Patricia A Downs

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

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

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

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

Deutsche Lufthansa AG

Lufthansa profit growth outlook clouded by labour disputes

...Analysts at Bernstein cautioned that yields — a proxy for airfares — “seem to have slightly softened” at Lufthansa, as they stood at 22 per cent above 2019 levels in the fourth quarter, down from 25 per...

March 7, 2024

FT Live

Financial Times @COP

FT Live events coinciding with COP

Porsche AG

Porsche warns of profit squeeze from investment in new models

...The German group on Tuesday said it expected an operating margin of between 15 and 17 per cent for this year, down from 18 per cent in 2022 and 2023....

March 12, 2024

ReviewTelevision

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

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

Thyssenkrupp AG

Thyssenkrupp cuts full-year sales and profit guidance

...It wrote down its steel business — Germany’s largest — by a further €200mn, adding to the €2.1bn writedown it booked in November because of high prices for gas and other raw materials....

February 14, 2024

Transcript

Transcript: The challenges to a ceasefire in Gaza

...In response, Brussels has drafted a strategy to shut down all EU funding to Budapest. The goal is to reduce investor confidence in Hungary’s markets and hurt their currency....

January 29, 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

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

BASF SE

BASF earnings fall on higher costs and slowing demand

...BASF has also announced a permanent downsizing of its plant in Ludwigshafen, instead doubling down on a big bet on China, where it is currently building a €10bn state-of-the-art petrochemicals plant....

January 19, 2024

FT Live

Climate Capital Live

The leading global platform for climate science, finance and business

Aurubis AG

Aurubis sacks top executives after metal thefts

...In what the company called a “phased exit”, Arnold will leave the group in February, Verhoeven in June and Harings — who has headed the metal recycler since 2019 — is to step down in September....

January 23, 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

Waste management & recycling

Fraud rocks global recycling and metals industry

...devices, for example, are usually first collected by local authorities or manufacturers, which then pass them on to companies that do the dismantling and so-called pre-processing, where materials are chopped down...

January 18, 2024

The Big Read

How Germany’s steelmakers plan to go green

...By 2033, the steelmaker plans to have shut down each of its three units for good....

February 25, 2024

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

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

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

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

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

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