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The European Union's AI Act has entered a new phase, with transparency requirements now in effect and regulators gaining enforcement powers. The move is part of the bloc's broader strategy to regulate artificial intelligence, drawing global attention and criticism over delayed high-risk obligations.
Analysts warn that the threat to oil tankers in the Middle East is at its worst since the Iran war began, as attacks in the Red Sea compound the ongoing closure of the Strait of Hormuz. Iraq's main port of Umm Qasr has come to a standstill, and shipping traffic through the strait has dropped dramatically.
Board of Peace Director-General Nickolay Mladenov met with Prime Minister Benjamin Netanyahu and requested a halt to IDF strikes on Hamas to allow a 14-day ceasefire, according to sources. The meeting highlights growing tension between Israel's security operations and the Trump administration's diplomatic plan for Gaza.
The New South Wales government has announced a long-awaited shake-up of Sydney's toll road pricing, with reductions on several motorways but not on WestConnex or NorthConnex. The deal with Transurban includes an $850 million widening of the M2-M7, while critics say the biggest toll road will still rise at least 4% a year.
The US Department of Defense has signed multiyear agreements with Lockheed Martin and Northrop Grumman to sharply increase production of Patriot and THAAD interceptor missiles, responding to depleted stockpiles amid conflicts with Iran and support to Ukraine. The deals, valued at over $58 billion for Lockheed and $3 billion for Northrop, aim to triple Patriot and quadruple THAAD output, though production increases are expected by 2027-2028.
FIFA has dismissed as 'pure fiction' a New York Post report that its president sought support from the Trump administration after abandoning a plan to sell a stake in World Cup commercial rights. The plan's collapse followed widespread opposition, including a UEFA boycott threat.
Jordan Salinas, a healthcare worker, confronted a gunman at an In-N-Out Burger in Twin Falls, Idaho, on Saturday, returning fire and helping prevent further casualties. Salinas had been training with firearms since a 2021 Boise mall shooting. The attacker, Chad Williams, died from a self-inflicted gunshot wound.
The US Defense Department has signed framework agreements worth over $3 billion with Lockheed Martin and Northrop Grumman to expand production capacity for Patriot and THAAD missile interceptor components, aiming to triple and quadruple output respectively. The deals come amid concerns about strained stockpiles due to conflicts in Iran and Ukraine.
Iran's foreign minister says negotiations with Oman over a new shipping route through the Strait of Hormuz are in their final stages, while Tehran insists the waterway will not revert to its pre-war status. A proposed Omani-Iranian joint company could manage maritime services under one plan. The US has not been part of these talks, which are seen as a precondition to broader agreements under the June ceasefire memorandum.
The Board of Peace's high representative for Gaza says the body and mediating states are working to de-escalate after a new Israeli offensive. The strikes have killed civilians and destroyed medical supplies, while efforts continue to implement a US-brokered plan, including Hamas's disarmament.
US Central Command has asked military analysts for creative and unconventional ways to pressure Iran, according to CNN. Meanwhile, Admiral Brad Cooper has warned troops that cellphone videos and online posts can aid Iranian targeting of American bases, as President Trump considers expanding the air campaign, limited strikes, or renewed diplomacy.
The US and Japan have jointly intervened to support the yen, with Treasury Secretary Scott Bessent reportedly planning to purchase $5-10 billion in yen. This rare move, the first yen-buying intervention since 1998, follows the currency's fall to a 40-year low and involves complex motivations from both sides.
Pakistan's KSE-100 index gained over 2,100 points to close above 178,000 on Monday, driven by easing US-Iran tensions and softer oil prices. The rally, however, contrasts with a weak July where the index fell 2.3% month-on-month.
The Nigerian Presidency has responded to former Vice President Atiku Abubakar's criticism of President Bola Tinubu's economic policies, saying his remarks are based on outdated 2024 data. According to presidential spokesperson Bayo Onanuga, the economy has rebounded sharply with GDP rising in both dollar and naira terms, and reforms are yielding results. The statement also dismissed claims of an unaccounted oil windfall.
Israel has told the United States that the publicly released version of a Gaza plan does not reflect its positions, as it continues strikes despite a ceasefire. The development highlights tensions between President Trump and Prime Minister Netanyahu, with Hamas having agreed to disarm under the plan.
The South Korean won weakened against the U.S. dollar on Monday and Tuesday, as foreign investors remained net sellers of local stocks. The won closed at 1,429.8 won per dollar on Monday and 1,432.5 won on Tuesday, while the KOSPI fell 5.12% on Monday before rebounding 1.62% on Tuesday.
Seoul stocks plunged more than 5 percent on Monday as investors locked in profits from a record surge in semiconductor shares. The KOSPI fell 338 points to 6,257.45, with foreign and institutional investors leading the sell-off.
Ukrainian drone attacks targeted Wildberries warehouses in Russia's Ryazan and Vladimir regions, causing fires and evacuations. Authorities report injuries, while Ukraine accuses the retailer of aiding the Russian military.
A South Korean military official said a U.S. drone flight over the inter-Korean border area last week was the result of a communication error between working-level personnel. The incident, which nearly led to a shoot-down, followed a similar mishap involving the same unit, prompting an opposition lawmaker to call for the defense minister's resignation.
US Health Secretary Robert F Kennedy Jr has urged parents to vaccinate their children against measles, despite his history as a vaccine critic. The US has recorded over 2,370 measles cases this year, surpassing last year's multi-decade high, as vaccination rates decline.