Diageo plans major Guinness expansion alongside job cuts
Diageo will invest $1 billion to raise Guinness capacity from 8.2 million to 15.7 million hectolitres by 2031 while cutting jobs and targeting $1 billion in annual savings.
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Air India Appoints Former Ethiopian Airlines Chief Tewolde Gebremariam as CEO
Air India named former Ethiopian Airlines Group chief executive Tewolde Gebremariam as CEO and managing director on August 5, 2026, succeeding Campbell Wilson.
Eight Major Oil Producers Report $93 Billion in Quarterly Profit
Eight large oil producers posted nearly $93 billion in combined profit for the three months through June 2026 as the Iran conflict lifted crude prices and disrupted energy supplies.
Paramount quarterly profit falls as streaming gains fail to offset TV decline
Paramount Skydance reported lower second-quarter profit as growth in streaming and studio operations was outweighed by weaker advertising and subscriber trends in its television business.
Paramount-Warner Bros. Discovery Antitrust Trial Set for March 2027
A federal judge has set March 2027 for the start of an antitrust trial seeking to block the Paramount-Warner Bros. Discovery merger.
Twenty-Five US States Sue Over Tariffs on 60 Trading Partners
A coalition of 25 US states asked a federal trade court to block new tariffs of 10% to 12.5% and order refunds of duties already collected.
UK chancellor warns retailers against profiteering as Iran war lifts costs
Chancellor John Healey said ministers were monitoring food and fuel pricing as the Iran war adds to inflation pressures, while a new EY outlook warned that a prolonged Strait of Hormuz closure could push the UK economy into contraction in 2027.
Solar supplies record 14.4% of Great Britain’s electricity in July
Solar farms and rooftop panels generated a record 14.4% of Great Britain’s electricity in July 2026, surpassing May’s previous monthly high.