David Taylor is Procter & Gamble's new CEO

Ending the long wait, Procter & Gamble Co's (P&G) senior official David Taylor is set to become the new Chief Executive Officer (CEO) replacing A.G. Lafley. The new appointment is expected to be announced on Thursday.

Europe

London's Deliveroo sealed $70M funds to develop its food delivery service in Europe, Middle East and Asia

Deliveroo, the startup food delivery company in London has gained investment from Index Ventures and Greenoaks Capital for its third round in the past 12 months. The food delivery service has just sealed $70M, equivalent to £45M funds, to support its plan to enter international services.

Will $500-billion buying support restore normalcy in Chinese market?

Can $500 billion restore normalcy in Chinese stock market? China's stock market capitalization melts by $3-trillion as equities crash 30% in less than a month while State-owned banks step in with buying support. Technical charts indicate further fall and economy slowdown becomes a major concern.

A family of treasure hunters discovered $1M worth of gold coins in Florida seaboard

A family of treasure hunters found $1 million worth of Spanish gold coins. The shipwreck was identified as the Capitana, a cargo fleet that sank 300 years ago due to a hurricane passing through Florida going to Havana carrying loads of fortune.

Wall Street ends sharply higher as China jitters ebb

U.S. stocks ended sharply higher on Tuesday, breaking a five-day losing streak as attention shifted from trouble in Chinese equities to U.S. corporate earnings and to speculation the first Federal Reserve interest rate hike may not come until December.

Gold price meltdown continues; poised for further drop

The gold price drop last week showed its lowest since 2010 and the yellow metal is poised for further fall likely to record biggest monthly drop in the past two years.

All eyes on talks over bailout plan for Greece

The delayed talks over a third 85 billion euro bailout plan is set to take place on Tuesday. Syriza government led by Prime Minister Alexis Tsipras will hold negotiations with European troika, the tripartite committee led by the European Commission (Eurogroup), European Central Bank (ECB) and International Monetary Fund (IMF).

Europe invests $384M in search for alien life on Jupiter's moons

With recent milestones in space exploration, including this month's flyby of the New Horizons spacecraft of Pluto, one may wonder whether man has reached the end of planetary exploration.

Major oil companies layoff more employees due to U.S. crude oil price drop

As the price of crude oil continues to slip down, the oil companies are cutting jobs to survive the business. In the first quarter of this year, blue collar jobs were deterred, this point, engineers and scientists will be affected.

Disruptive Legislation: France re-examines taxi law amid Uber's rise

France is rethinking its taxi laws with the rising demand for Uber and other online ride-hailing services. France's Economy Minister Emmanuel Macron says key players are meeting next month to re-examine the industry's economic model.

Google offered $200 to $300M to Impossible Foods for plant-based cheeseburgers

Google offered $200 to $300 million to acquire Impossible Foods, a startup business, developing plant-based meat and dairy products. The company that wanted to beat the meat industry didn't agree on the price.

Running out of steam: Energy sector is underperformer among all 10 sectors in S&P 500

Energy sector was the prime culprit among other stocks including materials and biotech, that pulled S&P 500 and Dow Jones lower recently. S&P 500 fell 2.2% and Dow eased 2.9% during the week ended 24 July. S&P 500 suffered biggest weekly decline since March.

Mutual funds and ETFs are dancing to the tune of Apple's stock

What happens when a single stock is influencing the performance of several mutual funds (MFs) and exchange-traded funds (ETFs) alike?

Mitsubishi Motors plans Japan, SE Asia, Russia output focus after U.S. pullout

The president of Mitsubishi Motors Corp (7211.T) said Japan, SouthEast Asia and Russia will become the automaker's principal production hubs after it calls time on making cars in the United States later this year because of dwindling output there.

China slides again, Europe follows

Concerns over China dominated financial markets on Monday, with the biggest fall in Shanghai shares in eight years driving stock markets and prices of major commodities lower across the board.

China state-owned margin lender returns market-steadying funds early

The China Securities Financial Corporation (CSFC) has returned ahead of schedule some of the funds it borrowed from commercial banks to stabilize the stock market, three people in the banking industry with direct knowledge told Reuters.

Teva to buy Allergan generic drug business for $40.5 billion, drops Mylan bid

Teva Pharmaceutical Industries has agreed to buy Allergan Plc's generic drugs business for $40.5 billion in a cash and stock deal that will turn the Israeli company into one of the world's largest pharmaceutical firms.

U.S. investigates 6 banks connected to the FIFA financial fiasco

U.S. authorities dig deeper into the alleged FIFA financial fiasco, contacting more than half a dozen banks associated to the football corruption scandal.

New Moto X launch this week; leaked photos reveal possible features and hardware

While the company has yet to release an official statement or at least a preview, multiple sources have begun sharing photos of what is believed to be the new Moto X, which features a screen of either 5.2- or 5.5-inch size and more advanced hardware.

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