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Amazon Drops 2.5% as FTC Sues Over $20B Ad Surcharge Scheme
FTC and 22 states sue Amazon for allegedly manipulating ad auctions with hidden surcharges costing advertisers $20 billion. Stock falls 2.5% as legal pressure mounts.
Redmi Note 17 Pro Max Teased for India Launch With 10,000mAh Battery
Xiaomi teases Redmi Note 17 Pro Max India launch with 10,000mAh battery and 100W charging. Expected price Rs 45,999. First Max variant in Note series.
Pang Kin Keong Takes LTA Chair on September 1 After 35 Years in Public Service
Pang Kin Keong, former permanent secretary for home affairs and transport, becomes LTA chairman on September 1, 2026, replacing Alan Chan after a decade of leadership.
Siemens Chief Busch Warns EU on AI Regulation Pace, August 31
Siemens CEO Roland Busch warns the EU that slow AI regulation lets competitors advance faster. He also defends China’s competitiveness and cautions against broad tariffs.
Bugatti CEO Rimac Says Petrol Supercars Will Dominate Luxury Market
Bugatti CEO Mate Rimac predicts petrol engines will dominate ultra-luxury supercars for decades, comparing the market to Swiss watchmaking. Bugatti Tourbillon sells out at AUD $6.7 million.
US Navy Blockade Cuts Iran Oil Exports 80% as Trump Shifts to Economic Warfare
US Navy blockade reduces Iran’s August oil exports 80% to 260,000 bpd. Trump administration launches Operation Economic Outcast to cut remaining revenue sources as economic warfare replaces military strikes.
Infosys Public Services CEO Lax Gopisetty Unreachable After Nepal Floods
Infosys Public Services CEO Lax Gopisetty unreachable after Nepal floods. 320 Indians missing along Nepal-Tibet border. Company working with agencies to establish contact.
Itochu to Invest ¥250B in Dentsu Soken, Taking 38.2% Stake
Itochu to invest ¥250 billion for 38.2% stake in Dentsu Soken via tender offer. Move aims to resolve parent-subsidiary dual listing structure and expand Itochu’s IT segment.
Autodesk (ADSK) Stock Falls 4% Despite Q2 Earnings Beat as Fiscal 2027 Guidance Disappoints
Autodesk (ADSK) stock fell about 4% on August 28, 2026, even after the company beat Wall Street estimates in its fiscal second-quarter results. Autodesk posted $2.05 billion in revenue and $3.30 in adjusted EPS, both above expectations. Investors quickly turned their attention to the fiscal 2027 outlook. The strong Q2 numbers were not enough to…