Business
Stocks to buy: DLF among 5 real estate firms on which Nomura remains bullish
Nomura expresses strong optimism for five key Indian real estate stocks, identifying Prestige Estates as their top choice within the sector. The brokerage also endorses DLF and Oberoi Realty, highlighting their solid investment potential. Additionally, Lodha Developers and Aditya Birla Real Estate gain favorable attention. In contrast, Godrej Properties receives a cautious ‘Hold’ rating from the firm, indicating a more tempered outlook.
Business
Manga-inspired theme park to be built near Paris
Three theme parks will be built near Paris as part of a €6bn (£5.13bn) deal agreed between France and Saudi Arabia.
The new development is expected to include a manga-themed park, inspired by the popular Japanese franchise Dragon Ball Z.
French President Emmanuel Macron hailed the move as on a scale not seen “since Disneyland Paris”, and added “you know my interest for manga”.
An opening date for the parks – which will be built near Cergy-Pontoise – has not set by the Élysée Palace, but they will open in stages and construction is expected to take years.
The project was given the green light during a two-day state visit to France by Saudi Arabia’s Crown Prince Mohammed bin Salman.
It stemmed from a previous discussion between Macron and bin Salman about their shared passion for Japanese comics, “in particular Dragon Ball Z,” advisers to the president told reporters on Monday.
Business
When Business Expansion in Indonesia Triggers Additional Corporate Compliance Requirements
Business expansion in Indonesia triggers new regulatory, licensing, and compliance requirements affecting operations, licensing, workforce, and timelines, necessitating careful regulatory and commercial planning for growth.
Business Expansion and Regulatory Obligations in Indonesia
Expanding a business in Indonesia often introduces new regulatory requirements that were not necessary during initial market entry. Growth in activities, locations, employee numbers, cross-border transactions, or ownership structures can trigger additional compliance duties. For foreign investors, it’s essential to conduct both commercial and regulatory assessments to ensure smooth expansion.
Importance of KBLI Classifications and OSS System
Indonesia’s Online Single Submission (OSS) system links business activities to specific KBLI classifications, which determine licensing and sector-specific obligations. If a company diversifies into activities outside its registered KBLI codes, it may need to update registrations and obtain new approvals before proceeding. This ensures all activities remain compliant with national regulations.
Impact of Expansion on Investment Planning and Operations
Business growth decisions influence broader investment considerations, especially under Indonesia’s risk-based licensing framework. Entering new sectors may require re-evaluating licensing requirements and regulatory approvals. Additionally, location-based obligations such as construction and licensing can affect timelines, while workforce expansion increases statutory duties and compliance needs, demanding strategic regulatory planning alongside commercial growth.
Read the original article : When Business Expansion in Indonesia Triggers Additional Corporate Compliance Requirements
Business
Google Pixel manufacturing set to move out of China by next year: report
RDS Wealth President and CEO Dale Smothers discusses investment opportunities in mega-cap tech stocks like Microsoft and Google, advising investors to look for opportunities when these market leaders show weakness.
Google is reportedly moving forward with shifting all manufacturing of its Pixel devices outside of China starting in 2027.
The tech giant has previously made its Pixel phones, watches and earbuds in China – though that’s set to change next year, with Google informing suppliers that the production of those devices will move out of the country into Vietnam and India, according to a report from last week by Nikkei Asia.
The report cited a source who told the outlet that Google will be better-positioned to move production out of China than tech rival Apple because Pixel devices aren’t sold directly in the Chinese market, while it’s also a relatively small base of smartphone users.
Nikkei Asia previously reported in January that Google was planning to develop and manufacture Pixel 11 devices in Vietnam exclusively, with the process requiring investment in testing equipment as well as tooling machines. According to the latest report, the success of that process prompted Google to expand production for other Pixel devices in Vietnam.

