Business — Page 11
Companies, markets, economy, finance, trade and commercial activity
Home Depot CEO Ted Decker on Temporary Medical Leave, Two Executives to Lead
Home Depot CEO Ted Decker is on a temporary medical leave of absence for several months. Ann-Marie Campbell and Richard McPhail will manage the company's operations and finances respectively during his absence.
Just Eat Takeaway to Cease Operations in Bulgaria on September 15
Just Eat Takeaway will discontinue its services in Bulgaria starting September 15. The company cited a strategic decision to focus investments on growth and profitable market positions in other regions.
Air Canada Sells Aeroplan Stake for $2.5 Billion Amid Quarterly Loss
Air Canada has sold a 25% stake in its Aeroplan loyalty program for $2.5 billion to Blackstone and La Caisse. The airline reported a net loss of $178 million for the second quarter, despite a revenue increase.
Chelsea Inquire About Arsenal's Myles Lewis-Skelly Amid Rival Interest
Chelsea has made a new inquiry regarding Arsenal's academy graduate Myles Lewis-Skelly. Manchester United also holds a long-term interest in the midfielder, while Arsenal is reluctant to sell to a rival.
Silver Price Fluctuates Ahead of Inflation Data
Silver prices saw a slight increase, trading around $65 per ounce, but retreated from recent highs as investors anticipated the release of US Consumer Price Index data. The metal's performance is influenced by industrial demand, geopolitical tensions, and monetary policy expectations.
Tech Elite Prepares for Apocalypse in Argentinian Ranch
Wealthy tech entrepreneurs are constructing fortified compounds in rural Argentina, anticipating global collapse and seeking self-sufficiency. These havens are designed to provide refuge from potential world wars and technological disruptions.
Bitcoin Stalls Below $65,000 Amid ETF Flows and CPI Report Anticipation
Bitcoin experienced significant ETF inflows but failed to sustain a price above $65,000, now trading below $64,000. Key upcoming events include the US CPI report and potential investor sales.
US Inflation Holds Steady in July; Markets React to Data and Global Tensions
US inflation remained elevated in July, with the consumer price index rising 3.4% annually and 0.1% monthly. Markets showed a muted reaction as the figures aligned with expectations, while global tensions and specific company earnings influenced trading.
BP Employee Fights "Non-Active" Status Amid Million-Euro Contract Dispute
A BP junior planner, placed on non-active status after an integrity investigation, has been denied a return to work by a court. The case involves his personal company securing over a million euros in contracts with BP, raising concerns of conflict of interest.
Spurs eye Folarin Balogun as transfer talks with Monaco begin
Tottenham Hotspur has initiated discussions with Monaco regarding a potential transfer for American striker Folarin Balogun. The move could see Arsenal receive millions due to a sell-on clause from his previous transfer.
US Inflation Data Released, Markets Await Fed Decisions
US consumer prices rose 3.4% in July, slightly down from the previous month but still well above the Federal Reserve's target. Markets are closely watching these figures for clues on future interest rate hikes.
Japan Halts Indian Mango Imports Over Sterilization Concerns
Japan has suspended imports of Indian mangoes after inspectors raised concerns about sterilization and certification procedures. The halt impacts six varieties and comes as Indian farmers face heatwave damage and rising freight costs.
Expired Food, Violations Found at Karnataka Health Dept Canteen and Zomato Warehouse
Officials discovered expired ingredients and unhygienic conditions at the Karnataka health department headquarters canteen. Inspections at a Zomato Hyperpure warehouse in Bengaluru revealed licensing, labeling, and storage violations.
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Terem Moffi Transfer Saga: Hull City Interest Fades, Hamburg and Besiktas Emerge as Options
Nigerian forward Terem Moffi's potential transfer to Hull City appears unlikely as the English club shows minimal pursuit. Bundesliga side Hamburg and Turkish club Besiktas are now considered the most realistic destinations.
OpenAI Executive Brad Lightcap Departs Amid Company Shake-Up
Longtime OpenAI executive Brad Lightcap announced his departure, marking another significant leadership change at the AI company. Sam Altman, OpenAI's CEO, expressed gratitude for Lightcap's contributions since the company's early days.
US Inflation Cools in July, Easing Pressure for Federal Reserve Rate Hike
Consumer prices in the U.S. rose by 3.4% in July compared to the previous year, a slight decrease from June's 3.5%. Core inflation also moderated, suggesting that increased energy costs from recent geopolitical events may have a limited impact on the broader economy.
Burger King Reclaims Second Place from Wendy's in US Burger Chain Rankings
Burger King has overtaken Wendy's to become the second-largest burger chain in the U.S., ending Wendy's six-year reign. The shift comes as Burger King reports strong domestic sales growth and Wendy's experiences a continued decline.
US CPI Data Could Influence EUR/USD Movement, Analysts Say
Analysts suggest that upcoming US Consumer Price Index (CPI) data could impact the EUR/USD currency pair's movement. A softer CPI report might support gains for EUR/USD, potentially challenging recent highs.
Autoroute 55 Closed for Nightly Work: Detours in Place
Autoroute 55 in Quebec will experience full nightly closures in both directions between Saint-Wenceslas and Sainte-Eulalie from August 16 to August 21. Detours will be in effect via the 9th Rang and Route 161.
Dublin Bus Fire: Passengers Evacuated Safely in Donnybrook Incident
A Dublin Bus caught fire on Morehampton Road in Donnybrook on August 11, 2026, prompting the evacuation of all passengers. Emergency services responded quickly, and the blaze was extinguished with no injuries reported.
SpiceJet Passengers Endure Hours of Heat Due to AC Failure on Delhi-Pune Flight
Over 100 SpiceJet passengers experienced unbearable heat and humidity for hours on a Delhi-Pune flight due to an air-conditioning system failure. The incident led to passenger protests and a significant delay.
Clothing Brands Offer Repair Workshops to Attract Gen Z Consumers
Apparel companies like Levi's and Uniqlo are introducing in-store mending services and workshops to appeal to Generation Z. These initiatives aim to align with young consumers' interest in sustainability and cost-saving, while brands seek to foster customer loyalty.
Fitness Franchise Mad Fitness Group Files Chapter 11 Bankruptcy
Mad Fitness Group, an F45 Training franchisee, has filed for Chapter 11 bankruptcy protection across 31 locations in six states. The filing highlights the financial pressures faced by multi-unit boutique fitness operators.
Viral 1991 Mars Bar Sparks Debate on Shrinkflation and Brand Identity
A 1991 Mars Bar, weighing 62.5g, has gone viral compared to today's 40g version, igniting discussions about shrinkflation. The debate centers on how brands can alter product size while maintaining consumer recognition and loyalty.