Indonesia's economy expanded by 5.61 percent year on year in the first quarter of 2026, supported by broad-based growth across multiple sectors and a sharp increase in government spending, Statistics Indonesia (BPS) said on Tuesday.

Military spending across Asia and Oceania recorded its fastest annual growth in more than a decade in 2025, reflecting rising geopolitical tensions and shifting security priorities.

Meta Platforms Inc. plans to lay off around 10% of its global workforce, affecting roughly 8,000 employees, as the company pushes to improve efficiency while ramping up heavy investment in artificial intelligence.

India’s Wipro announced a record share buyback of up to 150 billion rupees ($1.61 billion) on Thursday after reporting a slight quarterly revenue miss, as clients held back technology spending in the energy and banking sectors, while business from key customer Estée Lauder also slowed.

Australia will increase military spending by 53 billion Australian dollars ($38.1 billion) over the next 10 years under its 2026 National Defense Strategy (NDS), announced on Thursday.

The ongoing military confrontation between the United States and Iran is raising serious questions about financial sustainability and weapons stockpiles, as Washington intensifies operations under what the Pentagon has named “Operation Epic Fury”.

Investment in artificial intelligence is set to remain a key driver of global economic growth over the next two years, according to a new analysis by BofA Global Research.

Micron Technology’s fiscal second-quarter revenue nearly tripled year-on-year and earnings per share rose nearly eightfold, but shares fell after the chipmaker said it would spend over $25 billion on new manufacturing facilities in fiscal 2026, about $5 billion more than prior forecasts.

China’s defense budget is expected to grow by about 7 percent in 2026, according to a draft budget report submitted to the national legislature for review on Thursday.

Denmark has officially announced a substantial increase in funding for the security sector in response to the most significant external threats in decades.