Daily Recap

Wednesday, 02 September 2026

Business news today centers on how companies and markets are repositioning under pressure, from court-ordered changes at Big Tech to leadership resets, reserve management and fast shifts in currencies and crypto. The through line is control: of market power, capital, supply chains and investor confidence.

US judge declines to order Google ad-tech breakup, requires operational changes

A federal judge refuses to force a breakup of Google’s advertising technology business, but orders operational changes after previously finding the company illegally monopolized key parts of online advertising. The ruling stops short of requiring divestitures of Google’s ad exchange or related tools, while still imposing remedies aimed at changing how the business operates.

Apple’s value rises by $1b a day over Tim Cook era, analysts cite strengths and flaws

Apple’s market value grows by an average of roughly $1 billion a day during Tim Cook’s 15 years at the helm, underscoring how his tenure turns the company into one of Wall Street’s steadiest giants. The performance reflects sustained investor confidence in Apple’s scale and execution even as analysts continue to debate the company’s strengths and vulnerabilities.

BP appoints Ian Tyler as chair after Albert Manifold ouster

BP names Ian Tyler as its new permanent chair, installing him immediately after the removal of Albert Manifold in May. The appointment follows an extended search and gives the energy group a new board leader at a time when major oil companies face scrutiny over strategy, returns and the pace of transition planning.

Yen strengthens as US dollar eases from a recent two-week high

The yen strengthens sharply as the US dollar retreats from a recent two-week high, marking a quick reversal in currency trading. The move suggests investors are trimming dollar positions after a period of strength, and it puts renewed focus on exchange-rate volatility that can affect trade, inflation expectations and corporate earnings.

Dutch central bank transfers gold reserves from North America to London for ‘crisis preparedness’

The Dutch central bank moves part of its gold reserves from the United States and Canada to London, describing the shift as a step for crisis preparedness. The transfers take place between March and August, signaling a preference for having more of the country’s bullion positioned in a major European financial center.

Remixpoint sells altcoins and shifts to a bitcoin-only crypto treasury

Remixpoint sells its holdings in Ethereum, Solana, XRP and Dogecoin and shifts to a bitcoin-only crypto treasury. The move simplifies the Japanese company’s digital-asset strategy and concentrates its exposure in the largest cryptocurrency, reflecting a more focused approach at a time when corporate treasury use of crypto remains highly selective.

Polestar 4 electric SUV revealed with rear window, larger cargo space and listed 391-mile range

Polestar unveils the Polestar 4 electric SUV, adding a more practical body style to an existing EV platform while restoring a conventional rear window for better visibility. The model also offers more cargo space and a listed range of 391 miles, giving Polestar another entry in the increasingly crowded premium electric SUV market.

PLC to conduct follow-up drilling at WA Rochefort gold prospect in Murchison

PLC Resources plans follow-up drilling at its Rochefort gold prospect in Western Australia’s Murchison region after initial drilling clipped only the edges of a possible gold system. The company says it will reload its drill rig and continue exploration, aiming to test whether the early signs point to a larger mineralized target.

Recap for Wednesday, 02 September 2026

Photos from today's Business coverage
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