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Peter Fox Steps Down as Linfox Executive Chairman Amid Family Succession Battle
Peter Fox resigns as Linfox executive chairman after extended leave. Leadership restructure approved amid sibling tensions.
Strategy Inc (MSTR) Defends Bitcoin Sales as Dilution Fears Mount, June 17
Strategy Inc defends bitcoin sale as strategic move to build credit products and generate preferred dividend revenue amid competition.
SpaceX Acquires Cursor for $60 Billion in All-Stock Deal, June 18
SpaceX acquires Cursor for $60 billion in all-stock deal to enhance AI capabilities and compete in enterprise coding tools.
Saab Wins Denmark Radar Order, Launches New Giraffe AMB D System
Saab launches Giraffe AMB D radar system with AESA technology for Denmark, strengthening European surveillance capabilities.
German Baumarkt Hellweg Files Insolvency, 2,900 Jobs at Risk
Hellweg files insolvency in self-administration. 2,900 employees affected across 68 stores. Court-appointed receiver oversees restructuring.
India’s UPI Expands to France as Digital Payments Go Global, June 17
India’s UPI payment system expands globally with launch at Nice Massena in France, marking a key milestone in international digital payments.
Tong Seng Produce Boosts Rice Storage as Singapore Tightens Stockpile Rules, June 17
Tong Seng Produce invests in warehousing to meet Singapore’s rising rice stockpile mandate of 3.5 kg per kg sold, up from 2.5 kg two years ago.
Japan Eyes World’s Longest Bridge in Italy for $25 Billion, June 17
Japan pursues 2.5 trillion yen Messina Strait Bridge contract in Italy as part of Japan-Italy defense and trade partnership.
Yum Brands Sells Pizza Hut for $2.7B to LongRange Capital, June 17
Yum Brands sells Pizza Hut to LongRange Capital and Yum China for $2.7B, splitting operations as the brand faces declining sales.