The U.S. Air Force on Wednesday awarded production contracts to General Atomics and Anduril Industries to build its first fleet of semi-autonomous Collaborative Combat Aircraft (CCA), moving a program that began just over two years ago from prototype to full-scale manufacturing.
Poland’s president has decided to strip Volodymyr Zelenskiy of the country’s top honour after Ukraine’s head of state caused outrage by renaming an army unit after the Ukrainian Insurgent Army (UPA), nationalists who massacred Poles in World War Two.
Say it quietly, but Gulf airlines are back in business.
Abu Dhabi-backed artificial intelligence investor MGX has been exploring buying Singapore-based data centre operator DayOne, three sources said, in what would mark a major step in its global expansion into the technology.
BMW and staff representatives are preparing for talks after the German premium carmaker issued a profit warning this week and said it would accelerate efficiency measures, a spokesperson for its general works council said on Friday.
The euro zone economy is in the midst of a mid-sized inflation shock, with inflation holding above 3% for the rest of the year, a situation that requires a “measured” policy response, European Central Bank Chief Economist Philip Lane said on Friday.
A visual take on one of the biggest stories of the week.
U.S. Federal Reserve Chairman Kevin Warsh put his stamp on the job fast this week at a debut policy meeting that produced a return to stripped-down, 1990s-style central banking, before this century’s crises put the Fed center-stage in economic management and turned its leader into a consoler-in-chief for Wall Street and Main Street alike.
Brent crude ticked slightly higher on Friday but was still on track for a more than 8% weekly decline after Israel and Hezbollah agreed to a ceasefire and tanker traffic through the Strait of Hormuz increased.
The dollar held firm against most peers on Friday, as a peace deal between the U.S. and Iran hung in the balance, pinning the yen around a two-year low, a break beyond which would take the Japanese currency to its weakest in 40 years.