Pernod Ricard Lowers Guidance on Economic, Geopolitical Uncertainties
The maker of Absolut Vodka anticipates a low single-digit decline in organic net sales for the year ending June and its aiming to sustain its organic operating margin. It had previously forecast a return to sales growth for fiscal 2025.
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Chicago Tribune
23 minutes ago
- Chicago Tribune
Column: Germany is stepping up in European leadership
News regarding Europe is preoccupied with the Ukraine war and the latest Washington surprises, but other developments are important. Among the most important is the positive, effective leadership role of Germany. On July 17, the Kensington Treaty was signed by German Chancellor Friedrich Merz and British Prime Minister Keir Starmer in London. The new treaty deepens cooperation in defense, migration, trade and other matters. Merz also called for greatly increased cooperation between the two nations and France. This is a complement to the new Anglo-French agreement to coordinate nuclear weapons strategy. Historically, Britain has been closely tied to the United States in that regard. Historically as well, France was distinctive for the pursuit of policies independent of Washington regarding nuclear weapons and other matters. Conflict reached a height of intensity during the Kennedy administration, when an assertive American president figuratively collided directly with imperious President Charles de Gaulle of France. Recent years have brought steady, low-key reconciliation across the Atlantic. In 2009, France rejoined NATO after dramatically rejecting the organization, and forcing NATO headquarters out of Paris, in 1966. Chancellor Merz also scored a diplomatic success with his visit to President Donald Trump at the White House on June 5. In contrast to the disastrous meeting between embattled President Volodymyr Zelensky of Ukraine and Trump, the session with Merz was calm, friendly and productive. Given the volatile nature of the U.S. leader, this is a well-deserved tribute to the interpersonal skill, personal discipline and human insight of Germany's head of government. In very concrete terms, Germany is demonstrating leadership of Europe and the larger Atlantic area alliance in creating the path to greater defense spending. This expands support of Ukraine in the continuing brutal war with Russia. Germany's defense spending is projected to rise from 95 billion euros in fiscal 2025 to 162 billion euros in fiscal 2029. Trump suggested sending Patriot missile defense systems to Germany so that the systems already in that nation's possession could be forwarded to Ukraine. This is significant given the U.S. leader's past negative words about NATO. Generally at least, Germany leading the way in increasing defense spending, joined by other members of the alliance, helps U.S. companies and therefore our own economy. A total of 63% of Europe's weapons and related military needs are supplied by U.S. defense companies. Where corporate profits and the business bottom line in military matters are concerned, the concept of differences between the two sides of the Atlantic Ocean is blurred. The belief that the U.S. is being taken advantage of by European nations is a prominent theme of the Trump administration. Actually, complaints about European allies failing to spend more on defense date back to debate over goals established in 1952 at a conference in Lisbon Portugal. Yet, during the Cold War, 300,000 U.S. forces in Europe were supported by host governments. Most fundamentally, Germany's success and positive leadership today indicate Europe overall has moved beyond the ideologies that were so destructive in the 20th century. `Communism took root in Imperial Russia, aided by Germany, and succeeded thanks to the enormous costs of World War I and the chaotic aftermath. Threat of communism, along with awful economic misery, spawned fascism and Nazism, and World War II. Finally, the advance of communism helped generate the Cold War. Dedication and discipline of earlier U.S. leaders were crucial to ultimate victory in the World Wars and the Cold War. Democratic Germany is a particularly important consequence.
Business Wire
2 hours ago
- Business Wire
Arverne Group Accelerates Skills Development to Structure the Geothermal Energy Sector
PAU, France--(BUSINESS WIRE)--Regulatory News: Arverne Group (ISIN code: FR001400JWR8, mnemonic code ARVEN), announces a €396,585 grant over three years (2025–2027) from the Nouvelle-Aquitaine Region, with support from the European Social Fund, to strengthen training in geothermal drilling - a strategic and high-demand profession. This grant is part of the call for projects 'Support and Anticipation of Economic Transformations and Training for the Employed Workforce.' It will enable Arverne Drilling Services, a subsidiary of the Group, to implement an ambitious program focused on knowledge transfer and continuous professional development. Already actively involved in the field, the Group is carrying out numerous concrete initiatives in internal training, mentoring, and professional retraining, aimed at strengthening employee skills and supporting career transitions into technical roles in the geothermal sector. The announced grant supports this existing momentum by taking it to a new level. "Drilling is a strategic expertise we have been developing since the Group was founded. By strengthening this key expertise, Arverne — the only integrated supplier of geothermal solutions in France — is actively contributing to the structuring of the geothermal sector and supporting its scaling up." said Pierre Brossollet, founder and CEO of Arverne Group. *** About Arverne Group Arverne Group specializes in harnessing underground resources to transform them into environmentally friendly, local and renewable energy, contributing to the prosperity of local communities. As an integrated industrial player, Arverne Group spans the entire underground value chain, from exploration to drilling and production to sales to end-users. Arverne Group aims to become the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium. Founded in Pau in 2018, Arverne Group has structured its business activities around several subsidiaries, notably Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on Euronext Paris (ISIN FR001400JWR8, symbol ARVEN).
Business Upturn
4 hours ago
- Business Upturn
No proposal for Denzel Dumfries; Barca focus on Jules Koundé's new deal
Barcelona are focused on Jules Koundé's new deal and feel he along with Eric Garcia can be a great option at Right-back for next season. By Ravi Kumar Jha Published on July 22, 2025, 19:03 IST Barcelona are focused on Jules Koundé's new deal and feel he along with Eric Garcia can be a great option at Right-back for next season. Barcelona have been offered Denzel Dumfries whose release clause of €25 million is valid until July 31. Barcelona aren't making any contacts with Inter Milan for the right-back as they have prioritised Koundé's new deal. Barcelona are currently focused on securing a new contract for Jules Koundé, viewing the French defender as a key part of their future plans. The club believes Koundé, alongside Eric Garcia, can form a reliable right-back pairing for the upcoming season, reducing the urgency to pursue reinforcements in that position. Despite being offered Inter Milan's Denzel Dumfries — who is available for €25 million until July 31 due to a release clause — the Catalan giants have shown no interest in opening talks. Instead, all efforts are being channelled towards finalising Koundé's extension, a move that underlines the club's trust in his versatility and long-term value. Eric Garcia, who spent last season on loan at Girona, has also impressed the coaching staff, further strengthening Barcelona's belief that internal solutions can address their defensive needs. While Dumfries remains on the market, Barcelona are not expected to shift focus from their current plan. Ahmedabad Plane Crash Ravi kumar jha is an undergraduate student in Bachelor of Arts in Multimedia and Mass Communication. A media enthusiast who has a strong hold on communication and he also has a genuine interest in sports. Ravi is currently working as a journalist at
