MediaTek shares rise as CEO flags strong AI-fueled chip demand

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• Thales unit wins $53.9 mln U.S. Navy mine-hunting contract

  A unit of Thales has been awarded a $53.9 million contract by the U.S. The agreement tasks the defense company with mine-hunting operations for the military branch.

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• Tokyo, Chubu Power Price Hit Multi-Year High as Fuel Costs Climb

  Escalating Middle East tensions and shipping disruptions near the Strait of Hormuz have sent imported fuel expenses soaring for Japanese utilities. These rising procurement costs are filtering directly into the grid, threatening to push residential utility expenses to historic highs in major metropolitan areas.

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• Fresenius and WuXi Biologics form biosimilars deal

  The strategic arrangement establishes an alliance between the two healthcare organizations focused on expanding their shared pipeline. Both parties intend to leverage their respective resources to address global market demands for critical therapeutics. This collaboration aims to enhance production scale and broaden patient access to high-quality biologic alternatives worldwide.

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