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SpaceX’s First Earnings Offer a Chance to Reverse Stock’s Plunge

SpaceX’s first earnings report since its record-setting initial public offering is among the summer’s most closely watched releases for Wall Street traders and others. Investors are looking for evidence that could justify buying the stock after its decline. Whether the report can actually reverse that slide remains uncertain. The results therefore carry significant expectations beyond the company itself.

Markets Companies & industrySpaceXearningsinitial public offeringstock price

BBloomberg NewsOriginal★★☆☆☆2026-08-04 17:37

SpaceX’s First Earnings Offer a Chance to Reverse Stock’s Plunge

Blackstone Pitches Mega Debt Package for Anthropic Chip Deal

Blackstone Inc. has begun early talks with investors about their appetite for a second mega debt package. The proposed financing would support Anthropic PBC’s use of chips supplied by Alphabet Inc.’s Google. The discussions are exploratory and focus on gauging investor interest in funding the chip arrangement.

Macro & central banks Companies & industry Tech & AIBlackstoneAnthropicdebt financingGoogle chips

BBloomberg NewsOriginal★★☆☆☆2026-08-04 16:30

Blackstone Pitches Mega Debt Package for Anthropic Chip Deal

WorldQatar says US-Iran mediation continues, but no direct talks are planned

Qatar says efforts to mediate between the United States and Iran are continuing. Signals from Washington and Tehran have been contradictory. Tehran has rejected President Trump’s assertion that talks are already under way. Qatar’s statement indicates that, despite the mediation effort, no direct US-Iran discussions are currently planned.

United StatesIranQatardiplomatic mediation

BBBC NewsOriginal★★★★☆2026-08-04 15:11

Qatar says US-Iran mediation continues, but no direct talks are planned

Oil prices fall on hopes Strait of Hormuz could reopen
Oil prices declined as hopes grew that the Strait of Hormuz might reopen. US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent each said talks had advanced. The discussions are aimed at enabling shipments to resume. Their announcements helped strengthen expectations of renewed passage through the strategic waterway.
Strait of Hormuzoil pricestalks
BBBC News★★★★☆2026-08-04 14:58Original
Why are oil companies posting record profits amid Iran war disruption?
Big Oil companies are reporting extraordinarily large profits while the Iran war disrupts energy flows. The critical Strait of Hormuz remains closed, creating a stark backdrop to the industry’s financial gains. The combination of a major wartime disruption and record earnings raises questions about how oil producers are benefiting as the key waterway stays shut.
oil profitsIran warStrait of Hormuz
AAl Jazeera★★★★☆2026-08-04 14:04Original
Bessent: US-Iran deal could be reached as early as August 4-5
US Treasury Secretary Scott Bessent says an agreement between the United States and Iran could be concluded as early as August 4-5. He says the arrangement would guarantee freedom of navigation through the waterway. The statement presents the prospective deal as addressing passage through the waterway and the two countries’ negotiations.
United StatesIrandiplomacyfreedom of navigation
TTASS★★★★☆2026-08-04 12:39Original
MAJORUS, Iran at odds over talks as Hormuz standoff persists
US President Donald Trump said Monday that talks with Iran are underway now. He described the discussions as Tehran’s “last chance” to reach a deal that would end the five-month war. Iran rejected that account, saying no negotiations were happening or planned. The conflicting statements come as the standoff around the Strait of Hormuz continues.
US-Iran relationstalksStrait of Hormuzwar
CCGTN★★★★★2026-08-04 11:54Original
Bessent says US-Iran deal may be reached by Wednesday to reopen Hormuz
U.S. Treasury Secretary Scott Bessent said on Tuesday that an agreement with Iran could be reached as early as Tuesday or Wednesday. He said the deal could allow the Strait of Hormuz to reopen. The comments were reported by CNBC. The statement points to a possible diplomatic step focused on restoring access through the strategic waterway.
US-Iran relationsStrait of Hormuzdiplomacy
CCGTN★★★★☆2026-08-04 11:44Original
Threat to Middle East oil tankers reaches highest level since Iran war began
The threat facing oil tankers in the Middle East has reached its highest level since the war involving Iran began. Several vessels have come under attack in the Red Sea. Some tankers have been using the waterway as an alternative route since Iran imposed a blockade on the Strait of Hormuz.
Middle Eastoil tankersRed Sea attacksStrait of Hormuz
BBBC Chinese★★★★☆2026-08-04 11:43Original
US, Iran exchanging peace drafts through intermediaries, Qatari Foreign Ministry says
The United States and Iran are exchanging draft peace documents through intermediaries, according to Qatar’s Foreign Ministry. Majed bin Mohammed al-Ansari said the documents “had been prepared on behalf of both governments.” His statement attributes the preparation to the two governments rather than to outside parties. The reported exchange points to diplomatic contact focused on possible peace arrangements between Washington and Tehran.
US-Iranpeace talksQatar diplomacy
TTASS★★★★☆2026-08-04 11:24Original
Israel sees US-Iran conflict as more advantageous than a deal, portal reports
Israeli authorities reportedly believe that a conflict between the United States and Iran would be more advantageous for Israel than reaching a deal. The assessment comes as Washington is said to be concentrating primarily on restoring shipping through the Strait of Hormuz. Israel’s view therefore contrasts the potential benefits of continued conflict with those of an agreement. The report links that assessment directly to the US focus on reopening maritime traffic through the strait.
IsraelUnited StatesIranStrait of Hormuz
TTASS★★★★☆2026-08-04 10:44Original
Iran-Oman deal may formalize Tehran’s control of Strait of Hormuz
An agreement between Iran and Oman could formally establish Tehran’s control over the Strait of Hormuz, according to the report. Vessels entering the Persian Gulf would use a channel controlled by Iran and located close to its coast. Ships leaving the Gulf would instead travel through a channel near Oman. The proposed arrangement would place inbound and outbound maritime traffic along separate routes near the two countries’ shores.
IranOmanStrait of Hormuzshipping
TTASS★★★★☆2026-08-04 09:51Original

