Companies

Ikea Launches its Own Second-Hand Platform

August 26, 2024

Ikea Launches its Own Second-Hand Platform

Ikea has launched its own second-hand online platform, "Ikea Preowned," in Madrid and Oslo, aiming to compete with major resale sites and keep the resale of its furniture within its ecosystem.

BMW Overtakes Tesla in European EV Sales for July

August 25, 2024

Min

BMW Overtakes Tesla in European EV Sales for July

BMW has surpassed Tesla in European electric vehicle (EV) sales for the first time, selling more fully electric cars in July 2024. Despite this achievement, Tesla still leads in year-to-date sales across the continent.

Sibanye Secures €500 Million Funding for Finland Lithium Project

August 22, 2024

Min

Sibanye Secures €500 Million Funding for Finland Lithium Project

Sibanye Stillwater has obtained €500 million in debt financing to advance its Keliber lithium mine in Finland, with production targeted for 2026, despite a significant drop in lithium prices.

AstraZeneca Considers Shifting UK Vaccine Production to U.S. Amid State Aid Dispute

August 22, 2024

Min

AstraZeneca Considers Shifting UK Vaccine Production to U.S. Amid State Aid Dispute

AstraZeneca has warned it may move its vaccine production from the UK to the U.S. due to a dispute with the UK government over reduced state aid, threatening a planned investment in Liverpool.

McDonald’s to Create 24,000 Jobs with UK and Ireland Expansion

August 21, 2024

Min

McDonald’s to Create 24,000 Jobs with UK and Ireland Expansion

McDonald’s plans to open over 200 new restaurants across the UK and Ireland, creating around 24,000 jobs as part of a £1 billion investment in response to rising demand for takeaways.

Waitrose Plans £1bn Expansion, 100 New Stores

August 21, 2024

Min

Waitrose Plans £1bn Expansion, 100 New Stores

Waitrose plans a £1 billion investment to expand and upgrade its stores, focusing on unique offerings and opening 100 new convenience shops across the UK.

August 20, 2024

Min

Uber Returns to Denmark in 2024

Uber is set to re-enter the Danish market in 2024, this time in partnership with the local taxi company Drivr, ensuring full compliance with Danish regulations. After exiting Denmark in 2017 due to legal challenges and a hefty fine, Uber's new approach involves using licensed taxi drivers, contrasting with its previous controversial "pooling scheme."

TSMC Breaks Ground on First European Factory in Germany

August 20, 2024

Min

TSMC Breaks Ground on First European Factory in Germany

Taiwan Semiconductor Manufacturing Company (TSMC), the world's leading semiconductor manufacturer, has commenced construction of its first European factory in Dresden, Germany. The plant, a €10 billion project, will focus on producing specialised chips for the automotive sector and is expected to start operations by the end of 2027.