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Business news — August 1, 2026 - Page 2

Business publications published on August 1, 2026 (UTC). This is a fixed calendar-day archive. Page 2 of 12.

279 publications

  1. BusinessUnited Kingdom

    Foden Aims to Repay City's Faith Under Maresca

    Manchester City midfielder Phil Foden, after signing a new four-year contract, is determined to repay the club's faith under new manager Enzo Maresca. Foden, who had a disappointing 2024-25 season with no goals in his last 31 appearances for club and country, is looking for a fresh start. He was the PFA Player of the Year in 2024 and won the Premier League with City in 2023-24. Maresca, who previously worked with Foden under Pep Guardiola, is keen to help Foden rediscover his best form.
    3 sourcesSee all sources
  6. BusinessTrade

    Circle K Acquires Żabka Group for PLN 32 Billion

    Canadian company Alimentation Couche-Tard, owner of Circle K, has agreed to acquire Żabka Group, Poland's largest convenience store operator, in a deal valued at PLN 32 billion (USD 8.6 billion). The acquisition includes a tender for 100% of Żabka's shares at PLN 32 per share. Żabka will continue to operate independently under its current management team. The transaction is subject to regulatory approval.
    7 sourcesSee all sources
  7. BusinessBudget

    Russian Banks Raise Deposit Rates Amidst Outflow

    In Russia, deposit rates have unexpectedly increased, with ten major banks raising their rates for three consecutive weeks in July. The average maximum rate reached 12.85% per annum, up from 12.75% in June. This trend bucks the usual pattern of decreasing rates due to a lower Central Bank key rate, and is attributed to a record outflow of money from deposits in May. Experts predict that banks will cautiously raise rates to attract depositors, but not all banks will do so.
    2 sourcesSee all sources
  8. BusinessTaxTradeLogistics

    Centre Releases Rs 1.09 Lakh Crore in Advance Tax Devolution to States

    The Union government released ₹1,09,019 crore to state governments as an additional instalment of tax devolution, over and above the regular monthly transfer scheduled for August 10. The advance transfer gives states additional fiscal resources ahead of the scheduled monthly devolution to support spending and development programmes, particularly capital and development spending.
    8 sourcesSee all sources
  9. BusinessTradeEquitiesRatings

    AI Investor Leopold Aschenbrenner Forced to Sell Stocks After Steep Losses

    Leopold Aschenbrenner, a prominent AI investor, has reportedly sold all of his hedge fund's public stock holdings due to significant losses. The fund, Situational Awareness, faced steep declines in AI infrastructure bets and short positions against software stocks. Aschenbrenner, once hailed as a prodigy, built the fund in 2024 on the premise that AI would drive demand for chips, compute, and energy, leading him to invest in suppliers like SK Hynix and Sandisk. However, these investments fell sharply, and the fund's assets dropped from a peak of $45 billion to around $10 billion, forcing Aschenbrenner to sell most of the portfolio to Citadel.
    42 sourcesSee all sources
  11. BusinessBudgetTaxTrade

    Russian Officials Consider Seizing Deposits Amid Budget Crisis

    Russian officials are reportedly discussing a plan to convert large deposits into long-term bonds to address the country's soaring budget deficit. Sources close to regional governments told 'Layout' that deposits above a certain amount could be affected. A State Duma deputy suggested that the government may have no other choice but to seize deposits. However, the Russian Central Bank has repeatedly denied these rumors, stating that such a move would be 'absurd' and 'impossible'.
    2 sourcesSee all sources
  12. BusinessBudgetTradeLogisticsCommodities

    Government's Economic Strategy for Next Two Years

    The first deputy president, in a meeting with Tehran's Chamber of Commerce managers, outlined the government's economic strategy for the next two years. The strategy aims to ensure people's livelihood, maintain market stability, and control inflation. The government plans to tackle price gouging, hoarding, and shortages, and encourages guilds to cooperate. The strategy has been successful in managing goods without shortages, even during war conditions. However, the government is prioritizing maintaining public calm. The deputy president also addressed the issue of exchange rates affecting goods' prices disproportionately.
    2 sourcesSee all sources
  21. BusinessBudgetTrade

    Amazon Receives $600 Million in Tariff Refunds, Will Return Some to Customers

    Amazon confirmed it received $600 million in tariff refunds, with some consumers set to receive money back. The US Supreme Court's ruling invalidating certain trade tariffs allowed companies to request refunds. Amazon's CFO, Brian Olsavsky, announced the refunds during a conference call, stating that a portion will be returned to customers under specific circumstances. The company preemptively bought inventory to avoid tariff costs and absorbed most of the increased costs rather than passing them on to customers. Amazon will automatically issue refunds to affected customers when it can trace specific import charges passed onto them. The refunds stem from a February Supreme Court ruling striking down broad tariffs imposed under the International Emergency Economic Powers Act of 1977.
    9 sourcesSee all sources