The U.S. Asset Management Market is Expected to Grow from $96.69 Billion (2025) to $677.89 Billion by 2035, While Europe is Projected to Reach $4,542.68 Billion by 2035, Driven by AI, IoT Integration, and Expanding Enterprise Asset Lifecycle Management Across Industrial and Financial SectorsAustin, June 10, 2026 (GLOBE NEWSWIRE) -- The Asset Management Market was valued at USD 885.92 Billion in 20...
The U.S. Asset Management Market is Expected to Grow from $96.69 Billion (2025) to $677.89 Billion by 2035, While Europe is Projected to Reach $4,542.68 Billion by 2035, Driven by AI, IoT Integration, and Expanding Enterprise Asset Lifecycle Management Across Industrial and Financial SectorsAustin, June 10, 2026 (GLOBE NEWSWIRE) -- The Asset Management Market was valued at USD 885.92 Billion in 2025 and is expected to reach USD 18,071 Billion by 2035, growing at a CAGR of 35.2% during the foreca
NATO Country Halts Arms To Ukraine Under New Eurosceptic Prime Minister In yet another example of Ukraine war fatigue among European allies, NATO member Bulgaria has newly announce it is halting weapons deliveries to Ukraine, signaling a major shift in the eastern European country's longtime policy. The prior government proved itself early out of the gate as an enthusiastic arms backer of Kiev, bu...
NATO Country Halts Arms To Ukraine Under New Eurosceptic Prime Minister In yet another example of Ukraine war fatigue among European allies, NATO member Bulgaria has newly announce it is halting weapons deliveries to Ukraine, signaling a major shift in the eastern European country's longtime policy. The prior government proved itself early out of the gate as an enthusiastic arms backer of Kiev, but new Bulgarian Prime Minister Rumen Radev, whose Progressive Bulgaria party won the April election, is rolling back the prior policy . The new government has made clear it has a new peace agenda, and its position is that nothing will be resolved by just pouring more heavy arms into the conflict, now in its fifth year. It was given a new mandate, but after reports of low voter turnout in the country. Anadolu Agency "What we are witnessing is a war of attrition, and no matter how much weaponry is amassed, its only result is the loss of human lives," the country's Defense Minister Dimitar Stoyanov told reporters on Tuesday, The defense chief stressed it is time to sit down at the negotiating table "to seek a just peace that is defined by both sides." "Ukraine needs more people, not more weapons. It has enough weapons, so we do not envisage providing more weapons to the Ukrainian army ," he added. "Of course, the role of the EU is extremely important," he said, explaining that "it would be difficult to assign this role to that of a mediator for the simple reason that the EU has also assisted Ukraine in its efforts in this war anyway." As for the recently installed in office Radev, he's a eurosceptic former fighter pilot, who had built his campaign around calls for pragmatic ties with Moscow, resumption of Russian energy supplies and an end to military aid for Ukraine. He has repeatedly criticized EU overreach on green-energy mandates, sanctions policies and what he describes as moral posturing in a “world without rules.” While analysts note he is unlikely to ultimately jeopard...
Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. is being reviewed under the European Union’s foreign subsidy regime, who will probe some $24 billion in Middle Eastern funds helping to bankroll the takeover. The filing, notified to the bloc’s competition watchdog on June 9, is now subject to investigations under both the bloc’s Foreign Subsidies Regulation and the EU...
Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. is being reviewed under the European Union’s foreign subsidy regime, who will probe some $24 billion in Middle Eastern funds helping to bankroll the takeover. The filing, notified to the bloc’s competition watchdog on June 9, is now subject to investigations under both the bloc’s Foreign Subsidies Regulation and the EU’s standard merger rules. The EU commission set a deadline of July 14 to decide whether or not to escalate its subsidy probe into the deal, which unites two Hollywood studios behind legendary films from Casablanca and Harry Potter to Mission: Impossible; two major news networks in CNN and CBS; the streaming powerhouse HBO and dozens of cable networks. Under the bloc’s foreign subsidies law, the EU has powers to vet subsidies that can hamper European markets, and could issue fines, suspend tenders or block takeovers by state-funded firms. “We don’t comment on any of our ongoing regulatory proceedings,” Paramount said. “As we have said before, we have been engaged with all regulatory and law enforcement bodies in a constructive and transparent manner and will continue to do so.” A commission spokesperson declined to comment. A trio of Middle Eastern funds have agreed to stump up $24 billion to help bankroll Paramount’s bid for WBD. This includes Saudi Arabia’s Public Investment Fund , the Qatar Investment Authority , and the relatively-unknown Abu Dhabi firm L’imad Holding Co. The funds are overseen by wealthy Gulf states that have long supplied large amounts of capital to global buyout firms. One example is Apollo Global Management Inc., which is among firms providing as much as $54 billion of financing for the Paramount offer. Abu Dhabi’s Mubadala Investment Co. has a long-standing relationship with Apollo, and the PIF’s venture arm has invested in funds run by the US firm. Should EU regulators deem that the financing risks distort competition in the bloc, it could launch a...
Sea Ltd. ’s Shopee is cutting hundreds of developer jobs globally, joining rivals across the world in slashing staff while they adopt AI in the workplace and develop new services based on the technology. The reductions, which started this week, amount to about 8% of Shopee’s developer workforce, according to people familiar with the matter. They affect roles such as quality assurance and more cuts...
Sea Ltd. ’s Shopee is cutting hundreds of developer jobs globally, joining rivals across the world in slashing staff while they adopt AI in the workplace and develop new services based on the technology. The reductions, which started this week, amount to about 8% of Shopee’s developer workforce, according to people familiar with the matter. They affect roles such as quality assurance and more cuts might follow, the people added, asking not to be identified discussing private information. It’s unclear if the move is directly tied to Sea’s forays into artificial intelligence. But they coincide with a growing debate about the impact of the technology on jobs across the world, as well as discussions around potential “AI-washing” in the wake of major layoffs at Jack Dorsey ’s Block Inc. as well as Oracle Corp . Many tech companies hired aggressively during the pandemic, when online and digital activity boomed and firms struggled to keep pace. At the same time, concerns are growing that AI will reduce a reliance on traditional software tools, eroding the lucrative business of enterprise IT services. While AI hasn’t yet translated into clear productivity gains, many companies are seeking ways to do more with less. Sea, the operator of online retailer Shopee and the Garena gaming platform, is making structural shifts after Chief Executive Officer Forrest Li declared that a trillion-dollar market capitalization was possible if his company doubled down on AI. It joins a growing number of companies like rival Alibaba Group Holding Ltd. that are investing in AI to catalyze growth while competition in their core business intensifies. A Sea spokesperson said the company regularly reviews and adjusts its staffing needs. “These decisions are always made after careful consideration. For colleagues affected by any changes, we are committed to providing support during this period of transition.” The company’s stock has taken a beating since September — when it was valued at roughly $1...