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Applied Industrial Technologies: Not Your Average Distributor, But Not A Buy Right Now

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Applied Industrial Technologies: Not Your Average Distributor, But Not A Buy Right Now
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Fastly Should Be Off To The Races

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Fastly Should Be Off To The Races

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Generation Steel’s $850m Collie green steel mill expands plans

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Generation Steel’s $850m Collie green steel mill expands plans

The proponent behind the Collie green steel mill has struck another supply deal while expanding the proposal’s scope with a $40 million cut-and-bend facility.

Generation Steel, formerly Green Steel of WA, has shaken hands with Victorian manufacturer Stride Reinforcement to supply ready reinforced steel from its proposed mill.

It’s also revealed plans to add a $40 million cut-and-bend facility at the South West site to deliver 100,000 tonnes per annum of ready reinforced steel to construction customers.

The expansion brings the low-carbon steel making project’s total value to $850 million, with Generation Steel targeting taking a final investment decision in late 2026.

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The mill, which is expected to come online in 2028, is forecast to produce 450,000 tonnes of steel annually, along with 100,000tpa of cut-and-bend capacity.

The “green steel” will be produced using recycled scrap steel and renewable-powered electric arc furnace technology, a more energy-efficient process that the proponent says produces significantly lower emissions than traditional blast furnace methods.

The Victorian supply arrangement adds to the MOUs Generation Steel has already signed with Lendlease and Laing O’Rourke for the construction material. 

Last month, state government has also tipped in almost $10 millionl towards the completion of pre-development activities as the project, on top of $4.5 million already commited.

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The funds were allocated from the $230 million Collie Industrial Transition Fund, established to attract large-scale industrial projects and create long-term jobs in Collie as the town prepares to transition away from its coal-fired power industry.

Generation Steel co-founder Don Johnston said the Stride Reinforcement partnership was the first of more east coast deals to come.

“Right now, the majority of reinforcing steel used in Australia is imported, and even Australian-made rebar is foreign owned and suffers from a lack of any competition,” he said.

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“Cash and capital that could have been reinvested has instead drained away from Australian industry. This exposes Australia’s major construction projects to risk, price volatility, and sudden supply disruption.

“By partnering with strong, Australian-owned independents like Stride, we can reliably supply genuinely local, low-emission steel to construction projects right across the country.”

Generation Steel’s co-founder Raj Aggarwal added that the project came at a pivotal moment for Australian manufacturing.

“Reinforcing steel in Australia is at the centre of three macro forces: pressure on supply chains in the face of geopolitical shifts, a lack of investment in new mills, and the emergence of technology which reduces energy use and emissions while improving cost and capability,” he said.

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“Meeting these pressures requires a profound change in how we think about manufacturing investment, and sovereign resilience.”

“Just as we need investment in Australian fuel making, we need locally owned and made steel, and this project will shore-up supply and local jobs for generations.”

The green steel mill is expected to create 500 jobs during the expected 24-month construction phase and support 250 ongoing local roles in Collie.

The proposal comes amid a transitional time for the regional town built on coal, as the state prepares to transition away from coal-fired power by 2030.

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It would also mark Australia’s first new steel mill in more than 30 years and a first in Western Australia, against the backdrop of the embattled Whyalla Steelworks operation in SA.

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American Airlines (AAL) 2Q 2026 earnings

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American Airlines (AAL) 2Q 2026 earnings

Planes wait at gates at LaGuardia Airport in New York City on May 1, 2026.

Leslie Josephs | CNBC

American Airlines further cut its 2026 earnings outlook, citing higher fuel costs, a sign that a jump in fares isn’t enough for the U.S. airline that flies the most to fully offset this year’s spike in fuel prices.

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American said it could post an adjusted loss per share of as much as 65 cents up to earnings per share of 65 cents this year, below the range it estimated in April between a loss of 40 cents per share up to earnings of $1.10 a share.

Fuel prices have been volatile even in the few short weeks of the U.S. airline earnings season that kicked off in July, which has clouded the outlook for airlines this year. Carriers say strong demand and higher fares are helping offset some of the spike. Fuel is airlines’ biggest expense after labor.

For the current quarter, American said it could report an adjusted loss of between 70 cents a share and 10 cents a share, below the 28 cents a share in earnings Wall Street expected, but it forecast revenue to rise between 16% to 19%, above the the 16.6% analysts project.

American’s profit in the three months ended June 30 fell 88% to $71 million, or 11 cents a share from a year earlier, while revenue rose 16.3% to $16.74 billion. Passenger revenue for available seat mile rose 10% from last year.

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Here is what American reported in the second quarter compared with Wall Street estimates compiled by LSEG:

  • Earnings per share: 15 cents adjusted vs. 3 cents expected
  • Revenue: $16.74 billion vs. $16.71 billion expected

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What about cuts for cafes and hotels?

