first time in four months.
Malaysian airline AirAsia is looking to raise $468 million according to CEO Tony Fernandes . The announcement comes after an auditor cast doubt on the ability of the carrier to continue, due to the impact of the pandemic on the airline industry.
Europe's top court today ruled that video-hosting website YouTube, an Alphabet subsidiary, is not required to hand over IP and email addresses linked to accounts that illegally upload films . The Court of Justice of the European Union ruled to uphold a balance between copyright and protecting personal data.
Zhejiang Petroleum Chemical Co has been awarded the first Chinese private export licence for refined oil products , according to Reuters news agency.
Fast Retailing, the Japanese firm that owns Uniqlo, has lowered its forecast for its operating profit for the year ahead . It predicted $1.21 billion, which is 50 percent lower than 2019's profit and six percent lower than previous expectations.
United Airlines, one of the U.S. and the world's largest airlines, has announced **it will furlough nearly half of its U.S.-based, customer-facing staff. At least 36,000 **employees will be told not to show up to work, as the sector continues to reel from the pandemic.
The Eurogroup – which is made up of the finance ministers of the 19 eurozone countries – is set to announce its new leader. The ** favorite is Spain's finance minister Nadia Calvino** . If voted in, she'll be the group's first female leader, and will take over from Portugal's Mario Centeno.
The operator of China's largest LGBT dating app – BlueCity – has become the latest Chinese firm to tap the international capital markets. The app has 49 million registered users .
UK campsites are enjoying a surge in demand, with
millions of people flocking
to websites to book outdoor holidays this summer. The fear factor over traveling abroad is **driving up demand for camping staycations **and attracting holidaymakers who wouldn't normally be tempted to stay in a tent.
Video: Bullfighting and the role of the valiant matador has a strong tradition in Spain but it has many opponents who say it is cruel and has no place in modern society. Now COVID-19 has come as a big blow for the sport, with claims that the industry has lost $786 million. Bullfighting will resume again in October in Madrid but with fewer seats available.
02:23
In today's interview we spoke to Stefano Domenicali, CEO of Italian supercar company Lamborghini, on what the future holds for the brand which, in his own words, caters to a niche market at the best of times.
**Today you launch a new model, the Sian ** – why now, when people still cannot visit your showrooms?
Of course, the automotive sector was really badly hit. But I have to say that our niche is very small. We have a special customer that, you know, despite this situation, is very, very loyal to the brand.
Are you confident there will always be a place for the luxury car sector?
The space and the place for Lamborghini will be always there.
How has the lockdown affected the company and production?
We were the first company in Italy to close and to shut down. We were shut down for seven weeks. And in the meantime, we were producing masks and visors for the hospital here close to Bologna
But now we are fully operational because the demand is there. And in that [luxury] segment that we do see much positive and quicker reaction all around the world.
Your competitor McLaren said it might take two years to recover, do you agree?
I think that for the automotive sector, globally speaking, it may take even more than two years, because the situation is so evolving, so changeable all around the world, that no one knows exactly what is the answer.
Finally, where do you see the company in 10 years?
Well, 10 years, who knows, because if you look back 10 years, Lamborghini was not in great shape. Now it's in a very good shape, for sure. The wish and the hope, but even more the product, the people, I would say, would put Lamborghini in 10 years' time in a very strong position. On that I have no doubt.