Google is reportedly shifting production of its Pixel devices out of China into Vietnam and India. (Michael Nagle/Bloomberg via Getty Images)
Google also reportedly told suppliers that it intends to increase shipments of Pixel phones by 8% to 10% this year after the company shipped 12 million Pixel phones a year ago.
The production boost comes against the backdrop of Google’s push to promote consumer usage of its Gemini artificial intelligence (AI) tools.
If Google proceeds with the move, it would follow Samsung in moving smartphone production out of China. Samsung’s production shifted out of China in a process that took over a year and concluded in 2019 with most of its manufacturing moving to Vietnam and India.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GOOGL | ALPHABET INC. | 348.06 | +3.24 | +0.94% |
The ongoing shortage of memory chips caused by the AI buildout of data centers and cloud services is affecting companies across the tech sector.
Google has reportedly looked to address that issue by combining orders for phone memory chips with those for its AI and cloud businesses.
MODERNA CEO WARNS CHINA IS INVESTING HEAVILY IN MRNA AS BEIJING CHALLENGES US IN BIOTECHNOLOGY

The Google Pixel 11 Pro smartphone is displayed during the “Made by Google” product launch event in New York City on Aug. 12, 2026. (Timothy A. Clary / AFP via Getty Images)
By doing so, the company is able to enhance its negotiating position with major suppliers of memory chips, potentially leading to improved terms for its memory chip purchases across its business lines.
FOX Business reached out to Google for comment.
Business
FDA analyzing three color petitions
WASHINGTON — The US Food and Drug Administration is reviewing three petitions, all dealing with natural sources of color for foods and beverages, according to the Aug. 20 Federal Register. The colors are gardenia blue and safflower as well as the use of acetone as a solvent in the manufacture of carrot oil.
The petitions, if approved, would increase options for natural sources of color, which are needed in the FDA’s plan to phase out petroleum-based synthetic dyes from the nation’s food and beverage supply.
The Gardenia Blue Interest Group filed its petition Aug. 4, proposing the FDA expand the use of gardenia (genipin) blue in various foods and beverages and lower the specification for arsenic in gardenia blue. The FDA in July approved the use of gardenia blue in certain foods and beverages, including sports beverages, ready-to-drink teas and candy.
The proposed expanded uses in the petition include alcoholic mixed drinks, carbonated drinks, processed breakfast cereals, ice cream and frozen dairy desserts, flavored milk, both flavored and unflavored yogurt, and snack foods.
GNT USA, LLC, Dallas, NC, issued its color additive petition on July 20, which the company had announced previously.
GNT proposed that the FDA amend its color additive regulations to provide for the use of safflower (Carthamus tinctorius L.) as a color additive in various items, including tortilla wraps, beverages, colored-extruded breakfast cereals, chewing gum, candy and flavored yogurt.
The Washington-based International Association of Color Manufacturers on Aug. 3 filed its petition about acetone. The petition also proposed that the FDA add heavy metal limits and secondary names for carrot oil. In beta-carotene colors, carrot oil is the liquid or solid portion of the mixture or the mixture itself, according to the association.
Business
California cancels talks with Paramount over Warner Bros deal

California cancels talks with Paramount over Warner Bros deal
Business
The Heirs to Jack Daniel’s Are Fighting to Keep Control | The 10-Point for August 23
1. FROM MY DESK
The heirs to one of America’s biggest liquor fortunes are in the middle of
an intense family drama. Profits at Brown-Forman are shrinking, and shares in the spirits company have lost 60% of their value over five years. People are drinking less of its flagship Jack Daniel’s whiskey, the CEO is leaving, and a crosstown rival has made a $15 billion hostile takeover bid. Laura Cooper takes us inside the rift among some family members who have controlled the company for more than 150 years.
And bourbon country isn’t the only place where things are getting heated. Tensions are rising in retirement communities thanks to baby boomers smoking more pot. Seniors are among the fastest-growing demographics for marijuana use, and their neighbors are fuming.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Business
LPL Financial names Jonathan Lewis as chief technology officer

LPL Financial names Jonathan Lewis as chief technology officer
Business
Operation Economic Outcast: US Treasury targets Iran sanctions
U.S. Treasury Secretary Scott Bessent announces sweeping financial penalties against Iran on ‘The Big Money Show.’
The U.S. Treasury Department announced a new round of secondary sanctions Monday aimed at countries that continue to do business with Iran, a move by the Trump administration to exact “economic asphyxiation” on Tehran.
Treasury Secretary Scott Bessent announced the launch of Operation Economic Outcast, an effort to sever the financial lifeline that sustains Iran’s regime, which the United States has accused of using illicit revenues to fund global terrorism.
“Iran now faces a very clear choice, with only two paths before them: complete global isolation and a subsistence economy, or a path back to normalcy with an opportunity to rejoin the global economy,” Bessent said during a news conference.
TRUMP’S IRAN CRACKDOWN ‘SUFFOCATING’ REGIME AS OIL WELLS COULD SHUT WITHIN DAYS, BESSENT SAYS

