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Business news — August 1, 2026 - Page 9

Business publications published on August 1, 2026 (UTC). This is a fixed calendar-day archive. Page 9 of 12.

279 publications

  1. BusinessChinaBudget

    Philippines to Remove System Loss Charges from Electricity Bills

    President Ferdinand Marcos Jr. has directed Congress to amend the Electric Power Industry Reform Act (EPIRA) to remove system loss charges and the corresponding value-added tax (VAT) from consumers’ electricity bills. This move aims to reduce power costs for consumers. Energy Secretary Sharon Garin has stated that the Department of Energy (DoE) is studying regulations and consulting stakeholders to lower electricity rates. A joint task force consisting of energy agencies and electric cooperatives is working on plans to remove system loss charges. Meanwhile, Meralco Chairman Manuel V. Pangilinan has expressed concern about who would shoulder the cost if system loss charges are removed.
    12 sourcesSee all sources
  2. BusinessChinaTradeMarkets

    Ambev's Profit Surges 24.5% in Q2 Boosted by World Cup

    Ambev, owner of brands like Brahma, Budweiser, and Stella Artois, reported a net profit of R$ 3.47 billion in the second quarter of 2026, up 24.5% year-on-year. The company attributed this growth to increased consumer engagement during the 2026 World Cup, with orders doubling on match days via Zé Delivery. Ambev's net revenue rose 6.1% to R$ 20.1 billion, while EBITDA increased 8.9% to R$ 6.37 billion. The company also announced a dividend payment of R$ 1.6 billion.
    5 sourcesSee all sources
  8. BusinessTradeCommoditiesHardware

    India's Ethanol Blending Boosts Farmers' Incomes, Energy Security

    The Indian government's ethanol blending program has significantly benefited farmers by providing a better market for crops like sugarcane and maize, enhancing their income. It has also contributed to energy security by reducing crude oil imports and cutting CO₂ emissions. The initiative has saved over ₹1.9 lakh crore in foreign exchange. Farmers and industry leaders have praised the program, while some have raised concerns about engine efficiency and corrosion. The government maintains that these issues can be mitigated through proper driving habits and adjustments.
    28 sourcesSee all sources
  9. BusinessSoutheast AsiaTaxTrade

    Czech Economy Growth Driven by Domestic Demand

    The Czech economy continued to grow in the second quarter of 2021, with GDP increasing year-on-year due to robust domestic demand, particularly household spending. Real wages and stable prices supported this growth. The economy expanded at a moderate pace, with growth driven by household consumption and foreign demand. Industry, retail, transport, and IT sectors contributed significantly to this growth. Despite crises and potential risks like the Middle East conflict and oil shock, the economy is expected to grow around two percent for the whole year.
    3 sourcesSee all sources
  13. BusinessBudgetTradeEquitiesFintech

    Leopold Aschenbrenner's 'Situational Awareness' Seeks Capital After AI Stock Selloff

    Leopold Aschenbrenner's hedge fund 'Situational Awareness', managing around $20 billion, is seeking fresh capital after suffering heavy losses during the recent AI stock rout. The fund, which uses leverage to amplify returns, has approached investors and lenders for additional capital. Despite recent losses, the fund was still up 439% net through the end of June. In a July 24 investor letter, Aschenbrenner expressed optimism for the second half of the year and suggested that the current selloff presents an opportunity to add funds.
    18 sourcesSee all sources
  17. BusinessTrade

    IPL's Business Value Surges to $20.6 Billion, RCB Most Valuable Franchise

    The Indian Premier League's (IPL) business value has climbed to $20.6 billion, up 11.4% year over year, according to Houlihan Lokey's 2026 IPL Valuation Study. Royal Challengers Bengaluru (RCB) was ranked as the most valuable franchise with a brand value of $312 million, up 16% year-on-year, becoming the first franchise to cross the $300 million-mark. The league's stand-alone brand value rose 10.3% to $4.3 billion. The surge in value was driven by record-setting sales of RCB and Rajasthan Royals, which reset franchise pricing across the league.
    23 sourcesSee all sources
  19. BusinessTradeLogisticsCommodities

    Samsung Galaxy S26 FE Launch and Specs Leaked

    Samsung's upcoming Galaxy S26 FE is expected to launch around September 1, 2026. The Fan Edition phone will reportedly be available in Graphite, Aqua Green, and a third color between blue and purple. It may come in storage options of 128GB, 256GB, and 512GB. A Samsung executive hinted that the device is weeks away from launching and is expected to feature a redesigned camera bump and 45W charging. Prices in Europe are rumored to start at 799 euros for the 128GB model, with increases proportional to storage capacity.
    7 sourcesSee all sources