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A smart-glasses engineering workspace reflects Magic Leap’s 269 planned job cuts as the augmented reality pioneer exits first-party devices and pivots towards supplying waveguides and optical technology for artificial intelligence glasses. Representative image.

Magic Leap layoffs rise to 269 as augmented reality pioneer abandons first-party devices

Representative image showing large-scale iron ore mining operations, reflecting investor focus on Rio Tinto plc’s capital intensity, iron ore margins, and balance-sheet pressures following its 2025 results and share price decline.

Fortescue (ASX: FMG) shares fall as $525m Iron Bridge impairment overshadows record shipments

CBIZ to be taken private by Grant Thornton in largest US accounting M&A in 25+ years

Saudi Arabia unveils 14-country maritime coalition to protect Red Sea shipping

Saab AB unveils HEAT 758 tandem warhead with 700mm penetration as Dynamics book-to-bill hits 1.2 in Q1 2026

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Saab launches HEAT 758 Carl-Gustaf round to defeat Russian reactive armour as Dynamics order book swells

Saab's HEAT 758 round defeats every generation of Russian reactive armour. The real question: Can Russian active protection scale fast enough to respond?

May 8, 2026

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