Daily Recap

Wednesday, 05 August 2026

Business news today was led by a changing of the guard at Air India, where former Ethiopian Airlines chief Tewolde Gebremariam was chosen to steer the carrier into its next growth phase after Campbell Wilson’s resignation, underscoring Tata’s ambition to turn stabilization into expansion. In the U.S., Disney delivered a reminder of the power of big franchises and diversified revenue, with “Toy Story 5,” stronger theme-park attendance and sharply improved streaming profitability lifting quarterly earnings above expectations. Markets across Asia took their cue from that upbeat corporate mood, rising broadly as strong tech and AI earnings from Wall Street fed risk appetite while softer oil prices offered an added tailwind. Geopolitically, Washington removed sanctions on Iraq’s Fly Baghdad after what it called changes in the airline’s behavior, while stressing its wider Iran policy remains unchanged.

Recap for Wednesday, 05 August 2026

Photos from today's Business coverage
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