◆ Daily Global-Macro Brief LIVE
TODAY IN 30 SECONDS

Risk-on with oil-driven inflation concerns, but bearish sentiment lingers

  1. Oil nears $100 as Hormuz attacks lift Brent 5% weekly · 4 sources
  2. Trump Vows to Declare Strait of Hormuz US Territory Amid Iran War · 2 sources
  3. Japan PM Condemns Putin's Visit to Disputed Kuril Islands · 2 sources
  4. US Retail Sales Miss Fuels Disinflation Concerns
  5. 5 Years After the Fall: Taliban Misread by International Community

Markets 40

+
  • US 10-year yield rises 4.4bps to 4.692%
  • Oil prices stay bid, up 1.5% at $82.39
  • US Retail Sales contract -0.6% MoM, below forecasts
+
  • US retail sales fell 0.6% in July, versus a 0.2% gain in June and a 0.1% expected rise.
  • Dollar index slipped 0.25% to 99.67, while euro rose 0.32% to $1.1564 and sterling up 0.33% to $1.353.
  • Probability of a Fed rate hike in September fell to 31%, with a 69% chance of a hike by December.
  • Japanese yen weakened to 159.37 per dollar, near a 40‑year low, as BOJ may raise rates in September.
+
  • S&P 500 posts a third consecutive weekly rise
  • Market bets increase that the Fed will keep rates unchanged in September
  • Equity sentiment turns more bullish on expectations of a steady monetary policy
+
  • 10-year Treasury yield climbed >5 bps to 4.696%
  • July retail sales fell 0.6% versus a 0.1% expected gain
  • Producer price index was flat, missing a 0.2% rise forecast
  • 2-year yield rose 3 bps to 4.171% and 30-year up nearly 6 bps to 5.267%
  • U.S. officials signaled an indefinite blockade of Iranian ports, adding geopolitical risk
+
  • DXY opened near 100.00 and pierced 99.50 after July retail sales fell 0.6% versus a 0.1% gain forecast
  • Fed rate‑hike odds fell to about 31% for September, while December hike probability rose to roughly 64%
  • Two‑year U.S. Treasury yield briefly dropped below 4.10%, its lowest level since June 30
  • Japanese yen weakened about 0.7% week‑over‑week, trading near 159 per dollar after earlier intervention
+
  • Alphabet raised 2026 capex to $205 bn, stock fell >7% after announcement
  • Microsoft kept 2026 capex flat, Azure revenue rose 43% and shares jumped >15%
  • Amazon projected $220 bn capex for the year, also saw >15% share gain
  • CoreWeave and Nebius surged 19% and 34% respectively on earnings
  • Nvidia’s earnings on Aug 26 are the next key test for the AI‑driven trade
+
  • Nvidia and Wall Street partners are mobilising over $500 bn of third‑party capital for AI infrastructure.
  • Goldman estimates total lease commitments for hyperscalers at $1.5 tn, up from $200 bn five years ago, including $1 tn of uncommitted leases.
  • Leveraged hedge fund Situational Awareness collapsed, assets falling from $45 bn to about $10 bn after margin calls.
  • Hyperscaler AI capex is projected to exceed $1 tn per year from 2027 onward, with borrowing spreading to euro, sterling, yen and other currencies.
  • High equity concentration and margin debt could amplify volatility in tech‑heavy markets.
+
  • U.S. 30‑year real yields near 3% – highest in 18 years
  • AI hyperscalers have issued about $220 bn of bonds YTD, double 2025 total
  • Government deficits of 4‑6% of GDP add supply, lifting nominal yields
  • Analysts warn rising real yields could curb equity valuations and growth
  • Central banks have stopped buying bonds, further supporting yield rise
+
  • NZD/USD gains 0.75% to around 0.5895, nearing the 0.5900 psychological level
  • US retail sales fell 0.6% month‑over‑month in July and consumer sentiment dropped to 51 in August
  • RBNZ is expected to raise rates at its next meeting, supporting the Kiwi despite a slowdown in NZ manufacturing
  • Technical: pair holds above 100‑period SMA (0.5868) and 200‑period SMA (0.5874) with RSI near 75
+
  • EUR/USD up 0.2% to mid-1.15s, with support at 1.1500 and resistance near 1.1580
  • Eurozone Q2 GDP posted 0.4% q/q (1.0% y/y) and trade balance turned to surplus in June
  • 2Y Germany‑US yield spread fair‑value estimate rises to 1.1641, above spot
  • RSI back above 60, indicating renewed bullish momentum
+
  • USD/JPY trades around 159, with the yen up about 0.2% versus the dollar.
  • BoJ is weighing a possible rate hike this fall, bolstering yen support.
  • Technical levels: resistance above 159.50, support just above 158.50; Q2 GDP data due next week may affect direction.
+
  • 13F data shows net sell‑offs in major tech names, with holdings down about 2% year‑over‑year
  • Apple, Microsoft, Nvidia and Alphabet among the most trimmed positions
  • Overall exposure to the tech sector fell to its lowest level since Q2 2022
  • Investors remain wary ahead of the upcoming earnings season
+
  • MOEX Russia Index closed 4.18% lower
  • Broad Russian stock market ended the session in the red
  • Loss reflects continued pressure on Russian equities
+
  • Retail sales growth slowed, missing forecasts
  • S&P 500 slipped about 0.5% as investors reassessed AI-driven rally
  • Nasdaq Composite fell roughly 0.7% amid dampened AI enthusiasm
+
  • USD/MXN fell to 16.97, rebounded to 17.02, holding near the 24‑month low of 17.00
  • US retail sales contracted 0.6% MoM and consumer sentiment slipped to 51, easing dollar pressure
  • Market odds show 68% chance the Fed will hold rates steady in September, 32% for a hike
  • Banxico meeting minutes and upcoming Mexican retail sales are key catalysts for MXN direction
+
  • Hanwha Ocean shares climbed 5.6% following the Trump memorandum
  • Fincantieri shares rose 3.2% on the same policy announcement
  • Memo allows foreign shipbuilders to build up to two ships in U.S. yards and three vessel types abroad
  • Hanwha pledged $5 billion to expand its Pennsylvania shipyard; Fincantieri has spent over $800 million on U.S. yards
  • Austal shares also jumped 5.6% despite potential bid complications
+
  • CNY reached 6.7424 per USD, its strongest level since February 2023
  • Broad dollar weakness and lower US Treasury yields supported the yuan's advance
  • 10‑year Chinese government bond yield fell below 1.70% for the first time in a year
  • PBoC reaffirmed an accommodative policy but did not signal rate or RRR cuts
  • Ministry of Finance sold 50‑year special sovereign bonds at an average yield of 2.2831%
+
  • President Trump imposed a 100% tariff on large drones with sensitive capabilities and a 25% tariff on smaller drones.
  • A 15% tariff applies to drones and parts from the EU, Japan, Liechtenstein, South Korea, Switzerland and Taiwan; 10% on the UK.
  • Drone stocks jumped: Unusual Machines +24.2%, Red Cat +8.8%, Aerovironment +1.3%, Kratos +2.9%.
  • Tariffs become effective within 21 days for sensitive items and 180 days for non‑sensitive parts.
  • U.S. defense budget targets $75 billion for drones in the 2027 fiscal year.
+
  • US Dollar Index stayed under 100, sliding to fresh lows after four straight soft US data prints
  • Preliminary Michigan Consumer Sentiment fell to 51 in August, missing the 55.2 forecast
  • EUR/USD ended the week near 1.1550, hitting two‑month highs and approaching 1.1600
  • GBP/USD hovered around 1.3560, near three‑month peaks ahead of UK inflation and jobs data
  • WTI crude settled in the low $80s per barrel, buoyed by Strait of Hormuz traffic concerns
+
  • KRW up 1.5% YTD versus USD, the second‑strongest Asian currency this year
  • USD/KRW fell about 8.9% from its July peak of 1,559 to 1,421
  • Kospi rebounded 29.5% from its July 30 low, driven by strong tech earnings
  • Foreign investors net bought $1.9 bn of South Korean equities since July 30
  • Exporters' repatriation activity and portfolio inflows provide near‑term support for KRW
+
  • July activity indicators will be pivotal after a weak Q2 GDP print
  • Fixed‑asset investment expected to remain weak, underscoring property sector woes
  • PBOC continues to steer USD/CNY lower via its daily fixing mechanism
  • Weaker‑than‑expected activity data could dampen regional risk sentiment and pressure linked currencies
  • Top 50 mining companies' market cap grew from $2.17 trillion to $2.38 trillion.
  • Sector gained $210 billion in value across seven trading sessions in August.
  • The increase represents roughly a 9.7% rise in market capitalization.
+
  • USD/CAD fell to around 1.3877, its lowest level since early July, breaking 1.4000.
  • Technical focus shifts to 200‑day SMA near 1.3850, with additional support at 1.3700 and 1.3542.
  • RSI sits at 29 signaling oversold conditions; MACD remains in negative territory.
  • Fed rate‑hike odds ease amid moderating inflation, while BoC likely to prioritize softer core inflation at its Sep 2 meeting.
  • Elevated oil prices continue to underpin the Canadian dollar.
+
  • USD/SGD trades around 1.2800 with support at 1.2770 and 1.2740
  • US Producer Price Index came in softer than expected, easing Fed rate‑hike odds
  • Geopolitical tensions, including Houthi attacks on Saudi facilities, curb USD downside pressure
  • Resistance identified at 1.2830‑1.2840 and 1.2870‑1.2890
  • RSI flat; mild bearish momentum persists despite range trade
+
  • S&P 500 fell modestly but stays close to all‑time highs
  • Slowing inflation provided a supportive backdrop for equities
  • AI‑related stocks contributed to the index's resilience
+
  • Bitcoin 30‑day implied volatility (BVIV) fell to a 2026 low near 36%
  • S&P 500 VIX dropped to its lowest level since January
  • Treasury MOVE index hovered near the low end of its 66%‑84% range
  • US 10‑year Treasury yield rose to 4.661% amid heightened sanctions risk
  • Implied‑volatility indexes for crypto, equities, bonds and gold have been trending down for months
  • Analysts lift earnings forecasts for a broad set of companies to near‑record levels
  • Market pricing of central‑bank rate hikes shows a noticeable increase
  • Higher rate expectations add pressure on equity valuations
+
  • US bought yen for the first time in decades, coordinating with Japan
  • Intervention aims to prevent further rise in US Treasury yields that could threaten the AI sector
  • Japan is selling US Treasuries to fund its yen‑support measures
  • Market impact seen as larger than Tokyo's own interventions
  • Effects expected to materialise in three to four weeks
+
  • U.S. retail sales slipped in July, signaling weaker consumer spending
  • S&P 500 fell back from record highs, easing gains made earlier in the week
  • Equity markets reacted negatively, reflecting concerns over the economic slowdown
  • Foreign investors sold $26.7 bn of Indian stocks in H1 2026, then bought $3.8 bn recently
  • Correction in AI‑related stock valuations steered investors toward safer Indian equities
  • Analysts caution that higher oil prices could reverse the renewed inflow into Indian markets
+
  • S&P/BMV IPC slipped 0.66% at market close
  • Broad market saw declines across most sectors
  • Trading volume was modest, indicating limited participation
+
  • COLCAP closed up 0.84% today
  • Broad Colombian equities posted gains
  • Market momentum suggests continued optimism
  • Gen Z's proportion of equity activity in ETFs is rising compared with older investors
  • Gen Z trades less frequently than older working‑age cohorts
  • Gen Z uses lower leverage on trades than older groups
+
  • USD/CHF slipped 0.12% to end a four‑day rally, remaining above 0.8100
  • Bearish flag pattern holds; RSI flat, suggesting sideways trading ahead
  • Break above 0.8150 may trigger moves to 0.8207, 0.8250 and potentially 0.8300
  • Support levels at 0.8103, then 0.8079 and 0.8035 if the pair falls further
+
  • USD/KRW fell below its 200‑day moving average near 1478
  • Pair is testing an ascending trend line around 1407, seen as interim support
  • Break above 1425 needed for short‑term bounce; failure at 1407 could push it to 1388‑1385 and 1375
  • KRW led regional gains but rally from ~1560 in early July to near 1415 shows signs of fatigue
+
  • USD/CNH moved between 6.7423 and 6.7479, closing at 6.7449 (-0.02%).
  • Analysts forecast the pair to stay within 6.7400‑6.7500 in the near term.
  • Potential downside to 6.7300 if momentum stays flat; upside resistance at 6.7580.
  • Momentum indicators remain flat, suggesting limited directional bias.
+
  • EUR/GBP traded around 0.8548, staying within the mid‑0.8500s range on Friday
  • Eurozone Q2 GDP grew 0.4% (annual 1%) and employment rose 0.1%, both in line with forecasts
  • Technical resistance at 0.8549‑0.8550 and 100‑SMA 0.8557; support near 0.8545‑0.8541
  • Traders await clearer signals from the Middle East conflict affecting energy prices and ECB outlook
+
  • Singapore July non‑oil exports expected to follow June’s 20.7% YoY surge
  • Malaysia CPI forecast to hold at 1.9% YoY, indicating contained inflation
  • Thailand Q2 GDP growth seen slowing, adding pressure on the THB
  • Bank Indonesia likely to keep its policy rate unchanged at 5.75%, supporting the IDR
+
  • NOK expected to remain roughly unchanged for the next six months after July EUR/NOK dip
  • Higher oil prices and Norges Bank's NOK purchases drive outlook, with two‑sided risk from Middle East tensions
  • Modest NOK appreciation projected for 2027 if USD weakens and global risk sentiment improves
  • European equity indices opened mixed in early trade
  • Technology stocks posted gains, lifting broader markets
  • Mining shares fell, pulling down sector performance

