Arxis aims for multi-billion valuation in US initial public offering

Aerospace components manufacturer Arxis is preparing for a major debut on Wall Street, targeting a valuation of more than $11 billion in its planned initial public offering (IPO) in the United States. The company’s listing comes at a time when defense and aerospace-related firms are attracting increased investor attention. Heightened......

Fedex freight sets growth targets ahead of planned spinoff

FedEx is preparing a major strategic shift as its freight division, FedEx Freight, outlines ambitious growth targets ahead of its planned separation into an independent company. The unit, which specializes in less-than-truckload (LTL) shipping services, has announced medium-term goals that include steady revenue expansion and operating profit......

Iran ceasefire remains fragile as Trump pushes for progress, says JD Vance

The fragile ceasefire in Iran remains under close scrutiny as JD Vance warned that its future depends largely on the willingness of Iranian authorities to engage in serious negotiations. Speaking on Wednesday, JD Vance described the truce as “fragile” and stressed that the situation could quickly......

Italy defends US base agreements, says country not at war with Iran

Italy has reaffirmed its commitment to longstanding defense agreements with the United States while firmly rejecting claims that such cooperation places the country at war with Iran. The statement comes amid growing international tensions and political debate over the use of US military bases located on Italian soil. Italian Defense Minister......

EU welcomes US-Iran ceasefire and calls for lasting peace efforts

Leaders of the European Union have welcomed the recent ceasefire agreement between the United States and Iran, describing it as an important step toward easing tensions in the region. Ursula von der Leyen, President of the European Commission, highlighted that the agreement provides a much-needed opportunity to reduce escalation and stabilize......

European energy stocks fall as oil prices drop after Iran ceasefire

European energy shares declined sharply following a significant drop in oil prices after a ceasefire agreement between the United States and Iran eased geopolitical tensions. Major companies including Equinor, BP, Shell, Eni, and TotalEnergies recorded notable losses as markets reacted to the sudden shift in outlook. The ceasefire reduced......

General motors recalls thousands of vehicles in the US over rearview camera defect

General Motors has announced a large-scale recall of more than 270,000 vehicles in the United States due to a defect affecting rearview camera systems. According to the National Highway Traffic Safety Administration (NHTSA), the issue may cause the camera display to show a distorted image or go blank, reducing the driver’s ability to......

Anthropic revenue tops $30 billion as tpu deal expands capacity

Anthropic said its annualized revenue has surpassed $30 billion, marking a sharp acceleration from about $9 billion at the end of 2025 and roughly $19 billion in late February. The company also reported that the number of enterprise clients spending more than $1 million annually has doubled to over 1,000. The milestone comes alongside a major......

Us ambassador reaffirms support for Morocco autonomy plan at Gitex Africa

GITEX Africa Morocco 2026 opened in Marrakech with geopolitical and economic signals alongside technology discussions, as Richard Duke Buchan III reiterated Washington’s backing of Morocco’s autonomy plan. Speaking during the opening ceremony, the US ambassador said the proposal remains the only credible path toward a lasting......

Apple shares slide on foldable iPhone delays and App Store growth concerns

Apple shares fell sharply on Tuesday, weighed down by a report citing technical setbacks affecting the company's first foldable iPhone and fresh analyst data pointing to a slowdown in App Store revenue growth. The stock ranked among the weakest performers on the Dow Jones Industrial Average during the session. A Nikkei Asia report published......

Vance warns of unused military options as US strikes intensify on Iran's Kharg Island

U.S. Vice President JD Vance warned Iran on Tuesday that Washington retains untapped military capabilities, speaking alongside Hungarian Prime Minister Viktor Orbán in Budapest as American forces struck dozens of military targets on Kharg Island, Iran's most critical oil export terminal, hours before a presidential deadline demanding......

IMF warns Iran war is fueling inflation and slowing global growth

Six weeks into the U.S.-led military campaign against Iran, the economic fallout is accelerating. The closure of the Strait of Hormuz, a strategic passage through which roughly 20% of the world's oil supply flows, has sent crude prices surging, pushed U.S. gasoline to its highest level in nearly four years, and drawn warnings from the......

China's electric vehicle shift cushions the blow of Iran war oil shock

As conflict involving the United States, Israel, and Iran continues to destabilize global energy markets and effectively close the Strait of Hormuz, China's long-running transition toward electric vehicles and renewable energy is providing the world's largest crude oil importer with a notable economic buffer against surging oil prices. Reuters......

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