Business
Hospitality doesn’t have a VAT problem. It has a profitability problem
Every few years, the hospitality industry returns to the same debate: reduce VAT, cut tax and save restaurants. A lower rate of VAT would undoubtedly help many businesses, but after operating…
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French prosecutors probe fashion retailers over worker abuse in Xinjiang
Brussels (Brussels Morning) French authorities are probing four fashion retailers suspected of attempting to conceal crimes against humanity in China’s…
JPMorgan picks Paris for its major post-Brexit trade hub
Brussels (Brussels Morning) Multinational banking giant JPMorgan opened its new trading hub in Paris on Tuesday, in a post-Brexit move…
VW to phase out production of internal combustion engine cars
Brussels (Brussels Morning) Germany’s Volkswagen (VW) automotive group has announced plans to phase out production of internal combustion engine automobiles…
GlobalFoundries to invest $6bn in Singapore, US and German plants
Brussels (Brussels Morning) The US-based, UAE-owned chipmaker GlobalFoundries has announced plans to invest as much as 6 billion dollars to…
Italy slaps Google with €102mn anti-trust fine
Brussels (Brussels Morning) Italy’s competition watchdog announced on Thursday it had imposed a fine of 102 million euro on Goggle…
Stellantis reports 190,000 fewer cars built due to chip shortage
Brussels (Brussels Morning) The European automotive giant Stellantis produced 190,000 fewer vehicles than planned during the first three months of…
Airbus launches next-generation observation satellite
Brussels (Brussels Morning) Airbus launched the first of a planned four-satellite constellation envisioned to make Europe a leader in Earth…
Daimler, Volvo to make hydrogen fuel cells in EU
Brussels (Brussels Morning) The German Daimler and Swedish Volvo automotive companies have announced plans to start making hydrogen fuel cells…