Rheinmetall and Destinus launch joint cruise missile production in Europe

German defense conglomerate Rheinmetall has announced a joint project with European company Destinus to produce advanced cruise missiles. The partnership aims to rapidly build up European missile capabilities amid growing uncertainty in transatlantic relations. According to Rheinmetall's statement, the new production will be based in Germany and possibly other EU...

UK government plans to nationalize British Steel

Prime Minister Keir Starmer has announced the government's plans for the full nationalization of British Steel. The relevant bill is set to be introduced this week. According to Starmer, the legislation will grant authorities the power to take the company into full state ownership, provided it passes a public interest...

The European Union prepares a new strike against the shadow fleet

The European Union is actively working on a new, 21st package of sanctions against Russia. The primary focus is expected to be on further restricting the activities of Russia's "shadow fleet" of tankers, which is used to circumvent the oil price cap and fund the war. According to European diplomats...