Germany raised 760 million euros ($760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during COVID-19 lock-downs.
In August Bain was barred from tendering for U.K. government contracts for three years over its “grave professional misconduct” in state corruption in South Africa.
Traton SE is disposing of the sales and financing operations of its MAN and Scania truck-making businesses in Russia, expecting an additional charge of as much as 550 million euros ($560 million).
Swedish home-appliance manufacturer Electrolux is undertaking steep cost cuts that will target its supply chain and production following a warning of a sharp drop in demand.
Dock workers at Felixstowe, Britain’s largest container port, rejected a pay deal imposed by management, paving the way for a new round of industrial action and disruption to vital trade flows.
Within four years, Poland reduced its VAT gap by half (2015: 25%, 2019: 11%) due to several legislative and technology measures (digital transactional reporting, online cash registers, real-time early warning system for VAT fraud, incentives for cashless payment).
Some of the U.K.'s biggest strikes have been called off after the death of Queen Elizabeth II, and the U.K. Rail Delivery Group said train timetables would be normal now that strikes were not going ahead.
Mercedes-Benz AG and Rivian Automotive Inc. are partnering to jointly build electric vans (EVs) in Europe, a potential win-win for an established manufacturer wanting to share costs, and an inexperienced company struggling to scale up.
When cargo is at rest, it’s also at risk. As disruptions such as strikes at major U.K. ports continue, shippers are scrambling to keep cargo moving so it’s harder to steal.
The latest supply chain news, analysis, trends and best practices for companies operating in Europe. Learn how businesses are optimizing supply chain and logistics performance across Europe’s 50 sovereign states and four dependencies - addressing a range of challenges such as varying regulations, developing customs and tax laws and government controlled exchange rates.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.