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QVC Exits Bankruptcy With $5B Debt Cut, Mike George Returns as CEO on August 7
QVC exits bankruptcy with $5 billion debt reduction and $600 million new credit facility. Former CEO Mike George returns to lead turnaround as company relists on Nasdaq under symbol QVCG.
First Phosphate Uplists ADRs to Nasdaq on August 10, 2026
First Phosphate uplists Level 2 ADRs to Nasdaq Global Market under ticker PHOS on August 10, 2026. The move converts OTCQX holdings automatically and maintains a 10-to-1 ADR ratio.
Indonesia Takes Over Whoosh High-Speed Rail as Losses Mount to ¥45 Billion
Indonesia’s government takes control of the Whoosh high-speed railway from state firms after losses ballooned to ¥45 billion in the first half of 2026. The transfer aims to restructure debt without burdening the state budget.
ByteDance Eyes AI Leadership With 10 Trillion-Parameter Model Bigger Than Kimi K3
On 7 August 2026, reports revealed that ByteDance is developing a 10 trillion-parameter AI model, making it much larger than Moonshot AI’s Kimi K3. The project is the latest sign of China’s rapid progress in artificial intelligence and could strengthen ByteDance’s position alongside companies such as OpenAI, Anthropic, and Google. A larger model does not…
US Navy Declines to Recover Lily Jean Wreck as Families Demand Answers
US Navy declines to help recover the Lily Jean fishing vessel that sank in January with seven crew members. Governor Healey and families seek answers about the tragedy.
Alibaba News | Qwen Open Source AI Model May Introduce Revenue Sharing for Enterprise Users
Alibaba plans to introduce a revenue-sharing requirement for major commercial users of its next Qwen open-source AI model, Reuters reported Friday, August 7, 2026. The tech giant will ask large enterprises to share revenue generated when deploying the upcoming Qwen3.8-Max model commercially. Two people familiar with the plan said the change takes effect next week,…
NHK Apologizes for Mishandling Sexual Assault Case, Employee Diagnosed With PTSD
NHK apologizes for denying a sexually assaulted employee’s transfer request for 3+ years, leading to PTSD diagnosis. Investigation committee found the broadcaster’s response inadequate and prioritized procedure over human rights.
Trusco Nakayama’s Human Cooler Hits 200 Units Sold Amid Japan Heat Crisis
Trusco Nakayama’s human-sized cooling box sells 200 units in 4 months at 1.5M yen as Japan battles extreme heat. Demand surges in factories, construction sites, and abroad.
Rational AG (FRA: RAAG) Rises as Q2 Net Profit Climbs 15% to €73.1M; U.S. Tariff Refund Lifts Margins
On 6 August 2026, Rational AG (FRA: RAAG) reported strong second-quarter results, with net profit rising 15% year over year to €73.1 million. Revenue also moved higher, while a one-time U.S. tariff refund pushed the company’s operating margin above market expectations. Even with higher trade and operating costs, Rational continued to improve profitability. Investors are…