Italy's Giorgetti Is Worrying About Fallout From the Trade War
'We are worried about the impact of economic uncertainty and persistent commercial tensions on our economies,' Giorgetti said on Friday, speaking from South Africa where he is attending a Group of 20 meeting of finance ministers. 'The weakening of the US dollar is adding to the impact of higher tariffs.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
€78m deal is Liverpool's DREAM come true
Liverpool are set to strike a €78m deal. It's a dream come true and exactly what the Reds needed. Liverpool have found a few deals this summer that are still incredible to think about. Florian Wirtz's record-breaking arrival remains the peak, of course. LFC x New Era Shop Now LFC Signed Merch Shop Now LFC x Titleist Shop Now Wirtz cost Liverpool more than any other player in their history, arriving for around £100m guaranteed. That could well rise to a British transfer record if add-ons are met. The Jeremie Frimpong deal feels like a steal, too. He's joined for under £30m and fixes a few problems in the squad. One of those problems was created by Trent Alexander-Arnold leaving for Real Madrid. Still, Liverpool turned that into a remarkable deal - £10m for a player who wouldn't actually play for the club again. Jarell Quansah joined Bayer Leverkusen for a sizeable fee in another brilliant deal. Liverpool retain a buyback clause for the defender so if he does reach his remarkable potential, the Reds can buy him back. Everything has been going Liverpool's way this summer, then. And now another deal can be added to that list. Liverpool to strike Luis Diaz deal Fabrizio Romano is one of many saying that a deal between Liverpool and Bayern Munich for Luis Diaz is now close. He says this one's at the final stages, with only details being sorted. Now, Romano claims the fee here is around €75m. Sky Sports suggest it's slightly higher at around €78m. And this is a fantastic deal for Liverpool. It's a large fee - one of the largest received for a Red - and it's for someone approaching 29 with two years remaining on his contract. Diaz wasn't going to sign a new deal, either, after negotiations broke down. His asking price would have plummeted in a year as a result of that - Liverpool needed to get this one done now.
Yahoo
21 minutes ago
- Yahoo
Elbit Systems Awarded $260 Million Contract to Supply DIRCM Self-Protection Systems for Germany's A400M Aircraft Fleet
HAIFA, Israel, July 28, 2025 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded a contract worth approximately $260 million by Airbus Defence and Space ("Airbus DS") to supply its J-MUSIC™ Directed Infrared Counter Measures (DIRCM) self-protection systems, for installation on the German Air Force A400M transport aircraft. The contract, to be executed over a 6-year period, follows a procurement decision by the Federal Office for Equipment, Information Technology and Operations of the Bundeswehr (BAAINBw). The J-MUSIC™ DIRCM system is part of Elbit Systems' MUSIC™ family of airborne self-protection solutions, designed to defend aircraft against infrared-guided missile threats, particularly those launched from man-portable air-defense systems (MANPADS). The integration of advanced laser technology with high-performance imaging systems, enables the system to detect, track, and disrupt incoming missile threats in real time, providing autonomous protection without requiring crew intervention. The system is characterized by its modular and scalable architecture, allowing for integration with a wide range of aircraft platforms and missile warning systems. Its compact form factor ensures minimal impact on aircraft performance and payload capacity. Elbit Systems' DIRCM solutions have been deployed operationally on a wide range of military and commercial aircraft globally. Customers include governments, air forces and defense ministries from countries such as Israel, Germany, the Netherlands, Italy and Brazil. The system has also been selected by several leading aircraft manufacturers (OEMs) as their preferred DIRCM solution for integration into new and retrofit platforms. Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "This contract further strengthens Elbit Systems' position as a leading global provider of DIRCM solutions. Our systems are already trusted by numerous air forces and defense organizations around the world, and we are proud to support Germany in enhancing the protection of their strategic air assets. Our successful collaboration with Airbus DS on this important program is highly valued, and we are pleased that our advanced self-protection systems will contribute to the safety and operational readiness of the German A400M fleet." About Elbit Systems Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains. Driven by its agile, collaborative culture, and leveraging Israel's technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats. Elbit Systems employs approximately 20,000 people in dozens of countries across five continents. The Company reported $1.9 billion in revenues for the three months ended March 31, 2025 and an order backlog of $23.1 billion as of such date. For additional information, visit: follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels. Company Contact: Dr. Yaacov (Kobi) Kagan, Executive VP - CFOTel: + Daniella Finn, VP, Investor Relations Tel: + Dalia Bodinger, VP, Communications & Brand Tel: +972-77-2947602 This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States, among others, including the duration and scope of the current war in Israel, and the potential impact on our operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements. Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein. Logo: View original content: SOURCE Elbit Systems Ltd. Sign in to access your portfolio
Yahoo
21 minutes ago
- Yahoo
UK in 'debt doom loop', top investor Dalio warns
One of of the world's most successful investors has warned that the UK is stuck in a "debt doom loop". Hedge fund manager Ray Dalio, who founded Bridgewater Associates, was speaking as UK debt as a percentage of GDP (gross domestic product) rose to 101%. Long-term borrowing costs are higher than they have been at any point this century, giving the Chancellor Rachel Reeves little room to borrow more to fund spending, and thus requiring a focus on raising taxes instead. Mr Dalio told the 'Master Investor' Podcast with Wilfred Frost she risked alienating the very people who could help get the country out of its fiscal bind - mirroring concerns expressed by the boss of Goldman Sachs last week. Money latest: "The debt doom loop is affecting capital flows. So the necessity for creating taxations that then drive people away. "As the financial problems and the social problems worsen, having the effect of causing people with money to leave. "That's a problem because, I don't know the exact numbers in the UK, but they're analogous to the US, where 75 % of income taxes are paid by the top 10%. "So you have this financial deterioration, that precedes social and economic deterioration that has caused migrations all around the world and so on. And there is only one way to deal with that. Both of our countries need a strong leadership of a strong middle. They have to have the war between those of the left and those of the right begin to end because difficult choices are going to have to be made, you know, like our countries had in World War II. "The deficits for the central government, have to be lowered to about 3 % of GDP. That is what would be sustainable rather than having this compounding effect." The UK deficit is currently 5.1% of GDP, while in the US it is 6%. "They have to do it equally in spending cuts and taxation. And if that is done interest rates will come down not rise." Dalio outlines the process around the debt cycle in his new book How Countries Go Broke. And while many people are broadly aware of the debt problems advanced nations now face, he said that bond markets are complacent to the looming risks. "You get this complacency. So now the question for you or for your audience is, is it priced into the markets? Well, I'll answer the question and say, no, it is not priced into the markets." is available across multiple podcast platforms
