The Albany Gazette - Economy (English)

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Featured

Stocks steady as US inflation worries ease, oil slips

Stock markets were mixed in thin summer trading Thursday, handing back earlier gains after investors welcomed further signs of easing US inflation that lessened the prospect of higher interest rates for the world's biggest economy.

Survivors tell of horror of Zimbabwe ferry sinking as death toll hits 46

A man who survived a ferry disaster that claimed at least 46 lives on Zimbabwe's Lake Kariba told AFP Thursday how he watched helplessly as people tried to save themselves, with his best friend and seven of his relatives among the dead.

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Siemens shares plunge on disappointing guidance raise

German industrial giant Siemens on Thursday raised its profit outlook for the second time this year after a quarter boosted by AI spending, but its shares plunged after the forecast fell short of investors' hopes.

Stocks mixed with tech firms back under pressure

Most Asian markets were mixed Thursday with tech firms back under pressure after a four-day rebound amid lingering AI worries, while oil rose even as Iran said it was finalising a deal with Oman over the Strait of Hormuz.

'Stretch our money': Romanians face highest EU inflation

At the weekly market in the southern Romanian town of Calarasi, Florica Vasile goes from vendor to vendor loading her shopping trolley with vegetables the locals say are cheaper than anywhere else in the city.

Iran says close to Hormuz plan with Oman, but reopening depends on US

Iran and Oman have agreed a route for ships transiting the Strait of Hormuz and were finalising arrangements for jointly managing the strategic waterway, Tehran said Wednesday, even as fresh security incidents highlighted continued risks for regional shipping.

Asian stocks mostly down with tech firms back under pressure

Most Asian markets sank on Thursday with tech firms back under pressure after a four-day rebound amid lingering AI worries, while oil rose even as Iran said it was finalising a deal with Oman over the Strait of Hormuz.

Low water on Germany's Rhine river threatens new blow to economy

Dwindling water levels on some of Germany's major rivers worsened by heat and drought are raising fears that badly constrained riverboat cargo traffic may deal yet another blow to the struggling economy.

Environmental disaster looms as tanker leaks off Oman

Oman is facing an impending environmental catastrophe as an alleged Russian shadow fleet tanker leaks oil across hundreds of square kilometres near a nature reserve, NGOs warn.

Gladstone Investment Corporation Reports Financial Results for its First Quarter Ended June 30, 2026

MCLEAN, VA / ACCESS Newswire / August 6, 2026 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") today announced earnings for its first fiscal quarter ended June 30, 2026. Please read the Company's Quarterly Report on Form 10-Q, filed today with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at www.sec.gov or the investors section of the Company's website at www.gladstoneinvestment.com.

LHH Recruitment Solutions Named Leader and Star Performer in Everest's U.S. Contingent Talent and Strategic Solutions PEAK Matrix Assessment 2026

Industry report recognizes LHH Recruitment Solutions U.S. for its sourcing strategy across the full range of business roles and for advancing AI-powered recruitment capabilities to help organizations build future-ready workforces

The Shops at North Bridge Announce Multi-Million Restoration to Reimagine Gateway to Magnificent Mile

CHICAGO, IL / ACCESS Newswire / August 6, 2026 / The Shops at North Bridge today announced a transformative multi-million dollar reinvestment that will reposition the iconic Michigan Avenue property as a premier, experience-driven destination at the gateway to Chicago's Magnificent Mile.

Ecrypt Inc. Named Finalist in the 2026 PAY360 Awards for "Best Customer Experience Solution"

Winners of 2026 PAY360 Awards in All Categories Will Be Announced at Presentation Ceremony at The Grosvenor House Hotel in London October 7th

Storied Malibu Colony Estate Introduces a New Model for Luxury Real Estate Transactions as Seller Will Consider Qualified Private-Company Equity

Former Jonah Hill Residence Offered for $12.95 Million with an Innovative Purchase Option for Founders, Venture Investors and Early Employees

Olenox Industries Regains Compliance with Nasdaq Periodic Filing Requirements

CONROE, TX / ACCESS Newswire / August 6, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company"), a vertically integrated U.S. energy company, today announced that it has received confirmation from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Nasdaq's periodic filing requirement, including Nasdaq Listing Rule 5250(c)(1).

