Action

London mayor points to ‘terrifying scenes’ this summer amid speculation Burnham may back Jackdaw and Rosebank projectsSadiq Khan: This burning summer is the proof: the voices of climate denial aren’t just delusional, they’re deadlySadiq Khan has called on the government to commit to revamped climate action and to reduce the UK’s reliance on oil and gas, as the UK endures a summer of drought, wildfires and heatwaves.Writing in the Guardian, the mayor of London said that Andy Burnham’s administration must reaffirm its commitment to net zero and make clear it will continue to reduce the UK’s reliance on oil and gas “to get Britain back on track.” Continue reading...

• European stocks experienced a mixed trading session, closing lower overall as declines in Italy outweighed gains seen in the healthcare sector. • Market volatility was driven by ongoing geopolitical risks, though specific sectors provided a partial buffer against broader losses. • A top investor in Volkswagen has urged the automaker to take decisive action, adding corporate pressure to the regional market sentiment.

• Parliament's Monsoon Session faced a deadlock on its 14th day as Opposition members demanded accountability from the government. • The Opposition is calling for a formal statement from Union Home Minister Amit Shah regarding police action and the use of pellet guns against student protesters. • Tensions escalated further with demands for an immediate discussion concerning alleged theft related to Ram Mandir donations.

• Indian stock markets are showing resilience and bullish momentum, with analysts noting that Nifty remaining above 24,600 is a key indicator for continued growth. • Market stability is currently being driven by easing crude oil prices and a stable policy outlook from the Reserve Bank of India (RBI). • Broader market strength is further supported by improving corporate earnings expectations and strategic stock-specific buying.

• Researchers led by Michael Heseltine at the University of Amsterdam investigated how political developments influence the news consumption habits of Democrats and Republicans. • The study found that individuals actively alter the volume and type of news they read based on whether the day's headlines are favorable or unfavorable to their preferred party. • This behavior suggests a psychological tendency to avoid negative political coverage, indicating that news browsing is often driven by emotional reactions to immediate events.

• Indian equities closed marginally higher following a volatile session marked by confusion during the closing auction. • The Reserve Bank of India (RBI) maintained current interest rates while raising the FY27 GDP outlook and lowering inflation forecasts. • Sectoral performance was led by gains in realty, auto, and metal stocks, though overall market movement remained unstable.

Thames Valley chief says he may join Police Federation in court if Jessie Cole and Albert Bowers are freed from prisonThe chief constable of Thames Valley police has said he will consider joining legal action against the government if it fails to block the early release of two of PC Andrew Harper’s killers.The Police Federation is contemplating going to court in its attempts to keep Jessie Cole and Albert Bowers in prison. Continue reading...

Burnham said his wife, Marie-France van Heel, took some persuading after he ran and lost in contests in 2010 and 2015Andy Burnham has revealed his wife’s dismayed reaction when he told her he wanted to make another attempt at becoming Labour leader.Burnham said that his wife, Marie-France van Heel, had been surprised by his decision to run, having lost contests in 2010 and 2015 to Ed Miliband and Jeremy Corbyn respectively. Continue reading...

• With the FIFA World Cup, Commonwealth Games, and Indian cricket currently on hiatus, fans are encouraged to seek alternative live sporting events. • A major tennis tournament is currently underway, featuring top-ranked global players as a critical preparation phase for the upcoming US Open. • These events provide essential continuity for sports enthusiasts during the off-season of more mainstream global tournaments.

• Alibaba has released Qwen3.8-Max, a model claiming frontier-scale capabilities and open weights, sparking debate over its true accessibility. • Developers and critics argue the model may be "an API business model wearing an open source jacket," questioning the validity of its benchmarks and 16-day agent run. • The controversy centers on whether the model's performance and context window are genuinely open or designed to drive users toward Alibaba's paid API services.

• Indian stock markets closed lower on Tuesday due to volatility from the new Closing Auction Session and forced retail square-offs during weekly expiry. • Investors are closely monitoring the Reserve Bank of India (RBI) policy decisions and geopolitical developments in the Strait of Hormuz. • Market analysts are focusing on key technical support levels and the performance of major stocks including SBI, HDFC Bank, and Infosys.

• Central European governments are implementing emergency measures as the Danube River reaches record-low water levels. • The crisis is driven by soaring temperatures and a persistent heatwave currently affecting the European continent. • These low water levels threaten critical shipping lanes and regional logistics, potentially disrupting trade and transport.

Exclusive: Environment Agency is considering whether to prosecute Huntsman Polyurethanes over emissions of carcinogenic benzeneA plastic manufacturer in the north of England is facing potential legal action over emissions of benzene, a carcinogenic chemical with no safe level, the Guardian can reveal.The Environment Agency (EA) is considering taking legal action against Huntsman Polyurethanes in Teesside for a potential breach of licence, which is a criminal offence. Continue reading...

• Indonesian President Prabowo Subianto is facing growing criticism and public dissatisfaction due to his "populist" communication style and controversial public comments. • During a recent political event in Jakarta, the President drew attention by joking about his prepared speech, signaling a preference for informal rhetoric over formal governance. • This leadership style coincides with rising tensions, as families of individuals arrested during recent protests express frustration with his administration.

• Indian equities experienced a sharp rally, with the Sensex gaining 544 points and the Nifty surging 1.6%, adding nearly Rs 5 lakh crore in market value. • The surge was driven by easing crude oil prices following renewed US-Iran talks, alongside a stronger rupee and positive Q1 earnings reports. • Market optimism was further bolstered by significant Foreign Institutional Investor (FII) inflows, signaling strong international confidence in Indian assets.

