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STOCKHOLM (Reuters) -With a rise in defence spending by European countries, many defence technology startups are seeing robust growth, supported by their founders’ military experience. Below is a list of some of these startups in the region: QUANTUM SYSTEMS The German drone startup was founded by Florian Seibel, a former officer in the German Armed …

Factbox-What are some of the European defence startups founded by military vets? Read More »

By Maria Martinez BERLIN (Reuters) -The Leibniz Institute for Economic Research RWI cut its economic outlook for Germany, warning on Thursday that growth in Europe’s biggest economy is increasingly reliant on government spending as private investment stays weak. RWI now expects GDP to expand by 0.2% in 2025, with growth of 1.1% in 2026 and …

Germany’s RWI trims growth outlook, flags reliance on state spending Read More »

By Maria Martinez BERLIN (Reuters) -Germany’s economy is set to tread water this year despite firmer sentiment, with gross domestic product expected to edge up by 0.1% after two years of contraction, according to forecasts published by the Kiel Institute for the World Economy (IfW). Business expectations have improved on prospects of higher government spending, …

German economy seen growing only 0.1% this year, IfW says Read More »

COPENHAGEN (Reuters) -Swedish green steel company Stegra is seeking to raise additional cash to complete its flagship investment in northern Sweden, business daily Dagens Industri reported on Thursday. A company spokesperson told Reuters Stegra was considering options including public funding, equity and debt. Stegra, formerly H2 Green Steel, secured 6.5 billion euros ($7.61 billion) in funding …

Sweden’s Stegra seeks more funds for green steel project, business daily DI reports Read More »

BERLIN (Reuters) -Porsche CEO Oliver Blume expressed confidence in the value of the company’s shares on Thursday and said the luxury sportscar maker aims to return to Germany’s DAX as soon as possible after it is dropped from the blue-chip index in its regular reshuffle. Blume cited technical factors for the relegation in an interview …

Porsche CEO says aim is to return to DAX as soon as possible Read More »

STOCKHOLM (Reuters) -Volvo Cars sold 48,029 cars in August, down 9% from a year earlier, the Sweden-based company said on Thursday. Volvo Cars, which is majority-owned by China’s Geely, said in a statement sales of fully electric cars fell 28% to account for 20% of total sales volumes. Sales of electrified cars as a whole, …

Volvo Cars’ August sales fall 9% Read More »

(Reuters) -Global miner Anglo American on Thursday said it has raised about $2.5 billion from the sale of its remaining 19.9% stake in Valterra Platinum, its former subsidiary. Anglo has been selling or spinning off non-core assets to focus on copper and iron ore, since BHP’s failed takeover attempt last year.  (Reporting by Raechel Thankam …

UK’s Anglo American sells Valterra Platinum stake for $2.5 billion Read More »

A look at the day ahead in European and global markets from Gregor Stuart HunterJittery bond markets found reasons for calm as members of the Federal Reserve sounded a supportive note for rate cuts and Japan’s latest super-long debt auction passed without incident. Markets stabilised after an auction of 30-year Japanese government bonds on Thursday …

Morning Bid: Relief as Japan debt auction sails through Read More »