The company and its assets will be sold after it filed for bankruptcy in Sweden, sinking Europe’s best hope for competing against Asian rivals.
Category: Europe
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What Products Could Europe Levy in Retaliation to Trump’s Tariffs?
The European Union wants to force the United States to the negotiating table with retaliatory tariffs on a range of American products, including some from Republican strongholds.
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Stock Markets Down as Recession Fears Rise
Investors fear that tit-for-tat tariffs could raise prices, slow growth and sow uncertainty among businesses.
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How a Classic French Dish Is Squeezed by Lingering Inflation
Businesses across Europe, including restaurants in Paris that make the dish, are being squeezed by sticky inflation.
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Tesla Sales Plunge in Germany, Reflecting Broader Slump in Europe
February numbers show the U.S. electric car maker is struggling to attract buyers in the region, as anger at Elon Musk’s politics intensifies.
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Europe Warily Watches U.S.-China Trade War
Some European executives see rising trade tensions as a potential opportunity, but they are watching warily for more moves in Washington.
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Trump’s Tariffs Could Worsen Europe’s Economic Slowdown
The trade threats could reduce exports to the United States and dampen investment in Europe, dealing a blow to growth at a time when the continent is already facing a lackluster economy.
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Why Investors Appear Unfazed by the Latest Trump Tariffs
The dollar fell and global stock markets are holding up despite President Trump announcing his plan to impose reciprocal tariffs on trading partners.
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5 Notes from the Big Paris A.I. Summit
At times, Kevin Roose writes, it feels like he is watching policymakers on horseback trying to install seatbelts on a passing Lamborghini.
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At A.I. Summit in Paris, a Push for Innovation Before Regulation
Europe wants to be a top contender in the race to become a world leader in artificial intelligence, but investors are concerned that it has too much red tape and that its taxes are too high.