Russia’s only officially recognized maker of domestically produced TVs declared bankrupt

A Moscow arbitration court has ruled that Kvant LLC is bankrupt. The company is the legal entity behind the television-manufacturing Kvant group of companies. The Russian business daily Kommersant reported the decision, citing court records.

Companies & industryRussiaKvanttelevision manufacturingbankruptcy

MMeduzaOriginal★★☆☆☆2026-08-04 14:57

Russia’s only officially recognized maker of domestically produced TVs declared bankrupt

Prime Minister: Tourism should contribute at least 5% of Russia’s GDP by 2030

Russian Prime Minister Mikhail Mishustin says tourism’s contribution to the country’s gross domestic product should reach at least 5% by 2030. He says the tourism and hospitality industry has increased its contribution to Russia’s economy in recent years. By the end of 2025, that contribution had exceeded 3%.

Macro & central banks Companies & industryRussiatourismGDP

TTASSOriginal★★★☆☆2026-08-04 13:18

Prime Minister: Tourism should contribute at least 5% of Russia’s GDP by 2030

Putin: Russia’s Alrosa holds 50% of the world’s diamond reserves

Russian President Vladimir Putin said that Alrosa holds about half of the world’s diamond reserves. He added that the company’s output represents roughly 30% of global diamond production. Putin’s figures highlight Alrosa’s substantial position in the international diamond industry. The statement focused on both the company’s reserves and its share of worldwide output.

Companies & industryRussiaAlrosadiamondsglobal production

TTASSOriginal★★★☆☆2026-08-04 12:17

Putin: Russia’s Alrosa holds 50% of the world’s diamond reserves

Minister: Russia’s domestic tourism to remain unchanged year-on-year in 2026

Domestic tourism in Russia is expected to remain at the same level in 2026 as it was the previous year, Minister Maxim Reshetnikov said. He added that domestic travel is projected to reach 140 million trips annually by 2030. The forecast points to stable activity in the sector next year. Longer-term travel volumes are expected to grow toward the end of the decade.

