WORLD
Rich Londoners find money can’t buy ACs as temperatures soar
With temperatures in some parts of the London Underground recently exceeding levels deemed fit for cattle, climate change is well and truly transforming the experience of living in Britain’s capital.
WORLD
Europe’s wildfires have burned the most land in nearly 20 years
Blazes have scorched about 8,948 square kilometers (3,455 square miles) across the European Union in 2025 — more land than in any year since 2006, according to new satellite estimates from the Copernicus space program
BUSINESS
Xiaomi’s revenue rises 31% after second EV fires up consumers
Revenue climbed to 116 billion yuan ($16.2 billion), versus the average analyst estimate of about 115 billion yuan
WORLD
UK scraps demand for Apple ‘backdoor’ after pressure from US
US Director of National Intelligence Tulsi Gabbard said on Monday that British authorities had rescinded an order asking the company to circumvent encryption to help them pursue certain national security and criminal investigations
WORLD
Pentagon eyes $3.5 billion restock costs from Israel operations
Almost every paragraph outlining US-specific items to be bankrolled is tagged as an ‘emergency budget request.’
WORLD
Vietnam kicks off ambitious new projects to spur economic growth
The Southeast Asian nation has been stepping up a drive to achieve its GDP growth target of at least 8% this year despite global uncertainties
BUSINESS
China, India seek better ties as US tariffs add uncertainty
“Having seen a difficult period in our relationship” both nations “now seek to move ahead,” Jaishankar said in New Delhi on Monday. “Differences must not become disputes, nor competition conflict.”
BUSINESS
Trump tariffs seen fostering new China-Global South trade order
China’s goods exports over the past decade have doubled to nations mostly across Southeast Asia, Latin America and the Middle East, compared with growth of 28% to the US and 58% to Western Europe, S&P Global said in a report
BUSINESS
SoftBank to invest $2 billion in Intel as part of US push
Intel shares jumped about 5% in late trading after the announcement. They had closed at $23.66 in New York after a year-to-date gain of 18%.
BUSINESS
Asian stocks look subdued ahead of Jackson Hole
Investors face a pivotal week as the Federal Reserve’s annual Economic Policy Symposium kicks off Thursday in Jackson Hole, Wyoming, potentially offering signals on the path of interest rates.
WORLD
Trump administration in talks to take a 10% stake in Intel
At Intel’s current market value, a 10% stake in the chipmaker would be worth roughly $10.5 billion.
BUSINESS
Treasuries extend losses ahead of key Jackson Hole Powell speech
The benchmark 10-year yield rose two basis points to 4.34%, extending a move that began on Thursday when wholesale inflation jumped the most in three years
BUSINESS
Xiaomi’s $120 billion gain faces scrutiny on smartphone slowdown
Concerns are growing over the Chinese technology company’s core smartphone operation, which is expected to post a major slowdown in growth and narrower margins in quarterly results due later Tuesday
WORLD
US deploys 4,000 troops to Latin America in anti-cartel push
The ready group and expeditionary unit function jointly as a crisis response force and thus can move among combatant commands as needed.
WORLD
Donald Trump floats order to end mail-in ballots, voting machines
The president has long made unsubstantiated allegations that his 2020 election loss to former President Joe Biden was tainted by fraud
BUSINESS
Soho House members’ club nears deal to go private, WSJ says
The deal would value Soho House at around $1.8 billion, with investors paying around $9 a share for its public stock
BUSINESS
Goldman Sachs opens new Mumbai office with bigger footprint
The office premises are about 50% larger than its previous location in the city, according to a statement on Monday.
WORLD
China’s rare-earth product exports hit six-month high
Volumes shipped overseas rose 69% to 6,422 tons in July for the highest tally since January this year, according to Bloomberg News calculations
WORLD
Uneasy US allies set to plead with Trump to stand behind Ukraine
Trump will host Zelenskiy and several European leaders to set out terms for a potential peace deal he discussed with Putin at last Friday’s meeting in Alaska.
BUSINESS
Stocks mixed, oil drops ahead of Ukraine talks
Shares in Japan and Australia rose while futures for the US and European stocks edged up 0.2%.
INDIA
Thawing India-China ties drive hunt for potential stock winners
Decades of frosty relations between the world’s two most-populous nations are thawing as both countries consider themselves unfair targets of President Donald Trump’s “America First” trade wars.
BUSINESS
Why China’s $11 trillion stock market is a headache for both Xi and Trump
Even after a recent rally, Chinese indexes have only just returned to levels seen in the aftermath of a dramatic bubble burst a decade ago
WORLD
US central bankers flock to Jackson Hole at pivotal moment
Powell may also drop some hints about the Fed’s thinking ahead of its September policy meeting
BUSINESS
Airbus is about to eclipse a record that Boeing held for decades
It’s taken the better part of four decades, but Airbus has finally caught up: The A320 series is poised to overtake its US competitor as the most-delivered commercial airliner in history, according to aviation consultancy Cirium.
