Airbus urged the German government on Wednesday to ensure domestic firms get a big share of a near 4-billion-euro contract earmarked for the country’s next generation of heavy-lift military helicopters. German defense officials have said they want a low-risk heavy-lift helicopter that already exists, which means the likely supplier will be one of the two biggest U.S. weapons makers – …

Americans celebrate July 4 with leisure and gluttony Americans will celebrate Independence Day on Tuesday with fireworks, acts of gluttony and escapes to the beach, even for people in New Jersey where legislators brokered a last-minute deal to reopen state parks. In keeping with tradition, cities across the country will launch fireworks after dark, perhaps the most emblematic way to …

Sterling, which jumped last week on expectations of a BoE shift towards higher borrowing costs, fell after the Markit/CIPS UK Manufacturing Purchasing Managers’ Index(PMI) slipped to 54.3 from a downwardly revised 56.3 in May, a three-month low. The reading was below all forecasts in a Reuters poll of economists that had pointed to a reading of 56.5. It also contrasted …