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College Graduates Struggle to Find Jobs. Non-Grads Are Giving Up

Young Americans with college degrees have traditionally faced lower unemployment than people their age without degrees. Graduates can compete for positions that require higher education as well as jobs open to anyone. Those without degrees have access only to the latter group of jobs. The contrast highlights a difficult employment search for recent college graduates and growing discouragement among people who did not attend college.

Macro & central banks Companies & industryUS employmentcollege graduatesunemployment

BBloomberg NewsOriginal★★★☆☆2026-08-12 20:03

College Graduates Struggle to Find Jobs. Non-Grads Are Giving Up

BofA to take 49.9% stake in Jio Credit for $1.9 billion in India push

Bank of America will acquire up to a 49.9% holding in Jio Credit, the non-bank lending arm of Jio Financial Services. The transaction is valued at 182.68 billion rupees, or about $1.92 billion. The deal marks an expansion by the U.S. lender into India’s rapidly growing financial sector. BofA is using the investment to strengthen its presence in the country’s financial market.

Banking & finance Companies & industryBank of AmericaJio CreditIndia finance

RReutersOriginal★★★☆☆2026-08-12 18:50

BofA to take 49.9% stake in Jio Credit for $1.9 billion in India push

Peltz-led group preparing bid to take Wendy’s private, source says

Nelson Peltz’s Trian Fund Management is putting together a consortium of investors, according to a source familiar with the matter. The group is preparing a bid to take fast-food chain Wendy’s private. The source spoke to Reuters on Wednesday. No further terms of the potential transaction were disclosed.

Companies & industryWendy'sNelson Peltzprivate takeoveracquisition

RReutersOriginal★★☆☆☆2026-08-12 18:40

Peltz-led group preparing bid to take Wendy’s private, source says

US July deficit tops $432 billion as spending rises and tariff receipts remain negative

The US federal budget deficit surged to $432 billion in July, setting a record for the month, according to the Treasury Department. Higher government outlays and increasingly negative tariff receipts contributed to the widening gap. The budget shortfall for the 2026 fiscal year has reached $1.799 trillion so far. With two months remaining in the fiscal year, it has already exceeded the entire deficit recorded in fiscal 2025.

Macro & central banks Trade & sanctions Companies & industryUS fiscal policybudget deficitgovernment spendingtariff revenue

RReutersOriginal★★★★☆2026-08-12 18:25

US July deficit tops $432 billion as spending rises and tariff receipts remain negative

AI Hangs Over Software Companies and the Investors Who Bet on Them

Buyout funds and lenders were attracted to software-as-a-service companies because they offered dependable revenue and low operating costs. Artificial intelligence now threatens that entire model. Investors who committed to these businesses face the possibility that the assumptions supporting their bets may no longer hold. The pressure reaches both the companies and the financial firms that backed them.

Markets Companies & industry Tech & AIartificial intelligencesoftware companiesbuyoutsinvestment

BBloomberg NewsOriginal★★☆☆☆2026-08-12 16:30

AI Hangs Over Software Companies and the Investors Who Bet on Them

Wall Street rises as AI earnings boost tech stocks and inflation data backs rate-hold bets

Wall Street’s main indexes advanced on Wednesday, with the Nasdaq leading the gains. Strong earnings from companies involved in artificial intelligence infrastructure lifted technology shares. Inflation figures that were broadly in line with expectations also strengthened market bets that the Federal Reserve will keep interest rates unchanged. The move combined enthusiasm over AI-related results with support from the latest price data.

Macro & central banks Markets Companies & industry Tech & AIWall StreetAI earningstechnology stocksFederal Reserve

RReutersOriginal★★★☆☆2026-08-12 16:10

Wall Street rises as AI earnings boost tech stocks and inflation data backs rate-hold bets

EXCLUSIVE: ECB leaning toward approving UniCredit’s Commerzbank bid, document shows

An internal document indicates that the European Central Bank is leaning toward approving UniCredit’s proposed takeover of Germany’s Commerzbank. The document lays out the ECB’s preliminary view of the Italian bank’s attempt. UniCredit’s plan would seek to create one of Europe’s largest lenders. The position described is preliminary rather than a final decision.

Macro & central banks Banking & finance Companies & industryUniCreditCommerzbankEuropean Central Bankbanking merger

RReutersOriginal★★★☆☆2026-08-12 16:02

EXCLUSIVE: ECB leaning toward approving UniCredit’s Commerzbank bid, document shows

OPEC+ states’ output rises by nearly 1.4 million barrels per day in July

Oil production by OPEC+ member states increased by almost 1.4 million barrels per day in July. The alliance’s total output reached 28.928 million barrels per day during the month.

Energy & commodities Companies & industryOPEC+oil productionenergy markets

TTASSOriginal★★☆☆☆2026-08-12 15:38

OPEC+ states’ output rises by nearly 1.4 million barrels per day in July

Seven OPEC+ nations raise July oil output by 1.424 million barrels per day
Seven OPEC+ countries increased their oil production in July by 1.424 million barrels per day. The group’s members had previously extended the deadline for making up past overproduction. That deadline now runs until the end of 2026. The development concerns the alliance’s output adjustment and compensation arrangements.
OPEC+oil productionenergy markets
TTASS★★★☆☆2026-08-12 13:17Original
OPEC+ raises June output by 1.15 mln bpd in July but misses target, IEA says
The International Energy Agency says OPEC+ increased its June oil output by 1.15 million barrels per day in July. Despite the rise, the group failed to meet its planned quota. IEA data put the production shortfall against that quota at approximately 6.02 million barrels per day. The figures highlight a substantial gap between the planned level and reported production.
OPEC+oil productionIEA
TTASS★★★☆☆2026-08-12 12:23Original

Is Russia’s economy cracking despite the Iran war windfall?

Russia’s economy is being tested by a widening deficit and strikes from Ukraine. At the same time, the war in the Middle East is increasing oil revenue and giving Moscow an unexpected financial gain. The contrasting pressures raise questions about how long that support can offset the damage caused by the deficit and Ukrainian attacks.

