World News
US weighs reducing military presence in Gulf as Iran war cost hits $37.5 bn
The review follows extensive damage to American installations during the Iran conflict, with officials assessing future base configurations and whether damaged facilities should be rebuilt
 "US weighs reducing military presence in Gulf as Iran war cost hits $37.5 bn")
Asian shares rise, South Korea's Kospi jumps 6% after Wall Street gains
South Korean stocks rebounded sharply after a steep sell-off, with Samsung Electronics up 9.7% and SK Hynix gaining 14.1% on a share buyback plan
 "Asian shares rise, South Korea's Kospi jumps 6% after Wall Street gains")
US debt crosses $40 trillion: Why America's debt burden keeps growing
The US government is spending far more than it collects in revenue, with rising interest costs, social security and Medicare outlays, defence spending and tax cuts widening the fiscal gap
 "US debt crosses $40 trillion: Why America's debt burden keeps growing")
Evergrande founder Hui Ka Yan gets life term, firms fined $2.4 bn
The property tycoon was convicted of fundraising fraud and bribery, while Evergrande and its onshore unit were fined 15.82 billion yuan
 "Evergrande founder Hui Ka Yan gets life term, firms fined $2.4 bn")
US military facilitates oil shipments through secret Hormuz route: Report
The US military has established a discreet shipping corridor through the Strait of Hormuz, allowing millions of barrels of oil to move daily amid disruptions to traffic during the Iran war
 "US military facilitates oil shipments through secret Hormuz route: Report")
Prince Harry, Meghan to move back to Britain, royal roles unchanged: Report
The Duke and Duchess, who left the UK in 2020, will relocate from the US to a private residence outside London
 "Prince Harry, Meghan to move back to Britain, royal roles unchanged: Report")
Japan reports record exports, imports for July as energy costs climb
Imports rose 27.8 per cent to a record 12.15 trillion yen, while exports grew 23.2 per cent as strong auto and semiconductor shipments offset some pressure
 "Japan reports record exports, imports for July as energy costs climb")
Trump declares 'Economic D-Day' on Iran, warns those helping Tehran will pay
The US president has threatened severe economic consequences for countries whose banks, businesses, airports or state entities provide financial or commercial lifelines to Iran
 "Trump declares 'Economic D-Day' on Iran, warns those helping Tehran will pay")
Instagram took a 'don't ask, don't tell' approach on kids: Ex-Meta engineer
Former Meta engineering director Arturo Bejar testified that the company prioritised user engagement and profits over child safety and mental wellbeing
 "Instagram took a 'don't ask, don't tell' approach on kids: Ex-Meta engineer")
Trump says US, Canada have trade deal, but key terms remain unclear
The US President said talks with Canada had produced a "very fair deal", but the tariff pause remains subject to finalisation of documents
 "Trump says US, Canada have trade deal, but key terms remain unclear")
US national debt crosses record $40 trn, five months after it hit $39 trn
The milestone comes as defence spending, Social Security, Medicare and interest payments account for a large share of US federal spending
 "US national debt crosses record $40 trn, five months after it hit $39 trn")
Trump warns Iran of 'draconian' sanctions, claims Hormuz blockade holds
US President Donald Trump said Washington could impose further sanctions on Iran, while claiming the Strait of Hormuz remains open and the naval blockade has been 100% effective
 "Trump warns Iran of 'draconian' sanctions, claims Hormuz blockade holds")
US religious freedom body calls for sanctions against RSS, no US honours
USCIRF officials said RSS leaders should not receive high-level meetings or diplomatic courtesies, weeks before Mohan Bhagwat's US visit
 "US religious freedom body calls for sanctions against RSS, no US honours")
US boosts long-term debt buybacks after yields hit highest levels in years
Treasury Secretary Scott Bessent invoked the buyback program last year as part of the department's "big toolkit we can roll out" if needed to address dislocation in the Treasuries market.
 "US boosts long-term debt buybacks after yields hit highest levels in years")
Shares in China's Unitree soars more than five-fold in Shanghai debut
While it is not the first Chinese humanoid robot maker to go public, its debut is expected to set the tone for a slew of domestic rivals preparing to come to market.
 "Shares in China's Unitree soars more than five-fold in Shanghai debut")
Ousted Ukraine Def Min urges wartime election, warning of governance crisis
Ukraine's ousted Defence Minister Mykhailo Fedorov called Tuesday for elections to be held even as the war against Russia continues, saying the country was gripped by a crisis of governance.
 "Ousted Ukraine Def Min urges wartime election, warning of governance crisis")
France to expel 2 Iranian diplomats over alleged assault on French envoys
In a post shared on X, Barrot said the Iranian people were the "primary victims" of the ongoing tensions in West Asia, caught between internal repression and military strikes.
 "France to expel 2 Iranian diplomats over alleged assault on French envoys")
Meta Platforms' trial: Victims' families see pivotal moment for safety
Parents say this trial, in which the attorneys general from four states are seeking billions of dollars in damages for social media harms to children, marks a significant moment.
Ukraine attack sparks fire at refinery in Russia's Ufa; assessment underway
Ufa is home to three oil refineries, Novoil, Ufimsky and Ufaneftekhim, all owned by Rosneft PJSC's Bashneft unit.
 "Ukraine attack sparks fire at refinery in Russia's Ufa; assessment underway")
Moscow fuel stations reimpose purchase limits amid shortages
Ukraine has targeted Russian oil refineries in an effort to undermine Moscow's war effort and reduce energy revenues.
 "Moscow fuel stations reimpose purchase limits amid shortages")