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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.
Pentagon Awards $560M Loan to Sunrise Energy for World’s First Scandium Mine in NSW
Pentagon invests $560 million in Sunrise Energy Metals’ Syerston Scandium Project in NSW to counter China’s control of rare earth supply. Project targets aerospace and defence demand.
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.
US Intelligence Warns Putin Could Test NATO With Limited Attack By 2029
US intelligence warns Putin may test NATO with limited attack or cyberattack between 2026 and 2029. Poland, Baltics at highest risk. NATO says it is ready to defend.
Sydney Airport Hit by Worst Delays in Six Months as Air Traffic Controllers Fall Short
Sydney Airport faced its worst delays in six months on August 7 as air traffic controller shortages left over 150 flights delayed up to 90 minutes. Qantas, Jetstar, and Virgin Australia all affected.
Australian Crew Completes Rare Antarctic Midwinter Rescue at -43C on July 31
Australian Skytraders crew evacuated a US patient from Antarctica’s McMurdo Station on July 31 in -43C darkness, completing the first civilian midwinter medevac near the winter solstice.
Eclipse Glasses Sell Out in Switzerland as August 12 Event Nears
Swiss opticians report eclipse glasses sold out before August 12 solar eclipse. Protective eyewear costs 5-6 francs and is critical to prevent retina damage, according to Swiss health authorities.
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….