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French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. CARREFOUR: Carrefour, the European food retailer, reported a third-quarter sales group of 22.6 billion Euros while maintaining its financial goals for 2025? EXAIL TECHNOLOGIES : French underwater drone manufacturer Exail Technologies has reported a 18% increase in revenue for the third quarter, to 105 millions euros. This was driven by a strong demand for drone technology used by military forces. ID LOGISTICS The logistics company ID Logistics has reported revenues of 2.70 billion Euros for the nine-month period. KERING: Kering, the luxury group, reported a third-quarter profit of 3,42 billion euros. The group's overall sales were down 5% on an like-for-like comparison. This was higher than market expectations. MICHELIN: The French tyre manufacturer Michelin reported that its third-quarter sales fell 6.6% to 6.25 billion euro, which was below expectations. It cited a worse than expected business environment in North America. Verallia has revised its outlook for 2025. The company now expects adjusted EBITDA to be around 700 million euro. Pan-European market data: European Equities speed guide................... FTSE Eurotop 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurotop 300 sectors..................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt items......... CAC-40................. Paris items............ World Indices..................................... survey of world bourse outlook......... European Asset Allocation........................ News at a glance: Top News............. Equities.............. Main oil report........... Main currency report..... (Gdansk Newsroom)
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Maguire: Solar and batteries can help Central Europe reduce its dependence on fossil fuels
Central Europe, a region not known for its sunshine, is proving to be a leader in the global energy transition through clever use of local battery energy storage systems and solar parks. As part of their efforts to increase the domestic energy supply, several major Central European economies, including Austria, Hungary and Romania, have increased dramatically since 2022 the share of electricity produced by solar farms. This rapid growth in solar power has enabled steep reductions in the amount of fossil fuels used to generate electricity, with the percentage falling to new lows in the entire region in 2025. The use of grid-scale batteries, which are largely manufactured locally and are a result of policies to support local jobs, is also boosting the surge in solar power. Combining solar power and battery technology, Central Europe is able to defy the expectations that it would be a region tied to fossil fuels and become a leader of regional energy transition. STAR POWER Austria and Hungary are the two nations in Central Europe that have been most influential in boosting solar energy and reducing fossil fuel dependence. Both economies are expected to be heavily dependent on Russian exports of energy after the Russian invasion of Ukraine 2022 due to a lack of other options for imports. Austria, which used to rely on Russia for 90% of its gas supply, has been able to reduce its direct Russian imports dramatically since 2022 and has met most of its needs in 2025 by sourcing gas from Slovakia. While Hungary has continued to buy Russian oil and natural gas, even though the European Union has reduced Russian imports, Hungary’s electricity system has decreased its reliance on gas from more than 25% before 2022 to less than 20% while increasing solar production. In fact, Austria and Hungary generate more electricity from solar farms now than fossil fuels. This is a dramatic change from only two years ago, when fossil fuels accounted for the majority of electricity. According to Ember, Austria's energy think-tank, data shows that by 2025, solar farms will generate around 17% and fossil fuel plants 10% of the electricity. This compares with a solar share of 6% and a fossil fuel share of roughly 19% in 2022. Around 33% of Hungary's electricity will be supplied by solar farms in 2025, while around 22% will come from fossil fuel plants. This compares with a solar share of 14% and a fossil fuel share of 35% in 2022. WIDER TREND In recent years, Romania, Poland and Slovakia have all increased their solar energy production while simultaneously reducing the use of fossil fuels. Solar energy is growing much faster than fossil fuels and will likely overtake fossil fuels in the next few years. Solar capacity has risen dramatically in the region since 2019. Ember data show that the cumulative solar generation capacity of Austria, Hungary and Romania, as well as Poland, has increased by 460% from 2019 to 2024. This is a jump from 8 gigawatts in 2019. This growth rate compares with a 145% increase in Europe's overall solar generation capacity during the same time period. It indicates that Central Europe has grown roughly three times faster than the European average. Charge up The rapid growth of the production and usage of battery energy systems (BESS) has been a key factor in Central Europe's solar adoption. According to local utility filings, the battery energy storage capacity in Austria, Hungary, and Romania has increased by 472% between 2022 and 2025. After large investments across Europe in upgrading the electricity grid, the BESS capacity is expected to increase over the next decade. Project filings across Central Europe suggest that energy capacity for BESS installations could increase by more than tenfold in 2030, as each major power grid increases both its solar and storage capacities. These increases in clean energy supply are likely to allow Central Europe to maintain its momentum as an important global energy transition engine. These are the opinions of the columnist, an author for. You like this article? Check it out Open Interest The new global financial commentary source (ROI) is your go-to for all the latest news and analysis. ROI provides data-driven, thought-provoking analysis on everything from soybeans to swap rates. The markets are changing faster than ever. ROI can help you keep up. Follow ROI on You can find us on LinkedIn.
