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Hormuz Crisis Escalates as US Airstrikes Strike Northern Iran, Ship Disabled During Blockade
The Hormuz crisis intensified on July 16, 2026, after the United States launched airstrikes in northern Iran and disabled a vessel while enforcing the Strait of Hormuz blockade. The latest military action has increased concerns about a wider regional conflict and possible disruptions to global energy supplies. With nearly one-fifth of the world’s oil moving…
Stocks in Focus: Wipro, Tech Mahindra Shares Mixed Ahead of Q1 FY2027 Earnings; Wipro +1.61%, Tech Mahindra +1.83%
Wipro stock and Tech Mahindra shares moved higher ahead of their Q1 results on July 16, 2026. Wipro stock gained 1.61%, while Tech Mahindra rose 1.83% in early trade. Both IT majors report earnings for the April-June 2026 quarter today. Wipro’s board meets after market hours, with Tech Mahindra following at 5:30 PM IST. Investors…
Air India Crash Probe Nears End as AAIB Completes Psychological Autopsy and Cockpit Voice Transcript
Air India’s fatal crash investigation has entered its final analysis phase. India’s Aircraft Accident Investigation Bureau confirmed this in a court filing dated July 14, 2026. The AAIB has completed a cockpit voice recorder transcript and a psychological autopsy. The Boeing 787 crash killed 260 people after takeoff from Ahmedabad on June 12, 2025. A…
Bank of Canada Holds Rate at 2.25% as Economy Rebounds, July 16
Bank of Canada holds overnight rate at 2.25% for sixth consecutive time. Governor Macklem says economy is rebounding but oil prices and trade tensions pose ongoing risks.
Hyundai Motor to Make Boston Dynamics a Wholly Owned Unit by Buying SoftBank Stake
Hyundai Motor Group is finalizing full ownership of Boston Dynamics this month. The automaker will buy SoftBank Group’s remaining 9.65% stake for $325 million. This move ends a multi-year ownership arrangement dating back to 2021. Hyundai originally paid $880 million for an 80% controlling stake that year. The deal values Boston Dynamics at a far…
ASX Midday: Telstra (ASX: TLS) Edges Higher as BHP (ASX: BHP) Drops Nearly 3% on $900M Iron Ore Project
ASX midday trading on July 16, 2026, showed a mixed picture across major sectors. Telstra edged higher, building on Wednesday’s close near $4.89. BHP fell nearly 3% after unveiling a $900 million iron ore investment. The S&P/ASX 200 stayed roughly flat, down 0.3% in early Asia-Pacific trading. This ASX midday session highlights how commodity spending…
Singapore AGO Flags S$25M in HDB Parking Lapses, 136 Audit Findings on July 15
Singapore’s AGO report flags S$25M in HDB parking lapses and 136 audit findings across government agencies. HDB, MOM, and MOH face major governance issues.
Costco Opens 7 Warehouses in August as Expansion Accelerates
Costco plans to open 7 new warehouses in August across Albany, Oconomowoc, Otsego, Mansfield, Celina, Stone Mountain, and Lee’s Summit as part of its 26-store 2026 expansion.
Nichirei Cyberattack Crushes 2871.T Stock 8.2% as KFC Japan Faces Closures
Nichirei stock plunges 8.2% after cyberattack disrupts frozen food logistics across Japan. KFC Japan warns of possible store closures and menu cuts due to supply chain breakdown.