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Business news — August 1, 2026 - Page 8

Business publications published on August 1, 2026 (UTC). This is a fixed calendar-day archive. Page 8 of 12.

279 publications

  6. BusinessNorth AmericaReal EstateHardware

    IRSA Sells Another Lot in Ramblas del Plata Project

    IRSA has completed another sale in its Ramblas del Plata real estate megaproject, developed on the former Boca Juniors Sports City grounds. The company sold a 2360 square meter lot for approximately $4 million, leaving only two lots remaining to complete the first stage of development. The project aims to build around 6000 homes, offices, commercial spaces, a hospital, educational institutions, a hotel, and a coastal promenade on a 71.6-hectare plot.
    2 sourcesSee all sources
  9. BusinessTradeMarketsEquities

    2 Point Zero Group Reports H1 2026 Results

    2 Point Zero Group, listed on the Abu Dhabi Securities Exchange, achieved a net profit of AED 7.7 billion and revenues of AED 21.9 billion in the first half of 2026, up 114% year-on-year. The group's CEO, Samia Bouazza, attributed this growth to the consolidation of Tandem results, strategic mergers, and new investments in financial services and packaging markets. The group also completed the monetization of its Energy investment and expanded into North American energy infrastructure through the acquisition of Travers Midstream Partners. The group's stock received a 'buy' recommendation from Abu Dhabi First Securities, and it ranked 36th in Time magazine's global growth leaders list.
    2 sourcesSee all sources
  13. BusinessTradeEquitiesRatings

    Meta Stock Plunges on Massive AI Investment

    Meta's stock price dropped significantly after the company announced plans to invest between $130 billion and $145 billion in AI this year. The investment, which missed Wall Street's Q2 earnings per share forecast and anticipated softer revenue in the current third quarter, has raised concerns among investors. Meta's CEO Mark Zuckerberg insists on the long-term potential of AI advancements, but analysts warn that the company's strategy feels like 'throwing spaghetti at the wall'.
    20 sourcesSee all sources
  14. BusinessTrade

    Tubos Reunidos Posts First-Half Loss of €77.4 Million

    Tubos Reunidos has reported a net loss of €77.4 million for the first six months of the year, despite maintaining a cash balance of €21 million and being up-to-date with its obligations following an insolvency declaration. The company's cash reserves are raising concerns about its ability to pay salaries for the remainder of the year. Tubos Reunidos had previously announced a net loss of €118.1 million in 2025, with a debt of €263.2 million. The company has faced production halts due to strikes and is involved in a scandal over alleged illegal commissions paid in 2021.
    5 sourcesSee all sources
  18. BusinessTradeCryptoCorp Gov

    Block Urges Senate to Pass Digital Asset Market Clarity Act

    Block Inc., founded by Jack Dorsey, sent a letter to the U.S. Senate urging the immediate passage of the Digital Asset Market Clarity Act (CLARITY Act) before the August 10, 2026 recess. The letter emphasizes the urgency of action, highlighting the need for regulatory certainty, protections for developers, and U.S. competitiveness in crypto innovation. The CLARITY Act aims to provide jurisdictional clarity between the SEC and CFTC, establish a stablecoin framework, and includes an ethics title restricting public officials from issuing digital assets.
    2 sourcesSee all sources
  20. BusinessTradeMarketsEquitiesHardware

    Shell's Profit Surges on High Oil Prices Due to Iran War

    Shell's profit surged in the second quarter due to high oil and gas prices driven by the Iran war. The company reported an adjusted net profit of $9.8 billion (€8.6 billion), up 42% from the previous quarter and more than double the same period last year. This was the highest quarterly profit since 2022. The increase was driven by robust periods for energy trading, an oil-refining boom, and contributions from the gas business and chemicals division. Despite production losses in the Middle East, Shell announced a further share buyback program of at least $3 billion.
    44 sourcesSee all sources