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Business
Markets, companies, regulation, startups, and the business impact of technology.
65 published stories
Business
Markets, companies, regulation, startups, and the business impact of technology.
Alliance Laundry Holdings Beats Q2 Estimates As Revenue Climbs
Alliance Laundry Holdings Inc. reported second-quarter 2026 adjusted earnings of 41 cents per share, surpassing the Zacks Consensus Estimate of 35 cents per share, according to financial data from TradingView. The reported figure represents a 32.3% increase compared to the same period a year ago. Alliance Laundry Holdings Posts Strong Q2 2026 Earnings and Beats … Read more
Airservices Australia Controller Issued Incorrect Clearance in Sydney Near-Miss
Airservices Australia CEO Rob Sharp confirmed that an experienced controller issued a takeoff clearance during a runway near-miss at Sydney Airport involving two Boeing 737 aircraft, marking the third such safety incident in two weeks as aviation regulators examine airport staffing and capacity. A routine endorsement check in the Sydney Airport air traffic control tower … Read more
Nvidia Cuts OpenAI Ohio Data Center Guarantee to Under $120 Billion
Nvidia has scaled back its proposed financial backstop for OpenAI’s massive 10-gigawatt data center campus in Ohio, lowering its initial commitment from $250 billion to less than $120 billion amid investor anxiety over the chipmaker’s extensive financial exposure to artificial intelligence infrastructure. Nvidia Slashes Ohio Data Center Backstop Guarantee Nvidia has reworked the financial structure … Read more
Eskom Achieves Record Energy Availability Amid Rising Fleet Reliability
South Africa has recorded 448 consecutive days without loadshedding since 16 May 2025 as Eskom achieved an operational Energy Availability Factor of 67.24% for the financial year-to-date ending 6 August 2026, though electricity generation volumes dropped amid a shrinking market and rising independent generation. Operational Gains and Fleet Reliability at Eskom The operational performance of … Read more
Kenya and Tanzania Plan to Link SGR Networks Through Uganda
Kenya and Tanzania are advancing coordinated plans to connect their Standard Gauge Railway networks through Uganda, creating a trans-regional rail corridor linking the Indian Ocean ports of Mombasa and Dar es Salaam with landlocked nations, backed by alternative financing models including securitised Railway Development Levy bonds and public-private partnerships. Reviving Regional Rail Corridors Across East … Read more
Ryanair Flight Engine Failure Shattered Window and Injured Passenger
A passenger suffered serious injuries when a broken fan blade sent fragments flying into a Boeing 737-800 fuselage, shattering a window and causing a partial window blowout on a Ryanair flight in July. According to a preliminary report released Thursday by the National Transportation Safety Board, the July 10 incident occurred shortly after the aircraft … Read more
Mel Sutcliffe Leads Consortium Bid to Acquire Bankrupt Accell Group
Accell initiated insolvency proceedings in the Netherlands following a post-pandemic market slump and a failed sale process by private equity owner KKR. Mel Sutcliffe, a former Irish international cycling rider and founder of the Dublin-based investment platform Quanta Capital, has confirmed a formal move to purchase the stricken Dutch-headquartered Accell Group. Sutcliffe is assembling a … Read more
US Stocks Mixed, Treasury Yields Fall as July Inflation Cools to 3.4%
U.S. stocks finished mixed and Treasury yields fell on Wednesday, after a consumer price index report showed inflation cooling to 3.4% year-over-year in July, while artificial intelligence sector earnings rallied Wall Street closer to record highs. Consumer Prices Cool to 3.4% as Inflation Data Clears Path for Federal Reserve Fresh economic data released on Wednesday … Read more
Federal and NSW Governments Announce $2.5bn Tomago Smelter Bailout
Prime Minister Anthony Albanese and New South Wales Premier Chris Minns have announced a $2.5 billion, 10-year joint bailout package to secure the future of the Tomago aluminium smelter, located north-west of Newcastle, ensuring its continued operation beyond December 31, 2028. Australia’s largest aluminium smelter is receiving a financial rescue backed equally by federal and … Read more
West African Regulators Plan Regional Fuel Pricing Benchmark and Trading Hub
West African energy regulators are advancing plans for a regional fuel pricing benchmark and trading hub in Abuja, aiming to reduce dependence on European and Mediterranean price signals as output from Nigeria’s Dangote refinery reshapes regional supply. Abuja Conference Focuses on Regional Price Independence Regulators, refiners, traders, and financiers gathered in Punch Newspapers on Tuesday … Read more
How Heat Pumps Can Cool Homes During Summer Heatwaves
As summer temperatures soar and heatwaves stress residential buildings, a growing number of homeowners are discovering that air-source heat pumps can cool living spaces just as effectively as they heat them, shifting the conversation around renewable energy technologies. For years, homeowners viewing heat-pump technology through a strictly seasonal lens understood the units simply as low-carbon … Read more
Eli Lilly Dominates U.S. Obesity Market Share
Eli Lilly held a commanding 60.9% share of the U.S. obesity and diabetes drug market in the second quarter, according to CNBC‘s earnings presentation. In comparison, rival Novo Nordisk held a 38.8% share during the same period. The performance underscores a widening divide in Wall Street’s confidence between the two obesity drug leaders, even as … Read more