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EC Rejects Slovakia and Hungary’s Request for Consultations with Ukraine Regarding Sanctions on Lukoil

The European Commission (EC) rejected Slovakia and Hungary's request to mediate consultations with Ukraine regarding sanctions imposed on the Russian oil producer Lukoil. Ukraine has...

French Industrial Sentiment Rises More Than Expected in August

Industrial confidence in France improved more than anticipated in August, with the index rising to 99 points from July's 43-month low of 95 points. Economists...

French Industrial Sentiment Rises More Than Expected in August

French industrial confidence improved in August, with the index rising to 99 points from July's 43-month low of 95 points. Economists had expected a smaller...

Nestlé Shares Drop 2.5% Following CEO’s Unexpected Resignation

Nestlé shares fell by over 2.5% in early trading after CEO Mark Schneider's surprise resignation. Laurent Freixe, previously head of Nestlé's Latin American division, has...

Rheinmetall Aims to Increase Annual Revenue to 40 Billion Euros by 2030

Rheinmetall targets 40 billion euros in annual revenue by 2030, aiming to become one of the world's largest defense companies. The company expects to surpass...

Norway’s Economic Growth Accelerated Sharply in Q2

Norway's GDP grew by 1.4% in Q2, up from 0.3% in Q1. Growth was driven by strong activity in the extraction sector and maritime transport,...

September Rate Cut by ECB Uncertain

Recent wage growth and economic stability in the eurozone may prevent the ECB from making a significant rate cut in September. Saxo Bank suggests that...

Audi Considers Future of Troubled Belgian Plant

Audi's Brussels plant faces high operating costs and declining sales, prompting Volkswagen to lower its annual forecast. The plant currently produces only the aging Q8...

Rising Costs for Slovakia and Hungary as They Continue Russian Oil Imports Despite Sanctions

Slovakia and Hungary to continue importing Russian oil from Lukoil despite Ukrainian sanctions. The new contract will increase costs by approximately $1.50 per barrel due...

Significant Drop in German Grain Harvest Due to Persistent Rain

Harvest Decline: Germany's grain production fell to 39.3 million tons in 2024, down from 42 million tons in 2023, according to Deutscher Bauernverband (DBV). Impact...

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