Nvidia CEO Huang resigns over affairs, CFO Kress takes over as interim chiefPutin holds firm on territory and troops as Europe gets a seat at next talksTrump says US needs no Iran deal and pulls Vance from talksNvidia falls below $4tn as CEO Huang resigns, hitting AI stocksIsraeli strike on Gaza's Nasser Hospital kills surgeon despite ceasefireMSF and Africa CDC warn Congo Ebola response is falteringRussia and Ukraine trade strikes as Starshield curbs hamper Ukrainian defencesTwo tankers burn in Hormuz and another is hit off UAE coastHouthis claim strikes on Saudi Aramco and airbases as Yemen displacement passes 320,000Brooklyn collapse toll reaches eight as rescue search endsUS and China discuss trilateral summit with Russia after Rubio-Wang callChina says US is using Nvidia scandal as pretext for tech curbsIsrael readies for possible Iran strike as Netanyahu and Eisenkot clashIndonesian vice president resigns after courts reject school credentialsXi says Taiwan 'reunification' will happen, Taipei rejects itTrump threatens to double tariffs on Mexico over migrantsFourteen killed in 23-vehicle crash and fire in FujairahFed hike expectations lift yields and weigh on Asian currenciesTen police officers and 18 fighters killed in northwest Pakistan attackEurope demands a say in security decisions as diplomats gather in DublinSpain passes housing protections after general strike clashesBaby dies of cold in Gaza as 53 countries and organizations urge unrestricted aidNew hoax bomb threats target more than 1,800 Italian schoolsEU and UK prepare new Russia sanctionsSpaceX plans $74bn data-centre investment in Texas and ArizonaAmnesty says UN and South Sudan officials failed to prevent village massacreIndia's inflation tops RBI limit as rupee falls to 94 per dollarTwo Iranian men convicted in UK of spying on journalists for IranMercedes halts investment in Germany as IG Metall calls full-day strikesOil falls below $90 for first time since August as investors weigh US-Iran diplomacyOne killed and four wounded in shooting near White House in WashingtonSoftBank and Nvidia back Agile Robots at $8.5bn valuationUS existing home sales hit lowest level since 2010Dutch coalition nears collapse over wealth taxUkraine-founded naval drone maker UForce valued at $6bnChina approves Eli Lilly's weight-loss pill orforglipronUK economy grows 0.7% in third quarter, most in two and a half yearsKazakh sovereign fund and railway heads arrested on suspicion of corruptionNorth Korea warns US and allies of 'concrete actions' over submarine buildupNvidia CEO Huang resigns over affairs, CFO Kress takes over as interim chiefPutin holds firm on territory and troops as Europe gets a seat at next talksTrump says US needs no Iran deal and pulls Vance from talksNvidia falls below $4tn as CEO Huang resigns, hitting AI stocksIsraeli strike on Gaza's Nasser Hospital kills surgeon despite ceasefireMSF and Africa CDC warn Congo Ebola response is falteringRussia and Ukraine trade strikes as Starshield curbs hamper Ukrainian defencesTwo tankers burn in Hormuz and another is hit off UAE coastHouthis claim strikes on Saudi Aramco and airbases as Yemen displacement passes 320,000Brooklyn collapse toll reaches eight as rescue search endsUS and China discuss trilateral summit with Russia after Rubio-Wang callChina says US is using Nvidia scandal as pretext for tech curbsIsrael readies for possible Iran strike as Netanyahu and Eisenkot clashIndonesian vice president resigns after courts reject school credentialsXi says Taiwan 'reunification' will happen, Taipei rejects itTrump threatens to double tariffs on Mexico over migrantsFourteen killed in 23-vehicle crash and fire in FujairahFed hike expectations lift yields and weigh on Asian currenciesTen police officers and 18 fighters killed in northwest Pakistan attackEurope demands a say in security decisions as diplomats gather in DublinSpain passes housing protections after general strike clashesBaby dies of cold in Gaza as 53 countries and organizations urge unrestricted aidNew hoax bomb threats target more than 1,800 Italian schoolsEU and UK prepare new Russia sanctionsSpaceX plans $74bn data-centre investment in Texas and ArizonaAmnesty says UN and South Sudan officials failed to prevent village massacreIndia's inflation tops RBI limit as rupee falls to 94 per dollarTwo Iranian men convicted in UK of spying on journalists for IranMercedes halts investment in Germany as IG Metall calls full-day strikesOil falls below $90 for first time since August as investors weigh US-Iran diplomacyOne killed and four wounded in shooting near White House in WashingtonSoftBank and Nvidia back Agile Robots at $8.5bn valuationUS existing home sales hit lowest level since 2010Dutch coalition nears collapse over wealth taxUkraine-founded naval drone maker UForce valued at $6bnChina approves Eli Lilly's weight-loss pill orforglipronUK economy grows 0.7% in third quarter, most in two and a half yearsKazakh sovereign fund and railway heads arrested on suspicion of corruptionNorth Korea warns US and allies of 'concrete actions' over submarine buildup
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Symbolic image: Ukraine-founded naval drone maker UForce valued at $6bnSymbolic image

Ukraine-founded naval drone maker UForce valued at $6bn

3 sources

UForce, a London-based naval drone maker founded by Ukrainians, raised $700m at a $6bn valuation, Reuters and Bloomberg report. Britain's national wealth fund invested £113m, according to The Guardian, which says the firm's equipment has been used heavily in the war with Russia.

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