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Articles in this issue: Trump vows to punish Iran and Houthis for attacks in Red Sea Trump imposes forced labor tariffs, drawing protests from trading partners Youth leaders begin talks with government but press on with nationwide protests From steppe to sea, a Ukrainian drone unit hunts Russian ships Malaysia envoy summoned by US over Israel policy, Bernama says Four Palestinians and one Israeli killed in West Bank shooting Philippines accuses China of using water cannon on its vessels for a second day Spain declares emergency as wildfires force thousands of evacuations International Criminal Court members to vote on dismissing prosecutor Khan South Africa's Ramaphosa secures court order halting 'Farmgate' impeachment process Congo's Ebola deaths top 1,000 as violence and shortages hamper medics International Criminal Court drops case against Darfur militia leader Explainer: Copper, growth, IMF: What investors are watching in Zambia's upcoming election AfDB approves $114 million loan for Morocco battery gigafactory Nigeria's Tinubu approves army expansion to 12 divisions with 28,000 new recruits South African rand claws back losses prompted by Reserve Bank's rate hold Oil prices head for weekly rise on Middle East escalation World stocks head for weekly fall, yields at multi-decade highs as oil fuels inflation fears Yen heads for biggest weekly drop since May despite Tokyo's support pledges Pardoned by Trump, Hernandez to return to Honduras and seek dismissal of local charges Mexican journalist shot dead in Oaxaca, marking fourth such killing since June Indian court says OpenAI did not violate news agency ANI's copyright US CDC links four more states to cyclosporiasis outbreak, Washington Post reports Reaction to US imposing new tariffs on 60 trading partners US, Mexico set more USMCA talks for September amid differences over autos content Around 2,000 Brazilian products exempt from both recent U.S. tariffs, minister says Trump to impose new global tariffs Brazil report cites icing, pilot actions, safety culture in deadly Voepass crash South Korean court orders SK Chairman Chey to pay record $640 mln in divorce Top German court says Afghan resettlement pledges cannot be revoked en masse Merchant ship hijacked off Yemen now held by Somali pirates, residents say Take Five: A $100 question Temasek eyes defence deals as Europe boosts military spending, executive says China braces for heavy rain as tropical storm Noul edges closer Rubio reassures Asian allies they're not being abandoned as top diplomats meet China adds 14 EU entities to export control list over Russia-related sanctions India, Pakistan among teams handed direct Asian Games men's cricket knockout berths As AI grows more powerful, a US-China feud threatens safety efforts European Commission gives guarded welcome to new Trump tariffs ASIA GOLD India gold discounts hit seven-week high as demand weakens; China buying improves Volkswagen abandons hopes for 2026 sales growth as restructuring looms How the 'twin stars' of China, CXMT and YMTC, changed the chip game Top apparel exporter Vietnam faces higher US tariffs than peers Wildberries, 'Russia's Amazon,' says Ukrainian drones struck three more of its warehouses France orders total evacuation of Cap Ferret peninsula as wildfires rage Spain declares national emergency over wildfires near Madrid and in Avila UK's Burnham opens 'No10 North' to shift economic power from London Novo Nordisk seeks preliminary injunction against Lilly weight-loss ads Euro zone business activity returns to growth in July for first time in four months, PMI shows Russia says it hit three Ukrainian ports overnight striking infrastructure and fuel India protest leaders say government seeks time until Saturday on demand for minister's resignation India to roll out common customer ID for banks, insurers; mutual funds to follow, sources say In India, Iran war forces Diet Coke to roll out a bigger can, heftier price tag 'Lapdog media': Indian reporters caught in youth protest anger India's private sector growth slumped to over four-year low in July, PMI shows India's Adani Enterprises says not evaluating proposal to enter airline business India's stock benchmarks set for worst week in four months as crude tops $100 India's Sooryavanshi draws confidence from maiden fifty Iran flew IRGC commanders, missile gear to Yemen's Houthis UK says armed forces ready to defend country after Iran warning over US bombers Add a month at sea and $2.5 million - what it costs oil tankers to flee Hormuz and Bab el-Mandeb Iran strikes on CIA facilities prompt questions about possible Russian role The week the costs of the Iran war came home US House votes to curb Trump's Iran war powers but Senate backs president Trump vows to punish Iran for Houthi attacks in Red Sea; oil surges over $100 Hormuz ship transits steady at three for three days, data shows US military says it completed 13th consecutive night of strikes on Iran US House votes to halt Iran war, in another symbolic rebuke of Trump What is Pickaxe Mountain, the