Rheinmetall slightly misses Q2 sales expectations but confirms target
The German defence company reported sales of 2.43 billion euros ($2.84 billion) in the three months to June, below the 2.53 billion euro consensus forecast according to a company-provided poll.
($1 = 0.8569 euros)
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The Independent
14 minutes ago
- The Independent
Thousands march against plan to build massive bridge linking Sicily to Italy's mainland
Thousands of people marched in the Sicilian city of Messina on Saturday to protest a government plan to build a bridge that would connect the Italian mainland with Sicily in a massive 13.5-billion-euro ($15.5 billion) infrastructure project. Protesters staunchly oppose the Strait of Messina Bridge project over its scale, earthquake threats, environmental impact and the specter of mafia interference. The idea to build a bridge to connect Sicily to the rest of Italy has been debated off and on for decades but always delayed due to these concerns. The project, however, took a major step forward when a government committee overseeing strategic public investments approved the plan this week. Transport Minister Matteo Salvini, the project's main political backer, called it 'the biggest infrastructure project in the West.' Salvini cited studies estimating the project would create up to 120,000 jobs annually and help stimulate economic growth in economically lagging southern Italy, as billions more are invested in surrounding road and infrastructure improvements. Opponents are not convinced by these arguments. They are also angry that about 500 families would have to be expropriated in order for the bridge to be built. 'The Strait of Messina can't be touched,' protesters shouted as they marched in Messina. Many carried banners that said 'No Ponte' (No Bridge). Organizers estimated crowd size at 10,000 people. The proposed bridge would span nearly 3.7 kilometers (2.2 miles) with a suspended section of 3.3 kilometers (more than 2 miles). It would surpass Turkey's Canakkale Bridge by 1,277 meters (4,189 feet) to become the longest suspension bridge in the world. Preliminary work could begin as early as late September or early October, pending approval from Italy's Court of Audit. Full construction is scheduled to begin in 2026, with completion targeted between 2032 and 2033. Plans for a bridge have been approved and canceled multiple times since the Italian government first solicited proposals for one in 1969. Premier Giorgia Meloni's administration revived the project in 2023. With three car lanes in each direction flanked by a double-track railway, the bridge would have the capacity to carry 6,000 cars an hour and 200 trains a day — reducing the time to cross the strait by ferry from up to 100 minutes to 10 minutes by car. Trains would save 2/12 hours in transit time, Salvini said. The project could also support Italy's commitment to raise defense spending to 5% of GDP targeted by NATO, as the government has indicated it would classify the bridge as defense-related. Italy argues that the bridge would form a strategic corridor for rapid troop movements and equipment deployment, qualifying it as 'security-enhancing infrastructure.' Environmental groups, however, have lodged complaints with the EU, citing concerns that the project would impact migratory birds. Italy's president has also insisted that the project remain subject to anti-mafia legislation that applies to all large-scale infrastructure projects. Salvini pledged that keeping organized crime out of the project was a top priority.
The Sun
14 minutes ago
- The Sun
Marks & Spencer brings back key service for thousands of customers after crippling cyber attack
MARKS and Spencer has restored one of its most popular services after the retailer was hit by a massive cyberattack. It has returned for the first time in nearly four months since the incident in April. 2 2 The retailer's click and collect option is now back online - making it the last of its major services to be restored. The breach disrupted operations through April and May. Customers were left unable to place orders on line and collect deliveries during the chaos that ensured. Online orders were suspended on April 25 via the retailer's website and mobile app. Customer information was also reportedly stolen in the cyberattack. But after months of the delays, the click and collect service has now finally been restored. This lets customers order online and collect their items the following day. M&S has not confirmed the reason for the delay. The attack was reportedly carried out by a ransomware operator named as DragonForce. It crafts ransomware that locks up a victim's files and rents it out to other criminals. The attack on M&S started on Saturday, April 19. It left disappointed customers unable to collect purchases or return items. M&S, has refused to say whether or not a ransom was paid, the Times has reported. But it added that the incident would be expected to cost about £300 million. Company chair Archie Norman previously said the company hoped to recover some losses from insurance payouts. M&S is believed to be strengthening its cybersecurity measures to prevent future attacks. The retailer said in May that disruption had been expected to continue through July. Timeline of cyber attack Saturday, April 19: Initial reports emerge on social media of problems with contactless payments and click-and-collect services at M&S stores across the UK. Customers experience difficulties collecting online purchases and returning items due to system issues. Monday, April 21: Problems with contactless payments and click-and-collect persist. M&S officially acknowledges the "cyber incident" in a statement to the London Stock Exchange. CEO Stuart Machin apologises for the disruption and confirms "minor, temporary changes" to store operations. M&S notifies the National Cyber Security Centre (NCSC) and the Information Commissioner's Office (ICO) and engages external cybersecurity experts. Tuesday, April 22: Disruptions continue. M&S takes further systems offline as part of "proactive management". Wednesday, April 23: Despite earlier claims of customer-facing systems returning to normal, M&S continues to adjust operations to maintain security. Contactless payments are initially restored, but other services, including click-and-collect, remain affected. Thursday, April 24: Contactless payments and click-and-collect services are still unavailable. Reports surface suggesting the attackers possibly gained access to data in February. Friday, April 25: M&S suspends all online and app orders in the UK and Ireland for clothing and food, although customers can still browse products. This decision leads to a 5% drop in M&S's share price. Monday, April 28: M&S is still unable to process online orders. Around 200 agency workers at the main distribution centre are told to stay home. Tuesday, April 29: Information suggests that the hacker group Scattered Spider is likely behind the attack. Shoppers spot empty shelves in selected stores. Tuesday, May 13: M&S revealed that some customer information has been stolen. Wednesday, May 21: The retailer said disruption from the attack is expected to continue through to July. Tuesday, June 10: M&S begins taking online orders again for home delivery in England, Scotland and Wales. Tuesday, June 24: A selection of third-party brands a reintroduced on its website.
