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ECONOMY
Defense Secretary Orders 20% Reduction in Military Leadership

Defense Secretary Pete Hegseth announced a 20% cut in military leadership positions to streamline operations.

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ECONOMY
Mattel to Raise U.S. Toy Prices as Tariffs Impact Costs

Mattel plans to raise toy prices in the U.S. to offset increased costs from tariffs, highlighting challenges in the current economic climate.

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ECONOMY
SMBC Approaches Major Stake Acquisition in India's Yes Bank

Sumitomo Mitsui Banking Corp is in advanced discussions to acquire a 51% stake in Yes Bank, potentially marking a historic banking deal in India.

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ECONOMY
Hong Kong Monetary Authority Intervenes Again to Stabilize Currency Peg

Hong Kong's central bank intervenes to maintain the currency peg against the US dollar amid rising capital inflows.

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ECONOMY
Ford Projects $1.5 Billion Loss from Tariffs, Suspends 2025 Financial Guidance

Ford expects a $1.5 billion loss in 2025 due to tariffs, reporting a 65% drop in Q1 profits and suspending its financial forecast.

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ECONOMY
Skechers Sold to 3G Capital for $9.4 Billion Amid Tariff Concerns

Skechers is being acquired for $9.4 billion by 3G Capital amid the challenges posed by U.S. tariffs on imports.

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ECONOMY
US Administration Aims to Dilute Global Development Finance Framework

US seeks to weaken global development finance efforts undermining support for developing countries amid climate change challenges.

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ECONOMY
Warren Buffett to Retire from Berkshire Hathaway; Successor Greg Abel Announced

Warren Buffett announces retirement from Berkshire Hathaway, naming Greg Abel as his successor, marking a major transition in corporate leadership.

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ECONOMY
Trump to Extend TikTok Deadline If No Agreement Reached

Trump indicates he may extend TikTok's divestment deadline if no deal is reached by June 19.

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ECONOMY
Samsung contests $520 million tax demand in India, citing Reliance practices

Samsung challenges a $520 million tax demand in India, claiming Reliance followed a similar import practice without question.

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