Iranian nuclear-linked site threatened by Trump? Trump attends return of US soldiers killed in Iran war US Senate blocks resolution curbing Trump's Iran war powers War risk insurance costs surge for southern Red Sea voyages after Houthi attacks US energy shares gain as Houthi tanker attacks push Brent crude to $100 Aramco offers more crude oil cargoes from Mediterranean amid Red Sea threats, sources say China refiners snap up September Russian crude, eye Iranian oil as Mideast supply risks grow Two Chinese supertankers with Saudi oil exit Red Sea QatarEnergy extends LNG force majeure and charters out tankers into October, sources say Middle East war deepens 2026 oil deficit outlook, but 2027 glut still looms US House passes $1 trillion defense bill despite Iran, Israel concerns Cutting off Red Sea oil route may be one crisis too many Risk of new chokepoint in Iran war US military completes 12th straight night of strikes on Iran Houthis say they attacked two Saudi tankers; Saudi Arabia says one ablaze in Red Sea Israeli strike, West Bank violence kill five Palestinians, officials say Concerns of Palestinian economic crisis grow as Israeli banks prepare to cut ties Two-thirds of Gaza may face acute hunger by year-end despite improvements, global food monitor says In Gaza's tent camps, a cigarette lighter becomes a lifeline BOJ likely to keep inflation warning but expect no big build-up in risks Japan's Nikkei ends more than 2% lower on AI spending worries Japan's factory activity stays firm as output surges in July, PMI shows Japan government highlights mounting inflationary pressure Japan June core inflation accelerates, stays below BOJ target US warns against excessive yen volatility, calls for BOJ rate hikes BOJ to raise rates again by December as weak yen revives inflation risks: Reuters poll US says Saudi nuclear deal off without Israel recognition A year in a foxhole: How one Ukrainian soldier survived beneath the front lines Wildberries, 'Russia's Amazon', becomes a target for Ukraine Military activity hits water supply at Zaporizhzhia nuclear plant and nearby town, IAEA says Russian head of FIDE suspends activity over EU sanctions Ukraine's Zelenskiy says Raytheon wants to help produce interceptors Ousted Ukrainian defence chief digs in against Zelenskiy No 'definitive' evidence Irish alumina exports used in Russian weapons, Irish PM says Widening Ukrainian attacks on Russian online retailer Wildberries shutter another warehouse Crimea brings back public street phones for emergency calls Kazakhstan slows oil output after drone strikes on export port Ukraine hits more warehouses of Russia's top online retailer Wildberries Shipowners halt calls at Ukraine's Black Sea ports, wary of Russian strikes EU targets Russian banks in new sanctions package over Ukraine war Two dead, five injured in Ukrainian attacks on Crimea and southern Russia, authorities say UK firms plan smaller price rises and wage hikes, BoE survey shows UK firms report first growth in three months, cost pressures ease - PMIs Burnham needs a new approach and money to boost social housing, think tank says UK says latest US tariffs mean "no negative change" for British businesses UK retail sales get surprise boost from hot weather and World Cup Britain's new prime minister hands pubs business rates cut UK police sorry for 'missed opportunity' to stop deadly synagogue attack as associate jailed Former BBC journalist awarded £20,000 from NI police, MI5 for unlawfully obtaining phone data US Education Department removes key rules against discrimination Court rejects Trump administration's bid to re-detain pro-Palestinian Georgetown scholar Taylor Farms temporarily shuts Mexico processing facility as U.S. cyclosporiasis cases rise, source says US prosecutors drop New York Times subpoenas in Trump plane leak probe US states sue Trump administration for conditioning disaster funds on election changes Seaplane crashes in Washington state, all 11 people on board accounted for Wisconsin protesters demand justice for man shot dead by police Nestle pushes for simpler US food labels to shed 'Frankenstein' ingredients image US weapons makers confront Europe's drive for local control ECB survey shows broadly unchanged inflation outlook Ford to recall more than 565,000 US vehicles over engine compartment fire risk Wise tumbles after US declines national trust bank application American Airlines cuts 2026 outlook as fuel shock overwhelms revenue gains Airline group IATA taps World Economic Forum's Zahidi as new chief China's Geely to make electric SUVs at Ford Spain plant, jointly develop model for Europe Tesla's once-bullish tone on robotaxis shifts Mobileye founder's decision to step down as CEO, weak forecast hit shares Harley-Davidson posts lower quarterly results as raw material costs rise Short sellers notch $15.5 billion profit as SpaceX shares slide BMW to recall over 318,000 US vehicles over starter motor overheating risk As Musk pivots beyond cars, Tesla’s autos engine is under strain Hyundai Motor misses Q2 forecast, keeps outlook as it plans new model launches