Jaguar Land Rover job cuts could reach 4,000 as the carmaker targets £1.7 billion in savings while the UK government rejects a bailout.
Austal Swings to $54M Loss as US Contract Dispute Hits Earnings
Shipbuilder Austal swung to a $53.6 million full-year net loss from an $89.7 million profit a year earlier, as a reassessment of contractual claims following a dispute with the US Department of War offset stronger earnings from its Australasia business.
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NXP Plots an AI Chip Power Play
The chipmaker is reportedly in talks to acquire AI chip developer Ambarella in a deal that could strengthen its automotive semiconductor business.
MediaTek Bets $5B on AI Chips
The company is ramping up investment in custom AI chips as it expands beyond smartphone processors.
CSL Advances Plasma Manufacturing Technology
Clinical trials will support regulatory approval for a new process that increases immunoglobulin yields from donated plasma.
Tesla Scores UK Win in 5G Patent Fight
The Supreme Court reopened Tesla's lawsuit over FRAND licensing terms for patents used in connected vehicles.
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Anduril Eyes $100B Valuation
The defence technology startup is in talks to raise fresh funding at a valuation that would rival major U.S. defence contractors.
South32 Outperforms Production Targets in June Quarter
The diversified miner delivered stronger-than-expected output at Sierra Gorda, Cannington and its manganese operations, lifting quarterly sales by 15%.
New Zealand Backs Fletcher Building’s Cement Plant
The government has committed NZ$60 million to support continued operations at Golden Bay Cement, helping preserve domestic cement production.