Macro & central banks Energy & commodities Companies & industryRussia economybudget deficitUkraine strikesoil revenue

AAl JazeeraOriginal★★★★☆2026-08-12 15:36

Is Russia’s economy cracking despite the Iran war windfall?

US consumer inflation slows in July as energy prices briefly retreat

US consumer inflation eased in July as energy prices recorded a temporary decline. Energy costs fell by 1.5 percent during the month. Despite that monthly drop, they remained 14.7 percent above their level a year earlier. The figures show that the short-term retreat did not erase the substantial annual increase in energy prices.

Macro & central banks Energy & commodities Companies & industryUS economyconsumer inflationenergy prices

AAl JazeeraOriginal★★★☆☆2026-08-12 15:08

US consumer inflation slows in July as energy prices briefly retreat

India’s retail inflation quickens but is unlikely to alter rate outlook

India’s annual retail inflation rose to 4.45% in July as food prices increased. The acceleration is not expected to prompt the central bank to change its outlook on raising interest rates. Although the data show faster price growth, the move is viewed as insufficient to shift the expected policy-rate direction.

Macro & central banks Energy & commodities Companies & industryIndiaretail inflationfood pricesinterest rates

RReutersOriginal★★★☆☆2026-08-12 14:45

India’s retail inflation quickens but is unlikely to alter rate outlook

Goldman seeks to expand active-ETF presence with $2.3 billion Neos deal

Goldman Sachs plans to acquire exchange-traded funds provider Neos Investments. The deal is valued at as much as $2.25 billion. The investment bank is pursuing the transaction to strengthen its position in active asset management and broaden its presence in active ETFs.

Markets Banking & finance Companies & industryGoldman SachsNeos Investmentsactive ETFsasset management

RReutersOriginal★★☆☆☆2026-08-12 14:40

Goldman seeks to expand active-ETF presence with $2.3 billion Neos deal

Goldman Sachs to Acquire ETF Provider Neos in $2.3 Billion Deal
Goldman Sachs Group Inc. plans to acquire Neos Investments for as much as $2.25 billion. The purchase will broaden the reach of Goldman’s asset-management business in the actively managed exchange-traded fund market.
Goldman SachsNeos InvestmentsETFsasset management
BBloomberg News★★☆☆☆2026-08-12 12:56Original

South Africa’s Shoprite expects annual earnings to rise up to 14.7%

South African retailer Shoprite Holdings expects its annual headline earnings to increase by as much as 14.7%. The company said steady sales growth is supporting the outlook. Expansion in its core grocery business is also contributing to the expected rise. Shoprite presented the forecast on Wednesday.

Companies & industryShopriteSouth Africaretailearnings

RReutersOriginal★★☆☆☆2026-08-12 14:10

South Africa’s Shoprite expects annual earnings to rise up to 14.7%

Key Takeaways From the US CPI Report for July

The US consumer price index report for July was released Wednesday. The report highlights the main takeaways from the latest data on consumer prices in the United States.

Macro & central banks Companies & industryUS economyconsumer price indexinflation

BBloomberg NewsOriginal★★★☆☆2026-08-12 14:10

Key Takeaways From the US CPI Report for July

From coffee to cars: Inside the Tata empire as its chairman steps down

N. Chandrasekaran said Wednesday that he has resigned as chairman of Tata Sons. His departure follows the board’s failure to approve his reappointment. The decision comes amid tensions with the charitable arm that controls the wider Tata Group. The group spans businesses ranging from salt to aviation in India.

Companies & industryTata Groupcorporate governanceIndia business

RReutersOriginal★★★☆☆2026-08-12 14:02

From coffee to cars: Inside the Tata empire as its chairman steps down

Tata Group chairman N Chandrasekaran to step down in February
Tata Group chairman N Chandrasekaran says he will not seek another term when his tenure ends in February. He attributes the decision to a lack of support from the Tata Sons board. His departure will bring his period as chairman to an end at the close of his current term.
Tata Groupcorporate governanceleadership change
BBBC News★★★☆☆2026-08-12 08:50Original
Tata Sons chairman Chandrasekaran resigns amid tensions with controlling charity arm
N. Chandrasekaran, chairman of India’s Tata Sons, said on Wednesday that he had resigned. He cited the board’s failure to approve his reappointment as the reason for his departure. The resignation comes amid tensions with the charity arm that controls the Tata Group, whose businesses range from salt to aviation.
Tata Groupchairman resignationcorporate governance
RReuters★★★☆☆2026-08-12 07:15Original
India’s Tata Group stocks extend slide after chairman Chandrasekaran quits
Shares of Tata Group companies extended their decline on Wednesday, falling as much as 4%. The selling followed the resignation of N. Chandrasekaran as chairman of Tata Sons. His departure sparked a selloff across the conglomerate’s listed companies, sending their stocks lower. The market reaction spread beyond the parent company to other publicly traded Tata businesses.
Tata Groupchairman resignationIndian stocks
RReuters★★★☆☆2026-08-12 06:15Original
Tata Sons chairman Chandrasekaran has resigned but will finish his term, source says
India’s Tata Sons Chairman N. Chandrasekaran has stepped down, according to a source directly familiar with the matter. The source said he will nevertheless remain in place until his current term ends. No reason for the resignation or details about a successor were provided.
Tata Sonscorporate governanceIndia
RReuters★★★☆☆2026-08-12 05:50Original

US Core Inflation Was Subdued in July, Easing Pressure on Fed

Underlying inflation in the United States remained subdued in July. The reading could reduce pressure on the Federal Reserve to raise interest rates. The data point to a softer inflation backdrop for the central bank. Its implications are framed as easing, rather than eliminating, the pressure to tighten policy.

