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QVC Exits Bankruptcy With $5B Debt Cut, Mike George Returns as CEO on August 7
QVC exits bankruptcy with $5 billion debt reduction and $600 million new credit facility. Former CEO Mike George returns to lead turnaround as company relists on Nasdaq under symbol QVCG.
First Phosphate Uplists ADRs to Nasdaq on August 10, 2026
First Phosphate uplists Level 2 ADRs to Nasdaq Global Market under ticker PHOS on August 10, 2026. The move converts OTCQX holdings automatically and maintains a 10-to-1 ADR ratio.
U.S. Lost 23,000 Jobs in July as Labor Market Weakens
U.S. employers cut 23,000 jobs in July. Unemployment fell to 4.1% but only because workers left the labor force. Wage growth slowed to 3.2% annually, below inflation.
Brooklyn Ross Joins Kyle Sandilands Live After Reversing KIIS FM Pledge
Brooklyn Ross, 38-year veteran KIIS FM newsreader, leaves ARN to join Kyle Sandilands Live after reversing his June pledge to stay. Show launches August 10.
Finance Ministry Ace Jun Hitotsumatsu Sidelined to Tokyo Customs Post on August 7
Finance Ministry deputy director Jun Hitotsumatsu transferred to Tokyo Customs head post on August 7 after clashing with PM Takaichi’s administration over fiscal policy and tax exemption programs.
Trump-Backed Rep. Andy Ogles Loses Tennessee Primary to Charlie Hatcher
Rep. Andy Ogles loses his Tennessee House primary to Charlie Hatcher despite Trump’s endorsement. The incumbent faced controversies over anti-Muslim comments and campaign finance violations.
Goodwin Mulls Sale of Defence Engineering Division Supplying Submarine and Warship Components
On August 7, 2026, British engineering company Goodwin confirmed it is reviewing options for its defence engineering division, including the possible sale of a substantial part of the business. The division supplies critical components for UK and U.S. submarines and warships, making the announcement one of the most closely watched developments in the defence sector….
Lok Sabha Passes UPI Charges Bill on August 6, 2026
Lok Sabha passes bill authorizing merchant discount rates on UPI transactions. Finance Minister Sitharaman clarifies charges apply to merchants, not customers. July 2026 saw 23.6 billion UPI transactions worth Rs 29.9 trillion.
Indonesia Takes Over Whoosh High-Speed Rail as Losses Mount to ¥45 Billion
Indonesia’s government takes control of the Whoosh high-speed railway from state firms after losses ballooned to ¥45 billion in the first half of 2026. The transfer aims to restructure debt without burdening the state budget.