South Korea’s main stock market index, the Kospi, fell 8% due to heavy selling of chipmaking company shares. This drop was mainly caused by SK Hynix’s shares falling after its profits missed expectations, even though it reached a record high in total profits. Other Asian stock markets also mostly went down.
Key Facts
The Kospi index in South Korea dropped 8% on July 29, 2026.
SK Hynix shares fell 12.6% after its operating profit was below analysts’ forecasts.
SK Hynix reported a record operating profit of 60.5 trillion won ($41.2 billion), six times higher than before.
Samsung Electronics shares also dropped 8% on the same day.
Tokyo’s Nikkei 225 index lost 1.1%.
Taiwan’s Taiex index fell by 3.6%.
Shanghai’s Composite index declined by 0.5%.
The decline was driven mainly by concerns over chipmaker stocks.
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Queensland and the Northern Territory have rejected the federal Labor government’s plan that would require AI datacentres to use renewable energy. Despite this opposition, the federal government plans to continue creating nationwide rules that include renewable energy use and energy efficiency standards for datacentres.
Key Facts
The federal government wants AI datacentres to use renewable energy and improve energy efficiency.
Queensland and the Northern Territory oppose the plan, calling it underdeveloped and giving too much power to Canberra.
Other states support the plan, including rules that datacentres must cover their energy use with renewables and report emissions.
Datacentres’ power use in Australia could rise five times by 2035, reaching 10% of the country’s total energy consumption.
The government aims to prevent energy bills from rising due to new datacentres by possibly setting price protections.
New rules could require datacentres to pay for their grid connections and add as much energy to the grid as they consume.
Federal Energy Minister Chris Bowen plans to share more details in upcoming national meetings.
Australian public opinion is hesitant about adding new AI datacentres, according to a recent poll.
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Australia’s inflation rate dropped to 3.8% for the year ending June, which lowers the chance that the Reserve Bank of Australia (RBA) will raise interest rates next month. While some price increases remain, particularly in services and homebuilding, the overall slower inflation gives relief to mortgage holders.
Key Facts
Inflation in Australia eased from 4% to 3.8% in the year to June.
The RBA’s preferred measure of inflation rose 0.8% in the June quarter, less than expected.
This slower inflation reduces the likelihood of an interest rate increase on August 11.
Falling fuel prices in June helped lower the headline inflation rate.
Homebuilding costs rose 5.8%, the fastest increase in three years, due to higher materials and labor costs.
Inflation pressures in the service sector remain a concern.
Economists say the previous rate hikes by the RBA are starting to work against inflation.
Uncertainty remains due to geopolitical events like the Middle East conflict affecting fuel prices.
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Audi has introduced the 2027 Q9, a large SUV designed mainly for the US market, serving as the brand’s new top model. The Q9 is bigger than the Q7 and includes features like advanced LED headlights, multiple rows of seating, and various luxury and tech upgrades.
Key Facts
The 2027 Audi Q9 is a full-size SUV aimed primarily at the American market.
It measures 209 inches long, 79.2 inches wide, and 71.4 inches tall, making it larger than the Q7.
The Q9 has a longer wheelbase than the Q7, allowing more space in the third row of seats.
It uses Volkswagen Group’s Premium Platform Combustion (PPC) architecture.
The base Q9 will have a 2.9-liter V6 engine; a sportier SQ9 version will use a twin-turbo V8 engine.
The SQ9 has distinctive design features like wider wheel arches, bigger wheels, and a unique grille.
The Q9 will bring Audi’s active-matrix LED headlights to the US, which can dim parts of the beam to avoid blinding other drivers.
Inside, the Q9 includes modern tech such as wireless charging pads and multiple USB-C ports.
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Audi CEO Gernot Döllner has unveiled two new SUVs, the redesigned Q7 and the larger Q9, aimed especially at U.S. customers. These vehicles feature improvements in technology, comfort, and design, aligning with Audi’s plan to strengthen its global brand and appeal in the full-size SUV market.
Key Facts
Gernot Döllner became Audi CEO and Chairman on September 1, 2023.
The Q7 is a redesigned midsize, three-row SUV, and the Q9 is a new full-size, three-row SUV.
The Q9 targets competitors like the Mercedes-Benz GLS and BMW X7.
