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Tag: European Union Countries

  • The Outspoken CEO Behind the World’s Fastest-Growing Arms Maker

    Earlier this year, Armin Papperger opened a new factory that will allow his company to produce more of an essential caliber of artillery shell than the entire U.S. defense industry combined. 

    Surrounded that day by dignitaries, including the head of the North Atlantic Treaty Organization, the Rheinmetall RHM -2.21%decrease; red down pointing triangle chief executive was riding a wave of post-Cold War military spending that is reshaping the global arms trade.

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    Alistair MacDonald

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  • Paramilitary Expansion Shows Scale of War Preparations on NATO’s Eastern Frontier

    UTENA, Lithuania—Some 1,500 paramilitaries descended on this industrial city in northeastern Lithuania late last month, taking up positions at government buildings and around critical infrastructure to prepare for what many in this frontier city now fear: a Russian invasion.

    Clad in military fatigues and armed with rifles loaded with blank cartridges, members of the Lithuanian Rifleman’s Union, or LRU, a state-funded paramilitary group, spent several days training to repel a possible enemy attack.

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    Eve Hartley

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  • France Detains Last Suspected Louvre Thief

    PARIS—French authorities said they’ve detained four more people in connection to the Louvre heist, including a man suspected of being the only thief to remain at large after purloining the nation’s crown jewels.

    Paris Prosecutor Laure Beccuau said two men, ages 38 and 39, and two women, 31 and 40, have been taken into custody for questioning. Beccuau said all four detainees came from the Paris region, without disclosing further details.

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    Noemie Bisserbe

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  • German Economy Shows Signs of Revival

    The German economy may be showing signs of a life after more than half a decade of stagnation.

    Europe’s largest economy has suffered a series of recent blows, including a surge in energy costs after Russia’s full-scale invasion of Ukraine, higher tariffs on its exports to the U.S and fierce competition from China in key sectors such as automobiles.

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    Don Nico Forbes

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  • Rheinmetall Turns to Former Auto Workers to Fuel Hiring Spree

    Germany’s largest arms manufacturer, Rheinmetall RHM -3.85%decrease; red down pointing triangle, expects its sales will be five times as much as they were last year by the end of the decade. A big factor underpinning its confidence—it is being flooded by job applications.

    The company is now looking to draw from a pool of workers laid off by the car industry and other big employers to fill the roles needed for its expansion plans, its head of human resources operations said.

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    Cristina Gallardo

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  • Moody’s Ratings Upgrades Italy on Expectation of Declining Debt

    Moody’s boosted Italy’s sovereign-credit rating on expectations for a decline in government debt.

    The ratings agency on Friday upgraded Italy’s rating one level to Baa2 from Baa3. The outlook was revised to stable from positive.

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    Kelly Cloonan

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  • Europe Aimed to Set Standards for Tech Rules, Now It Wants to Roll Them Back

    BERLIN—Europe is moving to relax some of the world’s tightest digital regulations in a bid to boost growth and reduce its reliance on U.S. tech.

    Germany and France on Tuesday backed an effort by the European Union, long seen as a global rulesetter for technology, artificial intelligence and digital services, to loosen regulatory strictures on the fast-growing, U.S.-dominated sectors.

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    Bertrand Benoit

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  • Netherlands Hands Back Control of Chip Maker Nexperia to Chinese Owner

    The Dutch government handed back control of semiconductor manufacturer Nexperia to its Chinese owner, moving toward resolving a spat that had blocked vital chip supply to the auto industry.

    Dutch economic-affairs minister Vincent Karremans said Wednesday that the decision had been made in consultation with the Netherlands’ European and international partners and followed recent meetings with Chinese authorities.

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    Adrià Calatayud

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  • A Drug Kingpin Who Faked His Own Death and Fled Justice Runs Out of Luck

    Wilmer Chavarria was living the good life after faking his own death.

    For four years, the Ecuadorean drug boss allied with Mexico’s Jalisco cartel moved among Dubai, Morocco and Spain, allegedly overseeing his drug empire and hit jobs back home—all while staying at the most exclusive hotels, Ecuador’s government said. To avoid detection, he underwent seven surgeries to alter his appearance and changed his name to Danilo Fernández.

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    Ryan Dubé

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  • Dassault Aviation Rises After Ukraine Agrees to Buy 100 Rafale Fighter Jets

    Ukraine agreed to buy 100 Rafale fighter jets as part of a larger military equipment deal that triggered a jump in the share price of the French aerospace and defense manufacturer Dassault Aviation AM 7.44%increase; green up pointing triangle.