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Taiwan and its offshore Islands near the Chinese Coast
Taiwan closely monitors whether China will include Taiwan-controlled Kinmen Islands in a five-year plan being discussed this week in Beijing. Taiwan's offshore Islands: Facts and figures When the defeated Republic of China fled to Taiwan after losing a Civil War to Mao Zedong’s communists in 1949, it retained control of a number of islands and islets on China’s southern and eastern coasts. The majority were captured by Chinese forces later or were evacuated by Taiwan because they were difficult to defend. Taiwan is only geographically a part of the Kinmen Islands and Matsu Islands, which are located just off the coasts of China's Fujian Province. - During Cold War, Chinese forces bombarded Kinmen, Matsu and other islands, but Taiwan retained control over the islands. The shelling continued until 1979. However, martial law was not lifted until 1992. Kinmen and Matsu are popular tourist destinations, yet they retain a strong military presence from Taiwan. As part of the normalisation plan, ferry services were launched from Kinmen and Matsu to China in 2001. At its nearest point, the Chinese coastline is just a few kilometres away from Kinmen. The cities of Xiamen (miles), and Quanzhou are clearly visible from the shore. Taiwan has expressed concern over a renewed Chinese military and quasi-military pressure campaign against Kinmen, Matsu and Matsu. This includes regular Chinese Coast Guard patrols in Kinmen waters, and occasionally drone flights near. Civil aviation is a major source of disagreement. China opened two new routes last year near Kinmen Island and Matsu, claiming they would help reduce air traffic congestion. Taiwan said that it had not been consulted, and the routes could pose a risk to the civilian flights servicing the airports in Kinmen and Matsu. Taiwan's officials said that the routes would also reduce their response time, and could threaten the national security of the island. Xiamen’s new international airport is due to open in the next year and it’s only a few kilometres away from Kinmen. Taiwan fears that this could be a security and aviation risk. Kinmen and Matsu have already developed economies that are closely linked to those of the Chinese cities Xiamen Quanzhou Fuzhou with whom its residents share strong linguistic, cultural and business ties. - China also constructed a bridge connecting Xiamen and Kinmen, without consulting Taiwan whose government had not approved the project. Construction has not begun on the Kinmen end. (Written by Ben Blanchard, edited by Sherry Jacque-Phillips).
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New Zealand issues rare warnings of a spring storm with a red alert
New Zealand's Weather Agency issued rare red-wind warnings, and officials declared an emergency in the Canterbury area as a powerful storm brought heavy rain and destructive gales to the South Island and the lower North Island Thursday. Several government services, such as libraries, were closed, including flights in and out Wellington, New Zealand's capital. Some train services had also been suspended. New Zealand Transport Agency has also closed several roads, and there are significant power outages. Images of a truck that overturned, silos that were toppled, and fences blown down appeared in the media. MetService stated that severe north-westerlies would produce damaging gusts of up to 150 km/h (93mph) in coastal areas of the lower South Island, and up to 140 km/h in certain parts of Wellington and Wairarapa. Heavy rain was also predicted for some parts of New Zealand. The red alert is only given in extreme situations. People are asked to shelter in place and, in worst-affected areas, government buildings like libraries and parks were closed. The National Emergency Management Agency announced that a state-of-emergency had been declared for the Canterbury Region late on Wednesday. This allowed authorities to mobilize resources and give directions as conditions worsened. Fire crews are continuing to fight wildfires on the east side of the North Island in Hawke's Bay. These have been largely contained, according a Hawke's Bay Fire and Emergency post. TVNZ reported a large vegetation blaze has also broken out in Hanmer Springs on the East Coast of the South Island. Fire crews struggle to reach the area because the road is blocked with fallen trees. Fire and Emergency New Zealand said that it was sending crews to respond to several incidents. It asked the public to be on their guard for fallen trees, powerlines and debris flying about and to stay away from the road. (Reporting and editing by Stephen Coates; Lucy Craymer)
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Waymo will test its autonomous vehicles manually at Newark Airport
Alphabet Waymo announced on Wednesday that it would begin testing its autonomous vehicles in Newark Liberty International Airport. The firm is looking to bring their robotaxis into one of the main airports servicing the New York City region. Robotaxi has been growing steadily in the United States over the past few years despite expensive technology and tough regulations. It is now gaining momentum through partnerships with ride hailing platforms and fleet operators, at a moment when Tesla is rolling its long-promised roboticaxi service out in the country. Waymo said it would test the technology with human drivers in Newark Airport in collaboration with Port Authority of New York & New Jersey in a blog post on X. Due to accidents, recalls, and federal investigations, it has been difficult for the U.S. to commercialize autonomous vehicles. Waymo announced last week that it will launch its driverless ride-hailing services in London by 2026. It is also looking to expand to other major cities.
