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Asian Shares Mixed as Nikkei 225 Falls 0.3%, Shanghai Gains 0.8%, Oil Rises Over 1%
On August 7, 2026, Asian stock markets ended the session with mixed results as investors responded to fresh economic data from across the region. Japan’s Nikkei 225 fell 0.3%, while China’s Shanghai Composite rose 0.8%, helped by improving confidence in Chinese stocks. At the same time, oil prices climbed more than 1%, adding to concerns…
SK Hynix Approves $38.3 Billion Investment to Expand Yongin and Cheongju Chip Plants
SK Hynix’s board approved a 54.3 trillion won ($38.3 billion) investment package Friday, August 7, 2026. The funding covers new fabrication plants in Yongin and Cheongju through 2031. This expansion responds directly to surging AI memory chip demand worldwide. SK Hynix continues racing to secure production capacity as memory prices climb sharply. $38.3 Billion Investment:…
AMD Stock Climbs 1.50% Following Acquisition of Alumni-Founded Chip Company
AMD stock rose 1.50% Thursday, August 6, 2026, closing at $489.29 per share. The gain followed AMD’s definitive agreement to acquire Taalas, a Toronto AI chip startup. Taalas was founded by former AMD engineers who later built model-specific inference chips. This marks AMD’s fourth AI-focused acquisition within just nine months. AMD Stock Today: Shares Rise…
Eutelsat Expects 2027 Revenue Increase Driven by 30%+ LEO Satellite Expansion
On 7 August 2026, Eutelsat said it expects revenue growth in fiscal 2027 as its low Earth orbit (LEO) satellite business is set to expand by more than 30%. The company is moving away from its declining TV broadcasting operations and focusing more on connectivity services powered by OneWeb. With demand increasing from governments, businesses,…
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…
Layoffs Report: July Job Cuts Drop Sharply as AI Tops Workforce Changes
Layoffs across the United States fell sharply in July 2026, hitting their lowest monthly level in two years. Employers announced 33,429 job cuts, down 46% from July 2025, according to Challenger, Gray & Christmas. Artificial intelligence remained the top-cited reason for the fifth consecutive month, driving 10,970 of those cuts. Hiring plans simultaneously rose to…
Coles Offshores Hundreds of Jobs to India in Accenture Deal, August 7
Coles offshores hundreds of corporate jobs to India through an Accenture partnership. The supermarket giant cites competitive retail sector and technology needs. Redundancies expected despite redeployment efforts.
Tata Nexon Camo Edition Launches at Rs 9.99 Lakh on August 6
Tata Motors launches Nexon Camo Edition at Rs 9.99 lakh with exclusive Munnar Mist and Coorg Cloud colours, 12.3-inch touchscreen, and integrated dashcam. Limited-period offering available across five trims.
FTSE 100 Today: Index Rises 0.19% as Hormuz Hopes Lift UK Stocks, CAC 40 Gains 0.71%
On 6 August 2026, the FTSE 100 rose 0.19% as growing confidence over safer shipping through the Strait of Hormuz lifted sentiment across European markets. France’s CAC 40 added 0.71%, reflecting stronger appetite for equities despite lingering global uncertainty. Company earnings also helped support the market, while easing concerns about energy supplies gave investors another…