    Ukrainian President Volodymyr Zelensky said Monday that he had signed a letter of intent to acquire 100 Rafale F4 fighter jets by 2035, SAMP/T air defense systems, radars, air-to-air-missiles and aerial bombs from France.

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    Cristina Gallardo

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  • A New Rare-Earths Plant in Europe Shows How Tough Breaking China’s Grip Will Be

    Europe is trying to get itself on the global rare-earths map, and a new facility on Russia’s border is its opening bid.

    The city of Narva in Estonia, once a textiles hub for the Russian Empire, is now host to Europe’s biggest production plant for the kinds of rare-earth magnets needed in electric cars and wind turbines. It is part of Europe’s push to secure a foothold in a global supply chain dominated at every step by China. Built by Canada’s Neo Performance Materials and financed in part by the European Union, the factory is expected to begin commercial deliveries to companies including the German car-parts supplier Robert Bosch next year.

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    Kim Mackrael

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  • U.S. Boat Strikes Are Straining the Counterdrug Alliance

    France denounced the U.S. military strikes on alleged drug boats as a violation of international law. Canada and the Netherlands have stressed they aren’t involved. Colombia has vowed to cut off intelligence cooperation with Washington. Mexico summoned the U.S. ambassador to complain. 

    Two months into the Trump administration’s military campaign against low-level smugglers in the Caribbean and eastern Pacific, the coalition of partners that has long underpinned U.S. antidrug operations in the region is fraying. 

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    Vera Bergengruen

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  • Ukraine’s $200 Billion Lifeline From Europe Stumbles on Pushback in Belgium

    BRUSSELS—The European Union is racing against the clock to overcome Belgium’s objections to a plan to fund Ukraine’s defense using Russian money.

    Ukraine is on course to run out of cash in the spring, EU officials say, and they see their loan proposal as the best option for allowing Kyiv to continue buying weapons. The plan would lend as much as 183 billion euros (about $213 billion) to Ukraine, backed by Russian financial assets that are immobilized in Belgium.

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    [ad_2] Laurence Norman
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  • Germany’s Answer to Its Conscription Dilemma: a Database of Young Men Fit for War

    BERLIN—Germany will build a database of young people detailing their fitness, aptitude and outlook to help it pick whom to draft should the country be attacked.

    The proposed move, a step toward reintroducing military conscription, comes as countries across Europe grapple with how to repopulate their armed forces under pressure from Washington and an expansionist Russia that European capitals accuse of waging a hybrid war on the continent.

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    Bertrand Benoit

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  • Britain Is Preparing Tens of Billions in New Taxes—Again

    LONDON—The U.K. has long been torn between two mutually exclusive desires: Voters want European levels of welfare with American levels of taxation.

    By accident or design, that debate is slowly being resolved in the direction of higher taxes, as Britain’s Labour government prepares its second major tax increase in as many years.

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    David Luhnow

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  • Why It’s Easier to Rob a Museum Than a Jewelry Store in France

    Barely 24 hours had passed since thieves had broken into the Louvre Museum and stolen France’s crown jewels when the mayor of Langres, a walled medieval town in Eastern France, received a troubling phone call. 

    The director of the town’s museum was on the line to report that it too had been robbed. Thieves had penetrated the Maison des Lumières Denis Diderot overnight and gone straight for a display case housing its collection of historic gold and silver coins. 

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    Noemie Bisserbe

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  • ECB’s Key Interest Rate Is in a Good Place, Says Schnabel

    The European Central Bank’s key interest rate is unlikely to change unless the eurozone economy is hit by another big shock, a member of its executive board said Wednesday.

    The ECB last month left its key rate at 2% for the third straight meeting, with inflation close to its target.

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    Paul Hannon

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  • Opinion | The ‘Human Right’ to Smoke in Prison

    If you want to see what a “living constitution” looks like, go to Europe. On Tuesday, in Vainik v. Estonia, the European Court of Human Rights ruled that four longtime prisoners in Estonia were due restitution from the state for “weight gain, sleeping problems, depression, and anxiety” caused by not being allowed to smoke in prison.

    The decision was grounded on Article 8 of the European Convention on Human Rights. The text of Article 8 doesn’t mention any right to enjoy a cigarette whenever one pleases. Rather, it protects a broad “right to private life,” which the court accused Estonia of violating in the Vainik case. “The Court,” the judges wrote, “was sensitive to the context of the already limited personal autonomy of prisoners, and that the freedom for them to decide for themselves—such as whether to smoke—was all the more precious.” An odd ruling, but perhaps Europe loves its cigarettes that much?

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    John Masko

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  • Opinion | When Irish Eyes Are Glaring

    Tensions with the U.S. will heighten under the new left-wing president.

    Robert C. O’Brien

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