Aerospace, power systems and defence group focused on engines, naval propulsion, and high-tech propulsion solutions.
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.
The IATA predicts a sharp drop in airline profits for 2026 as fuel prices soar and airspace restrictions persist amid Middle East tensions. Airlines are raising fares, cutting routes and trimming schedules while demand remains resilient for now.
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.
The Defence Investment Plan has been refreshed to prioritise frontline equipment, drones and autonomous tech. Dan Jarvis has secured additional funding, while resignations over funding highlighted political tensions. The plan aims to modernise the UK’s armed forces and deter evolving threats, with a focus on the High North and underwater infrastructure.
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.
Jen Belichick has seen an arrest warrant recalled after her absence from a Brunswick County court regarding a misdemeanor speeding charge stemming from a May 21 traffic stop. A new disposition hearing is scheduled for Sept. 25 as her attorney seeks to resolve the case.
The government has announced funding for the Dreadnought-class submarine programme, replacing Vanguard and enabling up to 47,000 UK jobs and apprenticeships as Barrow builds the submarines. The plan supports HMS Dreadnought and HMS Valiant through readiness and sea trials, with total defence investment in the next four years reaching about £298bn and defence spending expected to hit 2.7% of GDP by 2035.
Grab reports strong Q2 results and lifts full-year outlook as AI-driven efficiency boosts margins; Grab is accelerating in Southeast Asia while pursuing Taiwan expansion. Rolls-Royce posts higher semi-annual profit guidance on defense demand and data-centre power growth, with AI-influenced efficiency lifting margins.
Britain has moved to fund four new Dreadnought-class submarines to enter service by the 2030s, backed by a multi-billion pound package that underscores a drive to reindustrialise Barrow and nearby towns. The plan aims to safeguard jobs, strengthen the domestic supply chain, and sustain nuclear deterrence as defence questions loom over GDP targets.