Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth 
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence 
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers 
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project 
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook 
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs 
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy 
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation 
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance 
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum 
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue 
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline 
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 
AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook 
US fast-food chain Wendy's will put up 400 cloud kitchens and traditional restaurants across India in the next decade, in a bid to catch up with rival McDonald's.
Wendy's and franchise partner the Sierra Nevada, which currently operates four brick-and-mortar restaurants and five cloud kitchens in India, would open 150 traditional restaurants.
The partners would also develop and operate 250 cloud kitchens in collaboration with Mumbai-based Rebel Foods.
Wendy's, which entered the market in 2015, said partnering with Rebel Foods will help it grow in India through digital innovation.
Rival fast-food chain McDonald's (MCD), which entered India in 1996 and its local franchise partners, already operates over 400 restaurants across the country.
According to Kallol Banerjee, co-founder of Rebel Foods, by plugging into a network of existing cloud kitchens in India, Wendy's will get immediate access to a rapid scale at far lower levels of capital.
Rebel Foods operates over 300 cloud kitchens, mostly in India.
Cloud kitchens are facilities that produce food solely for home delivery.
Because they don't need to attract passing dine-in customers, they are often located in buildings that charge lower rents than restaurants.
The global cloud kitchen market is expected to reach an estimated $71.4 billion by 2027.
