Rheinmetall shares have nearly tripled since President Donald Trump’s military spending demands, making CEO Armin Papperger the face of Europe’s rearmament.

The German chancellor expressed his country’s support for Ukraine and pushed Trump to apply more pressure on Russia.

German Chancellor Olaf Scholz will be the first Western leader to visit Beijing this week as leader Xi Jinping leans toward Russia. Geopolitical tensions are driving a wedge between the two countries ...