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SK Hynix Jumps 13% in Record $26.5B US Nasdaq Debut on July 10
SK Hynix raises $26.5B in record US IPO, jumps 13% on first day. Memory chip demand from AI boom drives historic debut, largest foreign listing ever.
Apollo Outbids Castlelake for easyJet at £7.15 Per Share, July 11
Apollo Global Management bids £5.7bn for easyJet at £7.15 per share, beating Castlelake’s £6.90 offer. EasyJet shares jump 16% as takeover battle intensifies.
Australia and Fiji Sign Defense Pact as New Zealand Weighs Joining July 10
Australia and Fiji signed a mutual defense treaty called the Ocean of Peace Alliance on July 6. New Zealand is considering joining. The pact commits Australia to spending US$690 million on Fiji’s infrastructure over 10 years.
Volkswagen Slashes 50% of Models, Cuts 100,000 Jobs by 2030—July 11
Volkswagen plans to slash 50% of its model range and cut 100,000 jobs by 2030 to combat falling profits and Chinese competition. The restructuring faces union opposition after supervisory board rejection on July 10.
SK Hynix Surges 13% in Historic $26.5B Nasdaq Debut on July 10
SK Hynix stock rises 13% to $168.01 in record $26.5B Nasdaq IPO, surpassing Alibaba’s 2014 listing. Chairman says AI demand is ‘enormous’ and customers want more chips than the company can supply.
Vedanta Oil & Gas Surges 8% After Delhi Court Orders $99M Award Release
Vedanta Oil & Gas stock surges 8% after Delhi High Court enforces $99 million arbitral award in Ravva oil field dispute. Government must release ₹450 crore in bank guarantees within 8 weeks.
DBS Launches S$10M Saturday Savings Plan: S$3 Off Eggs and Rice From July 18
DBS launches Saturday Savings programme with S$3 off eggs and rice at Sheng Siong and Giant supermarkets islandwide from July 18 to August 29 for all DBS and POSB cardholders.
XPeng Robotaxi Enters Employee Testing Phase as CEO Takes First Ride
XPeng begins employee testing of its robotaxi platform in Guangzhou. CEO He Xiaopeng completed the first ride, demonstrating the full service chain from hailing to destination.
BTS ‘Swim’ Hit With Copyright Lawsuit Over Demo Claims on July 8
Three songwriters sued HYBE on July 8, claiming BTS’s ‘Swim’ copied their demo. The lawsuit names Ryan Tedder and other co-writers. HYBE denies infringement and vows to fight in court.