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French underwater drone maker Exail’s order intake surges more than 500%

16 Apr 2025

By Anna Peverieri (Reuters) – French high-tech industrial group Exail Technologies on Wednesday reported a 519% rise in its order intake in the first quarter of the year, driven by higher defence spending by European governments. The maker of underwater drones and navigation equipment said its order intake for the first quarter totalled 487 million …

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Swedish airbag maker Autoliv shifts tariff costs onto customers, confirms outlook

16 Apr 2025

By Anna Chaberska, Marie Mannes and Alessandro Parodi STOCKHOLM (Reuters) -Car parts supplier Autoliv successfully passed the full costs of tariff increases onto clients in the first quarter after setting up a task force to react to the shifting duties, it said on Wednesday, as it confirmed its full-year guidance. U.S. tariffs on foreign auto …

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UK’s Ocado CEO Steiner temporarily takes helm of tech division

16 Apr 2025

(Reuters) – British online supermarket and technology firm Ocado said on Wednesday that CEO Tim Steiner will temporarily lead Ocado Solutions, the company’s sub-unit which focuses on an all-encompassing technology platform for retailers. The move comes as John Martin, the current boss of Ocado Solutions, steps down after 18 months in the role, the company …

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Use of AI increases accuracy in predictions of ECB moves, DIW says

16 Apr 2025

BERLIN (Reuters) – The use of artificial intelligence will increase accuracy when predicting the monetary policy moves of the European Central Bank, a study by the German Institute for Economic Research DIW Berlin said on Wednesday. Researchers analysed the ECB’s communications from January 2019 to March 2025 using a specially trained text analysis model based …

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KKR acquires German IT firm Datagroup for around $500 million

16 Apr 2025

By Emma-Victoria Farr FRANKFURT (Reuters) -U.S.-based private equity firm KKR has reached a deal with Frankfurt-listed Datagroup to buy the firm in an all-cash transaction that values it at about 450 million euros ($508 million), the IT services provider said on Tuesday. Under the terms of the agreement – the latest in a flurry of …

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Industry groups in Oman, Netherlands, Germany strike green hydrogen deal

16 Apr 2025

By Alban Kacher and Bart H. Meijer (Reuters) -Major industrial groups from Oman, the Netherlands and Germany have signed an agreement for the development of the world’s first liquid hydrogen import corridor, Tata Steel Nederland said on Wednesday. The corridor will link the port of Duqm in Oman, the port of Amsterdam in the Netherlands, …

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Germany’s wind sector on track for record approvals, installations in 2025

16 Apr 2025

BERLIN (Reuters) – Germany approved over 4,000 megawatts (MW) of new onshore wind power capacity and added more than 1,000 MW in new installations in the first quarter of 2025, an industry lobby said on Wednesday, signalling a potential record year for the sector. New onshore wind power installations rose 40% on the year in …

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Heineken beats first quarter forecasts as tariff risks loom

16 Apr 2025

By Emma Rumney LONDON (Reuters) – Heineken reported forecast-beating first-quarter sales on Wednesday and maintained its annual guidance but warned of ongoing volatility caused by uncertainty about the levels and scope of global tariffs. Shares in the world’s second-largest brewer by global volumes rose almost 3% as investors welcomed another quarter of delivery after Heineken …

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Chiesi CEO vows US expansion despite tariff hurdles

16 Apr 2025

By Giancarlo Navach MILAN (Reuters) -The possible introduction of tariffs in the U.S. on pharmaceutical imports won’t stop Italy’s Chiesi Group from supplying patients in need of its products, CEO Giuseppe Accogli told Reuters on Wednesday. Family-owned Chiesi, based in the northern Italian city of Parma, provides treatment for rare diseases and respiratory conditions such …

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French agrifood group Avril braces for challenging 2025 as tariffs loom

16 Apr 2025

PARIS (Reuters) – French agrifood group Avril posted increased earnings for 2024 on Wednesday, but said the volatility caused by U.S. tariffs would be challenging even as local sourcing should shelter it to an extent. Founded by French oilseed and protein crop growers, Avril is France’s biggest producer of biodiesel and animal nutrition, and a …

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