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French political crisis brings back recession risk, Carrefour CEO says

27 Aug 2025

PARIS -French Prime Minister Francois Bayrou’s decision to hold a confidence vote will weigh on consumer mood and could bring back recession fears, the head of the country’s largest retailer Carrefour said on Wednesday.  “Our morale is tied to the functioning of the state,” Carrefour CEO Alexandre Bompard said at a business conference. “The more …

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Aroundtown gets initial grid capacity allocations for planned data centres

27 Aug 2025

By Marleen Kaesebier (Reuters) -Aroundtown, one of Germany’s largest listed landlords, on Wednesday said it had received initial grid capacity allocations for several data centres in Berlin, a further step towards entering the data centre market. In May the real estate company said it hoped to team up with more specialised companies after receiving only …

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Helped by brand tie-ups, Lego’s first-half sales hit a record

27 Aug 2025

By Stine Jacobsen COPENHAGEN (Reuters) -Danish toymaker Lego said on Wednesday its first-half sales rose 12% to a record 34.6 billion Danish crowns ($5.43 billion), as partnerships with other major brands, including Formula One and Jurassic Park, helped it to outperform its peers. “The toy market is actually back to growth this year, but we …

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German banks halted 10 billion euros in PayPal payments on fraud concerns, says newspaper

27 Aug 2025

BERLIN (Reuters) -German banks blocked PayPal payments totalling more than 10 billion euros ($11.7 billion) over fraud concerns, the Sueddeutsche Zeitung newspaper reported on Wednesday, without specifying its sources. The payments were halted on Monday after lenders flagged millions of suspicious direct debits from PayPal that appeared last week, the newspaper said. Asked to comment …

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Depleted bank climate coalition to vote on structural change

27 Aug 2025

By Simon Jessop LONDON (Reuters) -The banking industry’s main group leading the sector’s global effort to cut carbon emissions plans to overhaul its structure, it said on Wednesday, after the high-profile exit of many of its largest members. The Net-Zero Banking Alliance, set up in 2021 ahead of global climate talks in Glasgow, has proposed …

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Ryanair CEO says aviation sustainability targets are ‘dying a death’

27 Aug 2025

DUBLIN (Reuters) -Ryanair Chief Executive Michael O’Leary has said sustainability targets for aviation are “dying a death”, with the sector set to miss both 2030 targets for sustainable aviation fuel and a 2050 net zero mandate. “I don’t believe SAF is a good thing – I think it’s nonsense,” O’Leary told journalists in London. “Over …

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Ryanair expects Boeing to boost 737 output to 42 per month by October

27 Aug 2025

DUBLIN (Reuters) -Ryanair expects that Boeing will boost its monthly output of 737 jets to 42 per month from 38 by October, the airline’s chief executive Michael O’Leary told journalists on Wednesday. Boeing is waiting for the Federal Aviation Administration to lift a 38-plane-per-month cap on 737 MAX production, which it imposed shortly after a …

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Moscow court fines Pinterest, Twitch for failing to abide by Russian law

27 Aug 2025

MOSCOW (Reuters) -A Russian court has fined social networking sites Pinterest and Twitch in separate cases for violating local internet regulations, the court said on Wednesday on its Telegram channel. Pinterest was fined 10 million roubles ($123,692) and Twitch received a 61,747,992-rouble fine. Neither company immediately replied to a request for comment. ($1 = 80.8455 …

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Blackstone plans $5 billion expansion of Spanish data centre project

27 Aug 2025

MADRID (Reuters) -U.S. asset manager Blackstone is looking to expand its planned project to build data centres in Spain’s Aragon, with an additional investment of 4.3 billion euros ($5.03 billion) in the region striving to become a major cloud computing hub. Documents filed with the regional government showed that aside from an initial investment of …

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