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The new PM has announced at 20% business rate cut for pubs, clubs and live music venues in England,

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Samsung Unveils Galaxy Z Fold8 Ultra, Fold8 and Flip8 in Its Most Complete Foldable Lineup Ever Made

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Nintendo has faced persistent speculation about its plans for a new version of its Switch console

Samsung Electronics officially introduced its newest generation of foldable smartphones Wednesday, unveiling the Galaxy Z Fold8 Ultra, Galaxy Z Fold8 and Galaxy Z Flip8 as part of what the company describes as its most complete foldable lineup to date, aimed at broadening the category’s appeal beyond its traditional user base.

The announcement, made in the United Kingdom, introduces three distinct devices built around different use cases: the Z Fold8 Ultra for maximum productivity, the standard Z Fold8 for immersive content discovery, and the Z Flip8 for quick, expressive everyday use. All three phones are available for preorder starting immediately in select markets.

A new tier for Samsung’s flagship foldable

The Galaxy Z Fold8 Ultra marks the first time Samsung has applied its “Ultra” branding, long reserved for the top tier of its Galaxy S smartphone line, to a foldable device. Samsung describes the Fold8 Ultra as its slimmest Z Fold design yet, measuring just 4.1 millimeters thick when unfolded and weighing 215 grams, while offering an 8-inch main display intended to function as a mobile workspace for multitasking.

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TM Roh, chief executive officer, president and head of Samsung’s Device eXperience Division, framed the release around the growing role of artificial intelligence in mobile devices. “As AI becomes more agentic, mobile devices will become the most personal entry point to experiences that understand and adapt to each user,” Roh said. “By setting a new standard for foldables, we are once again advancing the premium mobile experience and opening the next era of intelligence to more people.”

What’s new on the Fold8 Ultra

The Fold8 Ultra’s camera system centers on a 200-megapixel main sensor, now enhanced with high dynamic range capability in its full-resolution mode, alongside a new 50-megapixel ultra-wide camera and a 10-megapixel telephoto lens offering 3x optical zoom. The device supports 8K video recording through a new APV codec and includes Cine LUT tools for on-device color grading, features Samsung is positioning toward professional content creators.

Power comes from Qualcomm’s Snapdragon 8 Elite Gen 5 Mobile Platform paired with a 5,000mAh battery, supported by a new dual-path 45W charging architecture and an expanded graphite cooling structure designed to maintain performance during demanding tasks. The device also introduces Samsung’s new Flex Titanium display structure, which combines a titanium-alloy film with a reinforced titanium plate to make the display support thinner while reducing crease visibility and refining the feel of the phone’s hinge mechanism.

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A new form factor with the standard Fold8

Distinct from the Ultra model, the standard Galaxy Z Fold8 introduces a reworked form factor built around a 10:16 cover screen and a 4:3 main display, dimensions Samsung says are designed to match how people naturally consume content, whether checking messages on the cover screen or settling into games, films or long-form reading on the larger internal display. At 201 grams, Samsung says the Fold8 is the lightest Z Fold device the company has ever released, while still pairing the same Snapdragon 8 Elite Gen 5 chip with a 4,800mAh battery.

The Fold8’s camera setup includes dual 50-megapixel wide and ultra-wide sensors, along with features such as Dual Recording, which lets users capture both sides of a moment simultaneously using the cover screen as a live preview, and My FanCam, which automatically tracks a selected subject and reframes footage for social media formats.

The Flip8’s redesigned interface

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Rounding out the lineup, the Galaxy Z Flip8 becomes Samsung’s slimmest and lightest Flip device yet, weighing 180 grams with a thickness of 6.1 millimeters. The phone centers on a reimagined FlexWindow cover-screen interface built to surface relevant information and shortcuts without requiring users to open the phone, powered by a new “Now Brief” feature that delivers timely insights directly to the cover display.

The Flip8’s camera system includes a 50-megapixel main sensor paired with Samsung’s ProVisual Engine, along with Flex Mode for hands-free shooting and a Horizontal Lock option added to the device’s Super Steady video stabilization feature. The phone runs on Samsung’s own Exynos 2600 chip rather than the Snapdragon platform used in the two Fold models.

AI features across the lineup

All three devices ship with Samsung’s Galaxy AI software alongside Google’s Gemini Intelligence assistant, which Samsung says now supports app automation across more than 40 supported apps and services, covering tasks such as looking up tickets, finding nearby restaurants and making reservations. The company is also bundling a six-month free trial of Google AI Pro, which includes 5 terabytes of cloud storage, with new Galaxy Z series purchases.

