EU clears purchase of ABB’s power cable business

The European Commission has cleared the proposed purchase of ABB’s €836 million (£713m) high voltage power cable business by NKT Cables. It concluded the merged firm would continue to face effective competition in Europe. In 2014, the Commission found the main producers of high voltage power cables, including NKT and ABB, were involved in a […]

HP recalls six million “fire hazard” power cables

Computing giant HP has recalled a reported six million power cables which “may pose a risk” of fire or burn hazard. On Tuesday it asked customers around the world to send back any affected AC power cords and it will send back another one for free. The cables came with HP and Compaq laptops or […]