The Iranian rial hit a record low after European states took action against the Islamic Republic for failing to meet its nuclear commitments. The currency fell to 1,040,000 per US dollar in the unregulated market.
Ukraine has no specific confirmations regarding countries that are ready to send a contingent. However, there is a theoretical understanding regarding several countries that are considering such a step.
Andriy Yermak, Head of the Office of the President, will meet with Steve Witkoff, special envoy of President Donald Trump, in the USA on August 29. The meeting will concern agreements reached between Presidents Zelenskyy and Trump.
Pop Mart CEO Wang Ning, creator of the Labubu toy, ranked 86th in the Bloomberg Billionaires Index. His fortune has grown more than threefold, reaching 27.5 billion US dollars.
American passengers may not remove their shoes during airport security checks. Authorities are also discussing easing restrictions on carrying liquids and removing laptops.
Peter Navarro of the White House criticized India for importing Russian oil, calling the war against Ukraine "Modi's war. " He urged the Indian prime minister to change course, as New Delhi is financing the Kremlin's "war machine."
The French bank BPCE SA has for the first time issued special bonds to finance the defense industry. Investor demand for these papers exceeded 2.7 billion euros, indicating significant changes in the EU's investment approach.
The Mexican government plans to raise tariffs on Chinese imports to protect national businesses and comply with US President Donald Trump's demand. This will affect imports of cars, textiles, and plastics, and may also impact other Asian countries.
The biggest effect of the strikes on the Druzhba oil refinery is the cessation or reduction of millions of tons of oil exports through the Baltic pipeline system. Hungary's and Slovakia's statements that Ukraine will suffer are unfounded.
Warren Buffett's Berkshire Hathaway increased its stakes in Mitsubishi Corp. and Mitsui & Co. This demonstrates confidence in the stability of these conglomerates and stimulates growth in their shares.
The European car market showed its largest growth in 15 months, increasing sales by 5. 9% in July. The growth is driven by demand for hybrid and electric vehicles, while Tesla is losing market share.
PRC Chairman Xi Jinping has launched a large-scale purge among generals, dismissing or arresting 14 of the 79 officers he appointed. This comes after his re-election in 2022 and is aimed at fighting corruption and consolidating power.
Ukraine has intensified attacks on Russian oil infrastructure, hitting key facilities. This has led to a reduction in Russian oil exports to key partners and a fuel shortage in the Russian Federation.
The European Union is considering secondary sanctions to prevent third countries from helping Russia circumvent existing measures. The 19th sanctions package, focused on abductors of Ukrainian children, and an anti-circumvention tool are being discussed.
Special Envoy of US President Donald Trump, Steve Witkoff, will meet with the Ukrainian delegation in the US. Possible security guarantees for Ukraine and a future meeting between Zelenskyy and Putin will be discussed.
Russia is recruiting youth from Africa, Asia, and Latin America to produce attack drones in the Alabuga special economic zone. They are promised high salaries but are forced to assemble drones used for strikes against Ukraine.
Russian oil supplies decreased by 320,000 barrels per day in the week to August 24 due to infrastructure damage and the doubling of US tariffs on Indian goods. Export volumes to India have fallen by more than 500,000 barrels per day in the last two months.
Donald Trump imposed high tariffs on Indian goods due to the country's purchase of Russian oil and weapons. India plans to lower taxes to mitigate the economic impact.
A new mansion in Hong Kong was sold for HK$1. 09 billion, making it the most expensive deal of the year. It is located in The Peak area, has over a thousand square meters and five bedrooms.
Apple will hold an event on September 9, where it will present new iPhones, including the thinnest model, and improved Apple Watch. The company is also working on a foldable smartphone, the design of which is currently unknown.
Turkish President Recep Tayyip Erdoğan will attend the groundbreaking ceremony for a new defense complex by Aselsan near Ankara. The "Steel Dome" project will strengthen the country's missile defense and create thousands of jobs.
Estonia blames Russian jamming for a drone explosion on its territory. It was likely a Ukrainian drone that deviated from its course due to Russian electronic interference in the Baltic region.
Indian refineries plan to reduce purchases of Russian oil to 1. 4-1.6 million barrels per day. This comes amid US pressure and the upcoming doubling of American tariffs on Indian imports.
American giant Keurig Dr Pepper will acquire Dutch company JDE Peet's, known for the Jacobs coffee brand, for $18 billion. This acquisition aims to create a global coffee giant that will compete with market leader Nestlé.
Gas prices in Europe fell to 33. 13 euros per megawatt-hour after rising last week. The decline was influenced by peace talks in Ukraine and the replenishment of fuel reserves.
Shares of Chinese developers, including China Vanke, rose by 3% due to expectations of additional measures to support the real estate market. Shanghai has already eased restrictions on home purchases, and new measures may be taken in September.
Turkey is considering the possibility of sending its military to Ukraine as a stabilizing factor and a guarantee against the repetition of Russian aggression. Ukraine's Ambassador to Turkey, Nariman Celal, confirmed Turkey's readiness to participate in demining the Black Sea and host negotiating delegations.
NATO's easternmost countries are experiencing a sharp increase in radio and satellite jamming, affecting air and sea communications. Lithuania accused Russia of a 22-fold increase in GPS jamming.
North Korea accused South Korea of "dangerous provocation" after warning shots were fired at the border. The incident occurred during the construction of a barrier and annual joint military exercises between the US and South Korea.
European natural gas prices are rising as optimism for an end to Russia's war against Ukraine wanes. This is happening amid the difficulty of reaching a peace agreement and preparations for the upcoming heating season.
