WION Business Wrap | WeWork's woes, fall in US consumer confidence
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WION's Business Desk brings you this daily round up of global stories from the world of business and economy.
WeWork nears bankruptcy amidst crushing debt and plummeting value
The embattled flexible workspace provider, WeWork, is reportedly on the verge of filing for bankruptcy in the coming week. This revelation triggered a sharp decline in the company's stock, with shares plummeting 32 per cent in after-hours trading. In the last one year, its shares have slide by almost 96 per cent.
Nokia sues Amazon and HP for patent infringement in video streaming
Finnish telecom giantNokia has taken legal action against Amazon and HP, filing a lawsuit in Delaware federal court that alleges patent infringement related to video streaming technology.
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Trump says Iranian school bombing photos could be AI-generated - 'I don’t think...'
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Meet top 5 bowlers in latest ICC T20I rankings 2026 - check who sits at the top
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The Royals enter the Doctor Who universe: King Charles and Queen Camilla beam into Commonwealth Games in TARDIS
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22 children dead, 35 infected: India's Gujarat faces Chandipura virus outbreak — Experts explain symptoms
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Why did India turn down the US offer for F-35 fighter jets? EXPLAINED
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Have 7,000 Karnataka students tested positive for HIV? Here's the truth
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'He is courageous leader': DK Shivakumar after TN CM Vijay postpone his Cauvery-related Karnataka visit
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Meet top 5 bowlers in latest ICC ODI rankings 2026 - check who sits at the top
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New OTT releases this week (August 3-9, 2026): Main Vaapas Aaunga, Uyir, Operation Safed Sagar- 6 titles coming on Netflix, Prime Video and more
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Tamil Nadu leader Udhayanidhi Stalin draws severe backlash over derogatory remark against Trisha
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Why are iPhones so expensive compared to Android phones?
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DMK leader Udhayanidhi Stalin detained over 'double-meaning' Trisha remark in Vijay's Tamil Nadu
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Pakistan minister admits ‘system has collapsed’, Munir pushes for more provinces | Gravitas
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'I was almost trafficked in Paris,' says Australian woman, shares terrifying ordeal - 'I am on the black market'
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PM Modi expected to visit Kyrgyzstan and Uzbekistan as India firms up Central Asia ties
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Influencer killed on livestream: Mexican cartel boss' son asked dad to kill woman who broke up with him
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Meet top 5 batters in latest ICC Test rankings 2026 - check who sits at the top
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Trump’s 'forced labour' tariff faces court challenge as 25 states sue US admin: What it means for India
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India avoids higher US tariff, secures lower 10% rate. Here's how
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Why Russian jets use heavier steel compared to US jets
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7 longest flights in the world - Singapore, Qantas, Qatar and others
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Wipro's margins fall to 15-quarter low as AI investment eats into profit
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Meet top 5 bowlers in latest ICC Test rankings 2026 - check who sits at the top
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WI vs PAK, 2nd Test: Shafique and skipper Babar lead fightback with unbroken 168-run stand on Day 2
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Bombay High Court canteens inspected after judges question Maharashtra FDA's 'selective' crackdown
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Why Russian tanks are much lighter compared to US tanks
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Multiple WhatsApp accounts, including in India, are under review for 24 hours. Here’s why
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How often does an S-400 need maintenance?
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Trump, Putin kissing in Amsterdam? Pride parade’s ‘couple’ goes viral | WATCH
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Can an S-400 detect a bird?
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Why Russian fighter pilots wear blue flight suits compared to US pilots
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'Fifth-generation fighters': Can the S-400 shoot down an F-35?
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What’s happening in Nepal? How did a local clash turn into communal violence? WION Decodes
Nvidia's shares plunge to five-month low amid cancelled China orders
Shares of Nvidia Corp, a prominent player in the artificial intelligence (AI) industry, tumbled by nearly 5 per cent, reaching a five-month low in the wake of a report that the company may be compelled to cancel advanced chip orders valued at up to $5 billion destined for China.
Gold demand in India dims amid soaring prices: Report
The World Gold Council (WGC) on Tuesday expressed concerns that gold prices reaching near record highs may diminish the demand for gold in India during the country's peak festival season.
'Deeply regret': FTX founder Sam Bankman-Fried faces intense scrutiny in fraud trial
FTX founder Sam Bankman-Fried, in his latest testimony, has expressed "regret" for failing to investigate the $8 billion debt his hedge fund borrowed from the cryptocurrency exchange before its collapse last November. Bankman-Fried also reiterated his belief that using money deposited by FTX customers into an Alameda-controlled bank account was "permissible."
US consumer confidence hits a five-month low
Consumer confidence in the United States fell for a third straight month in October as gloomier economic forecasts and rising prices dampened optimism. Data released on Tuesday showed that The Conference Board's index dropped from 104.3 in September to 102.6 last month, which is a five-month low.
Ukraine War: EU mulling fresh sanctions on Russia
The European Union is considering fresh sanctions on Russia that would impact Moscow's trade worth about $5 billion. The new sanctions may include export bans on welding machines, chemicals, and other technology used for military reasons.