Description:

Articles in this issue: Indian education minister resigns in major win for youth protesters Missiles targeting Saudi oil refineries shot down, sources say Trump mixes jokes with barbs at press freedom dinner Guterres makes first visit to Syria by UN chief since before civil war Tens of thousands flee fires in France, blazes merge outside Madrid Trump imposes new tariffs, drawing protests from trading partners Trump says he won't proceed with nuclear deal unless Saudis join Abraham Accords Southern China braces for typhoon Noul, suspends public transport High winds could make fighting Spanish wildfires harder, officials say Italy defence minister offers ousted Ukraine counterpart Fedorov adviser role South African president gets court order halting inquiry into 'Farmgate' scandal Women in Sudan's al-Obeid face drone attacks and rape when fetching water, UN says Gabon opposition leader jailed for political reasons, his lawyers say Ecuador says Canada trade deal to make 99.6% of exports tariff-free Guinea-Bissau's imprisoned opposition leader allowed to travel for medical treatment Nearly 3,000 confirmed infected with Ebola in Congo after data review South Africa's finance minister to appoint new board at state asset manager Morocco's economic growth to slow to 4.2% in 2026, World Bank says Lula leads Flavio Bolsonaro in Brazil election poll Costa Rica captures most wanted fugitive also sought by US, authorities say Argentina President Milei flies to Brazil to kick-start Bolsonaro presidential bid Embraer's backlog hits record $34.5 billion in the second quarter, rising 16% US says it will lift ban on imports of Mexican cattle Trump says Venezuela is not ready for elections, but has made progress Brazil says 16.5% of exports face combined US duties of 37.5% Canada's crops in best shape in a decade despite extreme weather, monitoring firm says Trump vows tariffs on Canada over wildfire smoke Brazil's Lula signs into law foie gras ban, angering France South Korea's SK Hynix, Samsung Elec sign $950 bln partnership with US big tech Australia's Queensland confirms H5N1 bird flu case, fourth state Samsung Elec, SK Group seal $950 bln deals as South Korea hosts AI powers Nvidia, SK Group unveil $500 billion-plus AI data centers initiative, memory partnership Bangladesh's President Shahabuddin, 76, resigns citing health concerns South Korean court orders SK Chairman Chey to pay record $640 mln in divorce Philippines accuses China of using water cannon on its vessels for a second day Magnitude 5.8 earthquake strikes North Island of New Zealand region, EMSC says Pakistan, Iran explore path towards new talks with US in a China-initiated push, sources say Canadian woman who was NATO intern arrested in Belgium on spying charge Five people killed in soil collapse in northern China Trump says he trusts Russia and China's leaders not to enable Iran China's CATL tops quarterly profit forecasts on robust energy storage business China's CiDi eyes overseas sales of autonomous mining machines this year China adds 14 EU entities to export control list over Russia-related sanctions US singer Chris Brown pleads guilty to 'bottle attack' in London nightclub Irish police intercept car with 'significant' bomb near Northern Ireland border TikTok charged with breaching EU tech rules on online safety for kids, EU says Attack on holiday camps kills eight, says governor of Russian-held territory in Ukraine Saudi Arabia and Houthis exchange fire as air defences intercept attack on oil refinery Romania says it shot down second drone breaching its airspace UN assembly approves mandate extension for rights chief, despite US warning Ukrainians back ousted defence minister as political crisis brews ECB facing mid-sized inflation shock, will get to 2% in year or so, Lane says Indian court says OpenAI did not violate news agency ANI's copyright India to roll out common customer ID for banks, insurers; mutual funds to follow, sources say Mozambique-flagged LPG tanker attacked in Iranian waters, Indian embassy says In India, Iran war forces Diet Coke to roll out a bigger can, heftier price tag US tariff puts Indian textile exporters at disadvantage, industry body says 'Lapdog media': Indian reporters caught in youth protest anger India's private sector growth slumped to over four-year low in July, PMI shows Indian shares log weekly losses as crude climbs, HDFC Bank tumbles India's Sooryavanshi draws confidence from maiden fifty Yemen teeters towards renewed war in shadow of Iran conflict Iran flew IRGC commanders, missile gear