
Germany Sees Record Curtailment of Solar and Wind in First Half
About 8% of solar energy was deliberately cut in the period, more than double the amount a year earlier, according to data provider LSEG. Wind power was reduced by 5.3%.
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Google (GOOGL) Pledges Support for EU AI Rules While Warning Against Overregulation
Alphabet Inc. (NASDAQ:) is one of the . On July 30, Alphabet Google's global affairs president said in a blog post that it will sign the European Union's code of practice to help companies comply with the bloc's landmark artificial intelligence rules. The voluntary code of practice strives to offer legal certainty to signatories on how to meet requirements under the Artificial Intelligence Act (AI Act). 'We do so with the hope that this code, as applied, will promote European citizens' and businesses' access to secure, first-rate AI tools as they become available.' -Kent Walker, who is also Alphabet's chief legal officer. In other news, CNBC reported how Google executives are pushing their employees to be innovative with their use of artificial intelligence as the tech giant looks for ways to cut down costs. CEO Sundar Pichai and executive Brian Saluzzo conveyed the message at a meeting last week. 'Anytime you go through a period of extraordinary investment, you respond by adding a lot of headcount, right? But in this AI moment, I think we have to accomplish more by taking advantage of this transition to drive higher productivity.' Alphabet announced in its earnings report last week that it plans on spending spend $85 billion on capital expenditures in 2025, up from the previous $75 billion. 'We are competing with other companies in the world. There will be companies which will become more efficient through this moment in terms of employee productivity, which is why I think it's important to focus on that.' Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Must-Watch AI Stocks on Wall Street and Disclosure: None. Sign in to access your portfolio
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DSV AS (DSDVF) Q2 2025 Earnings Call Highlights: Navigating Market Challenges with Strategic ...
Gross Profit (GP): Increased despite market challenges; Schenko contributed 925 million for two months. Synergies: Expected to deliver 500 million this year from Schenko integration. Transaction Costs: Estimated at 2 to 2.5 billion for the year. Net Interest Cost: Increased due to Schenko acquisition. Cash Flow: Nearly 4 billion in the quarter; 76 billion paid for Schenko business. Net Working Capital: Reduced to 2.4% of revenue. Debt Ratio: Gear ratio around 3, ahead of expectations. EBIT Guidance: Reiterated full-year guidance between 9.5 and 21.5 billion. Warning! GuruFocus has detected 11 Warning Signs with FRA:E0E. Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points DSV AS (DSDVF) reported solid financial performance despite challenging market conditions, with growth in gross profit (GP) driven by the integration of Schenker. The company maintained its full-year outlook, indicating confidence in its strategic direction and operational resilience. DSV AS (DSDVF) successfully negotiated a constructive agreement with the German Works Council, paving the way for smoother integration of Schenker employees. The integration of Schenker is on track, with expected synergies of 500 million this year, contributing to long-term growth. DSV AS (DSDVF) has a strong cash flow position, with nearly 4 billion generated in the quarter, supporting its financial stability and strategic initiatives. Negative Points DSV AS (DSDVF) missed its guidance slightly due to foreign exchange fluctuations, impacting financial results. The road and contract logistics segments underperformed, with significant losses in Schenker's US operations and challenges in the German, UK, and Norwegian markets. The company faces higher transaction and integration costs, with expectations to spend over 2 billion this year. There is uncertainty regarding the full realization of synergies, with only 75% expected by the end of 2027, indicating potential delays. DSV AS (DSDVF) anticipates a higher tax rate during the integration period, affecting net earnings. Q & A Highlights Q: Can you provide an update on customer attrition and the impact of FX on your financials? A: Michael Ebbe, CFO: We have a hedging policy in place for up to 6 months, which helps mitigate FX impacts. We don't foresee an acceleration in FX losses. Jens Lund, CEO: We've intensified our dialogue with customers, which has been positively received. We are focused on maintaining GP rather than just volume, and we are confident in achieving a solid outcome. Q: Could you share details on the agreement with the German Works Council and why synergies are expected to take until 2027? A: Jens Lund, CEO: The agreement involves compensation factors for employees, and we are currently working on optimizing operations in Germany. The timeline for synergies is due to the complexity of infrastructure consolidation, but we are working to accelerate this process. Q: What scenarios could lead to a year-over-year decline in EBIT in the second half? A: Jens Lund, CEO: The guidance reflects current uncertainties, including geopolitical factors and integration challenges. While volumes have shown some improvement, the European economy remains a concern. We will reassess the guidance in the next quarter. Q: Can you explain the differences in yield between Schenker and legacy DSV, and the impact of US contract logistics headwinds? A: Jens Lund, CEO: Schenker's yields are lower due to different operational focuses, such as less emphasis on own box volumes. We are aligning operations to improve yields. In the US, a significant site loss has been addressed, reducing deficits from $8 million to $1-2 million for the rest of the year. Q: What are your plans for IT systems post-acquisition, and could share buybacks occur earlier than expected? A: Michael Ebbe, CFO: We are on track with synergies and hope to accelerate share buybacks. Jens Lund, CEO: For IT, we are evaluating Schenker's platform, which is more modern and cost-effective. We aim to integrate systems efficiently to control costs and improve operations. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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an hour ago
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Ireland: Privately-Owned Thurles Racecourse Closed
Ireland: Privately-Owned Thurles Racecourse Closed originally appeared on Paulick Report. Thurles Racecourse, the only privately owned racecourse in Ireland, has closed with immediate effect, reports Racecourse holds both flat and jumps races, and provides the course for schooling in the winter, reports Racing Post. The track held its first races in 1732, and has been owned by the Molony family for over a century. The remainder of its race fixtures have been canceled."We're going to enjoy this time together and relax now the decision is made and the news is out before we consider our options," track owner Riona Molony said in a statement."Horse racing is part of the fabric of our family, and we have been very fortunate to have made so many great friends within the industry over the years. My family and I look forward to going racing with you again, as spectators." According to Racing Post, this is the first racecourse to close in Ireland since Tralee in more at This story was originally reported by Paulick Report on Aug 1, 2025, where it first appeared.