To help secure billions of dollars for his insurance firms, billionaire Mark Walter proposed using his equity holdings in Guggenheim Partners as collateral, a Bloomberg News story published on Thursday revealed. The capital-raising push involves offering double-digit yields to lenders for Walter’s TWG holding company, as reported by Bloomberg News. Debt Restructuring at Delaware Life … Read more
Johannesburg is facing a severe water crisis ahead of local elections expected by November, with the city losing more than a third of its daily water supply through burst pipes, according to reports from Reuters and TimesLIVE. Infrastructure Decay and Water Losses Dry taps have become a daily frustration for residents in neighborhoods like Hillbrow, … Read more
Wall Street closed lower as climbing crude oil prices driven by Middle East tensions and a massive share sale by Intel weighed on investor sentiment, according to Reuters. The S&P 500 declined 0.06% to finish at 7,753.12 points, while the tech-heavy Nasdaq Composite dropped 0.32% to 26,605.36 points, and the Dow Jones Industrial Average slipped … Read more
A consortium including Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin is nearing an agreement to acquire approximately a one-third stake in Premier League club Liverpool, according to multiple media reports. Sky News reported that the investment syndicate is spearheaded by Amit Bhatia—previously a stakeholder in EFL Championship side Queens Park Rangers and son-in-law … Read more
Chinese mainland tax authorities have started levying a 20% personal income tax on returns from offshore insurance policies, according to a report by Caixin citing tax lawyers and insurance insiders. The enforcement action triggered a steep sell-off in major insurers, with Prudential shares falling as much as 13% on Wednesday. Tax Crackdown Targets Offshore Insurance … Read more
Asian stock markets are showing cautious gains as investors react to a global rally, while oil prices remain near the lowest levels in weeks amid a stalemate in U.S.-Iran tensions. Regional indices are responding to strong U.S. manufacturing figures that pushed the Dow Jones Industrial Average to a record close, even as markets weigh the … Read more
India youth protests over the National Eligibility-cum-Entrance Test (NEET) paper leaks have forced Prime Minister Narendra Modi into a major political climbdown, culminating in the resignation of Education Minister Dharmendra Pradhan and a government commitment to exam reforms. The movement, fueled by viral online organizing through the Cockroach Janta Party (CJP), highlights deep-seated economic anxieties … Read more
Alpine farmers producing traditional Gruyere cheese in Switzerland are working to offset sales drops caused by new United States import tariffs, according to industry sources. The U.S. market, which traditionally accounted for about 13% of Gruyere sales, was hit by a 10% tariff last year that increased to 12.5% this year under the Trump administration, … Read more
U.S. Treasury Secretary Scott Bessent met with Pakistan Finance Minister Muhammad Aurangzeb in Washington, D.C., on Tuesday, July 21, 2026, to discuss ongoing economic reforms and market access. According to a U.S. Treasury statement issued Wednesday, Bessent welcomed Islamabad’s push to implement fiscal consolidation and prepare for a return to international capital markets, though the … Read more
Cathedral, a startup founded by former Department of Government Efficiency (DOGE) staffers, has closed a $160 million funding round at a $1.4 billion valuation. The company intends to leverage artificial intelligence to bolster U.S. military cyber operations, including both offensive and defensive capabilities. Investors Andreessen Horowitz and Sequoia Capital led the round and have secured … Read more