United Kingdom & SK Group

United Kingdom: The joint venture will maintain its headquarters and tax residency in the United Kingdom, despite being incorporated in United States — New Jersey. SK Group's strategy is also focused on its domestic UK market.

SK Group: SK Group is merging its international business operations with Tata Communications Inc. to form a 50:50 joint venture. This move aligns with SK Group's strategy to focus on its domestic UK market and is expected to improve its financial outlook by shedding its international assets.

United Kingdom: The United Kingdom, alongside France, is preparing a naval mission to help secure the Strait of Hormuz by clearing mines and escorting ships, contributing to the stability of the waterway.

SK Group: SK Group is mentioned through an analyst's comments on the rapid decline in oil prices, indicating a faster return of Middle Eastern barrels than anticipated.