EncroChat bust leads to 6,500 arrests, €900m seized
European policing agency Europol announced that the dismantling of the encrypted communications tool EncroChat, widely used by organised crime groups (OCGs), has so far led to…
June 2023
Pensions manager invests $400m in Sweden’s Northvolt
By Mark McSherry Canada’s Investment Management Corporation of Ontario (IMCO) announced it will invest $400 million in battery producer Northvolt to help the Swedish company…
Intel invests $33 billion in Germany amid EU expansion
By Mark McSherry US semiconductor giant Intel is to invest more than €30 billion ($33 billion) to develop two chip-making plants in Magdeburg in Germany as part…
Airbus gets $50bn IndiGo order, biggest deal in history
By Mark McSherry Europe’s Airbus has announced the biggest plane deal in history with an order for 500 narrowbody A320 Family aircraft from Indian budget carrier IndiGo…
ECB raises interest rates to highest level in 22 years
By Mark McSherry The European Central Bank (ECB) raised euro zone borrowing costs to their highest level in 22 years on Thursday, with ECB President Christine…
EU may force Google to sell part of its adtech business
EU regulators said on Wednesday that Alphabet’s Google may have to sell part of its adtech business to address concerns about anti-competitive practices. The European Commission…
Lombard Odier fund arm hires first ‘chief nature officer’
Lombard Odier Investment Managers (LOIM) has announced the appointment of forestry expert Marc Palahi as its first Chief Nature Officer as part of the firm’s…
Iberdrola signs €1bn EIB loan for solar, wind network
Iberdrola has signed a new financing agreement worth €1 billion with the European Investment Bank (EIB) to build an extensive network of 19 solar power plants…