Latest news with #RachelMore
The Star
a day ago
- Business
- The Star
German army prepares to develop deep-strike drones, Handelsblatt reports
BERLIN (Reuters) -The German armed forces are preparing to develop long-range combat drones capable of striking targets deep in enemy territory, the Handelsblatt newspaper reported on Monday. Three consortia are working on concrete concepts after the Luftwaffe airforce sent a request for deep-strike drones to leading defence companies and startups, the report said. According to the report, Airbus Defence is contributing to the project alongside U.S. startup Kratos, while Germany's Rheinmetall has teamed up with drone specialist Anduril. Munich-based startup Helsing is also involved, the report said. The German defence ministry confirmed preparations for such a project to Handelsblatt, saying that initial talks had taken place but that no formal tender had been issued. The ministry and the companies mentioned did not respond to emailed requests for comment from Reuters. (Writing by Friederike Heine, Editing by Rachel More)
The Star
02-07-2025
- Politics
- The Star
Germany says Russia using media platform Red to sow discontent
BERLIN (Reuters) -Russia is using the online media outlet Red to sow discontent in German society as part of a disinformation campaign waged alongside its war in Ukraine, the foreign ministry in Berlin said on Wednesday. "Red presents itself as a revolutionary platform for independent journalists. However, it has close links with the Russian state media outlet RT," a spokesperson for the foreign ministry told reporters in Berlin. "Today we can confirm that Red is being used by Russia specifically to manipulate information," the spokesperson added. Red is run by Turkish media company AFA Medya, which together with its founder Huseyin Dogru is already the subject of EU sanctions targeting Russia and is accused of "undermining the democratic political process" in Germany. After they were sanctioned, Red announced on May 16 that it was closing down. (Reporting by Rachel More and Miranda MurrayEditing by Madeline Chambers)
The Star
04-06-2025
- General
- The Star
Central Cologne evacuated after discovery of wartime bombs
BERLIN (Reuters) - Thousands of people were being evacuated from central Cologne in western Germany on Wednesday following the discovery of three wartime bombs, in what the city authority called the largest such measure since the end of World War II. An evacuation zone with a radius of 1,000 metres will be cleared from 8am (0600 GMT), impacting around 20,500 residents as well as many workers and hotel guests in the city's historic old town and popular Deutz district, a statement from the authority said. Three American bombs from World War II, each with impact fuses, were discovered during construction work on Monday in Deutz, a bustling area on the bank of the River Rhine. A team of bomb disposal experts plans to disarm the ordnance later on Wednesday, the statement said. Unexploded bombs are often found in Germany, which had many of its major cities bombed to ruins during the war, and such operations often go smoothly. The evacuation area includes one hospital, two retirement homes and nine schools, as well as 58 hotels and many museums. "Everyone involved hopes that the defusing can be completed in the course of Wednesday. This is only possible if all those affected leave their homes or workplaces early and stay outside the evacuation area from the outset on that day," the city authority said in a statement appealing to residents to follow instructions. The measures caused major disruptions to transport in and out of the city of over a million people, with Germany's national rail operator warning that many trains would be diverted or possibly cancelled. (Reporting by Rachel More; Editing by Ludwig Burger)
Yahoo
28-05-2025
- Automotive
- Yahoo
BMW, Mercedes, VW seek tariff relief in return for US investment, Handelsblatt reports
BERLIN (Reuters) - German carmakers BMW, Mercedes-Benz and Volkswagen are in talks with the U.S. Department of Commerce on a tariff deal that would involve a mechanism to offset imports and exports, the Handelsblatt business daily reported on Wednesday. In return for tariff relief, the companies could invest billions in the United States, the report said citing company sources. It did not give a more exact sum. The aim is to clinch a deal by early July, according to Handelsblatt. (Writing by Rachel More; Editing by Madeline Chambers) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Ocean shipping firm welcomes China-US tariff reprieve
By Rachel More and Lisa Baertlein BERLIN/LOS ANGELES (Reuters) -German container shipping firm Hapag-Lloyd on Monday welcomed an agreement between the United States and China to temporarily slash reciprocal tariffs, saying it expected to be buoyed by a resulting increase in bookings from China to the U.S. The United States will cut extra tariffs it imposed on Chinese imports in April to 30% from 145% and Chinese duties on U.S. imports will fall to 10% from 125% for the next 90 days, the two sides said on Monday. Trade between the world's two largest economies plummeted in the midst of the trade standoff, prompting container shipping companies like MSC and Cosco to suspend regular routes or cancel individual voyages. Others considered switching to smaller ships. The reprieve could spark a rush of shipments to the United States, which some Chinese factories were preparing for, and send off-contract spot rates higher. "We expect bookings from China to the U.S. to increase, which should help us... into peak season," the company said in an emailed statement. The ocean shipping peak season typically refers to the August to October period, when U.S. retailers stock up on goods for the winter holiday season dominated by Halloween, Thanksgiving and Christmas. Hapag-Lloyd continued sailing during the downturn, albeit with plans to downsize ships - a move that could put the carrier at an advantage over rivals that culled sailings, should customers rush in goods during the 90-day reprieve. "Originally, we had planned to use smaller ships for transports from China to (the U.S. coasts) but may reverse that if demand is strong," Hapag-Lloyd said. Maersk CEO Vincent Clerc said on Thursday that in two weeks the Danish firm had removed 20% of capacity on the China to United States route and transferred it to other routes. Maersk could switch that back as quickly if customers ask for it, Clerc said. Average transit time on the Transpacific trade is 22 days, so customers will take the 90-day window of opportunity to ship as many goods as possible into the United States, said Peter Sand, chief analyst at pricing platform Xeneta. "This will put upward pressure on freight rates."