Fortun Holdings Reports Record Monthly Funding Volume for July 2026

July funding volume exceeded the Company's first-half monthly average by approximately 29%, providing an early indication of a potential new stage of operating growth

Google-parent Alphabet shakes up AI division

Google's head of AI, Demis Hassabis, will step down from his current role to become Alphabet's chief scientist amid a reshuffling at DeepMind that will also include a key engineer's departure.

FIFA back Infantino, apologise for World Cup privatisation plan

FIFA president Gianni Infantino has received the "full support" of senior directors on Wednesday but world football's governing body apologised for the controversy of the now-shelved plan to open the World Cup to private investment.

Dow edges to record as markets parse prospects for Hormuz deal

Stock markets climbed but then stalled Wednesday as investors digested a wave of company earnings that broadly surpassed expectations, while assessing the chances of a US-Iran deal to reopen the Strait of Hormuz.

Disney profits top estimates on strength in theme park business

Disney reported better-than-expected profits Wednesday, citing a strong performance in its theme park business amid lingering worries about macroeconomic weakness.

Stocks stall tracking earnings, oil dips on Iran-Oman Hormuz move

Alarm as explosive drone found near Ukrainian plane at German airport

German police raised the alarm at an airport overnight after an explosives-laden drone was found near a Ukrainian cargo plane and another aircraft collided with an unknown flying object mid-air nearby before landing safely.

Stocks mostly rise tracking earnings, US-Iran hopes

Stock markets mostly climbed on Wednesday as investors digested a wave of company earnings that have broadly surpassed expectations, while assessing the chances of a US-Iran deal to reopen the Strait of Hormuz.

Alarm at German airport after drone found near Ukrainian plane, mid-air incident

German police deployed a bomb disposal robot at an airport overnight after a drone was found on the tarmac near a Ukrainian cargo plane, sparking alarm and forcing the diversion of numerous flights.

Cathay Pacific's profit soars 71% despite Iran war driving up fuel costs

Hong Kong carrier Cathay Pacific said Wednesday that net profit surged 71 percent in the first half of the year, as demand from passengers avoiding the Middle East offset a near doubling of fuel costs caused by the Iran war.

Taiwan probes 17 China-funded firms over high-tech talent poaching

Taiwanese investigators said Wednesday they have raided dozens of locations as part of a probe into 17 Chinese-funded companies suspected of trying to "illegally" poach Taiwan's high-tech talent to erode the island's competitive edge.

Factories shed workers in Bangladesh garment sector

Garment worker Mosammat Aklima found out in a text message that she had become one of thousands laid off in the latest wave of cuts to hit Bangladesh's once-booming export industry.

Tech back in fashion as Asian markets extend rebound

Asian equities climbed again Wednesday, tracking another record on Wall Street, as tech firms continued to enjoy a revival after a month-long rout, with confidence also boosted by the prospect of an imminent deal to reopen the Strait of Hormuz.

Trump admin to review 'closed' AI models before release: reports

The Trump administration on Tuesday met with tech leaders to finalize a security review process for advanced AI models before their release, though it will apply only to "closed" models, US media reported.

High bills, cheap panels drive a Philippine solar surge

Edwin Salas watched as the first of 20 solar panels was installed on the roof of his home, joining a Philippine solar energy boom sent into overdrive by the Middle East war.

Gladstone Commercial Corporation Reports Results for the Second Quarter Ended June 30, 2026

Please note that the limited information that follows in this press release is not adequate to make an informed investment judgment.

Helleniq Energy Holdings S.A. Annouces 2Q/1H 26 Fin. Results

MAROUSSI AND ATHENS, GREECE / ACCESS Newswire / August 5, 2026 / HELLENiQ ENERGY Holdings:

Stagwell (STGW) Appoints Beth J. Kaplan to Board of Directors

Kaplan joins Stagwell's Board of Directors as the company builds on significant new business momentum and accelerated growth led by digital transformation

Gladstone Investment Corporation Earnings Call and Webcast Information

MCLEAN, VA / ACCESS Newswire / August 5, 2026 / Gladstone Investment Corporation (Nasdaq:GAIN) announces the following event: