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02.06.25 - 14:12
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Czech Factory Activity Remains In Contraction (AFX)
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PRAG (dpa-AFX) - The Czech Republic's manufacturing activity deteriorated at the fastest pace in three months in May amid a renewed fall in new orders, survey data from S&P Global showed on Monday......
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02.01.25 - 14:12
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Czech Manufacturing Downturn Quickest In 5 Months (AFX)
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PRAG (dpa-AFX) - The Czech Republic's manufacturing activity deteriorated at the fastest pace in five months in December, survey data from S&P Global showed on Thursday.The purchasing managers' in......
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17.12.24 - 10:39
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UK Govt Approves Sale Of Royal Mail To Czech Billionaire (ZeroHedge)
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UK Govt Approves Sale Of Royal Mail To Czech Billionaire
Authored by Thomas Brooke via Remix News,
The British government has approved the £3.6 billion (€4.34 billion) sale of International Distribution Services (IDS), the parent company of Royal Mail, to EP Group, owned by Czech billionaire Daniel Křetínský.
The decision, announced on Monday by IDS on the London Stock Exchange, makes Křetínský the new owner of the historic Royal Mail after 500 years of British ownership.
The government will retain a “golden share” in the company, ensuring its control over key decisions, such as changes to ownership, tax residency, or the headquarters location.
Royal Mail, which employs over 150,000 people, will continue operating under strict conditions agreed upon by EP Group.
These include maintaining its Universal Service Obligation (USO), which guarantees letter delivery six days a week and parcel delivery Monday to Friday across the U.K. at a standard price.
Additionally, the agreement ensur...
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02.12.24 - 21:37
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Czech PMI drops to 46 in November (IntelliNews)
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Czechia manufacturing index PMI compiled monthly by the S&P Global market intelligence company dropped to 46 in November amid another downturn in operating conditions....
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28.11.24 - 14:52
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UniCredit′s Czech and Slovakian unit shifts risk on 1.7 bln euros in loans (Reuters EN)
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UniCredit's Czech and Slovakian unit shifts risk on 1.7 bln euros in loans MILAN, Nov 28 (Reuters) - UniCredit Bank Czech Republic and Slovakia, the Italian bank's subsidiary for the two central European countries, on Thursday said it had signed a deal with a Dutch pension fund to offload risks on 1.7 billion euros ($1.8 billion) in corporate loans. Such transactions are known as "significant risk transfer" deals (SRTs) and have been increasingly used by banks to free up capital by selling risks...
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01.11.24 - 12:56
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Czech Manufacturing Downturn Softens In October (AFX)
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PRAG (dpa-AFX) - The Czech Republic's manufacturing downturn eased in October due to softer falls in both output and new orders, survey data from S&P Global showed on Friday.The purchasing manager......
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25.09.24 - 11:15
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Ukraine Needs To Be "Realistic" And Give Up Territory To Russia, Says Czech President (ZeroHedge)
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Ukraine Needs To Be "Realistic" And Give Up Territory To Russia, Says Czech President
Via Remix News staff,
Czech President Petr Pavel, a former NATO general, has told the New York Times in an interview that Ukraine needs to be “realistic” about its goals in the war and that the most likely outcome of the conflict is that Ukraine will have to concede some territories.
The admission that Ukraine may have to cede territory is especially surprising from Pavel, who the New York Times describes as one of the most steadfast supporters of Ukraine.
“The most probable outcome of the war will be that a part of Ukrainian territory will be under Russian occupation, temporarily,” he said.
However, the “temporary” occupation could last years, according to Pavel, who is currently visiting the U.S.
He cited war fatigue after 19 months of war and that conflict was “growing everywhere.” Under such a scenario, Ukraine “will have to be realistic” about how likely it is to recover territory fro...
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17.09.24 - 15:40
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Versicherer in Tschechien rechnen mit enormen Schäden (DPA-AFX)
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PRAG (dpa-AFX) - Die Versicherer in Tschechien haben eine erste Einschätzung zum Ausmaß der Zerstörung bei der aktuellen Hochwasser- und Flutkatastrophe abgegeben. Man rechne mit versicherten Schäden von umgerechnet etwa 670 Millionen Euro, sagte ein ......
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02.08.24 - 06:49
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Czech PMI worsens to 43.8 in July (IntelliNews)
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The seasonally adjusted Manufacturing Purchasing Managers' Index compiled by market intelligence company S&P Global posted 43.8 for Czechia in July as local manufacturing companies continue to face record downturns....
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