World · Business
Same event, multiple sources, transparently cited.
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Philippines launches $1 billion subsidy to boost domestic electric vehicle manufacturing
The Philippines has introduced a $1 billion subsidy program to support electric vehicle manufacturing and attract foreign investment.
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Actors Benedict Cumberbatch, Alan Cumming, and Benedict Wong urge UK to block Paramount-Warner merger
Actors Benedict Cumberbatch, Alan Cumming, and Benedict Wong called on the UK government to block the $110 billion Paramount-Warner Bros merger over industry and media concerns.
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Australia sets minimum pay at AUD 31.30 and insurance rules for gig delivery workers
Australia’s Fair Work Commission approved minimum pay and insurance standards for gig delivery workers effective August 17, 2026.
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EasyJet Q3 profits fall 70% amid soaring fuel costs and takeover battle
EasyJet reported a 70% drop in Q3 pre-tax profits due to rising fuel costs amid Middle East conflict and faces two takeover bids.
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Seven-Eleven Japan cracks down on staff scalping of anime and game merchandise
Seven-Eleven Japan warned franchisees and terminated some agreements over staff scalping of anime and game merchandise.
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Nintendo refuses refunds to Switch 2 buyers after $160B U.S. tariff rebates ordered
Nintendo says it will not refund Switch 2 customers despite receiving U.S. tariff refunds tied to console price hikes.
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Global hunger declines to 7.8% in 2025 but 2.69 billion cannot afford healthy diet, UN says
The UN reported a drop in global hunger to 7.8% in 2025 but found one in three people still cannot afford a healthy diet.
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GameStop Raises Stake in eBay to Nearly 10% Amid Hostile Takeover Bid
GameStop increased its stake in eBay to 9.8%, pursuing a $55 billion hostile takeover offer rejected by eBay earlier this year.
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A24 retracts automated copyright strikes on Backrooms fan art and indie games
A24 reversed copyright takedowns affecting Backrooms-inspired fan art and indie games after an automated system error was revealed.
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GameStop CEO Ryan Cohen weighs dropping $56B eBay takeover bid for partnership
GameStop CEO Ryan Cohen is considering withdrawing a $56 billion bid to acquire eBay in favor of a partnership or joint venture.
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SoftBank’s Masayoshi Son forecasts $5 trillion annual AI investment by 2040
SoftBank CEO Masayoshi Son said global AI infrastructure will need $5 trillion annually by 2040 to support AI making up 20% of world GDP.
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Seven & i Holdings to Sell Stake to SoftBank and PayPay, Ending Independence
Seven & i Holdings plans to issue new shares to SoftBank and PayPay, marking a shift from its long-held independence policy.
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Nippon Paint offers $8.6 billion for Akzo Nobel’s decorative paints unit
Nippon Paint Holdings made a $8.6 billion offer to acquire Akzo Nobel’s decorative paints business, with no response from Akzo management.
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Japan to Boost Alternative Investments in $1.8 Trillion GPIF Pension Fund
Japan plans to raise the Government Pension Investment Fund’s alternative assets allocation from 1.7% toward the 5% cap to increase domestic investments.
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Netflix, Paramount, Sony and others in talks to buy movie platform Letterboxd
Netflix, Paramount, Sony Pictures, and other investors are negotiating to acquire a majority stake in movie platform Letterboxd.
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£430m UK-Ireland power cable rerouted to avoid Dobby memorial on Welsh beach
The £430 million Greenlink power cable between the UK and Ireland was rerouted to protect a Harry Potter fan memorial to Dobby the House Elf near Pembrokeshire, Wales.
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IMF lowers 2026 global growth forecast to 3.0% citing Iran war impacts
The IMF reduced its global growth forecast for 2026 to 3.0%, citing the Iran war and related economic risks.
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Oil prices surge as US-Iran talks stall over Strait of Hormuz reopening
Oil prices rose sharply after stalled Iran-Oman talks and unresolved US-Iran demands delayed reopening of the Strait of Hormuz.
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Hungary suspends public news broadcasts to reform state media after Orbán era
Hungary’s public broadcaster M1 and Kossuth radio halted news broadcasts to end propaganda and launch independent media reform under PM Péter Magyar.
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Global foreign direct investment rises 6% to $1.6 trillion in 2025 with uneven gains
Global foreign direct investment rose 6% to $1.6 trillion in 2025, driven by developed economies and strategic tech sectors.
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Japan’s nominal wages rise above 3% for fourth straight month, longest streak since 1992
Japan reported a 3.2% rise in nominal wages for May 2026, marking four consecutive months above 3%, the longest streak in over three decades.
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Cargo Vessel Attacked by Unknown Assailants Near Yemen's Red Sea Coast
A cargo vessel came under attack by unknown armed assailants about 30 nautical miles southwest of Yemen's Al Hudaydah port on July 5, 2026.
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SoftBank to launch AI cloud services in US with 10 GW capacity by 2030
SoftBank and its telecom unit will start renting AI computing resources in the US next fiscal year through new joint venture SB Neo Inc.
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UK house prices flat in June 2026 despite easing mortgage costs
UK house prices held steady at £277,484 in June after a May decline, while mortgage rates remained elevated above pre-war levels.