Exclusive: Cambridge University backtracks on divesting from arms companies
The University of Cambridge has backtracked on a move towards divesting from all weapons companies, Middle East Eye can reveal.
· Middleeasteye
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Newest first · UTC+11:00Disney earnings boosted by ‘Toy Story 5’, theme parks — and new CEO strikes deal with TikTok
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· Reuters
Abu Dhabi's IHC posts more than 200% jump in second quarter profit to $3.5bn | The National
Abu Dhabi’s International Holding Company posted a 220 per cent surge in second-quarter profit to Dh12.8 billion ($3.5 billion), boosted by a sharp increase in energy and mining revenue as the conglomerate expanded its global investment footprint.
· Alvin R Cabral
Nearly 1,500 properties bought using Australia’s first home buyers' 5% deposit scheme converted into investments
New data shows the federal government scheme has been used by high-income borrowers, including one couple earning an annual $674,000
· Luca Ittimani
‘Just an easy cash grab’: why Jetstar is charging customers for carry-on luggage
Add-on fees such as the new overhead locker baggage charge can make it harder to compare air fares, experts say
· Catie Mcleod, Jonathan Barrett
The RBA says rate rises don’t really increase living costs. But the data is clear – they very much do | Greg Jericho
The latest cost of living figures show interest rate rises are having an impact on household costs, despite what the central bank says
· Greg Jericho
Inflation’s next victim? The dreaded ‘friend zone’ that hopeful daters never want to be
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· Andrea Palladino
Into the woods! Big Apple business exodus leaves Upstate brokers scurrying to meet ‘snowballing’ demand
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· Rob LeDonne
AI-designed fashion gives boost to Japan apparel giant World
Both the garments and the models in World's OO line were designed by generative AI. (World)
· Staff Writer
Hong Kong urged to be ‘super partner’ in businesses’ overseas expansion push
Chinese General Chamber of Commerce chief Jonathan Choi says city should invest and operate abroad, while urging annual review of first five-year plan
· Ambrose Li
Hong Kong urged to be ‘super partner’ in businesses’ overseas expansion push
Chinese General Chamber of Commerce chief Jonathan Choi says city should invest and operate abroad, while urging annual review of first five-year plan
· Ambrose Li
Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says
Bank of America spends more than $250 million a year covering GLP-1 weight loss drugs for its employees, CEO Brian Moynihan told CNBC on Wednesday, saying the rapidly rising cost is a worthwhile investment in his workforce.
· Hugh Son
SpaceX shares tank 10% as jaw-dropping AI spending jump spooks investors
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· Taylor Herzlich
US Services Surveys Signal Rebound In Growth In July, But...
Following the mixed picture from yesterday's Manufacturing surveys (ISM 4 year high, S&P Global 3 mo low driven by the bifurcated 'AI vs The Rest' economy), this morning's Services sector surveys were 'expected' to show the opposite (ISM down, S&P Global up) all in the face of fading hard data.
· Tyler Durden
LIV Golf CEO confirms major investment as league seeks $300 million lifeline
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· Mark Cannizzaro
Not just upheaval: AI could deliver $120b boost and more jobs
Artificial intelligence could deliver the national economy a desperately needed productivity boost worth almost $120 billion and support the creation of tens of thousands of jobs, a nation-leading analysis has found.
· Shane Wright
Toyota aims for 2027 global output of 10.5m vehicles on hybrid demand
Toyota's RAV4, a compact sport utility vehicle, is one of the automaker's popular models. (Photo by Azusa Kawakami)
· Staff Writer
Chinese netizens mock US blacklisting of food brands over forced-labour claims
The latest batch of Washington’s import restrictions – targeting snack firms – is creating quite a stir among China’s social media users
· Alice Li
Chinese netizens mock US blacklisting of food brands over forced-labour claims
The latest batch of Washington’s import restrictions – targeting snack firms – is creating quite a stir among China’s social media users
· Alice Li
Can I use my 401(k) to pay off student loans? What to know before withdrawing
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· Will Kenton
China jails retired defence tech overseer for 10 years in US$6.3m corruption case
Zhang Jianhua used his influence in and out of office to help third parties with approvals and investment
· Dannie Peng
China jails retired defence tech overseer for 10 years in US$6.3m corruption case
Zhang Jianhua used his influence in and out of office to help third parties with approvals and investment
· Dannie Peng
Food Expo vendors hoping for tasty profits with caviar sake gelato, other new products
Abalone for HK$1, handcrafted caviar mooncakes and discounted coffee and milk tea packs among products at next week’s Food Expo
· Emily Hung
Food Expo vendors hoping for tasty profits with caviar sake gelato, other new products
Abalone for HK$1, handcrafted caviar mooncakes and discounted coffee and milk tea packs among products at next week’s Food Expo
· Emily Hung
Summer heat and a Bangladeshi jute market: photos of the day – Wednesday
View image in fullscreenKyiv, UkraineA logistics warehouse ablaze after a Russian missile strikePhotograph: Kostiantyn Liberov/Getty ImagesShareView image in fullscreenKyiv, UkraineSmoke hangs over the outskirts of the city after a Russian missile bombardmentPhotograph: Kostiantyn Liberov/Getty ImagesShareView image…
Treasury Refunding: No Change To Auction Sizes As Bessent Deepens Reliance On Short-Term Debt
For yet another quarter, the Treasury's Quarterly Refunding offered no surprises, which considering the state of the US bond market is probably not a bad thing.
