Morten Wierod, the Chief Executive Officer of ABB, the Swiss-Swedish multinational industrial technology giant, has warned that Europe could face mass unemployment unless it urgently deregulates...
German defense contractor Rheinmetall is selling its automotive supplier division to the private equity firm Aequita. Rheinmetall announced on Wednesday that the two companies “signed an...
Woolwich Crown Court in the United Kingdom has reached a verdict in the case concerning the Aug. 6, 2024, raid on Israeli defense firm Elbit Systems’...
The German mechanical engineering sector, severely impacted by a systemic industrial downturn, is increasingly transitioning to defense manufacturing to offset mounting losses and avoid potential insolvency....
Germany is undergoing a massive industrial transformation into a “weapon factory,” according to an analysis by The Wall Street Journal (WSJ). The report indicates that the...
The US Department of Defense is in discussions with the nation’s leading automakers to accelerate munitions production and broaden the defense industrial base, according to reports....
US plastic manufacturers are experiencing a period of historic growth as the conflict involving Iran strains petrochemical supply chains, particularly across Asia. Petrochemical producers in Asia,...
Donald Trump intends to scale back certain tariffs currently levied on steel and aluminum products. Last summer, the US president imposed tariffs of up to 50%...
Beijing’s unannounced policy to block Chinese firms from pursuing new investments in Israel has been brought to light by a lawsuit filed by Kibbutz Hanita against...
China’s export growth slumped to its weakest pace in six months as shipments to the US fell rapidly. Overseas sales rose 4.4% year-on-year to $322 billion...
