Close Menu
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur
  • Finance
  • Fund
  • Investment
  • Marketing
  • Stock
  • World
  • Business

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur

    21 Great Business Ideas for Nurse Entrepreneurs

    March 27, 2024

    EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

    March 27, 2024

    Victims of Baltimore bridge collapse include father of three and budding entrepreneur

    March 27, 2024

    Until April 2nd, get great discounts with lifetime access to this stock market app

    March 27, 2024

    Secure and reliable project management support for $25

    March 27, 2024
  • Finance

    Rocket Pharmaceuticals Announces Appointment of Aaron Ondrey as Chief Financial Officer and Additional Updates to Corporate Leadership Team

    March 26, 2024

    Reddit ignites resurgence in meme stocks, further sign of ‘bull market on all fronts’

    March 26, 2024

    Walmart stock plummets, retail giant expected to see further growth

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024
  • Fund

    Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

    March 29, 2024

    Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

    March 29, 2024

    The LDP slush fund scandal: What will make po

    March 29, 2024

    City of San Antonio seeks dismissal of Reproductive Justice Fund lawsuit

    March 29, 2024

    Clashes expected between Biden fundraisers and President Trump during preview visit to New York

    March 29, 2024
  • Investment

    Amazon (NASDAQ:AMZN) accelerates investment in humanity and accelerates AI drive

    March 28, 2024

    Recent trends in Kazakhstan’s investment situation

    March 28, 2024

    City of South Bend shares plans for Madison Lifestyle District with more than $330 million in private investment

    March 28, 2024

    OKX Ventures announces strategic investment in MyShell, a pioneer in AI-integrated Web3 technology

    March 28, 2024

    Reform of the EU Foreign Direct Investment Screening Regulation – How might M&A Transactions be impacted? | Mayer Brown

    March 28, 2024
  • Marketing

    Premium hospitality is on fire

    March 27, 2024

    S&P 500 sets record as Wall Street emerges from lull

    March 27, 2024

    DevvStream Announces Multi-Year Agreement to Sell CFR Credits with Major Logistics and Marketing Company

    March 27, 2024

    Global online dating services market by service (casual dating, matchmaking, niche dating), subscription (annual, monthly, quarterly), age group, and gender

    March 27, 2024

    Tower Federal Credit Union Receives Two CUNA Diamond Awards for Creative Excellence in Marketing

    March 27, 2024
  • Stock

    Forget Tesla: We think the ‘Magnificent Seven’ should replace this stock

    March 27, 2024

    Forget about Tesla: One of the unstoppable artificial intelligence (AI) stocks belongs to the ‘Magnificent Seven’ instead

    March 27, 2024

    2 Artificial Intelligence (AI) Stocks with Potential for Parabolic Growth

    March 27, 2024

    Mr. Powell’s comment

    March 27, 2024

    What you need to know about Trump Media’s stock debut

    March 27, 2024
  • World

    Take a look inside the New York Stock Exchange, the world’s largest stock market

    March 26, 2024

    China challenges Biden’s electric vehicle plan at World Trade Organization

    March 26, 2024

    Wolfspeed joins Senator Thom Tillis and key officials to conquer world’s largest and most advanced silicon carbide facility

    March 26, 2024

    Amy Brenneman, Raviv Ullman, Jeremy Love, cast and others in ‘Galilee’ world premiere, 34 years old

    March 26, 2024

    These beauty brands are among the most innovative companies in the world

    March 26, 2024
  • Business

    Canadian business leaders say housing should be a top federal budget priority

    March 27, 2024

    The power of mentorship in business

    March 27, 2024

    Los Angeles County business owner forced to pay damages after SWAT raid

    March 27, 2024

    Chinese President Xi meets with foreign business leaders amid economic uncertainty | Business and Economic News

    March 27, 2024

    China’s Xi Jinping meets with US business leaders in Beijing

    March 27, 2024
The Elite TimesThe Elite Times
Home»Stock»Defense company president says it will take Europe 10 years to increase arms stockpiles
Stock

Defense company president says it will take Europe 10 years to increase arms stockpiles

The Elite Times TeamBy The Elite Times TeamFebruary 13, 2024No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email

[ad_1]

  • Written by Jessica Parker
  • BBC Berlin correspondent
February 12, 2024

Updated 1 hour ago

image caption,

Danish Prime Minister Mette Frederiksen, German Chancellor Olaf Scholz, Defense Minister Boris Pistorius, and Rheinmetall CEO Armin Pappelger visit the site of Rheinmetall’s new factory in Lower Saxony

The head of Germany’s largest defense company, Rheinmetall, told the BBC that it would take 10 years for Europe to be fully ready to defend itself.

Armin Papelger said ammunition stocks are currently “empty.”

He made the comments during a visit by Prime Minister Olaf Scholz to the groundbreaking ceremony for a major new arms manufacturing plant in Lower Saxony.

Defense Minister Boris Pistorius and Danish Prime Minister Mette Frederiksen also attended.