Macro & central banksUS inflationcore CPIFederal Reserve

BBloomberg NewsOriginal★★★☆☆2026-08-12 13:55

US Core Inflation Was Subdued in July, Easing Pressure on Fed

US consumer prices increase as expected in July
US consumer prices rose as expected in July. The data could weaken the case for the Federal Reserve to raise interest rates next month.
US inflationFederal Reserveinterest rates
RReuters★★★☆☆2026-08-12 13:10Original
US consumer prices rise 3.4% as slower growth may ease early rate-hike expectations
The United States released its consumer price index on the 12th. Prices rose 3.4% last month from the same month a year earlier. Although the increase remains high, the rate of growth was 0.1 percentage point lower than in the previous month. The slowdown may reduce expectations of an early interest-rate hike and could affect exchange rates and stock prices.
United Statesconsumer pricesinflationinterest rates
NNHK News★★★☆☆2026-08-12 12:54Original
US inflation eases as food costs cool
Annual inflation in the United States fell to 3.4% in July. The slowdown in food costs helped pull overall price growth lower. Housing expenses continued to keep prices somewhat higher, however. Inflation therefore eased without fully losing the upward pressure from housing.
US inflationfood costshousing costs
BBBC News★★★☆☆2026-08-12 12:49Original

OPEC: Russia cut oil production by 6,000 bpd in July

Russia reduced its oil output by 6,000 barrels per day in July, according to OPEC. The organization said Russian production is currently constrained by the OPEC+ agreement.

Energy & commodities Companies & industryRussiaoil productionOPEC+

TTASSOriginal★★☆☆☆2026-08-12 13:37

OPEC: Russia cut oil production by 6,000 bpd in July

India’s small steelmakers could save money and cut emissions by switching to renewable power

India’s smaller steel companies may be able to lower their electricity expenses by moving to renewable energy. The switch could also reduce carbon emissions by millions of tons. Renewable power is therefore presented as a way to address both operating costs and emissions in the sector.

Energy & commodities Companies & industryIndiasteel industryrenewable energycarbon emissions

TThe Associated PressOriginal★★☆☆☆2026-08-12 13:00

India’s small steelmakers could save money and cut emissions by switching to renewable power

Russia’s July oil exports fall to 6.97 mln bpd as revenues drop to $13.76 bln, IEA says

The International Energy Agency says Russia’s oil exports fell to 6.97 million barrels per day in July. Oil export revenues for the month declined to $13.76 billion. Compared with July 2025, Russia earned $720 million less from oil exports in July 2026. The figures indicate a year-on-year drop in both export volume and revenue.

Energy & commodities Trade & sanctions Companies & industryRussiaoil exportsexport revenueInternational Energy Agency

TTASSOriginal★★★☆☆2026-08-12 11:31

Russia’s July oil exports fall to 6.97 mln bpd as revenues drop to $13.76 bln, IEA says

China’s car exports top 1 million again as NEVs drive boom

China exported 1.043 million vehicles in July, exceeding one million for a second straight month and rising 81.3% year on year. NEV shipments reached 553,000, up 145.5% and accounting for more than half of exports. The China Association of Automobile Manufacturers says China’s integrated supply chain, cost and capacity advantages, and smart features are helping attract overseas buyers.

Energy & commodities Trade & sanctions Companies & industryChina car exportsnew energy vehiclesauto industryoverseas markets

CCGTNOriginal★★★☆☆2026-08-12 10:59

China’s car exports top 1 million again as NEVs drive boom

Chinese automaker Chery buys Nissan plant in Africa as EV production shifts to new markets

Chinese automaker Chery has bought a Nissan plant in Africa. Chinese carmakers are increasingly moving beyond exporting vehicles to the continent and are beginning to assemble them locally. They are targeting Africa’s rapidly growing population, expanding middle class and rising demand for affordable electric vehicles. The shift points to EV production reaching new markets.

Companies & industryCheryNissanAfrican automotive industryelectric vehicles

TThe Associated PressOriginal★★☆☆☆2026-08-12 10:30

Chinese automaker Chery buys Nissan plant in Africa as EV production shifts to new markets

Air Canada Cuts Outlook as Jet Fuel Costs Soar Nearly 50%

Air Canada lowered its full-year earnings outlook on Tuesday. The airline is contending with a sharp increase in jet fuel prices. The surge followed the Iran war. Higher fuel expenses have made the company’s view of its annual earnings less optimistic.

Energy & commodities Companies & industryAir Canadajet fuelearnings outlook

BBloomberg NewsOriginal★★☆☆☆2026-08-12 10:00

Air Canada Cuts Outlook as Jet Fuel Costs Soar Nearly 50%

Iran war and high living costs drive last-minute holiday bookings, Tui says

Tui, Europe’s largest travel company, says holidaymakers are delaying bookings and arranging trips at the last minute amid uncertainty over the continuing Iran war and the cost of living crisis. The company estimates that the war has cost it €60m so far. In the weeks after the conflict began at the end of February, demand from customers seeking holidays in Cyprus or Turkey temporarily declined. Tui described the period as a “volatile market”.

Macro & central banks Companies & industryIran wartravel industrycost of livinglast-minute bookings

TThe GuardianOriginal★★★☆☆2026-08-12 09:54

Iran war and high living costs drive last-minute holiday bookings, Tui says

Bitwise cuts 14% of jobs as crypto industry remains under pressure

Crypto asset manager Bitwise Asset Management has dismissed about 14% of its workforce. The job cuts come as digital-asset prices remain in a prolonged slump, underscoring the pressure facing the cryptocurrency industry.

Markets Crypto Companies & industrycryptocurrencyjob cutsdigital assets

BBloomberg NewsOriginal★★☆☆☆2026-08-12 09:30

Bitwise cuts 14% of jobs as crypto industry remains under pressure

EU packaging rules: Why small firms are sounding the alarm

The European Union has introduced new measures aimed at cutting packaging waste and addressing “forever chemicals.” The rules will be phased in over several years rather than taking effect all at once. Even so, some small sellers have already stopped shipments because of the extra paperwork and procedures. The added red tape is prompting concern among smaller businesses.

Companies & industryEUpackaging wasteforever chemicalssmall businesses

DDWOriginal★★★☆☆2026-08-12 09:21

EU packaging rules: Why small firms are sounding the alarm

Thousands of London white-collar jobs to move elsewhere in UK over next five years, analysis suggests

New analysis suggests that thousands of white-collar jobs based in London will relocate to other parts of the UK over the next five years. The report focuses on which roles are expected to move and where those positions are headed. The shift would redistribute some professional employment away from the capital.

