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Business News

Australia Lands Record $1.7 Billion Defense Deal With Canada

Lead story

Australia Lands Record $1.7 Billion Defense Deal With Canada

Australia has reached a record-breaking $1.7 billion defense export agreement with Canada, marking a major milestone for its defense industry and strengthening security cooperation between the two allied nations.

22 Jun 2026, 11:27 am•4 min read

More in Business

01

Porsche Targets New Cost-Cutting Plan as Auto Industry Pressures Mount

Porsche is working to finalize a new cost-cutting package by July as the luxury automaker faces slowing demand, rising competition, and the costly transition toward electrification. The initiative is expected to focus on efficiency improvements and long-term profitability.

02

Nike and Adidas Renew Fight for World Cup Supremacy

03

Japan to Target $2.3 Trillion Public-Private Investment by 2040

Japan plans to mobilize roughly $2.3 trillion in combined public and private investment by 2040 as part of a long-term strategy to strengthen economic growth, technological competitiveness, and industrial resilience. The initiative is expected to focus on sectors including artificial intelligence, semiconductors, advanced manufacturing, and infrastructure.

04

Germany Faces Growth Risks From Iran War Energy Shock, IMK Warn

A leading German economic institute has warned that escalating conflict involving Iran could weaken Germany’s growth outlook by driving energy prices higher. The warning highlights the vulnerability of Europe’s largest economy to global energy market disruptions and renewed inflation pressures.

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