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Taxation in EU budget proposal sends ‘wrong signal’, German minister says

17 Jul 2025

DURBAN, South Africa (Reuters) -German Finance Minister Lars Klingbeil doubled down on Berlin’s criticism of the European Commission’s proposed budget on Thursday, taking aim at corporate tax under the plan which he said sends “the wrong signal”. “Everyone should come to us, we want investments to take place in Germany and in Europe,” Klingbeil said …

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German chemical lobby VCI sees no sector recovery before 2026

17 Jul 2025

By Anastasiia Kozlova and Isabel Demetz (Reuters) -Germany’s chemical industry lobby VCI does not expect a sector upswing before 2026, even though the rapid downtrend the chemical-pharmaceutical industry has seen in recent years seems to be over, it said on Thursday. The chemical industry including pharmaceuticals recorded sales of 107 billion euros ($124 billion) in …

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EU stalls probe into Musk’s X amid US trade talks, FT reports

17 Jul 2025

(Reuters) -The European Commission has stalled one of its investigations into Elon Musk’s social media platform X for breaching its digital transparency rules while it seeks to conclude trade talks with the U.S., the Financial Times reported on Thursday. The Commission will miss the deadline for finalising its investigation into X, which was expected to …

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France’s Legrand shares rise as data centre demand prompts outlook hike

17 Jul 2025

(Reuters) -Shares of Legrand gained more than 8% in early trading on Thursday, after the French electrical and digital building infrastructure group hiked its annual sales target driven by strong growth in the data centre segment in North America. Tech companies, led by those in the U.S., are investing heavily in data centres to meet …

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Warm weather hits gravy, soup demand at Mr Kipling owner; sweet sales strong

17 Jul 2025

(Reuters) -Britain’s Premier Foods on Thursday said warmer weather kept shoppers away from gravy, stock, and soup in the first quarter, leading to only a marginal rise in revenue and sending its shares down 6%. The company, which also owns the brands including Ambrosia, Bisto, and  Oxo, reported sales of 240 million pounds ($321.1 million) …

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UK homeware retailer Dunelm’s sales rise as shoppers seek value in tough economy

17 Jul 2025

(Reuters) -British homeware retailer Dunelm Group reported a rise of 3.8% in annual sales on Thursday, as strong summer demand and a focus on value attracted cost-conscious shoppers against a bleak economic backdrop. British households, pressured by high living costs and economic uncertainty, are increasingly turning to value-driven alternatives. The company, which sells items ranging …

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Japan’s Mitsubishi expands in salmon farming with acquisitions in Norway, Canada

17 Jul 2025

TOKYO (Reuters) -Japanese trading house Mitsubishi said on Thursday it would expand its salmon farming by acquiring additional businesses in Norway and Canada, as Japanese companies continue to grow in the food sector, with a focus on protein.  Faced with volatile fossil fuel markets and in search of stable revenue streams, Mitsubishi and its rivals …

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Low water hinders Rhine river shipping in Germany despite rain

17 Jul 2025

HAMBURG (Reuters) -Low water levels following dry weather continue to hamper Rhine river cargo shipping in Germany, with rain in past days causing only a moderate rise in water levels, commodity traders said on Thursday. Low water is hampering shipping on all the river south of Duisburg and Cologne, including the chokepoint of Kaub. Cargo …

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Argentex unit halts operations after funding setback

17 Jul 2025

(Reuters) -British currency risk manager Argentex’s main trading unit will cease operations, the firm said on Thursday after it was unable to secure funding. One of the first known casualties of the consequences of the global trade war, Argentex was instructed by UK’s Financial Conduct Authority in late June about certain restrictions being imposed on …

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