Weeks after China unveiled its lightweight but powerful Type 100 main battle tank featuring diesel-electric propulsion, the US Army’s pursuit of a similar design for a hybrid-electric next-generation version of the Abrams tank faces a new strategic hurdle. Beijing has imposed export controls on the advanced lithium batteries critical for powering such next-generation military systems,…
By John Irish and Gwladys Fouche UNITED NATIONS/OSLO (Reuters) -A spat between the United States and Norway over the Nordic country’s wealth fund’s divestment from U.S. construction equipment-maker Caterpillar appears to be coming to an end, Norwegian Foreign Minister Espen Barth Eide said. Washington and Oslo have been at odds over the decision by Norway’s…
By Anshuman Tripathy and Aishwarya Jain (Reuters) -Caterpillar’s shares lost as much as 3% before the bell on Friday, a day after the heavy-equipment maker forecast higher tariff-related expenses for 2025, as companies scramble to assess the impact of shifting U.S. trade policy. Industrial machinery makers are facing higher costs and sluggish demand from U.S….
By Shivansh Tiwary and Nathan Gomes (Reuters) -Industrial machinery makers are being battered by steeper costs from U.S. President Donald Trump‘s sweeping tariffs, with sluggish demand and high interest rates leaving little room to pass those expenses onto customers. Caterpillar and Deere, both sector bellwethers, have flagged hefty tariff-related hits this year, most of which…
The Dow Jones Industrial Average and other major indexes remained mixed but weakened further Thursday midday, as investors scoured over earnings reports and President Donald Trump announced his chip tariff plan. Trump also made comments about the leader of Intel, causing its shares to sink on the stock market today. The Dow Jones Industrial Average…