europe – The News Desk

Ace Hotel returns to Europe – Business Traveller

10Apr

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Travel

Ace Hotel returns to Europe – Business Traveller

Design-led brand Ace Hotel is returning to Europe this summer with a property in Athens, following the group’s departure from London’s Shoreditch in 2020. The former Ace Hotel London on Shoreditch High Street closed in early 2020 shortly after the onset of Covid-19, and reopened as One Hundred Shoreditch under the Lore Group in 2022. The 120-room Ace Hotel & Swim Club Athens will open in the Greek capital’s Glyfada neighbourhood along the Athens Riviera, developed in partnership with Brook Lane Capital. The group’s resort-style Swim Club brand is set to be a focus for the Ace group over the next few years, with more properties on the horizon following its popular Swim Club property in Palm Springs, which opened in 2009 and will be undergoing a renovation later this year. The group is...

U.K. Shop-Price Inflation Held Steady in December, Report Says

2Jan

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World

U.K. Shop-Price Inflation Held Steady in December, Report Says

Annual U.K. shop-price inflation was unchanged in December, with growth at the lowest rate since June 2022, a report by NielsenIQ and the British Retail Consortium showed Tuesday.Prices at U.K. stores were up 4.3% on year in December, matching November’s rate and below the three-month average rate of 4.6%.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Kim Jong Un’s 2024 Wish List: More Nuclear Bombs, Spy-Satellite Launches

1Jan

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World

Kim Jong Un’s 2024 Wish List: More Nuclear Bombs, Spy-Satellite Launches

SEOUL—Throughout 2023, North Korean leader Kim Jong Un called for the expansion of his country’s weapons arsenal. This year, he plans more of the same. Pyongyang plans to carry out three more spy-satellite launches and accelerate nuclear-weapons production in 2024, Kim told top North Korean officials in recent year-end meetings. The 39-year-old dictator ruled out reunification with South Korea. And he echoed prior dissatisfactions with the U.S., urging his country to prepare for an armed conflict that could occur at any time. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Western Anxiety About Chinese EVs Could Prove Self-Defeating

1Jan

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World

Western Anxiety About Chinese EVs Could Prove Self-Defeating

Updated Jan. 1, 2024 12:06 am ETChina hawks have the upper hand in the political battle over electric vehicles. They should be wary of overplaying it.The rules for getting a tax credit on EV purchases in the U.S. changed recently. One difference will help stimulate sales: The credit, worth up to $7,500, is now available at the point of sale rather than at the end of the tax year, meaning it can be used as part of a down payment. Other changes will have the opposite effect. Among new sourcing requirements designed to foster a North American supply chain, battery components manufactured in China, the world’s largest supplier, now make models ineligible.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

1Jan

By adminNo Comments

Money

Western Anxiety About Chinese EVs Could Prove Self-Defeating

Updated Jan. 1, 2024 12:06 am ETChina hawks have the upper hand in the political battle over electric vehicles. They should be wary of overplaying it.The rules for getting a tax credit on EV purchases in the U.S. changed recently. One difference will help stimulate sales: The credit, worth up to $7,500, is now available at the point of sale rather than at the end of the tax year, meaning it can be used as part of a down payment. Other changes will have the opposite effect. Among new sourcing requirements designed to foster a North American supply chain, battery components manufactured in China, the world’s largest supplier, now make models ineligible.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Volkswagen’s Elusive Quest to Make an EV for the Masses

31Dec

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World

Volkswagen’s Elusive Quest to Make an EV for the Masses

Updated Dec. 31, 2023 12:19 am ETBERLIN—Almost a decade ago, Volkswagen set out on an expensive quest to dominate the new world of software-defined cars and build the electric “people’s car.” It is still trying. The German automaker has invested billions of euros, retooled entire plants and created new software and battery companies to assist in making the transition. However, VW has yet to produce an EV that has matched the success of its historic gas-powered models such as the Beetle and the Golf in its core markets. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

31Dec

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World

How IKEA Downsized to Go Downtown

Updated Dec. 31, 2023 12:20 am ETPARIS—There was no instruction manual when IKEA’s Paris team set to work building a new kind of city-center store.The Swedish furniture company’s ambition was to create a smaller version of its giant blue-and-yellow suburban stores for downtown consumers, to be replicated around the world. A quarter of the size of IKEA’s traditional outlets, the central Paris store—the first of this new type when it opened in 2019—would need to be radically different, they decided.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

30Dec

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Health

Putin and Migrants Ring Out 2023

The last week of the year of world disorder known as 2023 offered a clear reminder of the challenge facing President Biden and Congress when they return to work in January. To wit, the problems at the southern border and Ukraine aren’t about to vanish.Russia resumed its bombing of Ukrainian cities with a vengeance on Friday. The drone and missile barrage was the worst in months with Kyiv counting a total of 158 fired at a range of targets across the country. As usual with Russia, civilians weren’t spared. At least 30 people were killed and 160 wounded, according to the Ukrainian government. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Elon Musk and Italy’s Giorgia Meloni Form a Trans-Atlantic Bond

30Dec

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Technology

Elon Musk and Italy’s Giorgia Meloni Form a Trans-Atlantic Bond

ROME—Elon Musk and Italian Prime Minister Giorgia Meloni have formed one of 2023’s more unlikely trans-Atlantic alliances.Behind their budding friendship lie common interests in political issues such as immigration and demographics, as well as in tech-sector regulation and the risks associated with artificial intelligence.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Russian Strike on Ukraine Sent Warhead Through Polish Airspace, Warsaw Says

30Dec

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World

Russian Strike on Ukraine Sent Warhead Through Polish Airspace, Warsaw Says

KYIV, Ukraine—Russia launched a massive missile and drone attack on cities across Ukraine, killing at least 30 people and allegedly sending a warhead through Polish airspace in one of the biggest barrages of the war.Ukrainian President Volodymyr Zelensky said Russia launched around 110 missiles on Friday morning. The majority were shot down, according to Ukrainian officials, but damage was nonetheless widespread. Schools, apartment buildings and a maternity hospital were all hit. Casualties were reported in Kyiv, Kharkiv, Odesa, Dnipro, Zaporizhzhia and Lviv—the six largest Ukrainian cities not under Russian occupation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8