Macro/Economy 26

+
  • US retail sales contracted 0.6% in July, missing a 0.1% consensus
  • Preliminary August consumer sentiment dropped to 51, 8% lower than July
  • Two-year Treasury yield traded briefly beneath 4.10%, its lowest since June 30
  • US announced tariffs of up to 100% on imported drones from China.
  • Analysts predict a 'lose-lose outcome' for both the US and China.
  • The move further intensifies the tech and trade rivalry between the two nations.
  • New levies complicate manufacturers' efforts to relocate production amidst existing supply chain issues.
  • Hong Kong revised its full-year 2026 economic growth forecast to 3.5-4.5%.
  • The previous forecast range was 2.5-3.5%.
  • The economy expanded by 4.3% in the second quarter.
  • Growth was supported by buoyant external trade and resilient domestic demand.
+
  • Indonesia aims to close more than 750 state-owned enterprises, retaining no more than 300 by Dec 31.
  • To date 290 SOEs have been shut, with a target to save over 70 trillion rupiah in overhead costs this year.
  • Already saved about 50 trillion rupiah (~US$2.8 bn); a special court may be created to investigate past mismanagement.
  • Apple taps Alibaba and Baidu for AI services in China.
  • Ford partners with CATL on a $3.5 billion battery plant in Michigan.
  • Chinese EV battery makers hold close to 70% of the global battery market in 2025.
  • Chinese automakers account for nearly 63% of the global electric‑vehicle market in 2025.
  • US curbs on chips and AI have accelerated Chinese domestic innovation.
  • Q2 2026 GDP grew 6% YoY, above the 5.8% advance estimate and Reuters median forecast
  • Growth accelerated from 5.4% in Q1 and exceeds last year's 5.2% expansion
  • All sectors except agriculture posted gains, driven by stronger exports and steady household spending
  • Bank Negara Malaysia left its benchmark rate unchanged for the sixth meeting, citing muted inflation
  • Governor projects 2026 growth around 5%, at the upper end of the central bank's 4‑5% outlook
  • Current payroll tax applies only to earnings up to $160,200; removing the cap would extend taxes to all wages.
  • High‑income workers would pay additional Social Security taxes, while future benefit formulas remain unchanged.
  • The measure is aimed at improving the long‑term solvency of the Social Security program.
  • CEO-to-worker pay ratio in S&P 500 rose to 312 : 1 in 2025, up from 285 : 1 in 2024
  • Average CEO compensation in S&P 500 jumped 21% to $22.8 million (excluding Elon Musk)
  • Elon Musk earned $158 billion in 2025, a 2.5 million‑to‑1 gap with Tesla’s median employee
  • Manufacturing sector disparity reached $696 million vs $93 k for workers (≈11,000 : 1)
  • US consumer sentiment fell 8% and the labor market shed 23,000 jobs in July 2025
+
  • Nominal US policy rate at 5.25%-5.50% but real rates remain near 2% after inflation adjustment
  • Housing price growth outpaces rate hikes in 10 highlighted metros
  • Equity valuations in selected stock picks stay attractive despite higher borrowing costs
  • Health‑insurance sector faces pricing pressure as insurers adjust to the rate environment
+
  • Headline CPI expected to rise 0.1 pp to 2.9% y/y in July, up 0.4% m/m
  • Core CPI measures (CPI‑trim/median) projected at 1.8‑1.9% y/y, under BoC's 2.0% target
  • Ex‑food/energy inflation forecast to hold steady at 1.7% y/y
  • Soft core inflation suggests the Bank of Canada may keep focus on underlying price pressures
+
  • Investor Sentiment Index fell to 26% positive outlook, its lowest since 2023, with 45% saying conditions have worsened
  • First‑quarter 2026 home purchases down 23% versus prior quarter
  • 32% of surveyed investors plan to buy no properties this year; only 9% intend to increase purchases
  • Over 60% now expect home prices to rise in the next six months, up from 52% previously
  • Mortgage rates are at their highest level in over a year after rising sharply since the Iran conflict
  • Inflation in Iran accelerating, eroding purchasing power
  • Essential food items like fruit and dairy becoming unaffordable for households
  • War-related disruptions causing scarcity of non‑essential goods
  • Household consumption reduced to basics amid soaring prices
  • Coal demand forecast to rise to 1.6 bn tonnes in 2030, up from ~1.2 bn tonnes in 2024
  • Increase driven by higher electricity generation and industrial activity
  • Government will create a coal trade exchange to boost market transparency and domestic supply
  • India remains the world's second‑largest coal consumer after China
  • No immediate impact on global oil or gas markets
  • Zhu Rongji, former Chinese premier and chief architect of 1990s reforms, died on Aug 12, 2026 at age 97
  • He led major policies such as state‑owned enterprise privatization, fiscal consolidation, and opening to foreign investment in the early 1990s
  • His passing revives debate on the impact of his reforms as China confronts slower growth and structural challenges
  • White House report estimates U.S. loses tens of billions of dollars annually to illegal transshipment
  • Hundreds of thousands of U.S. jobs are reportedly affected by the scheme
  • Transshipments primarily involve Chinese goods routed through Southeast and Northeast Asian partners
  • The U.S. government is deploying AI tools to detect and combat the illicit trade
  • The report highlights broader concerns over trade security and revenue loss
  • Companies are allocating several billion rupees to build lithium‑ion battery material factories in India
  • Chinese restrictions on technology transfers have delayed domestic cell production, curbing demand for these materials
  • Material producers now face a shortage of local customers and may need to export to sustain capacity
  • India targets a 20% ethanol blend (E20) in gasoline across the country.
  • Scientists warn the higher blend could reduce fuel efficiency and increase wear on older vehicles.
  • Overproduction of rice and sugarcane is cited as a key factor behind the policy drive.
+
  • President Prabowo aims for 6% GDP growth by 2027
  • State revenue to rise about 7% to 3,426 trillion rupiah ($192 bn)
  • Goal to reduce the budget deficit over the same period
  • 2016 tariffs on Chinese copper led to increased orders at Revere Copper Products
  • Production activity has risen since the tariffs, but employment levels remain flat
  • Supply chains were reshaped, yet the promised job growth has not materialized
  • Citi and JPMorgan will co‑finance two U.S. gas‑powered plant projects in Pennsylvania and Texas
  • The financing amount totals $4.61 billion, part of Japan’s $550 billion U.S. funding initiative
  • Japan’s involvement marks the first time U.S. banks are participating in the Tokyo‑led financing program
  • Dysprosium and yttrium imports to Japan have fallen about 80% versus two years earlier
  • Chinese export controls force Japanese material firms to draw down existing rare‑earth inventories
  • Supply constraints threaten EV battery and semiconductor equipment production in Japan
  • Public investment push yields double-digit earnings growth for materials and infrastructure companies in 2024
  • Vietnam's leading steelmaker posted a 100% rise in first‑half net profit year‑on‑year
  • Sector earnings up at least 10% year‑to‑date, outpacing broader economic growth
  • Treasury may permit “discount Roth conversions" for families
  • Eligible contributions could qualify for a $2,500 tax credit
  • Targeted at parents saving for children’s accounts, sometimes called “Trump accounts"
  • Rule is still proposed; implementation timeline not yet set
  • Operating surplus of HK$338 million (US$43.3 million) recorded for FY 2025-26
  • Marks a turnaround after three consecutive years of losses
  • Surplus will be used to fund ongoing urban renewal projects
  • Announcement made at URA's 25th anniversary banquet
  • Empirical analysis shows Japanese wages were rigid both upward and downward during deflation, with stronger upward rigidity
  • Wage freezes suppressed wage growth, widening the wage‑productivity gap
  • Downward nominal wage rigidity, deflation, and job‑security emphasis caused firms to impose larger wage markdowns
  • Model indicates easing wage rigidity could raise wages and aggregate productivity via labor reallocation
+
  • Refurbished iPhone sales more than double after Apple’s July price hikes
  • Memory shortages push component prices sharply higher
  • A weak yen inflates import costs for smartphones and servers
  • Used server sales see notable growth amid rising new‑equipment prices

Central Banks 5

+
  • Markets price ~80% chance of a rate hike at the September 17-18 meeting, potentially raising the policy rate to 1%
  • BOJ may accelerate tightening, aiming for quarterly hikes after September if inflation pressures persist
  • Underlying inflation is near the 2% target, with wholesale inflation at three‑year highs and a weakening yen boosting import costs
  • June hike set the policy rate at a 31‑year high of 1%, marking the second increase this year
+
  • Yen trades at 159.37 per dollar, edging toward the 160 intervention threshold
  • 10-year US Treasury yield around 4.7% versus under 2.9% for Japan's 10-year bonds
  • Traders largely expect the BOJ to raise rates in September, possibly faster than before
  • Recent benign US inflation data reduces immediate Fed hike odds
  • Europe to release France July inflation and EU Q2 employment/GDP data
+
  • The central bank will strengthen supervision of lending and payment services offered by non‑bank entities.
  • New rules aim to ensure fair consumer treatment and curb irregular or fraudulent transactions.
  • Enhanced oversight is intended to bolster financial stability and mitigate systemic risks in Thailand.
+
  • Bank Indonesia expected to hold its benchmark rate at 5.75% in the upcoming meeting.
  • Rupiah stability remains the main priority, with reliance on SRBI yields and FX intervention.
  • Leadership transition under Acting Governor Destry Damayanti lowers the chance of an August hike.
  • Non‑rate tools are preferred over immediate borrowing‑cost increases.
+
  • U.S. dollar fell following release of July retail sales data
  • Retail sales reinforced market view that the Fed will keep rates unchanged next month
  • FX markets now price a higher probability of a rate hold at the upcoming Fed meeting

