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Deputy Prime Minister and Foreign Minister Ishaq Dar arrived in the UK on Sunday for an official visit from August 24-28, with meetings scheduled with UK Foreign Secretary Ed Miliband and other officials. A key agenda item is the fate of Pakistani crew members held by Somali pirates aboard the MT Honour 25, with Dar set to meet the IMO Secretary-General.
Finance ministers from six EU countries have written to Ireland, which holds the rotating EU presidency, urging that a windfall tax on oil companies be added to the agenda for next month's meeting of EU finance chiefs in Dublin. The letter, dated August 21, cites surging oil company profits and calls for an EU-wide framework to tax windfall profits, drawing on lessons from a similar 2022 levy.
Foreign portfolio investors poured ₹23,544 crore into Indian equities in August 2026, following a ₹20,200 crore inflow in July, as earnings revival and rupee stability boosted sentiment. Despite the turnaround, cumulative outflows for the year remain high at around ₹2.3 lakh crore. Experts attribute the shift to improved corporate earnings, currency stability, and selective buying in mid-caps.
After a week of marginal losses, Indian benchmark indices are expected to remain volatile as investors weigh escalating US-Iran tensions, a key Federal Reserve speech, and movements in crude oil prices. Analysts point to defensive sentiment and technical resistance levels, while broader markets show resilience in small-caps.
Bangladesh's natural gas crisis has forced the closure of major fertiliser plants, disrupted garment factories, caused power cuts and sparked protests. The crisis is blamed on underinvestment in gas fields and import disruptions linked to the US-Iran war, with the government now planning new drilling and imports.
Saudi Arabia's Crown Prince Mohammed bin Salman concluded a two-day state visit to France, meeting with President Emmanuel Macron amid agreements on health, transport, and energy, and discussions on regional security and a Dragon Ball-themed park.
The BRICS Sports Ministers' Meeting 2026 concluded in Visakhapatnam with the adoption of a joint declaration, as India advanced initiatives on sports technology and manufacturing. Union Minister Mansukh Mandaviya also led a BRICS Friendship cycling event, promoting the Fit India Movement and urging fitness for a developed nation.
Iran's parliament speaker says Tehran has received messages from neighbouring nations about shaping new security and economic cooperation in the region, while a top security official warns countries against joining a US-led 'economic war'. The statements come amid ongoing conflict and threats of new sanctions.
Iran's top security chief Mohsen Rezaei has vowed to 'neutralize the economic war' with the United States and threatened to halt oil flow through the Strait of Hormuz if neighboring countries join US sanctions. Meanwhile, a cultural faultline has re-emerged over hijab enforcement, with reports of cafe closures and defiant women.
US Energy Secretary Chris Wright said American oil and gas workers have driven production to an all-time high, making the U.S. the world's largest producer. He credited President Trump's energy policies for the achievement, while also highlighting U.S. military efforts to maintain oil flows through the Strait of Hormuz amid ongoing tensions with Iran.
Spa Weekend, the new comedy from The Hangover and Bad Moms writers Jon Lucas and Scott Moore, brings together Leslie Mann, Isla Fisher, Anna Faris, and Michelle Buteau as four friends whose luxury retreat spirals into chaos. The film, now in US cinemas, has sparked conversations about the state of original comedies on the big screen.
A British power plant was taken offline for four days after a cyber attack attributed to Iran-linked hackers, according to reports. The facility, described as relatively small, did not affect the UK's wider power supply, and the government has sought to reassure the public about the resilience of the energy system.
A small UK power generator was forced offline for four days last month in a cyber attack attributed to Iran-linked hackers, marking the first successful incident of its kind against a British energy facility. The government downplayed the impact, stressing no risk to the wider grid, while experts suggest the attack may have been a demonstration of capability by Iran's Revolutionary Guard.
Iran's Supreme National Security Council Secretary Mohsen Rezaei said the Strait of Hormuz will stay closed until the US corrects its behavior and fulfills its commitments. Tehran also announced service fees for authorized ships and warned of penalties for non-compliant vessels, as the US prepares new economic measures.
Iran's President Masoud Pezeshkian defends a memorandum of understanding with the US as the best path out of a stalled war, while the new head of Iran's Supreme National Security Council, Mohsen Rezaei, warns that the Strait of Hormuz will remain closed until the US changes its behaviour. Rezaei also threatens neighbouring countries against joining US economic pressure, and the US announces an 'Economic D-Day' campaign against Iran.
President Trump's 50% tariffs on $20 billion in Canadian imports took effect Saturday after last-minute negotiations failed, prompting Prime Minister Mark Carney to announce dollar-for-dollar retaliatory tariffs. U.S. politicians, including at least one Republican, warn the escalating feud will raise costs and damage relations.
Former British Prime Minister Boris Johnson, speaking at The Economic Times World Leaders Forum, urged closer coordination among India, the United States and the United Kingdom to end the Iran conflict and reopen the Strait of Hormuz. He described the US involvement as a mistake, recalled historical India-Russia ties via a conversation with Queen Elizabeth II, and pressed for greater pressure on Moscow over Ukraine while praising India's leadership and democratic trajectory.
President Donald Trump's latest financial disclosure reveals more than 1,000 securities trades in June, valued between $78.1 million and $263.1 million, including a notable purchase of SpaceX stock. The White House says the investments are independently managed, while critics raise conflict-of-interest concerns.
Iran's top security official, Mohsen Rezaei, accused President Trump of fostering global nuclear instability, while Washington announced a new 'Economic D-Day' campaign against Tehran. Iranian officials rejected the US move, and the confrontation deepened over nuclear and economic tensions.
Federal Reserve Chair Kevin Warsh faces a critical test at his first Jackson Hole symposium, while Nvidia's earnings and key economic data are poised to drive market direction this week.