Business — Page 12
Companies, markets, economy, finance, trade and commercial activity
Nebius Faces Scrutiny Over Vineland Data Center Delays Ahead of Earnings
Nebius, a company specializing in AI infrastructure, is set to report its second-quarter earnings amid investor concerns about data center construction delays in Vineland. Analysts anticipate a loss per share despite projected revenue growth, with revised estimates reflecting diminishing confidence
Nearly 30,000 Pounds of Raw Beef Recalled in Florida and Texas
The U.S. Department of Agriculture announced a recall of nearly 30,000 pounds of raw beef distributed in Florida and Texas. The meat was imported from Argentina without proper reinspection.
CUSMA Report Warns of Job Losses Amid Tariff Escalation
A new economic report from the Canadian American Business Council analyzes the potential impacts of USMCA negotiation outcomes on bilateral trade. The report suggests Canada could face hundreds of thousands of job losses if the agreement falters.
Toyota Launches Hyryder Aero Black Edition Limited Run Styling Package
Toyota has introduced a limited-run Aero Black Edition styling package for its Hyryder SUV. The package, priced at Rs 31,999, adds cosmetic black accents to specific exterior parts and is available on select trims.
Andhra Pradesh Approves 25 Projects Worth ₹2.08 Lakh Crore, Expects 21,627 Jobs
Andhra Pradesh's State Investment Promotion Board (SIPB) greenlit 25 projects totaling ₹2.08 lakh crore, projected to create over 21,000 jobs. The approvals, chaired by Chief Minister N. Chandrababu Naidu, aim to boost various sectors and foster balanced regional development.
Tesla Launches New 3-Phase Powerwall 3P Battery System in Netherlands
Tesla has introduced its new 3-phase Powerwall 3P home battery system in the Netherlands. The integrated energy management system aims to make renewable energy more accessible and provides backup power during outages.
Nebius Group's Q2 Earnings Boosted by AI Cloud Demand
Nebius Group reported strong second-quarter financial results, exceeding analyst expectations and fueling investor optimism. The AI cloud infrastructure provider's performance was supported by significant demand for its services and strategic investments.
Felipe Chávez to Leave Bayern Munich on Loan Amid European Interest
Peruvian midfielder Felipe Chávez is set to be loaned out by Bayern Munich for the 2026/2027 season. Several European clubs are reportedly interested in acquiring his services.
Amazon Offers Significant Discounts on Apple MacBook Pro Models This Weekend
Amazon is providing substantial price reductions on several Apple MacBook Pro configurations, including high-end M5 Max models with 2TB SSDs. The discounts reach up to $500 on select devices, making premium laptops more accessible.
Solar Power Cushions Swiss Energy Supply Amid Low River Levels
Switzerland avoided a power shortage despite reduced hydropower generation due to low river levels. Significant solar energy production has compensated for the deficit, with substantial growth in solar capacity since the Ukraine conflict.
Indian Stock Market Sees Mixed Performance Amid Oil Price Concerns
Indian equities experienced a downturn on August 11, with the Sensex falling 388 points. Persistent uncertainty over oil prices and geopolitical factors contributed to the decline.
Tasmania Devils Secure Cadbury as Major Partner Ahead of AFL Debut
The Tasmania Devils AFL club has announced Cadbury as a foundation major partner in a multi-year deal. This partnership signals strong commercial interest as the club prepares for its 2028 national league debut.
India's Pharma Exports Rise 6.8% in Q1 FY27 Despite Tariff Concerns
India's pharmaceutical exports reached USD 8.10 billion in Q1 FY27, a 6.8% increase from the previous year. Vaccines and bulk drugs drove this growth, indicating continued global demand and manufacturing strength.
July CPI Report Anticipated to Show Modest Inflation Increase
The upcoming Consumer Price Index report for July is expected to indicate a slight rise in inflation, potentially influencing the Federal Reserve's interest rate decisions. Analysts are closely watching the core reading, which excludes food and energy prices, for signs of persistent price pressures.
Rhine Water Levels Hit Record Lows, Disrupting Shipping and Revealing History
Record low water levels on the Rhine River are severely impacting European shipping and threatening supply chains, particularly for Switzerland. The drought has also led to the discovery of historical artifacts along the riverbanks.
Canada Warns US Tariffs Could Derail Trade Talks
Canada's chief trade negotiator cautioned U.S. officials that imposing new tariffs on August 19 would create a "cliff" jeopardizing ongoing negotiations. The warning highlights potential public backlash in Canada and the risk of retaliatory measures.
Crystal Palace Reportedly Pursuing Jordan James Amidst Transfer Interest
Crystal Palace has initiated preliminary discussions to sign midfielder Jordan James from Rennes. The 22-year-old Welsh international is also attracting significant interest from West Ham, Wolves, Middlesbrough, and Burnley.
Pune-Mumbai Expressway Lanes Closed for Maintenance and Mock Drill
Sections of the Pune-Mumbai Expressway were temporarily closed for maintenance, repair work, and a mock drill on Wednesday. Traffic heading towards Mumbai was diverted via the old ghat section.
Ramesh Rangarajan Appointed Chairman of Kasturi and Sons Ltd.
Ramesh Rangarajan has been elected Chairman of Kasturi and Sons Ltd., the holding company for The Hindu Group. He brings extensive experience from various roles within the organization.
NLC India Renewables Secures 200-MW Wind Project in Karnataka
NLC India Renewables Limited has been awarded a contract to establish a 200-megawatt wind power project in Koppal, Karnataka. The electricity generated will be supplied to the Solar Energy Corporation of India Limited.
IIT Graduate Secures 13 Government Posts, Joins ESIC as Branch Manager
An IIT Kharagpur graduate from Kadapa secured selection for 13 central government positions, ultimately choosing to serve as a branch manager for the Employees' State Insurance Corporation (ESIC) in Telangana. The graduate's journey involved overcoming initial setbacks and a preference for societal
Zuckerberg's Yacht Did Not Respond to Distress Call in Alaska, Passengers Report
Mark Zuckerberg's mega-yacht, Launchpad, was reportedly closer to a disabled skiff in Alaska but did not respond to a Coast Guard request for assistance. A tour boat eventually towed the skiff to safety.
Delhi High Court Seeks Meta's Access Policy for Copyright Tool
The Delhi High Court has ordered Meta to clarify the criteria for accessing its copyright management tool. A content creator's petition highlighted issues with unauthorized copyright claims and account takedowns.
Luka Vuskovic's Brighton Transfer: Record Fee and Premier League Ambitions
Croatian international Luka Vuskovic has joined Brighton & Hove Albion for a club-record £46 million fee. The 19-year-old defender expressed his eagerness to play in the Premier League, though he admitted it was not his ultimate dream.