Energy/Oil 17

+
  • Brent crude up about 5% this week, approaching $100 per barrel
  • Iranian attacks on ships in the Strait of Hormuz and US blockade heighten supply concerns
  • US crude inventories unexpectedly rose by 17 million barrels, partially offsetting demand pressure
  • Stalled US‑Iran settlement talks reinforce upward pressure on oil prices
+
  • Brent futures up 1.7% to $88.52 per barrel
  • WTI crude up 1.4% to $82.40 per barrel
  • Both benchmarks fell 2% on Thursday but are up over 5% for the week
  • US Treasury Secretary warned of "economic isolation" of Iran and indefinite naval blockade
  • UAE said Iran attacked two ADNOC vessels transiting the Strait of Hormuz
+
  • Senator Vance identifies ensuring cheap oil and gas as the US's primary objective in any potential conflict with Iran.
  • The statement underscores the critical role of energy security in US foreign policy decisions regarding the Middle East.
  • This priority suggests a focus on mitigating potential economic impacts of geopolitical instability on global energy markets.
+
  • WTI crude up 5.33% on week to $81.19, driven by renewed Hormuz Strait risk premium
  • Demand outlook deterioration countered earlier supply-loss optimism
  • Inventory report suggested crude rally had overshot fundamentals
+
  • Brent crude rose 1.67% to $88.52/bbl; WTI up 1.42% to $82.40/bbl on Friday
  • Shipping traffic through Strait of Hormuz fell below monthly average after tanker attacks and U.S.-Iran tensions
  • OPEC forecasts weaker demand growth while U.S. crude inventories posted largest weekly increase in 3.5 years
+
  • Natural gas futures edged higher, buoyed by recovering LNG feedgas volumes.
  • Strong pipeline exports to Mexico added demand support.
  • Near‑term heat forecasts indicate continued high power‑sector usage.
+
  • Rystad Energy says European winter temperatures must be at least 2 °C above average to cut LNG demand to last winter's level
  • Forecasts indicate a strong El Niño forming for winter 2026‑2027, potentially the most intense since 2015
  • Analysts consider the probability of such temperature rise and demand reduction a long shot
  • Current LNG demand remains high, with no immediate relief expected
+
  • Tanker carrying about 1 million barrels of sanctioned Russian crude grounded near Oman
  • Oil slick now covers roughly 2,000 square kilometres in a protected marine area
  • Spill involves sanctioned Russian crude, raising geopolitical and environmental concerns
  • Potential impact on regional oil supply modest; broader market impact likely limited
+
  • Court overturns 2024 SCA ruling, halting Shell and Impact Africa seismic surveys
  • 2014 exploration right revoked, delaying offshore oil development on the Wild Coast
  • Legal setback adds pressure to South Africa's offshore sector, which trails neighboring Namibia
+
  • European gas storage sits roughly 17 percentage points below the five‑year average and may only reach about 70% before the heating season
  • US LNG cargoes are increasingly rerouted to Asia, cutting European supply for several months
  • EU bans on Russian LNG (effective early next year) and pipeline gas (from 2027) could sustain oil‑gas price divergence
  • More than 540,000 barrels of low‑sulfur fuel oil departed Malaysia last week
  • First Malaysian fuel oil shipment to the U.S. West Coast since 2021
  • Tightening global feedstock supplies linked to recent Strait of Hormuz closure
+
  • Crude oil price slipped modestly after the report, trading around $80 per barrel
  • U.S. natural gas inventories rose to 2.5 trillion cubic feet, above forecasts
  • OPEC's production forecast was revised upward to 27.5 million barrels per day
  • Analysts cut 2024 oil demand growth outlook to 1.5 million barrels per day
  • Kazakhstan filed a confidential arbitration alleging $10.7 bn in over‑priced contracts or bribes at the Kashagan field.
  • The case targets the North Caspian Project consortium, which includes major international oil firms and state firm KazMunayGas.
  • The alleged misconduct involves unjustified cost increases in contracts for the development of the giant offshore field.
  • The accusations were reported by the ICIJ, citing multiple sources, and could affect future foreign investment in Kazakhstan’s oil sector.
+
  • Noreva forecasts natural gas prices could exceed $10 per MMBtu in some U.S. hubs, up from current $2‑$4.5.
  • Meta, Amazon, Microsoft and Google plan gigawatt‑scale gas plants (Meta 7.5 GW, Amazon 7.6 GW, Microsoft & Google ~1 GW each).
  • Gas accounts for about 50% of electricity cost; a 2‑3× price rise would markedly increase data‑center operating expenses.
  • Tighter supply growth and rising AI‑driven demand could tighten the market despite stable futures today.
  • New pipelines linking West Texas to global markets may amplify regional price differentials.
  • TerraPower and South Korea's SK Innovation signed a preliminary global SMR partnership.
  • The deal lets SK Innovation join TerraPower's sodium‑cooled Natrium reactor projects in the U.S. and overseas.
  • TerraPower's Natrium reactor in Kemmerer, Wyoming has a construction permit and aims for commercial operation by 2031.
  • Doosan Enerbility won a contract to manufacture key Natrium reactor components, terms undisclosed.
  • Rising AI and data‑center electricity demand is spurring global interest in SMRs, per South Korea's industry ministry.
  • Indonesia has ~580 MW of operational AI data center capacity, with >1.3 GW announced under development
  • Developers secured ~1.2 GW of electricity commitments for new AI campuses in West Java
  • Reserve margins on the Java‑Madura‑Bali grid could fall below recommended levels by 2027 without new generation
  • Major gas projects (Masela, Tanggulo, Tangguh, ENI Kutei) will boost natural‑gas output for captive power
  • Abundant land, natural‑gas and geothermal give Indonesia an edge over energy‑constrained rivals like Singapore
+
  • Japan is evaluating a last‑resort reinsurance scheme for oil tankers operating in high‑risk zones such as the Middle East
  • The backstop aims to protect domestic insurers and keep crude shipments moving despite the Iran war
  • Targeted routes include the Strait of Hormuz, a key chokepoint for global oil supply

Gold/Metals 17

+
  • Gold up ~0.9% to $4,386 as the dollar index falls 0.4% to 99.57
  • US retail sales drop 0.6% and Fed hike odds fall to 31% from 55%
  • US 10-year Treasury yield rises 3.5 bps to 4.684%, supporting gold
  • Gold must break $4,400 to resume bullish run; support at $4,311
+
  • Copper futures reached a record near $6.90 per pound last week.
  • COMEX‑LME spread suggests a 14.6% chance of a 15% tariff by Jan 2027 and 37% chance of a 30% tariff by Jan 2028.
  • U.S. copper imports hit over 200,000 metric tons in July, the highest level in 12 years.
  • Wider premium supports near‑term copper prices but adds volatility as tariff uncertainty grows.
+
  • Silver (XAG/USD) up 0.39% to $64.70 but capped by higher US Treasury yields
  • Technical resistance at 100‑day SMA $68.76 and 200‑day SMA $71.64; RSI shows short‑term bullish momentum
  • Break below $63.28 would expose 50‑day SMA $61.35 and support near $56.57
+
  • Gold remains under the $4,500 per ounce resistance level.
  • Spot gold has hovered around $4,470, near its 200‑day moving average.
  • Lower real yields and a softer dollar are cited as structural supports for a bullish outlook.
+
  • Gold miners delivered earnings that rank as their second‑best quarter on record
  • Profit growth was driven by higher gold prices and lower production costs
  • Despite strong results, gold prices and miner stocks showed little movement, keeping market reaction muted
+
  • Gold rose 0.4% on Friday, ending the week in positive territory
  • Silver increased 0.2% on Friday, also posting weekly gains
  • Both precious metals recorded weekly advances, supporting a modest bullish trend
+
  • Faraday Copper (TSX: FDY) will conduct confirmation drilling at BHP's former San Manuel mine.
  • The combined Arizona project is projected to contain more than 18 billion pounds of copper.
  • Positive drilling results could significantly expand Faraday's copper resource base.
  • Faraday trades under FDY on TSX and CPPKF on US OTC markets.
+
  • Approximately 31 tonnes of gold, valued at about $4.4 billion, are held at the Bank of England.
  • Venezuelan government and opposition have agreed to jointly pursue the gold's return.
  • The recovered gold is intended to finance reconstruction efforts in Venezuela.
+
  • Gold rose about 3% to around $2,115 per ounce, its highest level in several months
  • Silver gained roughly 5% to near $26 per ounce, outpacing gold's gains
  • Copper also climbed, reaching about $4.00 per pound, supporting broader metal strength
  • Analysts say further upside is possible if inflation stays sticky and central banks keep rates high
+
  • Gold hovers near a key resistance level, capping further gains
  • Analysts flag heightened sell‑off risk if resistance is broken
  • Weekly closing price will be crucial for direction
  • Technical indicators point to weakening momentum
  • No major macro events slated to alter gold's short‑term outlook
+
  • XAG/USD trades around $65, after bouncing from intraday low $63.51
  • Immediate technical support at $64.38 (23.6% Fib) and $63.60 (50‑period SMA); key resistance zone $68‑$69
  • 4‑hour MACD remains below zero, indicating weakening bullish momentum
  • US dollar weakness after softer US data reduces near‑term Fed rate‑hike expectations, supporting silver
+
  • LME copper stocks fell for 40th consecutive day, now just over 200,000 tons – lowest since February
  • Yangshan import premium slipped below $100/ton after peaking at $115, signaling weaker Chinese demand
  • A top ten copper producer trimmed output guidance due to weather conditions
  • Upcoming ICG report (20‑24th) and possible US copper tariff decision could influence prices
  • Critical‑mineral shortages projected to 2035 hinge on processing reliability, not just mined tonnage.
  • GEM Mining Consulting warns that bottlenecks in refining could limit supply of copper, lithium, and nickel.
  • Investors should monitor miners' processing upgrades as a key factor for future metal availability.
  • Shortages risk intensifying if processing capacity fails to keep pace with demand growth.
+
  • Gold fell below $1,440 per ounce, breaking a key resistance level
  • Silver dropped under $3.30 per ounce, triggering a sell‑off
  • Gold down about 2% and silver down roughly 3% on the day
  • Analysts warn further declines if support at $1,430 (gold) and $3.20 (silver) is breached
+
  • Gold price holds steady at $1,930/oz despite market fluctuations
  • Inflation concerns and rate hike expectations weigh on global markets
  • Gold's value remains relatively unchanged over the past quarter
+
  • International Seabed Authority (ISA) received 31 exploration applications by 2024, up from 22 in 2020
  • Nodules on ocean floor contain nickel, cobalt, copper, and rare earths—key for EV batteries and green tech
  • Environmental concerns delay commercial mining; Norway approved first deep-sea mining licenses in January 2024
  • China holds largest ISA exploration contracts (19), followed by Russia (7) and UK (4)

