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Board of Spain's Sabadell bank rejects BBVA takeover bid
Board of Spain's Sabadell bank rejects BBVA takeover bid
by  AFP

Spanish bank Sabadell on Friday said its board had rejected larger national rival BBVA's hostile takeover bid and urged shareholders to shun it as the clock ticked down on their final decision. Believing the takeover "destroys value for Banco Sabadell shareholders", the board "unanimously rejects the offer and therefore considers that the best option for shareholders... is not to accept it".

UK economy stalls in July
UK economy stalls in July
by  AFP

Britain's economy stagnated in July, official data showed Friday, dealing another blow to the Labour government at the end of a turbulent week for Prime Minister Keir Starmer.

US tariffs deal stokes 'monster' pick-up fears in Europe
US tariffs deal stokes 'monster' pick-up fears in Europe
by  AFP

Considered powerful, heavy-duty vehicles by their fans and dangerous gas-guzzling "monsters" by detractors -- could large pick-up trucks, long a staple on US roads, be about to roam in greater numbers across Europe?

Ukraine's energy strikes hit Russians at the pump
Ukraine's energy strikes hit Russians at the pump
by  AFP

Watching the price tick higher as he filled up his car, Russian pensioner Oleg railed against the recent surge in petrol prices, pushed higher by Ukrainian strikes on Russia's oil infrastructure. Over the summer, a wave of strikes hit processing capacity at several key facilities, pushing fuel prices higher and leading to shortages.