British engineering giant in propulsion and power systems
U.S. officials have signalled a plan to reduce the pool of military capabilities available to NATO, cutting strategic bombers, some fighter deployments, naval assets and withholding certain drones, while senior U.S. diplomats are touring India to repair trade and energy ties and press Quad cooperation (as of 09 Jun 2026).
Several UK reports show business leaders warning against further taxation while stressing the need to back scaling firms. The government faces the challenge of sustaining growth in a fragile economy amid Middle East conflict spillovers and inflation pressures.
Airlines face higher fuel bills as Middle East tensions push jet fuel prices up. IATA forecasts profits will halve in 2026 while fares rise to cover costs; some carriers warn of tougher times ahead as demand stays resilient.
Global airlines face a sharp rise in jet-fuel costs as conflict in the Middle East pushes up oil prices. IATA now forecasts profits will fall sharply in 2026, driving airlines to raise fares and adjust routes while governments seek safety measures.
The UK and Japan have agreed to invest billions in infrastructure, offshore wind and tech partnerships ahead of the G7 summit, creating tens of thousands of jobs and strengthening security and supply chains. The deals include a landmark UK-Japan Frontier Technology Partnership and collaboration between the UK Semiconductor Centre and Rapidus, Japan’s 2nm semiconductor programme.
Germany has agreed with France to take a large stake in Franco‑German defence group KNDS and to set joint governance, clearing the way for a potential IPO. Berlin has said it intends to buy roughly 40% from family shareholders to secure long‑term influence over a firm that supplies tanks and armoured vehicles and supports European rearmament.
A B-52 Stratofortress has crashed shortly after takeoff from Edwards Air Force Base on Monday, killing all eight people aboard. The aircraft was on a routine test mission supporting a radar modernization program. Military officials have opened an investigation that could take up to six months.
Global markets hold steady as US Federal Reserve Chair Kevin Warsh signals a cautious pause, with oil prices stabilising after recent falls. UK inflation data supports expectations of a hold on rates, while energy assets rally on easing supply concerns.
Director Carl Erik Rinsch has been sentenced to 30 months in prison after being convicted of fraud and money laundering over misused Netflix funds. Netflix must receive $11 million in restitution. Keanu Reeves defended him in court, citing mental-health factors.