Business

Defense Stocks Plunge on Germany’s Naval Program Scrapping

Updated 2026-06-25 09:40 UTC 1 source Negative

European defense stocks, including Rheinmetall, declined after Germany canceled the F126 naval program. This move raises concerns about Europe's rearmament efforts.

Coverage timeline — 2 articles

CNBC

Defense stocks slide again, as Germany’s naval U-turn shakes confidence in Europe’s rearmament boom

Rheinmetall and other European defense stocks fell for a second day, after Germany scrapped the F126 naval program, raising procurement concerns.

2026-06-25 09:11 UTC

CNBC

Amazon adds new funding, lifting India AI and cloud investment to $48 billion

Amazon announces fresh investment of $13 billion to expand AI and cloud infrastructure in India, taking its total investment to $48 billion.

2026-06-25 09:19 UTC