Finance news

1,246 items · filtered by Kanal: defense

Taiwan needs a ‘hornet’s nest’ of drones to deter conflict, US diplomat says

Taiwan says it needs to bolster its defenses in the face of a stepped-up threat from China, which claims the island as its own territory.

◇ unclassifiedusa · europe · china

8d07/03⚠ war-conflict · 3/5

Arms industry: Federal government insists on KNDS going public

The German-French company was scheduled to launch on the stock market in mid-July. This has now been postponed - the federal government is sticking to the project.

◇ unclassifiedgermany · europe

8d07/03

Trump’s Freedom 250 draws corporate sponsors with business before his administration

Companies with federal interests — including Boeing, Lockheed Martin and Oracle — are sponsoring a Trump-aligned effort celebrating America’s 250th birthday.

◇ unclassifiedusa · uk

8d07/03

Armament: Federal government insists on KNDS going public

The prospect of one of the largest European IPOs in the defense sector in recent years is initially clouded. The federal government still insists on the negotiated stock exchange plans.

◇ unclassifiedgermany · europe

8d07/03⚠ war-conflict · 2/5

US touts regional ‘balance’ in missile sale to Singapore. What does it mean?

Washington has recently approved a proposed US$22.3 million sale of additional Hellfire missiles to Singapore, with the US State Department declaring that the transfer and associated arms support “will not alter the basic military balance in the region”. While observers say the sale is a routine purchase by the city state for training and to replenish an advanced arsenal, America’s language on the move signals a broader strategy to strengthen a network of US allies and partners while avoiding...

◇ unclassifiedchina · asia · usa

8d07/03

Armament: Renk expands naval business with takeover

With the acquisition of David Brown Defense, Renk wants to get involved in naval projects in Great Britain, Canada and Australia.

◇ unclassifiedgermany · europe · uk

8d07/03

Armament: South Korea's president comes to the NATO summit

South Korean President Lee Jae Myung is traveling to a NATO summit in person for the first time. There he would like to expand cooperation in the defense industry.

◇ unclassifiedgermany · europe · usa

8d07/03⚠ war-conflict · 3/5

Hong Kong students tour PLA Navy warships for lesson on national defence

Groups of Hong Kong students on Friday had a lesson aboard two PLA Navy warships moored at Stonecutters Island’s Ngong Shuen Chau Barracks on Friday. They toured guided-missile destroyer Nanning and guided-missile frigate Hengyang, which arrived for a five-day port call that started on Thursday. The port call marked the 29th anniversary of the city’s return to Chinese sovereignty on July 1. Pui Kiu College student Jas Xu said stepping into the ship cabins and observing the interior weapon...

◇ unclassifiedchina · asia

8d07/03

Armament: “All that money is driving the industry apart”

Oliver Dörre, head of the defense electronics engineer Hensoldt, on the end of the German-French fighter jet, the unpleasant side effects of the boom - and his role as a bridge builder.

◇ unclassifiedgermany · europe

8d07/03

Business ticker: Renk takes over David Brown Defense and expands marine business

AI boom: Most valuable companies worldwide even more valuable +++ Lockheed Martin is apparently the favorite to take over billions of Ultra Maritime +++ News in the company live blog.

◇ unclassifiedgermany · europe

8d07/03

Armament: Renk takes over British submarine supplier

The defense supplier Renk buys the British gearbox manufacturer David Brown Defense. The Augsburg arms company is thus expanding its marine division.

◇ unclassifiedgermany · europe

8d07/03

Hong Kong duo admit joining pro-independence group ‘out of curiosity’, asylum bid

Two Hong Kong men convicted of violating the Beijing-decreed national security law have said they joined a pro-independence group either to obtain asylum in Canada or “out of curiosity”. Courier Chan Tai-sum, 27, and waiter Ng Chi-tung, 25, pleaded guilty in the District Court on Friday to conspiracy to commit secession for their involvement with Taiwan-based Hong Kong Democratic Independence Union between November 2024 and July last year. Defence lawyers said the pair were both diagnosed with..

◇ unclassifiedchina · asia · usa

8d07/03

Armament start-ups: Investors dream of armaments

The tank manufacturer KNDS is postponing its IPO due to the market environment, while a German start-up is raising more than a billion dollars. Those who dare can win more in the end.

◇ unclassifiedgermany · europe · australia

8d07/03

Armament: Renk apparently before taking over British submarine supplier

According to a media report, the defense supplier Renk wants to take over the British gear manufacturer David Brown Defense. An official announcement could follow on Friday.

