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German industry alliance lays out domestic investment push
German industry alliance lays out domestic investment push
by  AFP

More than 60 German companies said Monday they would fund new domestic investments worth at least 100 billion euros ($117 billion) each as Chancellor Friedrich Merz seeks to revive Europe's largest economy. The CEOs of the two German heavyweights were received in the chancellery in Berlin by Merz, who declared that "the message is very clear... it is worth investing in Germany again".

UK overhauls regulation of 'broken' water system
UK overhauls regulation of 'broken' water system
by  AFP

The UK government announced Monday it will overhaul the management and regulation of the water system, following a landmark report that slammed systematic failings in the heavily-criticised industry. It urged the UK and Welsh governments to give themselves more powers to "direct" failing water firms, while also demanding an overhaul of their regulation.

US tariffs help push Jeep owner Stellantis into big loss
US tariffs help push Jeep owner Stellantis into big loss
by  AFP

Jeep owner Stellantis said on Monday it suffered a massive loss in the first half of the year, when it felt the first impact of new US tariffs and took a massive charge following a change in US laws. The 2.3-billion-euro ($2.7-billion) net loss in the first half of the year came as sales in North America continued to slump, down 25 percent by volume in the second quarter year-on-year.

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