The decision to produce the Q9 was made by former CEO Markus Duesmann.
Döllner improved the vehicles by reviewing customer feedback and adding better technology, comfort, and materials.
Features include a reworked center console, larger cup holders, smart door panels, dimming glass roof, and enhanced interior cooling.
The Q9 offers a V8 engine in the SQ9 performance model, available only in the U.S.
The Q9’s door handles were changed shortly before launch, replacing an innovative design with a more customer-friendly one.
Audi aims to build a stronger global brand focusing on quality, safety, and functionality, especially by listening closely to U.S. customer preferences.
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New research from First Street shows that tornadoes, hail, and strong winds cause more damage and pose a bigger risk to homeowners than hurricanes. Jeremy Porter, the chief economist at First Street, explained these findings on CBS News.
Key Facts
Severe convective storms include tornadoes, hail, and strong winds.
These storms cause more damage to homes than hurricanes, according to new research.
The research was conducted by the company First Street.
Jeremy Porter is the chief economist at First Street.
Porter discussed the research on the CBS News program "The Daily Report."
The study focuses on risks to homeowners from weather events.
Tornadoes are part of these severe storms that increase danger to homes.
The research challenges common views that hurricanes are the biggest threat to homeowners.
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American Airlines paused all flights across the country due to a problem with its computer systems. The airline has now fixed the issue and flights are starting again.
Key Facts
American Airlines stopped all flights nationwide because of an IT (information technology) problem.
The outage affected the airline's computer systems.
The ground stop was temporary and has now been lifted.
Flights are resuming after the issue was resolved.
CBS News reported on the event with updates from their transportation correspondent.
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The Hollywood Foreign Press Association (HFPA), which founded the Golden Globe Awards, is suing Penske Media Corporation and others for fraud related to the 2023 acquisition of the awards show. The lawsuit claims Penske and its partners tricked the HFPA into selling the Globes by secretly pushing a boycott that lowered its value and misled the HFPA leadership.
Key Facts
The HFPA sued Penske Media and others in federal court in California over the Golden Globes acquisition.
The lawsuit alleges a secret plan to devalue the Globes and create a monopoly in entertainment media.
Penske Media’s owner, Jay Penske, is accused of working with Eldridge Industries and CEO Todd Boehly to pressure the HFPA.
Boehly and Eldridge allegedly hid Penske’s involvement in the deal from the HFPA board.
HFPA members say they were promised lifetime tickets and voting rights, but Penske set impossible conditions.
Penske owns major entertainment publications and awards shows, including Variety and the American Music Awards.
The lawsuit says the boycott against the Globes was secretly started by Boehly and Penske to lower its value.
The Golden Globes now air on CBS after the 2023 acquisition and restructuring.
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American Airlines experienced a nationwide halt in flights due to a technology system outage. The airline said the problem was fixed and flights have resumed after a temporary ground stop.
Key Facts
American Airlines had to stop flights nationwide because of an IT system failure.
The Federal Aviation Administration confirmed that all airports and facilities were affected.
The airline apologized to customers for the disruption.
Their IT team worked quickly to restore the system.
Flights started departing again once the systems came back online.
The airline communicated updates through their social media account on X.
The outage happened on a Tuesday evening.
The situation was temporary and has since been resolved.
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A UK thinktank says Prime Minister Andy Burnham will face tough choices in the next budget because high oil prices and inflation from the Iran war are raising costs. The government may need to borrow more money or find new taxes to pay for public services and support programs while managing slower economic growth.
Key Facts
The Iran war has pushed oil prices above $100 a barrel and caused inflation to rise.
Inflation is expected to reach 3.8% over the next seven months in the UK.
The UK Chancellor, John Healey, may need an extra £24 billion by 2030 to maintain services and welfare payments.
The thinktank lowered its estimate of available government spending from £7 billion to about £3 billion.
UK economic growth is predicted to slow to 1.1% this year and next, losing £28 billion in growth compared to January forecasts.
The UK’s national debt is nearly £3 trillion, about 95% of the country's yearly income, and may rise if borrowing increases.
The thinktank advises funding new spending through taxes or savings, not more borrowing, to avoid bigger problems later.
Proposed government plans include an adult social care system costing £18.5 billion by 2035 and more support for young people not in education or work.
