Fox Corp reported a 28% increase in fourth-quarter revenue to $4.21bn, driven by advertising income from broadcasting the Fifa World Cup, strong performance at streaming platform Tubi, and political advertising.
Data shows Australia's 5% deposit scheme for first home buyers enabled nearly 1,500 property conversions to investments and benefited hundreds of high-income earners.
The Trump administration has refunded about $100bn from tariffs collected before the US supreme court ruled them illegal. Meanwhile, a coalition of 25 US states has sued the administration over a fresh round of tariffs.
The Primary School in East Palo Alto, co-founded by Dr Priscilla Chan, is closing after the Chan Zuckerberg Initiative decided to halt funding. The school combined education, healthcare, and family support for low-income children.
Advanced Micro-Fabrication Equipment China (AMEC) reports a 282-311% year-on-year profit growth to at least 2.7 billion yuan ($400 million) in H1, driven by strong domestic semiconductor demand amid US sanctions.
WuXi AppTec reported a 33.7 per cent rise in H1 net profit to 11.08 billion yuan, beating expectations driven by strong demand for weight-loss and diabetes drugs and US growth.
US President Donald Trump criticized major oil companies like Chevron and ExxonMobil for posting record profits while consumers face high petrol prices amid ongoing US tensions with Iran.
Informal workers in India and the Philippines, like construction laborer Brijpal Singh, face an impossible choice between earning daily wages and protecting their health from extreme heat. Climate change-driven temperatures reduce productivity, increase illness, and disproportionately affect women, highlighting gaps in urban adaptation efforts.
Wuxi AppTec, Asia's largest contract pharmaceutical research provider, reported H1 net income of 11.08 billion yuan, surpassing market estimates. This strong performance was driven by robust demand for weight-loss and diabetes drugs, alongside significant growth in its US business.
Gunmen on motorcycles attacked Kasuwar Daji village and a military base in Zamfara, Nigeria, kidnapping 52 people, including children. The attackers seized rifles, burned a vehicle, and abducted residents after overpowering the base, killing a soldier and a policeman.
Outback businesses in far west NSW, including roadhouses and hotels, report significant revenue losses and reduced tourism due to incorrect and delayed road status updates on the Live Traffic NSW website and app, following months of heavy rainfall and road damage.
Andy Burnham's plan to devolve power by allowing England's regional mayors a share of income tax aims to address regional inequalities. While economists support the principle, challenges include avoiding weaker economies falling behind, repairing damage from austerity, and a lack of local government expertise and resources.
Six Bitwise option-income ETFs (ICOI, IMRA, IMST, IGME, ICRC, IETH) ceased trading on July 31, with shareholders holding shares as of August 3 facing automatic cash redemption at the fund's net asset value. The Bitwise Funds Trust board voted on June 30 to liquidate the funds, with final NAV calculation expected August 7 and proceeds around August 10.
Germany's government is considering eliminating minijobs in their current form, proposing to raise the flat tax rate and abolish the opt-out for pension contributions. The reform aims to strengthen social security, reduce old-age poverty, and address gender inequality, drawing mixed reactions from unions and business groups.
The July 31, 2026, income tax return filing deadline for salaried taxpayers, pensioners, and students was not extended, leading to late fees of up to Rs 5,000 for those who missed it. Taxpayers with business income or requiring a tax audit have later deadlines, with the CBDT reporting over 5.5 crore ITRs filed by July 30.
England's regional mayors will gain the ability to borrow against future income and retain a share of income tax and business rates from 2028, replacing existing grants. This "transformational" shift, announced by Andy Burnham, aims to empower local leaders to invest in major projects and improve public services, moving decision-making out of Whitehall.
Taxpayers who missed the July 31, 2026 income tax return deadline have options: file a belated ITR by December 31, 2026, with a late fee (Rs 1,000 or Rs 5,000), or submit a condonation of delay application. Missing the deadline incurs interest on unpaid taxes, loss of carry-forward benefits, and potential increased scrutiny.
Prime Minister Andy Burnham plans to give English city region mayors a share of income tax revenue and business rates, alongside greater control over services like housing and transport. This move, set for 2027-2028, aims to devolve power from Westminster but faces criticism over a lack of detail and potential funding disparities.
New York City Mayor Zohran Mamdani announces a new tax on second homes worth over $5 million, aiming to fund public services, despite the city's ongoing loss of high-income residents to lower-tax states like Florida and Texas.
The EU Council has added Russian investment company AFK Sistema and its first vice president, Felix Yevtushenkov, to its sanctions lists. The EU cites Sistema's significant income generation for the Russian government and Yevtushenkov's affiliation with his already sanctioned father.
New research published in the journal Science indicates that low- and middle-income countries, often referred to as the Global South, experience greater harm from invasive species than wealthier nations. This disparity is linked to their reliance on natural resources and limited capacity to respond.
Jack's Solar Garden in Longmont, Colorado, has transformed into an agrivoltaic project, growing crops beneath solar panels. This innovative approach generates clean electricity, creates cooler microclimates for plants, reduces water loss, and provides farmers with a stable additional income, serving as a model for climate-resilient agriculture.
Taxpayers receiving Section 143(1) intimations from the Income Tax Department with tax demands must respond within 30 days. Failure to do so can lead to 1% monthly interest penalties, classification as an 'assessee in default,' and initiation of recovery proceedings, even if the demand is disputed.
Hong Kong's new Advance Decision on Life-sustaining Treatment Ordinance, effective next Friday, faces operational challenges for frontline responders like ambulance crews, who worry about verifying patient wishes in emergencies and affordability for low-income families.
