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Volkswagen truck unit Traton’s quarterly orders rise despite weaker US

By Bartosz Dabrowski and SimonFerdinand Eibach -Volkswagen’s truck unit Traton on Monday reported a rise in first-quarter orders, even as its revenue fell 10% on less favourable economic and political situation, particularly in North America. Traton’s shares climbed 5.15% as of 0745 GMT, as its incoming orders rose by 12% to 74,300 vehicles in the …

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Spain’s Unicaja strikes cautious tone on lending income for 2025

By Jesús Aguado MADRID (Reuters) -Spain’s Unicaja struck a cautious outlook for its lending income in 2025 after margins came under pressure in the first quarter due to lower interest rates while net profit topped forecasts thanks to a lower impact from the renewed banking tax. Spanish banks are mainly retail lenders and have benefited …

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ECB consensus builds for June rate cut but no appetite for big move, sources say

By Francesco Canepa WASHINGTON (Reuters) -European Central Bank policymakers are becoming increasingly confident about cutting interest rates in June as inflation continues its march lower, but there is little to no appetite for a big move, six sources told Reuters. ECB governors gathering in Washington for the International Monetary Fund and World Bank’s Spring Meetings …

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France’s Banijay explores takeover bid for UK’s ITV, FT reports

(Reuters) -French entertainment company Banijay is in early-stage talks for a takeover offer for British broadcaster ITV that would merge their respective production businesses, the Financial Times reported on Sunday, citing people familiar with the matter. Banijay has explored options, including an offer for ITV’s studio business, the report said, adding that the discussions are …

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Germany to tap utility executive Reiche for economy minister, sources say

BERLIN (Reuters) -Germany’s conservative party is expected to name Katherina Reiche as the country’s next economy minister, as part of a raft of appointments to be revealed on Monday, two people familiar with the matter said. German conservatives under Friedrich Merz clinched a coalition deal with the centre-left Social Democrats (SPD) earlier this month, aiming …

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French CMA CGM to acquire Turkish Borusan’s logistics subsidiary in $440 million deal

(Reuters) – French shipping giant CMA CGM’s subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan’s logistics arm, Borusan Tedarik Zinciri Cozumleri ve Teknoloji, for $440 million, according to a filing by the Turkish company. Borusan Yatirim said in the exchange filing that the price was subject to ordinary net cash …

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IMF-World Bank meetings end with little tariff clarity, but economic foreboding

By David Lawder, Karin Strohecker, Andrea Shalal WASHINGTON (Reuters) -Global finance leaders came to Washington this past week seeking clarity on what it would take to get some relief from President Donald Trump’s multi-layered tariff assault and on just how much pain it will bring to the world economy.   Most headed home with more questions …

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France proposing merging, scrapping third of gov’t agencies by end-year

PARIS (Reuters) -The French government will propose combining or eliminating a third of government agencies by the end of the year in a bid to save money, the public accounts minister said on Sunday. “We will, by the end of the year, propose in the budget that a third of state-backed agencies and operators that …

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