European Union Countries

Jan. 16, 2024 12:01 am ETOne of the world’s most valuable battery startups is raising $3.4 billion in debt from the European Union and a group of banks including JPMorgan Chase, accelerating a race to build more batteries outside China and take advantage of a tidal wave of clean-energy subsidies.Europe’s Northvolt plans to use the funding to grow battery production at a factory in northern Sweden for customers such as Volkswagen and BMW. It also plans to expand a recycling facility next door that will convert scrap metal…

Updated Jan. 12, 2024 7:11 am ETBERLIN—Tesla plans to halt production at its biggest factory in Europe for two weeks as the conflict in the Red Sea continues to disrupt transport ships, raising the specter of a new supply-chain crisis for European manufacturers dependent on parts from China and other Asian countries.Tesla said in a statement Friday that it would stop nearly all production at its factory near Berlin from Jan. 29 to Feb. 12 because of a lack of components.Copyright ©2024Dow Jones & Company, Inc. All…

Jan. 11, 2024 11:00 pm ETListen to article(2 minutes)MILAN—When Gucci’s flagship store here reopened last month, the space was missing the baroque flourishes and jewel-toned colors that have defined the brand in recent years. Instead the look is decidedly less maximalist—all clean lines and understated tones.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Jan. 11, 2024 11:00 pm ETListen to article(2 minutes)MILAN—When Gucci’s flagship store here reopened last month,…

Updated Jan. 11, 2024 6:14 am ETAmazon.com missed a Wednesday deadline to offer remedies to the European Union over its $1.7 billion acquisition of Roomba maker iRobot, after the bloc had raised concerns that the deal could stifle competition in the robot vacuum cleaner market.The European Commission, the EU’s executive arm, made its concerns known in November after conducting an in-depth investigation into the deal that was outlined in August 2022. The bloc sent Amazon a so-called statement of objections—a formal step to…

Since acquiring Business Insider nine years ago, Axel Springer has largely steered clear of intervening in the news outlet’s editorial operations, even when high-profile people objected to unflattering articles about them.That hasn’t been the case in recent days. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Since acquiring Business Insider nine years ago, Axel Springer has largely steered clear of intervening in the news outlet’s editorial operations, even when…

X Corp. announced three new shows, including with former CNN host Don Lemon and former Hawaii congresswoman Tulsi Gabbard, as the platform seeks to draw more eyeballs and move attention away from controversies over owner Elon Musk’s own posts.X also said Tuesday that it will host a show with sports commentator Jim Rome that will stream five days a week.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 X Corp. announced three new shows, including with former CNN host Don…

The European Union is looking into whether the bloc could launch a review of Microsoft’sinvestment in ChatGPT maker OpenAI under its merger regulations, a month after the U.K.’s Competition and Markets Authority launched a probe into whether their partnership could have an impact on competition.The European Commission, the EU’s executive arm, made the disclosure on Tuesday as it sought input from interested parties on the level of competition in virtual worlds and generative artificial intelligence, and feedback on what…

A breakup over grocery prices got messier Monday when PepsiCo said that it, not supermarket chain Carrefour, initiated the split. PepsiCo said that it had decided to stop supplying the chain’s European stores because the two sides hadn’t reached an agreement on a new contract. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 A breakup over grocery prices got messier Monday when PepsiCo said that it, not supermarket chain Carrefour, initiated the split. PepsiCo said…

Updated Jan. 4, 2024 6:16 pm ETOne of the world’s biggest supermarket chains said it would drop several PepsiCo products to protest what it called unacceptable price increases, a rare public standoff between a grocer and food maker after more than two years of rising prices.Carrefour, which operates thousands of stores across more than 30 countries, said it would stop selling Pepsi, Doritos and other products in France, Italy, Spain and Belgium. A spokesman for the French company said Thursday that it had decided to add…

Updated Dec. 31, 2023 12:20 am ETPARIS—There was no instruction manual when IKEA’s Paris team set to work building a new kind of city-center store.The Swedish furniture company’s ambition was to create a smaller version of its giant blue-and-yellow suburban stores for downtown consumers, to be replicated around the world. A quarter of the size of IKEA’s traditional outlets, the central Paris store—the first of this new type when it opened in 2019—would need to be radically different, they decided.Copyright ©2024Dow Jones…