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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

Representative image of United States President Donald Trump and oil tankers in the Strait of Hormuz, illustrating the story on Trump extending the Hormuz deadline again as United States-Iran indirect talks advance through Pakistan.

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General news updates

Why Trump’s rejection of Iran’s peace response puts the Strait of Hormuz back at risk

Hormuz talks are stuck. Trump’s rejection of Iran’s reply keeps Gulf shipping, energy prices and diplomacy under pressure.

May 11, 2026

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Energy Industry News

EETL LNG terminal expansion project : EETL signs HOA with Excelerate Energy

EETL LNG terminal expansion project : US LNG company Excelerate Energy and Engro Elengy Terminal (EETL) have signed…

bySoujanya Ravi

March 7, 2020

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