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Canada is set to announce retaliatory tariffs against the U.S. after trade talks collapsed, with Prime Minister Mark Carney vowing dollar-for-dollar measures. As the federal government rolls out support for affected workers and businesses, economists warn of significant job losses and potential grocery price increases. The move comes amid escalating trade rhetoric from President Trump and bipartisan backing in Canada for a firm response.
A SEBI study reveals that traders under 30 now make up 43% of individual derivatives participants, up from 31% four years ago, but 89% of them incurred losses in FY26. The study also shows that three-fourths of traders earn less than ₹5 lakh annually, and they account for 53% of aggregate losses, even as the overall trader base contracted 18%.
Several senior White House aides, including Press Secretary Karoline Leavitt and legislative affairs director James Braid, are leaving as the administration braces for a potentially turbulent second half. Officials and analysts cite concerns about Republican losses, congressional investigations, and post-government career prospects.
Michigan Democratic Senate nominee Abdul El-Sayed has sought to distance himself from progressive commentator Hasan Piker after Piker's comments about American Jews sparked bipartisan criticism. Meanwhile, El-Sayed faced backlash over online posts targeting Vice President JD Vance's wife, Usha Vance, and White House aide Natalie Harp, as well as a combative interview on Fox News.
The IDF and Shin Bet eliminated a Hamas weapons manufacturing commander in the Maghazi area of Gaza, striking a site near an aid distribution point. The military accused Hamas of using civilian infrastructure and violating the ceasefire, while Hamas health officials reported two deaths, including a child.
The S&P 500's Shiller CAPE ratio recently hit 42.2, the highest since 1999 and just below the all-time record of 44.2. While the metric signals historically elevated valuations, analysts note that today's tech leaders are profitable, unlike many dot-com-era startups, suggesting the market may not follow the same trajectory.
Mexico resumed live cattle exports to the US on Monday, ending nearly two years of restrictions imposed following a screwworm outbreak. The phased reopening brings relief to Mexican ranchers but faces scrutiny as the parasite continues to spread on both sides of the border, while economists doubt it will lower record-high beef prices.
Canada suspended trade negotiations with the US on August 21, 2026, after Washington offered only partial tariff relief and added new demands. The Global Trade Research Institute (GTRI) says India should secure binding, durable concessions before making any commitments, and Washington's concern over Chinese transshipment through Canada adds a geopolitical layer to the dispute.
Enzo Maresca secured his first Premier League win as Manchester City manager with a dramatic 2-1 comeback against Bournemouth on August 23, 2026. Marc Guehi equalized in the 84th minute and Josko Gvardiol scored a stoppage-time winner after Marcus Tavernier's first-half strike. Substitute Rayan Cherki provided both assists in the turnaround at the Etihad Stadium.
Volkswagen CEO Oliver Blume has warned that the company is in a 'more than critical' state, facing the 'biggest upheaval' in its history due to global headwinds and Chinese competition. With plans for massive job cuts and potential factory closures, Blume is meeting workers to defend the company's savings plans, while unions and politicians push back.
India has clarified that discussions on leaders' public appearances are standard protocol for VVIP visits, following US Ambassador Sergio Gor's claim that New Delhi requested no press questions before PM Modi's meeting with President Trump, which Trump then turned into a 45-minute press conference. The government also cited Trump's 'unpredictable behaviour' as a reason for its cautious approach.
NPR's World Cafe will showcase Irish music in a two-week Sense of Place: Dublin series from 24 August to 4 September, featuring artists like U2, Hozier, CMAT, and Sinéad O'Connor. Host Raina Douris and senior producer Kimberly Junod spoke about the series ahead of the programme's 35th anniversary.
Editorial cartoonists this week focused on the U.S. national debt surpassing $40 trillion, drawing attention to President Trump's role, while others highlighted reported problems aboard the USS Abraham Lincoln and contrasted ICE's equipment with that of overseas troops.
United Airlines CEO Scott Kirby is pursuing an aggressive expansion strategy, including a return to New York's JFK airport, new international routes, and premium cabin investments. However, he faces a challenge with hundreds of lie-flat seats in storage due to Boeing 737 Max 10 delays. Kirby also discusses potential mergers, AI integration, and his personal philosophy on competition.
The Terror returns with its third season, Devil in Silver, starring Dan Stevens as a man committed to a psychiatric hospital. The six-episode season arrives on Sky and NOW from August 23.
Iran announced the discovery of a gas field containing over 7.5 trillion cubic feet of natural gas in Fars province, with about 5.7 trillion cubic feet recoverable. The announcement comes as Iran faces US sanctions and blockade, and as repairs continue at its South Pars field.
Prime Minister Lawrence Wong said Singapore will not allow itself to be used as a conduit for illegal trade practices, responding to US allegations that the city-state could be used by Chinese exporters to avoid tariffs. However, he acknowledged practical limits, noting Singapore cannot trace every product that passes through its shores. The remarks came during his National Day Rally speech on Aug 23.
House Democratic Leader Hakeem Jeffries met privately with Jared Kushner, President Trump's son-in-law and adviser, to discuss potential areas of common ground such as housing, immigration, and cost of living. The meeting, first reported by The New York Times and confirmed by multiple outlets, has drawn reactions from both parties, with Speaker Mike Johnson downplaying its significance while some Democrats express concerns.
President Donald Trump is considering a new 7.5 percent tariff on Chinese goods over excess manufacturing capacity, according to multiple reports citing people familiar with the deliberations. Officials view the rate as calibrated to preserve a trade truce and a planned late-September meeting with Xi Jinping. The step follows a Supreme Court ruling against earlier reciprocal tariffs and comes amid wider U.S. duties that Asian economies have largely accepted without retaliation.
Democratic candidates in competitive 2026 races are taking varied approaches to former Vice President Kamala Harris, with some campaigns in Iowa and Alaska declining her involvement while others accept support. Prediction markets and ratings shifts show Democrat Rob Sand leading in the Iowa governor’s race in a state long dominated by Republicans. Harris remains a leading figure for 2028 even as her 2024 performance shapes current calculations.