The European Commission said it prevented the €1.63 ($1.8 billion) deal in order to protect consumers. Booking owns Booking.com, Kayak and other websites, while eTraveli’s offerings include Gotogate and MyTrip. The European Commission blocked US...
Sweden’s state mining company said it found vast amounts of rare earth minerals in a town in northern Sweden, which has the world’s largest underground iron ore mine. Rare earths are used for manufacturing electric...
Demand for key metals is booming. Geopolitical realities and pandemic-related supply chain issues are increasing the pressure on EU countries to proceed with mining activities of their own to decarbonize their economies. The European Union...
The dramatic move in the capital markets continues. The US dollar is soaring as yields and equities slide. The US 10-year yield has fallen below 1.30 to 1.26% European benchmark yields are 1-4 bp lower,...
The debt of US nonfinancial businesses had already surged in recent years, but when the Pandemic hit, businesses went on a borrowing binge as the Fed has repressed interest rates to record lows even for...
The Swedish startup has announced the German automaker will invest heavily in two new battery plants. The factories, located in Sweden and Germany, are intended to compete with Tesla and Asian suppliers. Northvolt, a Swedish...
The Swedish krona is the weakest of the major currencies so far this year, having lost more than 10% against the US dollar and about 6.6% against the euro. The main weight arguably was the...
During visits to more than 80 auto dealers in five Nordic countries, researchers were, more often than not, told not to buy electric vehicles. Their study calls for clearer government policies on newer car technologies....
Deflation is portrayed as the great economic scourge. It exacerbates debt servicing costs and encourages consumers to defer purchases. Central banks in Japan and Europe have responded with aggressive, unorthodox measures, often combining asset purchase...
US: The broad characteristics of the investment climate are unlikely to change very much in the first part of next year. The largest policy change is the beginning of the long awaited slowing of the Federal Reserve’s...