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Prime Minister Andy Burnham has introduced several cost-of-living measures since taking office, but a major economic think tank warns that he cannot increase government borrowing to fund them. The National Institute of Economic and Social Research (NIESR) says Burnham will need to raise taxes or cut spending to keep his promises.
Key Facts
Burnham announced new policies like cutting electricity bills and reducing bus fares to £2 in much of England.
NIESR warns that public finances will be tight due to ongoing inflation linked to the Iran war.
The think tank says there is no room for extra borrowing to pay for these measures.
Burnham has pledged not to raise taxes on working people, including income tax, VAT, and national insurance.
NIESR suggests funding cost-of-living help through tax reforms, spending cuts, or changes to welfare and pensions.
Possible ideas include reforming council tax to a land value tax or removing some VAT exemptions.
Inflation is expected to rise until early 2027 before gradually falling, and interest rates may stay high until 2028.
The government says it will maintain fiscal discipline while investing in public services.
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Prenuptial agreements are becoming more common among younger couples and everyday people, not just the very rich. These legal contracts clarify how money and property will be handled if the marriage ends, and many couples see them as a fair way to talk about finances before problems occur.
Key Facts
Celine Tsoi and Charles Mock, a young couple, chose a prenup to discuss finances openly before marriage.
In the US, nearly half of married millennials and over one-third of Gen Z couples have prenups; about one in five married couples overall do.
In the UK, around one in ten couples has a prenup, with about one in three married under 35 signing one.
Demand for prenups is rising among professionals like entrepreneurs and social media influencers, not just the wealthy.
Prenups often protect inherited wealth or savings and help couples clearly define financial expectations.
Becca Gibson and Dave Howells signed a prenup to ensure fairness, especially since they each have children from previous relationships.
Prenups are viewed as practical tools to avoid disputes and protect individual assets rather than signs of mistrust.
Lawyers report increased interest in prenups as more people want to secure their financial futures realistically.
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Boeing lost $280 million in the second quarter of 2026 due to delays in the Air Force One replacement program. The project, which started under President Trump’s first term, is now four years behind schedule.
Key Facts
Boeing is working on a contract to replace two old Air Force One planes.
The program is about four years late.
Boeing reported a $280 million loss connected to this project in Q2 2026.
The contract began during President Trump’s first term.
The planes are being built for the U.S. government.
The delay is impacting Boeing’s financial results.
Air Force One is the official plane used by the President of the United States.
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Amazon Prime Video will stream Wednesday night NHL hockey games in Canada starting next season, under a new 12-year deal with Rogers Communications. The service will also show some Stanley Cup playoff games, and these broadcasts will be available to Prime subscribers at no extra cost.
Key Facts
Amazon Prime Video will broadcast at least 26 Wednesday night NHL games in Canada each season beginning September 30.
The deal lasts 12 years, through the 2037-38 NHL season, matching Rogers’ $11 billion national media rights contract with the NHL.
Prime Video will air select Stanley Cup playoff games, including two first-round series and one second-round series each year.
These games will be available to Canadian Prime members without an extra fee.
Rogers-owned Sportsnet keeps most national NHL games and will select the playoff series Prime Video can air through a draft process.
This agreement follows Rogers ending its licensing deal with CBC, which currently airs "Hockey Night in Canada," ending national NHL games on public TV after the 2025-26 season.
Rogers also plans to stop airing NHL games on its Citytv channel, ending free-to-air NHL broadcasts in Canada.
The move reflects a growing trend of sports shifting from traditional TV to streaming services in Canada and the US.
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A new report shows that diversity in the leadership teams of top U.S. companies has fallen to its lowest point in over ten years. The study focused on companies in the S&P 500 index and found fewer diverse members have been added to corporate boards since 2021.
Key Facts
The report was released by Spencer Stuart, a global advisory search firm.
Diversity on corporate boards of S&P 500 companies reached its highest level, 72 percent, in 2021.
Since 2021, the number of diverse board appointments has dropped each year.
This decline marks the lowest level of boardroom diversity in over a decade.
The analysis focuses specifically on diversity in leadership roles at large U.S. companies.
"Diversity" includes factors such as race, gender, and ethnicity of board members.