to Yemen's Houthis UK says armed forces ready to defend country after Iran warns over US bombers Tanker switches Asia voyage via Suez amid Houthi warnings, owner says Saudi vessel sustains minor hull damage after Red Sea attack, state news agency says Trump says US and Iran are talking, but Tehran is not yet ready for deal Add a month at sea and $2.5 million - what it costs oil tankers to flee Hormuz and Bab el-Mandeb Netanyahu to meet with Trump in Washington on Tuesday, PM's office says US hits network of Iranian financier Zanjani with more sanctions Residents enter shattered south Lebanon town after Israeli withdrawal EU sanctions Iranian judges, leading cyber group figure Japan says August crude supplies fully covered despite Middle East disruption 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 Israel launches military operation after deadly clash near Palestinian village WFP warns of deeper cuts in Gaza aid due to donor fatigue Two-thirds of Gaza may face acute hunger by year-end despite improvements, global food monitor says 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 Trump says Israeli PM Netanyahu will visit US next week Greek-operated air defence system shoots down missiles over Saudi From steppe to sea, a Ukrainian drone unit hunts Russian ships Russian missile strike kills 10 at Ukrainian defence event Zelenskiy says US, Ukraine moving forward on joint drone production Estonian town wraps school windows in film to protect children from military drones EU sanctions Georgian refinery for processing Russian crude White House says Trump, Zelenskiy to meet in Washington next week Russia says it will wait for new Trump proposals on ending Ukraine war Crypto exchange HTX included in EU's Russia sanctions What's in the EU's 21st package of sanctions against Russia Russian entrepreneurs see stock go up in flames as Ukraine targets Wildberries Romania shoots down drone in airspace incursion for first time Russia says it hit three Ukrainian ports overnight striking infrastructure and fuel Wildberries, 'Russia's Amazon,' says Ukrainian drones struck three more of its warehouses Military activity hits water supply at Zaporizhzhia nuclear plant and nearby town, IAEA says Russian head of FIDE suspends activity over EU sanctions UK's Burnham opens 'No10 North' to shift economic power from London Five UK police officers injured after boat strikes bridge in London New UK PM Burnham to stick with City-friendly agenda, person familiar with the matter says UK businesses and consumers more positive, but boost may not last Plane and engine makers in tug of war over future jet servicing profits Aerospace fights for young recruits as AI drains talent pool Bank of England to hold steady this year but Iran war inflation risks persist NatWest had funded failed consumer lender with up to £250 million, filings show UK says latest US tariffs mean 'no negative change' for British businesses Appeals court rejects Trump bid to halt $100,000 H-1B visa fee ruling Democrats pick South Carolina to open 2028 nomination race, underscoring Black voters' role US judge says Biden-era restrictions on prescribing abortion drug are unlawful Trump pledge on data center power supplies draws skepticism Death of Black teen Nolan Wells to go to Mississippi grand jury US appeals court blocks part of Texas children's online safety law Teen pleads guilty to killing four people in 2024 US school shooting Trump orders signs outside Smithsonian museum to correct what he calls 'inaccurate information' Its AI agent spent days hacking a company, but sources say OpenAI did not notice for a week Wall St Week Ahead US stocks face tests from Fed decision, tech-led earnings deluge Paramount agrees to pause Warner Bros deal while case plays out Samsung Elec wins $200 billion Broadcom AI chip partnership, boosting foundry push Nasdaq lags on angst over AI spending ahead of earnings reports US small businesses file lawsuit challenging Trump's new 'forced labor' tariffs Nvidia, Microsoft and other tech giants back open-source AI models Trump says US to launch EU probe over 'illegal' Google fine Waymo explores ending Uber partnership, Financial Times reports Fuel swings turn US airline earnings forecasts into moving targets US targets $2.2 billion in rebates to airlines that retrofit planes over wireless interference US weapons makers confront Europe's drive for local control Defense tech company Anduril in talks to raise funding at about $100 billion valuation US agency rejects petition seeking Tesla door-release defect probe Volkswagen