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Nike Stock Drops 4% to 12-Year Low Below $40 as Downgrades and Weak Sales Raise Turnaround Risks
Nike stock faced fresh selling pressure on August 17, 2026, falling about 4% and moving below the $40 mark. The shares touched around $38.85, their lowest level since 2014. Weak sales, softer footwear demand, and new analyst downgrades have added to concerns about Nike’s turnaround. Investors are now watching to see whether the sportswear giant…
Former DBS Chief Gupta Urges Singapore to Take Bigger Risks in Finance
Former DBS CEO Piyush Gupta warns Singapore’s financial sector must resist risk aversion and embrace innovation to stay competitive. He praised recent bold moves like EQDP and suggested exploring SGD-backed stablecoins.
Man, 37, Dies in Police Custody After Clayton Station Confrontation, August 18
A 37-year-old man died in police custody at Clayton railway station in Melbourne after armed confrontation on Sunday. Homicide Squad investigating under Professional Standards Command oversight.
Deutsche Telekom (ETR: DTE) Acquires Fiberhost and Inea for €1 Billion, Adding 300,000 Customers in Poland
Deutsche Telekom confirmed Monday, August 17, 2026, that it will acquire Poland’s Fiberhost and Inea for €1 billion. The deal, worth roughly $1.16 billion, transforms T-Mobile Polska into a fully converged telecom provider. Deutsche Telekom is buying both companies from Macquarie Asset Management. The transaction still requires customary Polish competition approval before closing. Deutsche Telekom’s…
Air Zermatt Breaks Rescue Record as Matterhorn Heat Wave Drives Surge in Emergency Calls
Air Zermatt reports record rescue operations on the Matterhorn this summer due to extreme heat, rockfall, and an influx of inexperienced climbers ignoring safety warnings.
Zaggle Prepaid Shares Crash 20% to Lower Circuit at ₹160.48 as Margins Shrink
Zaggle Prepaid shares came under heavy selling pressure on August 17, 2026, falling 20% to the lower circuit at ₹160.48. The sharp drop came after the company reported its Q1 FY27 results, which showed strong revenue growth but weaker profitability. Revenue increased 27.5% year on year to ₹423.26 crore, while net profit declined 32.9% to…
Japan’s 2 Million Yen Retirement Gap: What the Viral Claim Actually Meant
Japan’s 2 million yen retirement problem explained: what the FSA report really said about pension gaps, asset formation, and why the number doesn’t apply to everyone.
Swiss GDP Surges 1.5% in Q2 2026, Beating Forecasts by Threefold
Swiss GDP grew 1.5% in Q2 2026, triple analyst forecasts. Chemical and pharmaceutical exports exceeded 110 billion francs in the first half, driving the economy’s strongest recovery since 2021.
Mastercard Outage Halts Australian Payments on August 15, 2026
Mastercard’s scheduled system update triggered a global outage on August 15, 2026, leaving Australian shoppers unable to use tap-and-go payments. Services were restored by 4pm after 2,064 outage reports peaked at 3pm.