Business — Page 13
Companies, markets, economy, finance, trade and commercial activity
MrBeast's Feastables Partners with Liquid Death for Peanut Butter Cup Water
YouTube personality MrBeast's snack brand, Feastables, has collaborated with Liquid Death for a limited-edition Peanut Butter Cup flavored sparkling water. The beverage aims to capture the taste of the classic candy.
Australia Poised for Record $10 Billion Defence Export Deal with UK
Australia is on the verge of its largest defense export contract, potentially worth over $10 billion, to supply advanced radar technology to the United Kingdom. The deal involves CEA Technologies' sophisticated phased-array radar systems, noted for their superior detection capabilities.
Tesla Recalls Over 20,000 Model 3 and Y Vehicles in US for Bright Headlights
Tesla is recalling 20,349 Model 3 and Model Y vehicles in the United States due to overly bright low beam headlights. The issue, which can impair the vision of oncoming drivers, prompted the NHTSA to reject Tesla's request to avoid a full recall.
Refitted Beneteau Sense 55 Yacht Listed for Sale by McD Yachts in New Zealand
A 2012 Beneteau Sense 55 yacht, named Imperia, has been listed for sale in New Zealand by McD Yachts for US$399,000. The vessel recently underwent a substantial refit in 2024, including new rigging, teak decking, and upgraded electronics.
Germany's Energy Chief Warns of Low Gas Storage Amid Hormuz Strait Dispute
Germany's largest gas company, Uniper, has issued a stark warning regarding critically low gas storage levels ahead of winter. Disruption to the Hormuz Strait is cited as a major factor contributing to high gas prices, hindering efforts to meet storage targets.
Hindustan Aeronautics Shares Rise on Strong Q1 Earnings and Positive Outlook
Hindustan Aeronautics reported a 15% year-on-year increase in net profit for the April-June quarter, exceeding analyst expectations and driving a 3% rise in its share price. The defense major's strong order book provides significant revenue visibility for the coming years.
Financial Planning for Seniors: Navigating Investments at Age 70
Seniors nearing or in retirement face unique investment challenges as income streams cease and investment horizons shorten. Experts advise a risk-reduced approach, diversifying assets across safety-oriented, equity-linked, real estate, and commodity categories.
New York Yankees Secure $2.6 Billion Financing Deal with Apollo Sports Capital
The New York Yankees announced a $2.6 billion financing agreement with Apollo Sports Capital. The deal, a mix of debt and equity, will allow the team to refinance existing debt and pursue growth opportunities while the Steinbrenner family retains control.
Joe Hodge Joins Motherwell FC
Republic of Ireland midfielder Joe Hodge has signed a two-year deal with Motherwell FC. The 23-year-old joins from Portuguese side FC Tondela for an undisclosed fee.
Peter Alexander Departs NBC for New Role, Prioritizing Family Time
After 22 years with NBC, Peter Alexander is moving to MS NOW for his first solo broadcast, 'State of Play,' premiering August 10. The anchor, 50, aims to balance chasing major stories with being more present for his two daughters.
Serhou Guirassy to Remain at Borussia Dortmund as Fenerbahce Nears Lukaku Deal
Serhou Guirassy is set to stay with Borussia Dortmund after his release clause expired without bids from interested clubs. Fenerbahce, a key suitor for Guirassy, is reportedly finalizing a deal to sign Romelu Lukaku instead.
TikTok Rental Scams Prompt Legal Action and Expert Warnings
Housing platform Pararius is suing TikTok over fraudulent rental listings that trick people into sending money to scammers. Experts warn international students are particularly vulnerable to these sophisticated scams.
Commonwealth Bank CEO's Pay Exceeds $9 Million Amid Staff Wage Negotiations
Commonwealth Bank CEO Matt Comyn's annual compensation increased to over $9 million in 2026, driven by previously earned rewards vesting. This rise occurs while the bank negotiates staff wage increases.
Guy Sebastian's Ex-Agent Admits Withholding Funds, Ending Decade-Long Feud
Titus Day, Guy Sebastian's former manager, has admitted to withholding funds from the singer, resolving a nine-year legal dispute. Day, previously jailed for embezzlement, issued a statement acknowledging "regrettable decisions" during his management of the "Australian Idol" winner.
Kiwi Crunch Empire Collapses, Leaving Over $53 Million in Debt
Several companies within the Kiwi Crunch apple-growing empire, owned by Wade Glass, have been placed into liquidation and receivership. The collapse has left creditors owed more than $53 million, with the IRD alone accounting for over $19 million in debt.
EPFO Issues Over 1.49 Lakh Higher Pension Orders Post Supreme Court Ruling
The Employees' Provident Fund Organisation has issued 149,806 pension payment orders for retired applicants opting for higher contributions. This action follows a November 2022 Supreme Court directive that allowed members to contribute based on actual wages for increased pension benefits.
UK Bookmakers Suffer Six-Figure Losses from 'Fair Hill Five' US Horse Racing Coup
British bookmakers experienced substantial financial losses following a coordinated betting coup involving five US-based horses. Four of the five horses, all originating from the Fair Hill training center in Maryland, secured victories in races across American tracks on Sunday.
Singapore Airlines Faces Steep Costs in Air India Investment
Singapore Airlines' 25.1% stake in Air India has led to substantial equity accounting losses, impacting net profits. The investment faces challenges from restructuring complexities, high operational costs, and a competitive Indian aviation market.
Steel Beam Falls on A81 Autobahn in Baden-Württemberg, Causing Closure and Injury
A steel beam fell onto the A81 autobahn near Bad Dürrheim, Germany, during construction work, leading to a full closure of the highway. One worker sustained a broken foot in the incident.
Adyen Faces Investor Scrutiny Amid Growth Concerns and Executive Departures
Adyen is set to release its interim report, with investors closely watching its ability to maintain over 20% revenue growth. The payment processor faces challenges including integrating acquisitions and a departing CFO, while competitors show faster expansion.
Oversized Truck Blocks A7 for Hours After Technical Failure
A 148-ton transport carrying a wind turbine component broke down on the A7 near Hildesheim, causing a multi-hour full closure. Specialized towing was required to remove the oversized vehicle.
Coimbatore Metro Rail Project Faces Continued Delays After Project Reports Rejected
Coimbatore's long-standing metro rail aspirations face uncertainty as the Union government has rejected detailed project reports submitted by the Chennai Metro Rail Limited twice in the last two years. The project, first proposed 16 years ago, has seen multiple revisions and government announcements
Tata Chairman to Co-Chair Andhra Pradesh Economic Development Task Force
Tata Sons chairman N. Chandrasekaran will co-chair Andhra Pradesh's 'Task Force for Economic Development of Swarna Andhra Pradesh @ 2047'. The announcement followed a meeting with Chief Minister N. Chandrababu Naidu on August 16.
Volksbank Kleverland Seeks Sector Support Amid Credit Valuation Needs
Volksbank Kleverland has requested financial assistance from the German cooperative banking sector's guarantee fund. The bank identified significant valuation adjustments needed for certain loans, which it cannot manage independently.