Levi Strauss Discloses Cyber Breach via Social Engineering Attack
Levi Strauss disclosed a cyber incident where attackers used social engineering to access systems, extracting corporate data.
Business
Thyssenkrupp shareholders back partial spin-off of materials unit
Thyssenkrupp shareholders approved spinning off 49% of its materials trading unit at an extraordinary general meeting on Friday.
Oil slips as Gulf-Iran Hormuz deal talk spooks market
Oil prices fell on Friday as markets weighed a possible temporary deal between Iran and Gulf states to reopen the Strait of Hormuz, with both benchmarks set for weekly losses of about 9%.
Cloudflare lifts annual outlook on AI-driven demand, shares surge
Cloudflare raised its annual revenue and profit forecasts on strong AI-driven demand, sending shares up over 16% in premarket trading.
Fintech seen as key to expanding India's insurance penetration
A finance ministry advisor says fintech can boost insurance penetration by creating tailored products for underserved consumers and advancing financial empowerment.
SBI Eyes Q2 Deposit Uptick via FCNR(B), Keeps FY Growth at 10-11%
SBI expects Q2 deposit growth to improve on FCNR(B) inflows, while maintaining full-year deposit and credit growth targets.
SECI's round-the-clock renewable bid hits Rs 5.25/unit, below expectations
SECI's latest RTC renewable tender discovered Rs 5.25/unit tariff, aided by hybrid solar-wind-storage and competitive bidding.
Sweetgreen stock tumbles as cyclosporiasis scare dents salad sales
Sweetgreen shares fell 15% after the salad chain cut its annual sales forecast, citing consumer concerns over a record cyclosporiasis outbreak.
Home-Cooked Thali Costs Rise as Onion, Oil, and LPG Prices Bite
Crisil data shows vegetarian thali costs rose 4% and non-veg thali 9% in July, driven by onions, edible oil, LPG, and broiler prices.
Premier League Kit Sponsorships Enter Post-Betting Era
Premier League clubs are moving beyond gambling sponsors, with fintech, AI, and sovereign investment deals now shaping the commercial future.
Lanxess beats Q2 profit estimates but warns of no market recovery
Lanxess posts Q2 core profit above forecasts but sees no broad recovery, sending shares down 5%.
Global Markets Steady Ahead of US Jobs Data; Tech Stocks Rally on Strong Forecasts
US futures were mixed Friday as investors awaited key jobs data. Chip and software stocks rallied on strong forecasts from Atlassian and Microchip.
Daimler Truck's Q2 order miss weighs on shares despite US optimism
Daimler Truck shares fell 4% after Q2 order intake missed forecasts, despite upbeat US freight recovery and raised full-year outlook.
Eutelsat forecasts revenue uptick on OneWeb growth, shares slide on margins
Eutelsat projects slight revenue growth for 2027 driven by OneWeb, but weaker margins trigger an 8% share drop.
Copper Heads for Best Week Since May on Supply Squeeze
Copper prices rose on supply worries and tight stocks, heading for their strongest week since May.
Tanzania, Uganda sign pact with Vitol for Tanga energy hub
Tanzania and Uganda signed a non-binding pact with Vitol Bahrain to develop a regional energy hub at Tanga port, with potential infrastructure investments exceeding $20 billion.
Taiwan July Exports Miss Forecasts, AI Demand Remains Solid
Taiwan's July exports rose 32.9% year-on-year to $75.3 billion, missing forecasts but supported by strong AI and chip demand.
Airbus July deliveries flat, China orders firm up backlog
Airbus delivered 67 jets in July, matching last year, and confirmed major Chinese orders as it pushes toward its 870-unit annual goal.
SBI Q1 Net Profit Up 10% to Rs 21,121 Crore on Strong NII, Loan Growth
SBI's Q1 FY27 net profit rose 10.23% YoY to Rs 21,121 crore, with NII up 14.88% and gross NPA ratio improving to 1.47%.
Gold heads for best week since January as rate-hike bets ease
Gold is set for its strongest week since January, up over 6%, as traders trim rate-hike bets and Iran peace hopes ease inflation concerns.