◇ unclassifiedgermany · europe

8d07/03

Proposed sexual offences overhaul extensive but advocacy groups cite concerns

Hong Kong authorities’ proposed overhaul of the city’s sexual offence laws has gone further than suggestions made by a law reform body, but some advocates remain concerned over a legal defence loophole. Advocacy groups have welcomed authorities’ proposals to include a list of circumstances that define situations of no consent to a sexual act, as well as adopting gender-neutral wording to cover victims of all genders. But lingering vagueness over a defence claiming an “honest but mistaken” belief

◇ unclassifiedchina · asia · europe

8d07/03⚠ war-conflict · 3/5

Kyiv military chief salutes outgoing US Army commander as war rages in Ukraine

In a farewell message, Syrskyi credited the departing U.S. commander with saving thousands of Ukrainian lives.

◇ unclassifiedusa · europe · germany

8d07/02⚠ war-conflict · 3/5

Which Trump will show up at Nato summit? Odds are it will be the fuming one

The Nato summit beginning on Tuesday in Turkey is expected to be low-key as European members track their progress towards increased defence spending goals and Beijing watches intently from afar. Low-key, that is, with one major caveat. Will the get-along US President Donald Trump show up, or the raging Trump who slammed the alliance, questioned its purpose and threatened repeatedly to take his military and head home? Early indications suggested it would be the raging one. “The United States...

◇ unclassifiedchina · asia · usa

8d07/02⚠ war-conflict · 3/5

Hegseth creates powerful new drone office, pulling authority from the military services

The reorganization is the latest step in Hegseth’s push to field weapons faster.

◇ unclassifiedusa · europe

8d07/02⚠ war-conflict · 3/5

Lithuania moves to end nuclear weapon ban as ‘situation getting worse’

Lithuania’s parliamentary parties have agreed on a plan to lift a constitutional ban on nuclear weapons and foreign military bases in the Baltic nation.

◇ unclassifiedusa · europe · germany

8d07/02

Pentagon continues to ‘struggle’ with key weapons development timelines: GAO

The watchdog’s annual weapons systems assessment revealed new details about high-profile programs, from Air Force One to Army missiles.

◇ unclassifiedusa · europe

8d07/02

Handelsblatt evaluation: Not just Rheinmetall: Insiders are sticking to their convictions when it comes to these stocks

When executive boards and supervisory boards traded shares in their own companies in June, it was noticeable that similar deals had already occurred several times this year. But not just with purchases.

◇ unclassifiedgermany · europe

8d07/02

Australia announces defense industry policy and acquisitions reforms

Australian Defence Minister Richard Marles said the reforms seek to build “a more agile, disciplined and strategically focused Defence organisation.”

◇ unclassifiedusa · europe · australia

8d07/02

Quantum Systems: An injection of billions for the high flyer

The Munich drone manufacturer completes a financing round of $1.2 billion. This means the company is valued at eight billion dollars and is the second most expensive defense start-up in Europe.

◇ unclassifiedgermany · europe

9d07/02

Armament: Cancellation of frigate project weighs on Rheinmetall's outlook

The federal government has discontinued the F126 frigate project. For Rheinmetall, the failure has consequences for the forecast for the second quarter.

◇ unclassifiedgermany · europe

9d07/02⚠ war-conflict · 3/5

Gen. Christopher Donahue relinquishes command of US Army Europe and Africa

U.S. Army Gen. Christopher Donahue relinquished command on Thursday. The Army has not given a reason for the leadership change.

◇ unclassifiedusa · europe · germany

9d07/02⚠ war-conflict · 3/5

Defense startups raid auto and fracking sectors for parts to speed weapons output

Defense tech startups are repurposing automotive chips and pipes used in fracking in an effort to deliver weapons to the Pentagon faster and at lower cost.

◇ unclassifiedusa · europe · russia

9d07/02⚠ war-conflict · 3/5

Russia bombards Kyiv in one of war’s biggest strikes, at least 21 people killed

Multiple explosions shook central Kyiv and reverberated across the capital throughout the night as thousands of residents rushed to bomb shelters.

◇ unclassifiedusa · europe · russia

9d07/02

Alliance defense: US General Donahue resigns: NATO “stronger than ever”

The commander of the US Army in Europe and Africa, General Donahue, says an early farewell - accompanied by a 17-gun salute. He leaves with words of appreciation for the allies in Europe.

◇ unclassifiedgermany · europe

9d07/02⚠ war-conflict · 3/5

US Navy seeks to boost production of new anti-radar missile

Naval Air Systems Command is asking industry whether it is capable of supplying up to 600 Advanced Emission Suppression Missiles per year.

◇ unclassifiedusa · europe · iran

9d07/02

Why the Pentagon is in a hurry to spend $152 billion

The department has already issued guidance to its program offices on how to spend the money before the deadline hits.

◇ unclassifiedusa · europe

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