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Brent Kovar was convicted on 15 counts for running Profit Connect, a fake AI crypto mining operation that defrauded 400 investors of $24 million. Sentencing set for Nov. 2026.

The dollar's three-day rally from May lows is fueled by US-Canada tariff escalation and new Iran sanctions. China's oil imports from Iran complicate the equation. USDJPY nears 160, with BoJ September hike odds at 82%.

The SEC is probing banks' role in the $45B AI hedge fund's meltdown after margin calls forced a fire sale. Citadel bought the positions at a 10% discount.

Costa Coffee's autumn menu, featuring Maple Hazel and a new matcha latte, arrives Aug. 27. The launch marks the start of peak coffee season, with implications for arabica demand and Coca-Cola's retail segment.

OFAC's latest sanctions target over $100 million in Iran-linked crypto transactions, designating brokers and exchanges under a sector-wide authority. The move signals a shift in enforcement scope.

Franklin Templeton's tokenized U.S. Treasury fund, yielding roughly 3.6%, is now available to professional investors on HashKey Exchange in Hong Kong. The push expands the asset manager's blockchain distribution network.
A former engineer's site aggregates 242M Flock Safety audit logs, letting anyone check if police searched their plate. Traffic hit 60K visitors every two hours.

AI startup sent staff home after notice from security firm Allied Universal warned of a strike. The union says it never called a vote.

A run club controversy and rising deportations signal growing friction between foreign remote workers and locals. Bali has closed 18 business categories to foreign investment.

The for-profit social enterprise behind Mom's Belief sets ₹227-239 price band for its ₹125 crore IPO, with anchor bidding on Aug 31. Proceeds will add 319 centres by FY29.

Henkel's Shanghai lab can now certify paper packaging recyclability under EU standards, cutting the need for Asia-Pacific exporters to send samples to Europe for testing.

Mobile money service M-SELEN has signed up 450,000 customers in the Solomon Islands, where geography makes bank branches impractical. A new real-time settlement system and a planned unified QR standard aim to deepen financial inclusion.