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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Volkswagen, Renault, Mercedes-Benz, Porsche — the number of European carmakers eyeing the fast-growing defence sector for growth is increasing almost by the week.The logic is simple: a struggling automotive industry with plenty of spare capacity because of weak sales could help fill its factories with booming defence orders as the entire continent re-arms. Germany is expected to spend more than €750bn on its military by the end of 2030.But dig into the details and much of the activity seems more about generating…
A person shields themselves from the rain while walking near the Bank of England building on the day the Monetary Policy Committee lowered interest rates, in London, Britain, Dec.18, 2025. Toby Melville | ReutersU.K. inflation held at 2.8% in May, slightly below expectations, official figures showed on Wednesday. Economists polled by Reuters had been expecting the annual inflation rate to rise to 3% in May. Inflation cooled to 2.8% in April, but the drop — attributed to a change to the U.K.’s regulated energy price cap — was expected to be short-lived. The price cap is due to rise by…
CML Microsystems reports revenue decline on inventory issues Source link
“If you are a developer using Claude as your primary coding assistant with Opus, you will blow past breakeven in the first week,” developer Matthew Diakonov writes in that analysis. “For anyone using agents heavily, this is a major cost increase,” the developers behind code editor Zed warned its users after Anthropic announced the Agent SDK price change plans. On Monday, though, Anthropic gave these power users a pricing reprieve, updating its billing support page to say that it was “pausing the changes to Claude Agent SDK usage described below.” The company says that “for now, nothing has changed” and…
Stockcam | E+ | Getty ImagesThis report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchBuried in my loft, alongside decades-old reporter’s notebooks, is a collection of volumes each about the size of a copy of Vanity Fair — albeit not as glossy — containing lists of brokers’ analysts.Beside individual names, listed by the sectors they covered, are my handwritten notes — the analyst’s (or their market maker’s) direct phone number, plus observations on the individual, such as “chatty” or “won’t talk to reporters.”These were essential tools of the trade for financial journalists in the 1990s, writing either on individual companies or…
In this screen grab from a video released by U.S. Central Command, U.S. forces operating in the Arabian Sea enforced naval blockade measures against an Iranian-flagged cargo vessel attempting to sail toward an Iranian port on April 19, 2026 in the Arabian Sea.U.S. Central Command | Getty ImagesAt least three Iranian tankers carrying nearly five million barrels of crude oil have exited the U.S. Navy blockade in the Strait of Hormuz in the first such outbound shipment in two months, as shipowners cautiously reposition ahead of a U.S.-Iran deal signing in Geneva on Friday. Two supertankers named Diona and Hero…
Toyota shareholders back Toyoda as chairman and new CEO Kon at annual meeting Source link
Amazon now has hundreds of flight-ready satellites standing idle in Florida, waiting to join the company’s low-Earth orbit Internet constellation, an Amazon official said Tuesday. “They’re built, and sitting in a payload processing facility waiting for trips to orbit,” said Steve Metayer, vice president of Amazon Leo Production Operations, during a teleconference with reporters. “And we’re currently manufacturing several satellites a day.” Metayer spoke on the eve of the company’s next mission, during which an Ariane 64 rocket will launch three dozen Amazon Leo satellites into orbit from a spaceport in French Guiana. Liftoff is targeted for 7:53 am ET…
National Students Union of India (NSUI) workers hold placards featuring India’s Education Minister Dharmendra Pradhan during a protest against the National Testing Agency (NTA) over alleged exam paper leaks and the subsequent rescheduling of the National Eligibility-cum-Entrance Test (NEET) in Hyderabad, Telangana, on June 13, 2026. Nurphoto | Nurphoto | Getty ImagesMessaging platform Telegram slammed the Indian government’s move to temporarily block access to the app to prevent exam fraud, stating that it punishes 150 million ordinary users rather than those guilty of leaking the test papers.On Tuesday, Indian authorities restricted access to Telegram in an effort to prevent exam…
China’s Xiaohongshu prepares Hong Kong IPO at over $70 bln valuation – WSJ Source link