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HSBC Exits Australian Retail Banking After 40 Years; Sells $36B Loan Book to Blackstone
HSBC exits Australian retail banking after 40 years, selling its $36 billion loan book to Blackstone. All 19 branches to close over 18 months. Pepper Money will service the loans.
US, Israel Plan Major Iran Energy Strikes as Strait of Hormuz Remains Closed
U.S. and Israel planning major strikes on Iranian energy infrastructure this weekend. Strait of Hormuz closed, oil above $90/barrel, Iran retaliating against U.S. bases in Kuwait and Bahrain.
FIFA’s $4.2B World Cup Sale Plan Sparks UEFA Boycott Threat on August 1
FIFA plans to sell a minority stake in a World Cup subsidiary for $4.2 billion, but UEFA threatens boycott. Senior FIFA advisor Carlos Cordeiro resigns in protest on July 31.
WestJet Grounds 737s as Strike Deadline Hits Sunday Midnight
WestJet flight attendants’ 72-hour strike notice expires Sunday. Airline parks 737s and allows free rebooking through August 4 as contract talks continue over unpaid work.
Costco Canada Expands Recall to Toaster Ovens, Go-Karts on July 31
Costco Canada recalls Panasonic toaster ovens, Aston Martin go-karts, and Alfa Croissants due to fire, injury, and mould hazards. Full details on affected lot codes and refund options.
Ulta Beauty Rallies 1.7% as PacSun Collab Targets Gen Z After Target Exit
Ulta Beauty partners with PacSun on limited-edition beauty kits and apparel launching July 28. The collaboration targets Gen Z consumers as Ulta exits its Target partnership in August.
Thermax (NSE: THERMAX) Plunges 16% After Q1 Profit Slumps 83% on ₹91 Crore One-Time Project Cost Overrun
On July 31, 2026, Thermax Ltd. (NSE: THERMAX) shares fell nearly 16% after the company reported a sharp decline in its first-quarter FY27 earnings. Net profit dropped 83% from a year earlier, mainly because of a ₹91 crore one-time project cost overrun in its Industrial Infra business. The weaker earnings, along with cautious comments from…
Sony Group Corp. Reports 32% Profit Growth Despite Earthquake Disruptions
On July 31, 2026, Sony Group Corp. reported a 32% increase in quarterly profit, even after a powerful earthquake in Japan disrupted some of its operations earlier in the week. Strong results from its PlayStation, music, and imaging businesses helped offset temporary issues at several semiconductor facilities. The better-than-expected earnings also led Sony to raise…
Adani Enterprises Q1 Loss Reaches ₹1,160 Crore After Settlement Payout
On July 31, 2026, Adani Enterprises reported a ₹1,160 crore net loss for the first quarter of FY27. While the headline number looks disappointing, it was largely driven by a one-time ₹2,644 crore settlement payout. At the same time, the company’s core businesses continued to expand, with revenue rising sharply across several segments. That leaves…