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South Indian Bank MD Appointment: Mahesh Pai Gets RBI Nod, Stock Falls 9%
RBI approves Mahesh Muralidhar Pai as South Indian Bank MD & CEO from October 1, 2026. Stock tumbles 9% despite leadership transition. Board approval scheduled July 16.
Fukoku Life Insurance Fraud: Two Ex-Employees Arrested for ¥1.25M Scam—July 10
Two ex-Fukoku Life Insurance employees arrested for defrauding the company of ¥1.25 million by forging medical records and filing false surgery claims. Internal audit triggered police investigation.
Malton Hospital Fire: 15 Patients Evacuated, Building Destroyed—July 9
Fire at Malton Hospital in North Yorkshire evacuated 15 patients and destroyed the Springwood unit building on July 8. Hospital remains closed; no injuries reported.
Apple Supplier Luxshare (SZSE: 002475) Falls 9.6% After HK$24.27 Billion Hong Kong IPO Debut
Luxshare Precision Industry, one of Apple’s largest suppliers, got off to a disappointing start on the Hong Kong Stock Exchange despite completing the city’s biggest IPO of 2026. On 9 July 2026, the company raised HK$24.27 billion, but its shares dropped as much as 9.6% on the first day of trading. The sharp decline caught…
UK Police Launch International Manhunt for Mark Tshuma After Family Found Dead in Bedford—July 9
UK police name Mark Tshuma, 45, as suspect in triple murder after wife and two daughters found dead in Bedford home. Suspect fled to Zimbabwe on Saturday via Heathrow Airport.
Pasadena Doctor’s Attempted Murder Charges Dismissed After Mental Health Program—July 9
Pasadena radiologist Dharmesh Patel’s attempted murder charges dismissed after completing mental health diversion program. All four family members survived the 250-foot cliff crash in January 2023.
Xiaomi (HK:1810) Unveils Sky Nomad SUV Series, Expanding EV Lineup With Extended-Range Hybrid Models
Xiaomi is making another move in the electric vehicle market. On 9 July 2026, the company introduced its new Sky Nomad SUV series, entering the extended-range electric vehicle (EREV) segment for the first time. The launch expands Xiaomi’s automotive range beyond fully electric models and targets drivers who want extra range without relying entirely on…
Trump Seeks Supreme Court Rehearing on Birthright Citizenship—July 9, 2026
Trump plans to ask the Supreme Court to rehear its June 30 birthright citizenship ruling that struck down his executive order. The court has rarely granted such requests in modern history.
MOH Probes LC Nursing Home CEO Over Non-Disclosure of 2004 Misconduct—July 9
MOH investigates LC Nursing Home founder Chia Yang Pong for allegedly failing to disclose 2004 disciplinary actions during licence application. Nursing home faces licence revocation on November 23.