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The UK is close to finalising an agreement to rejoin the EU's Erasmus student mobility scheme by January 2026, aiming for participation from 2027. The move signals a shift towards closer EU relations after Brexit setbacks, amid ongoing negotiations on defense and trade agreements.
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HSBC plans to buy out the remaining shares of Hang Seng Bank for HK$155 per share, delisting it and maintaining its brand. The move aims to streamline operations, address rising bad debts from Hong Kong’s property slump, and reinforce HSBC’s commitment to Hong Kong’s future as a financial hub. The deal is expected to close in mid-2026.
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On October 27, 2025, UK Prime Minister Keir Starmer and Turkish President Recep Tayyip Erdogan signed a £8 billion ($10.7 billion) deal for Turkey to acquire 20 Eurofighter Typhoon jets. This deal strengthens NATO's southeastern flank and supports Turkey's interim air defense needs until its indigenous KAAN fighter jet becomes operational around 2028. Turkey also seeks to acquire additional jets from Qatar and Oman and aims to rejoin the U.S. F-35 program.
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Prime Minister Keir Starmer signed an £8bn agreement with Turkey for 20 Typhoon fighter jets, marking the largest UK fighter jet order in nearly two decades. The deal supports thousands of British jobs, boosts NATO cooperation, and concludes long-running negotiations, with deliveries expected from 2030. Critics highlight human rights concerns in Turkey.
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The High Court dismissed BAE's attempt to block a planned strike by Unite union members at Warton and Samlesbury. The strike, over pay disputes, will proceed until November 25, with the union criticizing legal threats and calling for negotiations.
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A Taiwanese airline, Apex Aviation, is seeking to operate civilian surveillance flights using modified aircraft equipped with U.S.-made radar to monitor Chinese activity. The government remains cautious but open to public-private collaboration amid rising Chinese incursions. The initiative aims to bolster Taiwan's defense capabilities and regional security.