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South Korea’s Kospi Tumbles 5% on AI Chip Fears, Reversing Friday’s Record Rally
South Korea’s Kospi index fell 5% on August 3 after a record 17.9% rally Friday, as Samsung and SK Hynix dropped 9% each. Leverage-fueled selling and AI spending concerns drove the reversal.
Walgreens Closes 2 More NJ Stores by September; 1,200 Shuttered by 2027
Walgreens closes 2 New Jersey stores by September 3 as part of a plan to shutter 1,200 underperforming U.S. locations by 2027. Prescriptions transfer automatically to nearby locations.
AU Government Levy on Tech Giants Increased Under News Bargaining Plan
Australia has updated its proposed levy on large technology companies through its revised News Bargaining Incentive, introducing a new 2.5% levy announced on August 3, 2026. The policy is designed to encourage platforms such as Google, Meta, and other major digital companies to sign payment agreements with Australian news publishers instead of paying the levy….
Alan Jones Trial Begins: 85-Year-Old Broadcaster Faces 22 Charges on August 3
Alan Jones, 85, faces 22 charges of indecent assault and sexual touching in Sydney local court. Six male complainants allege incidents between 2003 and 2020. Trial expected to last four months.
Prysmian Strikes $3.8 Billion Agreement to Buy U.S. Firm Atkore
On August 3, 2026, Italian cable maker Prysmian agreed to acquire U.S.-based electrical products company Atkore in a $3.8 billion cash deal. It is one of the largest industrial acquisitions announced this year. The agreement comes as investment in AI data centers, power grid upgrades, and electrification projects continues to grow. Prysmian plans to expand…
Nikkei 225 Falls Over 2% as Stronger Yen Pressures Japanese Exporters
On August 3, 2026, the Nikkei 225 dropped more than 2% after the Japanese yen strengthened, triggering a wave of selling in export-driven stocks. Automakers and technology companies were among the hardest hit because a stronger yen reduces the value of overseas earnings when they are converted into Japan’s currency. The decline also raised fresh…
STARTO Entertainment Faces Talent Exodus as Ex-Junior Debuts Elsewhere in One Year
Former STARTO Entertainment junior Koji Mimura debuts with iiONDO after leaving in June 2025. The case highlights growing concerns about extended debut waits and talent departures from the major Japanese agency.
Nvidia CEO Huang Predicts Six-Figure Trade Jobs as AI Data Centers Boom
Nvidia CEO Jensen Huang says the $7 trillion global AI data center buildout will create six-figure jobs for electricians and plumbers. McKinsey estimates the US needs 130,000 more electricians by 2030.
Nvidia CEO: AI Data Centers Will Create Six-Figure Trade Jobs by 2030
Nvidia CEO Jensen Huang predicts AI data center boom will create six-figure salary jobs for electricians, plumbers, and construction workers. McKinsey estimates 130,000 electricians needed in US alone by 2030.