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Miner’s chief Jakob Stausholm outlines ambition to produce iron ore from $20bn development as soon as 2025
Charles Woodburn says major increases in armaments take years as defence group reports record order backlog
Ursula von der Leyen’s plans to use common funding for arms contracts meets resistance
Clarity sought on climate legislation as Seoul and Washington are brought closer by need to reduce dependence on China
Demand for air travel is booming in south and south-east Asia, which are less sensitive to US-China tensions
Planned upgrade follows defence review that highlighted Beijing’s military expansion in Pacific
Aluminium producer’s CFO says metals sector hit hard by high rates and rising building costs
Scandal over historic commission arrangements could cost the financial sector as much as £16bn
German conglomerate is still struggling with the costly fallout of its $63bn acquisition of Monsanto
Also in this newsletter: von der Leyen starts re-election campaign, Houthis resume ship attacks, FT pay survey
It is reasonable to ask if US support has made Europe neglect its security
Headcount to be reduced by almost a fifth after 71% plunge in profitability
Dashboard and seat maker aims to reduce workforce of 75,000 over five years to boost margins
Chief executive says company is hiring thousands of new staff for autonomous driving and AI
Strong American economy and tax incentives lure investors as Berlin frets over deindustrialisation
Natural sources of the gas are more abundant than expected and could supply energy needs for centuries, study shows
Industry says it can help lower costs and enable faster development of electric vehicles in the US and Europe
US carmaker writes to group’s owner seeking full transparency regarding allegations of personal misconduct
Chinese consumer shift to smaller battery cars that need less of the metal is also expected to cut usage
Producers of EV battery material fear collapse as supply glut from Indonesia knocks prices
VW and BASF show the difficulty of straddling the growing rift between values of investors and Beijing’s policies
Kremlin said to be developing space-based system but no ‘immediate threat’ posed
Brussels must fortify sector for a ‘rougher world’, commission president warns in interview with FT
The impact of regulatory crackdowns tends to be bigger than initially thought
European aerospace group’s engine supplier Safran also expects material shortages and hiring issues to continue
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