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CBS's show 60 Minutes announced new correspondents and contributors to replace several longtime staff members who were fired this spring. New additions include Ross Douthat from The New York Times, as well as Sebastian Junger, Gianna Toboni, and Trevor Phillips, while Norah O’Donnell was promoted to full-time correspondent.
Key Facts
60 Minutes fired longtime correspondents Scott Pelley, Sharyn Alfonsi, and Cecilia Vega in the spring.
Ross Douthat, a New York Times columnist, is joining 60 Minutes as a correspondent after leaving the Times.
Sebastian Junger, Gianna Toboni, and Trevor Phillips joined 60 Minutes as new contributors.
Trevor Phillips was hired earlier by CBS News as a global correspondent in June.
Norah O’Donnell was promoted from contributor to full-time correspondent.
Executive producer Nick Bilton praised the new team as experienced journalists who connect with modern audiences.
Some staff members left the show accusing CBS News leadership of interfering with editorial choices; CBS denied these claims.
Longtime correspondents Lesley Stahl, Bill Whitaker, and Jon Wertheim stayed on the show.
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eBay and three former executives agreed to pay nearly $56 million to settle a lawsuit over a harassment campaign against two journalists in 2019. The case involved threats such as sending cockroaches, a funeral wreath, and a pig mask, as well as attempts to track the victims’ car, which led to criminal charges and prison sentences for some former employees.
Key Facts
eBay and three former executives will pay a total of about $56 million to Ina and David Steiner, who run the news website EcommerceBytes.
The harassment in 2019 included sending live cockroaches, a funeral wreath, a book about losing a spouse, and a bloody pig mask to the victims’ home.
Harassing emails, Twitter messages, and an attempt to attach a GPS tracker to the Steiners’ car were part of the campaign.
Seven former eBay employees and contractors pleaded guilty and received prison or home confinement sentences.
Former eBay CEO Devin Wenig, Senior VP Wendy Jones, and Communications Officer Steve Wymer paid money as part of the civil settlement but were not charged criminally.
eBay stated the conduct was wrong and that it has improved its policies and ethics since 2019.
The settlement requires eBay to publicly acknowledge the wrongdoing by the former executives.
The victims had filed their lawsuit in 2021 to address the harassment and stop the abusive campaign.
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A developer wants to build a large data center in Plymouth Township, Pennsylvania, but the township has set 43 detailed requirements to address health, safety, and environmental concerns. The developer says these rules are too strict and is legally challenging them, while the township stands firm, saying it wants the project to benefit the community without harming residents.
Key Facts
The proposed data center would be 2 million square feet and built on a former steel plant site.
Plymouth Township cannot outright refuse lawful projects but can enforce safety and zoning rules.
The township created a 43-point plan covering noise, water use, pollution, and other concerns.
The developer initially agreed to meet township requirements but now says they are too burdensome.
Township officials accuse the developer of intimidation and bad faith in the negotiation process.
Requirements include noise studies before and after construction, and limits on vibrations that disturb neighbors.
Cooling systems must recycle coolant in a closed loop and avoid harming local water sources like the Schuylkill River.
The township aims to make sure the data center provides local jobs and pays for infrastructure costs like water and power upgrades.
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Wildfires near Bordeaux highlight serious challenges for the region's wine industry caused by drought and heatwaves. Without enough water, vines risk shutting down to protect themselves, which could damage grape harvests and wine quality.
Key Facts
Wildfires are burning near Bordeaux, France’s largest wine area.
The region faces severe drought and repeated heatwaves.
Many vineyards lack enough water to irrigate all their vines.
Vines might shut down to protect themselves if dry conditions continue.
This could cause grapes to shrivel and reduce wine yields and quality.
Some areas allowed irrigation this year, which is usually limited.
Climate change has improved grape ripeness and wine quality in some hot years.
Bordeaux’s wine market has seen price drops and falling demand recently.
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Personal items belonging to Colonel Sanders, the founder of KFC, are being sold at an auction. These items include his black bow tie, a pressure cooker, and his former home.
Key Facts
Colonel Sanders founded the KFC fried chicken brand.
His personal belongings are now available for people to buy at an auction.
Items include his black bow tie and a pressure cooker.
His former home is also part of the auction.
The news was reported by ABC News.
The auction gives fans and collectors a chance to own a piece of KFC history.
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