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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...

H&M to Close Afound Online Store by Year-End Due to Low Demand

H&M will shut down its Afound online store by the end of this year due to insufficient demand. The decision was influenced by brands increasingly...

Ryanair Calls on German Government to Repeal Increased Aviation Tax

Ryanair, the Irish low-cost airline, has urged the German government to repeal the increased aviation tax that has been in effect since May. The...

German Chancellor Scholz Expects Gas Extraction Near Borkum to Begin Soon Despite Criticism

German Chancellor Olaf Scholz anticipates that natural gas extraction near Borkum Island in the North Sea will commence soon, despite opposition from environmental groups. The...

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