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Welcome to the weekend. To start off your day, we’ve curated 10 great reads to enjoy.

Food Bank events. They have been replaced by Gladys Knight. The musical comedy duo, Blues Brothers – Jim Belushi and Dan Aykroyd, have withdrawn from two upcoming fundraisers due to the SAG-AFTRA strike. They were set to headline Oceana’s Rock Under the Stars on August 12 and LA Regional Food Bank’s “A Million Reasons” Celebration on August 13. Aykroyd explained, “We're saddened to step back as Blues Brothers for Oceana and LA Regional Food Bank causes. SAG-AFTRA rules bar characters from TV and films at concerts and conventions. It's disappointing to miss these worthy events, but we stand with the union.” In 1978, Blues Brothers started on Saturday Night Live, later becoming a film by John Landis in 1980. As per SAG’s guidelines, the union’s 160,000 affected members can't do on-camera work or promotional activities like conventions, premieres, interviews, festivals, FYC events, award shows and podcasts. Charity events have largely avoided strike issues, but Blues Brothers, appearing as characters, is an exception. Gladys Knight steps in, headlining both events before her Hollywood Bowl show on August 15. The guests which have been confirmed at Oceana include Ted Danson, Mary Steenburgen, Woody Harrelson and Sam Waterston. The Food Bank event is expected to include Danson, Steenburgen, Waterston, Jeff Goldblum, Dylan McDermott as celebrity sous chefs for the cause.

All India wholesale consumer price of onion stood at ₹2,068.51 per quintal on August 3, up from ₹1,893.56 on July 3. Year on year, the price has increased 4.86%, data from the consumer affairs ministry show.

Missouri plans to spend $50 million on railroad crossing improvements in response to a 2022 fatal Amtrak derailment

North Dakota regulators have denied a siting permit for a proposed carbon dioxide pipeline that would pass through five states

Apple eked out slightly higher profit even though sales dipped during its latest quarter

NEW DELHI : Food Corp. of India (FCI) has recommended the finance ministry remove import duty on wheat till February 2024 till fresh arrivals start to maintain the country’s food security and arrest rising food prices, a government official said. This recommendation comes over a year after the government banned wheat exports due to brutal heat waves that damaged wheat crops, sparking concerns about wheat availability in the country.

CEO pay fell last year from the record levels set in 2021, but many chief executives, including those in financial services, take home more than 200 times the median figures earned by workers at their companies.

NEW DELHI : Apple Inc.’s chief executive Tim Cook on Thursday said that the company achieved “strong double digits" growth to report record revenue in India for the June quarter. “We also opened our first two retail stores during the quarter. And it’s, of course, early going currently, but they’re currently beating our expectations in terms of how they’re doing.

MUMBAI : India’s largest lender State Bank of India (SBI) on Friday reported a net profit of ₹16,884 crore for the three months through June, more than double of last year, led by a surge in other income and lower provisions to cover bad loans. For the state-owned bank, the June quarter profit was its highest ever, beating the Bloomberg estimate of ₹15,032 crore. The substantial annual increase in other income was on a low base, a result of mark-to-market (MTM) loss in Q1 of FY23.

Major US-based crypto exchange Coinbase has reported a smaller loss in the second quarter this year compared to the same quarter last year, while its revenue exceeded analysts’ expectations.

Since becoming widely available to the public last year, artificial-intelligence chatbots have dazzled people who experimented with them, kicked off a global development race and even contributed to the strike in Hollywood over their impact on writers and actors. AI tools have also generated fear that they will inexorably improve and threaten humanity. OpenAI’s ChatGPT debuted to the public in November, sparking the current frenzy, followed by Chat GPT-4 in March, meant to be more powerful than its predecessor.

Carl Icahn made a multibillion-dollar fortune as an activist investor, bullying companies into changing their businesses. Another activist has now forced him to do the same. Icahn Enterprises, which says it offers small investors a chance to “invest alongside the iconic Icahn," said Friday it was cutting its dividend in half to $1 a share, the first reduction since 2011.

Global Market Intelligence. That makes delivering significant new growth numbers a challenge that has lately been afflicting both. Amazon has posted single-digit year-on-year revenue growth for five of the last six quarters—a major slowdown from the mid-20% range the company averaged even before its pandemic sales boom.

NEW DELHI : Mahindra & Mahindra Ltd’s decision to buy a 3.53% stake in private lender RBL Bank Ltd for ₹417 crore is not a sign of wavering capital allocation discipline, Anish Shah, managing director and chief executive of the Mumbai-based automaker said on Friday. Explaining the rationale behind the surprise move, Shah said the company will make targeted investments to drive returns and focus on execution to “show outperformance", unlike in the past where the execution of its capital allocation actions wasn’t “strong enough". He, however, added that M&M doesn’t have any plan to enter the banking business or raise its stake unless there is a “compelling strategic reason in the future".

NEW DELHI : The theatrical business is starting to show green shoots of recovery buoyed by a slate of successful films from Hollywood such as Mission: Impossible Dead Reckoning Part One, Oppenheimer and Barbie and Hindi romantic comedy Rocky Aur Rani Kii Prem Kahaani. Theatre owners and producers say that the success, especially of the seemingly niche American titles underlines the willingness of audiences to come to theatres, as long as there is compelling content.

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Ontario Teachers’ Pension Plan Board is considering making a US$100 million investment in Indian e-commerce logistics startup Xpressbees, according to people familiar with the matter.

The labour market hit a speed bump in July with the unemployment rate rising and the economy unexpectedly shedding jobs, suggesting the Bank of Canada’s interest rate hikes are working to bring an overheated economy back into balance, though wage growth could present some risks.

By Herbert Lash

By Simon Lewis and David Brunnstrom