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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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Energy Industry News

Chennai Petroleum Corporation posts Q1 FY26 loss as refining margins slump, sets Rs 400cr fuel retail expansion in motion

Chennai Petroleum Corporation posts Q1 FY26 loss as margins fall; will its ₹400 crore retail fuel push revive growth? Read the full analysis now.

byPallavi Madhiraju

July 26, 2025

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