Britain and France are to order more highly lethal Storm Shadow cruise missiles, while stepping up work on its replacement as part of a new refreshed agreement signed Thursday between the leaders of the two nations.
The new agreement will see the UK and France commit to launch the next phase of their joint project for both deep strike and anti-ship missiles - a step closer to selecting a final design for Storm Shadow's replacement.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.