Companies

Sanofi Contemplates €1.5bn Investment in Frankfurt Plant
July 2, 2024
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Sanofi Contemplates €1.5bn Investment in Frankfurt Plant

French pharmaceutical giant Sanofi is considering a significant investment of up to €1.5 billion to build a new insulin production facility at its existing site in Frankfurt, Germany, according to a report by Handelsblatt.

European Companies Sign Multibillion-Euro Deals in Egypt as EU Strengthens Ties
July 1, 2024
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European Companies Sign Multibillion-Euro Deals in Egypt as EU Strengthens Ties

European companies have signed deals worth over €40 billion with Egyptian partners, as the EU seeks to bolster Egypt's economy and strengthen relations.

Attica Group to Build 'Green' 240-meter Cruise Ships in €800mn Deal
June 28, 2024
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Attica Group to Build 'Green' 240-meter Cruise Ships in €800mn Deal

Attica Group, in partnership with Stena and CMJL Weihai Shipyards, has announced a deal worth over €800 million to build up to four eco-friendly, large-scale passenger ferries, marking the largest shipbuilding project in Greek coastal shipping history.

Chip Manufacturer Nexperia Invests €184mn in Hamburg Site
June 28, 2024
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Chip Manufacturer Nexperia Invests €184mn in Hamburg Site

Nexperia, a Dutch-headquartered chip manufacturer owned by a Chinese company, is investing €184mn in its Hamburg factory to advance the development and production of energy-efficient wide bandgap semiconductors, despite previous political tensions and a canceled EU grant.

Affordable Weight-Loss Drugs on the Horizon as Generic Versions Emerge
June 27, 2024
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Affordable Weight-Loss Drugs on the Horizon as Generic Versions Emerge

The availability of generic versions of popular weight-loss drugs like Victoza and Saxenda is expected to increase accessibility and affordability of these treatments, potentially leading to a surge in their use worldwide.

UK's Answer to Disneyland Paris? Universal Plans £50bn Theme Park
June 26, 2024
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UK's Answer to Disneyland Paris? Universal Plans £50bn Theme Park

Universal Studios is planning a new theme park in Bedfordshire, England, that is expected to rival Disneyland Paris, boost the UK economy by nearly £50 billion, and create almost 20,000 jobs.

Volkswagen Invests €5bn into Rivian to Challenge Tesla
June 26, 2024
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Volkswagen Invests €5bn into Rivian to Challenge Tesla

Volkswagen is set to invest up to $5 billion in Rivian, an American EV start-up, to improve its software capabilities. The partnership, structured as a 50/50 joint venture, will provide VW with access to Rivian's EV software.

Lufthansa Raises Ticket Prices to Cover EU Environmental Regulations
June 25, 2024
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Lufthansa Raises Ticket Prices to Cover EU Environmental Regulations

Lufthansa, will increase ticket prices by up to €72 for all flights departing from the EU, UK, Norway, and Switzerland to offset the costs associated with new environmental regulations, primarily the increased use of sustainable aviation fuels (SAF).

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