Kati Pohjanpalo

An undersea data cable connecting Finland and Germany fell offline on Monday, with authorities reporting the link was cut.

(Bloomberg) -- An undersea data cable connecting Finland and Germany was severed in the early hours of Monday by what was likely an external impact, authorities in the Nordic country said.

(Bloomberg) -- An undersea data cable connecting Finland and Germany was cut in the early hours of Monday by what was likely an external impact and a nearby link between Lithuania and Sweden was also damaged.

Northvolt AB filed for bankruptcy protection in the US after failing to secure a lifeline for its battery-cell business in a faltering market for electric vehicles.

The move caps months of talks with owners, customers and creditors to find a way for Europe's rare homegrown maker of EV batteries to continue operations. The company slashed jobs and nixed expansion plans in a bid to overcome a cash squeeze that intensified over the autumn, after it lost a key contract and was unable to access $1.5 billion in loan guarantees.

The Swedish company filed for Chapter 11 in the Southern District of Texas, it said in a statement on Thursday. The court process protects the company from creditors, allowing operations to continue as it restructures its balance sheet.

Sweden’s authorities have requested that the Chinese vessel linked to broken data cables in the Baltic Sea move closer to its waters, Prime Minister Ulf Kristersson said.

Sweden's authorities have requested that the Chinese vessel linked to broken data cables in the Baltic Sea move closer to its waters, Prime Minister Ulf Kristersson said.

The Nordics and Baltics are leading the way by stockpiling grain, testing payment systems and getting households to store emergency rations.

Sweden’s output unexpectedly expanded during the third quarter in what could prove a welcome sign to a central bank that’s deployed four interest-rate cuts this year to kickstart the spluttering economy.