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One of the UK’s biggest defence contractors has blamed Brexit and Covid among a catalogue of problems to beset an important contract for the Royal Navy, which led its annual profits to plunge.Profits at Babcock International fell by almost a fifth in the year to the end of March, as the firm reported a £140m charge on its contract to build five Type 31 frigates for the Royal Navy.The company, which reported a 19% fall in underlying operating profits to £293.3m, said the contract it won in 2019 only had “certain escalation clauses” to protect it from cost increases related…

Chevrolet recently unveiled the next-generation 2027 Silverado 1500, which the automaker says is its most powerful Silverado ever. (Credit: Chevrolet) Chevrolet is giving its Silverado pickup a major update with new V8 engines, a redesigned exterior and more technology inside the cabin. The automaker on Tuesday introduced the next-generation 2027 Chevrolet Silverado 1500, calling it the “most powerful Silverado ever” and marking one of the pickup’s biggest updates in years. The truck is expected to go on sale at the end of the year, with pricing to be announced later, according to the company. “Silverado has earned truck customers’ trust over…

U.S. Vice President JD Vance arrived in Switzerland on Sunday for the next phase in negotiations with Iran, a day after Tehran declared the Strait of Hormuz closed again.”The U.S. delegation, led by U.S. Vice President JD Vance, the Iranian delegation, led by the Speaker of the Iranian Parliament, Mohammad Bagher Ghalibaf, and the mediators, Pakistan and Qatar, have arrived at the Bürgenstock,” Switzerland’s Federal Department of Foreign Affairs said in a statement.”Talks between the parties are set to begin during the course of the morning,” the ministry added.An interim agreement between the U.S. and Iran was signed last week, and…

Bitcoin (BTC) returned to $64,000 on Sunday amid concerns over unreliable BTC price strength.Key points:Bitcoin brushes off US-Iran tensions despite the Strait of Hormuz being closed.A trader calls BTC price behavior “suspicious” as a result, while targets see maximum upside reaching $66,000.Binance sell-side pressure remains substantial.BTC price ignores new Hormuz closure, Iran strike threatsData from TradingView showed BTC/USD hitting local highs of $64,522 on Bitstamp before reversing to trade 0.5% lower on the day.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewThe pair maintained most of its gains despite fresh instability in the US-Iran war, with Tehran once again closing the Strait of Hormuz…

“I’m afraid I’m in a bad place.”

The following is the fintech and wider digital developments in 2026 of the Central American nation of Guatemala. Guatemala’s financial technology story begins not in a bank branch, but in the movement of money across borders. Every year, millions of Guatemalan families receive financial support from relatives working abroad, particularly in the United States. These remittance flows are not a marginal part of the economy. They are one of its defining features, supporting household consumption, education, housing and small businesses across the country. That reality makes Guatemala different from many fintech markets. Here, the opportunity for digital finance is not…

Some might say Palantir Technologies is becoming boring. stock is down nearly 28% in 2026, but most of that decline came in January and February, which continued the broader tech sell-off that started in November 2025. Since then, the bulls and bears have been debating valuation, missing a bigger story. Palantir is posting its fastest revenue growth since going public. In the process of growing its revenue, the company has been building a distribution machine that should be priced into any future conversations about valuation.Palantir’s Growth Metrics Continue to Defy SkepticsThe bears will say the fundamentals don’t justify the stock…

The S&P 500 Index ($SPX) (SPY) on Thursday closed up +1.08%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.48%.  September E-mini S&P futures (ESU26) rose +1.15%, and September E-mini Nasdaq futures (NQU26) rose +2.44%. Stock indexes settled sharply higher on Thursday as the US-Iran peace deal stoked optimism that the reopening of the Strait of Hormuz will ease inflation risks.  President Trump on Wednesday night signed a preliminary deal to end the US-Iran war, which sent crude oil prices to a 3.5-month low, eased inflation expectations, and sparked risk-on sentiment in asset markets. …

Report says UK PM Starmer ready to quit, but source says he is still focused on the job

The Bank of Russia today (June 19) cut interest rates by less than expected, announcing an easing of 25 basis points to 14.25%. The bank had been expected to cut by 50bp.In a statement, the bank struck a somewhat hawkish tone: “Fiscal policy over the three-year horizon will be more accommodative than previously expected. This may require a higher key rate path than assumed in the April baseline scenario.”In a separate statement, governor Elvira Nabiullina said there had been a slight improvement Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.To access these options, along…