Europe

US defence contractor Covenant plans to produce medium-range missiles near Leipzig, targeting up to 1,000 units annually from 2027. The missiles, expected to exceed 1,500 kilometres in range, are part of Germany’s strategy to enhance its long-range strike capabilities with cost-effective armament solutions.

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More than 200 people in Ukraine’s Bucha district were evacuated after a Russian drone strike ignited a significant fire at a warehouse, injuring at least six and causing fatalities. Emergency teams are on-site, while a pre-trial investigation into potential negligence regarding storage conditions has been launched.

EUROPE MORNING BRIEFING

Italy’s Industry Minister Adolfo Urso has called for the suspension of the EU’s carbon market this morning, highlighting concerns for European businesses amid rising energy costs. His remarks come as the bloc prepares a forthcoming review.

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