European Union Countries

Updated Dec. 31, 2023 7:45 pm ETBERLIN—Almost a decade ago, Volkswagenset out on an expensive quest to dominate the new world of software-defined cars and build the electric “people’s car.” It is still trying. The German automaker has invested billions of euros, retooled entire plants and created new software and battery companies to assist in making the transition. However, VW has yet to produce an EV that has matched the success of its historic gas-powered models such as the Beetle and the Golf in its core markets. …

Updated Jan. 2, 2024 4:10 am ETThe Netherlands has blocked chip-equipment manufacturer ASML’s exports to China of some lithography systems, which are essential to making advanced microprocessors, in a partial license revocation following U.S. export restrictions.The Netherlands-based company said Monday that the Dutch government recently partially revoked an export license for shipping the NXT:2050i and NXT:2100i lithography systems to China in 2023.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…

ROME—Elon Musk and Italian Prime Minister Giorgia Meloni have formed one of 2023’s more unlikely trans-Atlantic alliances.Behind their budding friendship lie common interests in political issues such as immigration and demographics, as well as in tech-sector regulation and the risks associated with artificial intelligence.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 ROME—Elon Musk and Italian Prime Minister Giorgia Melonihave formed one of 2023’s more unlikely…

A federal appeals court said the U.S. government was right to challenge Illumina’s purchase of cancer-test developer Grail, but still sent the case back to the Federal Trade Commission for reconsideration.A three-judge panel found the deal to be anticompetitive, but said the FTC erred in how it considered Illumina’s proposed fix for its drawbacks. The judges ordered the FTC to reconsider its opinion on the troubled deal, which the European Commission has already ordered Illumina to unwind.Copyright ©2023Dow Jones &…

PARIS—A McDonald’s on a buzzy boulevard here offers a glimpse of what the future of serving fast food could look like. The burger giant doesn’t like what it sees.For those dining in, french fries are served in durable red containers, soda is dispensed into clear washable glasses and chicken nuggets come in hard plastic white bowls. When customers are finished eating, they are asked to drop the containers into a bin to be washed, dried and reused.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved.…

Telefonica proposed a workforce restructuring plan that will affect 5,124 jobs in Spain as part of its reorganization.The Spanish telecommunications company on Monday told unions that it aims to implement a labor force adjustment plan by 2026, due to organizational, technical and production needs, a spokesperson from trade union UGT told Dow Jones Newswires.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Telefonicaproposed a workforce restructuring plan that will…

Novo Nordisk, the Danish pharmaceutical giant that makes the blockbuster Wegovy obesity drug, said it will invest more than $6 billion to boost production capacity.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Novo Nordisk, the Danish pharmaceutical giant that makes the blockbuster Wegovy obesity drug, said it will invest more than $6 billion to boost production capacity.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved.…