Macro & central banks Companies & industryLondonwhite-collar jobsUK regional economy

BBloomberg NewsOriginal★★☆☆☆2026-08-12 09:10

Thousands of London white-collar jobs to move elsewhere in UK over next five years, analysis suggests

Blackstone Leads $1.8 Billion Deal for Air Canada Loyalty Plan Stake

Blackstone Inc. and a group of Canadian pension funds are set to purchase a 25% interest in Air Canada’s Aeroplan loyalty program. The transaction is valued at C$2.5 billion, equivalent to about $1.8 billion. It gives the investors a substantial minority stake in the airline’s loyalty business.

Markets Companies & industryBlackstoneAir CanadaAeroplaninvestment deal

BBloomberg NewsOriginal★★☆☆☆2026-08-12 09:00

Blackstone Leads $1.8 Billion Deal for Air Canada Loyalty Plan Stake

CultureNearly 120 automobile brands to join Chengdu International Motor Show

The 29th Chengdu International Motor Show is scheduled to take place from Aug. 21 through Aug. 30. The event will be hosted at the Western China International Expo. Its organizing committee said on Wednesday that nearly 120 automobile brands will participate.

Chengdu International Motor Showautomobile brandsauto exhibition

CChina News ServiceOriginal★★☆☆☆2026-08-12 08:55

Nearly 120 automobile brands to join Chengdu International Motor Show

Nearly 120 auto brands to join 2026 Chengdu Motor Show
Organizers said the 29th Chengdu International Automobile Exhibition will take place from Aug. 21 to 30. Also known as the Chengdu Motor Show, the event will be held at Western China International Expo City in Sichuan Province. Nearly 120 automobile brands are expected to participate in the exhibition.
Chengdu Motor Showautomobile brandsauto exhibitions
CChina News Service★★☆☆☆2026-08-12 07:40Original

Nigeria’s EV ambitions run into weak electricity supply

Nigeria approved tax waivers for nearly 4,000 electric vehicles during the first half of this year, according to government data. Authorities are seeking to speed up adoption of the country’s nascent electric-vehicle market. Chronic shortages in electricity supply, however, pose a serious practical challenge to those ambitions.

Macro & central banks Energy & commodities Companies & industryNigeriaelectric vehiclestax waiverselectricity supply

RReutersOriginal★★★☆☆2026-08-12 08:45

Nigeria’s EV ambitions run into weak electricity supply

China’s auto exports top 1 million for second straight month

China exported 1.043 million vehicles in July, according to the China Association of Automobile Manufacturers. The figure was 81.3% higher than a year earlier. It marked the second consecutive month in which China’s vehicle exports surpassed one million units.

Trade & sanctions Companies & industryChina auto exportsautomotive industrytrade

CChina News ServiceOriginal★★★☆☆2026-08-12 08:34

China’s auto exports top 1 million for second straight month

Taiwan’s Foxconn reports 35% profit rise on AI demand

Foxconn, the world’s largest contract electronics maker, reports that its profit rose 35%. The company links the increase to demand for artificial intelligence. It forecasts strong growth in 2026 as the AI boom continues to drive its business.

Companies & industry Tech & AIFoxconnAI demandprofit growth

AAl JazeeraOriginal★★★☆☆2026-08-12 07:58

Taiwan’s Foxconn reports 35% profit rise on AI demand

From ‘world factory’ to ‘world market’: China’s imports jump 22% in first seven months

China’s imports grew 22% year on year during the first seven months of 2026, according to data from the General Administration of Customs. Import growth exceeded export growth by 8 percentage points over the same period. The figures point to a stronger expansion of inbound trade. They also frame China’s shift from a manufacturing-centered role toward a larger role as a market.

Trade & sanctions Companies & industryChina importsforeign tradecustoms data

CChina News ServiceOriginal★★★☆☆2026-08-12 07:36

From ‘world factory’ to ‘world market’: China’s imports jump 22% in first seven months

Oil Holds Gains as Pakistan Says US and Iran Near Hormuz Deal

Pakistan says the United States and Iran are close to reaching an agreement concerning the Strait of Hormuz. Oil prices nevertheless held their gains after rising for a sixth consecutive day. Investors remain skeptical that a deal would quickly restore energy flows through the strategic waterway. The uncertainty around the potential arrangement continues to shape energy-market expectations.

Energy & commodities Companies & industryoil pricesStrait of HormuzUS-Iran relations

BBloomberg NewsOriginal★★★★☆2026-08-12 07:30

Oil Holds Gains as Pakistan Says US and Iran Near Hormuz Deal

US consumer prices likely rose moderately in July as gasoline costs eased

U.S. consumer prices were likely to rise moderately in July as gasoline prices softened. The expected increase could further weaken financial-market expectations that the Federal Reserve will raise interest rates this year. The reading points to easing pressure from fuel costs, while markets continue to assess the outlook for monetary policy.

Macro & central banks Energy & commodities Companies & industryUS inflationconsumer pricesFederal Reserve

RReutersOriginal★★★☆☆2026-08-12 07:00

US consumer prices likely rose moderately in July as gasoline costs eased

China’s Pharma Rise: Why Global Drugmakers Are Buying In

China’s pharmaceutical sector is rising, drawing growing interest from drugmakers around the world. The report examines why global companies are moving into China’s pharma market. It focuses on the factors behind this international investment. No specific deal or company is identified in the headline.

Markets Companies & industryChina pharmaglobal drugmakerspharma investment

CCGTNOriginal★★☆☆☆2026-08-12 06:02

China’s Pharma Rise: Why Global Drugmakers Are Buying In

Rhine River at Record Low Levels Forces Industry to React

Water levels on the Rhine River are continuing to fall, with no relief currently in sight. Companies that depend on the waterway are being pushed to respond quickly. Their adjustments are aimed at keeping goods moving despite the worsening conditions. The situation is placing immediate operational pressure on industries tied to Rhine shipping.