The Sun
14 minutes ago
- The Sun
The West must pressure Putin to end illegal war… and that means there can be no place for Russian oil on European soil
UKRAINE'S fight against Putin's illegal invasion is vital for all of Europe. The Ukrainian people are fighting bravely for their freedom, their independence and their rights. 4 4 But American security is on the line there, as well as British and European security. That is why we and European allies have been providers of military aid to Ukraine. And we recognise the indispensable role of the US in that. It is also why President Trump's recent decision to make more weapons available for Ukraine's brave resistance is very welcome. And we share the President's frustration with Putin's continual delaying tactics and maximalist demands. It is clear that Putin is not negotiating in good faith. Tighten screws The pressure must continue to grow on Putin, to make clear that this awful war, and his wanton campaign of aggression, must come to an end. As the UK and US get down to hard talks ahead of next week's summit, Europe must ramp up the pressure, too. We, as HM Opposition, will not write the Government a blank cheque. But we stand squarely with them in defending our national interest and that means resisting Putin's illegal war. Nazi lies, Vlad's propaganda & troops on border… chilling signs Putin ready to invade ANOTHER European nation after Ukraine Russia has so far failed to achieve its war objectives. It has suffered enormous casualties and, in desperation, Putin has had to turn to Iran for weapons and North Korea for troops. Three years on, and despite what Russia claims, the cost to its economy has been enormous and is unsustainable. I am proud the Conservative government, working with allies, helped to drive forward the largest and most severe set of sanctions Russia has ever seen to cripple Putin's war machine. Through the tough and wide-ranging sanctions delivered by the international community, Putin has been denied $400billion of funds since February 2022 — money that could otherwise have been spent on this illegal war. But we cannot stop here. The screws must continue to tighten. Pulling in the same direction The US is right that we need all the world's major economies to be pulling in the same direction. President Trump's tariffs on India in part show that there can be no place for Russian oil. Europe must adopt the same approach. There can be no place for Russian oil on our continent. There must be no safe harbour for Russian ships. There must be no let-up in our collective fight against Russia in every corner of the continent. That is why Britain must continue to maintain a leadership position in this fight. 4 We must take the lead in mobilising sanctioned Russian sovereign assets to help Ukraine. We must ensure our Government is using the full weight of the Whitehall legal machine to find more creative mechanisms through which those assets can be legally leveraged to support Ukraine's military efforts. And we must encourage all our European partners to do exactly the same. It is clear that by leveraging our full economic might, and crippling Russia's, we can continue to support Ukraine, and force Putin to the table. The entire Euro-Atlantic alliance must be unflinching in the face of Putin's aggression. From sanctions, to Operation Interflex and the 100-year Partnership, Britain's support for Ukraine has been unwavering and must continue to be so. Shoulder to shoulder So we must stand up for the territorial integrity of Ukraine and ensure that at no stage is Putin's aggression rewarded. Because the lesson of the past 20 years is crystal clear: Putin only comes back for more. We must stand shoulder to shoulder with our Ukrainian friends as they fight not just an imperialist Russian, but a whole axis of authoritarian states seeking to sow destruction on our own continent. Ukraine is in a battle for its own sovereignty as well as the principles that underpin our whole way of life — democracy, liberty and the rule of law. Britain has a history of standing up to threatening authoritarianism. The invasion of Ukraine demands that we do so again. We must keep rising to the challenge. Putin has to know that if he tests the Euro-Atlantic alliance, he will fail.
