Business

German industry increases energy use

German industry increased its energy consumption in 2024 after firms had cut usage following higher prices triggered by Russia’s invasion of Ukraine.

German industry increases energy use
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Beware deceptive Black Friday sales

Consumer groups and experts warned shoppers internationally to beware of scams and accelerated, deceptive Black Friday and Cyber Monday sales ahead of Nov. 28.

Beware deceptive Black Friday sales
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European inflation diverges, Spain rises

October consumer inflation diverged across Europe: Finland's consumer prices fell 0.2%, France's inflation slowed to 0.8%, and Spain's rose 3.1% amid higher electricity and transport costs.

European inflation diverges, Spain rises
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China investment slump drags growth

China's economy showed further cooling as investment fell by its largest pandemic-era decline, while industrial output and private consumption weakened, with consumer spending at its lowest in over a year.

China investment slump drags growth
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Google must pay Idealo €465m

Berlin's court ordered Google to pay Idealo €465 million in damages, finding the company favoured its own price‑comparison service, a ruling that may be appealed.

Google must pay Idealo €465m
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Guardia Civil searches Acciona offices

The Guardia Civil’s UCO searched Acciona’s Madrid and Bilbao offices to seize contracts and documents in a secret judicial probe into possible irregularities in Belate tunnel adjudications.

Guardia Civil searches Acciona offices
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BHP liable for Samarco collapse

A London judge ruled that mining giant BHP was liable for the 2015 Samarco dam collapse in Brazil that killed 19 and devastated communities, opening the way for multibillion‑pound damages.

BHP liable for Samarco collapse
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Spain, France lift eurozone modestly

The eurozone economy grew modestly in the third quarter, powered by Spain and France while Germany’s weakness restrained overall expansion, though early indicators suggested further recovery.

Spain, France lift eurozone modestly
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Spanish productivity slows despite investment

La productividad de la economía española se desaceleró al crecer un 0,8% en el tercer trimestre de 2025, mostrando un enfriamiento pese al impulso del empleo y la inversión.

Spanish productivity slows despite investment
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Technology rout hits global stocks

Global stock markets fell sharply as a tech-driven sell-off, concerns about China's economy and renewed doubts about U.S. rate cuts spurred investor risk aversion.

Technology rout hits global stocks
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Turkey blocks cattle; dozens die

About 2,900 cattle from Uruguay were stranded for weeks on a livestock ship off Turkey, dozens died after authorities barred landing over missing ear tags and paperwork.

Turkey blocks cattle; dozens die
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Treasury keeps threshold, gilts rise

The UK Treasury said it would not cut the threshold for the higher-rate income tax, pushing long-term gilt yields higher as markets reacted ahead of the Nov. 26 budget.

Treasury keeps threshold, gilts rise
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Italy antitrust fines Wizz Air

Italy's antitrust authority fined Wizz Air €500,000, ruling its "All You Can Fly" subscription was misleading and contained ambiguous information and unfair contract clauses.

Italy antitrust fines Wizz Air
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Siemens hikes targets, shares surge

Siemens Energy raised its revenue and profit targets and lifted its profit outlook, citing surging data‑centre equipment and gas‑turbine demand, and its shares jumped.

Siemens hikes targets, shares surge
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3,000 Boeing workers end strike

About 3,000 Boeing defense workers in the St. Louis area approved a new contract, ending a strike of more than three months that had slowed F-15EX production.

3,000 Boeing workers end strike
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Verizon will cut 15,000 jobs

U.S. telecom company Verizon planned to cut 15,000 jobs next week — its largest-ever reduction, sources said; the company did not immediately comment.

Verizon will cut 15,000 jobs
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