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Nifty 50 Surges 1.6% to 24,774 on Oil Drop and Iran Talks
Nifty 50 climbs 1.6% to 24,774 on August 3 as crude oil drops 5% and U.S.-Iran tensions ease. IT stocks lead broad-based rally.
Jeff Bezos Backs $2.6B AI Startup Tackling Chip Material Shortage
Jeff Bezos backs CuspAI’s $450M Series B round at $2.6B valuation. The AI startup partners with Nvidia and Meta to discover chip materials, tackling gallium and rare element shortages.
Super El Niño Cuts 2026 Atlantic Hurricane Forecast to 9 Storms on August 3
Super El Niño weakens 2026 Atlantic hurricane season forecast to 9 storms. Climate Impact Company cuts outlook as warm Pacific waters suppress tropical activity through fall.
Premium Bonds August Draw: £1m Winners Crowned, Full Results Out August 4
Premium Bonds August 2026 draw results: two £1m winners announced, full prize checker opens August 4. Essex had 798 winners this month including three £100,000 prizes.
DeepSeek AI Launches Ultra-Low-Cost V4-Flash Model Ahead of Potential IPO
DeepSeek AI released the official version of its V4-Flash model on July 31, 2026, undercutting rivals on price by a wide margin. The Chinese startup’s new model costs over 100 times less to operate than Anthropic’s Claude Fable 5, according to research firm Artificial Analysis. The launch comes as DeepSeek AI reportedly prepares for a…
Oil Prices Drop as Trump Announces Fresh Iran Talks, Yen Rally Weighs on Asian Markets
Oil prices dropped sharply on August 3, 2026, after President Trump announced fresh talks with Iran. Brent crude fell as much as 7.3% to a session low of $81.55 a barrel. WTI crude sank nearly 8% in early Asian trading. A coordinated US-Japan yen intervention added further volatility, pushing USD/JPY below 156. Asian equities traded…
Australian Shares End Higher as ASX 200 Climbs Above 9,000
On August 3, 2026, Australian shares finished higher as the S&P/ASX 200 closed above the 9,000-point mark for the first time in recent sessions. The move reflected improving investor confidence after gains in banking, healthcare, and gold stocks lifted the market. Easing geopolitical tensions also supported sentiment, while falling oil prices weighed on energy shares….
Prysmian Strikes $3.8 Billion Agreement to Buy U.S. Firm Atkore
On August 3, 2026, Italian cable maker Prysmian agreed to acquire U.S.-based electrical products company Atkore in a $3.8 billion cash deal. It is one of the largest industrial acquisitions announced this year. The agreement comes as investment in AI data centers, power grid upgrades, and electrification projects continues to grow. Prysmian plans to expand…
FIFA Chief Infantino’s Position Crumbles After Failed $20B World Cup Sale Plan
FIFA President Gianni Infantino’s $20 billion World Cup investment plan was scrapped after global backlash. UEFA says he has lost their confidence, and his March 2027 reelection is now in jeopardy.