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Harvey Norman Copped $35M Fine Over Misleading Ads on July 29
Harvey Norman ordered to pay $35 million penalty after Federal Court found its 60-month interest-free ads masked mandatory credit card fees. Latitude Financial pays $20 million. Combined $55 million is ASIC’s record for misleading financial product marketing.
Trump Defends Auto Tariffs in Michigan as 50% Canada Hike Looms in August
Trump defends auto tariffs at GM plant in Michigan as US plans 50% tariff hike on Canadian goods in August. Current 25% levy on Canadian-assembled vehicles set to double.
Angus Taylor Named in ICAC Corruption Probe Over $15K Reformers Donation
Angus Taylor named in ICAC corruption probe over alleged $15K donation to NSW Liberal Reformers faction. Text messages shown at inquiry reference ‘shakedown’ for funds. Taylor not accused of wrongdoing.
FTSE 100 Rises 0.22% as Markets Recover From Chip Sell-Off, Middle East Risks Persist
On July 28, 2026, the FTSE 100 advanced 0.22%, bouncing back after a sharp global sell-off in semiconductor stocks unsettled investors earlier in the week. Strong corporate earnings and bargain buying helped support the UK’s benchmark index, while tensions in the Middle East continued to keep traders cautious. Investors are weighing encouraging company results against…
10Y Treasury ~4.62% as Oil Slides; Yield Curve Holds Positive Slope (30Y ~5.11%)
The 10-year Treasury yield eased to roughly 4.62% on July 28, 2026, pulling back from last week’s highs. Brent crude fell to $86.58 a barrel, down 1.54% on the day, as hopes grew for renewed US-Iran talks. The 30-year Treasury yield slipped to 5.111%, while the 2-year fell to 4.301%. Despite the pullback, the Treasury…
Barclays (LSE: BARC) H1 Profit Jumps 17% to £6.1B as Investment Banking Revenue Surges
Barclays posted pre-tax profit of £6.1 billion for the first half of 2026. That marks a 17% jump from £5.2 billion a year earlier. The result beat analyst forecasts of £5.9 billion comfortably. Investment banking income climbed 11% to £8 billion, driven by stronger trading and deal activity. Barclays Delivers Stronger-Than-Expected H1 Results Barclays (NYSE:…
Nicholas Shizas: Ex-Public Servant Charged Over Alleged $1.3 Million GST Fraud Scheme
Australian authorities have charged a former Commonwealth public servant over an alleged scheme to fraudulently claim more than $1.3 million in GST refunds. The case is part of Australia’s continuing crackdown on tax fraud. The charges, announced in July 2026, follow an investigation by the Australian Taxation Office (ATO) and the Australian Federal Police (AFP)….
ABC Investigation Finds Chinese Tomatoes Mislabeled as Australian in Leggo’s, Coles Products
ABC investigation reveals Leggo’s, Coles, and Aldi sold Chinese-grown tomatoes labeled as Australian or Italian. Forensic testing by Source Certain found Xinjiang origins in some products.
Google Faces Up to $10 Billion in EU Damages Claims After Landmark Antitrust Loss
Google now faces private lawsuits seeking up to $10 billion in damages across Europe. The wave follows a €1 billion Digital Markets Act fine, the first ever issued under that law. Regulators penalized Google for favoring its own services and blocking cheaper app payment options. Alphabet shares closed at $326.56 on July 27, 2026, up…