The comments came a day after U.S. presidential candidate Donald Trump’s comments sparked fresh alarm in Europe.

The front-runner for the Republican nomination once told world leaders that they would not protect NATO members who don’t pay their dues and would even “encourage” aggressors to “do whatever they want.” said, said.

Rheinmetall has announced that it will invest more than $300m (£274m) in the new facility. It is expected to eventually produce 200,000 shells per year.

Papelger said it would take a “long time” to prepare for “an aggressor who wants to fight NATO.”

“Three or four years is fine, but you need 10 years to really prepare,” he said.

“We have to produce 1.5 million rounds.” [of ammunition] He said a huge amount of European ammunition was sent to Ukraine, leaving little in European stocks.

“As long as there is a war, we have to help Ukraine, but after that we have to help Ukraine. [will] It will take at least 5 years, but 10 years to be completely filled. [ammunition stocks] Go up,” he said.

Scholz initially declined to say whether he was concerned about Trump’s comments, saying he was “absolutely convinced” that NATO was “essential” to the United States, Canada and European countries.

Late Tuesday, he posted on X (formerly Twitter) calling Trump’s comments “irresponsible and dangerous.”

Asked by the BBC if he thought Europe needed to be prepared to deal alone if the US withdrew its aid, Mr Frederiksen said Europe had to be ready “for whatever it takes”. Stated. He added that “Russia is becoming increasingly aggressive” is proof that Europe needs to scale up.

“We have to pick up speed. That’s why I’m here today,” she said.

Almost two years have passed since Chancellor Scholz declared the Zeitenwende, a turning point in Germany’s foreign and defense policy, in response to President Putin’s full-scale invasion of Ukraine.

There was a widespread recognition that the policy of “transformation through trade” with Russia had failed.

Allies expected Germany, Europe’s largest economy, to take an increasingly active role in security and to let down its traditional guard.

image caption,

Dr. Claudia Major says Europe cannot currently protect itself without US support

However, by 2023, Germany would be the majority of NATO members and was expected to miss the 2% spending target.

Berlin is expected to reach 2% in 2024, but that will come from a one-time fund.

According to Dr. Claudia Major of the German Institute for International Security Studies, Europe has further increased its investment since Russia’s full-scale invasion of Ukraine.

“But if we are very honest, at the moment we know that in a conventional conflict, Europeans cannot defend themselves without the support of the United States,” she added. .

She said that while “much has been done” since Zeitenwende, it is still not enough to address the full range of global security challenges.

Papelger agreed that Zeitenwende is “more than just words” and believes that trust between the government and defense contractors has improved.

Rheinmetall’s stock price has been steadily rising since Russia’s full-scale invasion of Ukraine.

Germany’s past, in which rearmament led to devastating conflicts in the 20th century, weighs heavily on this debate.

No one knows what will happen in this year’s US presidential election, but Mr. Trump’s recent remarks are said to be a wake-up call for all of Europe, but they are far from the first.

[ad_2]

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleNFO Alert: Union Mutual Fund launches Union Business Cycle Fund.Everything you need to know
Next Article Investing in Lantek Expert and Lantek iQuoting pays off
The Elite Times Team
  • Website

Related Posts

Forget Tesla: We think the ‘Magnificent Seven’ should replace this stock

March 27, 2024

Forget about Tesla: One of the unstoppable artificial intelligence (AI) stocks belongs to the ‘Magnificent Seven’ instead

March 27, 2024

2 Artificial Intelligence (AI) Stocks with Potential for Parabolic Growth

March 27, 2024
Leave A Reply Cancel Reply

Demo
Latest Posts

21 Great Business Ideas for Nurse Entrepreneurs

March 27, 2024

EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

March 27, 2024

Victims of Baltimore bridge collapse include father of three and budding entrepreneur

March 27, 2024

Until April 2nd, get great discounts with lifetime access to this stock market app

March 27, 2024
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss

The Chamber’s “Business After Hours” event brings together business and industry interests that share a common goal – Grand Forks Herald

By The Elite Times TeamDecember 31, 2023

[ad_1] Editor’s note: The following is part of an occasional Herald series about how Grand…

Business Profile: Skradski Family Funeral Homes looks to the future | News, Sports, Jobs

January 2, 2024

Jeffrey Epstein’s court documents released without name

January 4, 2024

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
About Us
About Us

Welcome to [Your Website Name], your go-to source for comprehensive information on funds, investments, and the latest in stock news. We are dedicated to providing you with accurate, insightful, and up-to-date content to empower your financial decisions.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Most Popular

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Teenage Girl Finds Mom’s Debit Card, Spends $64,000 on Mobile Games

January 9, 2020

Apple’s Beats Studio Pro Headphones Listed in FCC Database Ahead of Launch

January 10, 2020
© 2025 theelitetimes. Designed by theelitetimes.
  • Home
  • About us
  • Contact us
  • DMCA
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.