In a significant development within the packaging industry, the European Union (EU) has granted conditional approval for International Paper Co.‘s proposed $7.16 billion acquisition of DS Smith Plc. This decision comes after International Paper agreed to divest specific assets to…
In recent months, the security of the world’s undersea data cables has become a focal point of geopolitical tensions, with multiple incidents of suspected sabotage raising alarms about the vulnerability of this critical infrastructure. These cables, responsible for transmitting approximately…
In 2024, the European automotive market experienced a notable uptick in new car registrations, reflecting a resurgence in consumer demand and market stabilization post-pandemic. According to the European Automobile Manufacturers’ Association (ACEA), new car registrations—a key indicator of sales—rose by…
Civil society groups and unions are raising concerns over the European Commission’s political direction under Ursula von der Leyen’s second term, warning that its new Competitiveness Compass could undermine green deal goals 🌍 and workers’ rights ⚖️. The Commission aims…
The European Central Bank (ECB) cut its key interest rate by 0.25% to 2.75% on Thursday as inflation approaches 2% and growth remains sluggish 📉. As expected, the ECB lowered rates on the deposit facility, main refinancing operations, and marginal…
SoftBank is reportedly in talks to invest between $15 billion and $25 billion in OpenAI, potentially becoming its largest investor, surpassing Microsoft. This would be in addition to SoftBank’s recent commitment to The Stargate Project, a joint venture aimed at…
Deutsche Bank posted disappointing Q4 2024 earnings, with net profit falling 92% to €106 million due to high litigation costs 💸. The bank faced a €329 million charge from a Polish mortgage scandal, which weighed heavily on profits. Despite an…