The price of oil (as measured by Brent crude) fell nearly 2% overnight as traders digested the U.S. invasion of Venezuela and the capture of its dictator, Nicolás Maduro. Perhaps counterintuitively, they concluded that this would not have much effect on the price of oil—at least in the short term.U.S. oil company stocks jumped up sharply in overnight trading. Chevron was up 7.82% premarket, Halliburton was up 8.45%, ConocoPhillips rose 7.54%, and ExxonMobil climbed 3.95%.That, again, was something of a sur ...

Defense stocks in Europe and Asia surged on Monday as investors assessed how the dramatic overthrow of Venezuelan leader Nicolas Maduro could herald a significant geopolitical shift that will boost the rearmament trade in the long run.Rheinmetall, Germany's largest arms manufacturer, gained over 7% in early trade, while military technology and surveillance specialist Hensoldt advanced almost 7%. Italy's Leonardo rose 5.8%, while German counterpart Renk added 5.8%.Swedish fighter jet maker Saab was up almost ...

German arms manufacturer Rheinmetall , one of the main beneficiaries of a boost in European defence spending, reported a 20% rise in consolidated sales, to 7.52 billion euros ($8.77 billion), in the first nine months of the year on Thursday. ...

The design is modular and containerised, meaning the laser module is self-contained, enabling potential deployment on ship decks or land platforms. The declared aim: defend against drones, unmanned swarms and small surface threats far more cost-effectively than conventional missiles.While precise cost-per-engagement figures are not publicly verified, industry commentary emphasises that Also read: Germany’s defence posture has shifted accordingly. In 2024, military expenditure reached approximately US $88.5 ...

Drones—or unmanned aerial vehicles, known as UAVs—emerged as a crucial part of war in Ukraine. - genya savilov/Agence France-Presse/Getty Images LONDON—The business of making military drones could be the defense sector’s biggest bubble, the chief executive of rapidly growing arms giant Rheinmetall said. Drones—or unmanned aerial vehicles, known as UAVs—emerged as a crucial part of war in Ukraine and arms makers including Lockheed Martin, Anduril and a host of startups are either producing them or announc ...

German arms giant Rheinmetall plans to manufacture artillery shells for Ukrainian forces at a future production plant in Ukraine, Kyiv's defence minister said on Thursday. ...