Unicredit moves to fund takeover with shareholder vote approving up to 470 million new shares Unicredit shareholders approved a capital increase to finance the Unicredit takeover of Commerzbank, paving the …
Business
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Tank rebate leaves drivers with smaller-than-expected cuts as fuel prices rise over weekend Tank rebate in Germany falls short: ADAC data show E10 and diesel prices down only about 11 …
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Business
Athens property prices soar as mayor announces first social housing units
by Leo Müllerby Leo MüllerAthens housing market soars as prices double and affordable supply dwindles Athens housing market is overheating: prices have doubled since 2017, tourism and foreign buyers shrink supply while the city …
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Business
German Consumer Confidence Falls to Lowest Since February 2023 as HDE Warns
by Leo Müllerby Leo MüllerGerman consumer sentiment falls to lowest since February 2023 as energy costs and inflation bite German consumer sentiment falls to its lowest level since February 2023, with the HDE Consumer …
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Business
German retail landlords urged to negotiate with banks to prevent mass vacancies
by Leo Müllerby Leo MüllerGerman retail crisis forces landlords to renegotiate as vacancy risk rises Insolvency lawyer Stefan Denkhaus warns landlords to offer concessions amid the German retail crisis to prevent a wave of …
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Business
GameStop launches $56 billion bid to acquire eBay and challenge Amazon
by Leo Müllerby Leo MüllerGameStop bid for eBay: Ryan Cohen offers $56 billion cash-and-stock takeover GameStop bid for eBay: Ryan Cohen has proposed a roughly $56 billion cash-and-stock offer, including $125 per share and …
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Business
Asia pivots to solar for energy security, risks growing China dependence
by Leo Müllerby Leo MüllerAsian energy transition accelerates as Iran war chokes oil and gas supplies Asian energy transition accelerates after Iran war disrupts oil and gas flows; nations import Chinese solar panels en …
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Business
Older engineers hit by downturn as firms push early retirement packages
by Leo Müllerby Leo MüllerOlder workers face surge in layoffs as companies push early retirement offers Older workers hit by job cuts and early-retirement packages as plant closures and cost-cutting measures force experienced staff …
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Business
German winemakers warn price collapse and falling demand threaten survival
by Leo Müllerby Leo MüllerGerman winemakers face collapsing prices and rising costs as demand falls German winemakers confront collapsing bulk prices, surging input costs and declining domestic demand, forcing consolidation, mechanisation and painful staff …
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Business
Montezemolo seeks approval to launch 30 high-speed trains in Germany
by Leo Müllerby Leo MüllerMontezemolo Eyes Italo High-Speed Trains in Germany with 30 Siemens Sets from 2028 Luca Cordero di Montezemolo is planning to introduce Italo high-speed trains in Germany from 2028, proposing 30 …