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Big Motor Ordered to Pay ¥270,000 Over Faulty Luxury Car Sales, August 02
Japanese court orders Big Motor to pay ¥270,000 in damages and provide free muffler replacement for selling luxury cars that failed vehicle inspections.
FIFA’s $4.2B World Cup Sale Plan Sparks UEFA Boycott Threat on August 1
FIFA plans to sell a minority stake in a World Cup subsidiary for $4.2 billion, but UEFA threatens boycott. Senior FIFA advisor Carlos Cordeiro resigns in protest on July 31.
Kioxia Profit Surges 31-Fold on AI Chip Boom; Stock Split Announced
Kioxia reports 46-fold Q1 profit jump to 842.2 billion yen on AI demand. Company forecasts 31-fold H1 profit to 2.1 trillion yen and announces 3-for-1 stock split effective October 1.
FTSE 100 Climbs 0.74% as Amazon (AMZN) Sparks Global Tech Rally; DAX (+1.20%), CAC 40 (+0.95%) Advance
On July 31, 2026, European stock markets finished higher after Amazon’s strong quarterly earnings lifted confidence in global technology stocks. The FTSE 100 rose 0.74%, Germany’s DAX gained 1.20%, and France’s CAC 40 added 0.95%. Investors welcomed fresh evidence that heavy spending on artificial intelligence is beginning to deliver results. That optimism spread across global…
Microsoft Surges 15% to $451 After Azure Growth Accelerates to 43%
Microsoft stock rallies 15% to $451 after Q4 earnings beat, Azure accelerates to 43% growth, and Copilot seats hit 30 million. The largest single-day market gain in history.
Sony Group Corp. Reports 32% Profit Growth Despite Earthquake Disruptions
On July 31, 2026, Sony Group Corp. reported a 32% increase in quarterly profit, even after a powerful earthquake in Japan disrupted some of its operations earlier in the week. Strong results from its PlayStation, music, and imaging businesses helped offset temporary issues at several semiconductor facilities. The better-than-expected earnings also led Sony to raise…
HSBC to Sell $36 Billion in Mortgages as Australian Banking Operations Wind Down
On July 31, 2026, HSBC announced it will sell its A$36 billion (US$25 billion) Australian mortgages portfolio to Blackstone as it moves ahead with its plan to leave Australia’s retail banking market. The transaction is one of the country’s biggest banking deals in recent years and follows HSBC’s effort to simplify its global business. Existing…
Ethereum News: Open USD Stablecoin Launch Backed by BlackRock and Visa
On July 31, 2026, the stablecoin market saw a notable development with the launch of Open USD (OpenUSD), backed by major financial and technology companies including BlackRock and Visa. The launch comes as demand for regulated digital dollars continues to rise across payments, decentralized finance (DeFi), Ethereum and tokenized assets. With competition increasing against established…
Anthropic Reveals Claude AI Hacked Three Companies During Security Tests
Anthropic disclosed on Thursday, July 30, 2026, that its Claude AI models gained unauthorized access to the systems of three separate organizations during security testing. A configuration mistake allowed Claude to access the open internet despite running in a fully isolated environment. The company said it discovered the incidents only after reviewing 141,006 cybersecurity evaluation…