• Indian domestic markets have extended their winning streak for a third consecutive session, with the Nifty advancing nearly 2% last week. • This growth was primarily driven by strong quarterly earnings reports, leading analysts to predict a continued positive bias for equities this week. • Market participants are now shifting their focus toward the Reserve Bank of India's (RBI) upcoming monetary policy decision.

• Indian stock markets are expected to see stock-specific movements as earnings seasons continue, influenced by geopolitical developments, crude oil prices, and foreign fund flows. • Market volatility remains a factor, with the India VIX closing the week at 12.15% and the Put-Call Ratio Open Interest (PCR OI) standing at 1.14. • The Nifty faces a crucial resistance zone between 24,550 and 24,600, which aligns with previous swing highs.

• The Indian stock market recovered from early losses to rally approximately 3% over the past week despite ongoing global volatility. • Market movement for the coming Monday will be driven by key factors including corporate earnings, fluctuating oil prices, and domestic economic cues. • A primary focus for investors is the upcoming outcome of the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting.

• Japan has confirmed a joint currency intervention with the United States to stabilize the yen. • U.S. Treasury Secretary Scott Bessent stated that Washington will not hesitate to participate in further joint interventions if necessary. • This coordinated action aims to curb excessive volatility in the foreign exchange market and prevent the yen from weakening further.

• Major League Baseball teams conducted several roster moves on Saturday, including trades and player transitions between the majors and minors. • The Baltimore Orioles traded pitcher Dean Kremer to the Minnesota Twins in exchange for outfielder Jhomnardo Reyes and recalled RHP Yaramil Hiraldo from Norfolk. • The Oakland Athletics selected LHP Ben Bowden's contract from Las Vegas while optioning RHP Luis Morales back to the PCL.

• Tokyo is expected to announce a joint action with the United States to support the Japanese yen, marking the first such coordinated effort since 2011. • The move follows comments from US Treasury Secretary Bessent on July 30, who stated that the yen appears to be "very undervalued." • This intervention aims to stabilize the currency market and counteract the significant depreciation of the yen against the US dollar.

Authorities in Delaware tackle cluster with vaccination and contract tracing – but field has been weakened by cutsMeasles outbreaks are igniting throughout the United States as the nation passes the highest case count in 30 years – putting greater pressure on state and local health departments and highlighting the importance of early identification and quick action.The US has officially surpassed last year’s tally of measles cases, reaching 2,371 confirmed infections by the end of July. Those numbers have been driven by clusters in Arizona, South Carolina, and Utah – but in times of high transmission, outbreaks elsewhere become more likely. And with decreasing vaccination rates across the country, these sparks are falling on increasingly dry timber. Continue reading...

• Spanish Prime Minister Pedro Sánchez denounced the European Union's reaction to a surge of immigrants entering the enclave of Ceuta. • The conflict follows a statement signed by 22 EU leaders, including Giorgia Meloni of Italy and Friedrich Merz of Germany, who warned against "uncontrolled mass crossings" and the "instrumentalization of migration." • Tensions have escalated as some EU officials threatened to impose border checks or suspend Spain's participation in the Schengen free-travel zone to prevent illegal entry.

• A migrant crisis in Ceuta has triggered intense political conflict and strong reactions from various European Union countries and leaders. • The situation has led to polarized responses, with some critics labeling the event a failure of EU migration policies while others describe it as a series of "instrumental attacks." • Tensions have escalated to the point where some parties are calling for Spain to be suspended from the Schengen zone.

• Market analysts have identified Balkrishna Industries, Gokaldas Exports, and Graphite India as key stocks likely to experience significant price action this week. • The projections are based on technical chart analysis to determine potential entry and exit points for traders. • These movements matter as they signal short-term volatility and potential growth opportunities for investors tracking these specific industrial and export sectors.

• Spanish Prime Minister Pedro Sánchez criticized EU allies for their "selfish" reaction to the migration crisis in Ceuta, accusing them of spreading prejudice and misinformation. • Sánchez argued that border security is a "shared responsibility," noting that Spain and Morocco have worked together to prevent unauthorized movement into mainland Europe with minimal support from other member states. • The tension escalates as Italy has temporarily reinstated border checks on arrivals from Spain, while officials in Finland and Denmark have suggested suspending Spain from the Schengen area.

• Major League Baseball teams conducted several roster moves on Friday, including significant changes for the Oakland Athletics and Baltimore Orioles. • The Athletics designated RHP Chen Zhong-Ao Zhuang for assignment, selected SS Jonathan Ornelas' contract from Las Vegas, and optioned LHP Connor Thomas and RF Colby Thomas to the minors. • The Baltimore Orioles designated catcher Chadwick Tromp for assignment as part of their roster adjustments.

Hancock Prospecting says chair Kim Williams among those ‘on notice’ for failing to remove program that joked about turning Rinehart’s insides into a sausage rollGet our breaking news email, free app or daily news podcastGina Rinehart has threatened the ABC with legal action over crude comments aired on the national broadcaster, including a joke about mixing her guts into a sausage roll.The four-minute film, titled A Very Relaxing Video, aired on the Race Around the World program on 12 July and concluded with the film-maker, Kate McGuinness, making crude and offensive comments about Rinehart. Continue reading...