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UK aircraft parts company director charged with fraudulent trading

28 May 2025

LONDON (Reuters) -Britain’s Serious Fraud Office (SFO) on Wednesday said it had charged the director of a airline parts company with fraudulent trading, after planes were briefly grounded worldwide over safety fears. Jose Alejandro Zamora Yrala is accused of operating UK-based AOG Technics for a fraudulent purpose and will appear at London’s Westminster Magistrates’ Court …

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EU discussing steel, chip, plane cooperation with US, trade chief says

28 May 2025

By Federico Maccioni DUBAI (Reuters) -The European Commission is discussing with the United States possible cooperation in sectors such as aerospace, steel, semiconductors and critical minerals, European Trade Commissioner Maros Sefcovic said on Wednesday. Sefcovic, in Dubai to launch free trade agreement negotiations with the United Arab Emirates, said he was talking to U.S. counterparts …

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Bulgaria likely to get EU Commission go-ahead to adopt euro from 2026, officials say

28 May 2025

By Jan Strupczewski BRUSSELS (Reuters) -The European Commission is likely to give Bulgaria the green light on June 4 to adopt the euro currency from the start of 2026, several euro zone officials said, making Bulgaria the 21st country to join the single currency area. The Commission will publish a “convergence report” next Wednesday on …

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Factbox-Criteria to adopt the euro currency as Bulgaria awaits EU decision

28 May 2025

BRUSSELS (Reuters) -The European Commission will decide on June 4 if Bulgaria can enter the euro zone and become the bloc’s 21st member from 2026. European Union countries aspiring to adopt the single currency need to fulfil criteria in four areas: inflation, public finances, the exchange rate and long-term borrowing costs. INFLATION * Inflation in …

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ProSieben elects Maria Kyriacou to board amid shareholder struggle

28 May 2025

By Klaus Lauer (Reuters) -ProSiebenSat.1 Media elected Maria Kyriacou as chairman of its supervisory board on Wednesday, backed by Czech investment group PPF, following her appointment to the board. The appointment of Kyriacou, a former executive at Paramount Global, Disney and ITV studios comes amid a power struggle between the company’s two largest shareholders, Italy’s …

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Trust in European Union at highest since 2007, poll shows

28 May 2025

By Gianluca Lo Nostro (Reuters) -Trust in the European Union and its institutions has risen to an almost two-decade high, a report released on Wednesday shows, as U.S. President Donald Trump upends global trade and foreign policy. The Eurobarometer poll by the European Commission shows 52% of Europeans trust the EU, the highest figure since …

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Spanish satellite operator Sateliot in talks to offer 5G to European armies

28 May 2025

MADRID (Reuters) -Spanish satellite startup Sateliot is in talks with several European defence ministries to offer 5G connection for their militaries, its co-founders said on Wednesday. The company, which recently raised 70 million euros ($79 million) in debt and equity, expects to offer narrow 5G band connection to small devices in areas without mobile phone …

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UK’s Rentokil to sell French workwear business in $464 million deal

28 May 2025

(Reuters) -British pest control company Rentokil Initial said on Wednesday it would sell its workwear, flat linen and clean room business in France to H.I.G. Capital in a deal that values the business at about 410 million euros ($463.8 million). The sale positions the company “more clearly as a streamlined pest and hygiene & wellbeing …

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German gas pipeline lobby proposes reforms to cut cost of storage

28 May 2025

FRANKFURT (Reuters) -Germany’s pipeline lobby group has proposed a new approach to gas storage, including a permanent national reserve, it said on Wednesday, in an effort to reduce the cost of building up an energy buffer ahead of the European winter. Since the energy crisis linked to Russia’s invasion of Ukraine in 2022, European Union …

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Ryanair extends suspension of flights to Tel Aviv until end of July

28 May 2025

DUBLIN (Reuters) – Ryanair has cancelled all flights to and from Tel Aviv until July 31, extending the duration of its suspension of flights into Israel, the low cost carrier said on Wednesday. Ryanair Chief Executive Michael O’Leary said last week that his airline was “losing patience” with security disruptions at Tel Aviv’s Ben Gurion …

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