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Daniel Grollo Declared Bankrupt After Grocon Collapse
Former Grocon boss Daniel Grollo declared bankrupt after company collapse. Grollo owes over $10 million to creditors and has forfeited his New York penthouse to an American bank.
Trump Halts Iran Strikes After 13 Days; Diplomacy Advances July 26
Trump halts Iran airstrikes after 13 days as Vice President Vance and military chief raise escalation concerns. Diplomacy efforts intensify with Oman-Iran talks on reopening Strait of Hormuz.
Japan Display Stock Soars With Retail Investors Despite ¥198B Loss
Japan Display ranks 2nd on Rakuten’s debut investor list across all age groups despite ¥198B loss and no dividend. Stock trades at ¥47, down from ¥164 peak in March 2026.
Australia’s Age Pension Thresholds Rise July 1: Who Gets a Boost
Age Pension deeming thresholds rose July 1, 2026. Single pensioners now have $66,800 at the lower rate, couples $110,600. Part-pensioners with investments may see modest payment increases.
Japan’s Pension Division Trap: How Divorce Leaves Retirees Bankrupt
Japanese retiree loses ¥300 million pension to ex-wife via Article 3 pension division after divorce. Financial planner explains the legal trap that can trigger old-age bankruptcy.
Australia’s 13 Million Spare Bedrooms Could Ease Housing Crisis if Pension Rules Change
Australia’s census on August 11 will update the count of 13 million spare bedrooms. Experts say changing pension rules could unlock rental supply and ease housing affordability.
Lidl Halts EV Orders for Staff as German Automarket Volatility Bites
Lidl parent Schwarz-Gruppe halts electric vehicle orders for employee company cars in Germany due to volatile market conditions and changing regulations. Current fleet includes one-fifth EVs.
Cathay Pacific Expands Network With 11 Ultra-Long A350 Routes and Santo Domingo Link
Cathay Pacific deploys 11 new ultra-long A350 routes and launches Santo Domingo codeshare. Stock rated A- by Meyka with HK$14.49 12-month forecast.
Australia’s New CGT Rules Create $500,000 Tax Trap for Retirees July 25
Australia’s new capital gains tax rules remove the 50% discount and replace it with inflation indexation, creating a $500,000 tax trap for unwary retirees and investors. The change breaks tax parity with dividend income.