German Chancellor Olaf Scholz on Tuesday sharply criticized Elon Musk's backing of the right-wing parties in the European Union, calling it "really disgusting" and said it was hindering democracy in the bloc.

CNN senior international correspondent Frederik Pleitgen spoke exclusively to German Chancellor Olaf Scholz who took an opportunity on the campaign trail to criticize Elon Musk, telling CNN that the US billionaire “is intervening in favor of right-wing politicians all over Europe.

Coca-Cola has recalled some of its soft drinks in Europe after higher-than-normal levels of a chemical called chlorate were detected in bottles and cans at a Belgian production plant.

Elevated amounts of the chemical were found in some soft drinks sold in Belgium, Luxembourg and the Netherlands.

Coca-Cola issues recall of drinks in Europe over safety concernsVarious/Lumen 5

HSBC Holdings Plc will wind down some of its investment banking operations in Europe, the UK and the Americas in the latest sign that Chief Executive Officer Georges Elhedery is willing to be ruthless in his ongoing restructuring of the bank.

HSBC will shut key parts of its investment banking business in the UK, Europe and the Americas as part of chief executive Georges Elhedery’s plan to overhaul its operations.

HSBC is preparing to wind down its M&A and equity capital markets businesses in Europe, the UK and the Americas as part of a major shake-up of its investment banking operations, a memo the bank sent staff showed on Tuesday.