Companies & industryRussiadomestic tourismtravel forecast

TTASSOriginal★★★☆☆2026-08-04 09:12

Minister: Russia’s domestic tourism to remain unchanged year-on-year in 2026

Foreign tourist arrivals in Russia rise 20% in first half of 2026, minister says

The number of foreign tourists visiting Russia increased by 20% in the first half of 2026, according to Economic Development Minister Maxim Reshetnikov. Reshetnikov attributed the growth to decisions taken by the president and the government. His statement presented those decisions as the reason behind the rise in visitor numbers. The reported increase concerns foreign tourism to Russia during the first six months of the year.

Companies & industryRussiaforeign touriststourism

TTASSOriginal★★★☆☆2026-08-04 08:39

Foreign tourist arrivals in Russia rise 20% in first half of 2026, minister says

Xinjiang Production and Construction Corps expands value-added fruit processing

A cooperative affiliated with the Xinjiang Production and Construction Corps is sun-drying Hami melons during the peak harvest period. The processing method is intended to lengthen the fruit’s shelf life and limit waste. It represents an effort to add value within the regional fruit industry while handling a seasonal harvest surge.

Companies & industryXinjiang Production and Construction CorpsHami melonsfruit processing

CChina News ServiceOriginal★★☆☆☆2026-08-04 08:27

Xinjiang Production and Construction Corps expands value-added fruit processing

China’s electronic information manufacturing revenue rises 18.5% in H1

China’s electronic information manufacturing industry maintained strong momentum during the first half of 2026. Revenue increased by 18.5 percent over the period, according to data released by the Ministry of Industry and Information Technology. The figures point to continued growth in this part of China’s industrial sector.

Macro & central banks Companies & industryChina economyelectronic information manufacturingindustrial growth

CChina News ServiceOriginal★★★☆☆2026-08-04 08:11

China’s electronic information manufacturing revenue rises 18.5% in H1

Innovative Chinese retail models reshape global market

Retail approaches developed and scaled in China are changing consumer behavior worldwide, a report released Monday says. Live commerce, social commerce and instant retail are influencing how people discover and purchase products. These models are also altering the ways consumers interact with brands and engage with them. Their growing international reach is reshaping the global retail landscape.

Companies & industryChinese retailglobal marketlive commercesocial commerce

CChina News ServiceOriginal★★☆☆☆2026-08-04 05:28

Innovative Chinese retail models reshape global market

Petrol prices strain US households as Chevron, Exxon profits soar

Rising petrol prices are putting greater pressure on households across the United States. Low-income families are bearing the heaviest burden, spending more than 10 percent of their monthly income on petrol. At the same time, oil giants Chevron and Exxon are reporting sharply higher profits, highlighting the contrast between household costs and major energy companies’ earnings.

Macro & central banks Energy & commodities Companies & industrypetrol pricesUS economyChevronExxon

AAl JazeeraOriginal★★★☆☆2026-08-03 23:02

Petrol prices strain US households as Chevron, Exxon profits soar

No More ‘Shop Till You Drop’: Why Chinese Consumers Are Saving Instead

Chinese consumers are cutting back on shopping and living more frugally. The government has introduced measures to stimulate spending, including consumer subsidies and a five-year plan to expand consumption. Yet these policies appear not to have produced the results Beijing expected. The slowdown may be temporary, or it may point to deeper structural problems in China’s consumer economy.

Macro & central banks Companies & industryChina economyconsumer spendingsubsidies

BBBC ChineseOriginal★★★☆☆2026-08-03 14:08

No More ‘Shop Till You Drop’: Why Chinese Consumers Are Saving Instead

Russia’s manufacturing PMI rises to 50.7 in July

Russia’s manufacturing Purchasing Managers’ Index climbed to 50.7 in July. The survey recorded a second straight month of growth in total new sales. It also found that the pace of expansion accelerated during the month. Growth reached its fastest rate since May 2025. The figures point to stronger momentum in the manufacturing sector.

Macro & central banks Companies & industryRussiamanufacturingPMI

TTASSOriginal★★★☆☆2026-08-03 13:41

Russia’s manufacturing PMI rises to 50.7 in July

Russia’s new-car sales rise 10% year on year to 815,100 in January-July — ministry

Russia’s new-car sales increased by 10% year on year during January through July, according to the ministry. Sales reached 815,100 vehicles over the reporting period. The domestically produced car market accounted for more than 516,000 units. The figures indicate growth in Russia’s new-vehicle market during the first seven months of the year.

