Companies

Jaguar Unveils Bold Rebrand, Shifting Focus to Electric Vehicles
November 20, 2024
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Jaguar Unveils Bold Rebrand, Shifting Focus to Electric Vehicles

Jaguar is undergoing a historic rebrand, unveiling a new "leaping cat" logo to replace its iconic "growling cat" emblem. The move aligns with the company’s pivot toward modernism and electrification, as it phases out most petrol vehicles and prepares to launch new electric models.

Wero Mobile Payment System Launches in Belgian Banks
November 20, 2024
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Wero Mobile Payment System Launches in Belgian Banks

The European mobile payment system Wero has launched in Belgium, enabling customers of major banks like BNP Paribas Fortis, Belfius, ING, and CBS to use the service via their banking apps. Wero, already operational in Germany and France, aspires to become Europe’s first unified cross-border payment solution within the Single Market.

Ford to Cut 4,000 Jobs in Europe Amid Slowing EV Demand
November 20, 2024
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Ford to Cut 4,000 Jobs in Europe Amid Slowing EV Demand

Ford announced plans to cut 4,000 jobs across Europe, including 800 in the UK, as part of a broader cost-saving strategy driven by falling demand for electric vehicles (EVs). The cuts, set to be completed by 2027, come as carmakers face economic headwinds and stricter environmental regulations while grappling with lower-than-expected EV sales.

Nestlé Targets €2.7bn in Savings and Plans to Spin Off Premium Waters and Beverages
November 19, 2024
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Nestlé Targets €2.7bn in Savings and Plans to Spin Off Premium Waters and Beverages

Nestlé has announced plans to achieve €2.7 billion in cost savings by 2027 and to create a separate entity for its premium waters and beverages, including brands like Vittel, Perrier, San Pellegrino, Nesquik, and Nestea, by January 2025. The strategy, spearheaded by new CEO Laurent Freixe, aims to boost sales, improve profitability, and regain organic growth amid consumer price sensitivity and inflationary pressures.

Minecraft Ventures Into Real-World Entertainment with $110mn Theme Park Deal
November 19, 2024
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Minecraft Ventures Into Real-World Entertainment with $110mn Theme Park Deal

Minecraft is making its debut in real-world entertainment through a $110 million partnership with Merlin Entertainments, the second-largest theme park operator globally. The collaboration will bring Minecraft-themed rides, attractions, hotels, and retail experiences to the UK and US starting in 2026, with plans for global expansion under the "Adventures Made Real" initiative.

Canal+ Eyes Growth in Africa, Asia Ahead of London Stock Market Debut
November 18, 2024
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Canal+ Eyes Growth in Africa, Asia Ahead of London Stock Market Debut

French broadcaster Canal+ has unveiled plans to expand in Africa and Asia, targeting high-growth English-speaking markets as it prepares for a major listing on the London Stock Exchange.

Northvolt, Europe’s Battery Champion, Reportedly Faces Bankruptcy
November 18, 2024
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Northvolt, Europe’s Battery Champion, Reportedly Faces Bankruptcy

Northvolt, the Swedish battery startup heralded as Europe’s key player in the electric vehicle (EV) battery market, is reportedly on the verge of filing for Chapter 11 bankruptcy in the United States. The company has struggled to meet production targets and failed to secure a $300 million rescue plan. With dwindling options and no state aid forthcoming, Northvolt’s crisis threatens Europe’s ambitions to compete with China in the battery sector.

Chinese Tech Giant to Launch Its Largest European Factory in Hungary in 2025
November 18, 2024
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Chinese Tech Giant to Launch Its Largest European Factory in Hungary in 2025

Chinese technology company J-Star Motion is set to open its biggest European factory in Kaposvár, Hungary, early next year. The €60 million facility will produce linear actuators, exporting them globally. Initially employing 90 workers, the factory plans to expand its workforce to 200, with projected annual sales of €80 million.

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