Companies
Australian property developer Bathla enters administration amid market downturn
Bathla Group appoints administrators after citing a confluence of factors including weaker sales, policy changes and rising costs. Centuria Capital provided a A$4.5 million loan last month.
WOTSO FY26 results: coworking network expands to 40 sites, EBITDA rises 1%
Australian-New Zealand coworking operator WOTSO reported a 29% expansion to 40 locations in FY26, with underlying EBITDA up 1% to $10.12 million despite a 3% decline in NAV per security.
WOTSO FY26 results: coworking network doubles as margins narrow
Flexspace revenue rose 11% to AUD 35.28 million, but contribution margins fell 3% as startup sites weighed on profitability. Final distribution increased 24% to 2.80 cents per security.
Zoomcar, Uber integrate intercity rides in India via app partnership
Users in Bengaluru, Delhi NCR and Mumbai can now compare and book Zoomcar self-drive and Uber Intercity rides in one platform. Expansion planned to additional cities.
Tongcheng Travel posts 6.8% Q2 revenue rise as user growth slows
Second-quarter revenue increased to RMB 5.0 billion, but paying users fell 5.8% year-over-year amid softer domestic travel demand. Adjusted net profit rose 9.8% to RMB 850.9 million.
SciSparc unit files U.S. patent for MDMA combination therapy
NeuroThera Labs, a SciSparc subsidiary, submits a patent application covering MDMA paired with N-acylethanolamines for PTSD, anxiety and eating disorders. The filing follows FDA guidance on psychedelic drug trials.
Coreia do Sul pode adquirir participação na Westinghouse Electric
Autoridades europeias sugerem que a Coreia do Sul considere uma participação na empresa de energia nuclear.
Truist appoints Shirley Morejon as Tennessee regional president
Morejon, previously a Bank of America market executive, replaces Johnny Moore in the role as Truist expands commercial banking integration leadership.
Alpha Modus partners with Circle The Wagons to expand retail financial services
Partnership aims to deploy AI-driven retail platform ARIA and mobile financial service Alpha Cash across Circle The Wagons' supermarket network. Program targets eight active partners and two ARIA beta agreements within 12 months.
Powerus starts counter-drone production in Gulf region
U.S. firm begins manufacturing Guardian interceptors in GCC as part of partnership with regional defense manufacturer. Merger with Aureus Greenway Holdings expected to close in Q4 2026.
Japan plans tax breaks to spur non-core asset sales in governance push
Proposed deferral of 30% corporate tax on gains from divestitures aims to unlock inefficient capital and boost M&A aligned with core operations.
WestJet cabin crew approve 18% pay rise after strike threat
Flight attendants at WestJet secure over 18% wage increase over three years, ending a brief strike that disrupted hundreds of flights.
LPL Financial appoints Jonathan Lewis as chief technology officer
Lewis, previously at Wells Fargo and J.P. Morgan, will lead technology architecture, engineering and development at the $2.6 trillion brokerage firm.
JetBlue to open second BlueHouse lounge in Boston next week
New 12,000 sq ft BlueHouse lounge at Boston Logan International Airport opens Thursday, expanding JetBlue's premium airport hospitality. Complimentary access expands to Mint and Mint Flex fare customers.
JetBlue opens second BlueHouse lounge at Boston Logan Airport
New 1,115 sqm lounge expands free access to Mint fare travelers, while Mosaic 1-3 members and cardholders can buy single-entry passes from $59. JBLU shares rise 3.16%.
U.S. and Canada continue trade talks amid fairness push
Vice President JD Vance says negotiations with Canada remain active as Washington seeks balanced terms. Remarks made during Maine event highlight ongoing disputes over trade demands.
Reitar, Smart Pointer launch HK$120m cold-chain venture in Hong Kong
Joint venture combines Reitar’s logistics tech with Smart Pointer’s cold-storage network to serve food, retail and e-commerce clients across Hong Kong and the Greater Bay Area for five years.
Thames Water secures £667m in new funding, total facility reaches £3bn
Thames Water has secured £667 million in additional funding commitments, bringing its super senior facility to £3 billion as part of ongoing financial restructuring efforts.
Reitar forms HK$120 million cold chain joint venture in Hong Kong
The deal combines Reitar’s logistics technology with Smart Pointer’s cold storage expertise. The venture targets temperature-controlled supply chains across food, retail and e-commerce.
Thames Water secures £667 mln in new financing commitments
Utility raises total super senior facility to £3 billion with £2.25 billion already disbursed. New tranche subject to creditor approvals with drawdowns planned for August and September.
Taiwan indicts Nvidia manager in AI chip smuggling case
A senior Nvidia Corp. manager is among nine individuals charged over the illegal export of high-end AI servers to China. Taiwanese authorities allege the group colluded to bypass trade restrictions.
Ashland unveils oral drug enhancer to target GLP-1, diabetes therapies
New intestinal permeation enhancer aims to support oral alternatives to injectable treatments, including GLP-1 agonists and metabolic disorder drugs. Product designed for scalability and formulation consistency in tablet manufacturing.
Ashland launches sodium caprate excipient to boost oral drug absorption
Specialty chemicals firm Ashland introduces permexa sodium caprate to enhance intestinal absorption of oral peptides and low-permeability drugs, targeting GLP-1 and metabolic therapies.
Electrica signs contract for natural gas cogeneration plant
The agreement covers the development and operation of a natural gas cogeneration facility.