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August 8, 2025
Thyssenkrupp shareholders will vote on Friday on the planned spin-off its defence division, amid expectations that its value may increase due to a radical change in European defence spending. NATO members in Europe are increasing their defense budgets as a response to Donald Trump's stance.
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August 5, 2025
In just a few minutes, a new anti-drone Greek system showed what it was capable of. Centauros, a system developed by the European Union, was tested in the Red Sea last year. It detected and quickly destroyed two aerial drones fired by Yemeni…
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August 4, 2025
Richard Marles, Australia's Deputy Prime Minister, said that Mitsubishi Heavy Industries of Japan will be delivering Australia's new A$10 Billion ($6.5 Billion) navy frigate program. He said that the deal showed Canberra's "focus" on "investing…
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July 31, 2025
Huntington Ingalls, a U.S.-based military shipbuilder, reported results for the second quarter that were above Wall Street expectations on Thursday as production issues at its shipyards eased and submarine demand grew. In premarket trading, the company's stock rose by about 5%.
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July 31, 2025
South Korean Finance minister Koo Yun Cheol stated on Thursday that the U.S.-South Korea tariff agreement hinged on a partnership package for shipbuilding titled "Make America Shipbuilding Great Again". Koo stated that South Korean shipbuilders…
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July 30, 2025
Fincantieri, an Italian shipbuilder, reported on Wednesday that its core profits grew by 45% and revenues by 24% in the first six months of 2025. The key defence and undersea businesses saw particularly strong growth. The order book of the company…
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July 30, 2025
Seoul reported on Wednesday that three South Korean cabinet officials met U.S. commerce secretary Howard Lutnick for trade discussions in Washington. Top business leaders are also reportedly flying in to lobby for an agreement on U.S. Tariffs.
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July 29, 2025
A senior South African diplomat stated on Tuesday that U.S. requirements on domestic affirmative actions policies are complicating efforts to achieve a trade agreement, just days before a tariff of 30% on South African exports into the U.S. comes into effect.
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July 29, 2025
Koo Yun Cheol, South Korean Finance minister, said on Tuesday that he will seek a trade agreement with mutual benefits when he meets U.S. Treasury Sec. Scott Bessent this week for discussions. This is just days before the August 1 deadline to avoid tariffs expires.
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July 23, 2025
These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. Melanie Joly, Federal Industry Minister, says that Canada can excel in…
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July 21, 2025
The UK imposed new sanctions Monday on Russia's "shadow fleet", which includes 135 oil tanks, as well as two Russian companies: shipping company Intershipping Services LLC, and oil trader Litasco Middle East DMCC. The British government says…
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July 18, 2025
Two sources with knowledge of the matter have confirmed that Fincantieri, an Italian company, is set to hire Eugenio Santagata to lead its defence division. He was previously a top executive in Telecom Italia’s cybersecurity unit Telsy and a former military official.
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July 15, 2025
According to two sources who are familiar with these moves, two senior officials have left the White House National Security Council in the last few days. This is the latest departures from a body which has seen its size reduced dramatically in the past months.
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July 11, 2025
A senior official of the Seoul trade ministry told reporters on Friday that the U.S. demanded South Korea to join its efforts in trade negotiations with China to limit China's influence. The countries are currently discussing cooperation in shipbuilding.
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July 9, 2025
The Wall Street Journal reported Wednesday that the Italian candy company behind Ferrero is close to a $3 billion deal with WK Kellogg. This was based on the reports of people familiar with this matter. After the bell, shares of WK Kellogg (the…
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July 2, 2025
Handelsblatt, citing sources within the German government, reported that there are no current plans for the new government to acquire a stake in Thyssenkrupp’s defence division TKMS. According to the report the Chancellery and the Ministries…
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June 28, 2025
Mazagon Dock Shipbuilders, a state-owned company in India, said that it would purchase a controlling interest in Colombo Dockyard of Sri Lanka in a deal worth not more than $52,96 million in order to expand its shipbuilding business. According to a Friday regulatory filing…
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June 27, 2025
Hanwha Ocean, a South Korean shipbuilder, announced on Friday that it had added a comprehensive finance deal to its bid to sell submarines to Poland. Poland wants to purchase three submarines as part of its "Orka", programme, to expand its military…
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June 26, 2025
The shares of European defence companies rose on Thursday, after NATO leaders supported the demand for increased defence spending by U.S. president Donald Trump on Wednesday. At 0814 GMT on Friday, German company Rheinmetall, and Italian Fincantieri…
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June 20, 2025
Thyssenkrupp's CEO Miguel Lopez received a five-year extension, the German conglomerate announced on Friday. The company also set a date in the summer for an extraordinary general assembly to allow shareholders to approve the planned listing.