· Tyler Durden
Disputes over AI, robotics, trade mount ahead of planned Xi-Trump summit in US
Tech and trade rifts and forced labour claims test US-China cooperation ahead of Xi Jinping’s planned visit to Washington in September
· Sylvia Ma
Disputes over AI, robotics, trade mount ahead of planned Xi-Trump summit in US
Tech and trade rifts and forced labour claims test US-China cooperation ahead of Xi Jinping’s planned visit to Washington in September
· Sylvia Ma
Abalos meets business leaders, pushes greater ease of doing business
MANILA, Philippines — Cabinet Secretary Benhur Abalos Jr. has assured the local business community of strengthening the implementation of the Ease of Doing Business law in line with the Marcos' administration's push for faster government services. and a more business-friendly Philippines.
· The Manila Times
"Hiring Patterns Are Changing": ADP Reports Weakest Job Gains In 6 Months, But...
Following a weaker than expected JOLTS report, but better than expected ISM employment data, ADP reports today (ahead of Friday's payrolls report) that the US economy added only 44k jobs in July (below the 65k expected and the lowest since January) after a revised 95k increase in the prior month...
· Tyler Durden
Chinese and Western firms are teaming up even as governments fight
To survive trade restrictions and regulatory barriers, companies on both sides are turning to joint ventures
· Bob Savic
Chinese and Western firms are teaming up even as governments fight
To survive trade restrictions and regulatory barriers, companies on both sides are turning to joint ventures
· Bob Savic
Dubai Police shut down 103 rogue social media accounts under cyber crackdown | The National
Dubai recorded a drop in cyber crime, financial fraud and economic crime in the first half of 2026, police said.
· The National
Brent Bounces As Houthis Attack, Sink Vessel Off Yemen With Sea Drone
The Houthis have quickly made good on their earlier threat, with the United Kingdom Maritime Trade Operations (UKMTO) Centre having reported the following fresh attack off Yemen:
· Tyler Durden
Putin signs crypto bill
Russian President Vladimir Putin has signed a landmark law legalizing cryptocurrency trading, which will be regulated as part of the country’s financial system.
· RT
Private companies added just 44,000 workers in July, below expectations, ADP reports
Hiring at private companies slowed considerably in July, with most of the job growth coming health care, payrolls processing firm ADP reported Wednesday.
· Jeff Cox
Fed's Kashkari says 'now is the time to start slowly moving' rates up
Minneapolis Federal Reserve President Neel Kashkari said Wednesday that he thinks higher interest rates are needed now to bring down inflation and avoid more drastic increases later.
· Jeff Cox
UAE mobility company Moove valued at $2.1bn after Mubadala-led fundraising | The National
UAE mobility firm Moove has been valued at $2.1 billion after a $250 million funding round led by Abu Dhabi's Mubadala Investment Company, boosting its expansion plans amid the growth of autonomous services in the Emirates.
· Alvin R Cabral
Saudi wealth fund and Jared Kushner's Affinity finalize $55 billion EA Sports deal
A consortium led by the Public Investment Fund of Saudi Arabia has announced the completion of the $55 billion acquisition of video games maker Electronic Arts.
· Joseph Wilkins
High Court freezes Finance Committee budget transfers over procedural flaws
The High Court of Justice on Wednesday temporarily froze nearly all budget transfers approved by the Knesset Finance Committee a day earlier, citing apparent procedural flaws in the committee’s election-recess meeting.
· SARAH BEN-NUN, KESHET NEEV
Hong Kong woman swindles landlords out of HK$4.3m in crypto investment scam
67-year-old posed as a prospective tenant, paying rent upfront to gain landlords’ trust, before tricking them into a bogus scheme
· Danny Mok
Hong Kong woman swindles landlords out of HK$4.3m in crypto investment scam
67-year-old posed as a prospective tenant, paying rent upfront to gain landlords’ trust, before tricking them into a bogus scheme
· Danny Mok
Disney signs deal to let TikTok users add film extracts
PARIS — The Walt Disney Co. said Wednesday that it had signed a deal with TikTok allowing users of the hugely popular video platform to add extracts of Disney films and characters, in what it billed a "first-of-its-kind agreement."
· The Manila Times
Daily turnover of single-stock leveraged ETFs falls below 1 tln won after curbs
Average daily transactions in 16 single-stock leveraged exchange-traded funds fell below 1 trillion won ($701 million) on Wednesday, data showed, after authorities took steps to curb the investment products blamed for recent market volatility.
· Yonhap
Copper floods US as traders try to get the jump on Trump tariffs, but ‘Taco’ trend looms
Traders ship more than 200,000 tonnes of the industrial metal into American ports in July to front-load anticipated levies, as fears of policy reversal persist
· Emma Ma
Copper floods US as traders try to get the jump on Trump tariffs, but ‘Taco’ trend looms
Traders ship more than 200,000 tonnes of the industrial metal into American ports in July to front-load anticipated levies, as fears of policy reversal persist
· Emma Ma
Daily turnover of single-stock leveraged ETFs falls below 1 tln won after curbs
SEOUL, Aug. 5 (Yonhap) -- Average daily transactions in 16 single-stock leveraged exchange-traded funds (ETFs) fell below 1 trillion won (US$701 million) on Wednesday, data showed, after authorities took steps to curb the investment products blamed for recent market volatility.
· Deok-Hyun Kim
BOJ board split over JGB buying at June meeting
The Bank of Japan’s policy board was divided at its June 15-16 meeting over whether to stop reducing its government bond purchases, minutes of the meeting showed Wednesday.
· No Author
Uber issues weaker-than-expected bookings, earnings forecasts for third quarter
Uber issued a forecast for bookings and earnings that trailed analysts' estimates, while second-quarter profit was in line with expectations.
· Lora Kolodny
Peninsula group to renovate Hong Kong flagship, Tokyo hotel in US$268m project
No timeline has been set, but the operator says it will minimise disruption while preserving the heritage of its iconic Hong Kong hotel
· Peggy Ye