European aerospace groups unveiled a preliminary deal on Thursday to pool their loss-making satellite manufacturing activities, combining forces after months of negotiations to counter the runaway growth of rivals led by Elon Musk’s Starlink. The keenly awaited deal between Airbus, Thales and Leonardo would create a new venture starting from 2027, subject to approval by…
President Museveni has called on European countries to take advantage of their proximity to Africa and increase investments on the continent for mutual economic growth and prosperity. Speaking during a meeting with a high-level Austrian delegation on the sidelines of the 19th Ministerial Meeting of the Coordinating Bureau of the Non-Aligned Movement (NAM) at Speke…
It’s that time of the year when the CNBC International team gets to cross the Atlantic for a full week of coverage from Washington, D.C. While we may be on American soil, Europe will take center stage as we speak to central bank governors and finance ministers from across the continent who are attending the…
Binesh George, CEO and co-founder, Redvine. SD-WAN and networking service provider Redvine Networks is banking on its success in Africa to help cement its expansion into Europe and the offer of a viable alternative to traditional network providers. SD-WAN integrates edge, gateway and orchestrator technologies to ensure the optimal delivery of data between organisations and…
BMW South Africa CEO Peter van Binsbergen South Africa and Europe should collaborate on building an alternative “value chain” for electric vehicle components such as batteries to reduce dependence on China, the CEO of BMW South Africa said, calling for a national-level strategy. South Africa, which accounts for 51% of Africa’s vehicle output, is seeking…
Danish Prime Minister Mette Frederiksen has warned that Europe must arm itself to respond to Russia’s hybrid warfare. “I hope that everybody recognises now that there is a hybrid war and one day it’s Poland, the other day it’s Denmark, and next week it will probably be somewhere else that we see sabotage or we…
Rachel Hagan & Ruth Comerford BBC News Reuters A major blaze in Turkey forced hundreds from their homes A scorching heatwave is fuelling dozens of wildfires across parts of southern Europe, forcing thousands of people from their homes and pushing temperatures above 40C (104F). Red heat alerts have been issued in parts of Italy, France,…
It’s the bilateral summit every European leader wants to be at. And for good reason. On Friday, Donald Trump is scheduled to meet Vladimir Putin in Alaska to discuss ending the war in Ukraine. Territorial concessions will likely be discussed, and Europe (not least Ukraine) doesn’t want its borders to be redrawn through force. But,…
Fires threaten a UNESCO World Heritage Site in Spain as temperatures hit new records. A new heatwave has gripped parts of Europe, sending temperatures up to 43 degrees Celsius (109.4 degrees Fahrenheit), with wildfires wreaking havoc and forcing evacuations as the impact of global warming is keenly felt on the continent. Firefighters in northwestern Spain…
European allies have rallied behind Ukraine in a renewed surge of support, insisting that any peace talks with Russia must include Kyiv. It comes as Donald Trump prepares to hold talks with Russian President Vladimir Putin in Alaska on Friday. “The path to peace in Ukraine cannot be decided without Ukraine,” said a joint statement…
