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US Weighs 7.5% Tariff on China; Switzerland Could Be Hit Too
Washington considers 7.5% additional tariffs on Chinese goods over overcapacity claims. China opposes the move and threatens countermeasures. Switzerland may also face duties.
Hong Kong Opens Ride-Hailing Licences: Uber, Didi Prepare Bids by October 30
Hong Kong Transport Department invites ride-hailing platform applications with October 30 deadline. Uber and Didi preparing bids. Annual licence fee HK$1.2 million. Applicants need HK$50 million paid-up capital.
King Harald V of Norway Dies at 89 After 35 Years on Throne
King Harald V of Norway, Europe’s oldest reigning monarch, dies at 89 after 35 years on the throne. His son Haakon VIII succeeds him amid family controversies.
Oil Flows Through Strait of Hormuz Recover to Two-Thirds of Pre-War Levels, Goldman Sachs Says
Goldman Sachs said Thursday that oil flows through the Strait of Hormuz have recovered to roughly two-thirds of pre-war levels. Total Gulf exports of crude and oil products have climbed to 15 million to 16 million barrels per day. Goldman Sachs said the recovery is limiting the Iran war’s overall impact on global crude prices….
FTSE 100 Rises 27 Points to 10,820 as Wall Street Tech Rally Boosts Market Sentiment
The FTSE 100 gained 27.62 points, or 0.26%, to 10,820.16 in late-morning trading on Friday, August 28, 2026. The index had touched an early high of 10,844.99 before giving back some gains. A technology-led rally on Wall Street overnight drove the risk-on tone across London markets. Wall Street’s Tech Surge Sets the Tone Nvidia jumped…
Nvidia Guides 70% Growth for Fiscal 2028 After Q2 Revenue Doubles to $96.2B
Nvidia beats Q2 earnings with $96.2B revenue, up 106% YoY. CEO Jensen Huang forecasts 70% fiscal 2028 growth, far exceeding analyst consensus. Data center revenue surges 117% as AI demand accelerates.
IPO Subscription Today: Hy Tech Engineers Booked 114x, Skyways 14.4x and Symbiotec 13.86x
IPO subscription today has put Hy Tech Engineers in focus, with the issue reportedly booked 114 times on August 27, 2026. Skyways Air and Symbiotec Pharmalab also saw strong investor demand, with subscriptions of 14.4 times and 13.86 times, respectively. The wide gap between the three issues shows where investors are placing the strongest bets….
NVDA Stock in Focus as Nvidia Forecasts Strong AI Chip Demand Through Fiscal 2028
Nvidia’s latest results have put NVDA stock back in focus as demand for AI chips continues to hold up. On August 26, 2026, Nvidia forecast about 70% revenue growth for fiscal 2028, well above Wall Street’s 44% estimate. The company also reported $96.22 billion in quarterly revenue, with data-centre sales topping $89 billion. Investors are…
Baby Boomers Collect 265% of Social Security Contributions as Millennials Fund Gap
Baby boomers retiring in 2027 will collect $730,000 in Social Security benefits on less than $200,000 in combined taxes paid, according to a nonpartisan budget analysis. Millennials are funding the shortfall.