KNDS, Europe’s largest land-warfare equipment manufacturer, has launched a dual listing in Paris and Frankfurt that would value the group at €12bn–€15bn. Germany is set to take a 40% stake, while France is expected to cut its holding to 40%, leaving 20% to be floated. The move strengthens KNDS’s position as a core rival to Rheinmetall. Germany’s decision to cancel the Rheinmetall-led F126 frigate programme in favour of TKMS, alongside criticism from the Monopolies Commission over concentrated defence procurement, has fuelled market concerns about the durability of its orders and margins.

German startup Planet A Foods has launched ChoViva, a chocolate alternative made from sunflower seeds, which has been adopted by multiple mid-sized and large European chocolate manufacturers. The company says ChoViva carries a 73.6% lower carbon footprint than conventional chocolate and does not rely on cocoa beans. The article links the industry’s push toward alternative ingredients to the cocoa crisis spanning 2024–2025 and projections that around 2050, 50% of global cocoa supply could be lost. Planet A Foods produces 10,000 tonnes of ChoViva a year, with partners including manufacturers in Switzerland, Belgium and France’s Abtey.

UN climate negotiations in Bonn deadlocked after oil-exporting countries including Saudi Arabia, the UAE and Kuwait, along with India, opposed stronger scientific language and resisted a roadmap to phase out fossil fuels. The meeting failed to reach an agreement on climate finance and did not advance enforcement mechanisms for the 1.5°C goal. The stalled outcome undermines near-term expectations of tighter global energy policy, offering support to crude prices and upstream oil and gas firms without triggering immediate supply disruptions or abrupt regulatory shifts.

SpaceX received investment-grade credit ratings from Moody’s, S&P Global and Fitch in its first week as a public company, at Baa1/BBB/BBB+ respectively. The stock still fell more than 18% in a single session, sliding from a $225.6 high to $185 after its market value briefly topped $3 trillion. The rating reports cited heavy AI capital spending, sustained negative free cash flow, and dependence on Starship progress and Elon Musk’s leadership.

Foxconn与法国Bull在巴黎VivaTech宣布合作，在法国安茹组装面向欧洲AI工厂的AI服务器，明确采用Nvidia芯片；Nvidia同期联合Mistral AI推出主权AI云平台Mistral Compute，并重申20+欧洲AI工厂建设计划。事件强化Nvidia在欧洲AI基础设施供应链的核心地位，构成其GPU出货量与长期合同落地的实质性催化剂。

Wall Street investors are rallying around a new “FAB 10” label that extends the “Magnificent 7” to include SpaceX, OpenAI and Anthropic. The shift follows SpaceX’s high-profile listing and reflects expectations that OpenAI and Anthropic could pursue IPOs later this year. While the tag is not a tradable basket, it reinforces a narrative that the AI theme is spreading beyond a handful of megacaps, particularly benefiting chip and semiconductor-equipment suppliers.

Former US National Security Adviser John Bolton said Iran “played” President Donald Trump in negotiations, arguing Trump accepted a framework agreement to keep Gulf oil flowing and gasoline prices down. He said the deal’s details have not been made public, raising questions about Iran’s uranium enrichment, the scope of sanctions relief and how the Strait of Hormuz would be kept open. The episode is closely tied to oil and gasoline markets, as concerns that the agreement weakens deterrence could heighten fears of supply disruption in the Gulf, he said in an interview with Euronews.