Japan is increasing its defence budget to 8.7 trillion yen ($55 billion) by 2025 to enhance its strike-back capability with long-range cruise missiles amid escalating threats from North Korea, China, and Russia. Currently undergoing a five-year military buildup, Japan aims to spend over 115 trillion yen for its national budget bill and plans to double its military spending to become the world’s third-largest military spender. The new defence strategy includes deploying US-made Tomahawks and strengthening the missile defence system with additional purchases and upgrades.
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One sentence from Musk that made investors happiest during Tesla earnings call
Tesla investors reacted positively after CEO Elon Musk announced he would redirect his focus back to the company, following a significant profit drop and revenue decline. Musk stated he would spend more time on Tesla starting in May, which contributed to an 8% surge in shares, despite the company reporting a 71% profit decline and a 9% revenue drop in the first quarter. While analysts noted the urgency of Musk's commitment, they expressed concerns over...
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