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EU faces key summit on using Russian assets for Ukraine
EU faces key summit on using Russian assets for Ukraine
by  AFP

EU leaders are under pressure to hammer out how to keep financing Ukraine at a summit starting Thursday -- with key player Belgium resisting a push to use frozen Russian assets. EU officials have promised leaders will not leave the summit until they agree how to keep funding Ukraine -- setting up potentially marathon talks in Brussels.

Small firms join charge to boost Europe's weapon supplies
Small firms join charge to boost Europe's weapon supplies
by  AFP

European nations have committed themselves to huge hikes in spending on weapons, with giant defence firms reaping the early rewards -- but the signs are that smaller companies and investors are now beginning to mobilise.

German shipyard, rescued by the state, gets mega deal
German shipyard, rescued by the state, gets mega deal
by  AFP

German shipyard Meyer Werft has received a mega order worth up to 10 billion euros ($11.7 billion), officials said Monday, a boost for the shipbuilder after a state rescue last year. "We talk about shipyards differently than we did even two years ago because they are systemically important," said Olaf Lies, minister president of Lower Saxony state, where Meyer Werft has its headquarters.