Germany’s Rheinmetall seeks 12 billion euros to rescue warship deal, says FT
The logo of military technology manufacturer Rheinmetall is pictured during a media day at a Convoy Support Center (CSC), a logistical hub providing rest, supplies, accommodation, security services and assembly areas to support military troop movements in Germany, as Bundeswehr prepares to advance to Lithuania in the next days to. May 6 (Reuters) – Rheinmetall […]
Italy’s Banca Generali raises interest income target, expecting rate hike this year
The Generali logo is seen on the company’s Tower, designed by Iraqi-British architect Zaha Hadidat, at the Milan’s CityLife district, Italy November 5, 2018. REUTERS May 6 (Reuters) – Italian asset manager Banca Generali hiked its net interest income guidance for 2026 on Wednesday, saying it now expected interest rates to be raised during the […]
EU plan to phase out Chinese tech could cost bloc over $400 billion, Chinese study says
Huawei logo is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS BRUSSELS, May 6 (Reuters) – European Union proposals to tighten cybersecurity by phasing out equipment from Chinese suppliers risk costing the bloc over $400 billion in the next […]
Egypt’s annual inflation slows to 14.9% in April
The construction site of the futuristic Iconic Tower skyscraper in a business district, built by China State Construction Engineering Corporation (CSCEC) in the New Administrative Capital (NAC) east of Cairo, Egypt, March 25, 2026. REUTERS CAIRO, May 6 (Reuters) – Egypt’s annual urban consumer inflation rate slowed unexpectedly to 14.9% in April from 15.2% in […]
Continental warns of fresh U.S. tariff blow if latest increase affects tyres
Stickers with the logo of German tyremaker Continental are placed on tyres at the plant in Korbach, Germany, February 27, 2026. REUTERS May 6 (Reuters) – Continental expects a blow in the “mid to high double-digit million euro” range should higher U.S. import tariffs recently announced by President Donald Trump apply to tyres, its finance […]
BHP CFO says new investors buying in on copper exposure, AI demand
A BHP Group logo is displayed on their building in Adelaide, Australia, September 18, 2025. REUTERS SYDNEY, May 6 (Reuters) – BHP’s Chief Financial Officer Vandita Pant said on Wednesday that a new and broader set of investors were buying into the company as AI demand makes its exposure to copper more valuable. Shares in […]
Pub chain J D Wetherspoon reiterates profit warning as costs bite
Customers drink outside a Wetherspoon public house in London, Britain, October 6, 2023. REUTERS May 6 (Reuters) – British pub chain J D Wetherspoon reiterated concerns that higher energy costs and taxes will weigh on its annual profit on Wednesday, as it posted a 3.4% rise in like-for-like sales for the 13 weeks to April […]
Musk wanted $80 billion to colonize Mars, OpenAI president testifies at trial
Greg Brockman, president of OpenAI, accompanied by his wife Anna, walks outside a federal courthouse as the trial in Elon Musk’s lawsuit over OpenAI’s for-profit conversion continues, in Oakland, California, U.S., May 5, 2026. REUTERS OAKLAND, California, May 5 (Reuters) – OpenAI’s president testified on Tuesday that Elon Musk supported transforming the artificial intelligence startup […]
Samsung Electronics’ market cap surpasses $1 trln after US AI chip stocks surge
A Samsung Electronics logo and a computer motherboard appear in this illustration taken August 25, 2025. REUTERS SEOUL, May 6 (Reuters) – The market capitalisation of Samsung Electronics’ common stock surpassed $1 trillion on Wednesday, making it the second Asian company after TSMC to reach the milestone. Samsung Electronics, the world’s top memory chipmaker, saw […]
Europe’s solar glut shunts power system into tricky new transition phase
A drone view shows solar panels at a photovoltaic park in Sevremoine near Cholet, France, March 25, 2024. REUTERS LITTLETON, Colorado, May 6 (Reuters) – Europe’s solar surge has become one of the continent’s most visible energy transition success stories. But even the staunchest clean power advocates are now sensing there can be too much […]