US grid operator extends advisory amid heat, outage risks US imports first fuel oil cargoes shipped via Syria as Iraq leverages new export route Oil executives rush to complete contract migration in Venezuela, sources say Malaysia's resource anxiety tests Asia's fastest data centre build-out US energy officials consider power shift in PJM electric grid Cathay Pacific raises fuel surcharges from August 1 as jet fuel prices surge Landslide death toll rises to 11 in southwest China, 50 still missing US tests GMO flies in rush to fight flesh-eating livestock pest In wildfire-ravaged Spain, farmers revive native sheep and cows to graze on flammable plants Venezuela quakes caused $19.6 billion in damage, World Bank report shows Heavy rain and flooding kills 82 across India, Pakistan and Afghanistan Poultry firm recalls nearly 1.6 million dozen eggs over potential salmonella, US FDA says Commerzbank says ready for takeover talks with UniCredit ECB to make new euro liquidity line available from Q4 Euro zone consumers cut inflation expectations in June Euro zone firms struggle to raise consumer prices after Iran shock, ECB poll shows Stagflation talk returns to rattle markets as oil rebounds to $100 Sabadell forecasts higher profit, lending income after margin squeeze HSBC sells Singapore insurance unit to Allianz in $2.1 billion deal Macquarie taps veteran Greg Ward to succeed high-profile CEO Wikramanayake Ambition and caution as Macquarie turns to a safe pair of hands India's Manipal Health to spend $414.4 million to expand capacity FDA advisers back first four of seven unapproved peptides under review for looser rules Lettuce samples at Taylor Farms negative for cyclospora, Mexican authorities say FDA panel votes to place popular peptide BPC-157 on compounding list Senator backs Trump CDC pick Schwartz, boosting path to confirmation GE HealthCare says CFO Saccaro to step down; reports preliminary Q2 results AstraZeneca 'magic' faces rare test after trial failure, share slide 'Avatar Aang' film creators unveil first Avatar Studios film at Comic-Con despite setbacks Venice bets on auteur cinema and A-lister stars as Hollywood pulls back Indian stars Ranbir Kapoor and Yash at Comic-Con to promote 'Ramayana' UK's Hyperoptic shifts focus to customer growth after reaching 2 million homes Vietnam proposes banning under-16s from posting on social media Paramount-Warner Bros deal paused through August 17, judge rules Amazon's Bezos pushes Prime Video redesign focused on AI Swiss chocolate maker Lindt misleads consumers about child labor, US lawsuit claims How the hunt for value sparked a US private-label revolution Carrefour sales beat forecasts as France, Brazil drive growth Nestle sheds water stake as it eyes faster growth Albertsons shares head for worst day as consumer caution fuels forecast cuts Alphabet's cash burn raises alarm for Big Tech as AI spending climbs Cryptocurrency exchange BitMEX to shut down British Gas owner Centrica to cut 1,300 jobs, flags slower trading arm growth Immigrant employment in the EU reaches record high, study shows BNP Paribas Italy in talks with unions over workers' protections in planned overhaul India's ACC posts fall in quarterly revenue, profit as soaring costs erode margins India's Hindustan Zinc names new CEO; quarterly profit more than doubles on strong metal prices China's PBOC to conduct overnight reverse repos, inject a total of 2.1 trillion yuan India's Dr Lal PathLabs posts higher first-quarter profit on healthy demand for tests India's Shriram Finance posts strong quarterly profit, expanding loanbook at lower cost Russia's Novatek says H1 net profit edges down 3% year-on-year to $2.8 billion Gold softens on prospects of Fed rate hikes India's Adani Energy gets $880.8 million Andhra Pradesh transmission project Japan identifies large share of rare earths in deep-sea mud off remote island Canada's Enervoxa plans India rare earths project, may tie up with Vedanta, NALCO Morning Bid: Oil batters bonds as AI burns cash Indian central bank steps up rupee defence across markets, traders say Indian rupee steadies as intervention blunts oil surge, hedging pressure Dutch engineering firm Arcadis confirms $5 billion bid from WSP UK's Reckitt to sell Russia hygiene business, expects $233 million hit Trive Capital-backed Lyntris reveals revenue jump in US IPO filing Eric Trump-backed Foundation partners with AMD to develop humanoid robots Dutch engineering group Arcadis attracts takeover interest, including from WSP, sources say McCormick plans secondary London listing after Unilever Foods merger, unveils operating structure Spain's Cellnex explores strategic options, Bloomberg News reports China to tax offshore trusts as Beijing targets overseas wealth Chinese EV maker Xpeng to recall 33,473 X9 vehicles Seoul advances increased cash rules for leveraged ETFs to July 31 German business activity returns to growth after four months, PMI shows French private sector contraction eased in July, flash PMIs show Singapore's GIC to invest an additional $30 billion in hedge funds Blackstone is addressing community