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EU defence
Rheinmetall chief urges Europe to build defence tech champions
...“A big task for the next US president will be to bring the two parties more together. It’s bad if the biggest economy in the world — and the biggest defence power — is a split nation.”...
April 1, 2024
ExplainerWar in Ukraine
Why Germany’s Taurus is Europe’s most-wanted long-range missile
...The missile is also powered by a turbofan engine, which blows in more air, giving it a longer range than the turbojet engine-powered Storm Shadow/Scalp-EG missiles....
March 15, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
EU defence
Defence CEO calls for European version of Israel’s Iron Dome
...“I also think that it is a good idea to have a European solution similar to Iron Dome and beyond,” he told the Financial Times....
March 20, 2024
Special ReportFT 1000: Europe’s Fastest Growing Companies
Made in Europe faces mixed fortunes
...“For a lot of years, it wasn’t obvious that it would work out — it was a very long overnight success story.”...
March 25, 2024
The best of TV and streaming this week
Ripley review — Andrew Scott is a calculated operator in new Netflix series
...The new eight-part Netflix series — like Anthony Minghella’s 1999 film, The Talented Mr Ripley — is based on Patricia Highsmith’s novel about a chameleonic conman....
April 4, 2024
ReviewNon-Fiction
Why women need to talk about porn
...Women on Porn by Fiona Vera-Gray Torva £18.99, 320 pages Porn: An Oral History by Polly Barton Fitzcarraldo £13.99, 368 pages Patricia Nilsson is the FT’s Frankfurt correspondent and is writing a book...
March 6, 2024
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
Rheinmetall AG
Rheinmetall forecasts record sales amid Europe’s ‘changing threat situation’
...Operating profits rose by 19 per cent to a record €918mn....
March 14, 2024
Deutsche Lufthansa AG
Lufthansa profit growth outlook clouded by labour disputes
...The results cap a mixed set of earnings for Europe’s three leading long-haul airline groups, which have all profited from a travel boom over the past 12 months....
March 7, 2024
Tesla Inc
Tesla evacuates German plant after suspected arson attack triggers power cuts
...Tesla has paused production and evacuated its only European car manufacturing plant after a suspected arson attack on a nearby electricity pylon caused widespread power cuts....
March 5, 2024
Porsche AG
Porsche warns of profit squeeze from investment in new models
...Porsche warned that its profits would be squeezed this year as the luxury sports-car maker prepares for a costly launch of new models, including a hybrid version of its 911....
March 12, 2024
News updates from March 14: Chuck Schumer calls for Netanyahu’s replacement; China hits out at US push to ban TikTok as Steven Mnuchin plots bid
Rheinmetall expects record profits amid ‘changing threat’ in Europe
...The world’s largest maker of artillery ammunition on Thursday said 2024 sales were expected to reach a record €10bn, compared with the €7.2bn it booked in 2023....
March 14, 2024
Transcript
Transcript: The challenges to a ceasefire in Gaza
...Joanna Kao Patricia Nilsson covers German industry for the FT. Thanks, Patricia. Patricia Nilsson Thank you....
January 29, 2024
War in Ukraine
French defence companies to put down roots in Ukraine
...“We are without doubt facing a time in Europe when we cannot be cowardly,” he said in a recent speech in Prague....
March 8, 2024
Volkswagen AG
VW considers partnership to produce mass market electric vehicles
...Chief financial officer Arno Antlitz said it was “so difficult to make money in such a segment”....
March 13, 2024
Aerospace & Defence
European defence groups warn over reliance on Chinese cotton used in gunpowder
...Cotton linters, a byproduct and a primary ingredient needed to produce nitrocellulose, are used in artillery shells and other explosives....
April 8, 2024
FT Live
Commodities Asia Summit
Enabling decarbonisation in a time of disrupted trade flows
Wednesday, 6 NovemberSingapore
News updates from February 14: UK inflation holds steady, Uber debuts $7bn share buyback
Thyssenkrupp cuts profit forecast as steel demand slows
...A €200mn impairment in its steel business, as a result of high interest rates hitting capital costs, prompted the company to abandon its previous forecast of a full-year net income “in the low to mid three-digit...
February 14, 2024
Aurubis AG
Aurubis sacks top executives after metal thefts
...Europe’s largest copper producer Aurubis has dismissed three of its top management, including the chief executive, following a scandal involving a string of metal thefts....
January 23, 2024
IPOs
German defence contractor Renk revives IPO plans
...The hostilities prompted German chancellor Olaf Scholz to announce a historic reversal of the country’s decades-long pacifist policies....
February 5, 2024
Thyssenkrupp AG
Thyssenkrupp cuts full-year sales and profit guidance
...It has also been under pressure to reduce debts that it amassed partly because of a 2005 investment in a Brazilian steelmaking business that cost the company €8bn in losses....
February 14, 2024
MBA
How an MBA helped save a china dynasty
...My home town is famous for its jun porcelain — a very old type that stems from the Song dynasty about 1,000 years ago and is known for changing colour when heated in a kiln....
February 11, 2024
BASF SE
BASF extends cost cuts by €1bn as demand for chemicals falls
...The group reported a 21 per cent drop in sales to €68.9bn and a 29 per cent fall in earnings before taxes, interest, depreciation and amortisation and special items, to €7.7bn....
February 23, 2024
German politics
Large protests in Germany against far-right political party
...“After 1933, there was a time when the economic and social elite could still have taken a position against the course of the Nazi regime,” the former Siemens chief executive said....
January 21, 2024
The Big Read
How Germany’s steelmakers plan to go green
...“That’s a lot,” she says....
February 25, 2024
News updates from February 23: Nvidia market value briefly tops $2tn, Navalny’s mother refuses Russian ultimatum
BASF to cut costs by an extra €1bn on low demand
...“Our teams delivered a positive earnings contribution in all significant countries — with the exception of Germany,” said chief executive Martin Brudermüller....
February 23, 2024
News updates from January 19: S&P 500 closes at record high, Ford cuts production of electric truck
Sales and profits fall at BASF
...Sales and profits tumbled at BASF last year, as the world’s biggest chemicals group struggled with high energy prices and a slowdown in global demand....
January 19, 2024

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