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Diageo (LON: DGE) Unveils $1 Billion Cost-Cutting Plan as Operating Profit Drops 27.2% Despite $19.64 Billion Sales
On 6 August 2026, Diageo (LON: DGE) announced a $1 billion cost-cutting plan after reporting a 27.2% fall in operating profit, even though annual sales reached $19.64 billion. The world’s largest spirits company is dealing with weaker demand for premium drinks across several major markets, prompting a fresh approach to its business. Even with lower…
Samsung, SK Hynix Face Pressure to Increase Buybacks and Dividends as AI Cash Hits $263B
On 6 August 2026, Samsung Electronics and SK Hynix faced growing calls from investors to raise share buybacks and dividends as their combined cash reserves are expected to reach about $263 billion by the end of the year. Strong demand for advanced memory chips used in artificial intelligence has driven record earnings for both companies….
Wesley Bell Defeats Cori Bush in Missouri Primary, Backed by Pro-Israel Groups
Wesley Bell defeated Cori Bush 59% to 37% in Missouri’s Democratic primary on August 4, 2026. Pro-Israel groups spent over $2.5 million against Bush, who had criticized Israel’s Gaza response.
Thanedar Ousted in Michigan Primary as McKinney Wins 13th District Seat
Donavan McKinney defeated incumbent Shri Thanedar in Michigan’s 13th Congressional District Democratic primary on August 5, 2026, with 51.9% to 48.1%. McKinney will face Republican T.P. Nykoriak in November.
Ex-Jungle Pocket Member Faces 7-Year Prison Demand in Tokyo Sexual Assault Trial
Prosecutors seek 7-year prison sentence for ex-Jungle Pocket member Shinji Saito on sexual assault charges. Victim testified about PTSD, job loss, and social stigma following 2024 incident.
Costco Canada Recalls Alfa Croissants Over Mould Risk on August 5
Costco Canada recalls Alfa Croissants 24-packs due to mould risk in lot codes 10726 and 08626. Affected products sold June-July 2026 at Costco Business Centres. Full refunds available.
Jetstar Charges Up to A$52 for Overhead Bags From February 2027
Jetstar will charge A$25 to A$52 for overhead baggage from February 2027. Under-seat bags remain free. The budget airline is removing its 7kg weight limit and no longer weighing bags at the gate.
NHK Apologizes for Sexual Harassment of Staff Member; 3-Year Delay in Job Transfer
NHK admits staff member was sexually harassed by performer, developed PTSD, and faced 3-year delay in transfer. Broadcaster apologizes for inadequate response and promises compensation review.
FTSE 100 (^FTSE) Rises 0.41% as U.S.-Iran Hormuz Deal Nears; DAX (+0.49%), CAC 40 (+0.12%) Advance
On 5 August 2026, European stock markets traded higher as expectations grew that the United States and Iran were moving closer to an agreement to restore safe shipping through the Strait of Hormuz, one of the world’s busiest oil routes. The FTSE 100 climbed 0.41%, Germany’s DAX gained 0.49%, and France’s CAC 40 added 0.12%….