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FTSE 100 Plunges 1.7% on July 8 as Trump Ends Iran Deal
FTSE 100 fell 1.7% to 10,489 points on July 8 after Trump ended Iran ceasefire talks. Oil jumped 5.4%, energy stocks rose, but miners and financials fell amid geopolitical uncertainty.
Air Canada Names Anko Van der Werff as New CEO on July 8, 2026
Air Canada names Anko Van der Werff, Scandinavian Airlines CEO with 25 years of aviation experience and fluency in French, as new leader starting January 2027.
Alibaba (9988.HK) Surges 12% on Cloud Revenue Growth Forecast—July 9
Alibaba (9988.HK) surged 12.2% to HK$107.5 on July 8 after reports of 45% Alibaba Cloud revenue growth forecast and improved Taobao Flash Sale efficiency, lifting the Hang Seng Tech Index 5%.
Rocket Lab Stock Jumps on $8B Iridium Deal and Morgan Stanley Bull Case—July 8
Rocket Lab to buy Iridium for $8B. Morgan Stanley sets bull target at $293. RKLB stock down 17% this week but up 115% over 12 months. Deal closes mid-2027.
Kalyan Jewellers Stock Bounces 5% on Citi Buy Rating Despite Q1 Miss
Kalyan Jewellers stock rebounds 5% to ₹374 on Citi’s Buy rating and ₹750 price target, signaling 111% upside despite Q1 revenue missing forecasts. Meyka grades the stock B+.
Swiss Doctors Threaten Strike Over New Salary Cap Starting January 2027
Swiss doctors threaten strike over new billing cap limiting them to 1,577 points per day starting January 2027. The measure aims to control healthcare costs.
Bank of Kochi Falls 2.5% as Zentoshin Bankruptcy Exposes ¥1.2B Loan Loss—July 9
Zentoshin bankruptcy with ¥115.2 billion debt hits 200,000 merchants and regional banks. Bank of Kochi discloses ¥1.2 billion loan exposure. Restaurants lose credit card processing, face cash-only crisis.
Australian Woman Arrested in US for Illegal Voting in 2022 and 2024 Elections
Australian woman Denise Nataly Migliore arrested after allegedly voting illegally in US federal elections by falsely claiming citizenship. Faces up to 5 years in prison and $250,000 fine.
Polymarket Iran Deal Ruling Sparks Lawsuit: Traders Lost 100,000 Shekels
Polymarket traders who lost significant sums are challenging the platform’s Iran deal resolution, claiming structural flaws allow outcomes to be decided contrary to written rules and factual reality.