Amazon gets record €746m EU data privacy fine
By Mark McSherry Amazon.com Inc has been hit with a record €746 million European Union fine amid allegations that the company’s processing of personal data did not…
July 2021
Stellantis signs €12bn credit facility with 29 banks
Stellantis, the Netherlands based carmaker formed from the merger of Fiat Chrysler (FCA) and Peugeot maker PSA, announced it has signed a new syndicated revolving credit…
Bank of Ireland to buy €440m Davy stockbrokers
Bank of Ireland said on Thursday it has agreed to buy most of stockbrokers J&E Davy for an enterprise value of €440 million. The deal comes…
LVMH to buy 60% of Virgil Abloh’s Off-White label
French luxury group LVMH said on Tuesday it agreed to buy a 60% stake in Off-White LLC, the trademark owner of designer Virgil Abloh’s Off-White…
Zegna, Italian luxury firm, to list in $3.2bn SPAC deal
Italian luxury house Ermenegildo Zegna Group and Investindustrial Acquisition Corp. (IIAC), a special purpose acquisition corporation (SPAC), announced an agreement that is expected to make…
EU €15bn debt sale attracts €150bn of orders
The European Commission said on Tuesday it sold a further €10 billion of bonds to support Europe’s recovery from the coronavirus crisis in a third…
Google fined €500m by France in news content fight
By Mark McSherry France’s competition regulator the Autorité de la concurrence has fined Google €500 million for failing to negotiate in good faith with French publishers…
Ryanair to hire 2,000 pilots amid new plane deliveries
Ryanair has announced a recruitment drive for 2,000 new pilots to crew aircraft deliveries over the next three years as it recovers and rebuilds from the…
EU fines Volkswagen, BMW €875m for emissions cartel
The European Commission has fined German carmakers Volkswagen and BMW a total of €875 million for colluding to curb the use of emissions cleaning technology…
Siemens wins $3.4bn Amtrak trains order
Siemens Mobility said it has been awarded $3.4 billion of contracts in the United States to design, manufacture and technically support 73 multi-powered trains for…
Croatia’s Rimac to be Bugatti JV major shareholder
Volkswagen’s luxury sportscar unit Porsche AG and Croatian electric supercar maker Rimac Automobili have agreed to set up a joint venture that incorporates Bugatti. The new hypercar…
Volvo, Daimler, Traton in €500m truck-charging JV
Three major European truck manufacturers — Volvo Group, Daimler Truck and the Traton Group — have signed a non-binding €500 million agreement to install and operate…
EU launches free digital Covid certificate system
The European Union on Thursday launched it free Digital Covid Certificate system designed to help EU citizens travel more freely across the 27-nation bloc and…