World News
Canada to announce retaliatory tariffs against US as trade fight escalates
PM Carney said that Canada may need to move away from matching US tariffs dollar for dollar and instead use more targeted retaliation aimed at protecting Canadian workers and businesses
 "Canada to announce retaliatory tariffs against US as trade fight escalates")
US set for largest mass visa revocation ever, targets up to 200K foreigners
If it happens, the move would be the largest single mass revocation of visas in US history and would likely face legal challenges
 "US set for largest mass visa revocation ever, targets up to 200K foreigners")
US SC sides with Trump admin on mail voting restrictions ahead of midterms
The decision leaves room for additional court challenges that could further slow Trump's order, and other similar cases have already been filed
 "US SC sides with Trump admin on mail voting restrictions ahead of midterms")
Trump weighs 7.5% tariff on China for flooding market with cheap goods
The move, if finalised, appears to be a calibrated effort by the White House to work around a SC decision earlier this year that struck down Trump's plan to implement a sweeping, high-tariff scheme
 "Trump weighs 7.5% tariff on China for flooding market with cheap goods")
US attempt to strangle Iran's economy depends on China's cooperation
The US has spent 20 years promising 'crippling sanctions' on Iran. But the latest effort comes with a reverse twist, after military action failed to accomplish President Trump's goals
 "US attempt to strangle Iran's economy depends on China's cooperation")
Trump administration moves to impose over $100K fee on H-1B worker visas
A federal judge in June ruled that the fee was illegal and blocked the Trump administration from collecting it.
 "Trump administration moves to impose over $100K fee on H-1B worker visas")
Iran vows retaliation as US expands sanctions, threatens economic lifeline
US Treasury Secy Scott Bessent unveiled measures but stopped short of the most punishing sanctions, saying countries that continued trading with Iran risked being forced out of dollar system
 "Iran vows retaliation as US expands sanctions, threatens economic lifeline")
Bessent's economic D-Day threat to Iran hinges on willingness to hit China
But that's only if Bessent actually follows through on a threat the Trump administration has made before
 "Bessent's economic D-Day threat to Iran hinges on willingness to hit China")
US unveils 'economic D-Day' against Iran, warns trade partners of sanctions
The statement marked the latest bid to force capitulation from Iran, which has refused to bow to US demands despite months of US bombing that began in February as well as decades of economic sanctions
 "US unveils 'economic D-Day' against Iran, warns trade partners of sanctions")
Iran threatens response as US expands sanctions, warns other nations
The new head of Iran's top security body warned Sunday that Tehran will see any country's support for the sanctions as an "act of war".
 "Iran threatens response as US expands sanctions, warns other nations")
Zelenskiy says Russia is 'not ready' for ceasefire on grain ships
Moscow and Kyiv, major players in global agriculture markets, have accused each other of intensified attacks on vessels used for food exports during Russia's war in Ukraine.
 "Zelenskiy says Russia is 'not ready' for ceasefire on grain ships")
The $500 billion experiment to build 24/7 markets on blockchain
Modern finance spent decades building markets around a common architecture: recognized venues, set trading hours and benchmark prices that anchored everyone else.
 "The $500 billion experiment to build 24/7 markets on blockchain")
Trump threatens 50% tariffs on all cars, trucks from Canada amid trade spat
"On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON'T NEED CANADA, THEY NEED US!" Trump said.
India's Iran exports set to fall further amid Dubai halt, US sanctions
Indian exporters fear Trump's proposed "economic D-Day" plan, likely to be unveiled later on Monday, could further squeeze trade weakened by sanctions, banking caution and shipping constraints
 "India's Iran exports set to fall further amid Dubai halt, US sanctions")
Xiaomi develops its own AI mobile chip in challenge to Qualcomm, MediaTek
The Xring O3 system-on-a-chip advances Xiaomi's in-house semiconductor design efforts with more power-efficient image processing and better artificial intelligence capabilities
 "Xiaomi develops its own AI mobile chip in challenge to Qualcomm, MediaTek")
US national debt crosses $40 trn: What govt debt means and how it works
US national debt has crossed $40 trillion. Here's a guide to how government debt works, why governments borrow, who they owe money to, how they repay it and what debt ceilings mean
 "US national debt crosses $40 trn: What govt debt means and how it works")
AI is boosting UK productivity, but it's coming at a cost for workers
Britain has seen a K-shaped recovery: The top end of its economy is doing better than it has in years, but the bottom is struggling
 "AI is boosting UK productivity, but it's coming at a cost for workers")
US startup Powerus builds low-cost drone interceptors amid Iran war
For Florida-based Powerus, becoming a global supplier of counterdrone technology has meant involving the Trumps, a golf course and a new way of doing business
 "US startup Powerus builds low-cost drone interceptors amid Iran war")
Vessels violating Hormuz protocols shall face fines, detention: Iran
The authority also warned that vessels cooperating with ships already listed as non-compliant would themselves be added to the list
 "Vessels violating Hormuz protocols shall face fines, detention: Iran")
Not a single drop of oil will be exported if US economic war persists: Iran
Iran's Supreme National Security Council Secretary Mohsen Rezaei warned that Iran would consider any country supporting or participating in US economic campaign against Tehran to be an 'act of war'
 "Not a single drop of oil will be exported if US economic war persists: Iran")