Treasury Secretary Scott Bessent announced Operation Economic Outcast on Monday, an effort by the Trump administration to pressure nations into severing economic ties with Iran. (Chip Somodevilla/Getty Images)
The aggressive strategy, labeled as an “Economic D-Day,” targets critical industries such as Iran’s digital assets, technology, gold, aviation and shipping in an effort to eliminate the revenue streams that fund international terrorism, Bessent said. The Trump administration will implement secondary sanctions to pressure nations into severing ties with Tehran, while simultaneously blacklisting nearly 60 people, businesses and vessels involved in illicit trade.
President Donald Trump was speaking with several world leaders, asking them for unspecified assistance in helping to tighten the economic rope around Iran, Bessent said.
“We are following his calls up with visits and calls from the State Department and from the U.S. Treasury, telling the leaders, the countries and the entities exactly what we expect and the timelines,” he said. “I would expect that very quickly. If they do not respond, then you will see the ramifications of their actions.”

Iran flag in rubble and debris in Tehran. (Atta Kenare/AFP via Getty Images)
The secondary sanctions will not be implemented right away, Bessent said, describing his announcement as a “warning shot” to nations thinking of doing business with Iran.
“We are giving everyone the opportunity to remedy bad behavior,” he said. “Why would I want to blow up the global financial system? We believe that it is important to level set and give people a cure, period. But they should know that that will move very quickly and that we are serious.”
“Treasury has mapped every node, every facilitator and every network that Iran has used to smuggle oil and evade sanctions. Beginning today, the actions of Treasury and other agencies will tighten the noose and block every potential source of revenue that funds the IRGC and the evil Iranian regime,” he added.
TRUMP CLAIMS IRAN ‘STARVING FOR CASH,’ ‘COLLAPSING FINANCIALLY’ AFTER EXTENDING CEASEFIRE

