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Schneider Electric shares plunge on record $22.6bn PTC deal
French energy technology group Schneider Electric has signed a definitive agreement to acquire Boston-based PTC for $22.6bn (€20.1bn) to expand its industrial AI business. The French company's shares plummeted on Monday following the announcement.
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Europe News
European Parliament's report tightens investment conditions in the EU
The European Parliament’s rapporteurs on the proposed Industrial Accelerator Act are closing the EU market to Chinese investment in sectors where Beijing is dominant, going further than what the European Commission suggested.
Business
Euroviews. STIHL chief: Reforms — this is how we can retain our prosperity
Germany's economy has been in crisis for years, writes Nikolas Stihl in an OpEd for Euronews. Better business conditions are key to breaking the stagnation, he argues — with nothing less than prosperity and the welfare state at stake.
Economy
Germany risks missing gas storage target, threatening industry output
Germany will miss its November gas-storage target if injections continue at their current pace, the country’s storage association has warned. Although there is no immediate gas shortage, low storage levels combined with a very cold winter could threaten industrial production in the country.
Europe News
Brussels asked to make green criteria mandatory in procurement rules
A broad coalition of business and civil society groups is urging the European Commission to introduce mandatory purchasing criteria to create demand for low-carbon products, effectively making procurement part of Europe's industrial strategy.
Europe News
Explainer: What's the EU's carbon market, and why does it matter?
The European Commission proposed revising the bloc's major climate policy, the Emissions Trading System (ETS), on 17 July. Euronews explains what the ETS is, why it is being revised and why it has become an incredibly polarising topic on the EU agenda.