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Majority of Non-Food Products in Russia Still Dependent on Imports

More than 50% of non-food products in Russia are imported. With imported components, this figure increases to 70% or more. Annual investment in foreign...

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...

New Study Highlights Weakening in the Global Automotive Industry

German automakers report an 18% drop in EBIT for the first half of 2024. Japanese manufacturers see a 37.1% profit increase due to yen depreciation. Global...

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...

UK Consumer Sentiment Held at Nearly Three-Year High in August

UK consumer confidence remained at its highest level since September 2021, with the GfK index steady at -13 points in August. Optimism was driven by...

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...

Core Inflation in Japan Accelerates, But Key Core-Core Inflation Slows

Core inflation in Japan, which excludes fresh food prices, rose to 2.7% year-on-year in July, up from 2.6% in June. Core-core inflation, closely watched by...

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,...

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