Business
China Investigates Meituan, Alibaba Units Over Antitrust Concerns in Beijing
China antitrust investigation targets online travel businesses linked to Meituan, Alibaba’s Fliggy, Tongcheng and Tujia. Regulators are examining suspected unfair competition involving China’s online hotel and travel booking market. The…
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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…
Croatia’s Fortenova sells regional ice-cream brand for €615mn
Zagreb (Brussels Morning) The Croatian food and retailing conglomerate Fortenova has sold its frozen foods business unit for 615 million…
Spain to remove Gibraltar from tax haven blacklist based on new pact with UK
Brussels (Brussels Morning) Spain will remove Gibraltar from its tax haven blacklist based on an agreement with the UK on…