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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 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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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.
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June 17, 2025
Taiwan has completed its maiden sea test for its first submarine developed domestically on Tuesday. This is a major milestone in a project that aims to strengthen deterrence and protect vital sea routes in case of war. Taiwan, which China claims…
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June 16, 2025
The Ligue 1 club announced on Monday that Luis Castro has been appointed as the new manager of Nantes. He signed a contract for two years with an additional year option, having gained a reputation at the second-tier Dunkerque. Castro has managed Ligue 2 club Dunkerque the last two seasons.
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June 12, 2025
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Former Starbucks CEO Howard Schultz has endorsed the current chief executive Brian Niccol’s turnaround plan for correcting recent challenges at the chain.
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May 16, 2025
Ahn Deuk Geun, South Korea's Minister of Trade and Industry, said that he had met with U.S. trade representative Jamieson Greer on Friday and requested a waiver for Washington's tariffs. Ahn said that the South Korean delegation will visit the…
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May 12, 2025
Fincantieri announced a 53.5% increase in its first-quarter core profits to 154 millions euros ($170.72million), driven by a strong performance in all segments, especially in shipbuilding and increased revenues in defence. Fincantieri, based in Trieste…
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May 6, 2025
Magda Chambriard, CEO of Brazil's state-run oil company Petrobras, stated on Tuesday that the firm is seeking foreign investment to boost its local shipyards. Chambriard, a recent visit to China, has said that Petrobras wants to work with strong shipyards in order to build more ships in China.
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May 5, 2025
Hanwha Ocean, a South Korean shipbuilder, hopes to increase its revenue from overseas naval vessels to 4 trillion won (2.91 billion dollars) by 2030. It also hopes to receive more repair orders from U.S. Navy. After President Donald Trump's executive order to restore U.S.
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April 29, 2025
Petrobras, the Brazilian state-owned energy giant, said that it was looking to attract new Chinese investment to Brazil's oil, gas and naval sectors, particularly, on Tuesday as its Chief executive Magda Chambriard visited the Asian country.
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April 28, 2025
Maeil Business Newspaper reports that the state-run Korea Development Bank of South Korea plans to sell its Hanwha Ocean shares. The newspaper, without citing any sources, reported that KDB planned to divide its 19,5% stake in the shipbuilder after a bookbuilding on Monday.
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April 25, 2025
The Dutch prosecutor said that they summoned Damen Shipyards, a shipbuilder in the Netherlands, on suspicion of violating EU Sanctions against Russia. They also opened a separate corruption case against Damen Shipyards and its top executives. The company denied the accusations.
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April 25, 2025
According to a congressional aide and a document, Republicans in the U.S. Congress are planning to introduce a sweeping 150 billion dollar defense package. This will provide an initial boost of $27 billion to President Donald Trump’s controversial Golden Dome shield missile defense system.
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April 9, 2025
Cheong In Kyo, South Korea's top Trade Envoy, said that President Donald Trump's tariff reprieve has provided room for negotiation as the country tries to reduce tariffs by talks. The trade ministry reported that Cheong had met with U.S. Trade…
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April 15, 2025
Officials and executives say that the U.S. still has controls on exports of sensitive defence products, which were relaxed last year for AUKUS partner Australia. This is a barrier to collaboration between defence industries on U.S. Virginia class sub production.
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April 7, 2025
The companies announced on Monday that Huntington Ingalls, a U.S. military shipbuilder, and HD Hyundai Heavy Industries of South Korea have signed an agreement exploring opportunities to increase production for commercial and defense projects.
