Companies

Audi Brussels Faces Closure Threat as EV Sales Plummet
July 10, 2024
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Audi Brussels Faces Closure Threat as EV Sales Plummet

Volkswagen is contemplating closing its Audi factory in Brussels following a substantial drop in demand for luxury EVs, resulting in financial setbacks and potentially impacting the plant's 3,000 employees.

Wendy's, America's Fastest-Growing Fast Food Chain, Expands to Ireland and Romania
July 10, 2024
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Wendy's, America's Fastest-Growing Fast Food Chain, Expands to Ireland and Romania

Wendy's, the American fast-food giant, is accelerating its European expansion with new franchise agreements in the Republic of Ireland and Romania, aiming to open hundreds of restaurants across the continent by 2035.

BYD to Build €900mn Electric Vehicle Plant in Turkey
July 9, 2024
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BYD to Build €900mn Electric Vehicle Plant in Turkey

Chinese electric vehicle manufacturer BYD is expanding its global footprint with a new €924 million manufacturing plant in Turkey, aiming to produce up to 150,000 vehicles annually while creating 5,000 jobs.

Dyson to Cut 1,000 UK Jobs as Part of Global Restructuring
July 9, 2024
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Dyson to Cut 1,000 UK Jobs as Part of Global Restructuring

Dyson, the British tech company known for its innovative products, will cut 1,000 jobs in the UK as part of a global restructuring to enhance competitiveness in the face of increasingly fierce markets

Shein to Invest €250mn in UK and Europe to Counter Criticism and Adapt to New Regulations
July 9, 2024
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Shein to Invest €250mn in UK and Europe to Counter Criticism and Adapt to New Regulations

Shein, the fast-fashion retailer, is investing €250 million in the UK and Europe to diversify its supply chain, support local businesses, and promote sustainability ahead of a potential London IPO.

Delivery Hero Faces Hefty EU Antitrust Fine, Shares Plummet
July 8, 2024
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Delivery Hero Faces Hefty EU Antitrust Fine, Shares Plummet

Delivery Hero's stock plunges as the company faces a major EU antitrust probe with a potential fine exceeding €400 million.

Philips Faces EU Class-Action Lawsuit Over Toxic Foam in Respirators
July 7, 2024
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Philips Faces EU Class-Action Lawsuit Over Toxic Foam in Respirators

Philips faces a class-action lawsuit in Europe over potential health risks from deteriorating foam in their sleep therapy devices and ventilators, with the plaintiffs seeking compensation for over 1.2 million users

Denmark's Biggest Money Laundering Case: Nordea Accused of €3.5bn Scheme
July 7, 2024
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Denmark's Biggest Money Laundering Case: Nordea Accused of €3.5bn Scheme

Nordea Bank faces charges in Denmark for alleged money laundering of €3.5 billion for Russian clients between 2012-2015, with the bank denying the allegations and anticipating a fine.

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