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Trump’s New Global Tariffs Loom as $71B Refund Wave Hits Companies
Companies have received $71 billion in tariff refunds after the Supreme Court ruled Trump’s tariffs illegal. Now Trump plans new global tariffs of 10-12.5% starting July 24, affecting UK, Japan, India, Taiwan, and China.
New World Development Quietly Renames Kwun Tong Mall from Scramble Hill to The ANGLE
New World Development rebrands Kwun Tong mall from Scramble Hill to The ANGLE. The 50-million-square-foot complex now emphasizes anime, dining, and pet-friendly spaces.
Zhongji Innolight Targets Up to $7 Billion in Hong Kong Listing After July 17 Approval
Zhongji Innolight is nearing final clearance for what could become Hong Kong’s largest listing this year. Bloomberg reported on July 15, 2026, that China’s securities regulator was set to approve the deal. That approval clears the path for a Hong Kong Stock Exchange listing hearing this week. Zhongji Innolight now aims to raise to $7…
Shein IPO: Fast-Fashion Giant Wins Hong Kong Listing Approval Ahead of Market Debut
On 17 July 2026, Shein moved closer to becoming a publicly traded company after the Hong Kong Stock Exchange’s listing committee approved its proposed IPO. The approval follows years of delays and regulatory hurdles that disrupted the retailer’s earlier plans to list elsewhere. Investors are now waiting for the next steps, with the offering expected…
Netflix Stock Falls 9% After Hours Despite Record $12.6 Billion Q2 Revenue
Netflix stock fell 9% after hours Thursday despite posting record quarterly revenue. Netflix reported Q2 2026 revenue of $12.56 billion, up 13.4% year-over-year. That figure narrowly missed Wall Street’s consensus estimate of $12.58 billion. Earnings per share came in at $0.80, edging past the $0.79 forecast. Netflix stock closed the regular session at $74.35, up…
Greg Steube Files Impeachment Against Judge Over Plane Hijacker Release
Rep. Greg Steube filed impeachment articles against Judge John E. Steele for ordering the release of convicted Cuban plane hijacker Maikel Guerra Morales from ICE custody on July 8. The judge died suddenly on July 16.
Reagan National Airport Ground Stop: 126 Flights Canceled for Iraqi PM Security July 15
FAA ground stop at Reagan National Airport canceled 126 flights on July 15 for security measures protecting Iraqi Prime Minister Ali al-Zaidi during his White House visit amid Iran conflict.
FIFA Investigates Argentina Over Falklands Banner After England Win on July 16
FIFA is investigating Argentina’s players for holding a banner with the slogan ‘Las Malvinas son Argentinas’ after their World Cup semifinal victory over England. The UK government urged action against the political display.
Rotork (LSE: ROR) Agrees to £4.1 Billion Takeover by ABB (SWX: ABBN) in Major UK M&A Deal
On 16 July 2026, ABB (SWX: ABBN) agreed to acquire Rotork (LSE: ROR) in a £4.1 billion all-cash deal, making it one of the largest UK industrial acquisitions announced this year. The offer gives Rotork shareholders a substantial premium while expanding ABB’s industrial automation and smart flow control business. It also comes as overseas buyers…