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Northvolt bankruptcy trustee secures agreement for scaled-down operation

31 Mar 2025

COPENHAGEN (Reuters) – Northvolt’s bankruptcy trustee said on Monday it had reached an agreement in principle with key stakeholders in the electric vehicle battery maker for financial guarantees allowing the company to maintain a scaled-down continuation of operations. Northvolt filed for bankruptcy in Sweden on March 12, marking it one of the country’s largest corporate …

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Tesla deliveries likely fell as competition, Musk backlash surge

31 Mar 2025

By Akash Sriram and Abhirup Roy (Reuters) -Tesla investors are bracing for a drop in first-quarter vehicle deliveries as a backlash against CEO Elon Musk’s politics exacerbates weakening demand for the electric vehicle maker’s aging lineup. Musk promised Tesla would return to growth this year after its annual deliveries fell for the first time in …

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Belgium’s anti-austerity national strike grounds flights

31 Mar 2025

BRUSSELS (Reuters) – A national strike in Belgium kept all flights on the ground on Monday and caused some public transport disruptions as people demonstrated against the new government’s austerity plans. Local media reported some protesters also blocked access to some stores in Brussels’ shopping area, including Foot Locker, Kiko Milano, Zara, Primark and Pull …

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German inflation falls, bolstering case for more ECB rate cuts

31 Mar 2025

By Maria Martinez BERLIN (Reuters) -German inflation fell more than expected in March, data showed on Monday, bolstering the case for policymakers seeking further interest rate cuts at the European Central Bank. The inflation rate eased to 2.3%, preliminary data from the federal statistics office showed. Analysts polled by Reuters had forecast a March reading …

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Britain’s LAPFF recommends votes against BP Chair, annual report

31 Mar 2025

LONDON (Reuters) – Britain’s Local Authority Pension Fund Forum (LAPFF) recommended on Monday that shareholders vote against the re-election of BP Chair Helge Lund, BP’s annual report, remuneration report and abstain on whether BP CEO Murray Auchincloss should be re-elected. Influential proxy advisors Institutional Shareholder Services Inc (ISS) and Glass Lewis have recommended that shareholders …

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Hungary should sell its stake in MBH Bank, economy minister says

31 Mar 2025

BUDAPEST (Reuters) – The Hungarian state should sell its 20% stake in MBH Bank, the country’s second-largest lender, in a potential upcoming share offering, the economy minister Marton Nagy said on Monday. Bloomberg reported last week that MBH was working on a potential share offering, and that the government was mulling selling its stake in …

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Toyota says it will maintain operations despite US tariffs

31 Mar 2025

TOKYO (Reuters) – Toyota will keep running its operations as it has been and focus on bringing down fixed costs, it said on Monday, not expressing any intention to raise vehicle prices in response to U.S. President Donald Trump’s tariffs. Japanese domestic media reported earlier on Monday that the world’s biggest automaker does not plan …

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Czech cyanide maker Draslovka sees new profit driver in sodium-ion battery market

31 Mar 2025

By Jan Lopatka and Jason Hovet PRAGUE (Reuters) – Czech chemicals maker Draslovka expects expansion into the battery supply chain to generate more than a third of its gross earnings within five years as demand for sodium-ion batteries grows, CEO Pavel Bruzek Jr. said. The company making chemicals for the metals mining industry and farming …

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Monte dei Paschi says execution risks minimal in answering ISS over Mediobanca bid

31 Mar 2025

MILAN (Reuters) – Monte dei Paschi di Siena said on Monday execution risks in its proposed bid for Mediobanca would be minimal given the lack of overlap, as it addressed criticism of the deal by a leading governance adviser. On Friday, Institutional Shareholder Services (ISS) recommended Monte dei Paschi (MPS) shareholders vote against a share …

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Renault, Nissan further loosen ties to support Japanese firm’s turnaround

31 Mar 2025

By Gilles Guillaume PARIS (Reuters) -Automakers Renault and Nissan said on Monday they had agreed to further amend their two-decade-old partnership to allow for a reduction in their cross-shareholdings in a move aimed at helping Nissan’s recovery. The change in terms, lowering the required shareholding to 10% from 15% previously, comes a day before Ivan …

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