Economy
IMF downgrades Australia's economic growth forecast
The IMF downgraded Australia's forecast economic growth for 2026 to 1.9% amid persistent inflationary pressures.
Jon Cuthbert
Founder & COOJon is a former international magazine editor with a strong background in business publications (print and digital) in the Middle East and Australia.
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Oil and Gas
Chevron and ZL Chemicals sign surfactant technology agreement
Chevron Technical Center, a division of Chevron U.S.A. (NYSE:CVX) and a subsidiary of Chevron Corporation, has finalized a technology licensing agreement allowing ZL Chemicals to commercialize its proprietary advanced chemical surfactant technology.
Prime Medicine secures decisive binding arbitration victory
Prime Medicine (NASDAQ:PRME) secured a definitive binding arbitration victory against Beam Therapeutics regarding the clinical development rights for its Alpha-1 Antitrypsin Deficiency pipeline asset PM647.
Immunome advances cancer drug with 84% risk reduction
The United States Food and Drug Administration accepted a New Drug Application from Immunome (NASDAQ:IMNM) for its oral tumor treatment varegacestat following clinical trial data showing an 84% reduction in disease progression risk.
Transport and logistics
AerCap leases Boeing 777 freighters to China Southern
AerCap Holdings (NYSE:AER) signed lease agreements with China Southern Group for three Boeing 777-300ERSF converted freighter aircraft to support the airline’s cargo operations.
Himalaya Shipping announces June earnings and cash distribution
Himalaya Shipping (NYSE:HSHP) achieved average time charter equivalent earnings of approximately US$52,900 per day gross during June 2026, including average daily scrubber benefits of US$1,300.
Technology
Apple loses landmark European Union antitrust challenge
Apple (NASDAQ:AAPL) lost its formal legal challenge against landmark European Union rules designating its proprietary operating system and digital retail storefronts as market gatekeepers.
Judge rejects Kalshi bid over New York rules
Kalshi's request for a preliminary injunction was denied after a US federal judge ruled that New York can continue enforcing its gambling laws against the company's sports-related prediction market offerings while the case proceeds.
Cryptocurrency
Secret Network proposes Arbitrum move after $4.7M exploit
Secret Network (CRYPTO:SCRT) has proposed moving from the Cosmos blockchain to Ethereum layer-2 Arbitrum after citing growing security risks from ageing code and AI-assisted exploits following a US$4.7 million bridge exploit.
CFTC files $14M crypto fraud case
The US Commodity Futures Trading Commission filed a lawsuit against Trevor Vernon and Argent Capital Management LLC, alleging they fraudulently raised about US$14 million from approximately 60 investors through a commodity pool that traded cryptocurrency, futures and options.