German manufacturing order backlog hits record high in May 2026 Germany’s manufacturing order backlog reached a record in May 2026, rising 1.7% month-on-month and 9.5% year-on-year, led by machinery and …
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East Rutherford pitch declared 95% ready for World Cup final, FIFA says FIFA turf manager Alan Ferguson says the East Rutherford pitch is about 95% ready for the Argentina–Spain final …
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Business
US inflation drops more than forecast to 3.5 percent as Fed warns
by Leo Müllerby Leo MüllerUS inflation cools faster than expected as June CPI rises 3.5% year‑on‑year U.S. consumer prices in June rose 3.5% year‑on‑year, easing more than economists anticipated and signaling a renewed slowdown …
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Business
Unicredit Secures 45 Percent Stake as Commerzbank Takeover Nears Regulatory Approval
by Leo Müllerby Leo MüllerUnicredit takeover of Commerzbank poised to close after Milan bank secures roughly 45% stake Unicredit’s takeover of Commerzbank edges closer after the Milan-based bank reported it now controls roughly 45% …
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Business
Tankrabatt passed to drivers in roughly 80 percent of cases, Bundeskartellamt confirms
by Leo Müllerby Leo MüllerGermany’s tank rebate reached motorists by about 80%, Bundeskartellamt says Bundeskartellamt: Germany’s tank rebate in May–June reached motorists by about 80% — diesel 82.6%, E5 77.8%. Analysis of pass‑through, costs, …
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Business
BMW reports Q2 sales decline as China deliveries plunge 30 percent
by Leo Müllerby Leo MüllerBMW Q2 Sales in China Plunge 30%, Group Delivers 590,962 Cars as EVs Edge Up BMW sales in China suffered a sharp setback in the second quarter as the Munich …
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Business
BMW reports Q2 sales decline as China deliveries plunge 30 percent
by Leo Müllerby Leo MüllerBMW sales in China plunge 30% in Q2, dragging group deliveries down 4.9% BMW sales in China plunged 30% in Q2, contributing to a 4.9% decline in group deliveries to …
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UniCredit Stake in Commerzbank Reaches 49.65% of Voting Rights After Exchange Offer UniCredit stake in Commerzbank rose to 49.65% of voting rights after 17.6% of shareholders accepted the exchange offer, …
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Business
German bakeries hit by 40 percent insolvency rise as government proposes longer opening hours
by Leo Müllerby Leo MüllerBakery Insolvencies in Germany Rise 40% as 63 Bakeries File in First Half German bakery insolvencies surged as 63 bakeries and confectioneries filed for bankruptcy in the first half of …
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Business
AI Boom Propels World’s 100 Most Valuable Companies to 18 Percent Gain
by Leo Müllerby Leo MüllerAI boom drives combined value of top 100 listed companies to $61.9 trillion EY report: AI boom lifts top 100 firms to $61.9T by June, driven by US tech leaders …