Crypto 27

  • OCC conditionally approved a national trust charter for World Liberty Trust Company
  • Charter conditions include a minimum $20 million capital base and hiring an internal audit manager
  • World Liberty's USD1 stablecoin ranks fourth in market cap, valued at about $4 billion
  • Similar OCC charters have been granted to Ripple and Circle
  • Reuters estimates the Trump family has funneled over $1.6 billion through World Liberty
+
  • Bitcoin dropped 1.14% below $63,000, reaching its lowest level since August 3rd and erasing last week's gains.
  • Spot Bitcoin ETFs recorded $192 million in back-to-back outflows, marking the first such occurrence since late July.
  • Crypto markets lagged, with Bitcoin and Ether slipping, despite U.S. stocks gaining on cooler-than-expected producer price data (PPI cooled to 4.7%).
  • Derivatives data indicates growing bearish positioning in tokens like Bitcoin Cash (BCH) and Hedera (HBAR), with negative funding rates and CVD.
  • Bitcoin's 30-day implied volatility (BVIV) cooled below 36%, while options positioning remains mixed.
+
  • KPMG US issued unqualified audit opinion on Tether’s 2025 financial statements, confirming reserves exceeded liabilities by $6.8B
  • Audit included physical verification of gold holdings and review of reserve assets (U.S. Treasuries, cash, equivalents)
  • Tether’s $183B stablecoin issuance backed by dollar-denominated reserves, addressing market scrutiny over transparency
+
  • SEC delays on innovation exemption and Reg Crypto meeting increase regulatory uncertainty
  • Spot Bitcoin ETFs record $333 million net outflows this week, reversing $853 million inflows last week
  • U.S. 30-year Treasury auction yields rose to 5.22%, the highest since 2001, raising crypto opportunity cost
  • XRP remains near $1 support, vulnerable to a breach
  • JPMorgan terminated banking services to Polymarket in late 2025 citing regulatory worries
  • Polymarket was previously barred from U.S. users after a $1.4 million CFTC settlement in 2022
  • The platform secured a new, undisclosed banking partner after JPMorgan's exit
+
  • Bitcoin ETF position up 25% in the second quarter
  • Ether ETF position more than quadrupled in the same period
  • Moves signal heightened institutional appetite for crypto assets
+
  • Bank Leumi will let customers buy, hold and sell Bitcoin, Ether and Solana starting early 2027
  • Galaxy Digital will supply trading and custody services through its GalaxyOne Institutional platform
  • Leumi becomes the first Israeli bank to offer direct crypto trading, joining a growing trend of banks adding digital assets
+
  • Bitcoin slipped to $63,000 after regulatory delay.
  • BLSH shares dropped 9% following Q2 earnings and exemption postponement.
  • SECZ fell over 5% extending a 27% plunge, trading 60% below its recent high.
  • Coinbase (COIN) down 3% and Circle (CRCL) down 4.2% amid tokenized securities uncertainty.
  • President Trump slated to attend a White House innovation meeting on Wednesday next week
  • Meeting precedes the CFTC Innovation Advisory Committee inaugural session on Thursday
  • Attendees include CEOs from Coinbase, Ripple, Gemini, Robinhood, Polymarket, Kalshi and leaders from CME, Nasdaq and ICE
  • The Office of the Comptroller of the Currency granted conditional approval for World Liberty Financial to operate as a trust bank.
  • The approval is preliminary and subject to further compliance requirements before a full charter is issued.
  • World Liberty Financial is positioned as a flagship crypto venture linked to the Trump family.
+
  • Ireland's AML framework will tighten rules on transfers from private crypto wallets
  • Proposed standards also apply to overseas digital asset companies
  • Regulation aims to curb illicit crypto activity and align with EU anti‑money‑laundering goals
+
  • Payward reported a 17% year‑over‑year increase in Q2 revenue.
  • Crypto spot trading volume fell during the quarter.
  • Funded accounts jumped 42%, driving higher non‑transaction revenue.
+
  • A Bitcoin wallet hack resulted in a loss of about $116 million.
  • The incident highlights risks of self‑custody amid rising institutional interest.
  • ETF inflows into Bitcoin have resumed, prompting strategies to increase BTC exposure.
  • Crypto miners are pursuing multi‑billion‑dollar AI-related deals.
+
  • Bitcoin price slipped to $62,500, near August lows
  • Trader cautions that a weak weekly close may trigger further declines
  • Drop occurs despite recent positive US inflation data
  • US equity markets continue to hover near all‑time highs
+
  • MSCI's new "non-operating company" screen could drop Strategy, Metaplanet and Yellow Cake from the MSCI ACWI IMI
  • The proposal would exclude firms with digital assets ≥50% of total assets, a threshold Strategy calls arbitrary
  • Strategy's shares fell 4.3% as bitcoin slipped to $62,600
  • MSCI's earlier digital‑asset plan faced similar criticism, prompting a revised consultation
+
  • Binance will stop processing transactions for 11 crypto platforms, including HTX.
  • HTX was recently added to the EU sanctions package targeting Russia.
  • The restriction underscores growing regulatory pressure on crypto intermediaries.
  • Users of the affected platforms may face reduced trading access.
+
  • World Liberty Financial (WLFI) postponed token sale for Maldives resort due to Iran war disrupting travel
  • Tokenization project aimed to represent resort loan interests as tradeable digital assets via Securitize
  • WLFI token down 88.5% from September 2025 peak amid broader crypto market pressures
+
  • Binance Bitcoin futures open interest declined alongside BTC price
  • CryptoQuant analysis flags pressure on leveraged longs
  • Bitcoin eyes new August lows
+
  • RedotPay postponed a planned $1B U.S. IPO, now unlikely before 2027, due to legal issues including a $470M lawsuit from Binance
  • Company secured a U.S. money transmitter license and is preparing a U.S. product launch, prioritizing regulatory compliance
  • RedotPay claims 8.5M users as of July and describes itself as the world’s largest stablecoin payment card issuer
  • SEC announced cancellation of an open meeting set for Friday to discuss tailored crypto offering regime
  • Meeting postponed due to an "unforeseen scheduling issue" according to the commission
  • Senate entered August recess without voting on the Digital Asset Market Clarity Act
  • SEC Chair Paul Atkins said the agency remains ready to issue crypto rules if legislation stalls
+
  • MSCI's new "non‑operating companies" screen would drop firms failing 4 of 5 financial ratios
  • Strategy (MSTR), Metaplanet (3350) and Yellow Cake would be removed from the MSCI ACWI IMI index under the test
  • Feedback period runs until Sept 30, with any changes applied only after the November 2026 index review
  • Strategy holds 840,447 BTC (~$53 bn) and Metaplanet holds 43,000 BTC (~$2 bn), the largest listed bitcoin treasury firms
+
  • Neutrl temporarily halted redemptions of its NUSD stablecoin
  • The pause follows an undisclosed reserve shortfall
  • BA Labs had flagged the NUSD integration as high risk due to counterparty, operational and liquidity exposure
+
  • Endowment’s crypto exposure dropped by $2 million, now about $12 million.
  • Investments include Bitwise Solana staking ETF, Grayscale Ethereum staking ETF, and iShares Bitcoin ETF.
  • Loss mirrors broader price declines in Solana, Ethereum and Bitcoin.
+
  • Nigel Farage wins a UK by-election, triggering a restart of the standards investigation.
  • Parliamentary commissioner for standards reopens probe into his cryptocurrency donations.
  • No details on the amount or sources of the crypto gifts have been disclosed.
+
  • New fee model raises costs for resource‑heavy transactions
  • Simpler transactions will have lower fees
  • SOL burn rate will increase under the proposed changes
  • Aim is to curb network congestion and improve fee fairness
  • Shinhan Asset Management partners with Plume to tokenize a won-denominated ultra-short-term bond fund
  • Pilot marks South Korea's first major tokenized fund initiative in traditional asset management
  • Project leverages blockchain for fund issuance and secondary trading
+
  • Crypto payments represent only 0.2% of online transactions among euro‑area merchants
  • Physical‑store crypto usage stays under 1% of point‑of‑sale transactions
  • Mobile payments continue to grow, outpacing crypto adoption
  • ECB data shows crypto remains a marginal payment method in Europe