Companies & industryRhine Riverlow water levelsindustrial transport

BBloomberg NewsOriginal★★☆☆☆2026-08-12 06:00

Rhine River at Record Low Levels Forces Industry to React

Morning Bid: Hot spots sizzle, CPI looms

European and global markets face a new trading day with attention fixed on several hot spots. Investors are also looking ahead to the release of consumer price data. The market outlook weighs geopolitical tensions alongside the approaching CPI report.

Macro & central banks Companies & industrymarketsEuropeinflation

RReutersOriginal★★☆☆☆2026-08-12 04:40

Morning Bid: Hot spots sizzle, CPI looms

Amazon seller conference unveils plan to expand local industrial belts overseas

The 2026 Amazon Global Selling North China Seller Conference was held Tuesday in Qingdao, Shandong Province. More than 1,000 cross-border sellers, service providers and corporate representatives from northern China attended the gathering. The conference presented a plan aimed at helping local industrial belts expand further into overseas markets.

Companies & industry Tech & AIAmazoncross-border e-commerceindustrial beltsoverseas expansion

CChina News ServiceOriginal★★☆☆☆2026-08-12 03:54

Amazon seller conference unveils plan to expand local industrial belts overseas

Norway wealth fund holds $1.2 billion stake in SpaceX

Norway’s $2.3 trillion wealth fund has disclosed for the first time that it held a 0.05% stake in SpaceX. The holding was valued at $1.22 billion as of June 30. The fund, the world’s largest, included the investment in an updated list of holdings released on Tuesday.

Markets Companies & industryNorway wealth fundSpaceXsovereign wealth funds

RReutersOriginal★★☆☆☆2026-08-11 21:10

Norway wealth fund holds $1.2 billion stake in SpaceX

Nvidia Credit Risk Eases After CEO Clarifies $500 Billion Plan

Bond traders reduced measures of credit risk tied to Nvidia after the company clarified its role in a $500 billion financing plan. Nvidia said it would cap its exposure to the arrangement. The plan is intended to fund artificial-intelligence investments that are boosting demand for the company’s computer chips.

Markets Companies & industry Tech & AINvidiacredit riskAI investment

BBloomberg NewsOriginal★★☆☆☆2026-08-11 21:00

Nvidia Credit Risk Eases After CEO Clarifies $500 Billion Plan

Healthcare and EV Startups Put Africa on Track for Record Funding Year

African-focused startups are on course for their strongest fundraising year on record. A new report says investment jumped sharply during the first six months of the year. Healthcare and electric-vehicle companies are helping drive the increase. The surge points to renewed investor appetite for technology businesses across the continent.

Companies & industry Tech & AIAfrican startupsfundinghealthcareelectric vehicles

BBloomberg NewsOriginal★★★☆☆2026-08-11 20:00

Healthcare and EV Startups Put Africa on Track for Record Funding Year

Paramount CEO warns company may leave California over stalled merger

Paramount CEO David Ellison has warned that the company could move its operations out of California, according to reports. The warning is conditional on the US state agreeing to talks. Ellison’s remarks come as a merger involving Paramount remains stalled. He is pressing for a dialogue with California as the deal faces continued delay.

Companies & industryParamountDavid EllisonCaliforniamerger

AAl JazeeraOriginal★★★☆☆2026-08-11 18:34

Paramount CEO warns company may leave California over stalled merger

Russia’s Central Bank approves Bitcoin, Ethereum, and USDT for exchange trading with retail limits

Russia’s central bank says it has added Bitcoin, Ethereum, and Tether’s USDT to the cryptocurrencies permitted for exchange trading. The regulator also indicated that retail investors will face limits under the arrangement. Its statement did not specify what form those restrictions will take.

Macro & central banks Markets Crypto Companies & industryRussia’s central bankcryptocurrencyexchange trading

MMeduzaOriginal★★★☆☆2026-08-11 18:04

Russia’s Central Bank approves Bitcoin, Ethereum, and USDT for exchange trading with retail limits

FACTBOX: Bank of Russia lists Bitcoin and other cryptocurrencies for public trading
The Bank of Russia has listed Bitcoin and other cryptocurrencies for public trading. Under the law, the selection process considers each cryptocurrency’s market capitalization, average daily trading volume and pricing history on foreign exchanges. These criteria define which digital assets can be made available to the public under the reported framework.
Bank of RussiaBitcoincryptocurrenciespublic trading
TTASS★★☆☆☆2026-08-11 13:25Original
Bank of Russia lists Bitcoin, Ethereum and Tether for public trading
The Bank of Russia has placed Bitcoin, Ethereum and Tether on a list of cryptocurrencies available for public trading. The regulator has also imposed an annual limit on cryptocurrency purchases by non-qualified investors. Their purchases will be capped at $3,632 per year. The measures were announced by the Russian central bank.
Bank of RussiacryptocurrencyBitcoininvestment regulation
TTASS★★★☆☆2026-08-11 10:59Original

More Americans are falling further behind on home and car loans than at any point in the past decade

New data from the Federal Reserve Bank of New York shows that an increasing number of Americans are falling further behind on their home and car loan payments. The level of delinquency is worse than at any point during the past decade. The figures point to mounting repayment difficulties among borrowers. Both housing and auto loans are affected by the worsening trend.

Macro & central banks Banking & finance Companies & industryUS economyhome loansauto loansloan delinquency

CCNNOriginal★★★☆☆2026-08-11 17:30

More Americans are falling further behind on home and car loans than at any point in the past decade

Middle East War Drives German Drivers to Switch to EVs

A record number of German drivers are moving to electric vehicles as fuel prices rise. The increase is attributed to the US-Israeli war on Iran, which has triggered a sharp jump in fuel costs. Higher prices are accelerating a shift away from conventional vehicles. The conflict is therefore influencing consumer choices in Germany’s car market.

Energy & commodities Companies & industryGermanyelectric vehiclesfuel pricesMiddle East war

BBloomberg NewsOriginal★★★☆☆2026-08-11 17:00

Middle East War Drives German Drivers to Switch to EVs

US auto loans hit record high in second quarter, New York Fed says

US consumers borrowed a record amount through auto loans in the second quarter, according to the New York Fed. Its latest household debt and credit report, released on Tuesday, also showed increases in credit card balances and home equity balances. The figures point to broader growth in household borrowing during the period.

