US Firms Are Tapping Europe's Cheaper Bond Market Like It's 2007
Blue-chip US companies are raising euro debt at breakneck speed in a bid to lock in significantly lower borrowing costs across the pond.
So-called reverse Yankee issuance reached €23.4 billion ($24.3 billion) so far this year, the highest for this period since 2007, according to data compiled by Bloomberg. Big ticket deals from T-Mobile US Inc. and International Business Machines Corp., as well as offerings from major Wall Street banks, have contributed to the total.
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Germany to supply new Iris-T air defense systems to Ukraine, rules out Taurus missiles
Germany will deliver new IRIS-T air defense systems to Ukraine under a three-year supply plan, President Volodymyr Zelensky said during a joint press conference with German Defense Minister Boris Pistorius, who added Berlin has no plans to provide Taurus long-range missiles. The announcement comes amid escalating Russian aerial assaults, including a June 10 missile and drone strike on Kyiv, one of the largest since the start of the full-scale invasion. "We are grateful for the supply of IRIS-T air defense systems," Zelensky said on June 12. "We understand that deliveries are currently being planned... for the next three years. This is very important assistance." The IRIS-T is a German-made medium-range surface-to-air missile system capable of intercepting drones, aircraft, and cruise missiles. Pistorius confirmed the delivery timeline but firmly ruled out the possibility of sending Taurus missiles — weapons Kyiv has repeatedly requested to strike deep into Russian territory. "You asked me whether we are considering this, and my answer is no," Pistorius said. Before taking office, German Chancellor Friedrich Merz signaled openness to lifting former Chancellor Olaf Scholz's ban on the missiles. That stance has not yet resulted in a policy shift. Ukraine has already received long-range missiles — including ATACMS from the U.S. and Storm Shadow and SCALP from the U.K. and France. Initially restricted to use within Ukrainian territory, Western allies only began easing those limitations in late 2024. Germany is Ukraine's largest military donor in Europe. Zelensky said that Berlin will provide 7 billion euros ($8.1 billion) in aid this year, with investments in defense production being considered. "Today, we discussed that this aid will continue," he said. "We agreed on additional investments in production... both in Ukraine and in Germany." Zelensky visited Berlin on May 28 for talks with Merz, part of an ongoing effort to bolster Ukraine's defense industry amid uncertainty over U.S. support under President Donald Trump. Read also: Why can't the West match Russia's ammunition production? We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Yahoo
an hour ago
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Zelenskyy announces three-year plan for IRIS-T deliveries from Germany
Ukraine and Germany have agreed on a joint plan to supply Kyiv with IRIS-T air defence systems over the next three years. Source: President Volodymyr Zelenskyy at a briefing following a meeting with German Defence Minister Boris Pistorius, as reported by Interfax-Ukraine Quote: "We are also grateful for the supply of IRIS-T air defence systems. We now understand the delivery plan – I won't go into all the details. But it's a plan for the next three years, and this is very important support for us regardless." Details: Zelenskyy stressed that the plan does not imply the war will last that long, but Ukraine requires air defence systems to protect its civilians. He also noted that Ukraine expects to localise the production of these "very high-quality" German air defence systems. Background: In May, Ukraine signed agreements with German company Diehl Defence for the production of IRIS-T systems and missiles for Ukrainian use. Support Ukrainska Pravda on Patreon!
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Synthesia CEO Victor Riparbelli says ongoing political tension has created better opportunities for entrepreneurs to build companies as focus shifts away from regulation and into the technology and defense sectors. He speaks with Bloomberg's Tom Mackenzie at the Founders Forum in Oxfordshire. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