makes case for deep cuts as Chinese competitors close in on Europe Ford to recall more than 565,000 US vehicles over engine compartment fire risk Output of Serbia's biggest hydropower plant falls to a third due to low Danube levels Oil falls on report China pushing for end US-Iran war Investors fret that spiking oil prices and rising yields could threaten stock rally Argent LNG wins US approval for exports to nations with free-trade agreements Kuwait's KPC signs $16 billion lease and leaseback deal for oil pipeline network SLB profit beats as strength outside Middle East offsets war disruptions Barclays sees upside risks to 2026 Brent price view given Strait of Hormuz impasse JPMorgan warns 'super' El Niño and oil shock could prop up global inflation Suburbs around Bordeaux evacuated as wildfires rage Wildfires spread in Western Canada as temperatures rise, lightning strikes Record-low Danube water levels in Serbia, Croatia leave boats beached, reveal decades-old shipwrecks Kazakhstan freezes assets of Kashagan operator over disputed $5 bln environmental fine China braces for heavy rain as tropical storm Noul edges closer Private credit roundup: Insurers step up as liquidity pressures build EU narrow sanctions exemption could help UniCredit close stalled Alfa deal Bank of America hikes common stock dividend by 14% UniCredit's Orcel ready to engage with German government on Commerzbank bid AmEx's steady profit outlook clouds revenue forecast boost; shares fall Commerzbank chairman says bank is ready for takeover talks with UniCredit ECB to make new euro liquidity line available from Q4 Novo Nordisk pursues preliminary injunction to block Eli Lilly weight-loss drug ads US FDA widens investigation into cyclosporiasis cases to four more states US FDA approves Outlook Therapeutics' eye disease drug Amgen submits new data to challenge FDA's proposal to withdraw Tavneos US FDA approves over-the-counter Tylenol combination pill for pain relief Abbott defeats shareholder lawsuit over 2022 infant formula recall FDA advisers recommend relaxing US rules on compounding peptides US measles cases hit 35-year high as vaccinations decline Verizon lifts annual forecasts, signs $1 billion fiber deal with Google Verizon signs deal with Google worth over $1 billion Paramount-Warner Bros deal paused through August 17, judge rules Nestle pushes for simpler US food labels to shed 'Frankenstein' ingredients image UK retail sales get surprise boost from hot weather and World Cup How the hunt for value sparked a US private-label revolution Poultry firm recalls nearly 1.6 million dozen eggs over salmonella risk, FDA says FDA panel votes to exclude peptide emideltide from pharmacy compounding list FDA advisers back first four of seven unapproved peptides under review for looser rules Lilly announces more next-gen obesity drug data, plans Q1 2027 FDA application AI shortens drug discovery to around 1 year in China, Insilico CEO says Cigna says AI tools to save customers $200 million in medical expenses over three years Merck licenses experimental HIV pill to generic makers in 129 countries Cryptocurrency exchange BitMEX to shut down Take Five: A $100 question Stocks mixed as oil prices pause climb but yields hover near highs US equity funds log outflows for a second straight week as tech earnings eyed The financial week in five charts: Houthis, gilts and wildfires Stagflation talk returns to rattle markets as oil rebounds to $100 China places former deputy chief of securities regulator under investigation Hong Kong eases listing thresholds to draw more IPOs ICICI Bank prices $1 billion debt in largest dollar issue by Indian private lender Hong Kong adjusts rules for leveraged and inverse ETFs as trading boom fuels volatility Asia LNG hits four-month high on fears of wider Mideast shipping disruption India's Tata Consumer warns of more price hikes if costs stay volatile Chinese robot maker AgiBot starts Hong Kong IPO process, Securities Times reports China's PBOC to conduct overnight reverse repos, inject a total of 2.1 trillion yuan Vitol paid out $5.9 billion to shareholders in 2025, filings show Most Gulf Coast refineries unaffected by Tropical Storm Bertha HF Sinclair sues EPA for delays on biofuel exemption decision, Bloomberg News reports Morning Bid: Running on empty Sterling set to end three-week winning run as BoE decision nears Taiwan central bank says it has good communications with US Treasury after currency report UK firms plan smaller price rises and wage hikes, BoE survey shows Euro zone consumers cut inflation