TKMS to bid for German defence contracts, including two submarines - FAZ

BERLIN, June 21 (Reuters) - Thyssenkrupp Marine Systems (TKMS) TKAG.DE is aiming to clinch new orders from the German Navy as the government boosts defence spending in response to the Ukraine war, the chief executive said in a newspaper interview published on Tuesday. "We have been invited to bid for additional submarines and corvettes," Oliver Bur

European stocks log best session in 6 weeks as cyclicals roar back

* Swedish Match up on $16 bln bid from Philip Morris * ECB's Lagarde cements rate hike expectations * Bayer drops on setback in Roundup dispute * U.S. consumer price gains slow but inflation still hot By Sruthi Shankar and Shreyashi Sanyal May 11 (Reuters) - European stocks locked in gains for a second straight session on Wednesday as strong earnin

Britain's steelmakers scorched by white-hot power prices

By Kate Holton CHESTERFIELD, England, April 22 (Reuters) - Steel boss James Brand raises his voice above the roar of metal being funnelled into a foundry furnace as he details how rampant costs have pushed him to raise his prices by 70%. Yet he says that, despite this hefty hike, his customers in sectors including oil and gas, autos and constructio

Europe's energy crisis sends shockwaves through Germany's industrial heart

By Christoph Steitz, Louisa Off and Patricia Weiss KELHEIM, Germany, March 31 (Reuters) - Germany's Mittelstand, the small and mid-sized companies that power Europe's largest economy, was already battling its biggest crisis in a decade trying to absorb rocketing energy bills. Then the government warned it might have to turn off the gas. A standoff

Shanghai expands COVID lockdown as new daily cases surge by a third

By Brenda Goh and Roxanne Liu SHANGHAI, March 30 (Reuters) - Authorities began locking down some western areas of Shanghai two days ahead of schedule, as new COVID-19 cases in China's most populous city jumped by a third despite stringent measures already in place to try to stop the virus spreading. Home to 26 million people, China's financial hub


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