Companies & industryRussiaauto marketnew-car sales

TTASSOriginal★★★☆☆2026-08-03 13:01

Russia’s new-car sales rise 10% year on year to 815,100 in January-July — ministry

CGTN poll: Over 80% say China’s summer economy is driving growth

A CGTN poll finds that more than 80% of respondents view China’s summer economy as a source of growth. Overseas tourists are flocking to Chinese cities, while the “China Travel” trend has gone viral on social media. Demand abroad for cooling products made in China is also surging. Together, these developments have again put China’s summer consumption in the global spotlight.

Macro & central banks Companies & industryChina economysummer consumptionoverseas tourismChinese manufacturing

CCGTNOriginal★★★☆☆2026-08-03 11:21

CGTN poll: Over 80% say China’s summer economy is driving growth

After the fires, France’s touristy southwest reckons with economic fallout

A major wildfire in France’s southwestern Gironde region is gradually being brought under control, allowing daily life to return little by little. Hotels and campsites are reopening as holidaymakers try to revive their summer plans. Yet businesses dependent on vacation traffic face a lengthy recovery. The record-breaking fire season is not over, leaving the region’s tourism economy exposed to further disruption.

Companies & industryFranceGirondewildfirestourism

FFrance 24Original★★★☆☆2026-08-03 10:24

After the fires, France’s touristy southwest reckons with economic fallout

Spain’s wildfires: Counting the economic cost

Devastating wildfires are inflicting serious damage on Spain’s tourism sector, economy and natural environment. The destruction has prompted questions about whether more could have been done to prevent the flames. The focus is on the economic burden created by the fires and their wider impact on the country. Spain is now confronting the consequences for both livelihoods and nature.

Companies & industrySpainwildfirestourismeconomic impact

DDWOriginal★★★☆☆2026-08-03 05:05

Spain’s wildfires: Counting the economic cost

AI’s impact on jobs: The pain and opportunities facing Chinese graduates

China is expected to have 12.7 million university graduates in the 2026 cohort, an increase of 480,000 from the previous year. The total has risen for 11 consecutive years, reaching another historic high. Including people from earlier cohorts who remain unemployed and returning overseas graduates, the number seeking work throughout the year exceeds 15 million.

Companies & industry Tech & AIartificial intelligenceemploymentChinese graduates

BBBC ChineseOriginal★★★☆☆2026-08-03 00:33

AI’s impact on jobs: The pain and opportunities facing Chinese graduates

Seven OPEC+ nations to raise daily oil output by 188,000 barrels in September

Seven OPEC+ countries are set to increase their combined daily oil production in September by 188,000 barrels. The adjustment is reflected in an OPEC production table. Russia’s quota will rise by 62,000 barrels per day. The figures describe changes to the participating countries’ production allocations.

Energy & commodities Companies & industryOPEC+oil productionRussiaenergy markets

TTASSOriginal★★★★☆2026-08-02 13:15

Seven OPEC+ nations to raise daily oil output by 188,000 barrels in September

OPEC+ to raise September oil output by 188,000 barrels per day
Seven OPEC+ countries agreed on Sunday to increase their September oil production cap by 188,000 barrels per day. The increase will be measured against August’s level. The decision was announced in a statement released after the group held a virtual meeting. It continues OPEC+’s recent pattern of raising production limits.
OPEC+oil productionenergy markets
CCGTN★★★☆☆2026-08-02 11:26Original

US companies win billions in African data center deals in direct competition with China

American companies are securing artificial-intelligence data center and power contracts worth billions of dollars across Africa. The deals span countries from Lesotho to Gabon as competition between Washington and Beijing intensifies. The developments place African digital infrastructure and energy projects increasingly at the center of the US-China trade contest. The deals reflect a widening commercial rivalry between the two countries on the continent.

