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German state to secure 40% stake in KNDS weapons firm, sources say

Published on 21/05/2026 – 5:34 GMT+2 The German state is seeking a 40% stake in the tank and weapons maker KNDS, government sources familiar with the matter revealed to AFP on Wednesday. ADVERTISEMENT ADVERTISEMENT According to an “agreement reached regarding the state’s participation in KNDS”, this stake is to start…

UK minister ‘confident’ of steel pact with EU ahead of looming tariffs

The UK’s Minister of State for Trade, Chris Bryant, has suggested his government is closing in on a deal on steel with the EU that would see both sides avoid punitive trade restrictions introduced to shield domestic industries from oversupply. ADVERTISEMENT ADVERTISEMENT It comes as the Labour-led UK government pushes…