Scott Franks, an Indigenous businessman, alleges his joint venture, Glad Indigenous, was a victim of 'black cladding' after a court battle with his partner, Glad Holdings. Despite being majority owner, Franks claims he lacked control, leading to financial losses and the business's eventual closure, impacting 40 employees.
Scott Franks' business, Glad Indigenous, aimed to boost First Nations employment but faced "black cladding" issues, leading to its closure. Despite being majority-owned, Franks alleges a minority partner exerted control, resulting in financial losses and legal battles.
Donald Trump announced on Saturday a new agreement with Iran set to be signed Sunday, claiming it would prevent Tehran from obtaining nuclear weapons and reopen the Strait of Hormuz. However, an Iranian foreign ministry spokesperson urged caution, stating the signing would not happen Sunday. Differing accounts of the deal's terms have emerged from both sides.
Canada expects to select a preferred bidder within 30 days for a submarine program that could be the country's largest procurement ever. Secretary of State for Defence Procurement Stephen Fuhr stated the decision will move one of two qualified suppliers, Germany's TKMS or South Korea's Hanwha Ocean, into detailed negotiations.
India is set to place a record $2 billion military drone order with domestic manufacturers, aiming to enhance border surveillance and modernize its approach to future warfare. The move reflects lessons learned from recent conflicts and a push for self-reliance in defense.
Delhi electricity bills will increase for lakhs of consumers starting July due to a hike in the fuel and power purchase adjustment surcharge (PPAC). DERC allowed power distribution companies to recover higher procurement costs, leading to an estimated 5.7% rise for BYPL consumers and 3.4% for BRPL consumers.
The US Department of Defense has designated 54 Chinese companies, including tech giants Alibaba and Baidu, as "Chinese military companies." The designation, effective June 30, bars the Pentagon from procuring from these firms, though immediate operational impact is expected to be limited as most do not directly sell to the US military. Several companies, including Baidu and Alibaba, have disputed the designation.
The US intensified pressure on Iran with President Trump threatening further strikes and the Treasury Department imposing new sanctions on entities supporting Iran's weapons procurement, including some in China and Hong Kong.
The US intensified pressure on Iran with new strikes and sanctions targeting entities supporting Tehran's weapons procurement, including those in China and Hong Kong. President Trump warned Iran against playing games, as CENTCOM confirmed strikes in response to 'unwarranted aggression.' Iran retaliated by threatening to target maritime traffic in the Strait of Hormuz.
Palantir is suing London Mayor Sadiq Khan after he blocked a £50m contract with the Metropolitan Police, citing procurement rule breaches and lack of value for money. The government is also reviewing a £330m NHS contract with the US tech firm.
France is adapting its military procurement strategy due to rearmament urgency, showing more openness to European suppliers for non-critical equipment while preserving domestic production for strategic technologies like fighter jets and submarines. A key example is the 2026 contract with Sweden's Saab for GlobalEye surveillance aircraft.
An international procurement event, "Quzhou Purchase," was held in Zhejiang, China, bringing together over 40 international buyers from 18 countries and regions with local businesses. The event facilitated direct matchmaking for industries like furniture, outdoor goods, and hardware, aiming to connect global market demand with Quzhou's robust supply chains.
Class 12 student Sarthak Sidhant has ignited a national debate on India's board exam system with his blog analyzing the CBSE's On-Screen Marking (OSM) system and tender documents. His findings, based on official records, have led to questions from opposition leaders and calls for government accountability.
South Korea's Ministry of Agriculture, Food and Rural Affairs will increase onion procurement by 82% to 20,000 tons to stabilize supply due to increased production of mid-late maturing varieties. Measures include export support, storage, and consumption promotion.
Legislator Hung Yu-hsiang's request for detailed drone procurement data has sparked debate. While oversight is crucial, the level of detail could expose supply chain vulnerabilities. A balanced approach is needed to ensure transparency without compromising national security.
A South Korean consortium, 'Team Korea,' has secured a $2.8 billion contract to build the first floating liquefied natural gas (FLNG) facility off the coast of Louisiana, USA. Samsung Heavy Industries will independently handle the entire EPC process for the hybrid FLNG, set for delivery in July 2030.
India is set to procure over $2 billion worth of military drones from domestic manufacturers, marking its largest-ever drone acquisition program. This move, influenced by recent conflicts, aims to boost self-reliance and accelerate the induction of Indian-made unmanned systems.
Taiwan's Ministry of Education refuted claims by the Taiwan People's Party caucus regarding high drone procurement costs. The ministry stated that the procurement includes comprehensive teaching packages, not just individual drones, and that the process is transparent and adheres to procurement laws. The budget is not the final purchase price.
IAF Chief Air Chief Marshal A P Singh is in France for a four-day visit to advance the Rafale deal. India has issued a Letter of Request (LoR) for 114 multirole 4.5-generation fighter jets worth Rs 3.25 lakh crore. The deal includes significant domestic manufacturing.
CBSE chairperson Rahul Singh and secretary Himanshu Gupta were removed from their posts amid criticism over the digital evaluation system. A one-member inquiry committee has been formed to investigate the procurement of the on-screen marking system.
Malaysia is seeking a refund for the Naval Strike Missile system it purchased from Norway after Oslo refused to grant an export license. Defense Minister Khaled urged his Norwegian counterpart to facilitate the refund process and suggested advancing repayment before seeking reimbursement from the involved company.
South Korea's Defense Acquisition Program Administration (DAPA) will provide technical assistance to the investigation into a fatal explosion and fire at a Hanwha Aerospace factory that killed five and injured two. DAPA has formed a task force and will utilize expertise from specialized institutions to determine the cause.
US defense industry executives advocate for diversified procurement channels for Taiwan, including both government-to-government Foreign Military Sales (FMS) and Direct Commercial Sales (DCS). They argue that multiple avenues enhance deterrence against China, emphasizing speed and flexibility in acquiring defense capabilities. Executives from IMSAR, Shield AI, and Anduril shared insights on Taiwan's defense budget and procurement challenges.
South Korea's Marine Attack Helicopter (MAH) has completed all weapons tests, including live-fire exercises for air-to-air missiles, entering the final development phase. The program aims to enhance the Marine Corps' amphibious and air capabilities, with deployment expected after mass production begins in 2027.
