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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.
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.
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.
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.
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.
Ottawa mayoral candidate Neil Saravanamuttoo promised in a campaign video to raise the Palestinian flag at city hall if elected, citing the UN's genocide findings in Gaza. His remarks have drawn criticism from B'nai Brith Canada and Honest Reporting Canada, while other candidates and the incumbent mayor have responded to the controversy.
Angie Nixon's upset Senate primary win and David Jolly's gubernatorial nomination highlight Florida Democrats' internal divide, while Republicans also faced primary challenges. The general election remains tilted toward the GOP in a state where registered Republicans outnumber Democrats by 1.5 million.
Ra'am chairman Mansour Abbas has made Palestinian statehood a central theme of his election campaign, declaring that 'the State of Palestine exists' and calling for an end to the occupation. His remarks drew sharp responses from opposition leader Gadi Eisenkot and Prime Minister Benjamin Netanyahu, who vowed to prevent the establishment of a Palestinian state while he remains in office. The exchange comes ahead of Knesset elections scheduled for October 27, with polls showing Netanyahu's bloc short of a majority.
Israel struck a target in southern Syria, saying it killed a terrorist preparing an imminent attack. Damascus condemned it as a drone attack on a civilian vehicle that injured civilians, amid rising tensions with Israel and Turkey.
Bill Maher's recent comments on 'Real Time' about the Democratic Party's attitude toward Jewish faith have sparked reactions, with the comedian pointing to a perceived double standard. The exchange, which followed a segment on Texas Democrat James Talarico's Christianity, has been seized upon by critics of the party, who cite polling on Israel and recent primary results.
External Affairs Minister S. Jaishankar downplayed the relevance of the Mecca Joint Defence Agreement signed by Pakistan, Saudi Arabia and Turkey, questioning what it had achieved amid 'live military situations' facing each signatory. India says it will factor the pact into its security calculus, while analysts debate whether the agreement is a genuine defensive alliance or a reaction to waning US security guarantees.
Alex Lanier defeated Japan's Kodai Naraoka 21-11, 21-11 in the men's singles final at the BWF World Championships in New Delhi, becoming the first French player to win the title. The French pair of Thom Gicquel and Delphine Delrue also won gold in mixed doubles, making it a historic day for French badminton.
US special envoy Tom Barrack withdrew his earlier comment that Israel 'still occupies' the Golan Heights, saying he was referring to historical status and not changing US policy, which recognizes Israeli sovereignty since 2019. He also addressed criticism over his remarks on Lebanon negotiations and Israeli strikes in Syria.
102 former French and British diplomats signed an open letter published in Le Monde, urging their governments to jointly sanction Israel, including arms transfer bans and a freeze on trade agreements, warning that Israeli policy threatens to erase the possibility of a Palestinian state.
A new documentary about Israeli musicians healing through music after the October 7 attacks premiered in Jerusalem, with US Ambassador Mike Huckabee in attendance. The film follows ten survivors to a rock camp in Los Angeles, featuring interviews with several participants and reflecting on the power of music in recovery.
The World Bank’s Summer 2026 Lebanon Economic Monitor projects a 6.4% economic contraction this year, after Hezbollah’s renewed conflict with Israel in March derailed a 2025 recovery that had seen 4.2% GDP growth. Inflation is expected to rise to 17.5%, and the report warns that reforms are critical to restoring confidence and mobilizing reconstruction financing.
Mark Ruffalo has pushed back against Paramount's accusation that his criticism of its Warner Bros. merger invoked 'antisemitic tropes,' calling the claim 'appalling and fundamentally dishonest.' The dispute, which has drawn in Jewish advocacy groups and even other actors, centers on Ruffalo's linking of the merger to Oracle's technology support for Israel.
Artem Dolgopyat won the European floor exercise title for the third time, scoring 14.466 in Croatia. The 29-year-old added to his decorated career, with officials praising his achievement and the athlete reflecting on age and upcoming challenges.