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Futu Reports 34% Account Growth in Q1 2026, May 29
Futu Holdings Q1 2026 earnings: funded accounts grew 34% to 3.6 million, but net income fell 61% to HK$831M. Trading volume and client assets surged.
JPMorgan Chase Redeems $2B Preferred Stock, Stock Falls 2.4% on May 28
JPMorgan Chase redeems $2B preferred stock as CEO signals $106B annual expenses and $10-20B acquisition budget, raising valuation concerns.
Fujitsu Partners With Anthropic to Accelerate AI in Japan, May 28
Fujitsu deploys Claude AI across 100,000 employees to accelerate AI transformation for Japanese enterprises in critical sectors.
Canada Shifts Defence Strategy at CANSEC 2026, May 27
Canada announces defence procurement deals at CANSEC 2026, including GlobalEye surveillance and quantum-secured Arctic batteries.
Gordon Brothers Buys Radley Brand, Closes 21 UK Stores, May 27
Gordon Brothers acquires Radley in pre-pack administration. 42 jobs lost, 21 UK stores closing by summer. Asset-light model planned.
Cruise Industry Faces Cashback Ruling Fallout, May 27
German court upholds cruise cashback legality, sparking industry concerns over market consolidation and reduced competition.
Australian Power Bills Fall Up to 10% From July as Renewables Surge
Power bills fall up to 10% from July 2026 as renewables surge. NSW households save $66–$211 annually; small businesses see cuts up to 20.9%.
German Industrial Crisis: Three Tradition Firms File for Insolvency, May 26
Three German heritage companies file for insolvency May 26 amid manufacturing crisis: falling orders and rising costs threaten 255 jobs.
Honeywell’s Quantinuum IPO Targets $12.7B Valuation With $1.05B Fundraising Plan
The announcement of Honeywell’s Quantinuum IPO marks a major milestone in the rapidly growing quantum computing industry. The company is targeting a valuation of approximately $12.7 billion while planning to raise around $1.05 billion through the sale of 21.05 million shares priced between $45 and $50 per share. The move reflects increasing investor interest in…