Original title: Australia’s EOS Surges as Drone Wars Enter Next Phase 00:00 Defense budgets are climbing around the world as geopolitical risks Mount Bloomberg intelligence sees a $300 billion revenue opportunity for contracts is driven by demand for radars, launchers and interceptors. One company benefiting from that demand is Australian defence firm electro optic systems. The company recently secured a €71 million drone defence contract from a NATO member country. Its clients include the US and Australian Defence Forces, plus Gulf nations in the Middle East. Joining us exclusively is Andreas Vaya CEO and managing Director of Electoral Optics Systems. Andreas, really good to get you with us. Talk to us about the overall outlook. There’s a lot of attention in this space. What do you see as the demand trajectory? How sustainable is it against this backdrop of a more militarized world that we are living in? Yeah, things as well. So indeed, Electronic Systems is getting lots of attention from the marketplace. We are in the middle of a supercycle, a supercyc ...

Original title: Indian Electronic Manufacturers Light up as Ties With China Strengthen Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi , an equities reporter in Mumbai. With Prime Minister Narendra Modi and President Xi Jinping discussing ways to boost trade and investment, some market players are formulating investment theses based on the improving relations. All eyes are on the first Tuesday expiry of Nifty 50 index options after the recent rule change. On the trade front, talks between the US and India are in the spotlight, after President Donald Trump said that India has offered to sharply cut tariffs on American goods. While domestic inflows remain strong and derivatives activity is buzzing, technical charts still point to softness beneath the surface. ...

Original title: Treasuries Holdings Cut at Australia’s No. 2 Pension on US Risk Australia’s second-biggest pension fund has grown increasingly bearish on US Treasuries due to concerns that Washington’s policies may stoke inflation. Australian Retirement Trust Pty, which oversees A$330 billion ($216 billion), is underweight US bonds through its dynamic asset allocation strategy, senior portfolio manager Jimmy Louca said in an interview last week. Original article

Original title: Isak joins Liverpool in £125m British record deal Liverpool have signed striker Alexander Isak from Newcastle United for a British record transfer fee of £125m, with the Swede saying he “wanted to create history and win trophies” at Anfield. Newcastle sources claim the deal could be worth as much as £130m with add-ons. Sweden international Isak, 25, had a medical on Monday before signing a six-year contract, and the deal takes Liverpool’s summer spending to about £416.2m, without add-on fees. Isak, who will wear the number nine shirt with the Reds, told the Liverpool website: “This is the next step for me in my career. I’m super happy that I’ve been given this chance and I’m very motivated to do something well with it. “I want to create history. I want to win trophies. That’s ultimately the biggest motivation for me. “This is the perfect place for me to grow even further and to take my game to the next level and help the team as well.” Liverpool had an original £110m offer for Isak rejected in August but have now landed their first-ch ...

Original title: Starmer shakes up No 10 team - but what is he hoping to achieve? Why Starmer wants No 10 rejig after a year in power 14 hours ago Share Save Henry Zeffman Chief Political Correspondent Share Save Getty Images Many of the names involved in Sir Keir Starmer’s Downing Street shake-up are not even household names in Westminster. But the latest moves, announced on Monday as MPs return to Parliament, are a big deal for several reasons. First, in terms of organisational innovation. If you’re struggling to recall who was Chief Secretary to the Prime Minister before Darren Jones, the answer is that there wasn’t one. The role is a new creation, designed to give Sir Keir Starmer firmer command of the government machine he has complained is sluggish and unwieldy. Bringing an MP into the heart of Downing Street’s operations is unusual, if not completely unprecedented - the Conservative MP Steve Barclay was Boris Johnson’s chief of staff in his final months as prime minister. Clearer structures For all that innovation, these latest moves are also partly about est ...

Original title: UK suspends refugee family reunion applications UK suspends refugee family reunion applications 7 hours ago Share Save Sam Francis Political reporter Share Save PA Media 55 small boats were recorded crossing the Channel in August, the lowest August figure since 2019 The government is temporarily suspending new applications for a scheme allowing refugees to bring their family members to the UK. Home Secretary Yvette Cooper said the move, in force from this week, would mean refugees face the same restrictions as other migrants hoping to bring family to join them in the UK. This generally means someone must earn at least £29,000 a year and provide suitable accommodation, while their family member may need to demonstrate a basic level of English. Conservative shadow home secretary Chris Philp said “tweaking the family reunion rules are not enough” to deal with the scale of the UK’s “border security crisis”. It comes on the day Parliament returned after a summer dominated by criticism over the use of hotels for migrants arriving on small ...

Original title: Telluride: ‘Jay Kelly’ Team on Clooney and Stardom, Sandler’s Soulful Turn and Crudup’s Crazy Scene Due to illness, George Clooney couldn’t make it to this year’s Telluride Film Festival for the North American premiere of Jay Kelly, a film that centers on a movie star (Clooney) who experiences an existential crisis that prompts him to take a spur-of-the-moment trip to Europe to see his daughter and accept a career tribute from a film festival, and his “team,” who are expected to drop everything to support him. But a large coterie of Clooney’s collaborators on the film were in town — among them co-writer/director Noah Baumbach, actors Adam Sandler, Laura Dern, Billy Crudup and Patrick Wilson, and composer Nicholas Britell — and basked in the warm reception and awards chatter that greeted the Netflix title at its four festival screenings, two of which followed career tributes to Baumbach. On Sunday, following one of those screenings, I sat down with the aforementioned group for a wide-ranging Q&A. We discussed why Baumbach and Emily Mortimer wrote the part of Kelly with Clooney in mind ...

Original title: World’s Long-Dated Bonds Face a Traditionally Terrible Month Longer-maturity bonds may be in for a treacherous September, if history is any guide. Over the last decade, government bonds globally with maturities of over 10 years posted a median loss of 2% in September, according to data compiled by Bloomberg. That’s the worst monthly performance of the year. Original article

Original title: Indian Money Manager EAAA Raises $510 Million for Private Credit EAAA India Alternatives Ltd. raised 45 billion rupees ($510 million) for its first private credit fund that focuses on special situations such as business turnaround cases using money collected entirely from domestic investors. The fund, which garnered cash from large family offices and wealthy individuals, aims to generate returns in the high teens, said Amit Agarwal , chief executive officer of EAAA, one of India’s largest alternative asset managers. Proceeds from the fundraising will be invested in high-yield debt across industries and used for acquisition financing and corporate recapitalizations too, he said in an interview last week. ...

Original title: Liquidators Focus on Evergrande Founder Hui in HK Court Case China Evergrande’s liquidators are set to zero in on company founder Hui Ka Yan during a court hearing in Hong Kong on Tuesday, where they will push ahead with efforts to recover funds related to one of the world’s biggest corporate meltdowns. While Hui isn’t likely to attend the hearing, he remains a key figure in the ongoing case. ...