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The Houthis of Yemen are disrupting vital shipping in the Red Sea. Saudi Arabia is now forming a naval coalition to break their grip on this key route. This move shows how the nation got serious about protecting commercial traffic, as many ships currently face threats in these busy waters.
Disney reports fiscal third-quarter earnings this Wednesday. Investors will watch the streaming and theme parks business closely after recent layoffs. Analysts expect earnings per share of $1.86 and revenue of $25.40 billion. Many want to see how CEO Josh D’Amaro’s growth strategy and current economic conditions affect the company’s performance.
McDonald's named Skye Anderson to lead its U.S. business on Tuesday. Anderson, a company veteran of 26 years, will oversee nearly 14,000 restaurants. She replaces Joe Erlinger as the firm faces disappointing quarterly results. CEO Chris Kempczinski said, "We don't have a strategy problem," noting they simply missed their execution goals.
The 300MW Balakot Hydropower Project faces strong opposition over its high cost and take-or-pay structure. During a Nepra hearing on Tuesday, stakeholders argued the project should be a strategic initiative. They said, "electricity should serve local industry and consumers," rather than imposing a high tariff on the national grid.
Singapore collected 5.5 million drink containers under the Beverage Container Return Scheme since Apr 1. Senior Minister of State Janil Puthucheary said, "We expect this number to grow as more BCRS-labelled products enter the market." People get a S$0.10 refund for returning plastic or metal bottles at special vending machines.
D&L Industries Inc. expects a stronger second half after profits grew in the first half of 2026. President Alvin D. Lao said, “In the last couple of weeks, the traffic seems to have returned.” Lower coconut oil prices and recovering consumer spending helped the firm reach a positive inflection point.
UK banks reported £29.2bn in profits over the first six months of the year. Campaigners now want Andy Burnham to use a windfall tax on these earnings to help families. Paul Nowak said, “Banks can easily afford to pay more tax.” The government has not yet decided on this plan.
Goldman Sachs updated its top European stock picks for August, highlighting two companies with over 100% upside potential. Analysts said Ceres Power could deliver a 168% upside, while Rheinmetall shows a 102% gain. Despite recent market jitters, the bank sees these as attractive entry points for investors seeking long-term growth.
A US jury said Medtronic owes $88 million after a trial over Covidien’s hernia mesh. Jurors found the company failed to warn about dangers from a mesh implanted in Larry Patterson in 2017. "This is a very substantial verdict, but it reflects very substantial damages," said lawyer Timothy O'Brien.
A U.S. appeals court on Tuesday overturned a win for Jack Daniel's in a trademark dispute over a "Bad Spaniels" dog toy. The court said the toy is a parody and would not harm the brand. Attorney Ben Cooper said, "VIP Products is delighted by the Ninth Circuit’s recognition."
American CryptoFed withdrew its registration for the 10 trillion Locke tokens on Aug. 3. The group pulled the filing after the SEC found failures in its disclosure documents. The organization wants to replace the current banking system with a token-based model, but it now lacks a clear path forward.
US President Donald Trump will do everything possible to help FIFA president Gianni Infantino. A senior admin official said, “The president likes him a lot. I am sure the president will do everything possible to help him.” Infantino faces pressure as many associations withdrew support following controversial investment plans.
U.S. President Donald Trump said his administration had "very good discussions" with Iran during all-day negotiations on Tuesday. Oil prices fell and stocks jumped on Wednesday as hopes grew for a deal to reopen the Strait of Hormuz. Trump said, "The Strait of Hormuz is going to be open very soon."