Geopolitics 53

  • Trump plans to declare Strait of Hormuz a US 'territory' amid ongoing war with Iran
  • Iran rejects Trump's claims, saying the strait is under its control
  • US and Iran have been engaged in uneasy negotiations with no clear end to the war in sight
  • Japan PM Takaichi calls Putin's visit 'absolutely unacceptable'
  • Tokyo has repeatedly requested Russia to avoid the visit, citing the islands' inherent Japanese territory
  • Analysts link Putin's visit to Japan's defense white paper, which identifies Moscow as a critical threat
  • International community's policies toward the Taliban were built on flawed assumptions about the group's nature and goals.
  • Taliban's rule is rooted in an ideological mission, not a desire for political power or international legitimacy.
  • Analytical framework used by the international community was ill-suited to understanding the Taliban's nature and behavior.
  • Taliban has issued hundreds of decrees since 2021, systematically removing 20 million Afghan women and girls from public life.
  • Girls are barred from school beyond 6th grade (March 2022), women from universities (Dec 2022), and medical institutes (Dec 2024).
  • Women dismissed from civil service, banned from NGO/UN work, and beauty salons closed (July 2023), destroying an estimated 60,000 jobs.
  • Restrictions define daily life, including travel without a male guardian, bans from public spaces, and mandatory face covering, labeled 'gender apartheid' by UN experts.
  • Persecution extends to other groups like the Hazara minority, facing forced evictions, legal protection removal, and ongoing attacks.
  • Yemen's Houthis claim to have targeted Saudi Aramco's Jazan refinery with drones
  • Second reported attack on the Red Sea facility in less than a week
  • Storage tank sustained negligible damage, according to a Bloomberg source
  • China's Y-20B can be converted into an aerial refuelling tanker
  • Boosts PLA Air Force capacities in the western Pacific
  • Enhances China's military reach beyond the first island chain
  • NATO fighters shot down a drone over eastern Latvia, with authorities linking it to 'Russian electromagnetic warfare'.
  • Airspace alerts were issued across eastern and southern Latvia and later lifted; Finland also temporarily restricted airspace as a precaution.
  • Latvian Prime Minister emphasized strengthening border surveillance and anti-drone capabilities due to repeated incursions.
  • The incident underscores heightened anxiety in Baltic states and Finland, a new NATO member, amid Russia's war in Ukraine.
  • Latvia's Ministry of Defense expects similar incidents as long as Russia's aggression against Ukraine continues.
  • Xi Jinping's state visit to Washington is scheduled in less than six weeks, the first since 2015.
  • Earlier this year, disorganized US planning for Trump's China trip frustrated Chinese officials.
  • Ongoing chaos in the Trump administration is raising concerns in Beijing over diplomatic preparations.
  • Sources say Chinese officials are closely monitoring the situation ahead of the upcoming visit.
  • Treasury Secretary Scott Bessent says the US will apply economic isolation on Iran "like never seen before" and keep a blockade of the Strait of Hormuz.
  • US Navy plans to sustain the Strait of Hormuz blockade indefinitely, rotating ships as needed.
  • USS Abraham Lincoln has been deployed for over 250 days in the Middle East, with the carrier USS George Washington set to replace it after departing Vietnam on Aug. 12.
  • Reports of severe conditions aboard the Lincoln are contested; US Central Command denies claims of a brawl and any fatalities.
  • US team sent to Taiwan for 2-week coastguard training programme
  • Training focuses on small-boat operations and team coordination
  • Part of efforts to strengthen partnership between US and Taiwan
  • Syrian oil production returns to Damascus control in Deir ez-Zor and Hasakah
  • Recovery of key oil fields, including Omar, Tanak, and Conoco gas field
  • Potential weakening of Russia's influence in the country
  • Three-nation Mecca Joint Deterrence Agreement mirrors NATO Article 5, expanding Saudi-Pakistan SMDA to include Turkiye
  • Pakistan may deploy up to 80,000 troops under pact; Saudi nuclear umbrella unclear despite past SMDA commitments
  • India monitors pact amid Pakistan’s potential use as deterrent in future tensions, following 2026 Operation Sindoor precedent
+
  • Vice President JD Vance says reducing gasoline prices is now top US priority in the Iran conflict.
  • Treasury Secretary Scott Bessent warns of new, unprecedented economic sanctions on Iran expected next week.
  • Iran’s closure of the Strait of Hormuz has driven oil prices up, but recent declines show price easing from early war peaks.
  • The US aims to keep oil and gas cheap for Americans while maintaining pressure on Tehran’s nuclear program.
  • Iran’s conditions for reopening the strait include ending the war, lifting blockades, and a $300 billion reconstruction fund.
  • The Abraham Lincoln carrier has been at sea for nine months, exceeding the typical six-month deployment length.
  • Trump said the ship will be rotated soon, with a similar carrier set to replace it.
  • Reports cite deteriorating living conditions and several suicide attempts among crew members, prompting calls for investigations.
  • The carrier was originally deployed to the South China Sea in November 2025 before being rerouted to the Middle East after US-Israeli strikes on Iran.
+
  • Houthi forces fired six ballistic missiles at al-Makha, a Red Sea port city.
  • The attack killed at least four civilians, with some reports suggesting up to eight deaths including two security personnel.
  • Targets included civilian infrastructure and fishing boats, escalating the conflict between Iran-backed Houthis and Saudi-backed Yemeni forces.
  • Houthis also claimed drone strikes on an Aramco facility in Najran and a refinery in Jazan, Saudi Arabia.
  • Nigel Farage won the recent by-election, keeping his seat in parliament.
  • A financial inquiry into Farage's affairs could threaten his political future.
  • The inquiry may affect Reform UK's prospects in upcoming elections.
  • Singapore imposed financial sanctions and travel bans on four Israeli individuals linked to extremist violence in the West Bank (2025).
  • The action shows Singapore will criticize Israeli settlement actions while preserving broader defence and tech cooperation.
  • Foreign Minister Vivian Balakrishnan reaffirmed support for a future Palestinian state and the principle of saying “no” to violations of international law.
  • Bilateral ties continue in technology, cybersecurity and life‑science sectors despite the sanctions.
  • Indonesia and China conducted a two-ship naval exercise on Aug 12, 6:30‑9:30 a.m., within Taiwan’s exclusive economic zone.
  • Taiwan demanded an explanation, citing sovereignty concerns, while Indonesia described the drill as a non‑threatening "passex" activity.
  • The exercise follows recent Japan‑Philippines maritime cooperation and increased China Coast Guard patrols east of Taiwan.
  • Analysts view the drill as a signal of Indonesia’s alignment with China amid broader regional security tensions.
  • Lebanese PM Nawaf Salam seeks a clear timetable for Israeli forces to pull out from southern Lebanon
  • Hezbollah leader Naim Qassem denounces the proposed agreement, saying it puts the Lebanese army under undue pressure
  • US officials met with Lebanese leaders to discuss the military track of the trilateral framework, with next talks slated for early September
  • Since March 2, Israeli attacks have reportedly killed 4,335 people, wounded 12,277 and displaced over 1 million in Lebanon
  • US Secretary of State Marco Rubio condemns Delcy Rodriguez’s tribute to Fidel Castro
  • The incident underscores tension as Venezuela balances closer ties with Washington
  • China seeks to preserve its economic interests in Venezuela despite US pressure
  • US Treasury placed Thailand on transshipment list, accusing it of facilitating Chinese tariff evasion
  • The alleged evasion is estimated to cost US tariff revenue $19‑26 billion annually
  • Dozens of other US trading partners were also listed, raising concerns over supply‑chain compliance
  • 39-year-old Andres Manuel Lopez Beltran claims his US visa was revoked.
  • He blames Secretary of State Marco Rubio and deputy Christopher Landau for the action.
  • The US State Department has not confirmed the revocation amid a broader crackdown on Mexican officials linked to cartels.
  • Lopez Beltran, former Morena party secretary of organisation, intends to run for a seat in the Chamber of Deputies next year.
  • President Claudia Sheinbaum says she is unaware of any investigations and calls the move interference in Mexican politics.
  • Cyberattacks reported in at least seven states, including Minnesota, Arkansas, Georgia, New Jersey and Michigan
  • More than 30 Minnesota communities faced coordinated attacks, prompting boil‑water advisories and temporary plant shutdowns
  • FBI found over 2,800 water system controllers exposed online, underscoring critical infrastructure vulnerability
  • U.S. intelligence agencies suspect Iran's IRGC involvement, but official attribution remains pending
  • Incidents caused loss of pressure, localized flooding and heightened public anxiety over water safety
  • Trump shifts from direct talks with Putin to a more skeptical stance on Russia's willingness to compromise
  • U.S. assessment of Putin has grown less optimistic, signaling a potential change in Ukraine support strategy
  • Kazakhstan faces heightened pressure as it balances relations with both the United States and Russia
  • Japarov disclosed he had planned to hand the presidency to security chief Kamshubek Tashiev but judged him "not ready"
  • Tashiev and five others received four‑year sentences for a coup attempt, later converted to three years probation; prosecutors are appealing for harsher punishments
  • Presidential election set for Jan 27, 2027, with Japarov confirming his own bid for a second term
  • 2025 law bars candidates with criminal records from running for president, limiting Tashiev's eligibility
  • The "Letter of 75" case prompted a shift of the election date from Jan 24 to Jan 27
  • Parliamentary committee recommends appointing a polar ambassador and establishing a Polar Affairs Desk within the MEA.
  • Arctic warming is roughly four times the global average, influencing Indian monsoons and threatening about 11,000 km of coastline.
  • Over 90% of India's merchandise trade is shipped by sea; emerging Arctic routes could reshape logistics and the India‑Middle East‑Europe corridor.
  • Polar regions contain hydrocarbons, fisheries and critical minerals essential for India's energy security and renewable‑tech supply chains.
  • Nepal cancelled the 17th IATS conference (Aug 23‑29) after formal request from Chinese officials citing security concerns.
  • The conference was set to host scholars from 40 countries; about a dozen Indian scholars withdrew following a visit by Chinese religious figure Venerable Master Yinshun.
  • Chinese diplomatic pressure follows earlier warnings against Nepal's participation in the CTA oath‑taking ceremony, highlighting Beijing's push to control Tibetan Buddhism abroad.
  • The move underscores ongoing geopolitical tensions surrounding the Dalai Lama's succession and China's broader influence in the Himalayan region.
  • President Marcos Jr. announced that joint oil and gas exploration talks with China have "moved forward".
  • A provisional understanding was reached on resupply missions to the BRP Sierra Madre at Second Thomas Shoal.
  • Marcos aims to finalize an oil deal before his term ends in mid‑2028, despite ongoing maritime disputes.
  • Citi sees US tariffs and export controls on AI as unlikely to significantly disrupt China's AI exports.
  • Restrictions on “open-weight” AI models are flagged as a “genuine wild card” that could reshape the sector.
  • The analysis comes ahead of a US‑China leadership summit scheduled for next month.
  • Sipahiyan-i-Mihan briefly seized a district centre in Badakhshan, the first Taliban loss of a district since 2021
  • National Resistance Front and Afghanistan Freedom Front report ongoing clashes in Badakhshan, Zebak and other provinces
  • UNDP 2026 assessment finds 75% of Afghans cannot meet basic needs and over 80% of households are in debt
  • Pakistan is suspected of political outreach to Afghan opposition groups, but no public proof of direct support
  • Drone entered Latvian airspace, prompting NATO Eurofighter jets to intercept and shoot it down
  • Latvian authorities issued air alert and advised population to seek shelter
  • Incident deemed a threat to national security, per Defence Minister Raivis Melnis
  • UN's IIMM report documents a year‑long investigation alleging systematic attacks on civilians by Myanmar’s military
  • Findings label the campaign as "war crimes and crimes against humanity," heightening diplomatic pressure on the junta
  • Analysts say the report is unlikely to halt Min Aung Hlaing's push for regional recognition of his post‑election government
  • Three joint statements signed covering strategic partnership, economic resilience, and science‑technology cooperation
  • Economic resilience statement emphasizes critical minerals and supply‑chain security amid global volatility
  • Vietnam targets high‑income status by 2045, leveraging Australian technology and defense collaboration
  • Defense cooperation expanded with updated Joint Vision on training, maritime security, and counter‑terrorism
  • Vietnam adopts more assertive Indo‑Pacific language, aligning with Australia and other regional partners
  • 80% of minors still use social media months after Australia's under-16 ban took effect
  • Platforms urge caution on early data, citing evolving age assurance technologies
  • Maximum penalties for non-compliance could double to A$99 million under proposed amendments
  • New Zealand's security agency labels China as the sole country conducting espionage at scale
  • China's Wellington embassy dismisses the report as a product of foreign interference and Cold War mentality
  • Diplomatic tensions rise amid existing geopolitical and security concerns between the two nations
  • Bill introduced on March 25 would let a new Ministry of Home Affairs authority seize assets of NGOs whose foreign‑fund registration is cancelled
  • Foreign contributions to Indian NGOs rose from $1.2 billion in FY 2010‑11 to $2.67 billion in FY 2024‑25
  • A 31‑member joint parliamentary committee will review the bill, with a report due in the first week of the winter session
  • US lawmakers label the proposal an “attack on Christians,” prompting diplomatic talks between US and Indian officials
  • Foreign Minister Penny Wong said One Nation's rise could leave Australia "lonely in a dangerous world"
  • One Nation leader has made harsh comments about regional leaders, raising diplomatic concerns
  • Wong warned the populist shift could damage Canberra's foreign relations and standing in Asia
  • Taiwan wrapped up a multi‑day combat drill aimed at testing invasion and blockade response capabilities
  • The exercise featured the first intentional mobile internet throttling to assess cyber‑defense resilience
  • Civil defence units participated, signalling heightened readiness amid rising cross‑strait tensions
  • Boost operational capabilities and national security of the RTAF
  • Expand space and satellite capabilities for strategic coverage
  • Enhance emergency response and disaster relief services
  • Strengthen joint operations and common operational procedures
  • Upgrade technical data links and integrate advanced systems
  • Activist Alon Lee Green alleges soldiers aided 'terrorist' settlers in Qusra
  • Video shows Israeli soldiers drinking tea with settlers surrounding Palestinian homes
  • Incident took place in the occupied West Bank village of Qusra
  • Over 73,000 Palestinians have been killed since the war began in October 2023.
  • An art space opened in April in Deir el‑Balah offers daily drawing sessions for children like 16‑year‑old Maryam.
  • Founder Abdullah al‑Ghafri maintains the centre despite high rental costs, seeking investors to keep it operating.
  • Vote counting halted nationwide due to attacks on polling officials and ballot theft
  • Electoral commission will review the suspension decision within 24 hours
  • Suspension follows reports of violence across multiple constituencies
  • President Trump signed an executive order last week to end birth tourism for Chinese nationals
  • A 10-year visa applicant plans a weeks-long visit next year and a return trip in two years while pregnant
  • The new rules will increase scrutiny on visa applications, potentially delaying or denying such travel plans
  • Lawyer Keith Griffin sentenced to 1 day in prison with time served for role in Lion Air crash compensation cases
  • Families of 189 victims in 2018 crash say justice remains elusive despite legal proceedings
  • Case highlights systemic failures in cross-border compensation for aviation disasters
  • Crew selected wrong radio frequency, losing comms with ATC in Romanian airspace
  • Hong Kong aviation authority expressed 'serious concern' over incident
  • Incident occurred on Hong Kong-London flight last month
  • 16,000+ public submissions received for Hong Kong's inaugural 5-year plan
  • General support for integration into national development and emerging sectors
  • Blueprint to be delivered next month
  • Trump and Musk reportedly reconciled after a public falling out
  • Details of their renewed relationship remain unclear
  • No significant market impact expected
  • Singapore’s Workers’ Party chief Pritam Singh disbarred for professional misconduct
  • Legal ruling reflects strict Singaporean standards; not expected to weaken political standing
  • Analysts view disbarment as isolated issue with minimal impact on his opposition role
  • Zhejiang museum mislabeled 'Red Army' as 'red car' in Long March exhibit
  • Errors highlight scrutiny over Communist Party history displays
  • Mistakes undermine 'red tourism' promotion efforts
  • Thai government says military ties, including Cobra Gold exercises, will not be used as tariff leverage.
  • Bloomberg report had suggested Thailand might threaten to curb joint exercises if U.S. tariffs increase.
  • Trade talks aim to lower tariffs from 36% to 19% while addressing forced‑labor and overcapacity issues under U.S. Section 301.
  • Kyaw Zwar Minn was charged with trespassing for remaining in Myanmar House after his dismissal following the Feb 2021 coup
  • Police say the alleged trespass occurred between May 2021 and November 2024
  • The trial will resume on September 25 at Westminster Magistrates' Court amid UK diplomatic concerns
  • Former PM Fumio Ishiba says Japan should look past WWII grievances
  • Comments made on August 15, the anniversary of Japan's WWII surrender
  • Highlights ongoing regional tensions over wartime memory
  • Future Nobel Prize winners Hideki Yukawa and Sin-Itiro Tomonaga were recruited by the Imperial Japanese Navy during WWII.
  • Their scientific contributions were directed toward technical challenges with military applications.
  • The historical case underscores the difficulty of separating basic research from defense projects.

