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BERLIN (Reuters) -German defence electronics group Hensoldt will invest around 1 billion euros ($1.17 billion) within the next two years to help meet the massive uptick in orders coming from the German government, CEO Oliver Doerre said on Thursday evening. The government has been placing orders in quantities “10 to 20 times what we had …

Germany’s Hensoldt to invest $1.2 billion to meet large uptick in defence orders Read More »

FRANKFURT (Reuters) -Euro zone consumers raised some of their inflation expectations in August and saw higher income growth in the year ahead, the European Central Bank’s monthly Consumer Expectations Survey showed on Friday.  Median expectations for inflation over the next 12 months rose in August to 2.8% from 2.6% a month earlier while expectations five …

Euro zone consumers lift inflation expectations, ECB survey shows Read More »

FRANKFURT (Reuters) -The European Central Bank said on Friday it would conduct new experiments next year about what could be achieved through a digital euro, in a further step for a project it sees as key for preserving the euro zone’s financial autonomy from the United States. The ECB said this year’s experiments with the …

ECB to conduct new digital euro experiments next year Read More »

OSLO (Reuters) -Norway’s DNO has no immediate plans to ship oil through the Iraq-Turkey pipeline that is about to restart after a two-year suspension, the company said on Friday, and will continue to sell directly to Iraq’s semi-autonomous region of Kurdistan. Two Iraqi oil ministry officials told Reuters on Thursday the link from Iraq’s Kurdistan …

Norway’s DNO will not use newly opened pipeline from Iraq’s Kurdistan Read More »

COPENHAGEN (Reuters) -Norwegian Air Shuttle said on Friday it had exercised an option to buy an additional 30 Boeing 737 MAX 8, bringing its total firm order to 80 aircraft. “This milestone aircraft order is on attractive terms and secures our fleet growth in a way that supports our planned growth and sustainability targets,” CEO …

Norwegian Air to buy an additional 30 Boeing 737 aircraft Read More »

By Sabine Siebold BERLIN (Reuters) -European missile maker MBDA could increase production capacity of Patriot air defence missiles at a new plant in Germany if orders cross “a certain threshold” and has the technical expertise to manufacture launchers for the system, the managing director of its German unit told Reuters. Patriot, developed by U.S. defence …

Missile maker MBDA says it has expertise to make Patriot launchers in Germany Read More »

By Seher Dareen and Ahmad Ghaddar LONDON (Reuters) -OPEC+ has delivered about three quarters of the extra oil output it targeted since the group started production hikes in April, and the level may fall closer to half later in the year as producers hit capacity limits, sources and analysts said and data showed. OPEC+, which produces …

OPEC+ is poised to slip further below oil output target Read More »