Latest News

At BAE factory, Ukraine war fuels munitions output
At BAE factory, Ukraine war fuels munitions output
Economy
by  AFP

At a munitions factory in northeast England run by BAE Systems, production is running at full speed thanks to the war in Ukraine and an increasingly dark outlook for geopolitics. - 'Unprecedented' orders - BAE on Monday issued a bright earnings outlook on its "increasing exposure to structurally growing defence markets" and "a time of heightening geopolitical risk".

Auto supplier Continental to cut thousands of jobs
Auto supplier Continental to cut thousands of jobs
Economy
by  AFP

German auto supplier Continental said Monday it will cut thousands of jobs to reduce costs, at a time the sector is facing severe headwinds. Germany's auto suppliers have been facing problems as the transition to electric mobility gathers pace, after decades relying on fossil fuel vehicles for their profits. sr/hmn/lth