All at sea? The ripple effect of Hanjin’s crisis
“There’s an enormous amount of merchandise that still on the seas and no one knows what’s going to happen with it.”
China’s toxic debt pile may be 10 times official estimates: Fitch
Toxic loans in the Chinese financial system could be 10 times as high as official estimates suggest, Fitch Ratings has warned.
Norwegian wool? Suit worn by John Lennon is set to fetch $65,000 in auction
Two-piece grey and black houndstooth suit worn by Lennon during the height of the Beatles’ fame in the 1960s.
In major compromise, Saudis say it will cut output if Iran agrees to a cap
Saudi Arabia has offered to lower its own oil production if Iran agrees to cap its output this year.
Apple teams up with Flipkart to sell iPhone 7 in India
Unlike previous iPhone releases, Flipkart will source the latest versions of the smartphone directly from Apple.
India seals deal to buy French fighter jets for $8.7 billion
India on Friday signed an $8.78 billion deal with France to buy 36 Rafale fighter jets
UK sees slump in finance sector recruitment following Brexit vote: Report
IPPR finds that there was “an uncharacteristic downturn” in job postings in the finance sector following the vote.
JPMorgan tops investment bank table again, top five all US banks
JPMorgan retained its place at the top of the global investment bank rankings in the first half of this year despite a fall in revenues.
Marriott buys Starwood, becoming world’s largest hotel chain
In total, 30 brands will fall under the Marriott umbrella to create the world’s largest hotel chain with more than 1.1 million rooms.
Dozens dead in Syria after US-led bombing strains tenuous truce
Syria claimed a U.S.-led bombing left dozens of its forces dead, straining a ceasefire deal.