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BBC Seeks Trump Family Subpoenas in $10B Defamation Case; Judge Swap Raises Questions
BBC seeks subpoenas for Trump family members in $10B defamation lawsuit over edited Panorama speech. Trump-nominated judge Jeffrey Kuntz now presides over case set for trial in February 2027.
Global Bond Yields Hit 30-Year Highs on August 19 as Oil Soars Past $91
Global bond yields surge to 30-year highs as Middle East tensions spike oil to $91/barrel and stall U.S.-Iran peace talks. Japan’s 10-year yield hits highest level since 1996.
Tyson Foods Closes Three Beef Plants, Lays Off 3,200 as Cattle Shortage Deepens
Tyson Foods closes beef plants in Joslin, Illinois and Eagle Mountain, Utah, laying off 3,200 workers amid a 75-year low in cattle herds. The company also plans to sell its Pasco, Washington facility.
Oil Prices Today: Brent Jumps to $91.30, WTI Hits $85.31 as U.S.-Iran Peace Hopes Fade and Hormuz Risks Rise
Oil prices moved higher on August 18, 2026, with Brent crude trading above $91 a barrel and WTI near $85 as hopes for a U.S.-Iran peace deal weakened. The Strait of Hormuz remains a major concern for traders, as limited tanker traffic could tighten global energy supplies. Iran has taken a harder stance, while the…
LG Electronics, Nvidia Expand Robotics Alliance as Seoul Data Factory Targets 100,000 Hours of AI Training Data
LG Electronics is deepening its robotics partnership with Nvidia at a new data factory in Seoul. Senior executives from both companies met Tuesday, August 18, 2026, at LG’s Yangjae R&D Campus. The facility aims to collect 100,000 hours of robot training data by year-end. That volume equals roughly 12 years of continuous data generation. The…
Sunshine Coast Philanthropists Roy and Nola Thompson Die 8 Days Apart After Giving $20M
Sunshine Coast philanthropists Roy and Nola Thompson, married 69 years, died 8 days apart after donating $20M+ to hospitals, universities, and charities across Queensland.
Bond Rout Sends Long-Term Borrowing Costs to Highest Level in Decades
Long-term borrowing costs rose across major economies on August 18, 2026, as investors sold government bonds amid renewed inflation and fiscal concerns. The 30-year US Treasury yield climbed to 5.326%, its highest level since 2007, while Japan’s 10-year yield reached a near 30-year high of 2.945%. The global bond rout is raising concerns about government…
Indo-MIM Shares Rally 10% as Q1 Growth and 11% Drop in Raw Material Costs Boost Sentiment
Indo-MIM shares hit a 10% upper circuit on August 18, 2026, touching an all-time high of ₹951.30. The rally followed Q1 FY27 results showing 31.63% profit growth. Raw material costs fell 10.9% year-on-year, giving margins a clear boost. The stock now trades 96% above its ₹485 IPO issue price. Indo-MIM Q1 FY27 Profit and Revenue…
Tasmanian Woman Loses $10,000 in Facebook Marketplace Van Scam, August 18
Leanne Roney lost $10,000 after unknowingly purchasing a stolen van on Facebook Marketplace. The seller, Michael John Bowerman, pleaded guilty to fraud. A restitution hearing is scheduled for August 24.