Business

Odd Lots: Brad Setser on the US’s Yen Intervention (Podcast)

Last week, the US joined forces with Japan to try to stop the yen’s slide. It’s the first time the two sides have intervened in the Japanese currency in 15 years, and in many ways it was an unprecedented and unusual move, with Treasury…

Beijing flips the script on the U.S. tech war — and tests the truce weeks before Xi's visit

Beijing flips the script on the U.S. tech war — and tests the truce weeks before Xi's visit

China unleashed its broadest package of trade countermeasures since last October's trade truce, pushing back against a string of recent U.S. restrictions.

Trump administration refunds $100 billion in tariffs struck down by US Supreme Court

Times of India

Trump administration refunds $100 billion in tariffs struck down by US Supreme Court

In a significant move, the Trump administration has reimbursed nearly one hundred billion dollars in tariffs after the Supreme Court ruled against wide-ranging duties. By July, around sixty percent of these tariffs were refunded to…

Times of India

'Reasonable' to Allocate in US Given Earnings, Wytenus Says

Erik Wytenus, EMEA head of investment strategy at JPMorgan Private Bank, says robust earnings make it "reasonable to continue to allocate to a healthy degree to the US." He speaks on Bloomberg Television. (Source: Bloomberg)

TASS

Murmansk University comments on testing of stratospheric platform for Arctic research

The experiment would be environmentally safe, the university stressed

TASS

Philippine Daily Inquirer

Folding space: How Samsung’s new foldables redefine screen time

Philippine Daily Inquirer

Folding space: How Samsung’s new foldables redefine screen time

Through eight years of continuous innovation, Samsung’s latest lineup proves that choosing a foldable no longer requires compromising on durability, flagship performance, or camera quality. Samsung now has three foldable phones in their…

Nintendo tops estimates with strong games and tariff refunds

Nintendo tops estimates with strong games and tariff refunds

The Kyoto-based company posted net income of ¥147.4 billion for the June quarter, compared with an analyst consensus estimate of ¥77.8 billion.

Starbucks Korea raided by police after ‘Tank Day’ campaign sparks public outrage

The Guardian

Starbucks Korea raided by police after ‘Tank Day’ campaign sparks public outrage

Coffee chain faced backlash over marketing promotion tied to anniversary of Gwangju massacre South Korean police have raided the headquarters of Starbucks Korea as part of an investigation into a marketing campaign accused of trivialising…

The Guardian

Nintendo's fiscal first-quarter profit and revenue beat estimates, despite Switch 2 sales slump

Nintendo's fiscal first-quarter profit and revenue beat estimates, despite Switch 2 sales slump

Nintendo reported fiscal first-quarter earnings Thursday.

SoftBank beats profit expectations as chip bets compensate for muted AI gains

SoftBank beats profit expectations as chip bets compensate for muted AI gains

The Tokyo-based technology investor's net income fell 18% to ¥347.3 billion in its fiscal first quarter, compared with a market estimate of about ¥166 billion.

Safaricom Ethiopia Races Toward Breakeven With 14.7 Million Customers

Safaricom Ethiopia Races Toward Breakeven With 14.7 Million Customers

Safaricom Ethiopia reached 14.7 million active customers in the June quarter, up 46% year on year, as losses halve and EBITDA breakeven nears for FY27. The post Safaricom Ethiopia Races Toward Breakeven With 14.7 Million Customers appeared…

Chinese Belt and Road Investment in Africa Hits Record US$33.5 Billion

Chinese Belt and Road Investment in Africa Hits Record US$33.5 Billion

Chinese Belt and Road investment in Africa surged 254% to a record US$33.5 billion in the first half of 2026, with Ethiopia and Egypt the top destinations. The post Chinese Belt and Road Investment in Africa Hits Record US$33.5 Billion…