Trade & sanctions Companies & industry Tech & AIUS companiesChinaAfricadata centerstrade war

FFox NewsOriginal★★★★☆2026-08-02 10:00

US companies win billions in African data center deals in direct competition with China

EVs and hybrids approach half of Australian new car sales amid ongoing fuel crisis

Australians bought electric and hybrid vehicles at almost the same rate as petrol cars from April to June, according to Australian Automobile Association data. Electric vehicle sales doubled in the months after the fuel price spike reached its peak. Petrol prices are again expected to pass A$2 a litre after federal fuel excise cuts ended on Sunday. The reductions had been introduced to offset the effects of the continuing crisis in the Middle East.

Energy & commodities Companies & industryAustraliaelectric vehicleshybrid carsfuel prices

TThe GuardianOriginal★★★☆☆2026-08-02 05:00

EVs and hybrids approach half of Australian new car sales amid ongoing fuel crisis

USCBC president: US companies recognize China’s economic strengths

Sean Stein, president of the US-China Business Council, said US companies recognize the strengths of China’s economy and innovation system. He said these companies are seeking partnerships with Chinese firms. The aim, according to Stein, is to strengthen their competitiveness. He made the remarks on Friday.

Macro & central banks Trade & sanctions Companies & industryUS-China tradeChina economyinnovationbusiness partnerships

CCGTNOriginal★★☆☆☆2026-08-02 01:26

USCBC president: US companies recognize China’s economic strengths

Türkiye and Iraq sign one-year oil pipeline deal amid global shift

Türkiye and Iraq have signed a renewed one-year agreement covering oil flows through their pipeline. Officials confirmed that the arrangement will keep crude moving through the Iraq–Türkiye pipeline at a rate of 750,000 barrels per day. The deal comes as the global energy landscape undergoes a shift. It secures the continuation of a major cross-border crude route between the two countries.

Energy & commodities Companies & industryTürkiyeIraqoil pipelineenergy

AAl JazeeraOriginal★★★☆☆2026-08-01 16:43

Türkiye and Iraq sign one-year oil pipeline deal amid global shift

CGTN poll: 93% expect more innovation from Chinese manufacturing

A CGTN poll says 93% of respondents expect Chinese manufacturing to deliver more innovation.

Companies & industryChinese manufacturinginnovationpoll

CCGTNOriginal★★☆☆☆2026-08-01 06:51

CGTN poll: 93% expect more innovation from Chinese manufacturing

Wildberries CEO speaks after a week of Ukrainian warehouse strikes

Wildberries founder and CEO Tatiana Kim has spoken publicly after a week of strikes on the company’s warehouses in Ukraine. She claimed that Wildberries entrepreneurs in Russia and partner countries, including China and Kazakhstan, had suffered losses totaling “billions.” The specific monetary figure and further details of the strikes were not provided.

Companies & industryWildberriesUkraine strikeswarehousesbusiness losses

TThe Kyiv IndependentOriginal★★☆☆☆2026-08-01 00:11

Wildberries CEO speaks after a week of Ukrainian warehouse strikes

Wildberries founder Tatyana Kim addresses drone strikes, warehouse damage and compensation, calling Ukrainian strikes ‘terrorist attacks’
On July 31, Wildberries founder and CEO Tatyana Kim addressed sellers, customers and the business community in a video posted to her Telegram channel. Her remarks came after two weeks of Ukrainian strikes on the company’s warehouses. Kim discussed the drone attacks, damage to the facilities and compensation, while describing the Ukrainian strikes as “terrorist attacks.”
Wildberriesdrone strikeswarehouse damagecompensation
MMeduza★★☆☆☆2026-07-31 19:53Original

Adani to pay no company tax despite nearly $1bn in Queensland coal revenue

Indian conglomerate Adani generated almost $1bn from its Queensland coal operations over the past year but will pay no company tax. Accounts show the Carmichael thermal coal business offset $963.5m in revenue with substantial production and related-party logistics costs. The company consequently reported a $340.6m loss for the year, wiping out its tax liability. Adani had previously promised to contribute billions through taxes and royalties.

Macro & central banks Energy & commodities Companies & industryAdaniCarmichael coal minecompany taxQueensland

TThe GuardianOriginal★★★☆☆2026-08-01 00:00

Adani to pay no company tax despite nearly $1bn in Queensland coal revenue