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Southwest Airlines unexpectedly posts Q3 profit due to improved travel demand
Southwest Airlines announced an unexpected profit for the third quarter on Wednesday. The company attributed this to a rise in demand for travel and tighter cost control. Travel bookings are expected to continue strong until December, according to the Texas-based carrier. The company is expecting to achieve record revenues in the fourth quarter with "meaningful" margin expansion. Southwest shares increased by more than 3% after-hours. Southwest Airlines, the largest domestic airline in the United States, is struggling to find its feet after the COVID-19 epidemic and is undergoing major strategic changes. The airline began charging for checked baggage, introduced a basic-economy fares, and in January will implement a new policy of assigned seats, replacing the previous open seating model. The company estimated that revenue per available seat-mile, or revenue per passenger, would rise between 1% and 3% in the fourth quarter compared to last year. The company's non-fuel costs are expected increase by 1.5% to 2.5% in the same time period. According to LSEG data, it reported a profit adjusted of 11 cents per share, compared to analysts' expectations on average of a loss 3 cents. Operating revenue was $6.95 billion compared to analysts' expectations of $6.29 billion. The airline's non-fuel costs increased by 3.4% compared to the previous year, while its forecasted increase was up to 5.5%. The airline said that cost discipline was a key factor, and reiterated its plan to cut $370 million from expenses this year. (Reporting and editing by Richard Chang; Rajesh Kumar Singh)
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How many US attacks on boats near Venezuela has there been?
At least 32 people have been killed in the U.S.'s seven attacks on ships near Venezuela, which it claims were transporting drugs. On Tuesday evening, a separate strike occurred in the Pacific and not the Caribbean. The U.S. described some victims as Venezuelans while Colombian president Gustavo Petro said that others were from Colombia. The family of a man who was believed to have been killed in a striking action has demanded proof that he had been a drug dealer. Venezuela's government said that the strikes were illegal, amounted to murder, and was an aggression against Venezuela. The Venezuelan president Nicolas Maduro has accused Donald Trump, who has bolstered his security and deployed tens-of-thousands of troops throughout the country, of wanting regime change. This is an accusation that the U.S. President has played down. Here's a list: Trump claimed that the U.S. military had killed 11 people during a strike against a Venezuelan vessel allegedly transporting illegal drugs. This was the first operation known since the deployment of warships in the southern Caribbean by his administration. The Venezuelan government denied that any of the eleven were members of Trump's Tren de Aragua criminal gang. Trump claimed that on 15 September, the U.S. Military had carried out an attack against a suspected Venezuelan drug cartel ship heading for the U.S. He added that three men died in the strike and it took place in international waters. Trump did not provide any evidence to support his claim that the boat was transporting drugs. SEPTEMBER 19, Trump claimed that the U.S. had attacked a drug-carrying vessel, killing three men. OCTOBER 3, 2017 - U.S. defense secretary Pete Hegseth confirmed that four people were killed in a strike on a vessel allegedly transporting illegal drugs off the coast Venezuela. Trump announced that six suspected drug traffickers were killed by a U.S. attack on a boat near the Venezuelan coast. Two people were killed by the U.S. military in a strike on October 16th. In the first incident of this kind, two survivors were returned quickly to their countries. They were a Colombian, and an Ecuadorean. Ecuador said that it had no reason to hold its citizen, and has released him. Hegseth stated that a strike had killed three people. The Colombian president Gustavo Petro, involved in a spat that escalated with Trump this week, disputed a statement by the U.S. Defense Secretary that the boat was owned by the National Liberation Army rebels (ELN), saying it belonged instead to a "humble" family. Hegseth has also disputed the ELN's claim.
