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...Brussels is actively exploring how to work around an EU treaty clause prohibiting arms purchases from the union’s budget, as it steps up efforts to increase financing for defence and Ukraine....
...The group’s North American arm already has an established debt business. The aristocratic Grosvenor family has owned property in London for more than 300 years....
...According to Rusi, Vostochny Port has also been used as a hub for Russian ships allegedly involved in arms trade between the countries....
Peak XV’s Shailendra Singh plans to ‘double the dollars’ deployed this year
...Chinese ecommerce group Alibaba has suspended a planned IPO for its logistics arm Cainiao and said it would instead spend up to $3.8bn to buy out the unit’s minority shareholders....
From Tim Sutton, Brackley, Northamptonshire, UK
...Sunak, appearing on LBC on Wednesday morning, said arms licensing was reviewed “periodically” and this had thus far “led to no change”....
...India’s arms industry passed a milestone in January with the unveiling of the country’s first intelligence, surveillance and reconnaissance drone, which was made by the defence arm of the Adani conglomerate...
Wall Street bank surpasses estimates by almost $1bn as investment banking and trading arms report strong results
...The Dutch arm of KPMG was on Wednesday fined $25mn by the Public Company Accounting Oversight Board, the largest penalty in the US regulator’s history, and the firm also faces disciplinary action in the...
...Rene Haas, who was appointed chief executive in 2022, has made the automotive market one of Arm’s key focus areas, in tandem with expanding in the data centre and “internet of things”, as Arm diversifies...
...by the group Campaign Against Arms Trade....
...And because for most companies licensing is a big one-off cost, their lumpiness was a recurring blight on Arm’s numbers. Arm’s spread into more diverse markets could help level out this cyclicality....
...Sony will list its financial services arm in 2025, providing a boost for investors even as the Japanese group cut its forecast for full=year sales of its PS5 gaming console....
...Is Arm really an AI stock? It’s been a big week for the chip designer Arm Holdings....
...Shares in New York-listed Arm jumped 19.9 per cent in after-hours trading following the results....
...Arm also revised up its full-year revenue guidance from a range of $2.96bn to $3.1bn to a range of $3.15bn to $3.2bn....
...Atos said on Wednesday that talks with EPEI, Křetínský’s vehicle, had concluded with no agreement over the purchase of its loss-making arm Tech Foundations, initiated last summer....
...However, Royal Mail has lost market share since 2013 after Amazon diverted to its own logistics arm parcels that it previously sent via Royal Mail....
...Arm doesn’t make GPUs so is Arm involved in the AI story? Yes, but very much as a supporting player, not a key player. Marc FilippinoCan I ask, does it matter if Arm is an AI success story?...
...“Ukraine will receive money both for immediate military support, providing arms, and to build the capacity of their defence industry,” he said....
...Shares in Arm Holdings surged more than 50 per cent after the UK chip designer reported higher royalty and licensing revenue boosted by strong AI demand....
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