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Teen Faces Manslaughter Charge After Grocery Owner Dies in Sunshine Attack
Van Viet Truong, 60, died from injuries after intervening in a shoplifting incident in Sunshine, Melbourne. A 15-year-old faces manslaughter charges; four other youths remanded to children’s court.
Hong Kong Silver Bonds Hit 4.25% Rate on August 7, Second-Highest Since 2016
Hong Kong issues 11th Silver Bond batch with 4.25% guaranteed rate, up from 3.85% last year. Eligible seniors aged 60+ can subscribe from August 21 for three-year bonds backed by infrastructure projects.
Sandoz Jumps 7% on Biosimilar Surge, H1 Revenue Beats Forecast
Sandoz stock rises 7% after H1 2026 earnings beat. Biosimilar sales surged 22%, now 33% of total revenue. CEO sees $650B in patent expirations over next decade.
Drug-Resistant Salmonella in Recalled Eggs Poses Serious Treatment Risk
Midwest Poultry Services recalled 1.6 million dozen eggs after a drug-resistant salmonella outbreak hit 98 people in 17 states. The strain resists the standard antibiotic used to treat severe infections.
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…
MV Electrosystems Debuts at 22% Premium on NSE, Lists at ₹520 Against IPO Price of ₹425
MV Electrosystems shares listed on the NSE on Thursday, August 6, 2026, at ₹520 per share. That marks a 22% premium over the IPO price of ₹425. The railway equipment maker’s mainboard debut drew strong investor interest throughout its three-day subscription window. Trading began at 10 a.m. on both NSE and BSE simultaneously. MV Electrosystems…
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….
GE Vernova T&D India (NSE: GVT&D) Drops Over 8% Despite Q1 Earnings Growth as Margin Pressure Weighs
On 6 August 2026, GE Vernova T&D India (NSE: GVT&D) shares fell more than 8% even though the company reported strong Q1 FY27 earnings. The move caught many investors off guard as both revenue and profit increased from a year earlier. Still, the market looked beyond the headline numbers. Investors focused on softer operating margins…
AppLovin Corporation Stock Crashes 20% After Earnings Miss Expectations
On 5 August 2026, AppLovin Corporation (NASDAQ: APP) surprised investors after reporting second-quarter earnings that came in below Wall Street’s expectations. The AI-powered advertising company still delivered strong year-over-year revenue growth, but weaker guidance for the current quarter led to a sharp sell-off. The stock dropped about 20% in after-hours trading as investors reacted to…