Tech/AI 25

  • 471M breach notices in H1 2026 vs 297.5M in all of 2025, led by Canvas incident (275M)
  • 25% of breaches AI-enabled in past year, up 56% YoY per IBM study
  • Malicious insider attacks rose to 21 in H1 2026 vs 3 in all of 2025, linked to layoffs and North Korean IT scams
  • Only 24% of breach notices included incident details in H1 2026 vs 93% in 2021 due to legal/state variability
  • 78% of firms plan to increase cybersecurity budgets amid rising threats
  • GLM-5.3 scored 84.5% on CyberGym, slightly higher than Mythos 5's 83.8%
  • GLM-5.3 lags behind Mythos 5 in converting discovered flaws into working attacks
  • Z.ai to release GLM-5.3 publicly in about two weeks after completing security assessments
+
  • Amazon pledged carbon neutrality by 2040 in 2019, but emissions have risen by double‑digit percentages.
  • Google and Microsoft pledged carbon‑free operations by 2030 in 2020, yet their emissions are also climbing sharply.
  • All eight largest AI‑focused companies have seen emissions increase by double‑digit levels over the past six years.
  • California DMV issued permits allowing Aurora Innovation and Kodiak AI to test driverless trucks over 10,000 lb on public highways
  • Permits require a safety driver and prohibit testing on roads with speed limits of 25 mph or less unless on a direct route
  • New rules lift a previous ban on heavy‑duty autonomous vehicles, prompting a lawsuit from Teamsters California over safety and economic impact concerns
  • Kodiak has begun testing around its Mountain View office; Aurora previously launched routes in Texas such as Dallas‑Houston
  • AI-linked equities have dropped sharply, creating valuation gaps
  • BofA points to 16 AI-related stocks across hardware, internet and energy as attractive
  • Analysts see upside potential as AI demand stays strong despite short-term weakness
  • Opportunities span hardware manufacturers, internet platforms, and energy firms using AI
+
  • NCSC reports active abuse of macOS screen‑sharing flaw (CVE-2026-65400) on systems with port 5900 exposed
  • Vulnerability rated 7.1/10 severity; enables remote code execution and full system control
  • Exploits have installed a Monero miner, granting attackers root access
  • Apple issued patches for macOS Tahoe, Sequoia and Sonoma last week
  • First flight lasted about 30 minutes, using over 1 MW of electric power
  • Maximum take‑off weight exceeds 25,000 lb, similar to a small regional jet
  • Electricity cost for the flight was roughly $5, far below jet‑fuel expenses
  • Test took place at Plattsburgh International Airport, New York on Aug 12
  • All‑electric propulsion promises quieter, emission‑free flights amid rising fuel prices
  • SpaceX now accounts for over 75% of total mass launched to orbit
  • Falcon 9 flights have risen from a few dozen to several hundred per year in the last five years
  • Reusable rockets and high cadence are reshaping the global launch market, pressuring European providers
  • European policymakers view the shift as a strategic dilemma limiting regional launch options
+
  • Visible watermarks on AI images, videos and songs can now be turned off
  • Toggle applies to Gemini models Nano Banana, Omni and Lyria; available in Gemini and Flow, Search support coming
  • Invisible SynthID watermark and C2PA metadata remain mandatory for verification
  • Google will open‑source Credentio library for developers to embed local AI provenance checks
+
  • Meta released Glimmer, an open-weight AI model that users can download and run on their own hardware
  • Glimmer contrasts with Muse Spark, which remains locked behind Meta's APIs
  • Zuckerberg's accompanying letter argues AI should be "for everyone" rather than controlled by a few labs
  • OpenAI slashes GPT‑5.6 Luna price by 80%
  • Anthropic launches Claude Opus 5 at about half the price of its Fable 5 model
  • Chinese AI firms Moonshot and DeepSeek gain users in Silicon Valley and Europe
  • Rising AI costs drive enterprises to seek cheaper models
  • China and Brazil announce joint satellite to provide 24‑hour disaster early‑warning coverage across all of South America.
  • The meteorological satellite will monitor weather, climate and environmental conditions for the entire continent.
  • The project follows nearly 40 years of China‑Brazil space cooperation and aims to enhance regional resilience to natural hazards.
  • SpaceX and Blue Origin plan orbital AI data centers with up to 1M and 51,600 satellites respectively
  • Insurers face $500M–$750M annual premium market today vs. potential multi-billion-dollar orbital infrastructure
  • Technical risks include radiation, collisions, debris, and unproven repair/replacement logistics in orbit
  • Chinese scientists achieve 420km (260 miles) atom entanglement distance record
  • Breakthrough lays groundwork for intercity quantum networks
  • Distance exceeds previous demonstrations by four times
  • Uber and Chinese autonomous vehicle maker Pony.ai plan to deploy 2,000 robotaxis in four unnamed European cities.
  • The expanded partnership aims to carve out market share in the nascent robotaxi industry.
  • Pony.ai will supply the autonomous vehicle technology, while Uber provides its ride-hailing platform.
  • Fleet management (maintenance, charging) can be handled by local providers, with ownership varying by market.
  • This builds on previous collaborations, including a planned commercial service in Zagreb, Croatia.
  • Gene-editing therapies for nervous system require further studies before human trials
  • Techniques mature for animal experiments but not yet for human applications
  • Stanford professor Karoly Nikolich highlights current limitations in safety
+
  • Big Tech companies' earnings boosted by gains on investments in startups like Anthropic
  • Investment gains in AI and other emerging tech areas contribute to inflated earnings
  • Notable companies affected: Alphabet, Microsoft, Meta
  • Analysts warn Waico must avoid being seen as opposed to the US and its allies
  • Waico is not intended as an alternative to the US-led Pax Silica partnership created in December
  • Perceived split could deter prospective member countries from joining the AI organization
+
  • AI investment surge is driving strong demand for peripheral chips used in data centers and other applications
  • SMIC will keep prices unchanged despite softness in smartphone and automotive segments
  • Higher peripheral chip prices could boost revenue for China's leading contract chipmaker
  • Starlink opens its ordering portal for Vietnamese customers
  • The service has been granted a five-year operating licence
  • Vietnam waived foreign‑ownership limits to allow SpaceX entry
  • Launch expands Starlink's presence in Southeast Asia
  • Global Innovation Labs and Z Venture Capital will create a joint fund this year
  • Targeted at early‑stage Japanese startups in artificial intelligence, space and defense
  • Fund aims to bring Silicon Valley technology and expertise to Japanese companies
  • Goal is to accelerate global expansion of participating deep‑tech ventures
  • First known instance of hidden AI-readable text in a US court filing
  • Hidden prompts were invisible to human readers but legible to software
  • Judge warned the tactic sets a dangerous precedent as AI use in courts expands
  • Publishers routinely shut down online game servers with little notice, a practice deemed intolerable for over 15 years
  • The Stop Killing Games movement, highlighted by Ross Scott, seeks legislation to preserve access to older titles
  • A California bill aimed at keeping online games playable has cleared a key legislative hurdle, signaling potential policy change
  • Kog claims its software can achieve up to 30× faster LLM inference, demonstrated 3,000 tokens per second on a 2B‑parameter model
  • Demo used AMD MI300X and Nvidia H200 datacenter GPUs, targeting enterprise hardware rather than laptops
  • CEO reports 200 tangible business leads and aims for a 10× speed boost on a larger model by September to secure Series A funding
  • Team of 11 spends weeks‑months per GPU to reverse‑engineer performance, limiting short‑term chip coverage
  • Backed by Bpifrance, French Tech 2030 and other French investors, Kog seeks European AI sovereignty tailwinds
  • Unforgetful integrates with existing Apple Reminders and replaces its notifications
  • Notifications repeat until the task is marked done, preventing missed reminders
  • Snooze intervals increase with each snooze, but only one reminder is shown at a time
  • App priced at $19.99 per year and includes voice input and lock‑screen widgets

