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Australia’s 30% Trust Tax: What Small Businesses Must Know by July 2028
Australia’s 30% discretionary trust tax takes effect July 1, 2028. 350,000 small businesses must decide whether to restructure by June 2030 or face higher tax. Rollover relief covers capital gains but not stamp duty or legal costs.
Malaysia Denies Jho Low Return; MACC Keeps Probe Active—July 10
Malaysia denies fugitive Jho Low entered country for 1MDB talks. MACC says probe into the US$4.5 billion scandal remains active. Government has recovered RM31.3 billion in assets so far.
ED Raids Ex-MLA Deep Narayan Singh Yadav Over ₹23 Crore Asset Case—July 9
ED raids ex-SP MLA Deep Narayan Singh Yadav’s 11 premises in Jhansi and Lucknow over ₹23.02 crore disproportionate assets case. More than 60 criminal cases registered against him.
Fukoku Life Insurance Fraud: Two Ex-Employees Arrested for ¥1.25M Scam—July 10
Two ex-Fukoku Life Insurance employees arrested for defrauding the company of ¥1.25 million by forging medical records and filing false surgery claims. Internal audit triggered police investigation.
Malton Hospital Fire: 15 Patients Evacuated, Building Destroyed—July 9
Fire at Malton Hospital in North Yorkshire evacuated 15 patients and destroyed the Springwood unit building on July 8. Hospital remains closed; no injuries reported.
SBI Funds Management IPO Sets Price Band at ₹545–₹574 Per Share; Issue Opens July 14
India’s largest asset management company is preparing to enter the stock market this month. SBI Funds Management has set the price band for its IPO at ₹545 to ₹574 per share, with the public issue opening on July 14, 2026. The ₹11,693 crore offering is expected to be one of the biggest IPOs of the…
Kumamoto Fires Teacher for Voyeurism, Suspends Another for Theft—July 9
Kumamoto Board of Education fires teacher for attempted voyeurism after ¥500,000 fine, suspends another for stealing ¥90,000 from staff funds. Two separate disciplinary cases announced July 8.
Jim Cramer’s July 8 Stock Picks: 5 Buys in Market Rotation
Jim Cramer identifies PepsiCo, Caterpillar, Intel, and GE Vernova as buys after market rotation. He says institutional selling has created discounts in quality stocks ahead of earnings and infrastructure buildout.
Polymarket Iran Deal Ruling Sparks Lawsuit: Traders Lost 100,000 Shekels
Polymarket traders who lost significant sums are challenging the platform’s Iran deal resolution, claiming structural flaws allow outcomes to be decided contrary to written rules and factual reality.