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EU defence
Rheinmetall chief urges Europe to build defence tech champions
...by the end of 2024....
April 1, 2024
ExplainerWar in Ukraine
Why Germany’s Taurus is Europe’s most-wanted long-range missile
...The plants in the Bavarian town of Schrobenhausen are only carrying out refurbishments of sold missiles. Analysts estimate that each missile costs about €1.5mn, depending on the size of the order....
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
...support by the bloc to “European defence projects of common interest”....
March 20, 2024
Special ReportFT 1000: Europe’s Fastest Growing Companies
Made in Europe faces mixed fortunes
...However, at superyacht maker The Italian Sea Group, chief executive Giovanni Costantino has not felt the impact of the cost of living crisis that has enveloped much of the continent....
March 25, 2024
ReviewTelevision
Ripley — 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
News updates from March 7: Sweden joins Nato; Powell says Fed ‘not far’ from having confidence to cut rates
Airport strikes hit Lufthansa profits
...Growing instances of strikes by airport personnel have hit Lufthansa’s profits, causing the German carrier to lower its full-year outlook on margins....
March 7, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
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’
...in the wake of the second world war and rebuild its military powers....
March 14, 2024
Tesla Inc
Tesla evacuates German plant after suspected arson attack triggers power cuts
...“We sabotaged Tesla today,” the group said, according to German news agency DPA. Police said they had been informed of the fire, in the district of Gosen Neu Zittau, at 05:15 local time....
March 5, 2024
Deutsche Lufthansa AG
Lufthansa profit growth outlook clouded by labour disputes
...The company proposed a dividend of 30 cents per share — its first since the pre-pandemic year of 2019....
March 7, 2024
Porsche AG
Porsche warns of profit squeeze from investment in new models
...The company confirmed the launch of a mainland Chinese investment fund in partnership with CICC, which is partially owned by the Chinese state. The fund has $119mn of capital, according to PitchBook....
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
...Here to talk about some of the headwinds German car companies are facing is the FT’s Frankfurt correspondent, Patricia Nilsson. Hey, Patricia. Patricia Nilsson Hello....
January 29, 2024
War in Ukraine
French defence companies to put down roots in Ukraine
...Nexter, the French part of KNDS, said it had been in discussions to find a local partner since September to “bring maintenance and eventually production” closer to the front lines....
March 8, 2024
Volkswagen AG
VW considers partnership to produce mass market electric vehicles
...by the end of the decade....
March 13, 2024
FT Live
Business Book of the Year Award 2024
The search for the best business book is under way
Monday, 9 December1 Grosvenor Pl, London SW1X 7HJ, UK
Aerospace & Defence
European defence groups warn over reliance on Chinese cotton used in gunpowder
...“The shortage just highlights the need to strengthen the responsiveness and ability of the European Union’s defence industry to ensure the timely supply of ammunition and missiles in Europe.”...
April 8, 2024
IPOs
German defence contractor Renk revives IPO plans
...Chief executive Susanne Wiegand at the time said Renk’s order book was a sign of “the relevance of and demand for our products in both the defence and civil domain”....
February 5, 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
Thyssenkrupp AG
Thyssenkrupp cuts full-year sales and profit guidance
...Shares in the company fell more than 10 per cent in morning trading and have lost more than a quarter of their value in the past six months....
February 14, 2024
MBA
How an MBA helped save a china dynasty
...The secret technique of making jun porcelain was lost for hundreds of years due to war but, then, in 1879 my ancestors cracked the code after more than 30 years of trying....
February 11, 2024
Aurubis AG
Aurubis sacks top executives after metal thefts
...Aurubis said the three executives were “taking accountability [ . . . ] of the serious cases of fraud and theft at the Hamburg plant and incidents in occupational safety”....
January 23, 2024
German politics
Large protests in Germany against far-right political party
...Germany was hit by a weekend of demonstrations after hundreds of thousands of people gathered around the country to protest against the far-right Alternative for Germany party....
January 21, 2024
BASF SE
BASF extends cost cuts by €1bn as demand for chemicals falls
...The chemicals industry, which sits at the start of a vast number of companies’ supply chains, is seen as a bellwether for industrial production, adding to concern among German politicians and executives...
February 23, 2024
The Big Read
How Germany’s steelmakers plan to go green
...Russia’s invasion of Ukraine is not the only factor pushing the cost of gas and other fossil fuels higher....
February 25, 2024
BASF SE
BASF earnings fall on higher costs and slowing demand
...BASF’s navigation of the challenges facing the industry in Europe, where energy prices have shot up since Russia’s invasion of Ukraine, will be key to the region’s ecosystem of small and medium-sized chemical...
January 19, 2024

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