Swiss to Set Up Drone Battalion to Defend Against Hybrid Threats

Jun 19, 2026 | Markets

Switzerland will create a drone battalion by 2028 as the government refocuses the army on defending against hybrid threats and long-range attacks. The Federal Council approved new defense guidelines on Friday, which also include prioritizing protecting critical...

Lutnick’s Anthropic Crackdown Claims New Power Over AI Models

Jun 19, 2026 | Markets

The Trump administration’s push to rein in Anthropic PBC, outlined in a recent Commerce Department order, relies on an unprecedented use of export control laws and raises legal questions about whether the US can dictate who can access artificial intelligence systems....

Abu Dhabi Funds Pour £1.5 Billion Into EQT’s Deal for Intertek

Jun 19, 2026 | Markets, Private Credit

Two of Abu Dhabi’s biggest wealth funds are committing £1.5 billion ($1.9 billion) to back private equity firm EQT AB’s acquisition of Intertek Group Plc, the latest sign of the emirate’s appetite for big-ticket dealmaking despite the cloud of war. Abu Dhabi...

Goldman Axes $500 From Gold Target on No Fed Cuts This Year

Jun 19, 2026 | Markets

Goldman Sachs Group Inc. cut its year-end gold forecast by $500 an ounce as the Federal Reserve is no longer seen easing in 2026. The revised target of $4,900 an ounce for December implies bullion is still expected to gain ground in the second half, although less than...

The Crypto-Treasury Dream Unravels After a 90% Stock Plunge

Jun 18, 2026 | Markets

The business model of launching a public company to buy crypto is falling apart. As a result, those in the queue to do so through blank-check companies are facing pressure from investors against a market backdrop that is fiercely unfriendly. Take ReserveOne Inc., a...