Macro & central banks Banking & finance Companies & industryUS economyauto loanshousehold debtcredit cards

RReutersOriginal★★★☆☆2026-08-11 16:45

US auto loans hit record high in second quarter, New York Fed says

US existing-home sales fall 1.7% in July as prices and mortgage rates deter buyers

Sales of previously occupied homes in the United States slowed again in July, declining 1.7%. Record-high prices and mortgage rates at their highest level in more than a year have become an insurmountable obstacle for many prospective buyers. The figures point to continued pressure on demand in the housing market.

Macro & central banks Companies & industry Real EstateUS economyhousing markethome salesmortgage rates

TThe Associated PressOriginal★★★☆☆2026-08-11 15:45

US existing-home sales fall 1.7% in July as prices and mortgage rates deter buyers

US existing home sales decline for a second straight month in July
U.S. existing home sales dropped for the second consecutive month in July. A rebound is expected to remain limited as mortgage rates stay higher and available housing remains tight. Those conditions are likely to restrain any recovery in the market, even if sales begin to stabilize.
US economyhousing markethome sales
RReuters★★★☆☆2026-08-11 14:15Original

From BMW to Mercedes, Germany’s venerable auto brands are falling behind in China

Germany’s long-established car brands, including BMW and Mercedes, are losing ground in China. The shift is unfolding in the world’s largest car market, putting pressure on the brands’ competitive standing there.

Companies & industryGerman automakersChina auto marketBMWMercedes-Benz

BBloomberg NewsOriginal★★☆☆☆2026-08-11 14:56

From BMW to Mercedes, Germany’s venerable auto brands are falling behind in China

Russian airlines carried nearly 50 million passengers in H1 2026 — regulator

A regulator says Russian airlines transported nearly 50 million passengers during the first half of 2026. Domestic flights accounted for 36.34 million of those passengers.

Banking & finance Companies & industryRussian airlinesair passenger trafficdomestic flights

TTASSOriginal★★☆☆☆2026-08-11 14:48

Russian airlines carried nearly 50 million passengers in H1 2026 — regulator

Hims & Hers shares slide as costly weight-loss push squeezes margins

Hims & Hers Health shares dropped nearly 7% in premarket trading on Tuesday. Investor concerns about narrowing profit margins outweighed strong subscriber growth and the company’s higher annual revenue forecast. The reaction highlights pressure from the cost of expanding its weight-loss offering.

Markets Companies & industryHims & Hersweight lossprofit marginsshares

RReutersOriginal★★☆☆☆2026-08-11 14:35

Hims & Hers shares slide as costly weight-loss push squeezes margins

Trump Towers Plans Biggest India Project as Luxury Homes Boom

Donald Trump’s real estate business in India is using the country’s growing wealth to broaden its presence. The company plans to move into southern India with what it describes as its most ambitious project there so far. The expansion comes as demand and activity in the luxury-home market surge.

Companies & industry Real EstateTrump TowersIndia real estateluxury homes

BBloomberg NewsOriginal★★☆☆☆2026-08-11 14:30

Trump Towers Plans Biggest India Project as Luxury Homes Boom

Norway wealth fund CEO warns its entire value could be lost in the future

The chief executive of Norway’s sovereign wealth fund repeated a warning on Tuesday about the scale of potential losses. He said the fund, valued at around $2 trillion, could suffer an unexpected and severe hit. In an extreme future scenario, he added, its entire value could even disappear.

Markets Companies & industryNorwaysovereign wealth fundinvestment risk

RReutersOriginal★★★☆☆2026-08-11 13:45

Norway wealth fund CEO warns its entire value could be lost in the future

China’s car sales extend slide as automakers accelerate overseas expansion

China’s car sales declined for a tenth consecutive month in July, although the rate of contraction moderated. The downturn at home contrasts with robust export growth. Automakers are stepping up their overseas expansion as they seek to offset cut-throat competition in the world’s largest auto market.

Trade & sanctions Companies & industryChina auto marketcar salesauto exportsoverseas expansion

RReutersOriginal★★★☆☆2026-08-11 11:01

China’s car sales extend slide as automakers accelerate overseas expansion

US small-business sentiment reaches 11-month high in July, labor shortages worry owners

Sentiment among U.S. small-business owners climbed to its highest level in 11 months during July. A sharp increase in the share planning to hire suggests the previous month’s decline in nonfarm payrolls may have been temporary. At the same time, labor shortages remain a concern for business owners. The reading points to stronger hiring intentions despite ongoing staffing difficulties.

Macro & central banks Companies & industryUS economysmall businesshiringlabor shortages

RReutersOriginal★★★☆☆2026-08-11 10:45

US small-business sentiment reaches 11-month high in July, labor shortages worry owners

Sargeant Said to Exit Venezuela Oil Stake Amid Pressure Campaign

Florida energy tycoon Harry Sargeant III has agreed to sell his interests in Venezuela’s second-largest oil producer, according to the report. Sargeant had long acted as a back channel between Washington and Caracas. The sale followed a pressure campaign aimed at forcing him out of the investment.

Energy & commodities Companies & industryVenezuelaoilenergy deal

BBloomberg NewsOriginal★★★☆☆2026-08-11 10:30

Sargeant Said to Exit Venezuela Oil Stake Amid Pressure Campaign

UK stats office likely to switch to improved jobs survey in November 2027

Britain’s statistics office said Tuesday that November 2027 is the likeliest date for adopting a new labour-market survey. The survey would replace the office’s flagship measure of employment conditions. That existing dataset has been affected by persistent problems. The planned switch is intended to provide an improved gauge of the jobs market.

Companies & industryUnited Kingdomjobs marketofficial statistics

RReutersOriginal★★☆☆☆2026-08-11 10:05

UK stats office likely to switch to improved jobs survey in November 2027

Chinese auto parts deliveries to Russia rise 15% in seven months, Kommersant reports

Russia imported about 15 percent more automotive parts and components from China during the first seven months of the year, the business daily Kommersant reported. The January-to-July imports reached $1.3 billion. Kommersant attributed the figures to data from car dealer Rolf.

