UK wealth fund plans Uforce investment, report says
The London-based defense technology company brings together Ukrainian manufacturers producing military drones, ground robots and counter-drone systems.
Markets
Stock exchanges, currencies, bonds and commodity prices.
Page 4 of 8
Volkswagen posts €5.8 billion quarterly loss after Porsche write-down
Deliveries fell 14.3% as the group faced weaker sales in China, US tariffs and lower earnings from electric vehicles.
Revolut CEO says he removed venture capital investors from board
Nik Storonsky said directors should have experience building businesses and criticized investors’ influence over company decisions.
Microsoft targets at least US$25 billion through US bond offering
Bloomberg reported that the deal would end a gap in high-grade US borrowing dating to 2017, as Microsoft expands spending on AI infrastructure.
Shell and TotalEnergies profits jump as refining margins surge
Both oil majors beat earnings forecasts for the third quarter of 2026, while Shell increased its quarterly share buyback to US$5 billion.
OpenAI business accounts for 11% of Microsoft’s quarterly revenue
Microsoft disclosed quarterly revenue from its OpenAI arrangements for the first time, while reducing its 2026 capital spending forecast.
Intel stock falls more than 20% after quarterly outlook misses estimates
The chipmaker projected adjusted earnings of 25 cents a share, compared with analysts’ expectations of 43 cents.
Marvell in advanced talks to acquire Lumentum, Bloomberg reports
No agreement has been reached, and the discussions could collapse. Marvell would likely use shares to pay for the acquisition.
Alphabet’s future infrastructure and energy payments exceed US$1 trillion
Its quarterly filing details US$924.4 billion in purchase commitments, alongside leases that have yet to begin and future investment funding.
DoorDash strikes deal to buy Instacart for about US$17 billion
DoorDash plans to preserve Instacart’s app and brand, while combining subscription payments could save members around US$100 million annually.
