Volvo Cars to buy out Northvolt from jointly owned gigafactory in Sweden
Plans are further blow to Europe’s hopes of creating a homegrown electric car battery
EU launches action against shopping website Temu over illegal products
Formal investigation opens amid concerns Chinese shopping website is breaching Digital Services Act
‘Ray of hope’: German economy grows 0.2% ending recession fears
Third-quarter rise in GDP lifts eurozone growth to 0.4% as a result of increased household and government spending
Sweden and Norway rethink cashless society plans over Russia security fears
Rise in hybrid warfare and cyber-attacks blamed on pro-Russia groups prompt Nordic neighbours to backpedal
Volkswagen hit by 60% fall in profits as sales in China slump
Drop comes as carmaker faces battle with unions over plan to shut three factories in Germany
Post-Brexit border checks putting food security at risk, produce sellers warn
Importers also facing rising costs, delays and damage to orders, letter from representatives tells government
Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union
German carmaker warns of stagnation in the European sector amid news of deeper-than-expected action
Ministers urged to cut ties with P&O Ferries owner over links to Russia
The government is facing calls to cease trading with DP World because of its partnership with Putin’s northern sea route
Brexit has put £370m a year on price of power from EU since 2021, experts say
Trade body Energy UK also estimates total energy cost of leaving bloc could reach £10bn by end of decade
Intel wins lengthy EU legal battle over £880m competition fine
Chipmaker disputed 2009 decision that it abused its market position in case dating back two decades
Project to build German EV microchip factory put on hold
US firm Wolfspeed and German car parts supplier ZF postpone plans over doubts over viability
Putin calls for alternative international payment system at Brics summit
Russian president’s goal to de-dollarize world economy alarms members that do not want bloc to turn against west
UK watchdog formally investigates Carlsberg’s £3.3bn takeover of Britvic
CMA sets 18 December deadline for initial review as it considers whether deal could reduce competition
Putin returns to world stage hosting 36 leaders at Brics summit in Russia
West infuriated as UN secretary general accepts invitation to meeting of countries including China, India and Iran
TfL could be forced to pay millions over Dutch lorry drivers’ low emission zone fines
Hauliers’ group Transport in Nood BV launched judicial review earlier this year over fines issued in Ulez and Lez