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VW Cuts Half Its Lineup, China Sales Plunge 36.6% as CEO Seeks Plant Alternatives
Volkswagen slashes product lineup by 50% and cuts China deliveries 36.6% in Q2. CEO Oliver Blume seeks cost cuts without closing German plants amid EV sales decline.
Myanmar Assures ASEAN Aung San Suu Kyi in Good Health, July 13
Myanmar tells ASEAN that detained former leader Aung San Suu Kyi, 81, is in good health. ASEAN foreign ministers met Myanmar’s counterpart July 12 to push a stalled peace plan amid civil war.
MTY Food Group Closes 68 Restaurants, Papa Murphy’s Hit Hardest
MTY Food Group to close 68 restaurants including up to 50 Papa Murphy’s locations after Q2 earnings miss and 2.1% same-store sales decline. Stock drops 10.6%.
AT&T Gains $23B Spectrum Deal Edge as Dish Wireless Bankruptcy Stalls July 12
Dish Wireless bankruptcy ends the fourth carrier experiment. AT&T’s $23B spectrum deal accelerates 5G rollout with speeds up 80%. Tower companies seek discovery before asset auction.
Almada Water Crisis Deepens: Nightly Cuts Hit 11 Areas as Heatwave Strains Portugal
Almada municipality in Portugal imposes nightly water supply cuts across 11 areas as extreme heat drives consumption to record levels, disrupting tourism and commerce in the region.
Russia’s September Duma Election: Putin Party Support Slides as War Fatigue Grows
Russia’s September 2026 Duma election shows declining support for Putin’s United Russia party amid economic crisis, internet censorship, and war fatigue. Opposition politician Nadeshdin banned as foreign agent.
ENEOS Tops Mitsubishi Group Starting Salaries at ¥359,000 on July 12
ENEOS offers ¥359,000 starting salary, highest in Mitsubishi group. Global companies dominate top positions as firms compete for skilled graduates in energy, shipping, and IT sectors.
Hong Kong Banks Hike Fixed Deposit Rates to 7.88% in July 2026
Hong Kong banks boost fixed deposit rates in July 2026, with top offers reaching 7.88%. Bank of China, DBS, and digital banks compete for deposits amid Fed rate hike expectations.
Ohio Shuts Down 4 Fracking Waste Wells After Brine Spill Damages 50 Gas Wells
Ohio regulators shut down four injection wells after brine migration damaged 50 gas wells. One operator says he has lost money for seven years from contamination.