US arms exports grow amid regional conflicts

The United States has benefited from the Russia-Ukraine conflict and other regional tensions by boosting its arms sales around the world, while Russia's arms exports plunged, according to the latest report by the Stockholm International Peace Research Institute.

Switzerland’s war material exports hit record level in 2022

Swiss companies exported armored vehicles, weapons and other military equipment worth 955 million Swiss francs ($1.02 billion) last year, the Swiss State Secretariat for Economic Affairs said on Tuesday, the highest level ever recorded.

Medvedev says construction of tank factory in Ukraine to be marked with 'firework of Kalibr' missiles

Deputy head of the Russian Security Council Dmitry Medvedev said on Saturday that if the German Rheinmetall company decides to build a tank factory in Ukraine, the event will be met with "firework of Kalibr" missiles.

Industry Commissioner: EU Must Shift to Wartime Economy

The European Union’s industry chief said that the bloc will have to shift to a “wartime” economic model if it hopes to meet Kiev’s battlefield needs, with senior Ukrainian officials voicing hopes for a massive influx of shells from their foreign sponsors.

Germany needs more Leopard tanks urgently, says defense minister

Germany needs to order new Leopard tanks quickly to replace those going to Ukraine, Defense Minister Boris Pistorius said on Wednesday, adding he did not care where the money came from.

NATO ready for direct confrontation with Russia — official

Chair of the NATO Military Committee Rob Bauer said that the US-led bloc is ready for a direct confrontation with Russia in an interview with Portugal’s RTP TV channel.

US foreign arms sales increase significantly in fiscal 2022 mainly due to military support for Ukraine - China.org.cn

U.S. foreign arms sales grew significantly in fiscal year 2022, according to data released by the Department of State, which attributed the increase mainly to U.S. military support for Ukraine during the latter's conflict with Russia.

Top German Companies Hit Historic Debt Highs

The net financial debt of 150 of Germany’s largest listed companies reached its highest level ever this year, Handelsblatt newspaper reported on Sunday.

Ukraine to use new arms shipments to continue terrorist shellings of Russia

 Ukrainian armed forces will use new Western arms shipments to continue their terrorist shelling of Russian civilians, head of the Russian delegation to Vienna talks on military security and disarmament Konstantin Gavrilov said Wednesday.

South Korea Rejects Trump’s $1 Billion THAAD Demand

The South Korean government has quickly refuted U.S. President Donald Trump’s call for Seoul to pay $1 billion for the THAAD missile defense system.

German industrial federation expresses concerns about Turkey's referendum

The head of the Federation of German Industries (BDI), the nation's main industrial group, said Tuesday that the referendum in Turkey was "worrying" and could hurt Turkey's economic ties with European partners.

Germany Says US under Trump Must Abide by Trade Deals

Washington must stick to international agreements under the presidency of Donald Trump, German Finance Minister Wolfgang Schaeuble said Friday, but does not expect a major trade war despite the President-elect's attack on German car makers.

Rafale Deal Means Recognition of Competitiveness of French Aviation Industry

The signing of a contract on the purchase of 36 French-made Rafale fighter jets with India on Friday is a perfect confirmation of the competitiveness of the French aviation industry, French President Francois Hollande said.

Ukraine expects to lose 1 bln USD due to Russian restrictions in 2016

Ukraine will lose at least 1 billion US dollars this year due to trade and transit restrictions imposed by Russia, a Ukrainian official said Wednesday.

Ahead EU summit, German, French industries urge preservation of Schengen Agreement

On the eve of a crucial European Union (EU) summit this week to hammer out a deal with Turkey over the refugee and migrant crisis, leading German and French industry groups urged European governments to preserve the visa-free Schengen system, warning that a collapse of the system would endanger the prosperity of the region.

Israel to construct joint industrial zone with Jordan

Israel said Sunday it has issued a tender for the construction of a new bridge over the Jordan River, connecting Israel and Jordan, as part of a project to establish a joint industrial zone.

The Economic Bright Side of Migrant Crisis – (German Media)

Even though the need to accommodate hundreds of thousands of incoming migrants may cost the German budget around 10 billion euros next year, the positive effect this new situation could have on the country’s economy is hard to miss, German media wrote on Saturday.

Export outlook for German industry falls for fifth consecutive month (Ifo)

Export forecasts for German industry in August worsened again for the fifth consecutive month, research group Ifo institute announced on Wednesday.

German cars excluded from Crimea sanctions list

 German cars will not be included in sanctions on European investment in Crimea, the government in Berlin has revealed.

Friday’s confirmation from a spokeswomen for the German foreign minister, Sawsan Chebli, came after the EU imposed more sanctions on European investment in Crimea this week.

Russia may restrict import of Western cars, clothes in new sanctions tit-for-tat.-- (Vladimir Putin answered Russian journalists’ questions following the SCO summit)

Imports of Western cars and clothes into Russia could be restricted as part of a second round of “retaliatory” measures prepared in response to the sanctions against Moscow, says presidential aide Andrey Belousov.

There are many sellers of non-agricultural goods in the West who are heavily dependent on the Russian market, the official said.