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Aeralis Collapse May 16: UK Defence Firm Enters Administration
Aeralis aerospace firm enters administration May 16 after UK Defence Investment Plan delays. Red Arrows jet replacement project stalls, 30 jobs lost.
Paper Products Price Hike May 17: Middle East Crisis Drives 15% Surge
Daishowa Paper raises prices 15% on tissue, diapers, and toilet paper from August 1 due to Middle East crisis impact on raw materials.
DMB Distribution Alimentaire Closes May 16: Quebec Food Crisis Looms
DMB Distribution Alimentaire closes May 16 with no buyer. Quebec food distributor shutdown threatens grocery supply chains across the province.
China Condemns EU Investigation May 17: Trade Tensions Escalate
China condemns EU investigation into Nuctech on May 17, escalating trade tensions and threatening countermeasures against alleged unfair barriers.
H&M Singapore May 17: 80 Jobs Cut as HQ Moves to Malaysia
H&M cuts 80 Singapore jobs, relocating Southeast Asia HQ to Malaysia amid retail sector challenges and regional restructuring.
Salesforce AI Spend May 17: $300M Anthropic Token Deal
Salesforce to spend $300M on Anthropic tokens for AI coding agents. Marc Benioff reveals AI is now a core operating cost for enterprises in 2026.
Nik Storonsky May 16: Revolut CEO Reshapes Banking
Nik Storonsky, Revolut CEO, trends as Sunday Times Rich List reveals his $75B company valuation and billionaire status reshaping global banking.
Samsung Stock May 16: $66B Rout Sparks Strike Crisis
Samsung Electronics loses $66B in market value as 41,000 workers threaten 18-day strike from May 21. Seoul intervenes as labor tensions escalate.
Berkshire Hathaway May 16: Buffett’s Successor Reshapes Portfolio
Berkshire Hathaway sells Amazon and Visa stocks, buys Alphabet shares. CEO Greg Abel reshapes portfolio strategy in Q1 2026 with concentrated…