Northvolt chief warns of faltering green transition after battery maker’s bankruptcy

Europe’s best-funded start-up raised $15bn but was left with just $30mn in cash

Business - Financial Times - Yesterday

Northvolt, Europe’s Hope for a Battery Champion, Files for Bankruptcy

The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles.

Tech - The New York Times - 2 days ago

Battery start-up Northvolt files for bankruptcy protection in US

Europe’s big hope for homegrown manufacturing has struggled with production at its factory in northern Sweden

Business - Financial Times - 2 days ago

Northvolt CEO resigns as Europe’s big hope for a battery champion files for bankruptcy

The chief executive of Northvolt stepped down on Friday, shortly after the Swedish battery maker filed for Chapter 11 bankruptcy protection in the U.S.

Business - CNBC - Yesterday

Northvolt’s future hangs in balance as bankruptcy looms

Troubled European battery maker in race against time to secure short-term funding

Business - Financial Times - 6 days ago

‘There was so much promise’: How Northvolt tumbled into bankruptcy

Battery champion became a symbol of Europe’s ambitions and then its failings on its way to Chapter 11 proceedings

Business - Financial Times - Yesterday

Volvo moves to buy out Northvolt from Gothenburg battery project

Chinese-owned Swedish carmaker is reviewing options for a potential partnership

Business - Financial Times - October 30

Florida medical device maker Exactech declares bankruptcy

Exactech faces more than 2,000 lawsuits alleging it sold defective knee and hip implants.

The global green transition will survive Trump

Higher borrowing costs from tariffs and tax cuts will be the US’s main impact on carbon-saving investment worldwide

World - Financial Times - 2 days ago

Electric Vehicle Companies, Battery Makers Urge Trump to Keep Tax Credits

The Trump transition team wants to kill the $7,500 consumer tax credit for electric-vehicle purchases.

Business - Inc. - November 15

EU governments struggle to fund green transition

Investors in Czech solar parks threaten to sue Prague over planned cuts to subsidies for photovoltaic installations

World - Financial Times - November 14

China warning hits another medical equipment maker

Smith & Nephew shares slumped on Thursday as it became the second health equipment company in a week to warn that Chinese sales were getting hit hard.

Business - MarketWatch - October 31

World’s largest transformer maker warns of supply crunch

AI data centre demands and renewable energy’s dispersed nature are driving equipment orders for power grid upgrades

Business - Financial Times - November 3

Developing world needs private finance for green transition, says Cop president

UN’s top climate official warns ‘no country is immune’ from climate disaster as conference begins in Azerbaijan. Businesses in the private sector must stump up cash for the developing world to ...

World - The Guardian - November 11

Flights not impacted after Spirit Airlines files for bankruptcy

Failed sales and mergers and an engine recall that forced dozens of jets to be grounded have pushed Spirit Airlines to file for bankruptcy. CBS News senior transportation correspondent Kris Van ...

Democrat Dave Min keeps Katie Porter’s House seat blue

Min, a state senator from Irvine, defeated Scott Baugh, a two-time candidate who had narrowly lost the seat two years ago to Porter.

Politics - Politico - November 12

Pentagon chief urges 'calm, orderly' Trump transition in memo to troops

Defense Secretary Lloyd Austin told U.S. troops that the Pentagon will make a “calm, orderly, and professional transition” to the incoming Trump administration, according to a Wednesday memo. “Our ...

Politics - The Hill - November 7

Trump ramps up transition talks and names chief of staff

President-elect Donald Trump held transition talks aimed at filling key positions in his administration. His transition team announced the first major appointment, the White House chief of staff. ...

Shadow chancellor warns Reeves over EU ties after Bank chief says Brexit harming economy – UK politics live

Mel Stride said there must be no suggestion of the UK going back into the EU single market or customs union. In news that will disappoint those of you who enjoy a Liberal Democrat stunt, PA has ...

