World News
Federal Reserve's 'hawkish hold' muddies path for stocks and bonds
The Fed's decision to hold rates while signalling a hawkish stance has heightened uncertainty, leaving investors to navigate volatile stock and bond markets without clear forward guidance
 "Federal Reserve's 'hawkish hold' muddies path for stocks and bonds")
Fed leaves rates unchanged; three policymakers dissent in favour of a hike
Warsh, who took over as Fed chair in May, has said he has "no tolerance" for inflation that has remained above the central bank's 2 per cent target for more than five years
 "Fed leaves rates unchanged; three policymakers dissent in favour of a hike")
Social dialogue key as AI reshapes labour markets in Asia-Pacific: ILO
ILO specialist says stronger industrial relations and worker participation are essential to ensure AI-driven change improves jobs without widening inequality
 "Social dialogue key as AI reshapes labour markets in Asia-Pacific: ILO")
Iran claims to destroy three US F-35 jets, damage three more in Jordan
Iran claims it destroyed US F-35 fighter jets at Jordan's Al-Azraq Air Base after American strikes on Qeshm Island, as tensions between Tehran and Washington escalate
 "Iran claims to destroy three US F-35 jets, damage three more in Jordan")
US GDP grows less-than-expected at 1.5% despite strong consumer spending
US economic growth slowed to 1.5% in the second quarter as weaker net exports offset robust consumer spending and strong AI-led business investment
 "US GDP grows less-than-expected at 1.5% despite strong consumer spending")
SpaceX tightens supply chain rules, excludes Chinese nationals, components
SpaceX is carrying out detailed supplier audits and asking partners worldwide not to deploy Chinese nationals at factories making products for the company
 "SpaceX tightens supply chain rules, excludes Chinese nationals, components")
Hope dwindles for rescue in Japan as earthquake death toll rises to 23
Nearly 23,000 homes were still without electricity and more than 10,000 people were staying in the roughly 400 shelters, where power sources were being added to provide air conditioning
 "Hope dwindles for rescue in Japan as earthquake death toll rises to 23")
How Warner's streaming gamble sent Christopher Nolan into Universal's arms
Warner Bros' 2021 streaming strategy ended its long partnership with Christopher Nolan. Universal offered a cinema-first approach, leading to the success of Oppenheimer and The Odyssey
 "How Warner's streaming gamble sent Christopher Nolan into Universal's arms")
Jordanian air defences intercept, shoot down 5 missiles launched from Iran
The interceptions come after the US military said it had completed 'a heavy wave of strikes against Iran,' conducted in response to an earlier Iranian missile attack on a US base in Jordan
 "Jordanian air defences intercept, shoot down 5 missiles launched from Iran")
Italian family clashes over Del Vecchio's $46 billion Ray-Ban empire
A governance crisis at EssilorLuxottica deepens as heirs of founder Leonardo Del Vecchio struggle to manage the fortune he built before his death
 "Italian family clashes over Del Vecchio's $46 billion Ray-Ban empire")
EU AI Act: What changes as new transparency rules take effect from August 2
The European Union's AI transparency rules become applicable from August 2, bringing mandatory disclosures for certain AI-generated content and significant penalties for violations
 "EU AI Act: What changes as new transparency rules take effect from August 2")
US Senators warn Apple not to buy chips from blacklisted Chinese firms
Bipartisan lawmakers warn Apple against sourcing memory chips from CXMT and YMTC, citing national security concerns over reliance on Chinese suppliers
 "US Senators warn Apple not to buy chips from blacklisted Chinese firms")
Salman Rushdie stabbing case: US national convicted on charges of terrorism
On August 12, 2022, Hadi Matar attempted to murder Rushdie in an effort to carry out a fatwa calling for his execution because of the novel "Satanic Verses", published in 1988
 "Salman Rushdie stabbing case: US national convicted on charges of terrorism")
Asian stocks choppy after rout, Fed leaves markets uncertain on rates
Asian chipmakers have been the centre of attention this week after a deep selloff in South Korean stocks that wiped more than $2 trillion from the country's equity market rocked markets
 "Asian stocks choppy after rout, Fed leaves markets uncertain on rates")
Wildfires rage across southern Europe; 3 firefighters killed in Greece
France's largest blaze- four times the size of Paris- threatens to spread as temperatures near 40 degrees Celsius, while heat, drought and strong winds fuel fires across the region
 "Wildfires rage across southern Europe; 3 firefighters killed in Greece")
Trump wants Iran tariffs added to Russia sanctions bill, risking delay
US President urges lawmakers to expand the Russia sanctions legislation to include broad tariff powers against Iran as the measure heads to the House
 "Trump wants Iran tariffs added to Russia sanctions bill, risking delay")
Samsung posts record Q2 profit as chip giants benefit from global AI boom
Operating profit jumps more than 19-fold to a record 89.5 trillion won ($62 billion), driven by strong demand for AI memory chips, even as investor concerns weigh on shares
 "Samsung posts record Q2 profit as chip giants benefit from global AI boom")
US strikes Iranian targets day after Tehran attacks American base in Jordan
Donald Trump once again vowed to hit Iran "very hard" as retaliatory strikes widen the conflict; attacks also reported near the Strait of Hormuz and Egypt's Damietta port
 "US strikes Iranian targets day after Tehran attacks American base in Jordan")
From US to China: How countries punish exam cheating and paper leaks
As Parliament debates tougher penalties for paper leaks, here's how countries from China and South Korea to the US, UK and Singapore punish exam fraud and organised cheating
 "From US to China: How countries punish exam cheating and paper leaks")
Iran fires missiles at US forces after Iraq strikes kill militia fighters
The flare-up on multiple fronts, after several days of relative calm, raised the risk of a return to all-out war. It also underscored the difficulty of winding down a five-month conflict
 "Iran fires missiles at US forces after Iraq strikes kill militia fighters")