Russia's hybrid war on Europe: Jamming and spoofing in the 'grey zone'
Restructuring plan
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Europe's biggest paintmaker AkzoNobel set to cut 2,000 jobs
The Amsterdam-based firm, known for brands such as Dulux, is on a cost-cutting drive to 'accelerate profitable growth'.
Battery giant Northvolt to lay-off staff amid EV market slowdown
Northvolt has announced that it would be laying off a large part of its workforce and selling or consolidating several sites as the electric vehicle (EV) market slows down.
Why are senior leaders at Germany’s Thyssenkrupp resigning?
A bitter restructuring row has left the firm’s steel division waving goodbye to its CEO, chair and five directors.
German steelmaker ThyssenKrupp holding major restructuring talks
The firm's supervisory board will discuss the independence of its steel division in the face of fierce competition from Asia and climate demands.
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Air Antilles takes off again in relaunch following 2023 liquidation
Air Antilles is being relaunched under a new partnership between the French engineering company EDEIS group and the Collectivité de Saint-Martin.
Deutsche Bank shuts down Numis US operations post takeover
Deutsche Bank has cut Numis' valuation by about €233 million following the takeover in April 2023, which is believed to be one of the biggest reasons for Numis' US branch shutdown.
Benetton set for a fashion rebrand as it looks to edge out losses
Benetton has been facing intense competition from other fast-fashion brands such as Zara in recent years.
Spain first to receive EU pandemic recovery funds as others lag behind
With the Spanish government set to be the first to receive money from NextGeneration EU, the state-of-play for other member states is much different.
Europe's week: Biden in Brussels & Von der Leyen's recovery plan tour
The US President was in the Belgian capital this week for a NATO and EU-US summit.
Brussels Palais de Justice will finally get a facelift
Belgium’s federal government will put €1.5 million aside to renovate the scaffolding, which was put up in 1984. The work is predicted to be completed by 2030.
Deutsche Bank is planning to create a so-called 'bad bank' in overhaul
Germany's Deutsche Bank is planning to create a so-called 'bad bank' that will undertake poor-performing assets and non-performing or bad loans
Honda announces plans to close its Swindon manufacturing plant by 2021
Honda struck the latest blow to the UK's car industry, announcing plans to close its Swindon manufacturing plant by 2021, with the loss of 3,500 jobs
Michigan stadium withstands demolition blast
At least 10 percent of the explosives didn't work, according to representatives of the demolition company tasked with the implosion
Monte dei Paschi to cut 5,500 jobs in EU-approved restructuring plan
World's oldest bank receives EU approval for restructuring plan, which includes thousands of job cuts.
Alitalia workers reject rescue plan
Two thirds of Alitalia's workers have voted to reject a management restructuring plan. The loss-making airline is set to run out of cash in weeks.