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Kafka Apparel Maker Files for Bankruptcy With ¥3 Billion in Debt
Kafka, a women’s and children’s clothing OEM manufacturer in Aichi, Japan, filed for bankruptcy on July 17 with approximately ¥3 billion in liabilities. The company struggled with inventory costs despite strong revenue.
Showa Holdings Faces Restructuring as Tokyo Court Approves Receivership on July 17
Showa Holdings (5103.T) enters restructuring after losing control of six subsidiaries and key corporate assets. Stock down 66% in one year. Tokyo court approves receivership petition July 17.
Apple Raises iPhone Prices in Japan by Up to 11% on July 18
Apple raised iPhone prices in Japan by up to 11.3% on July 18 due to yen depreciation. iPhone 17 Pro Max jumped ¥20,000 to ¥214,800. The move comes as memory costs squeeze margins globally.
Swatch Moonswatch Gold Edition Launches July 16: CHF 500 for 1,969 Pieces
Swatch launches Mission to the Moon 1969 MoonSwatch with 11 grams of 18K gold from Apollo era parts. Limited to 1,969 pieces at CHF 500. Requires application approval.
Trump Claims China Stole 220M Voter Files in Primetime Election Security Speech
Trump claims China acquired 220 million U.S. voter files in primetime speech. Declassified documents released, but fact-checkers say most information was previously public. Election integrity focus ahead of 2026 midterms.
Trump Administration Weighs $100,000 Bond for Green Card Applicants
Trump administration considers requiring green card applicants to post $100,000 refundable bond. Proposal targets those deemed at risk of becoming public charges. Details remain unresolved.
Australia’s Daily Smoking Rate Falls to 5.6% as Illicit Tobacco Surges
Australia’s daily smoking rate fell to 5.6% in 2025, beating the 10% target, but 34% of smokers now buy illicit tobacco. The government bans nicotine pouches from July 24.
Moonshot’s Kimi K3 Narrows AI Gap; Chinese Model Rivals US Frontier Systems
Moonshot AI’s Kimi K3 model with 2.8 trillion parameters rivals Anthropic’s Fable 5 and OpenAI’s GPT 5.5, marking a major shift in the US-China AI race and triggering sharp selloffs in tech stocks.
PC Jeweller Shares Fall 5.80% to ₹9.73 After Board Approves ₹1,000 Crore QIP on July 16
On 16 July 2026, PC Jeweller shares fell 5.80% to ₹9.73 after the company’s board approved a ₹1,000 crore Qualified Institutional Placement (QIP). The fundraising plan aims to strengthen the company’s finances and support future growth. However, the announcement also raised concerns about possible equity dilution, leading to selling pressure in the stock. Here’s why…