Nippon Steel raises FY26 profit forecast by 52% on robust US Steel earnings

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  The Indian infrastructure conglomerate has successfully finalized the purchase of the European liquid storage provider to bolster its international footprint. This strategic multi-billion-euro expansion allows the company to establish significant supply chain capabilities directly within key Western commercial hubs. The move marks an aggressive phase in securing high-value logistics and terminal operations on a global scale.

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• Rush Limbaugh's $155m Palm Beach mansion demolished months after sale

  Billionaire buyer William Lauder acquired the expansive oceanfront property from the late radio host's widow before razing it to repurpose the prime coastal acreage. The move reflects an escalating luxury real estate trend across Florida, where extremely wealthy investors prioritize prime land over existing architecture for custom redevelopments. However, the surge in large-scale teardowns is drawing increased scrutiny regarding the heavy carbon emissions and landfill waste caused by continuous residential reconst…

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• Sony reports Q2 revenue of ~$21.7B, operating profit of $3.94B, both above est., and 2.6M PS5 sales, as GTA VI sparks a US sales jump, especially of the PS5 Pro (Takashi Mochizuki/Bloomberg)

  Strong consumer demand in the United States provided a major boost to Sony's gaming hardware division during the second quarter. Anticipation surrounding Grand Theft Auto VI served as a primary catalyst, particularly encouraging players to invest in higher-end console hardware. These hardware gains helped the conglomerate surpass market expectations across its key financial metrics.

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