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US President Donald Trump and Canadian Prime Minister Mark Carney spoke by phone ahead of new 50% tariffs on Canadian goods, with negotiations described as 'intense and delicate.' The talks cover about $20bn in imports, with disputes over auto tariffs and US content requirements remaining unresolved.
The United States has sanctioned the president of the International Criminal Court and a senior trial lawyer over their involvement in investigations the US deems illegitimate. The move has drawn criticism from the European Union and quiet concern from Australia, a founding ICC member.
Canada will announce retaliatory tariffs against the United States on Tuesday, following the collapse of trade negotiations and the imposition of 50% U.S. tariffs on Canadian goods. Prime Minister Mark Carney has accused Washington of trying to subordinate Canada, while President Donald Trump has threatened further tariffs and personal attacks on Canadian leaders.
US President Donald Trump again shared a map depicting the Strait of Hormuz as 'NEW US Territory,' drawing a sharp rebuke from Iran's top security official. As the US prepares to announce major new sanctions, Iran has threatened to target countries that join the economic pressure campaign and warned that not a drop of oil would pass through the strait if it is besieged.
US Treasury Secretary Scott Bessent announced an 'economic D-Day' against Iran, vowing to sever Tehran's economic lifelines. Iran has threatened to halt oil exports through the Strait of Hormuz and warned of an 'act of war' against supporting nations, escalating tensions.
A deep partial lunar eclipse will occur on Aug. 27-28, 2026, with about 96% of the moon entering Earth's umbra. Visible across the Americas, Europe, Africa, and parts of Asia, it will not be a true blood moon but will give the lunar surface a reddish or coppery hue. Observers in the Americas are best positioned, while those in India will miss the event.
An Indonesian frigate joined a brief naval exercise with China's navy off Taiwan's east coast during Taiwan's Han Kuang drill, prompting Taipei to request an explanation. Jakarta described the maneuver as a routine transit, while analysts debate the implications for Indonesia's longstanding neutral foreign policy.
A cargo vessel was hit by an unknown projectile in the Strait of Hormuz, damaging its engine room and causing a crew casualty, according to UKMTO. Brent crude rose above $91 and WTI topped $85 amid renewed fighting in Lebanon and hopes for a US-Iran deal fading. Meanwhile, oil producers have adopted 'dark' transits and ship-to-ship transfers to keep exports flowing despite the conflict.
Indian stocks closed largely unchanged on Friday, capping a second straight weekly decline, as geopolitical tensions and rising crude prices kept investors cautious. GIFT Nifty pointed to a positive opening on Monday, with attention on US sanctions on Iran and Federal Reserve signals.
Indian equity markets opened higher on Monday, tracking positive global cues and easing crude prices, with the Sensex gaining over 200 points and the Nifty hovering near 24,300. However, analysts remain cautious about elevated geopolitical risks and the impact of high oil prices on the rupee and market sentiment.
The United States imposed 50% tariffs on $20 billion of Canadian goods after last-minute trade talks failed, prompting Canada to announce dollar-for-dollar retaliatory tariffs starting September 8. Prime Minister Mark Carney called the US terms 'uneconomic' and 'unfair,' while US Trade Representative Jamieson Greer blamed Canada for declining the deal and warned of further measures.
California AG Rob Bonta canceled Monday's settlement talks with Paramount, accusing the company of leaking confidential details. Paramount denies the leaks and has asked a judge to require the states to post a $1.88 billion bond to cover delay costs, as the $110 billion Warner Bros. Discovery merger faces a March trial.
Indian shuttlers had a mixed day at the BWF World Championships in New Delhi: Ayush Shetty continued his remarkable run with a straight-game win, PV Sindhu reached the third round, but Lakshya Sen and Unnati Hooda were ousted in three-set matches.
Iran's rial dropped to a record low against the dollar as Washington readied what it called an 'economic D-Day' of new sanctions. The currency's fall underscores the toll of nearly six months of war, with inflation soaring, oil exports halted, and pressure mounting on Tehran despite its control of the Strait of Hormuz.
Indian equity benchmarks declined as Brent crude crossed $91 a barrel following the expiry of the temporary US-Iran ceasefire, reviving concerns over energy supplies. Foreign institutional investors sold equities, and higher US bond yields added pressure, while analysts noted a positioning-led correction with mixed global cues.
Bangladesh have recalled top-order batter Sharmin Sultana for the Women’s Asia Cup 2026 and Asian Games, with the BCB announcing a 15-member squad. The tournament runs from August 28 to September 13 in Dubai, with Sri Lanka defending their title.
Asian shares were flat on Monday as investors awaited details of threatened U.S. sanctions on Iran and braced for Nvidia's quarterly results. The Canadian dollar dipped amid a looming trade war, and gold prices climbed toward a record monthly gain.
Zambia's President Hakainde Hichilema has won re-election with about 60% of the vote, according to the electoral commission. The election was marked by opposition fraud allegations and a suspension of tallying. Chinese President Xi Jinping has congratulated Hichilema, pledging to strengthen bilateral ties.
Guo Degang, one of China's most prominent xiangsheng comedians, faces an investigation in Wuhan after changing a lyric of the revolutionary song 'Playing My Beloved Pipa' during a performance. Several of his shows have been canceled, and local authorities say the alteration was not in the approved materials and may violate regulations. The case highlights the strict boundaries performers navigate in China's entertainment industry.
Chinese Foreign Minister Wang Yi will make a two-day visit to South Korea starting Wednesday, meeting with Foreign Minister Cho Hyun and President Lee Jae Myung. The trip follows President Lee's proposal for multiparty talks to end the Korean War.