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Melrose Launches £73 Million Compensation Programme After GKN Aerospace Chemical Incident in California
Melrose Industries will launch a compensation programme worth up to £73.4 million ($100 million). The FTSE 100 group’s GKN Aerospace unit suffered a chemical incident at its Garden Grove, California site in May. Melrose said the claims programme opens within weeks and runs into 2027. What Triggered the Compensation Programme An overheating chemical tank at…
Nvidia-Backed Lambda Seeks Up to $3 Billion in Pre-IPO Funding Ahead of Potential 2027 Listing
Lambda is negotiating up to $3 billion in fresh financing, Bloomberg reported on August 24, 2026. The Nvidia-backed AI cloud provider is targeting a valuation of $12 billion or more in this round. Multiple term sheets have already reached the company, with deal terms still unfinalized. The financing could position Lambda for an initial public…
American Airlines Flight 2398 Laptop Fire Injures Passengers on August 21
American Airlines Flight 2398 experienced a laptop battery fire on August 21, injuring passengers. The FAA has recorded 58 lithium battery incidents this year, raising safety concerns for airlines.
Gold Price Today: MCX Gold Slips to ₹1,63,044 as Dollar, Bond Yields Rise Ahead of Jackson Hole
Gold price on MCX slipped slightly to near ₹1,63,044 per 10 grams on August 25, 2026, pulling back from Monday’s ₹1,63,970 close. The dip came as the dollar firmed and investors turned cautious ahead of Fed Chair Kevin Warsh’s Jackson Hole speech. Despite today’s pullback, gold remains near a three-month high after surging 5.7% between…
Australia’s diphtheria outbreak hits 530 cases, largest since 1991
Australia records 530 diphtheria cases in largest outbreak since 1991, with cases concentrated in Northern Territory and Western Australia. Health experts warn actual numbers may be higher due to inconsistent testing.
49ers Owner Jed York Pleads No Contest to Misdemeanor Charges in Ohio
49ers owner Jed York pleaded no contest to misdemeanor charges after arrest in Ohio. He paid $1,150 in fines and was sentenced to one day in jail, already served. The NFL will review the matter under its personal conduct policy.
Father Pushes ‘Lily’s Law’ After Teen Hiker Dies in NSW Bushland
After 18-year-old Lily Hooper’s death in NSW bushland, her father pushes for ‘Lily’s Law’ to require GPS trackers and safety beacons for hikers. NSW Premier Chris Minns pledges to honour her memory.
Secret White House Bunker Undermines Trump’s $600M Ballroom Security Case
Former officials say existing White House bunker undermines Trump administration’s security argument for $600 million ballroom. Supreme Court allowed construction to continue on August 21.
Greater Manchester NHS Trust Declares Critical Incident as 350 Staff Strike
Greater Manchester NHS trust declares critical incident as 350 staff strike over overtime pay dispute with NHS Professionals agency on August 24, 26, and 28.