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Costco Canada Recalls Alfa Croissants Over Mould Risk on August 5
Costco Canada recalls Alfa Croissants 24-packs due to mould risk in lot codes 10726 and 08626. Affected products sold June-July 2026 at Costco Business Centres. Full refunds available.
Jetstar Charges Up to A$52 for Overhead Bags From February 2027
Jetstar will charge A$25 to A$52 for overhead baggage from February 2027. Under-seat bags remain free. The budget airline is removing its 7kg weight limit and no longer weighing bags at the gate.
Sports Entertainment Group Takes Over Giants Super Netball Licence From October 1
SEG acquires Giants Super Netball licence from Netball NSW, effective October 1, 2026. The company now owns two Super Netball franchises alongside Melbourne Mavericks, ending football codes’ involvement in the league.
Beazley (LSE: BEZ) Profit Falls 53% Ahead of £8.1B Zurich Takeover; Shareholders to Receive £13.35 Per Share
Beazley posted a 53% drop in first-half pretax profit on August 5, 2026. The London-based specialty insurer generated $237.7 million, down from $502.5 million last year. Despite the earnings decline, shareholders await a recommended £8.1 billion takeover by Zurich Insurance Group. Under agreed terms, investors receive £13.35 per share before the transaction closes later this…
Suncor Energy Inc. Reports C$3.7 Billion Profit on Strong Refining Performance
On August 4, 2026, Suncor Energy Inc. reported a quarterly profit of C$3.7 billion, beating market expectations even as oil production declined. The company’s refining business delivered record results and made up for maintenance-related disruptions at its oil sands operations. The quarter showed how strong refining margins can support earnings when upstream production slows. So,…
Polymarket Targets $20 Billion Valuation in New $1 Billion Funding Round
Polymarket is in early talks to raise about $1 billion at a valuation exceeding $20 billion, Bloomberg reported on August 4, 2026. The prediction market platform closed its previous round in April at a $15 billion valuation, backed partly by a $600 million investment from Intercontinental Exchange, parent of the New York Stock Exchange. The…
Taiwan Launches Major Raids in High-Tech Talent Recruitment Investigation
On August 5, 2026, Taiwan began one of its largest investigations into suspected illegal recruitment of high-tech professionals by Chinese companies. Authorities searched dozens of locations and questioned more than 100 people during a nationwide operation. The action comes as Taiwan steps up efforts to protect its semiconductor expertise, one of the country’s strongest economic…
SpaceX Stock Drops 7% After Q2 Earnings Beat as AI Spending Soars
SpaceX stock fell 7% after reporting Q2 revenue of $7.8B, up 92% YoY, but capital expenditures jumped to $18.4B as the company pursues AI infrastructure investments.
Lufthansa Stock Plunges 8.2% as Q2 Profit Crashes 88% on Fuel Costs
Lufthansa Q2 profit collapsed 88% to €123M due to €750M fuel cost surge and strikes. Stock fell 8.2%. Airline raises fees on seats and baggage to recover losses.