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- Nov 09, 2018
The Santa Monica-based electric scooter startup, Bird, has announced the launch of its operations the UK’s capital city, London. The company – which expanded to France, Israel, Belgium, Austria, and Mexico earlier this year – will offer its scooters in the Queen Elizabeth Olympic Park in east London from 6 November. In the US, the company serves 70 towns and citie...
The Bonn-headquartered telecommunications firm, Deutsche Telekom, has revealed plans to build an electric vehicle (EV) charging network in Germany. The company will develop the network by adding power cables to fixed line and cable infrastructure boxes. The firm will target existing grey cable boxes located on residential roads across the country, Reuters reported. By upgradin...
Today, the 20 richest people on the planet are worth a staggering $1.2trn. As the divide between the rich and the richer widens and fortunes stack up, we take a look at Forbes’ ‘The World’s Billionaires’ list to find out the richest people in Europe and how they got there... 10.) Stefan Quandt German billionaire Stefan Quandt is one of the ...
The US e-commerce giant, Amazon, will be launching its Prime Wardrobe service in the UK, allowing customers to try clothes before they buy them. Under the service, customers signed up to the firm’s Prime subscription service will be able to order between three and eight items of clothing without paying an upfront cost. The order will be delivered free of charge, and the items...
Frequently hailed as one of the most digitally advanced societies in Europe, Estonia is carving its own unique path in today’s digital landscape. But could it be the right location for your European venture? At the heart of Estonia’s business sphere lies the country’s capital, Tallinn. The burgeoning city is also making waves in the wider European business scene too - ...
The Restaurant Group has proposed to acquire the Asian-style restaurant chain, Wagamama, for a cash payment of £357mn (US$455mn). The bid placed by the British group, which owns brands such as Frankie & Benny’s and Chiquito, brings Wagamama’s enterprise value to £559mn ($712.4mn). The Restaurant Group referred to Wagamama as “a differentiated, high...
Hello and welcome to November’s Europe edition of Business Chief, bringing you the latest, news analysis and insights from the region. For our cover story this month, we sat down with Sami Aherva, Head of Stara Logistics, and, Ilpo Laitinen, Head of Stara Administration, to see how the City of Helsinki is being recognised on a global stage as both a smart city and a functional cap...
Richard Tarboton, Director of Strategic Services at Carbon Credentials , a data savvy carbon and energy management company, discusses the need for concrete scientific targets among business leaders and the impact such targets are already having on brands like Unilever, Diageo and Tesco. The recent and most comprehensive study to date into climate change by the Intergovernmental ...
Volvo Cars, the Swedish auto manufacturer, has acquired a stake in the electric vehicle (EV) charging firm, FreeWire Technologies. The company bought the shares through its Volvo Cars Tech Fund, which it launched earlier in 2018. Volvo has referred to the San Francisco-based firm as a “pioneer in flexible fast charging technology for electric cars.” “Volvo Ca...
The largest asset management firm in the world, BlackRock, has announced that its Europe, Middle East, and Africa (EMEA) headquarters will remain located in the UK. The US company’s European operations will continue to be run from the UK following Brexit, according to Reuters, which claims to have seen a staff memo. BlackRock will be moving “very few” roles to off...
The employment-focused social media, LinkedIn, has yet again released a list of the top 25 most attractive startups. This time the firm is focusing on France, but as always evaluating privately-held startups that are no older than seven years and employ at least 50 people. Here are the top 10 companies featured on LinkedIn’s list: 10. Back Market The firm operates a...
The Swedish furniture retailer, IKEA, has launched a spin-off chain of showrooms in London. The first IKEA Planning Studio opened on the city’s Tottenham Court Road on 11 October. IKEA has introduced the showrooms as part of its plan to reduce reliance on its larger stores located on the outskirts of large cities and towns. The firm aims to introduce smaller stores to mo...
The US-based technology giant, Apple, has signed a US$600mn deal with the UK-based Dialog Semiconductor. The deal will see the British firm license Apple’s power management technologies, as well as transfer the firm 300 members of staff and assets. Apple will acquire the R&D employees, which focus on computer chip engineering, from the UK, Italy, and Germany. The US ...
The automotive giant, BMW, has announced it will invest $4.16bn to increase its interest in Chinese company, Brilliance Automotive, in a move that will see its stake rise from 50% to 75%. The Germany-based firm will also invest over $3.4bn to enhance its existing production capacity in China, BBC News reports. As a result of the joint venture contract, the new agreement is valid fo...
US tech giant Microsoft will receive unconditional EU antitrust approval for its acquisition of GitHub, reportedly worth US$7.5bn, according to Reuters GitHub, with 28 million developers operating on its platform, is the largest code host in the world. Reuters said that the European Commission’s final decision is due by 19 October, and that neither it nor Microsoft offered co...
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