Trade & sanctions Companies & industryChina-Russia tradeauto partsimports

MMeduzaOriginal★★☆☆☆2026-08-11 09:10

Chinese auto parts deliveries to Russia rise 15% in seven months, Kommersant reports

Trump Media’s quarterly loss widens to $238 million

Trump Media & Technology Group reported a second-quarter loss of $238 million, substantially wider than its $20 million loss a year earlier. The company was founded by U.S. President Donald Trump and is known for its Truth Social platform. It attributed much of the deterioration to unrealized losses connected with its cryptocurrency assets. The report describes those asset-related losses as the main factor behind the broader quarterly deficit.

Markets Crypto Companies & industryTrump Mediaquarterly losscryptocurrency assets

RReutersOriginal★★☆☆☆2026-08-11 09:05

Trump Media’s quarterly loss widens to $238 million

Trump’s media company reports $238m loss
Trump Media & Technology Group reported a loss of $238m. The company earned less than $2m in the second quarter. Its results highlight a sharp gap between the reported loss and quarterly earnings.
Trump Mediaquarterly resultscompany loss
AAl Jazeera★★★☆☆2026-08-11 04:52Original
Trump media company announces massive loss and new turnaround effort
The president’s media company reported a massive loss in its latest quarter. It plans to abandon newly added business lines as part of a fresh turnaround effort. The company instead intends to refocus as a forum where users can post their views. The shift puts user expression back at the center of its business direction.
Trump Mediaquarterly lossbusiness restructuring
TThe Associated Press★★★☆☆2026-08-11 03:00Original

Northeast China jellyfish industry expands global reach

Yingkou, a coastal city in Liaoning Province in northeast China, has built an international jellyfish industry chain. Its jellyfish products are now exported to more than 30 countries and regions. The city’s industry has expanded beyond its local coastal base, connecting production with overseas markets. The development highlights the global reach of Yingkou’s jellyfish trade.

Trade & sanctions Companies & industryYingkouLiaoningjellyfish industryexports

CChina News ServiceOriginal★★☆☆☆2026-08-11 08:51

Northeast China jellyfish industry expands global reach

Chinese supermarket chain Pang Dong Lai to close flagship store over rental dispute

Regional supermarket chain Pang Dong Lai will shut its flagship branch in Xuchang, Henan Province, in December 2026. Founder Yu Donglai announced the decision on Sunday. The closure follows a dispute over the store’s rental arrangements. The affected outlet is the chain’s flagship location.

Companies & industryPang Dong LaiXuchangrental disputeretail

CChina News ServiceOriginal★★☆☆☆2026-08-11 08:36

Chinese supermarket chain Pang Dong Lai to close flagship store over rental dispute

NAB reshuffles senior leadership, appointing Pete Steel to head technology and AI

National Australia Bank said Pete Steel will take on the role of group executive overseeing technology and artificial intelligence. The appointment is part of Chief Executive Officer Andrew Irvine’s reshuffle of the bank’s senior leadership team. Steel will therefore lead NAB’s technology and AI functions under the revised structure.

Banking & finance Companies & industry Tech & AINational Australia Bankexecutive appointmentartificial intelligence

BBloomberg NewsOriginal★★☆☆☆2026-08-11 08:00

NAB reshuffles senior leadership, appointing Pete Steel to head technology and AI

777 Partners Files for Bankruptcy After Creditors Seek Liquidation

Alternative investment firm 777 Partners has entered bankruptcy proceedings. The filing came weeks after creditors moved to liquidate the company’s remaining assets. The firm had begun selling off its holdings more than a year earlier. The bankruptcy follows that extended asset-disposal process.

Markets Companies & industrybankruptcycreditorsalternative investment

BBloomberg NewsOriginal★★☆☆☆2026-08-11 07:00

777 Partners Files for Bankruptcy After Creditors Seek Liquidation

Indian farmers protest proposed US trade deal

Indian farmers have taken to the streets to oppose a proposed trade deal with the United States. The protest centers on concerns over the agreement’s possible effects on farming interests.

Trade & sanctions Companies & industryIndian farmersUS trade dealagriculture protest

CCGTNOriginal★★★☆☆2026-08-11 06:56

Indian farmers protest proposed US trade deal

WorldIranian bill on Hormuz makes no mention of specific countries, lawmaker says

Iranian lawmaker Abolfazl Zohrevand says the bill concerning the Strait of Hormuz does not name any specific countries. He describes the proposed legislation as comprehensive.

