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Oil Choke Points Widen as Hormuz Attacks Surge: Brent Hits $100
Oil prices surge past $100 as attacks on tankers in Hormuz, Red Sea, and Black Sea disrupt shipping. Brent crude up 30% in July. Vulnerable economies face $20bn annual import cost rise.
Australia’s New CGT Rules Create $500,000 Tax Trap for Retirees July 25
Australia’s new capital gains tax rules remove the 50% discount and replace it with inflation indexation, creating a $500,000 tax trap for unwary retirees and investors. The change breaks tax parity with dividend income.
GOP Turns on Vance Over Iran Deal, 2028 Race Heats Up July 25
JD Vance battles GOP criticism over Iran deal involvement and Trump alignment as he leads 2028 Republican primary polls. His allies claim attacks are a coordinated operation.
Japanese Red Army Member Okamoto Dies in Beirut at 78, July 25
Kozo Okamoto, last surviving member of the 1972 Lod Airport attack that killed 26 people, dies in Beirut at 78. The Japanese Red Army militant had lived in Lebanon since 1985.
Supreme Court Strips Independent Agencies of Firing Protection, July 24
Supreme Court’s Trump v. Slaughter ruling lets the president fire independent agency heads without cause, overturning Humphrey’s Executor. Federal Reserve kept its independence in Trump v. Cook.
Generic Zyrtec Recalled Over Heartburn Drug Contamination July 24
Generic Zyrtec recalled nationwide due to contamination with heartburn drug ranitidine. Four lot numbers affected. No illnesses reported yet. Check your bottles.
S&P/NZX 50 Index Little Changed as Oil Rally Weighs on Market Sentiment
The S&P/NZX 50 Index traded down 0.4% on Friday, July 24, 2026, as surging oil prices pressured sentiment. Despite the pullback, the benchmark remains up 0.4% over the past five trading days. New Zealand’s index has gained 2.6% over the past month and 7.4% over the past year. Brent crude traded near $100.40 a barrel…
Lohia Corp IPO Day 2: GMP Falls Sharply as ₹1,101 Crore Issue Sees Tepid Demand
Lohia Corp’s ₹1,101 crore initial public offering (IPO) drew a cautious response from investors on Day 2, July 24, 2026, while its grey market premium (GMP) slipped sharply from the levels seen before the issue opened. The decline has led many investors to reassess the stock’s listing potential, even though the IPO remains open for…
Ukrainian F-16 Scores First Air-to-Air Kill Against Russian Su-35
Ukrainian F-16 fighter jet achieves first confirmed air-to-air victory against Russian Su-35, according to US Joint Chiefs Chairman Gen. Dan Caine’s testimony to Congress on July 22.