Indian industrial giant Tata has decided to invest more than four billion pounds sterling, the equivalent of more than 50 billion Swedish kronor, in a new battery plant in Somerset, in the southwestern corner of Great Britain.
The plant will be one of the largest battery manufacturers in Europe with around 4,000 employees. Production is expected to start in 2026, according to the company.
SMHI: The worst is over
SAS crosses liquor giant – sales ceased on flights
The airline SAS has chosen to boycott alcohol producer Bacardi, and take the brand out of its scope, Norwegian Børsen reports.
High rate policy in Norway – more may be needed
Norway’s central bank, Norges Bank, is raising its main interest rate by 25 points (0.25 percentage points) to 4 percent. Thus, Norway’s key interest rate is at the highest level since the financial crisis in 2008. But more may be needed, according to director Ida Walden-Pasch.
After the Flood: “They worked all night.”
They’ve been battling water all night – and it’s still rising. Irvingsholm Farm outside Örebro is one of many businesses affected by rising water levels. Farm owner and egg producer Lars-Hakan Johnson says we’ll probably have to do it all day, too.
India: More than 70 dead after monsoon rains
At least 72 people have died in the Himalayan region of northern India, authorities said on Thursday, after several days of torrential rain.
BAE Systems makes major purchases in the United States
British defense conglomerate BAE Systems – with Hägglunds and Bofors in the group – has agreed to buy the aviation unit of American Ball for $5.6 billion (equivalent to 61 billion kronor).
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