IranStrait of Hormuzlegislation

TTASSOriginal★★★☆☆2026-08-11 06:28

Iranian bill on Hormuz makes no mention of specific countries, lawmaker says

Iranian parliament to review new Strait of Hormuz law within two weeks
Iranian lawmaker Abolfazl Zohrevand says parliament will consider a new law concerning the Strait of Hormuz within two weeks. The bill is currently being drafted. He said it is designed with a long-term outlook to prevent aggression against Iran. The proposed legislation would also seek to consolidate Tehran’s position in the Persian Gulf region.
IranStrait of HormuzPersian Gulfparliament
TTASS★★★★☆2026-08-11 06:13Original
Middle East: Trump reportedly took secret flight out of Turkey over Iran threat
Donald Trump reportedly left the NATO summit in Turkey using an elaborate ruse. The reported departure came amid what was described as a credible assassination threat linked to Iran. At the same time, oil prices moved higher as expectations of a deal concerning the Strait of Hormuz weakened. DW reports on the security concerns and the fading hopes for an agreement.
Donald TrumpIran threatStrait of Hormuzoil prices
DDW★★★★☆2026-08-11 06:05Original
Oil steadies near one-week highs as hopes for US-Iran peace deal fade
Oil prices held near their highest level in more than a week on Tuesday. Hopes are fading for an agreement between the United States and Iran that would end their war and reopen the Strait of Hormuz. President Donald Trump has demanded compensation for damage incurred by the United States. His demand has added to doubts about whether a deal can be reached and the waterway reopened.
oil pricesUnited StatesIranStrait of Hormuz
RReuters★★★★☆2026-08-11 05:05Original
Gulf shipping through Strait of Hormuz falls to six vessels
Shipping traffic through the Strait of Hormuz dropped to six vessels on Monday. Shipping data put the figure below the roughly 11-vessel average recorded over the previous 10 days. The decline came as hopes for a peace agreement between the United States and Iran faded. The change highlights reduced movement through the strategic waterway amid weakening expectations of a diplomatic breakthrough.
Strait of HormuzshippingUS-Iran relations
RReuters★★★★☆2026-08-11 04:50Original
Trump demands compensation from Iran as Strait of Hormuz talks continue
The US president is seeking payment from Iran for what he describes as damages accumulated over “50 years”. Iran has tied any reopening of the Strait of Hormuz to the payment of war reparations. Talks over the strait’s future are continuing, with compensation now a central condition in the dispute. The negotiations remain unresolved as both sides press their demands.
Donald TrumpIranStrait of Hormuzwar reparations
AAl Jazeera★★★★☆2026-08-11 02:32Original
Oil rises and Asian stocks drift as US-Iran talks stall
Oil prices moved higher on Tuesday after negotiations between the United States and Iran reached an impasse. The discussions concern a peace agreement and reopening the Strait of Hormuz. Asian shares remained directionless as prolonged uncertainty over the outlook for global inflation weighed on markets. The stalemate has added to concerns surrounding energy and broader economic conditions.
oil pricesAsian stocksUS-Iran talksStrait of Hormuz
RReuters★★★★☆2026-08-11 01:50Original
Iran war live: Trump says Strait of Hormuz is open, seeks compensation
US President Donald Trump said the Strait of Hormuz remains open. He also said he would seek compensation from Iran for casualties caused by the war. His remarks address both the reported status of passage through the strait and a demand for payment from Tehran over wartime deaths and injuries.
Iran warDonald TrumpStrait of Hormuz
AAl Jazeera★★★★☆2026-08-11 00:00Original
Trump claims Strait of Hormuz completely cleared of mines
US President Donald Trump claims that the Strait of Hormuz has been completely cleared of mines. He says the waterway is open to all ships, with the exception of vessels heading to Iranian ports. The statement concerns access through the strategic strait. Ships bound for Iran remain excluded under his description.
Donald TrumpStrait of HormuzIranshipping
TTASS★★★★☆2026-08-10 20:41Original
Trump bets economic pressure can squeeze Iran as regime’s own failures deepen the pain
President Donald Trump says he is taking a “low-key” approach toward Iran. At the same time, sanctions and a naval blockade are intensifying Tehran’s financial crisis and inflation. The report portrays economic pressure as compounding difficulties created by the Iranian regime itself. Together, those forces are described as deepening the pain facing Iran.
Donald TrumpIransanctionsnaval blockade
FFox News★★★★☆2026-08-10 18:45Original
Trump Lashes Out at Iranian Demands as Deal Hopes Fade
US President Donald Trump lashed out Monday at Iran’s demand for compensation for war-related losses. The demand is part of talks intended to wind down the conflict. As expectations for a swift agreement weaken, prospects for reopening the vital Strait of Hormuz also recede. Oil prices rose amid the uncertainty surrounding the negotiations and the strategic waterway.
Donald TrumpIranwar compensationStrait of Hormuz
BBloomberg News★★★★☆2026-08-10 18:00Original

IHG quarterly room revenue rises on China and Americas demand

InterContinental Hotels Group said on Tuesday that revenue per available room increased in the second quarter from a year earlier. The hotel group attributed the improvement to solid demand from high-spending travellers and stronger business during the soccer World Cup. The figures cover the owner of the Holiday Inn brand.

Companies & industryIHGhotel industryChina demandAmericas demand

RReutersOriginal★★☆☆☆2026-08-11 06:15

IHG quarterly room revenue rises on China and Americas demand

Malaysia’s June industrial production rises 6.5%, below forecasts

Malaysia’s industrial production index increased 6.5% year on year in June, according to government data released on Tuesday. The result fell short of expectations. It indicates continued growth in industrial activity, although the expansion was weaker than forecast.

Macro & central banks Companies & industryMalaysiaindustrial productioneconomic data

RReutersOriginal★★★☆☆2026-08-11 05:15

Malaysia’s June industrial production rises 6.5%, below forecasts

Morning Bid: Middle East deadlock

Rae Wee previews the day ahead for European and global markets. The market outlook is framed around a deadlock in the Middle East.

Companies & industrymarketsMiddle EastEuropean markets

RReutersOriginal★★☆☆☆2026-08-11 04:40

Morning Bid: Middle East deadlock

Argentina's YPF reports $1.21 billion second-quarter net profit

Argentina’s state oil company YPF reported net profit of $1.21 billion for the second quarter of 2026. That compared with $58 million in the same period a year earlier. The company attributed the sharp increase to stronger shale production, record processing levels and higher international prices.

Energy & commodities Companies & industryArgentinaYPFoil industryquarterly profit

RReutersOriginal★★★☆☆2026-08-11 03:30

Argentina's YPF reports $1.21 billion second-quarter net profit

Intel to Sell $15 Billion in Stock as AI Demand Fuels Comeback

Intel plans to issue $15 billion worth of new stock. The offering could be the chipmaker’s first public share sale since it listed in 1971. The company is seeking to extend its comeback. It also aims to capitalize on demand created by the artificial-intelligence boom.

Markets Energy & commodities Companies & industry Tech & AIIntelshare saleartificial intelligencesemiconductors

BBloomberg NewsOriginal★★★☆☆2026-08-11 01:00

Intel to Sell $15 Billion in Stock as AI Demand Fuels Comeback

Intel Said to Near Upsized Share Sale Targeting $20 Billion
Intel is reportedly close to expanding the size of a planned share sale. People familiar with the matter say the company is aiming to raise about $20 billion. That would be roughly one-third more than the target announced when the transaction was disclosed Monday morning. The size of the offering has not been presented as final.
Intelshare salefundraisingcorporate finance
BBloomberg News★★★☆☆2026-08-10 23:39Original