Ukraine war boosts European demand for US weapons, but not big-ticket items

large and small drones Smaller drones and larger unmanned aircraft, which cost around $20 million without sophisticated sensors, cameras and other “extras”, have also appeared on shopping lists. Finland and Denmark began talks with General Atomics after Russia invaded Ukraine last February, a source familiar with the discussions told Reuters. They want to buy a […]

India’s services growth at six-month high on strong demand: PMI

India’s services industry saw activity increase at its fastest pace in six months during the last month of 2022, a private sector survey shows, boosting business optimism despite higher costs. The S&P Global India Services Purchasing Managers’ Index (PMI) (INPMIS=ECI) rose to 58.5 in December from 56.4 in the previous month, upsetting expectations of a […]

Tesla reports record quarterly deliveries but misses estimates

Tesla Inc reported record production and deliveries for fourth-quarter electric vehicles on Monday, but it missed Wall Street estimates, burdened by logistics problems, slowing demand, rising interest rates and recession fears . The world’s most valuable automaker delivered 405,278 vehicles in the last three months of the year, according to Refinitiv data, while Wall Street […]