Finance news

United Nations: Baerbock demands: not to leave the field to UN destroyers

For the President of the UN General Assembly, there is no alternative to the United Nations. She advocates tough reforms - and clear signals in international law.

‘Reality check’ for Japan as Britain’s funding shortfall threatens fighter jet project

Japan’s patience with Britain as a defence partner is being tested after reports that funding shortfalls in London could delay a next-generation fighter jet that both countries are developing with Italy. The Global Combat Air Programme, or GCAP, is intended to deliver a new fighter for the three countries by 2035, but The Telegraph reported on Saturday that the aircraft could be delayed by several years because of uncertainty over Britain’s defence spending plans. The report has raised concerns.

Pentagon chief sounds ‘alarm’ over China’s buildup, urges allies to boost defense spending

Hegseth urged Asian allies to ramp up military spending to counter China’s growing power.

Artificial intelligence: AI boom brings HPE record quarter - shares up 36 percent

Hewlett Packard Enterprise is benefiting from massive demand for servers and data center equipment. Sales increased by 40 percent.

Hypothetical Basket to capture AI energy needs and oil shortage

I did some research into nuclear, oil, and gas companies, and then put them into latticeAI and this was the suggested basket with $2500 and an emphasis on value: Ticker Role Optimized % Dollar Amount on $2,500 FANG Higher-quality oil E&P 20.82% $520.50 BKR LNG / compression / energy infrastructure 19.16% $479.00 CEG Nuclear-heavy AI power generation 17.68% $442.00 DVN Oil/gas value-beta exposure 17.24% $431.00 GEV Grid / gas turbine / electrification 15.21% $380.25 BWXT Nuclear supply chain / de

Eurosatory ban on Israeli officials may hurt smaller firms, but majors still going to show

Both Elbit Systems and Rafael plan to attend Eurosatory, despite a new ban on Israeli government officials attending.

Navy unveils the seven companies that will participate in MUSV at-sea testing

Leidos, HII, and Saronic Technologies are among those selected to advance to the at-sea testing phase.

Northrop Grumman partners with Apex for 2027 SBI demo

Startup Apex Space had previously announced its own self-funded SBI demonstration called Project Shadow by the end of 2026.

South Korea goes full steam ahead on nuclear-powered submarines

Seoul plans to launch its first boat in the mid-2030s and commission it in “the late 2030s,” the government proclaimed.

Florida AG sues OpenAI, seeks to hold CEO Altman personally liable for alleged harms

The complaint said the harms are the result of OpenAI's "insatiable quest to win the AI arms race and amass large fortunes."

Security policy: Germany is often the last to find out what the USA is planning when it comes to defense

The USA is demanding more responsibility from Europe, but is increasingly denying its partners insight into military plans. Isolation is becoming a growing risk for Germany.

Air Force clears T-38s to resume flying

The training jet was grounded May 19; a week after a T-38 crashed in Mississippi.

Key hearing for the man accused of killing Charlie Kirk will be public, judge rules

Reporters and the public will be allowed to attend a key hearing for the man accused of killing Charlie Kirk, after a Utah judge on Monday denied a defence request to restrict access. Tyler Robinson’s defence had asked Judge Tony Graf to close portions of the preliminary hearing on July 6–10, when prosecutors must show they have enough evidence to warrant a trial. It will mark the most significant presentation of evidence to date in a case that has so far focused on matters of media...

National security launch schedule not likely impacted by New Glenn disaster

NSSL will be okay because it can still rely on the Falcon 9 workhorse,” said Todd Harrison, senior fellow at the American Enterprise Institute.

US military seeks cultural advisors in Somalia amid regional strikes

The U.S. special operations task force in Somalia is looking for contractors to advise troops on Somali politics, culture and tribal dynamics.

Malaysian defense minister publicly slams Norway for cancelled missile sale

“Norway’s action has created more than just a bilateral contract dispute. It raises a deeply troubling question about whether international agreement and strategic partnership can still be trusted at all,” Malaysian Defense Minister Mohamed Khaled Nordin said at the Shangri La Dialogue in Singapore.

Reintroduce nuclear weapons to the Pacific to reduce the chances of war with China

By reintroducing US theater nuclear forces first in South Korea, and then more gradually in Japan, Washington can reassure its anxious allies and bolster its own national security interests, argue Kyle Balzer and Robert Peters.

Not ‘just a gun’: New SOCOM rifle allows barrel swapping and cartridge changes

At SOCOM’s request, the rifle features a swappable barrel, allowing operators to change between legacy cartridges and the newer 6.5mm Creedmoor.

Elbit marks $30B backlog, announces $1.4 billion deal with mystery European customer

The company said approximately 71 percent of the backlog was for customers outside Israel.

Live blog from TECH: Airbus Defense boss: “SpaceX is massively supported by the USA”

Germany and Estonia announce partnership for digital state +++ Wildberger sees AI as an opportunity for Germany to catch up +++ Özdemir: “We are too dependent on others, especially when it comes to AI” +++ The live blog.

Army vet supports her Navy sister in tough hospital journey

When Navy fire controlman aegis Kayla Saska needed support during a hospital stay, her Army veteran sister Patricia Rowledge rushed to Bethesda, Maryland.

The small business making big investments to deliver advanced defense technologies

[Sponsored] Employee-owned Physical Sciences Inc. has been scaling small business government R&D awards to solve some of the thorniest national security challenges.

Emerging industry: Is the arms boom bypassing medium-sized businesses?

The billions spent in the defense sector attract many industrial companies. However, smaller companies in particular often find it difficult. A new survey shows the reasons.

Poland spends $16.5 billion in EU-backed loans on heavy army weapons

Amid political infighting over the funding mechanism, the government has tapped local companies to make fighting vehicles, howitzers and ammunition.

Norway becomes ninth country to sign up for French nuclear deterrence as trust in US falters

Meanwhile, Germany will participate in French nuclear exercises as soon as September, joining them in an observer role.

‘We are a small country’: why Malaysia is resisting US defence spending call

Malaysia is unlikely to come close to a US call for Asian partners to spend 3.5 per cent of gross domestic product on defence, analysts have said, as Putrajaya tries to modernise an ageing military without overwhelming public finances or appearing to align with Washington’s China strategy. Defence Minister Mohamed Khaled Nordin said the US had “every right” to ask allies to raise defence expenditure, but stressed that Malaysia faced limits as a developing economy. “For a country like Malaysia,..

Hegseth tones down China rhetoric on return to Asia

US Secretary of Defence Pete Hegseth told Asia’s biggest military conference that his country’s relations with China were “better than they’ve been in many years”, as he adopted a much less strident tone than at the same event 12 months ago. “President Trump and this administration seek a stable peace, fair trade and respectful relations with China,” Hegseth said on Saturday at the Shangri-La Dialogue in Singapore. The two countries agreed to “build a constructive relationship of strategic...

Defense: Defense company Helsing is now also researching robots

The most valuable European defense start-up is currently classifying its work as a research project. It doesn't have to stay that way. A takeover could accelerate development.

Taiwan's KMT leader set for US trip amid scrutiny of party's defense cuts

Fire kills 5 in South Korea after blast at defence giant Hanwha Aerospace’s factory

Five people have died and two others were injured in a fire at a factory operated by South Korea’s Hanwha Aerospace in the city of Daejeon, authorities said on Monday. The two survivors, including one who was badly burned, had escaped from the facility themselves, a fire official told a briefing. “Authorities have yet to identify the victims ‌because their bodies were severely damaged,” a health official told the same briefing. A fire official said that an explosion had triggered the blaze,...