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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

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General business news

Globe Civil Projects’ Q1 FY26 earnings shine as Rs 1,000cr order book drives EPC growth momentum

Globe Civil Projects posts strong Q1 FY26 results with ₹367.7 crore revenue, healthy margins, and marquee new contracts—discover how the fresh IPO is building scale in India’s EPC boom.

byPallavi Madhiraju

August 17, 2025

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