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Nintendo’s Palworld Patent Rejected by Japan Office on July 18
Japan Patent Office rejects Nintendo’s touchscreen monster-catching patent, citing 2013 fan game as prior art. The ruling complicates Nintendo’s legal battle with Palworld over patent infringement.
Gulf States Build Pipelines to Bypass Strait of Hormuz as Iran Blocks Oil Route
Gulf nations are building pipelines and ports to bypass the Strait of Hormuz after Iranian attacks disrupted oil exports. Saudi Arabia, UAE, and Iraq plan projects that could carry 14 million barrels per day by 2028.
Dollar Tree Closes 75 Stores, Admits Over One-Third Are Substandard
Dollar Tree plans to close 75 stores in 2026 and admits less than one-third of its 9,400 locations are substandard. The company is opening 400 new stores as part of a modernization strategy.
Dollar Tree Closes 75 Stores, Admits Thousands Are ‘Substandard’
Dollar Tree plans to close 75 stores in 2026 while opening 400 new locations. CEO says less than one-third of stores still miss internal standards, down from 42% earlier in the year.
Iran’s Hardliners Accuse Leaders of ‘Coup’ as US Truce Collapses July 18
Iran’s hardliners warn of a coup after the US-Iran ceasefire collapses. Two US service members killed in Jordan as both sides resume strikes and suspend the peace agreement.
Kafka Apparel Maker Files for Bankruptcy With ¥3 Billion in Debt
Kafka, a women’s and children’s clothing OEM manufacturer in Aichi, Japan, filed for bankruptcy on July 17 with approximately ¥3 billion in liabilities. The company struggled with inventory costs despite strong revenue.
Showa Holdings Faces Restructuring as Tokyo Court Approves Receivership on July 17
Showa Holdings (5103.T) enters restructuring after losing control of six subsidiaries and key corporate assets. Stock down 66% in one year. Tokyo court approves receivership petition July 17.
Apple Raises iPhone Prices in Japan by Up to 11% on July 18
Apple raised iPhone prices in Japan by up to 11.3% on July 18 due to yen depreciation. iPhone 17 Pro Max jumped ¥20,000 to ¥214,800. The move comes as memory costs squeeze margins globally.
U.S. Strikes Iran for 7th Night as Bridges Fall, Oil Hits $86
U.S. Central Command launched its seventh straight night of strikes on Iran, hitting bridges and port infrastructure. Iran retaliated against Gulf allies. Oil rose above $86 a barrel as Strait of Hormuz shipping hit a three-week low.