concerns around AI, CEO says US Treasury bill issuance grows, heightens long-term risk Blackstone private credit fund withdrawal requests slowing, president says Equities surpass real estate as top US wealth driver for first time since WW2, Goldman says Ameriprise Financial quarterly profit rises on higher fee income India's SEBI proposes allowing portfolio managers to invest overseas, in to-be-listed securities Blackstone beats profit estimates with AI gains as assets hit $1.35 trillion Brazil extends gasoline subsidy for 30 days amid rising oil prices US investors rethink bonds' role as inflation reshapes portfolios Brazil says US tariffs related to forced labor are 'arbitrary' and 'unjustified' Mexican economy falters in May as construction dips Wall St falls as tech earnings spark AI spending worries and oil hits $100 Wall Street indexes dip with technology earnings, rising oil in focus Google hit with $1 billion EU fine, in 'constructive' talks to avoid more penalties White House monitors OpenAI's 'rogue' AI incident, lawmakers propose 'kill switch' India's solar push idles factories unable to shake reliance on China US Senator Warren accuses AI firms of trying to curb oversight in trade accord OpenAI's Australian data centre drops water recycling plan, testing a drive to curb resource use Australia's ASX finance chief Andrew Tobin to retire months after new CEO named ECB considering several options to mitigate losses Trump's consumer finance watchdog pick pledges 'open mind' on plans to fire most of agency work force US Justice Department streamlines merger review process Indian payments firms oppose one-click UPI checkout proposal, citing competition risks Brazil federal prosecutors move to block ethanol blend increase in gasoline China to boost wind and solar generation by more than 50% in five years France wildfire forces thousands to flee as tinder box conditions persist in warming Europe Italian court overturns Sardinia freeze on permits for renewable energy projects More than 10,000 evacuated in southwestern France as wildfire spreads Rhine river water falls again, freight vessels sailing part loaded Australia's Origin Energy confirms customer data breach Teen plaintiff suing Meta over mental health harms drops his claims against company days before trial Gang claims responsibility for hack at Coca-Cola's fairlife unit US weekly jobless claims plunge to lowest since 1969 Australia's Domino's Pizza considering appeal options after class action court ruling Why wildfires pose multiple threats to US power sector Climate change exacerbating drought across Europe, scientists say US firms' lobbying revenue hits new heights in 2nd quarter US Senate elevates Trump-appointed judge to federal appeals court Alabama updates ethics guidance for lawyers amid worries about AI misuse Minnesota man gets life in prison for assassinating Democratic lawmaker Law firm HSF Kramer reports $2.4 billion revenues in first post-merger year Texas court says state's lawsuit claiming midwife violated abortion ban lacks evidence US agency drops bid to force Penn to provide names in antisemitism probe Why New York's Mamdani cannot have Israel's Netanyahu arrested US announces visa restriction policy for people complicit in cybercrime Trump administration seizes on New Jersey voting error to demand noncitizen data Holland & Knight faces legal malpractice suit from client targeted by state AG lawsuits ChatGPT's advice kept man from seeking medical treatment for dangerous condition, lawsuit claims Bob Mackie settles lawsuits against JCPenney, business partner over apparel line Chipmaker Renesas sues rival Navitas for stealing trade secrets India's SBI Life posts quarterly profit rise on higher premium income Who is funding America’s widening debt with the rest of the world? Trading Day: Burn, baby, burn Junk bonds’ ‘thin’ spreads are an illusion America's 'mass affluence' is bigger than you think Morning Bid: Magnificent cash burn India's surging refined product exports ease Asia fuel crisis Trading Day: $100 oil looms Intel forecast crushes estimates as AI boom boosts chip demand Pentagon awards Oracle nearly $7 billion deal in latest software consolidation push India's HCLTech to invest $1.48 bln in AI data center, open 5,000-seat tech hub US and allies say Russian hackers stole emails without social engineering Trump tech adviser was briefed on OpenAI agent going rogue Greece to buy $4 billion air defence system from Israel Chinese AI's role in stopping rogue OpenAI agent shows cost of US guardrails Marco Rubio tells diplomats to play down talk of American tech 'kill switch' AI chip startup Etched raises $300 million at $10.3 billion valuation Anthropic mulls mandatory employee stock trading plans after IPO, The Information reports Dinosaur-era fossil provides insight into snake evolution Byzantine gold objects help archaeologists uncover past of ship wrecked off Croatia Alessandra Galloni delivers Andrew Olle Media Lecture in Sydney Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. 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