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Trade news — August 1, 2026 - Page 2

Publications tagged with Trade published on August 1, 2026 (UTC). This is a fixed calendar-day archive. Page 2 of 11.

252 publications

  1. 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
  2. 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
  4. 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
  5. 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
  12. 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
  15. BusinessTradeStock MarketManufacturing

    AI Hedge Fund's Dramatic Fall: Leopold Aschenbrenner's Situational Awareness

    Leopold Aschenbrenner, a former OpenAI researcher, founded the AI-focused hedge fund Situational Awareness in 2024. The fund, once valued at $45 billion, was forced to sell most of its public equity holdings to Citadel after experiencing significant losses in AI-related positions. Aschenbrenner, who gained prominence for his 165-page essay on AI's future, had built the fund on the thesis that AI would quickly transform the economy. However, the fund's heavy reliance on leverage and concentrated positions in AI-linked stocks led to its downfall. Despite the setback, Situational Awareness retains its private portfolio, including a stake in Anthropic.
    24 sourcesSee all sources
  16. BusinessTrade

    CADE Approves American Airlines' Investment in Azul

    The Administrative Council for Economic Defense (CADE) has approved American Airlines' minority investment in Azul without any restrictions. The decision, made on Friday, July 31, was based on the observation that the operation does not pose competitive risks to the Brazilian airline market. The investment, valued at US$100 million, will give American Airlines an approximately 8% minority stake in Azul.
    3 sourcesSee all sources
  18. WorldChinaTradePublic Health

    China Tests Long-Range Submarine-Launched Ballistic Missile

    China conducted a successful test of its submarine-launched ballistic missile (SLBM) on July 6, sending a missile over 6,300 km into the South Pacific. This test signals growing confidence in China's sea-based nuclear force but does not yet demonstrate a proven global strike capability. Experts suggest it reflects progress towards a more credible deterrent, not its completion.
    6 sourcesSee all sources
  22. WorldAsiaTradeStock Market

    India's Forex Reserves Surge $6.1 Billion to $682.35 Billion

    India's foreign exchange reserves jumped $6.118 billion to $682.354 billion during the week ended July 24, driven by a sharp increase in foreign currency assets and gold reserves. The rise comes after the Reserve Bank of India (RBI) launched special foreign currency deposit and borrowing schemes in June. The overall reserves had increased $1.08 billion to $676.237 billion in the previous week.
    4 sourcesSee all sources
  23. BusinessTradeEquities

    Aditya Birla Capital's Q1 FY27 Net Profit Up 40% to ₹1,175 Crore

    Aditya Birla Capital has reported a 40% increase in its net profit to ₹1,175 crore in the first quarter of FY27 (Q1 FY27). The company's consolidated total income grew by 29% to ₹12,187 crore during the April-June period, compared to ₹9,531 crore in the same period last year. This growth was driven by increases across its lending, asset management, and insurance businesses.
    4 sourcesSee all sources