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CKD Former Accountant Arrested for ¥178M Embezzlement—July 10
CKD machinery manufacturer’s former accountant arrested for ¥178 million embezzlement. Suspect allegedly used stolen funds for online horse racing. Police investigation ongoing.
Luc Poirier Buys Goodyear Plant Site for $29.5M in Valleyfield
Luc Poirier buys Goodyear plant site in Valleyfield for $29.5M. Plans mixed-use development with commercial, industrial, and residential phases on 6.7M sq ft property.
Mortgage Rates Hold at 6.49% as Iran Tensions Push Affordability Concerns—July 10
30-year mortgage rates averaged 6.49% this week as US-Iran tensions spike oil prices. A new housing law may ease affordability over time, but buyers face continued headwinds.
Erdoğan Gives NATO Leaders Engraved Revolvers at Ankara Summit—July 10
Turkish President Erdoğan gave NATO leaders engraved revolvers with ammunition at the Ankara summit on July 9. Leaders faced legal and security challenges transporting the weapons home.
Vedanta Oil & Gas Surges 8% After Delhi Court Backs ₹950 Cr Award—July 9
Vedanta Oil & Gas shares surge 8% after Delhi High Court rejects government objections to $99 million arbitration award. Stock now up 4% since June 15 listing.
Swiss Solar Sales Plunge 29% in 2025—First Decline Since 2017
Swiss photovoltaic sales dropped 29% in 2025, marking the first decline since 2017. Solar output hit 13.7% of national electricity, while home battery storage jumped 70%.
Australia’s 30% Trust Tax: What Small Businesses Must Know by July 2028
Australia’s 30% discretionary trust tax takes effect July 1, 2028. 350,000 small businesses must decide whether to restructure by June 2030 or face higher tax. Rollover relief covers capital gains but not stamp duty or legal costs.
MTR Pak Shek Kok Station Gets Green Light: 2033 Target, HK$400M Land Cost
Hong Kong government approves Pak Shek Kok MTR station project with 2033 completion target. MTR to finance via private residential development. Land resumption cost HK$400 million.
Secret Service Swaps Trump to Old Air Force One Over Iran Security Fears—July 9
Secret Service advised Trump to use older Air Force One leaving Turkey due to Iran tensions. The new Qatari-gifted plane lacks some defensive systems the older model has.