August 3, 2026

Business News

Business News news, latest updates, breaking stories, and in-depth coverage. Stay informed with real-time developments and insights.

WestJet cancels flights amid strike

WestJet has canceled hundreds of flights due to a strike by its 4,400 flight attendants, who are seeking improved wages and working conditions. The strike has resulted in widespread disruptions to travelers, with many passengers facing delays and cancellations. The airline has apologized for the inconvenience and is working to rebook passengers on other flights.

Adani’s Queensland Coal Mine Reports 1 Billion Revenue but No Company Tax: Carmichael Mine Accounts Spark Fresh Debate

Adani's Carmichael coal mine in Queensland has generated nearly $1 billion in revenue, but will pay no company tax after declaring a substantial accounting loss, reigniting discussions over corporate taxation, mining economics, and Australia's resource taxation framework.

Bihar’s Makhana Goes Global: First 7-Tonne Sea Shipment from Darbhanga Reaches Canada, Boosting India’s Superfood Exports

Bihar's globally renowned Makhana, a nutrient-rich superfood, has achieved a significant milestone with the dispatch of its first-ever 7-tonne sea shipment from Darbhanga to Canada, marking a new chapter in India's agricultural export story and opening up new opportunities for farmers and exporters.

Government introduces bill to speed up MSME payments

** The government has introduced a new bill to speed up payments to Micro, Small, and Medium Enterprises (MSMEs), aiming to reduce delays and provide a more stable financial environment for small business owners. The bill mandates the use of the Trade Receivables Discounting System (TReDS) to promote transparency and accountability in the payment process.

Oil Nears $100 as Red Sea Attacks Shake Global Markets: How the Iran Conflict Could Impact Fuel Prices Worldwide

** Global crude oil prices are surging due to escalating tensions in the Middle East, with attacks on Saudi oil tankers in the Red Sea and the ongoing US-Iran confrontation threatening key shipping routes and pushing Brent crude toward $100 per barrel, a level that could have significant implications for the global economy.

Moody’s Warns the Era of Cheap Borrowing Is Over: How the New Global Economic Regime Will Reshape AI Investments, Interest Rates, and Financial Markets

The world is entering a new economic era with structurally higher interest rates, driven by massive investments in AI, infrastructure, and defense, coupled with rising geopolitical tensions, according to Moody's, which will fundamentally reshape global capital markets and financial decisions.