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Italy’s Lombardy picks group using Starlink to test satcom services

17 Jul 2025

MILAN (Reuters) -Italy’s Lombardy region on Thursday picked a consortium of firms using Starlink’s low-orbit satellite constellation in a pilot project to see if space-based connectivity is a viable solution to boost high-speed internet penetration in the country. Lombardy, home to Italy’s financial capital Milan, launched a tender for a 4.1 million euro project to …

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Wave energy developer CorPower Ocean secures two more investors

17 Jul 2025

LONDON (Reuters) -Sweden-based wave energy technology company CorPower Ocean said on Thursday it had secured two new strategic investors as part of its latest funding round. The investors are an investment arm of Japanese energy utility Tokyo Gas and GTT Strategic Ventures, the investment fund of French technology group GTT. CorPower Ocean said the investment …

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EU gives conditional approval for Brasserie Nationale takeover of Boissons Heintz

17 Jul 2025

BRUSSELS (Reuters) -The European Commission has approved Luxembourg brewer Brasserie Nationale’s acquisition of drinks wholesaler Boissons Heintz subject to conditions aimed at preserving competition in the country’s hospitality sector, the watchdog said on Thursday. The deal, carried out through Brasserie Nationale subsidiary Munhowen, raised concerns because it would combine the two largest beverage distributors to …

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EU challenges Spain for hindering BBVA’s Sabadell bid

17 Jul 2025

By Jesús Aguado MADRID (Reuters) -The European Commission officially challenged the Spanish government on Thursday over its attempts to hinder Spanish bank BBVA’s hostile bid for smaller rival Sabadell. A letter of formal notice, which opens an infringement procedure, was sent to Madrid after the government last month said BBVA would not be allowed to …

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EasyJet warns on profit hit from French air strike, shares slide

17 Jul 2025

By Pushkala Aripaka and Joanna Plucinska (Reuters) -EasyJet warned on Thursday that a strike by French air traffic controllers earlier this month and rising fuel costs would hit its annual profit, sending the airline’s shares down 8%. The low-cost carrier said it still expects “good profit growth” for the year ending September, but forecast a …

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Privacy group files complaint against AliExpress, TikTok and WeChat

17 Jul 2025

STOCKHOLM (Reuters) -Austrian advocacy group noyb filed data privacy complaints against China’s AliExpress, TikTok and WeChat on Thursday, saying they failed to comply with European Union laws on providing users with a full copy of their data. While most tech companies have a tool to fulfil requests for downloading user information, some Chinese companies have …

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Portugal to push ahead with promised corporate tax cuts, PM says

17 Jul 2025

LISBON (Reuters) -Portugal’s minority government will present a bill that would gradually cut the corporate tax rate to 17% by 2028 from 20% now, aiming to improve business competitiveness and boost investment, Prime Minister Luis Montenegro said on Thursday. In keeping with the centre-right ruling coalition’s electoral promise and following a one-percentage-point cut this year …

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Analysis-Diageo’s new CEO needs actions, not just words

17 Jul 2025

By Emma Rumney LONDON (Reuters) -Diageo’s new interim CEO Nik Jhangiani has charmed investors with his cool confidence and clear communication, in contrast to his predecessor who struggled to win over the company’s shareholders during her short term. But whoever takes on the full-time leadership of the world’s top spirits maker will inherit challenges that …

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