World - The Guardian - November 15

Trump turns attention to transition after election win

President-elect Donald Trump is turning his focus to the presidential transition following his victory. Democrats, meanwhile, are left wondering what led to his comeback. Natalie Brand has more.

What's next for Biden after Trump transition meeting?

President Biden headed to Peru Thursday for the APEC summit where he is meeting with Chinese President Xi Jinping. This comes after his meeting with President-elect Donald Trump at the White House. ...

Marjorie Taylor Greene issues warning to Republicans opposing Matt Gaetz nomination

Congresswoman threatens to release what she says are reports of harassment claims filed against colleagues . Marjorie Taylor Greene , the firebrand Republican congresswoman from Georgia, has ...

World - The Guardian - 4 days ago

The Guardian view on Cop29: 1.5C has been passed – so speed up the green transition | Editorial

Sir Keir Starmer’s pledge on emissions is an encouraging step at a frightening moment. Predictions that this will be the first calendar year in which the 1.5C warming limit enshrined in the Paris ...

World - The Guardian - November 12

Chinese EV makers' go-global drive hits bumps amid Beijing's warning, failed deals

World - Yahoo News - November 14

Spirit Airlines warns its equity would be wiped out if it reaches bankruptcy deal with its creditors

Spirit Airlines Inc.’s stock cratered 55% Wednesday, on track for its biggest-ever one-day decline, after the company warned that its equity would be wiped out as part of a restructuring deal that ...

Business - MarketWatch - November 13

Teary Rory McIlroy claims DP World Championship and sixth Race to Dubai

‘I’ve been through a lot this year. I got the job done’ McIlroy now level with Seve Ballesteros on all-time list This time, the tears were of joy. When Rory McIlroy was reduced to crying during ...

World - The Guardian - 6 days ago

Judge scolds Giuliani for not turning over assets, including car he's driving

Giuliani got a tongue lashing Thursday in federal court after missing a deadline to turn over valuables to two election workers he defamed. He owes the women $148 million in damages.

The Onion wins control over Infowars after Alex Jones bankruptcy auction

The Onion has won control over conspiracy theorist Alex Jones' media empire, including his flagship website Infowars, after winning a bankruptcy auction for his properties.

Restaurant executives can't wait for 2025 after slow traffic and wave of bankruptcies

This year, restaurant bankruptcy filings soared, industry traffic declined and same-store sales disappointed.

Business - CNBC - 6 days ago

Biden calls for unity, pledges peaceful transition after Trump victory

Speaking from the White House, President Joe Biden called for unity and calm amid political divides and urged Americans to "bring the temperature down" on rhetoric. He pledged a peaceful transition ...

Trump's transition team turns to Project 2025 after disavowing it during the campaign

Trump and his allies disavowed Project 2025 during the campaign. But now transition officials are utilizing its extensive personnel database for potential hires.

A second US exit could ‘cripple’ the Paris climate agreement, warns UN chief

António Guterres says treaty will endure but urges US to remain amid reports that Trump plans to withdraw from the climate negotiating framework entirely. . The world needs the US to remain in the ...

World - The Guardian - November 1

TotalEnergies chief warns Trump against cutting climate rules

Patrick Pouyanné says a return to ‘wild west’ would provoke backlash for oil and gas companies

Business - Financial Times - November 3

‘Essential to act now’ to prevent chaotic climate breakdown, warns UN chief

On the eve of Cop29 in Baku, António Guterres says dangers are underestimated as irreversible tipping points near. The world is still underestimating the risk of catastrophic climate breakdown and ...

World - The Guardian - November 8

Former NATO chief warns of tension in alliance with Trump's return to White House

James Stavridis, former NATO supreme allied commander, warned of "internal tension" in the alliance because President-elect Trump has made critical remarks about NATO in the past. "There'll be a ...

Politics - The Hill - November 8

The Papers: Welby quits and hospital chiefs get waiting times warning

The resignation of the Archbishop of Canterbury and new performance measures for the NHS lead the papers.

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