Collapse

• A Saudi-led coalition shot down a Houthi drone near Mecca on Tuesday amid ongoing regional instability. • The United States embassy issued a travel advisory urging citizens to reconsider traveling to Saudi Arabia following alerts in Mecca and other areas. • UN Secretary-General Antonio Guterres called for urgent de-escalation to protect civilians and restore freedom of navigation in the Red Sea and the Strait of Hormuz.

• A building collapse in Gaza killed at least 21 people, including 12 children, amid widening Middle East conflicts. • The tragedy occurred alongside diplomatic stalemates in Cairo and delayed security talks in Oman. • Infrastructure strikes near the Strait of Hormuz and regional instability are disrupting diplomacy across Egypt, Iran, and the Persian Gulf.

• The Eurozone recorded a trade surplus of €5.0 billion in July, exceeding market forecasts. • June's trade balance was revised downward to €1.0 billion from the previously reported €1.8 billion. • The year-to-date surplus has collapsed because the cost of imports continues to grow faster than the value of exports.

Rescue workers say search for dozens of people hampered by lack of heavy machineryA building housing about 100 displaced Palestinian families has collapsed in Gaza City, killing at least 20 people, as rescuers search the rubble for dozens of people believed to be trapped, including children.A rescue team from Gaza’s civil defence said they had recovered the bodies of five children among the victims, while 25 injured people were taken to hospital. Medical sources said rescuers could hear the voices of people trapped beneath the rubble as they tried to reach them. Continue reading...

• Ceuta President Juan Jesús Vivas recently urged the European Union to take firm action against Morocco to prevent the Spanish exclave from collapsing. • Vivas accused the Moroccan government of pursuing a "harassment policy" designed to suffocate the city. • This tension creates a diplomatic conflict because the Spanish government and the EU still view Morocco as a trusted partner for managing irregular migration.

Green leader says ministers must stop ‘hiding the truth’ about threat to UK security from climate and nature crisisZack Polanski will challenge Andy Burnham’s government to publish an unredacted version of an explosive report by the UK’s spy chiefs that found the collapse of overseas ecosystems would have catastrophic consequences for the UK’s national security.The Green party leader in England will demand that the prime minister come clean about the scale and impact of the climate and nature crisis and call on the government to publish in full the report that warns the UK faces devastating security consequences. Continue reading...

• The Bathla Group building company collapsed, highlighting systemic issues within the private credit market. • Oil prices rose following increased geopolitical tensions in the Middle East. • These events create volatility for investors and lenders exposed to private credit and energy markets.