Defense
Joby, L3Harris partner on hybrid defense craft that can be piloted or autonomous
A Joby Aviation electric vertical take-off and landing (eVTOL) aircraft during an event at Edwards Air Force Base in Edwards, California, US, on Monday, Sept. 25, 2023. Air taxi start-up Joby Aviation Inc. today announced it has delivered its first eVTOL to the US Air Force. Bloomberg | Bloomberg | Getty Images Joby Aviation and […]
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Hanwha Ocean shares surge over 16% after U.S.-Korea trade deal
Adie Bush | Connect Images | Getty Images Shares of Hanwha Ocean surged as much as 16.06% on Thursday to their highest levels since July 2015, following U.S. President Donald Trump’s announcement of a blanket 15% tariff on Seoul’s exports to the U.S. According to Reuters, Kim Dong-kwan, the vice chairman of the Hanwha Group, […]
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Rare earths are China’s bargaining chip in the trade war — the U.S. is trying to fix that
Rare earths refer to 17 elements on the periodic table whose atomic structure gives them special magnetic properties. They’re also the most important bargaining chip in the U.S. and China trade war. That’s because these rare earth magnets power everything from electric vehicles and wind turbines to defense equipment, data centers and high-tech consumer electronics. […]
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Cadence to plead guilty and pay $140 million to U.S. for China sales
The logo of Cadence Design Systems is pictured outside the company’s offices in San Jose, California, U.S., January 31, 2020. Stephen Nellis | Reuters Cadence Design agreed to plead guilty and pay more than $140 million to resolve U.S. charges for selling its chip design products to a Chinese military university believed to be involved in simulating […]
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Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion
Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025. Sergio Flores | Reuters Firefly Aerospace will price shares at $35 to $39 each in its upcoming initial public offering, a deal that would value the rocket maker at about $5.5 billion. […]
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Thailand-Cambodia border clashes: Cambodia’s economy has more to lose, analysts say
A Cambodian BM-21 multiple rocket launcher returns from the Cambodia-Thai border as Cambodian and Thai troops exchanged fire in a new round of clashes in Preah Vihear province on July 24, 2025. Str | Afp | Getty Images The escalating conflict between Thailand and Cambodia could have a negative impact on their tourism-dependent economies, but […]
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French President Macron says France will recognize Palestine as a state
French President Emmanuel Macron holds a press conference, at the Elysee Palace, in Paris, Friday, June 13, 2025. Michel Euler | Via Reuters French President Emmanuel Macron announced Thursday that France will recognize Palestine as a state, amid snowballing global anger over people starving in Gaza. Macron said in a post on X that he will formalize the decision at the United Nations […]
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Why the manager of a $2 billion fund is cooling off his European defense investments
A fund manager who oversees assets worth close to $2 billion told CNBC that the European defense bull run may soon begin to cool off as valuations hit “extreme” levels. Speaking to CNBC’s “Europe Early Edition” on Monday, London-based Stephen Yiu, who manages the £1.4 billion ($1.9 billion) Blue Whale Growth Fund , said he […]
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Fighter jet maker Saab pops 12% on profit beat amid European defense splurge
A Swedish Air Force Saab JAS 39 Gripen jetfighter takes part in the NATO exercise as part of the NATO Air Policing mission, in Alliance members’ sovereign airspace on July 4, 2023. John Thys | Afp | Getty Images Shares of Swedish defense giant Saab jumped on Friday morning, after the company reported stronger-than-expected profit and sales […]
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Defense manufacturing startup Hadrian closes $260 million funding round led by Peter Thiel’s Founders Fund
Defense manufacturing startup Hadrian on Thursday announced the closing of $260 million Series C funding round led by Peter Thiel’s Founders Fund and Lux Capital. The machine parts company said it will use the funding to build a new 270,000 square foot factory in Mesa, Arizona, and expand its Torrance, California, location as it looks […]
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