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ATO Alleges Adgemis Companies Claimed $1B in Fake Expenses, Pocketed $78M in GST Refunds
ATO alleges Jon Adgemis’ JAGA Group Constructions claimed $1.05 billion in fake expenses and received $78 million in GST refunds between March 2021 and July 2024 during Federal Court examination.
O’Hare Cancels 302 Flights as Thunderstorms Trigger Back-to-Back Ground Stops
FAA ground stops at O’Hare on August 9 and 10 caused 302 flight cancellations and 600+ delays. United Airlines canceled five times more flights than American due to its 48% seat share at the hub.
O’Hare Sets Global Delay Record as Thunderstorms Trigger Back-to-Back Ground Stops
FAA ground stops at Chicago O’Hare on August 9-10 due to thunderstorms triggered 450 delays and 168 arrival cancellations. United Airlines hit hardest with 48% of airport seats.
Intel (NASDAQ: INTC) Upsizes Stock Offering to $20 Billion at $95 a Share, Stock Gains 1% Premarket
Intel Corporation priced an upsized $20 billion common stock offering on August 11, 2026. The chipmaker sold 210,526,315 shares at $95 per share, up from an initial $15 billion target announced Monday. Intel shares gained about 1% in premarket trading Tuesday, recovering after Monday’s 4% drop. The deal reflects surging demand for Intel’s foundry buildout…
Trump Cuts Childhood Vaccine Schedule to 11 Diseases, Splits MMR Shot
Trump signs executive order reducing childhood vaccines from 18 to 11 diseases and splitting MMR into three separate shots. Medical experts warn of increased disease risk and missed appointments.
BSE (NSE: BSE) to Replace Wipro (NSE: WIPRO) in NIFTY50 From September 30, 2026
BSE Ltd will replace Wipro Ltd in the benchmark Nifty 50 index from September 30, 2026. NSE Indices announced the change on Monday, August 10, 2026, following its latest semi-annual review. BSE’s six-month average free-float market capitalization stood at ₹1,40,879 crore, far exceeding Wipro’s ₹55,930 crore. BSE shares rallied 4% on Monday in anticipation, closing…
Scottish Housebuilders Collapse Into Administration With Homes Unfinished, August 11
Three Scottish housebuilders collapsed into administration in 2026, leaving 35+ homes incomplete and owing over £8.5m. Buyers face delays; creditors expect significant losses.
Trump Shifts to Economic Pressure on Iran as Strait Talks Stall, August 11
Trump says US is ‘low-keying’ Iran conflict, relying on economic pressure and naval blockade instead of military strikes. Compensation demands stall Strait of Hormuz reopening talks.
Australia’s 2026 Census on August 11: FIFO Workers Face Undercount Risk
Australia’s August 11 census risks undercounting FIFO workers in mining regions. The ABS surveys 10.8 million households, but remote workers may fall through the cracks, affecting service planning and funding allocation.