From Rheinmetall Slump to KNDS Retreat: Investor Sentiment Turns on European Defense

07/09/2026
By Pierre Tran Paris. KNDS, a Franco-German builder of land weapons, said July 1 it has suspended its announced flotation in Paris and Frankfurt, citing “market volatility” in the arms sector on European stock markets. The company told investors it was switching tracks just a week after launching a long-awaited…

The Portuguese Invented the Choke Point

07/06/2026
By Robbin Laird When visiting Bahrain some years ago, I made a point of seeing the Portuguese fort. Standing inside those ancient walls, looking at the stonework — Arab foundations overlaid with Portuguese military engineering — I was struck by a simple but powerful thought: the strategic logic that drove…