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Analysis-Kone's new TK Elevator deal comes amid climate change on European champions

Analysis-Kone's new TK Elevator deal comes amid climate change on European champions

By Anne Kauranen, Elviira Luoma and Christoph Steitz HELSINKI/GDANSK/FRANKFURT, May 4 (Reuters) - Brussels' antitrust rules have already once helped derail an attempt to create the world's top lift maker, but Kone's proposed new tie-up with TK Elevator shows the Finnish group is banking on a change
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What to know about the US military presence in Europe as Trump seeks drawdown of thousands of troops

What to know about the US military presence in Europe as Trump seeks drawdown of thousands of troops

U.S. President Donald Trump’s pledge to shrink America’s military deployment in Germany is putting a new spotlight on the U.S. military presence in Europe
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Analysis-Trump's Germany troop cuts show limits of NATO efforts to keep US on board

Analysis-Trump's Germany troop cuts show limits of NATO efforts to keep US on board

By Andrew Gray and Lili Bayer BRUSSELS, May 4 (Reuters) - European officials have been working on ways to convince Donald Trump to keep the United States in NATO despite severe tensions over the Iran war.
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Euro area factories snapped up raw materials in April as optimism slumped amid Middle East war - PMI

Euro area factories snapped up raw materials in April as optimism slumped amid Middle East war - PMI

LONDON, May 4 (Reuters) - Euro area manufacturers rushed to build inventories of raw materials in April amid fears of further supply disruptions and higher costs linked to conflict in the Middle East while business confidence slumped to its lowest since late 2024, a survey showed on Monday.
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Challenges in Achieving Semiconductor Self-Sufficiency Highlighted

Challenges in Achieving Semiconductor Self-Sufficiency Highlighted

Challenges in Achieving Semiconductor Self-Sufficiency Highlighted
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Wall Street retreats, oil prices jump on conflicting reports of a strike on US Navy vessel near Iran

Wall Street retreats, oil prices jump on conflicting reports of a strike on US Navy vessel near Iran

Wall Street crept toward losses and oil prices jumped on reports that Iran struck a U.S. Navy vessel outside of the Strait of Hormuz, which the U.S. military has since denied
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STMicroelectronics Expands Role in UK Silicon Carbide Market Amid Growing Demand

STMicroelectronics Expands Role in UK Silicon Carbide Market Amid Growing Demand

STMicroelectronics Expands Role in UK Silicon Carbide Market Amid Growing Demand
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Germany Responds to U.S. Troop Withdrawal with Calls for Increased European Defense

Germany Responds to U.S. Troop Withdrawal with Calls for Increased European Defense

Germany is responding to the planned withdrawal of 5,000 U.S. troops by emphasizing the need for Europe to strengthen its own defense capabilities. German Defense Minister Boris Pistorius stated that the drawdown was expected and highlighted Germany's efforts to expand its armed forces and accelerate military procurement. The U.S. decision, announced by the Pentagon, is part of broader tensions between the U.S. and Europe, including disputes over trade tariffs and differing strategies in the Middle East. The withdrawal is expected to be completed within 6 to 12 months, but details about the redeployment of troops remain unspecified. NATO is working with the U.S. to understand the full implications of the decision.
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Europe shares inch lower as tariff threats drag automakers; investors assess Mideast progress

Europe shares inch lower as tariff threats drag automakers; investors assess Mideast progress

By Twesha Dikshit May 4 (Reuters) - European shares ticked lower on Monday as European automakers came under pressure following threats of a U.S. tariff hike, while investors awaited signs of progress in reopening the Strait of Hormuz.  U.S.
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U.S. Semiconductor Self-Sufficiency Deemed Unrealistic Amid Global Supply Chain Challenges

U.S. Semiconductor Self-Sufficiency Deemed Unrealistic Amid Global Supply Chain Challenges

U.S. Semiconductor Self-Sufficiency Deemed Unrealistic Amid Global Supply Chain Challenges
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Germany and U.S. Discuss Troop Presence Amid Planned Reductions

Germany and U.S. Discuss Troop Presence Amid Planned Reductions

Germany's Defense Minister Boris Pistorius has emphasized the importance of U.S. troops stationed in Germany for both countries' interests. This statement comes in response to the Pentagon's decision to cut 5,000 U.S. troops from Germany, which has raised concerns about the potential impact on NATO's deterrence capabilities against Russia. The U.S. currently has over 36,000 active-duty troops in Germany, and further reductions could take place according to President Trump. The NATO alliance is seeking clarification from Washington regarding the details of the troop cuts, as two senior U.S. Republican lawmakers have criticized the decision, arguing it could undermine deterrence and send the wrong signal to Russia.
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Pentagon Announces Withdrawal of 5,000 U.S. Troops from Germany Amid Iran War Tensions

Pentagon Announces Withdrawal of 5,000 U.S. Troops from Germany Amid Iran War Tensions

The Pentagon has announced the withdrawal of 5,000 U.S. troops from Germany, a move that reflects President Trump's response to perceived disloyalty from European allies during the Iran conflict. This decision is part of a broader strategy to encourage Europe to take on more security responsibilities. The withdrawal is expected to be completed within six to twelve months, reducing U.S. troop levels in Europe to pre-2022 numbers. The move has sparked concerns about the U.S.'s commitment to NATO and its long-term security strategy in Europe.