Lockheed Martin to buy Ultra Maritime for $3.45 billion
Lockheed Martin has signed a definitive agreement to acquire naval defense technology specialist Ultra Maritime from private equity firm Advent…
From the newsroom
Yen pinned near 40-year low with investors leery of intervention
The Japanese yen remains under heavy pressure, hovering around 162.20 per dollar—a multi-decade low not seen since December 1986. The…
Meta sued for $1.4 Trillion in financial penalties
Meta Platforms disclosed in a court filing that four U.S. states are seeking a staggering $1.4 trillion in financial penalties…
China smartphone sales drop 13% as memory costs limit discounts
Data from Counterpoint Research shows that smartphone sales in China fell 13% year-on-year during the highly anticipated 618 shopping festival…
Tamil Nadu record $59.3 billion in merchandise exports in FY26
The $59.3 billion performance by Tamil Nadu establishes the state as a core anchor of India’s global trade architecture, driven…
Microsoft layoff 4,800 workers in latest wave of job cuts
Microsoft has officially announced it is laying off 4,800 employees, representing roughly 2.1% of its global workforce. The structural shake-up…
Twitter fraud verdict: judge rejects Musk’s request
Key takeaways A US judge refused Elon Musk’s request to wipe out a jury ruling in the Twitter deal case.…
Lok Capital fund may get up to $40 million from IFC
Lok Capital fund may get up to $40 million from the International Finance Corporation, or IFC. Lok Capital fund is…
Hong Kong gold exchange link aims to boost yuan trade
Key takeaways Hong Kong gold exchange link is a new tie-up between Hong Kong’s bullion system and the Shanghai Gold…
Tencent release Hy3
Tencent’s AI division, the Hy team, has officially released Hy3 (Hunyuan Hy3), its final, production-grade foundation model. Upgraded significantly from…