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Czech defence group CSG wins $1 billion Asian truck deal, opens Slovak ammunition line

16 Dec 2025

By Jan Lopatka PRAGUE, Dec 16 (Reuters) – Czech defence firm Czechoslovak Group said on Tuesday it has won a $1 billion military truck contract from an unnamed Asian customer, as it also opened an artillery ammunition filling line to boost its large-calibre shell capacity. The moves are the latest for the rapidly-growing company owned …

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Factbox-From Walmart to Nestle, CEO churn sweeps global consumer goods makers

16 Dec 2025

Dec 16 (Reuters) – Kraft Heinz on Tuesday became the latest global consumer goods company to make top-level changes this year, tapping industry veteran and former Kellanova head Steve Cahillane as its new CEO, ahead of a planned split. Here are some of the major CEO changes among global consumer goods companies in 2025: Company …

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German investor morale rises more than expected in December, ZEW finds

16 Dec 2025

By Maria Martinez BERLIN, Dec 16 (Reuters) – German investor morale rose more than expected in December, the ZEW economic research institute said on Tuesday, as expectations about Germany’s economic situation improve. The index rose to 45.8 points in December. Analysts polled by Reuters had expected a reading of 38.7, up only slightly from last …

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Exclusive-Shell seeks buyers for stake in Germany’s Schwedt refinery, sources say

16 Dec 2025

By Marek Strzelecki, Christoph Steitz and John O’Donnell WARSAW/FRANKFURT, Dec 16 (Reuters) – Shell has restarted efforts to sell its stake in Germany’s PCK Schwedt oil refinery, three sources familiar with the matter told Reuters, aiming to exit an asset entangled in Western sanctions on Russia and Berlin’s need to secure fuel supplies. Russian state-controlled …

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Exclusive-California Pizza Kitchen reaches buyout deal, names new leadership

16 Dec 2025

Dec 16 (Reuters) – An investor group led by Consortium Brand Partners is buying California Pizza Kitchen and has tapped the CEO of Convive Brands to run its restaurants, the company told Reuters on Tuesday, five years after the chain’s pandemic-driven bankruptcy. Jon Weber, chief executive officer of Convive Brands, which is part of the investor …

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EU Parliament approves deal to weaken corporate sustainability laws

16 Dec 2025

BRUSSELS, Dec 16 (Reuters) – The European Parliament gave its formal approval on Tuesday to scale back the EU’s corporate sustainability laws, clearing one of the final legal hurdles before the changes can pass into law. The European Parliament voted to approve the changes, with 428 lawmakers in favour, 218 against and 17 abstentions. EU …

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App developers urge EU action on Apple fee practices

16 Dec 2025

Dec 16 (Reuters) – A coalition of 20 app developers and consumer groups on Tuesday called upon European regulators to enforce EU laws against Apple, saying the company’s fee structure unfairly disadvantages European developers compared to their U.S. rivals after a recent court decision in the United States. The European Union’s Digital Markets Act (DMA), …

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German financial watchdog finds non-compliance at local Standard Chartered unit

16 Dec 2025

FRANKFURT, Dec 16 (Reuters) – Germany’s financial market regulator BaFin said on Tuesday that it was ordering the German unit of Standard Chartered to fix organisational deficiencies and hold more capital following an audit earlier this year. “Business organisation was not compliant in some of the areas audited. This affected the processes for granting loans …

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EU to widen carbon border levy to close loopholes on polluting goods, draft shows

16 Dec 2025

By Kate Abnett BRUSSELS, Dec 16 (Reuters) – The European Union plans to extend its carbon border levy to cover car parts, refrigerators and washing machines, draft documents seen by Reuters on Tuesday showed, in a bid to close loopholes that the bloc feared would allow foreign manufacturers to dodge climate costs. The proposal marks …

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Sonnedix wins contracts for 805 MW of solar capacity in Italy

16 Dec 2025

MILAN, Dec 16 (Reuters) – JP Morgan-backed renewable energy company Sonnedix has secured contracts for 805 megawatts of solar capacity in Italy under three government-sponsored schemes, it said on Tuesday. Considered easier to develop than wind projects due to the Mediterranean country’s geographical characteristics, solar power is playing a central role in the energy transition …

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