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Defense Secretary Pete Hegseth announced a 20% cut in military leadership positions to streamline operations.
Mattel plans to raise toy prices in the U.S. to offset increased costs from tariffs, highlighting challenges in the current economic climate.
Sumitomo Mitsui Banking Corp is in advanced discussions to acquire a 51% stake in Yes Bank, potentially marking a historic banking deal in India.
Hong Kong's central bank intervenes to maintain the currency peg against the US dollar amid rising capital inflows.
Ford expects a $1.5 billion loss in 2025 due to tariffs, reporting a 65% drop in Q1 profits and suspending its financial forecast.
Skechers is being acquired for $9.4 billion by 3G Capital amid the challenges posed by U.S. tariffs on imports.
US seeks to weaken global development finance efforts undermining support for developing countries amid climate change challenges.
Warren Buffett announces retirement from Berkshire Hathaway, naming Greg Abel as his successor, marking a major transition in corporate leadership.
Trump indicates he may extend TikTok's divestment deadline if no deal is reached by June 19.
Samsung challenges a $520 million tax demand in India, claiming Reliance followed a similar import practice without question.
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