Business

South Africa Used Car Market Shifts Toward Affordable Chinese EVs

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Rising repair bills and tight budgets are pushing more South Africans to sell damaged cars rather than fix them, says

South Africa’s secondary automotive market is continuing to show resilience despite economic pressure, with affordability now dictating buying decisions more than traditional brand loyalty. According to AutoTrader CEO George Mienie, consumers continue to buy and sell vehicles because the country’s transport realities leave many with little alternative. Affordability Reshapes South Africa’s Used Car Market Mienie … Read more

Jabal Omar Development Reports 16 Percent Revenue Growth in First Half 2026

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Jabal Omar Development Reports 16 Percent Revenue Growth in First Half 2026

Major Saudi Arabian corporations, including Jabal Omar Development, solutions by stc, and stc Group, reported financial results for the first half of 2026, driven by higher hospitality revenues, expanding digital infrastructure, and rising subscriber numbers across domestic markets. First-half financial disclosures across major Saudi enterprises reveal a market balancing operational expansion with steady revenue growth. … Read more

Lenzing Investors Face 45.47 Percent Loss Over Three-Year Period

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Investors who purchased Lenzing shares three years ago face a steep 45.47 percent loss as of July 31, 2026. A 1,000-euro investment made on the Vienna Stock Exchange has dropped significantly in value, bringing the company’s recent market capitalization to 905,60 Mio. Euro. Holding shares through a volatile multi-year span on the Vienna Stock Exchange … Read more

Wales Withdraws Support for FIFA President Gianni Infantino Ahead of Election

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Wales Withdraws Support for FIFA President Gianni Infantino Ahead of Election

The Football Association of Wales (FAW) has officially withdrawn its backing for FIFA President Gianni Infantino’s re-election bid, making it the first national football association to do so. According to msn.com, the decision follows a widespread backlash over Infantino’s controversial proposal to sell stakes in the World Cup and other competitions to private investment firms. … Read more

US and Japan Coordinate Rare Currency Intervention to Stabilize Yen

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The intervention, which saw the yen rebound from 163.73 to 157.57 per dollar, was driven by dual concerns: safeguarding U.S. Treasury markets and reinforcing Japan’s financial system. Louise Loo, head of Asia economics at Oxford Economics, highlighted that Washington feared Japan might resort to selling U.S. Treasuries to fund unilateral intervention, risking destabilization of the … Read more

Japan and US Confirm Rare Joint Intervention to Prop Up Yen

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Japan and the United States have confirmed a rare, coordinated yen-buying intervention designed to halt the Japanese currency’s slide to 40-year lows, with Tokyo signaling a willingness to take further action if necessary. The Japanese Ministry of Finance confirmed the joint operation following a statement by US President Donald Trump on Sunday, according to reports … Read more

Coldcard Wallet Vulnerability Allows Attackers to Drain Nearly $89 Million

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Coldcard Wallet Vulnerability Allows Attackers to Drain Nearly $89 Million

An ongoing cryptocurrency exploit tied to a firmware vulnerability in Coldcard hardware wallets has resulted in the theft of nearly $89 million in Bitcoin across thousands of digital addresses. According to The Hacker News, the attacks began on July 30 when an initial wave drained more than 1,000 bitcoin from 1,196 digital wallets in just … Read more

VinFast Launches Three New Electric Scooters With Battery Swapping in Philippines

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Backed by a planned network of 30,000 swapping stations, the rollout introduces the Evo, Feliz II, and Viper models alongside a subscription program aimed at lowering upfront costs. Vietnamese electric vehicle maker VinFast is making a decisive push into the Philippine two-wheeled mobility market, introducing three new electric scooters equipped with battery-swapping technology. Unveiled to … Read more

XRP Could Ease Japan Yen Crisis As Bridge Asset, Analyst Projects

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Cryptocurrency analyst EGRAG CRYPTO suggests that XRP could alleviate Japan’s yen carry trade crisis by serving as a neutral bridge asset. The global financial system continues to grapple with the aftermath of the yen carry trade, a strategy where investors borrow low-interest yenes to fund higher-yielding overseas assets. Washington recently purchased yenes for the first … Read more

Colombia: Petro Shares US Briefing on Alleged Threats And Espionage

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Simultaneously, conservative presidential candidate Paloma Valencia disclosed a separate $2.000 millones peso assassination plot in Colombia attributed to dissident Farc structures. As Colombia approaches a tense political transition, the intersection of international legal battles and domestic security alerts has plunged the presidential race into high-stakes controversy. The outgoing administration found itself at the center of … Read more

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