Swedish defense group Saab reported stronger-than-expected second-quarter earnings and raised its 2025 sales guidance, as rising global defense budgets continue to fuel demand for its combat systems and aircraft. Shares rose over 12% after the company posted operating income of 1.98 billion Swedish kronor ($204 million), comfortably ahead of analyst…
Reliance Retail announced the acquisition of Kelvinator on Friday, a brand that was once a regular feature in Indian homes.The deal was made public on Friday without revealing the financial specifics, but the move clearly fits with Reliance’s ongoing push into the consumer durables space.Kelvinator isn’t a big name in…
Asian markets ended Friday on a mixed note. While strong global economic data provided some support, local issues and sector-specific setbacks kept gains in check.In India, the Sensex took a sharp hit, falling over 500 points. The drop came amid broad-based selling, weaker-than-expected results from major banks, and lingering concerns…
The global IPO market remained broadly flat in the first half of 2025, with 539 deals raising US$61.4 billion, matching the deal count from the same period last year but posting a notable uptick in proceeds. However, momentum slowed in the second quarter, which saw only 241 IPOs and US$31.5…
Donald Trump’s administration is preparing to sign an executive order that could radically transform the US retirement landscape by opening the country’s $9 trillion 401(k) market to cryptocurrencies, gold, private equity, and other alternative assets.The move—confirmed by three sources cited in the Financial Times report—would represent the most significant regulatory…
In a sweeping reform of the UK’s democratic process, the Government has confirmed that 16- and 17-year-olds will be allowed to vote in the next general election.The change, which aligns voting rights across all four nations of the UK, is expected to extend the franchise to over 1.5 million new…
Jaguar Land Rover (JLR) is preparing to slash up to 500 management roles in the UK, citing mounting pressure from American trade tariffs and declining exports. The announcement comes just weeks after the carmaker paused shipments to the United States, following a spike in import duties triggered by a new…
The UK’s national debt has quietly shrunk by millions of pounds after an unexpected move by a little-known government body.The Commissioners for the Reduction of the National Debt took a large private donation, invested it in a government bond, and then canceled the corresponding debt, shaving a small amount off…
Amazon Web Services (AWS), the cloud computing wing of Amazon, laid off several hundred employees on Thursday as part of a broader effort to tighten operations across the company. The job cuts come amid Amazon’s ongoing push to focus on high-priority areas, especially as artificial intelligence and automation continue to…
Japan’s key measure of consumer prices cooled slightly more than expected in June, but remained well above the Bank of Japan’s target. This persistent inflation continues to exert pressure on Prime Minister Shigeru Ishiba’s government, which faces a crucial national election on Sunday, and keeps the central bank on a…