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Finance & Markets

Air taxi firm Joby acquires defense tech company for $500 million

Electric vertical take-off and landing aircraft (eVTOL) companies are focusing more on the military market as commercial development has taken longer than expected and defense spending has ramped up, driven by wars in Ukraine and the Middle East.

Air taxi firm Joby acquires defense tech company for $500 million

We haven't written up this one. Economic Times Tech has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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Oil, gold prices rise as geopolitical tensions mount before CPI

TOKYO: Oil and gold prices climbed while regional shares edged nervously higher on Wednesday as geopolitical tensions ratcheted up ahead of key US inflation data. The yen was mostly flat against the dollar, having unwound much of its gains following rare intervention in currency markets by Japan and the United States.

More from Wednesday 12 August →