Companies 58

  • Jane Street posted a $15 bn loss for July, its worst month on record
  • Loss stemmed from failed bets linked to Leopold Aschenbrenner’s hedge fund
  • The decline underscores risk in the firm’s situational‑awareness trading strategies
+
  • Goldman Sachs is negotiating with insurers, asset managers and banks to join Nvidia's $500 billion AI financing plan.
  • Nvidia aims to raise over $500 billion of third‑party capital to fund AI compute infrastructure.
  • The deal could involve up to $125 billion of optional backstop support from Nvidia, representing 25% of potential financing.
  • Goldman will provide junior capital and private‑credit financing, and help place debt in private credit funds and public markets.
  • The financing structure shifts away from vendor guarantees, broadening the investor base for AI infrastructure funding.
+
  • Loaded up on AI stocks before July's market reversal, including Sandisk (-47%), Micron (-29%), Bloom Energy (-32%), Taiwan Semiconductor (-15%), and Nebius (-31%)
  • Held $745M in CoreWeave, another AI infrastructure name caught in the July rout
  • Forced to unload $35B in assets to Citadel at a discount due to liquidity crunch
+
  • Berkshire Hathaway increased its stake in Alphabet by 83% to $37.9 billion
  • Delta Air Lines holding climbed 44% to 57.3 million shares, valued at $5.4 billion
  • Housing bets increased with Lennar Class A shares up 30% to 13.1 million shares
+
  • Workday stock surged nearly 18% on Thursday, pushing its market value above $51 billion after buyout talks with Silver Lake.
  • The S&P 500 Software & Services index has risen roughly 25% quarter‑to‑date, underscoring sector strength amid AI‑related worries.
  • Morgan Stanley and Zacks analysts argue a premium private‑equity deal would prove current software valuations are too low.
  • European software shares, led by SAP, rallied after U.S. peers such as Salesforce, Adobe and ServiceNow posted gains of 1.9%‑4.5%.
+
  • Berkshire Hathaway doubled its stake in a U.S. housing-related stock
  • The conglomerate raised its Alphabet holding, adding new shares
  • Berkshire also increased its investment in Delta Air Lines
  • Consortium led by Jeff Bezos' K5 Global to purchase roughly one-third of Liverpool FC for about $7.1 billion.
  • Deal includes an option to buy a majority stake at a valuation near $8 billion within 12 months.
  • K5 Global contributes over $1 billion; other investors include EE Capital and former Facebook co‑founder Eduardo Saverin.
  • Bezos will not sit on the club’s board; vice‑chairman Amit Bhatia and reps from K5 Sports and EE Capital will join.
  • Liverpool FC is valued at $6 billion, ranking as the fourth‑most valuable soccer club worldwide.
+
  • Nvidia reduces its $250 billion guarantee commitment for OpenAI's new data centre
  • Investor concerns rise over Nvidia's balance‑sheet risk exposure
  • The cut may temper near‑term demand growth for Nvidia's AI chips
+
  • Stripe and Advent have reportedly offered $60.50 per share, valuing PayPal at about $53 billion.
  • CEO Enrique Lores' turnaround plan includes a 20% workforce reduction over the next 2‑3 years.
  • Negotiations are ongoing and could conclude in the coming weeks, though PayPal has not confirmed the talks.
+
  • Amazon revives arbitration clause for employee and consumer disputes
  • Class-action lawsuits are barred under the new policy
  • Arbitration requirement applies to all new US-based claims
  • Company expects reduced litigation costs and faster dispute resolution
  • Jane Street reported a $15 billion hit tied to a recent tech sell‑off
  • The loss underscores the firm's exposure to volatile equity positions
  • No immediate ripple effect on broader market indices was reported
+
  • Nvidia holds 122.8 million Class A shares in SpaceX, valued at $21 bn as of Q2 end.
  • The stake's market value fell to $17.2 bn after SpaceX share price dropped from $170.86 to $140.
  • Nvidia's SpaceX holding is its second‑largest investment, behind its $22 bn stake in Intel.
  • The shares originated from Nvidia's $10 bn investment in xAI, part of a $20 bn round in Jan.
  • Musk said SpaceX will exclusively use Nvidia GPUs and expects a significant allocation of Vera Rubin GPUs next year.
  • Quarterly revenue topped $11.5 billion, exceeding analysts' expectations
  • Revenue growth driven by heightened demand for AI services
  • Company is gearing up for an initial public offering later this year
  • Results place Anthropic among the largest AI firms by revenue
+
  • Diana Shipping ends its takeover attempt of Genco Shipping after nearly a year of negotiations
  • The withdrawn offer was the latest development in a prolonged acquisition battle between the two firms
  • The decision removes uncertainty for Genco Shipping's shareholders and may affect both companies' stock prices
+
  • Added new holdings in Amazon (AMZN) and AMD (AMD) per latest 13F filing
  • Reduced positions in unnamed chipmakers, indicating a shift away from the sector
  • Moves signal a focus on growth-oriented tech stocks amid broader market volatility
  • The D.C. Circuit Court of Appeals remanded DJI's Pentagon blacklist challenge to the lower court
  • DJI remains on the U.S. defense blacklist pending further review
  • The legal dispute, ongoing for years, could affect DJI's access to U.S. government contracts
  • No immediate impact on DJI's commercial sales reported
  • Oracle plans $165 billion data center development in New Mexico.
  • Transwestern Pipeline postponed Green Chile Project start from Aug 15, 2024 to Feb 1, 2027.
  • Six‑month delay threatens Oracle's Project Jupiter timeline in Doña Ana County.
  • Thrive allocates roughly 90% of capital to its top 15 investments per fund
  • Its 2022 early-stage fund of $516 million is now valued at over $3.7 billion
  • Gross IRR across all funds is 41% and net IRR is 33%
  • Manages about $60 billion in assets and returned more than $1 billion to investors in the last 12 months
  • Kushner criticizes Silicon Valley's spray‑and‑pray AI investing, urging disciplined, concentrated bets
  • Chief revenue officer Denise Dresser and operating chief Brad Lightcap left OpenAI within weeks of each other
  • OpenAI's enterprise revenue grew over 20% month‑over‑month in July, with business customer growth of 32%
  • Enterprise business now serves 2 million customers, double the count from a year earlier
  • Executive exits raise investor concerns as OpenAI prepares for a potential IPO valued at $852 billion
  • Matter, Instapaper, Raindrop.io, Plinky, Paperspan, Readwise Reader, DoubleMemory, Recall emerge as alternatives to Pocket
  • Many apps offer import features for Pocket users
  • Some apps offer premium features for subscription fees
+
  • SanDisk stock rose about 35% over the past week
  • Shares have climbed more than 60% from recent lows
  • Analysts upgraded the company after announcing new financial targets
  • The rally makes SanDisk one of the week’s top gainers
+
  • Thrive Capital owned 904,038 Amazon shares valued at about $215.5 million as of June 30
  • Amazon's market value topped $3 trillion for the first time in early August, driven by strong earnings and AI-linked cloud demand
  • Thrive maintains stakes in Figma, Oscar Health and Shopify, and its SpaceX holding was valued at $3.23 billion at June end
  • Earlier this year Thrive raised more than $10 billion for its latest fund focused on early- and growth-stage tech investments
+
  • Parks segment delivered a "big surprise" in the latest quarter, driving profitability.
  • Disney+ is expanding internationally and a free ad‑supported tier is under consideration.
  • Disney's stock is down more than 8% over the past year, prompting CEO concern.
  • Cost‑cutting measures have affected roughly 1,000 employees, with further layoffs in ESPN, Pixar and National Geographic.
  • CEO rules out spinning off ESPN despite rising sports rights costs.
  • US Court of Appeals upholds preliminary injunction against several Alternative Funding Programs (AFPs) for importing Gilead medications from overseas
  • AFPs may be forced to shrink or go out of business due to the ruling
  • Gilead claims AFPs bypassed FDA oversight and quality safeguards by importing medications through unauthorized foreign channels
+
  • Judge James Donato orders Google to fix Play Store download process within one week
  • Ruling mandates easier access for third‑party app stores such as Aptoide in Google Play
  • Court finds Google's current implementation adds unnecessary anticompetitive friction
+
  • Apple proposes a 15% commission for standard apps on purchases made via external links
  • Small business developers would pay a reduced 5% commission; Video, News, and Mini Apps partners would pay 10%
  • Subscription renewal fees would be set at 10% under the proposal
  • The Supreme Court rejected Apple’s request to pause the case, forcing disclosure of the new fee structure
  • Apple compares its rates to Google Play, which charges 20% for standard apps and 15% for special programs
+
  • Reddit stock jumped more than 11% following announcement of S&P 500 addition
  • Index funds will need to purchase about 16.7 million Reddit shares, roughly three times its 5.98 million average daily volume
  • Reddit is down over 31% YTD and 42% from its September 2025 peak despite the inclusion news
  • Historically, new S&P 500 constituents outperform on announcement day but lag the index by ~2% over the following three months
+
  • Gemini reports $108M Q2 net loss
  • 37% revenue growth driven by credit card and staking revenue
  • Exchange revenue fell 38% and trading volume dropped by two-thirds
  • Rocket Lab introduces GHOST, a portable spaceport that enables launch‑anywhere, launch‑anytime capability for its Electron rocket.
  • GHOST (Global Hypersonic & Orbital Spaceport Technology) is designed for multi‑launch campaigns and critical national‑security missions.
  • The company’s Neutron vehicle remains ambiguous, with Stage 2 readiness unchanged for 12 months.
  • Blue Origin is pursuing a two‑pad launch strategy as part of its expansion plans.
+
  • Alphabet's SpaceX stake valued at $94B as of June 30, up from $900M in 2015 (100x growth)
  • SpaceX IPO at $135/share; shares now at $141.29, down 17.3% from June 30 close
  • Top 5 institutional holders (Alphabet, Fidelity, Gigafund, Baillie Gifford, BlackRock) own ~75% of reported SpaceX shares
  • RedotPay's US IPO delayed amid unresolved regulatory approvals
  • Company claims to have secured a US money transmitter license
  • Legal and compliance hurdles cited as primary obstacles
  • Nintendo shares jumped 7% after Pokémon Pokopia sales exceeded 5 million units
  • Switch 2 console shipments fell 34.4% year-on-year to 3.82 million in the June quarter
  • Fiscal 2027 Switch 2 sales forecast lowered to 16.5 million units
  • Stock has rallied over 26% in the past month despite a 16% year-to-date decline
+
  • Shares dropped about 4% in early trading on Friday.
  • Forecast Q4 revenue of $10.25 billion, above the $9.54 billion consensus estimate.
  • Projected Q4 margin to hold at 50.4%, flat with prior quarter.
  • Valuation at 32.14× forward earnings, lower than peers Lam (34.59×), KLA (36.85×) and ASML (33.39×).
  • Chinese premium EVs meet safety standards of global brands
  • Domestic EVs gain traction among high-end buyers
  • Chinese brands offer competitive tech and driving experience
  • Shein aims for a premium valuation on par with H&M and Inditex.
  • Internal documents argue the company should be viewed as a global fashion giant, not a regional Chinese brand.
  • Analysts suggest the market could price Shein similarly to established peers despite its private status.
+
  • SMIC sees orders for mature-node AI chips rise sharply above its 2024 forecasts
  • Company will add new equipment to factories to meet the unexpected demand surge
  • AI infrastructure boom globally is creating shortages of AI-related semiconductor capacity
  • Q2 loan marketplace volume reached $4.3 billion, up 132% YoY
  • Net income rose 192% to $87 million; net revenue more than doubled to $226 million
  • Net income margin expanded to 38.8%, a 10.5‑point increase
  • Marketplace volume grew 262% YoY; third‑party loans accounted for 65% ($2.8 billion)
  • Added 102 loan‑origination partners, total now 489; expects Q3 volume $4.8‑$5.2 billion
+
  • Uber and Pony.ai will roll out 2,000 autonomous taxis in four European cities.
  • The partnership follows a pilot launch in Zagreb, Croatia, the first European robotaxi service.
  • Uber also plans robotaxi pilots in Tokyo, Madrid and the Middle East with Pony.ai and other partners.
  • Waymo currently leads with about 5,000 vehicles, underscoring competitive pressure on Uber's rollout.
  • Pony.ai is scheduled to release its quarterly earnings on Tuesday.
+
  • LG Electronics (Thailand) Co Ltd cites prolonged hot weather driving growth in the cooling appliance segment
  • Government stimulus packages expected to lift consumer spending in the second half of the year
  • Company sees potential for growth in the Thai market
+
  • Chinese sales slipped in the latest reporting period, prompting a reassessment of growth targets.
  • Volkswagen is weighing capacity cuts and potential mass layoffs at its European factories.
  • The automaker is deepening ties with local partners such as Xpeng while trimming its own operations.
  • Hiroshi Okuda, who became Toyota president in 1995 as the first non‑family chief in 28 years, has died.
  • Akio Toyoda led the company for more than 13 years after family leadership returned in 2009.
  • In 2023 non‑family executives Koji Sato and then Kenta Kon took the presidency, with Daisuke Toyoda identified as the next generation leader.
  • Brookfield bought a portfolio of rental apartments for over 100 billion yen ($627 million)
  • The assets span four major Japanese urban centers
  • Marks Brookfield's first direct entry into Japan's residential real‑estate market
  • Highlights continued foreign investment flow into Japanese housing
+
  • Australian EV sales are accelerating amid rising fuel prices and supportive policies.
  • Chinese manufacturer BYD is using low‑cost models to gain market share.
  • Japanese automakers, traditionally dominant, face growing competition from Chinese EVs.
  • Higher gas prices linked to the U.S.-Iran conflict are boosting EV demand.
+
  • Dentsu will reduce overseas subsidiaries by up to 30% by fiscal 2028.
  • The plan follows a profit swing in Jan‑Jun 2026 after a loss the prior year.
  • AI‑driven rivals such as Accenture and Google are intensifying competition.
  • Restructuring aims to restore profitability and refocus on core domestic business.
  • Director Sonalee Parekh sold shares worth $76,000
  • Transaction disclosed in recent filing
  • No other insider activity reported
+
  • 8 Rivers Capital disposed of approximately $1.4 million in Net Power (NASDAQ:NPWR) stock.
  • The sale was disclosed in a recent filing with the SEC.
  • No other material changes to Net Power's ownership structure were reported.
  • Q1 2026 revenue rose year‑over‑year, beating internal expectations
  • Net earnings remained flat, leading to no change in the share price
  • Management reaffirmed guidance for the full year despite mixed quarterly results
  • Prairie Creek site remains under development despite previous dead‑ends.
  • Honey Badger conducts on‑site assessment to determine next steps.
  • Project's continuation hinges on technical and economic feasibility.
+
  • Blue Moon Metals (TSXV: MOON, Nasdaq: BMM) denies Viceroy Research's claims regarding project permits
  • Company also rejects assertions about financing gaps for the Nussir copper development
  • Analyst firm counters short-seller narrative, supporting Blue Moon's development strategy
  • Project valued at 15 billion baht (≈ $460 million).
  • Construction slated to begin on 21 August 2024.
  • Located in Bang Na district, Bangkok, on a large mixed‑use site.
  • Will feature residential units, office towers, international schools, hotels and retail space.
  • Limited to 1,963 units, priced at $741,172 each
  • Hybrid power exceeds 1,050 horsepower
  • Accelerates 0-100 kph (62 mph) in 2.4 seconds
  • State Superior Court issued preliminary injunction requiring Kalshi to stop offering sports, election, and other wagers in Washington
  • Kalshi must deploy IP‑address/residency geofence by August 19 and a multi‑source geofencing solution by September 2
  • Court found Kalshi lacks a state gambling license and its ads may mislead consumers about legality
  • Cyclospora outbreak has sickened over 24,000 U.S. people and caused two deaths this summer.
  • Senator Elizabeth Warren alleges Taylor Farms' political contributions and lobbying to the Trump administration may have compromised the federal response.
  • Warren's letter calls the government's handling of the outbreak "botched" and urges investigation into possible influence‑peddling.
  • Samsung maintains its position in the foldable phone market amidst growing competition from Google, Motorola, and Chinese OEMs.
  • The Galaxy Z Fold 8 Ultra features iterative improvements, including a slightly slimmer design compared to its predecessors.
  • Most compromises associated with foldable phones have been addressed in the Z Fold 8 Ultra, except for its high price.
  • The device retains a similar size and shape to Samsung's previous tablet-style foldable models.
+
  • Marubeni plans $12B overseas investments over next few years
  • CEO cites stronger yen as key to enhancing acquisition firepower
  • Firm aims to leverage currency strength for strategic global expansion
  • Private funds now manage $2 trillion in assets under Wall Street management
  • Investors should scrutinize fee structures, liquidity terms, and performance track records
  • Due diligence on fund managers' experience and alignment of interests is critical
  • Regulatory disclosures and risk factors must be reviewed before committing capital
  • COO Sachin Jain sold $110 worth of CoreWeave shares
  • The sale was disclosed in a recent filing
  • No significant change to Jain's ownership stake
  • Czinger's 21C Spyder features organic-looking brake assemblies created with direct-metal laser sintering
  • Brake components use topology‑optimized shapes to reduce weight while maintaining performance
  • The hybrid supercar showcases the company's in‑house 3D‑printing capabilities as a parts supplier

Thai Markets 2

+
  • Fuel costs rose 43%–49% year‑on‑year, squeezing airline margins
  • Thai AirAsia posted a 2 billion baht operating loss in Q2
  • Bangkok Airways saw operating profit fall 39.3% YoY
+
  • Tourism fee set at 450 baht per foreign visitor
  • Collection to begin as early as April 2027
  • Fee aimed at boosting tourism revenue for the ministry

