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Fed Holds Rates at 3.5-3.75% as Three Officials Dissent; DAX Closes Mixed July 30
Fed holds rates steady at 3.5-3.75% with three dissents. German DAX rises 0.6% despite inflation fears and rising US Treasury yields. Adidas crashes 13% on profit warning.
Yokohama Mayor Yamanaka Admits Power Harassment; 7 Violations Confirmed July 30
Yokohama Mayor Takeharu Yamanaka apologizes after third-party probe confirms seven counts of workplace harassment, including calling staff ‘useless’ and ‘human scum,’ with 60% of surveyed employees witnessing abuse.
Fukuoka LDP Official Held Fundraiser During Magnitude 7 Earthquake on July 28
Fukuoka LDP leader Matsuo Toshiyaki held a 600-person political fundraiser on July 28, one hour after a magnitude 7 earthquake hit Kumamoto. The event included a comedian performance and cost 15,000 yen per attendee.
BMW Plans 8,000 Job Cuts by End of 2027 Amid China Slump
BMW to cut 8,000 jobs by end-2027 via voluntary redundancy program. Move targets admin and R&D roles in Germany as China sales plunge 30% and competition intensifies.
Fauci Invokes Fifth Amendment Over 100 Times in Senate Hearing on July 30
Dr. Fauci invoked the Fifth Amendment over 100 times during a Senate hearing on COVID-19 origins led by Sen. Rand Paul on July 29. The committee chair threatened contempt proceedings.
Chicago Mayor Signs Executive Order Tightening Gun Vendor Standards on July 29
Chicago Mayor Brandon Johnson signed an executive order Wednesday requiring gun dealers to disclose compliance records and prevent trafficking. The city has 90 days to develop new standards.
FIFA Plans $20B World Cup Sale; UEFA, Three Continents Oppose Stake Deal
FIFA proposes selling up to 21% of World Cup commercial rights to raise $4.2 billion. UEFA and three continental confederations representing 143 member associations oppose the plan, calling it an attempt to privatize football.
Rentokil (LON: RTO) Plunges 17% Despite Q2 Earnings Beat as Slowing U.S. Pest Demand Weighs on Outlook
Rentokil Initial shares plunged 17.1% on Thursday, July 30, 2026, despite beating quarterly profit estimates. Shares fell to 367.5 pence, their lowest level since September 29, 2025. The pest control giant reported second-quarter adjusted profit before tax of $459 million, ahead of the $442.7 million consensus. Yet weakening North American residential demand overshadowed the beat…
Adidas (ETR: ADSGn) Plunges 17% After Q2 Profit Misses Estimates Despite Record €6.74B Sales
Adidas shares plunged as much as 17.5% Thursday, its steepest drop in six years. The German sportswear maker posted record Q2 revenue of €6.74 billion. That figure beat estimates despite Adidas missing badly on operating profit. Operating profit rose just 5.1% to €574 million, below the €615.6 million forecast. Heavy marketing spending tied to the…