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Samsung has paired the AI rollout with new privacy and security tools, including an AI Assistant Activity dashboard in its One UI 9 software that gives users a centralized view of automated actions taken on their behalf, along with enhanced privacy alerts designed to flag unnecessary background permission requests before they become a concern.

Pricing, colors and availability

All three phones come in Graphite and Cream color options, with additional exclusive shades available depending on the model: Violet Shadow for the Fold8 Ultra, Lavender for the standard Fold8, and Pink for the Flip8, alongside online-exclusive colorways sold only through Samsung’s website. Samsung is also offering new trade-in and device migration tools aimed at easing the switch from iOS, including an updated Smart Switch feature that lets iPhone users transfer data by scanning a QR code, and expanded compatibility between Samsung’s Quick Share and Apple’s AirDrop for file sharing between the two platforms.

Samsung Care+ protection plans are also available for the new devices, with customers who enroll in a monthly plan through Samsung.com receiving their first three months of coverage at no additional cost.

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With preorders open now in select markets, the release sets up a consequential stretch for Samsung’s mobile business as it looks to defend its position as the leading foldable smartphone maker ahead of rumored competition from Apple later this year. Whether the restructured three-tier foldable lineup, anchored by the new Ultra branding on the Fold8 Ultra, succeeds in broadening the foldable category’s appeal beyond its existing user base is likely to become clearer once the devices reach a wider range of markets and consumers in the weeks ahead.

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Shares trim gains as bets narrow on interest rate hike

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Shares trim gains as bets narrow on interest rate hike

Australian shares have reversed most of the session’s gains after hotter-than-expected jobs figures and energy supply worries heightened the odds of higher interest rates.

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Argentina vs Spain FIFA World Cup Final to be replayed? Petition for a rematch crosses 60,000 signatures

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Argentina vs Spain FIFA World Cup Final to be replayed? Petition for a rematch crosses 60,000 signatures
An online petition asking FIFA to replay the 2026 World Cup Final has crossed 61,500 signatures, with Argentine fans pointing fingers at Slovenian referee Slavko Vinčić for how the summit clash against Spain played out. The petition, live on Change.org, went up soon after the July 19 final in New York and calls on football’s governing body to take a second look at the officiating that shaped the result.

What Argentianian fans are demanding?

The petition was started by supporter Gisela Sánchez, and her demand is simple: FIFA should review the calls made during the Final. The text goes further, alleging “irregularities” during the match, though it does not back this up with any solid evidence. Still, that hasn’t stopped it from picking up steam fast.

Why FIFA Isn’t Bound To Listen

Here’s the catch nobody signing the petition can get around, Change.org has no say over football’s rulebook. A petition, however big, cannot force FIFA to change an official result. Match replays are reserved for very specific, exceptional circumstances laid out in the sport’s own regulations, and only the relevant governing bodies can rule on them.

French supporters also ran a similar campaign

Argentina’s fans aren’t breaking new ground here. Days before the Final, French supporters ran their own version of this campaign after Spain beat France in the semifinal, collecting more than 82,000 signatures over a disputed incident that led to the opening goal. That petition made noise online but changed nothing on the scoreboard — a fate this one looks set to share.

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Not everything about the aftermath was bitter, though. Away from the petition drama, thousands of Argentine fans gathered across the country to cheer on their team simply for reaching the Final and coming heartbreakingly close to defending the World Cup title.

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Emeco MD Testrow extends tenure

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Emeco MD Testrow extends tenure

Emeco Holdings has extended Ian Testrow’s contract as managing director and chief executive by a further four years.

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VAT to be cut from Isle of Man electricity bills in line with UK

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Rachel, a woman with straight shoulder-length blonde hair wearing a graduation cap. She has a nose stud, and wears light pink lipstick.

A reduction in VAT from 5% to 0% will be applied to domestic electricity bills on the Isle of Man from October, the government has confirmed.

The move mirrors the measure outlined in the UK, which is expected to be in place until the end of the 2026-27 financial year.

Manx Utilities said, while the amount saved will vary depending on electricity usage during the period, removing VAT would save a typical household about £50 per year.

The Treasury said the overall reduction in VAT revenue collected as a result of the change would be between £1 million and £1.4 million, depending on consumption during the winter.

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The reduction was announced in the UK on Tuesday as part of measures to ease cost-of-living pressures on households.

The Manx government said the change would be made in line the island’s reciprocal arrangements under the Customs and Excise Agreement, which sees the island maintain the same VAT rates as the United Kingdom.

As well as domestic customers, small businesses that already qualify for domestic energy VAT relief – where electricity consumption is below an average of 1,000 kWh per month – and are not VAT registered will also benefit.

Eligible charities and residential care homes will also qualify for the reduction.

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Allegion stock surges 8% on strong second quarter beat

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Allegion stock surges 8% on strong second quarter beat

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