Other 46

  • 28‑year‑old Luigi Mangone pleaded guilty to two federal offenses: interstate stalking resulting in death and stalking through use of interstate facilities resulting in death.
  • The victim was UnitedHealthcare CEO Brian Thompson, shot in December 2024; Mangone’s federal sentencing is scheduled for Dec 18, 2026.
  • Separate state charges for second‑degree murder and firearm offenses remain pending, with a motion filed to dismiss them.
  • Around 500,000 hectares have burned across Europe due to extreme heat and drought.
  • In Croatia, one person died, 40 were hospitalized and 2,000 residents were evacuated from Omis.
  • Heatwaves have driven record-high temperatures across multiple European regions.
  • Magnitude 7.4 quake struck western Colombia on Monday, killing at least 281 people
  • Thousands injured and many families displaced, with makeshift shelters set up in Pereira
  • Government declared an economic emergency but has not disclosed reconstruction cost estimates
  • Poor neighborhoods in Pereira and the city of Cali were heavily damaged
  • Survivors report loss of homes, livelihoods and basic services, including power outages
  • CFTC launched internal review of mention markets on platforms like Kalshi, focusing on speech‑based contracts.
  • Kalshi's mention markets generated about $3.3 million in trading volume last month, far below crypto contracts.
  • Former teleprompter operator allegedly earned $90,000 betting on President Trump's speech content.
  • Washington judge blocked Kalshi's mention, sports, election, and other high‑volume markets pending state law compliance.
  • CFTC Innovation Advisory Committee will discuss prediction markets, AI, and crypto on Aug 20.
  • WSJ story highlighted a loss in a SpaceX pre-IPO fund, prompting reader backlash
  • Several readers reported being stuck in similar funds with limited liquidity
  • Funds targeting pre-IPO shares often lack transparency on valuation and exit timing
  • Investors face heightened risk of loss if target companies delay or cancel IPOs
  • Families of drug war victims began public hearings before the Truth Commission, launched in May 2024.
  • Official death toll is about 6,000, while rights groups estimate 20,000‑30,000 extrajudicial killings.
  • Former President Rodrigo Duterte was arrested and transferred to the ICC in March 2025 on crimes against humanity charges.
  • The commission lacks prosecutorial power but will share findings with Philippine courts and the ICC.
  • Council upheld assisted dying law passed by parliament with 291 votes in favour and 241 against
  • Law permits euthanasia for patients with incurable, terminal illnesses under strict consent criteria
  • Court rejected bill banning under‑15s from social media, citing insufficient legal safeguards and privacy concerns
  • President Macron will ask the prime minister to draft a new, legally robust social‑media age‑verification law
  • From 2029, the judiciary will release annual counts of wiretap authorizations that employ spyware, based on the 2028 Wiretap Report.
  • The reporting will cover only real-time communications interceptions, not remote device hacks that extract stored data.
  • Senator Ron Wyden, who has pushed for transparency, highlighted the move; Italy reported 4,321 spyware targets in 2023.
  • The Administrative Office of the U.S. Courts will update reporting forms and procedures to capture the new spyware category.
  • Privacy advocates say the data could reveal usage in the tens of thousands, enhancing government accountability.
  • Oct 2025 decree lists "promotion of LGBTQ+ culture" as a non‑military security threat
  • July 14‑16 attacks saw over 15 trans women beaten and humiliated in Bogor
  • Trans gender change allowed only after surgery and court approval; same‑sex acts can be criminalized under moral laws
  • Government’s anti‑LGBT rhetoric linked to economic turmoil and shrinking civil space
  • Broadcasting Bill bans LGBTQ+ content, leading to media self‑censorship
  • DOJ asks Supreme Court for a stay on the injunction that halted ballroom construction
  • Appeals court set an Aug 21 deadline to stop work unless Congress authorizes the project
  • Project cost estimated at $400 million, with funding now expected from taxpayers
  • Planned ballroom spans 90,000 sq ft and includes bomb shelters and other security features
  • Three paintings by Cézanne, Renoir and Matisse recovered in Parma
  • Combined value exceeds $10 million
  • Nine Moldovan suspects investigated, five believed to have carried out the burglary
  • Heist occurred on March 22 and lasted under three minutes
  • Artworks seized from an apartment in Parma
  • Ministry of Education preparing a school safety framework for cabinet approval
  • Authorities increasing security measures at multiple schools following recent threat incidents
  • Bill aims to standardise safety protocols, emergency response and coordination with police
  • More than 80 job seekers filed complaints with anti‑human trafficking police
  • Alleged losses total over 20 million baht
  • Victims were promised jobs in Canada and Finland
  • Police are investigating the recruitment scam as human‑trafficking fraud
  • Catania airport closed until at least 2 pm GMT Saturday due to volcanic ash
  • Over a third of 1,974 scheduled flights cancelled and 600 diverted since eruption began
  • Airport, which handles ~40,000 passengers daily, left ~300 travelers stranded on Thursday
  • A 7.4-magnitude quake struck Colombia, killing at least 287 people
  • Nearly 13,000 homes were destroyed across the coffee-growing region
  • Authorities report 379 people still missing after the disaster
  • World Bank pledged $200 million in emergency funds for relief and reconstruction
  • Melissa Farris, 41, arrested and charged with two felonies for depredation of US property and destruction of veterans' memorials
  • Charges carry potential sentence of up to 10 years in prison
  • Arrest follows recent vandalism of the memorial with soap, graffiti and the phrase “Clean hands dirty $”
  • Case occurs amid a public dispute between President Trump and US Attorney Jeanine Pirro over earlier Reflecting Pool charges
  • Three charitable-deduction provisions were amended by Congress this year
  • Tax benefit is greater for contributions made earlier in the calendar year
  • The most common charitable giving method now incurs higher costs for donors
  • 46% of Americans aged 18‑34 have a favorable or very favorable view of democratic socialism (poll of 1,088 respondents).
  • 80% rate the US economy as bad or really bad, and 50% expect it to get worse.
  • 45% cite housing as their biggest financial pressure, and 45% say AI will negatively impact their careers.
  • 44% of US paycheck-to-paycheck workers incurred late fees, interest or overdraft charges in last 6 months
  • Chime Card offers 5% cash back (Prime members) and no overdraft fees via SpotMe® up to $200
  • Citi Simplicity® Card provides 18-month 0% APR on purchases/balance transfers with no late fees or penalty APR
  • Investment scam cases in H1 2024 fell 15% YoY to HK$1.65b losses
  • Fraudsters impersonated non-existent overseas firms to lure investors
  • Police warn of rising sophistication in scam tactics targeting retail investors
  • On August 5, HHS announced immediate decertification of the organ procurement organization.
  • Allegations claim organs were harvested from donors who may have still been alive.
  • The decision has heightened anxiety among Chinese students and parents in the US.
  • The move underscores ongoing scrutiny of US organ transplant practices.
  • Cyberattack on France's General Direction of Public Finances compromised taxpayer data
  • Data of 678,000 individuals and businesses was extracted
  • Ministry will notify affected users and advise precautionary measures
  • Investigation continues to determine specific data types and further impact
  • Eureka Forbes initiates audit after authorities rescued four children aged 14-16 from supplier YY Harness
  • The rescued children were paid $105‑$125 per month and worked six days a week
  • India's National Human Rights Commission ordered supply‑chain checks for Eureka, Havells and Unilever India
  • Supplier YY Harness, a small electrical wiring firm, identified the major companies among its clients
  • New tourist offering combines sumo exhibitions, kabuki performances and local cuisine
  • Activities target foreign visitors seeking authentic Japanese cultural experiences
  • Initiative launched at Tokyo Tower and Sumo Club Entertainment venues
  • Government aims to construct at least 250 cable‑car lines across the country
  • First line, the Dharamshala Skyway, opened in Himachal Pradesh in 2022
  • Project led by a Tata Group subsidiary and backed by central authorities
  • Goal is to reduce road traffic and improve mobility in congested cities
  • Jason Arday, 41, was discovered unresponsive in south London on Friday.
  • He had resigned from the University of Cambridge last week after plagiarism and racism allegations.
  • Metropolitan Police have not confirmed his identity; a formal investigation is underway.
  • Finlay Tarling, 19, died after a serious accident on Stage 8 of the Tour of Portugal
  • Collision involved a vehicle traveling opposite direction, not part of the race
  • Stage was suspended with about 20 km remaining and the podium ceremony cancelled
  • Partner works late hours, often not off until 4 a.m.
  • Significant schedule mismatch with a standard 9‑to‑5 job
  • Success depends on communication, flexibility, and planning
  • Nine PBS alleges loss of 50TB of TV shows and videos dating back 70 years
  • Lawsuit filed on July 28 in Denver District Court against Iron Mountain Data Centers
  • Cloud provider Open Source Storage is defunct and unresponsive
  • Data stored at Iron Mountain's Denver facility includes over 11,000 files
  • Hulu released an R-rated director's cut of the 2008 film "The X-Files: I Want to Believe"
  • Original film grossed $68 million against a $30 million budget
  • Release follows renewed interest from the series' 2016 and 2018 revivals
  • One pilot died after helicopter crashed in an eastern German forest
  • Crash occurred during liming work near the town of Chemnitz
  • No other occupants were on board; cause of accident not disclosed
  • Two interdepartmental teams honored with the Chief Executive’s Award for Exemplary Performance
  • Award presented by Hong Kong chief executive John Lee Ka-chiu
  • Recognized for professional spirit, competence and pursuit of excellence in public service
  • 64-year-old retiree owned residential, commercial and parking properties
  • Scammer contacted via WhatsApp after a Facebook rental listing
  • Victim lost HK$10 million (about US$1.3 million) in the fraud
  • No tenancy agreement was signed; fraudster posed as prospective tenant
  • Police disclosed the case on Friday
  • At least eight workers died after a toxic gas leak at Ferdaus Steel Shipbreaking Yard in Sitakund, Chattogram.
  • Several workers lost consciousness and were rushed to a local hospital.
  • The yard, which dismantles imported vessels, faces heightened safety scrutiny after the accident.
  • At least seven workers died after a tunnel collapsed at a hydropower project in India's Uttarakhand state.
  • The incident occurred overnight at the Vishnugad-Pipalkoti hydroelectric project in Chamoli district.
  • Out of 22 workers in the tunnel, 12 have been rescued alive.
  • 73-year-old entrepreneur Huang Xiaochi to become China's first space passenger
  • Scheduled to embark on suborbital mission aboard CYZ1 in 2028
  • Will reach the Kármán line, the boundary of Earth's atmosphere
  • 17-year-old Chen Tsz-kin diagnosed with incurable muscle-wasting disease at 18 months
  • Condition gives average life expectancy of 18 years
  • Survived two near-death episodes in 2024 from influenza and a respiratory virus infection
  • Described his emotional state as "incredibly low" after the scares
  • Shared his experience on Facebook, highlighting mental‑health challenges
  • Sentenced to six years and eight months in prison
  • Stole diamonds worth HK$11 million (≈US$1.4 million)
  • Theft occurred between April 2023 and February 2024
  • Pleaded guilty to three counts of theft
  • Received a prison term of 3 years and 8 months
  • Stole more than S$100,000 (about US$78,000) in valuables
  • Broke into a Capella Singapore suite and two homes in Serangoon
  • 41‑year‑old Chinese citizen pleaded guilty to housebreaking
  • International Islamic University Malaysia scheduled a talk by analyst Abdul Razak Baginda, former lover of a Mongolian murder victim
  • The announcement sparked anger on social media and among the public
  • University academics have called for a review of the planned appearance
  • 47-year-old moving services manager pleaded guilty to molesting 11-year-old daughter
  • Seven assaults occurred between August 2023 and March 2024
  • More than 200 photos and videos of the assaults were found
  • Family bankruptcy prompted a career shift to private chef work
  • Now earns up to US$118,600 annually as a private chef
  • Studied at New York Film Academy and completed a master's degree in Britain
  • Previously lived in Manhattan aiming for a Hollywood directing career
  • Tickets for the Bahrain Grand Prix at Sepang went on sale Thursday
  • Fans report confusing ticketing arrangements and broken links
  • Event marks Malaysia's first F1 race in almost a decade, scheduled Oct 2-4
  • Hundreds of people gathered in Central to see Cavill filming on Thursday night
  • The set recreated Hong Kong's iconic neon signs and hawker stalls
  • Cavill's appearance follows his recent casting in the upcoming Highlander series
  • Indigenous Bajau aim to shape tourism on Sabah's southeastern coast
  • New Bajau-led festival will feature traditional crafts, dance, and music
  • Community seeks a larger role in cultural presentation and tourism planning
  • Small‑batch whisky, gin and spirit producers are multiplying across Japan
  • Tasting tours are becoming a popular niche tourism activity
  • Toyama's Saburomaru Distillery was highlighted as the top experience