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Kinder Morgan's third-quarter profits rise on higher natural gas demand
Kinder Morgan, a U.S.-based pipeline operator, posted an increase in its third quarter profit on Wednesday. This was largely due to higher volumes of gas being transported through the pipelines. Kinder Morgan, for example, is betting on the growing demand for natural gas from LNG export installations as well as an increase in electricity generation due to AI operations and cryptocurrency mining. Kim Dang, CEO of the company, said that "total demand for gas will grow by 20 percent through 2030. This growth is primarily due to LNG exports. We are exploring opportunities to supply more than 10 billion cubic feet per day to the natural gas energy generation sector." As new terminals are brought online after President Donald Trump lifted the pause on permits in January, there is a surge in activity within the U.S. Liquefied Natural Gas sector. This is due to expectations that exports will increase. The company, which accounts for roughly 40% of all natural gas produced in the country, reported that the backlog of projects stood at $9.3 Billion. During the third quarter, approximately $500 MILLION of projects were put into service, and an equal amount of new projects was added. The company reported that it transported approximately 47,461 billion British Thermal Units of natural gas each day during the third quarter. This compares to 44,827 Btu per daily last year. During the third quarter of 2018, its total deliveries, including refined products like jet fuel and diesel, dropped to 2,11 thousand barrels per day from 2,15 MBbl/d. Houston-based company, Texas said that its net profit for the three months ending September 30 was $628 million, compared to $625 million one year ago. (Reporting from Sumit Saha, Bengaluru. Editing by Alan Barona.)
Boeing concerns will not erode workers' preparedness to strike, union states
Boeing's financial and production challenges following a January midair panel blowout will not alter its employees' preparedness to strike to make gains in bargaining, a union local president stated on Thursday.
The International Association of Machinists and Aerospace Employees (IAM), which represents more than 30,000 Washington state workers constructing Boeing jets, wants much better retirement advantages and wage boosts going beyond 40% over three to four years after what it termed years of stagnant revenues.
We are going to optimize this opportunity no matter what, Jon Holden, president of the IAM's District 751 representing the Seattle-area employees, stated in an interview with .
Our members desire an arrangement, they want a great contract but they are willing to strike if they have to.
IAM employees are arranged to elect a strike authorization required on July 17, but they can not strike before the agreement ends on Sept. 12.
Boeing did not respond to a request for talk about the union's possible strike plans.
The planemaker is trying to manage a sprawling crisis that emerged after a door plug blew off an Alaska Airlines 737 MAX jet on Jan. 5.
Boeing's primary monetary officer stated last month the company would burn rather than create cash in 2024 and deliveries would not increase in the 2nd quarter.
Workers held a noisy rally on Tuesday at Boeing's Renton plant outside Seattle, accompanying a media check out to showcase quality enhancements at the factory.
Holden stated the IAM's talks with Boeing have not resolved any significant points yet and the planemaker has pressed back on union needs for greater salaries and to get a seat on the company's board of directors.
They're not open to it at this point, he stated of the board seat. However it is very important for us to continue to push due to the fact that it has to do with ensuring that those at the greatest level of this business understand that they are missing the voice of workers.
U.S. investigators on Thursday approved the planemaker for exposing details of a probe into the panel blowout occurrence at the media event, prompting Boeing to ask forgiveness.
Holden stated he was not aware of changes at the Renton factory described by Boeing to reporters and had actually not yet seen the planemaker's 90-day plan to improve quality that has been sent to the Federal Air Travel Administration.
He stated he expected to get a copy of the plan and had actually held earlier discussions with Boeing as it was being developed.
I don't see a difference, Holden stated of factory modifications. I haven't seen the 90-day plan yet. We're still trying to get a. copy of it.
Boeing stated in a declaration that it had actually hosted Holden in its. factory several times to walk him through its security and. quality strategy and to listen to his concerns and feedback.
(source: Reuters)