expectations in June Devon Energy mulls $4 billion sale of Eagle Ford, Powder River assets, Bloomberg News reports Ridgeview offers to buy UK's Pinewood Technologies at £545 million valuation Beumer sues EU antitrust regulators over Vanderlande, Siemens deal, court filing shows Blackstone, Donerail among final bidders for yacht retailer MarineMax, sources say BP nears deal to sell solar business to Kuwait-backed group, FT reports Dutch engineering firm Arcadis confirms $5 billion bid from WSP Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply Samsung, SK Hynix to announce major chip deals with US tech companies, Seoul says India regulator bars former Axis MF dealer for seven years in front-running case Global equity funds attract ninth weekly inflow amid upbeat earnings expectations Seoul advances increased cash rules for leveraged ETFs to July 31 London's FTSE 100 rises as HSBC lifts financial stocks; Middle East tensions linger Euro zone firms struggle to raise consumer prices after Iran shock, ECB poll shows ECB survey shows broadly unchanged inflation outlook German business activity returns to growth after four months, PMI shows French private sector contraction eased in July, flash PMIs show US investment-grade bond funds see $7 billion record weekly outflows Temasek eyes defence deals as Europe boosts military spending, executive says Singapore's GIC to invest an additional $30 billion in hedge funds Brazil eases spending curb despite revenue shortfall from dividend tax US new home sales pick up in June, but affordability challenges remain US business activity perks up in July, helped by World Cup, but trend may not last, S&P Global says Russian central bank cuts key rate by 25 bps to 14% as Ukrainian drones hit economy Fed Chairman Warsh faces cruel summer as bond yields spike ECB extends use of certain climate factors in Eurosystem collateral framework Tesla and Alphabet spook investors as earnings season kicks off Around 2,000 Brazilian products exempt from both recent U.S. tariffs, minister says Brazil extends gasoline subsidy for 30 days amid rising oil prices Brazil says US tariffs related to forced labor are 'arbitrary' and 'unjustified' Wall St falls as tech earnings spark AI spending worries and oil hits $100 White House monitors OpenAI's 'rogue' AI incident, lawmakers propose 'kill switch' India's Hindustan Zinc names new CEO; quarterly profit more than doubles on strong metal prices Explainer: Copper, growth, IMF: What investors are watching in Zambia's upcoming election Malaysia's resource anxiety tests Asia's fastest data centre build-out Australia's Origin Energy confirms customer data breach US weekly jobless claims plunge to lowest since 1969 NextEra beats profit estimates as data center power demand lifts utility growth Washington lawyer Tom Goldstein gets 6 years in prison for tax crimes International Criminal Court members dismiss prosecutor Khan over sexual misconduct allegation US prosecutors drop New York Times subpoenas in Trump plane leak probe Alex Saab, ally of Venezuela's Maduro, pleads not guilty to US charges US Education Department removes key rules against discrimination US states sue Trump administration for conditioning disaster funds on election changes Law firm HSF Kramer reports $2.4 billion revenues in first post-merger year Alabama updates ethics guidance for lawyers amid worries about AI misuse UK's Reckitt to sell Russia hygiene business, expects $233 million hit Who is funding America’s widening debt with the rest of the world? War? What war? Aluminium's Gulf disruption premium vanishes Weekend Reads: Kill zones, battery recycling and Jamie Dimon Trading Day: Burn, baby, burn China fines Trip.com $770 million over online hotel-booking monopoly Anthropic rolls out Opus 5 AI model in efficiency upgrade Meta adds new task automation features to AI assistant As AI grows more powerful, a US-China feud threatens safety efforts Qualcomm tells customers of double-digit price increases, Bloomberg News reports SpaceX launches 13th Starship test, briefly deploys first upgraded Starlinks SpaceX moves Starship launch attempt to Thursday Andean leaf-eared mouse adapts to an unrivalled high life Comic-Con cosplayers brave heat, mishaps and months of work to showcase fandom 'Rings of Power,' 'Blade Runner 2099' preview new worlds at Comic-Con 'Avatar Aang' film creators unveil first Avatar Studios film at Comic-Con despite setbacks Indian stars Ranbir Kapoor and Yash at Comic-Con to promote 'Ramayana' Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers.