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QVC Exits Bankruptcy With $5B Debt Cut, Mike George Returns as CEO on August 7
QVC exits bankruptcy with $5 billion debt reduction and $600 million new credit facility. Former CEO Mike George returns to lead turnaround as company relists on Nasdaq under symbol QVCG.
Pentagon Awards $560M Loan to Sunrise Energy for World’s First Scandium Mine in NSW
Pentagon invests $560 million in Sunrise Energy Metals’ Syerston Scandium Project in NSW to counter China’s control of rare earth supply. Project targets aerospace and defence demand.
US Intelligence Warns Putin Could Test NATO With Limited Attack By 2029
US intelligence warns Putin may test NATO with limited attack or cyberattack between 2026 and 2029. Poland, Baltics at highest risk. NATO says it is ready to defend.
OCBC Lifts Interim Dividend to 47 Cents on Record August 2026 Profit
OCBC raises interim dividend to 47 cents after posting record S$4.19 billion first-half profit, driven by 27% surge in wealth management income to S$3.29 billion.
UK Parents Turn to Unsafe Feeding as Formula Prices Jump 45%, Study Finds
Swansea University study finds 40% of UK parents resort to unsafe infant formula practices as prices soar 45%. Nearly half fall into unmanageable debt; 10% shoplift formula.
Adani News: AdaniConneX and DE-CIX Launch Chennai Connectivity Hub for 1GW Data Centre
Adani Group’s data centre arm AdaniConneX has partnered with DE-CIX India to launch a new connectivity hub. The point of presence sits at AdaniConneX’s Chennai 1 data centre in the SIPCOT IT Park. This move supports the company’s broader target of building over 1 gigawatt of green data centre capacity nationwide by 2030. The partnership…
BofA Sentiment Gauge Reaches Most Bullish Level Since 2021, Warning of Market Risks
BofA sentiment among global fund managers has reached its most bullish level since 2021. The bank’s Bull & Bear Indicator rose to 9.4, marking its highest level in five years. That level sits well above the 8.0 threshold that triggers a contrarian sell signal. Cash holdings fell to 3.6% of assets, the lowest level since…
DBS Shares Hit $76.33 as CEO Tan Su Shan Drives Wealth Growth to $500B
DBS posts record S$3.08B Q2 profit, wealth AUM crosses S$500B milestone. Shares hit S$76.33 as CEO Tan Su Shan charts AI-driven strategy for Southeast Asia’s largest bank.
GOOGL Stock in Focus as Goldman Sachs Reaffirms Strong Buy Rating on Google
Goldman Sachs reaffirmed its Strong Buy rating on GOOGL stock this week, setting a $435 price target. That target implies roughly 21% upside from GOOG’s Thursday opening price of $360. Analyst Eric Sheridan cited disciplined AI spending and a growing backlog as key drivers. GOOGL stock remains in focus as investors weigh AI infrastructure costs…