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Recycling Plastics Australia Collapses Into Administration, 60 Jobs at Risk
Recycling Plastics Australia enters voluntary administration after supplier insolvency. 60 jobs at risk. Company received $20M federal grant in 2024 to process soft plastics.
US Strikes Iran’s Larak Island; Oil Jumps Above $90 on August 31
U.S. forces struck two Iranian rocket launchers on Larak Island on August 31, the first attack in weeks. Iran fired back with missiles at Jordan bases and drones at UAE targets. Brent crude jumped 2.7% to $90.49.
Tom Begich Drops Alaska Governor Race, Backs Democrat Rival on August 29
Tom Begich suspends Alaska governor campaign after finishing second in primary, endorses Democrat Jonathan Kreiss-Tomkins. Cook Political Report rates race likely Republican.
US Weighs 7.5% Tariff on China; Switzerland Could Be Hit Too
Washington considers 7.5% additional tariffs on Chinese goods over overcapacity claims. China opposes the move and threatens countermeasures. Switzerland may also face duties.
Itochu to Invest ¥250B in Dentsu Soken, Taking 38.2% Stake
Itochu to invest ¥250 billion for 38.2% stake in Dentsu Soken via tender offer. Move aims to resolve parent-subsidiary dual listing structure and expand Itochu’s IT segment.
Autodesk (ADSK) Stock Falls 4% Despite Q2 Earnings Beat as Fiscal 2027 Guidance Disappoints
Autodesk (ADSK) stock fell about 4% on August 28, 2026, even after the company beat Wall Street estimates in its fiscal second-quarter results. Autodesk posted $2.05 billion in revenue and $3.30 in adjusted EPS, both above expectations. Investors quickly turned their attention to the fiscal 2027 outlook. The strong Q2 numbers were not enough to…
Oil Flows Through Strait of Hormuz Recover to Two-Thirds of Pre-War Levels, Goldman Sachs Says
Goldman Sachs said Thursday that oil flows through the Strait of Hormuz have recovered to roughly two-thirds of pre-war levels. Total Gulf exports of crude and oil products have climbed to 15 million to 16 million barrels per day. Goldman Sachs said the recovery is limiting the Iran war’s overall impact on global crude prices….
Ola Electric Shares Jump 6% to ₹39.77 After Launch of S1Z Scooters With Bharat Cell Technology
Ola Electric shares jumped 6% to around ₹39.77 on Friday, August 28, 2026. The rally followed the launch of the S1Z, the company’s first mass-market scooter using its indigenous Bharat Cell LFP technology. Ola Electric aims the S1Z at India’s largest electric two-wheeler buying segment. What the S1Z Brings to Market The S1Z uses Ola…
SK Gas Tanker Pays Record $5.3 Million for Priority Transit Through Panama Canal
SK Gas paid a record $5.3 million to secure priority passage through the Panama Canal, the waterway’s deputy administrator confirmed Thursday, August 27, 2026. The South Korean company won the auction for its G. Spirit LPG tanker to transit northbound on September 1. This fee breaks the previous record of $4.6 million, set just two…