Companies

Navantia Rescues Harland & Wolff, Safeguarding 1,000 Jobs
December 19, 2024
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Navantia Rescues Harland & Wolff, Safeguarding 1,000 Jobs

Spanish state-owned shipbuilder Navantia has acquired Belfast-based Harland & Wolff, the iconic Titanic builder, in a deal that secures the future of its four UK shipyards and saves about 1,000 jobs. The purchase comes after months of uncertainty following Harland & Wolff’s entry into administration in September, with Navantia also securing improved terms for a major £1.6bn Royal Navy contract.

Esso to Begin Lithium Exploration in Lower Saxony
December 19, 2024
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Esso to Begin Lithium Exploration in Lower Saxony

Esso has secured permits to explore for lithium across four regions in Lower Saxony, covering an area seven times the size of Hanover. The exploration is part of a broader effort to mine the essential raw material for electric car batteries, with potential extraction projects expected to follow stringent environmental approvals.

Boeing Wins $36bn Pegasus Airlines Order, Edges Out Airbus
December 19, 2024
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Boeing Wins $36bn Pegasus Airlines Order, Edges Out Airbus

Boeing has won a landmark $36 billion order from Pegasus Airlines for 100 737 Max 10 aircraft, with options for an additional 100. The deal marks a strategic shift for Pegasus, which previously leaned towards an all-Airbus fleet, and represents Boeing's largest commitment of the year.

Amazon to Settle £140mn Dispute with UK Delivery Drivers
December 18, 2024
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Amazon to Settle £140mn Dispute with UK Delivery Drivers

Amazon is set to settle claims brought by delivery drivers in the UK, potentially costing the company up to £140 million. The claims argued that drivers working through Amazon's Delivery Service Partners (DSPs) were treated as employees in practice but denied basic employment rights like holiday pay and minimum wage.

Stellantis Commits Nearly €2bn Investment in Italian Production for 2025
December 18, 2024
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Stellantis Commits Nearly €2bn Investment in Italian Production for 2025

Stellantis, the world’s fourth-largest carmaker, has announced plans to invest nearly €2 billion in Italian production in 2025, along with an additional €6 billion in its supply chain. The announcement follows leadership changes and aims to address concerns about Italy’s role in the automaker’s operations post-merger.

Honda and Nissan Begin Talks on Potential Mega-Merger
December 17, 2024
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Honda and Nissan Begin Talks on Potential Mega-Merger

Japanese automotive giants Honda and Nissan are set to begin merger negotiations in response to intensifying global competition from electric vehicle (EV) manufacturers, particularly Chinese firms like BYD and Li Auto. The potential merger could reshape the automotive landscape and form one of the largest alliances in the industry.

Portugal’s Top Court Orders TAP to Pay €300mn in Retroactive Wages
December 17, 2024
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Portugal’s Top Court Orders TAP to Pay €300mn in Retroactive Wages

Portugal's Supreme Court has ruled that TAP Air Portugal must retroactively compensate 1,200 cabin crew who were rehired under short-term contracts but performed identical work to permanent staff. The decision, which could cost the airline up to €300 million, sets a legal precedent and could impact hundreds more cases.

Novo Nordisk Invests $1.2bn in New Factory in Denmark
December 16, 2024
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Novo Nordisk Invests $1.2bn in New Factory in Denmark

Danish pharmaceutical leader Novo Nordisk is investing 8.5 billion kroner ($1.2 billion) in a state-of-the-art factory in Odense, Denmark. The facility, scheduled for completion in 2027, will focus on producing treatments for rare diseases and create 400 jobs.

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