PRESS DIGEST-Financial Times - May 5

ReutersMay 5, 2026 2:25 AM

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The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

Rheinmetall's first-quarter revenues fail to meet expectations

EU blocks funds for key Chinese solar energy parts

Elon Musk and SEC propose to settle Twitter lawsuit for just $1.5 million

Peter Thiel backs $1 billion ocean data centre start-up powered by waves

Overview

German arms giant Rheinmetall's RHMG.DE revenue for the first quarter has fallen short of expectations as booming European defence budgets failed to translate into sufficient orders.

The European Union has blocked public funding for Chinese providers of a key technology used to install solar panels and other energy infrastructure, citing security concerns.

Elon Musk's trust has agreed to pay $1.5 million to settle a case in which the U.S. Securities and Exchange Commission accused him of failing to properly disclose stakes in Twitter, a fraction of the sum it claimed the billionaire gained by breaching regulations.

U.S. tech billionaire Peter Thiel is leading a $140 million investment in Panthalassa, a start-up that plans to use wave energy to fuel giant fleets of floating data centres.

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