Long Term

• L3Harris Technologies is expanding its strategic focus on defense electronics, specifically in communication systems, sensors, and mission-critical solutions. • The company serves a diverse client base consisting of both government agencies and commercial customers to maintain its market position. • Investors are closely monitoring the firm's long-term growth prospects, which are heavily dependent on sustained government spending and ongoing technology upgrades.

• EU Budget Commissioner Piotr Serafin has criticized a group of "frugal" member states for proposing significant spending cuts to the upcoming long-term budget. • The dispute centers on the financial framework for the 2028-2034 period, with these nations pushing for a substantial reduction in overall expenditures. • This tension highlights a recurring ideological divide within the European Union between nations advocating for fiscal restraint and those prioritizing strategic investment.

• DBS Bank identifies Indian companies that pivot toward AI-enabled services and productivity solutions as the primary long-term winners amidst global AI disruption. • The bank notes that these firms are best positioned to navigate challenges such as high energy prices and the evolving technological landscape. • Despite this potential, DBS observes that India and Indonesia have largely been bypassed by the recent strong investment momentum seen across the broader Asian region.

• The Opinions Editor argues that while immediate economic troubles have eased, the structural foundations necessary for sustainable, long-term growth remain absent. • Key sectors are struggling: high-skilled IT services are under pressure, manufacturing is failing to gain traction, and the financial sector is not creating enough low-to-medium skilled roles. • Job growth is currently concentrated in low-end services, exemplified by Zepto, which saw its delivery rider workforce surge from 49,278 in 2024 to 2.21 lakh in 2026.

• General Atlantic Co-President Martin Escobari discussed India's economic trajectory during a conversation with Zerodha co-founder Nikhil Kamath on June 11, 2026. • Escobari, representing a firm that has invested over $5 billion in India, urged the nation to be patient and avoid simply replicating China's development model. • He emphasized that India must develop a unique growth strategy tailored to its own specific strengths and systemic complexities to ensure sustainable success.

Report says confidence among 16- to 21-year-olds has fallen sharply as they doubt hard work will be rewardedYoung people in England are increasingly “losing faith in their futures” according to a report, as record numbers fear long-term unemployment.Analysing survey data, including from the Office for National Statistics, the Institute for Public Policy Research (IPPR) said 16- to 21-year-olds were less confident about being successful than a decade ago. Continue reading...

Rise in bond yields due to fuel prices and stability concerns will eat away at Rachel Reeves’s fiscal headroomBusiness live – latest updatesThe UK government’s long-term borrowing costs have hit their highest level since 1998, amid rising fuel prices and concerns about political stability.The yield – effectively the interest rate – on 30-year UK government bonds (gilts) hit 5.76% at lunchtime on Tuesday, up 0.11 percentage points – exceeding the 27-year high reached last autumn. Continue reading...