Business

Muhos and Kajaani, Finland, Alphabet, the multinational tech giant and parent company of Google, has unveiled plans to significantly expand its data centre infrastructure in Finland. This ambitious move includes the purchase of approximately 1,400 hectares of land in Muhos and Kajaani, at an estimated cost of €27 million. According to a press release from…

What Happened? Northvolt, the Swedish electric vehicle (EV) battery maker once seen as Europe’s best hope for reducing reliance on Chinese manufacturers, has filed for Chapter 11 bankruptcy protection in the U.S. The company, burdened with $5.8 billion in debt, has only $30 million in cash enough to sustain operations for about a week. Despite…