Daily Recap: Business — 2 August 2026

Business news today mixed market momentum with reputational and operational shocks. In India, foreign portfolio investors snapped a four-month selling streak in July, returning as net buyers as steadier domestic conditions, improving earnings hopes and a softer global backdrop lifted sentiment. By contrast, Capital One’s court filing injected fresh scrutiny into the Trump Organization, with the bank saying it shut more than 300 accounts in 2021 after an anti-money-laundering review rather than for political reasons, a claim Trump-linked entities strongly dispute. And in Indonesia, attention turned to a deadly ferry fire off Madura island that left at least five people dead and dozens missing, underscoring the human and economic toll of transport safety failures in a vital maritime region. Together, the day’s developments show how confidence—whether in markets, institutions or infrastructure—can shift quickly and dramatically.

Top Business stories

• Ferry fire off Indonesia’s Madura island leaves five dead and 41 missing (36 sources)
• Capital One says anti-money laundering review drove closure of Trump Organization accounts (14 sources)
• FPIs reverse four-month selling in July, with net equity inflow and easing outflows (7 sources)
• Wildfires across Washington state prompt evacuations and power outages (6 sources)
• Israeli airstrikes in Gaza kill at least four as US announces ceasefire breakthrough (5 sources)
• Randy Orton returns at SummerSlam 2026 to interfere in Cody Rhodes vs CM Punk title match (4 sources)
• Korean retail investors sell Kospi shares amid July rout, vow off future buying (4 sources)
• Raj Thackeray alleges ₹18 crore annual donation theft at Mumbai’s Siddhivinayak Temple (3 sources)

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