Treasury Secretary Scott Bessent said roughly $1 billion in Iranian cryptocurrency assets has been seized by the U.S. Treasury Department. (Getty Images)
Iran has faced U.S. sanctions for decades, which have been aimed at curtailing a range of sectors in Tehran’s economy, including its oil revenues, as well as its ability to acquire weapons and other military equipment and cutting off funding for business enterprises controlled by the Islamic Revolutionary Guard Corps, Reuters previously reported.
In May, Bessent announced that the U.S. had seized roughly $1 billion in Iranian cryptocurrency assets.
Last week, Trump threatened “unprecedented” economic consequences for any nation assisting Iran, which he likened to an “economic D-Day.”
“I am also announcing that ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences,” he wrote on Truth Social at the time.
“Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies — It all needs to stop NOW,” he continued. “You know who you are. This will be an ECONOMIC D-DAY, and we need all of our Allies to stand with the United States of America to isolate, and defeat, the Iran threat. These maniacs are on the ropes, and these HISTORIC MEASURES will cripple them and their ability to project terror worldwide.”
‘The Big Money Show’ panel breaks down Iran’s deepening crisis as economic collapse, oil pressure, and President Donald Trump’s strategy intensify amid growing fears of unrest and nuclear escalation.
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Bessent warned nations doing business with Tehran, noting that no one is above the reach of U.S. sanctions.
“No nation should expect to enjoy the rewards of our system while helping those who seek to destroy it,” he said. “It is now a time for world leaders to make a decision between prosperity and isolation, peace and terror, America and Iran. The campaign we begin today will gather force with every day that follows, and it will not end until this regime stands alone.”
Business
(VIDEO) Indie Hit How to Fish Sells 1 Million Copies in Two Days as Quirky Fishing Craze Takes Over Steam
A low-priced co-op fishing game with an unusual arsenal of weapons has become one of Steam’s standout releases of the week, selling 1 million copies in just two days after launch.
How to Fish, the debut title from developer Dazed Games, arrived on Steam on Aug. 20 and quickly climbed the platform’s top sellers list. The studio announced the sales milestone shortly afterward, confirming the game had reached 1 million units sold within 48 hours. Concurrent player counts peaked near 268,000, according to tracking data, placing it among the most-played titles on the service during its opening weekend despite competition from higher-profile releases.
The game is priced at $7.99, with a 38 percent launch discount bringing the cost to $4.95 through late August. That accessible price point, combined with short session times and strong multiplayer appeal, has helped drive rapid adoption. Steam reviews have been strongly favorable, with the title earning a “Very Positive” rating based on roughly 12,000 user assessments in its first days.
How to Fish casts players as a group of friends who crash their boat onto an island and must catch, kill and sell fish to earn money for upgrades that will eventually get them home. While the core loop involves casting a line and reeling in catches, the game expands the concept with a wide range of weapons and tools. Players can dispatch fish with brass knuckles, submachine guns, dynamite and other implements. A killscore multiplier rewards impressive or inventive methods of taking down the catch, increasing its sale value.
Progression moves players to new islands featuring more difficult creatures and tougher boss encounters. The straightforward cycle of fishing, eliminating the catch, selling it and reinvesting the proceeds supports both casual sessions and longer co-op runs. The game supports multiplayer for small groups, fitting the growing category of affordable, physics-driven party titles sometimes described as “friendslop” for their emphasis on shared, often chaotic entertainment rather than complex systems or competitive balance.
Dazed Games has already released multiple patches addressing bugs and making balance adjustments. In its Steam announcement of the sales figure, the studio offered a concise update on future plans: “Yes, we’ll be adding more content! Yes, we’ll be fixing bugs!”
The success arrives amid a broader wave of inexpensive multiplayer games that prioritize approachable mechanics, short play sessions and social humor. Titles in this space often gain traction through streaming and short-form video clips that highlight unexpected physics interactions or group failures. How to Fish’s combination of fishing with over-the-top weaponry and trick-shot scoring appears well suited to that discovery path.
Early player feedback has highlighted the contrast between the game’s relaxed premise and its more aggressive options for dealing with fish. The ability to no-scope or punch catches, then sell them for higher returns based on the spectacle of the kill, has become a recurring point of discussion. Boss fights add challenge that can stretch sessions beyond the basic loop, while the boat-upgrade goal provides a light narrative frame for the progression.
The launch timing placed How to Fish against several anticipated titles, including major betas and sequels. Its ability to claim a prominent position on the top sellers chart and sustain high concurrent numbers demonstrates the continued strength of the indie multiplayer segment on Steam. Affordable pricing reduces the barrier for groups of friends to buy in together, while the short learning curve encourages repeated sessions.
Industry observers have noted that such games often benefit from rapid iteration after launch. Dazed Games’ early patches suggest an intent to stabilize the experience quickly while players are still discovering the title. The promise of additional content leaves open the possibility of expanded maps, new weapons, creatures or modes that could extend the game’s lifespan beyond the initial surge.
How to Fish joins a lineage of physics-based multiplayer experiments that have found large audiences by leaning into absurdity and shared laughter. Its specific blend of fishing simulation, combat tools and score multipliers distinguishes it within that category. The high concurrent peaks indicate that many players are not only purchasing the game but actively playing it in groups during the launch window.
As the introductory discount period continues, the studio faces the typical post-launch challenges of managing servers, addressing remaining technical issues and deciding which features to prioritize next. The 1 million sales figure provides a strong foundation for further development, though sustaining interest will depend on the quality and frequency of updates.
For now, How to Fish stands as a clear example of how a focused concept, low price and multiplayer design can generate outsized results on digital storefronts. What began as a quirky fishing simulator has become a mainstream Steam success story in a matter of days, drawing players with the simple promise of catching fish by any means necessary and turning those catches into a ticket home.
The coming weeks will reveal whether the early momentum translates into longer-term engagement or remains a concentrated launch phenomenon. Dazed Games has signaled that more content and fixes are on the way. In the meantime, the combination of positive reviews, high player counts and rapid sales has secured How to Fish a prominent place in the current conversation around indie multiplayer games.
Business
Western Digital: Time To Jump In Before Beast Mode Arrives Again (NASDAQ:WDC)
JR Research is an opportunistic investor. I was recognized by TipRanks as a Top Analyst, and also by Seeking Alpha as a “Top Analyst To Follow” for Technology, Software, and Internet, as well as for Growth and GARP. I identify attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. My picks have consistently demonstrated market outperformance over time. My approach combines timely and sharp price action analysis with fundamentals as my foundation. I also tend to avoid overhyped and overvalued stocks while capitalizing on battered stocks with significant upside recovery possibilities. I run the investing group Ultimate Growth Investing which specializes in identifying high-potential opportunities across various sectors. My main ideas revolve around stocks with strong growth potential, and also well-beaten contrarian plays. I designed the group for investors seeking to capitalize on growth stocks with solid fundamentals, robust buying momentum, and appealing turnaround plays to generate alpha consistently. Learn more
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