German Tire Maker Continental to Sell ContiTech to U.S. Firm Lone Star for €4 Billion

Lockheed Martin to Acquire UK Naval Defense Technology Company Ultra Maritime for $3.45 Billion

U.S. defense giant Lockheed Martin, the world’s largest manufacturer of military equipment and weapons systems, has agreed to acquire Ultra Maritime, a British company specializing in anti-submarine warfare and undersea defense technologies, from global private equity firm Advent International for $3.45 billion. The acquisition will strengthen Lockheed Martin’s position in the naval defense sector amid […]

Hungary Raises €3 Billion in Eurobonds in First International Debt Sale Since Change of Government

Hungary has successfully raised €3 billion ($3.4 billion) through an international eurobond issuance, marking its first external borrowing since the change of government, which has led to a significant decline in the country’s borrowing costs. Strong investor demand reflected renewed confidence in Hungary following the resignation of former Prime Minister Viktor Orbán. Hungary’s Government Debt […]

China Expands Europe Trade Corridor Bypassing Russia

China is increasing its investment in the Trans-Caspian International Transport Route (TITR), a strategic trade corridor linking China with Europe while bypassing Russia and Belarus. The development was reported by the Foreign Intelligence Service of Ukraine. The route runs through Kazakhstan, across the Caspian Sea, and continues through Azerbaijan, Georgia, and Türkiye before reaching European […]

IMF Identifies Key Condition for Ukraine’s Strong Economic Growth

According to the International Monetary Fund (IMF), Ukraine’s economy could achieve an average annual growth rate of 3.8% between 2027 and 2031. The forecast was cited by Euronews, referencing the IMF’s latest World Economic Outlook report. If realized, this would make Ukraine the third-fastest growing economy in Europe in terms of GDP growth during the […]

Rheinmetall and Lockheed Martin to Jointly Produce ATACMS Missiles in Germany

German defense company Rheinmetall and U.S. defense giant Lockheed Martin have signed a memorandum of understanding to establish a joint production facility for ATACMS tactical ballistic missiles in Germany. The agreement was signed during the Defence Industry Forum held alongside the NATO Summit in Ankara, according to Lockheed Martin. “With the support of the governments […]

Russian Oil Shipments Generate Record Profits for Greek Shipping Companies

Greek shipping companies have earned at least $3.8 billion over the past three years from transporting Russian crude oil, according to estimates published by the Financial Times on July 7. The newspaper noted that the shipments were carried out under the G7 price cap mechanism, which allows the transportation of Russian oil provided it is […]

Saudi Arabia Slashes Oil Prices in Biggest Cut in at Least 26 Years

Saudi Arabia’s state-owned oil giant, Saudi Aramco, has announced its largest reduction in official crude oil prices in at least 26 years. According to Bloomberg, the new pricing, announced on Monday, July 6, applies to shipments scheduled for next month, particularly those destined for Asian markets. The company cut the official selling price of its […]

Tesla Beats Expectations with Strong Second-Quarter Delivery Results

Tesla exceeded market expectations in the second quarter after releasing official production and delivery figures that significantly outperformed analysts’ consensus forecasts. Before the report, the market had been guided by Bloomberg’s conservative consensus estimate of 396,466 vehicles and Tesla’s own Investor Relations (IR) consensus forecast of 406,024 deliveries (with a median estimate of 408,609). The […]

Volkswagen May Sell Lamborghini and Ducati