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Cred’s leadership shift and Meta’s $900 million investment strengthen WhatsApp’s push into payments and business services. Kunal Shah departs Cred to lead WhatsApp; Miten Sampat becomes interim WhatsApp chief strategy officer as Cred scales toward an IPO.
Foreign governments, banks and multinationals are flocking to China's yuan-denominated panda bonds as the currency's funding costs stay near historic lows. Issuance accelerates amid an interest-rate gap with the dollar, with sovereigns, institutions and corporates tapping the market.
Fans across the US report cancelled or nonexistent World Cup tickets bought on StubHub. Lawsuits have been filed alleging false sales practices; authorities are probing ticket deliveries, while FIFA and StubHub point to the event organizer’s infrastructure.
Volkswagen has presented a restructuring plan that will cut model lines by up to half and reduce production capacity to about 9 million vehicles a year. Chief executive Oliver Blume has said the group faces a 20% cost disadvantage to rivals and has proposed a "theoretical" further 50,000 job reductions on top of earlier cuts, prompting union protests and board resistance.
SBI Funds Management has drawn bid interest worth 2.97 trillion rupees for its IPO, oversubscribing by 41.6 times. The firm, a SBI-Amundi joint venture, has raised up to 116.9 billion rupees and aims to be India’s leading fund manager. The market response underscores continued liquidity for large public offerings despite a softer year for listings.
The United States has carried out another round of missile strikes targeting Iran’s military capabilities around the Persian Gulf, including missile storage, air-defense systems, radar sites, and drone platforms. The actions come amid ongoing tensions following attacks on shipping in the region.
Ofgem has proposed refundable upfront deposits between £237,500 and £712,500 per megawatt for projects seeking grid connections, to stop speculative data‑centre schemes clogging the queue. The regulator has opened a consultation to force applicants to hit hard milestones or lose their place as Britain faces connection requests vastly above peak demand.
Trump Media & Technology has unveiled Truth API, a paid low‑latency feed that will deliver real‑time posts from the platform’s top 10 accounts from Aug. 1. Executives discussed charging institutional customers up to $100,000 a month (or $60,000 on three‑year deals). Lawmakers, regulators and market participants have warned it will let traders profit from presidential posts and raise conflict‑of‑interest and market‑manipulation concerns.
A set of IPO filings shows a Toronto-based mineral explorer and a New Jersey sub shop chain planning public offerings. The miner aims for about C$190 million in gross proceeds with selling shareholders targeting roughly C$173 million; Jersey Mike’s plans to list on the NYSE with a potential market value near $8 billion. Reformation is also filing for an IPO, targeting roughly $1 billion.
Meteorological agencies and the UN have reported a very strong El Niño that has continued to intensify in August 2026. Forecasts show record-warm Pacific sea-surface temperatures, rising global heat and an elevated risk of droughts, floods and food insecurity that will push tens of millions more people into acute hunger this year and next.
Ousted Bangladeshi premier Sheikh Hasina has said she will return to Bangladesh, insisting she must answer to her people. Speaking via videolink from New Delhi on the second anniversary of the 2024 uprising, she has pledged to confront the charges against her while Bangladesh seeks extradition and India says the request is under review. A memorial museum marks the uprising as Dhaka and New Delhi navigate a fragile reengagement.
A federal judge has paused an order that would have forced the Donald J. Trump Revocable Trust to hand over detailed financial records to the BBC in a $10bn defamation suit. The stay will last while the court considers Trump’s request to amend his complaint to focus on personal reputational harm rather than business damages.
The Federal Reserve has kept the benchmark rate steady in a nine-to-three vote, amid persistent inflation above the 2% goal. Dissenters argue for earlier tightening, while others urge patience; investors await July inflation data to gauge the path for policy.
Rheinmetall has revised its revenue guidance for 2026 to as low as €13.7 billion, down from €14.0 billion, while maintaining its operating margin. The company reports a 39% rise in first-half sales and a 74% jump in profits, with new naval division contributing to growth; investors weigh valuations amid strong orders and potential shifts in government spending.
The Times of Israel reports that Ben Gurion Airport has faced ongoing disruption amid staffing shortages and a wildcat strike that halted check‑in and baggage handling. Management and unions are negotiating to ramp up staffing ahead of the Jewish holidays as operations try to return to normal.
Syria has signed a memorandum with Russia that will hand civilian control of Hmeimim airport and Tartus’ commercial berth to Damascus and convert military areas at both sites into joint Russian–Syrian training centres. The agreement follows 18 months of talks, sets a three‑month transition and preserves Russian access for naval and air transit duties.
A powerful earthquake has struck western Colombia near San José del Palmar, Chocó. The USGS has measured magnitude 7.4 while Colombia's geological service initially reported 6.6. The quake has caused building collapses across Pereira, Cali, Quibdó and Manizales, killed dozens, injured many and forced large-scale evacuations and search operations.
Mark Zuckerberg has published a manifesto arguing AI should be widely accessible and accompanied by personal AI agents. Meta launches Muse Glimmer, a downloadable AI model, and outlines safeguards and privacy protections while signaling a shift toward distributed power and entrepreneurial opportunity. The piece synthesizes perspectives from other tech leaders and frames the debate around control, jobs, and governance.
Bloomberg reports Warner Bros. shares have risen in recent sessions, narrowing the gap to Paramount’s $31 offer to about $3 after a rebound from a July spread that peaked above $5 amid state antitrust actions.
The Times of Israel reports Team8 has secured a fresh funding round led by global investors, expanding its assets to nearly $2 billion. The third venture fund will invest in Israeli-founded AI startups across cybersecurity, software infrastructure, fintech and digital health, with additional dollars allocated to follow-on investments.
Bloomberg reports that Cooper, host of Call Her Daddy, is navigating employee turnover, a slipping slate of shows and internal discord with husband and co-CEO Matt Kaplan, as the company restructures to stabilize operations.
Moderna has reported that its mRNA-based cancer vaccine, tested with Merck’s Keytruda, has prevented recurrence in a melanoma trial and shown a clinically meaningful improvement over immunotherapy alone. The findings could signal a shift toward personalized cancer vaccines, with a potential launch next year amid investor optimism.