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US Treasury Secretary Scott Bessent announced an expansion of sanctions against Iran, calling it 'an economic D-Day' and warning countries to sever financial ties with Tehran or face retaliation. The announcement came as Iran's currency hit a record low, with food prices soaring and the IMF forecasting a sharp GDP contraction.
Lando Norris won the Dutch Grand Prix but insists McLaren's slow-speed weakness leaves him without the car to challenge for the championship, trailing leader Kimi Antonelli by 83 points. Team principal Andrea Stella remains optimistic about the season's finish.
Pakistan wicketkeeper-batter Najiha Alvi has been ruled out of the ACC Women's T20 Asia Cup with a left knee injury, with Sadaf Shamas named as her replacement. The PCB confirmed the injury and said rehabilitation is expected to last up to four weeks. The tournament begins in Dubai on August 28.
Finland will host an EU leaders summit on the Arctic in Rovaniemi on September 13-14, aiming to strengthen the EU's strategic approach to the region. The meeting comes amid heightened focus on the Arctic, including US President Trump's claims on Greenland and China's Arctic shipping route.
Fast-fashion retailer Shein is set to debut on the Hong Kong stock exchange in September, aiming for a valuation of up to $27 billion. The IPO, which could raise around $1.8 billion, follows failed attempts to list in New York and London amid regulatory scrutiny.
China’s J-16 fighter and France’s Rafale are participating in the Eagles of Civilization joint air exercise in Egypt, which began August 22. The drills focus on joint training and coordination, not on a direct comparison of the aircraft, according to the Egyptian Armed Forces.
Taiwanese prosecutors on Monday indicted nine people, including an Nvidia manager and two Super Micro employees, for allegedly exporting high-end AI servers to China in violation of US export controls. The charges include breach of trust and document forgery, with authorities saying 74 servers reached China before 56 were blocked. Both companies said they are cooperating with authorities.
Alibaba has launched Wan3.0, its latest AI video generation model, which can produce up to 30-second clips from documents, spreadsheets, presentations, and web pages. The move intensifies competition with OpenAI and Google, as Alibaba boosts AI spending through a $10 billion share placement.
Gilas Pilipinas will play Jordan and Iran in the FIBA World Cup 2027 Asian Qualifiers' fourth window without naturalized player Justin Brownlee, as confirmed by head coach Tim Cone. The team enters with a 2-4 record and a four-game losing skid, but Cone expressed confidence in the size of his roster, including Kai Sotto's return.
India is negotiating free trade agreements with at least eight to nine more groups of countries, aiming to cover 75% of global trade, Commerce and Industry Minister Piyush Goyal announced during a business delegation visit to Japan, as he courted Japanese investment across sectors including semiconductors and AI.
Energy Minister Terje Aasland said Norway will continue developing Barents Sea oil and gas regardless of the EU's moratorium on Arctic drilling, and rejected the 'green battery' label. He emphasised Norway's sovereign right to develop resources, while the EU weighs energy security against environmental concerns.
Xiaomi has revised its after-sales service rules, excluding second-hand phones and devices bought through unofficial channels from certain warranty and battery protection benefits. Legal consumer rights under local laws remain unaffected, according to the company's terms.
Unofficial photos show Google's screenless Fitbit Air tracker available in Indian retail stores, with one seller pricing it around Rs. 16,000. Google has confirmed an October 2026 India launch for the device, but official pricing and availability details are still pending.
Former NBA center Enes Kanter Freedom was ejected from Sunday's WNBA game between the Indiana Fever and Chicago Sky after a verbal altercation with Sky guard Natasha Cloud. The incident, which occurred late in the third quarter, came amid ongoing debates over transgender participation in women's sports. Multiple sources and direct accounts from Freedom and team officials outline differing perspectives on the confrontation.
New Zealand's government has introduced a bill to ban under-16s from social media, with fines of up to 10% of global revenue for non-compliant platforms. The bill faces opposition from coalition partners and is unlikely to pass before the November election.
At UNCCD COP17 in Ulaanbaatar, LONGi presented two technological pathways for using photovoltaic systems to address food insecurity, from artificial starch synthesis to desert farming. Founder Li Zhenguo outlined the approaches, referencing a Nature Sustainability article and a pilot project in China's Kubuqi Desert.
Suzuki has revealed its first electric kei passenger car, the e Sky, which will be sold in Japan and the UK, with potential expansion to Europe and India. The vehicle targets a 310 km range, features a 26 kWh LFP battery, and is set to go on sale in Japan by March 2027.
India's mutual fund industry has grown at a 17.1% CAGR over five years, more than double the global rate, according to the AMFI-Crisil Factbook 2026. However, AUM remains only 13.7% of GDP versus a global average of 64.7%, indicating headroom. The investor base is broadening with SIPs, passives, and smaller cities gaining ground.
Alibaba Group Holding has raised HK$80 billion (US$10.2 billion) through a new share placement priced at HK$112.70 per share, an 8.4% discount to Friday's close. The offering, aimed at funding AI development, drew strong demand but sent shares down as much as 10% in early Hong Kong trade.
GMR Airports Ltd. unveiled plans to invest up to ₹19,400 crore ($2 billion) over five to seven years to expand its airports in New Delhi and Hyderabad, aiming to nearly double capacity at the latter. The move underlines bullish expectations for India's fast-growing aviation market, where rival Adani Group is also investing heavily.