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German economy grew by 0.2% in first quarter

BERLIN (Reuters) -Germany’s gross domestic product rose in line with forecasts, by 0.2%, in the first quarter of 2025 compared with the previous three-month period, preliminary data from the statistics office showed on Wednesday.(Reporting by Rachel More, editing by Kirsti Knolle) Brought to you ...
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Rheinmetall, Lockheed Martin extend cooperation

(Reuters) -Germany’s Rheinmetall and U.S. firm Lockheed Martin have agreed to expand their cooperation and extended a memorandum of understanding signed in 2024, they said in a joint statement on Wednesday. The two defense groups will set up what they call a “center of excellence,” ...
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Marvel’s ‘Thunderbolts*’ to test Chinese appetite for Hollywood as trade war rages

By Casey Hall and Sophie Yu SHANGHAI (Reuters) -New Disney movie Thunderbolts* is poised to test Chinese appetite for Hollywood blockbusters as it opens in cinemas around China on Wednesday, making it the first American film to hit movie theatres in the country since a ...
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Barclays posts first-quarter profit beat on fixed income trading frenzy

By Lawrence White and Sinead Cruise LONDON (Reuters) -Barclays said on Wednesday its first-quarter profit rose a better-than-expected 19%, as frenzied trading activity in the first three months of the year boosted investment banking revenue. The British bank reported profit before tax for January-March of 2.7 ...
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Coca-Cola HBC beats quarterly revenue growth estimates

(Reuters) – Bottler Coca-Cola HBC AG beat market expectations for first-quarter organic revenue growth on Wednesday, supported by strong demand in its key emerging markets. Organic revenue grew 10.6% in the first quarter, above analysts’ estimate of 8.3%, according to a ...
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China pivots to Europe for used cooking oil exports as tariffs hit shipments to US

By Chen Aizhu and Trixie Yap SINGAPORE (Reuters) -China’s used cooking oil (UCO) exports to the United States, its largest buyer, are set to plunge in coming months due to steep tariffs, forcing sellers to divert shipments to Europe and elsewhere, industry players said. With Trump ...
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US cognac sales are rebounding, China weak, Remy Cointreau says

By Dominique Vidalon and Emma Rumney PARIS/LONDON (Reuters) – French spirits group Remy Cointreau missed fourth quarter sales forecasts on Wednesday, but said it saw a “steep recovery” in the critical U.S. market, which has been dragging on performance for over ...
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Stellantis suspends full-year forecasts due to U.S. tariff uncertainty

MILAN (Reuters) – Stellantis said on Wednesday it was suspending its guidance for a moderate recovery this year, after a profit drop in 2024, due to the uncertain impact of U.S. President Donald Trump’s tariff policies. The move is “due to ...
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Analysis-Troubled by Trump’s tariffs, Volvo Cars’ new CEO turns to Chinese owner Geely

STOCKHOLM (Reuters) – Under pressure from U.S. President Donald Trump’s tariffs, Volvo Cars’ new CEO Hakan Samuelsson is juggling the task of working with Chinese majority owner Geely to cut costs with attempting to keep selling cars to U.S consumers. ...
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Stellantis suspends full-year forecasts due to U.S. tariff uncertainties

MILAN (Reuters) -Stellantis said on Wednesday it was suspending its guidance for a moderate recovery this year, after a profit drop in 2024, due to the uncertain impact of evolving U.S. tariff policies. In the first quarter, net revenues fell 14% year-on-year to 35.8 billion ...
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German logistics group DHL posts higher earnings in Q1 but cautious on trade

BERLIN (Reuters) -German logistics company DHL on Wednesday posted higher sales and earnings in the first quarter, a period dominated by tensions over U.S. import tariffs that could both help and hinder the group’s bottom line. Group revenues increased by 2.8% year on year to ...
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Mercedes pulls earnings guidance amid Trump tariff uncertainty

By Rachel More and Nick Carey BERLIN (Reuters) -Mercedes-Benz on Wednesday pulled its earnings guidance for 2025 amid uncertainty over the impact of U.S. President Donald Trump’s tariffs on car imports as the German automaker posted a sharply lower first-quarter profit. The premium automaker said that ...
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