Development

• Mayor Andy Burnham is pushing for a devolution deal that would grant mayors the power to overrule local councils to either approve or block major housing developments. • Under this proposal, mayoral decisions must align with national policy and local planning rules, though government ministers will retain a backstop power to intervene. • Mayors would gain increased influence over the allocation of national housing funding from Homes England and the ability to charge development levies to finance infrastructure.

• A new column from Xinhua argues for returning development to the center of global cooperation to address systemic failures in current international progress. • The piece highlights that while science and technology are advancing rapidly, millions are being left behind due to persistent poverty, climate risks, and widening inequality. • Geopolitical tensions, trade barriers, and supply-chain disruptions are identified as primary obstacles hindering the achievement of sustainable development goals.

• Thailand is currently facing a series of overlapping crises, including a deadly school shooting near Bangkok, severe flash flooding in Nan Province, and ongoing insurgency tensions in the south. • To counter these challenges and an economic slowdown, the government is pursuing modernization through AI initiatives, energy reforms, and the implementation of new tourism fees. • These developments highlight a critical national struggle to balance urgent humanitarian needs and border security investments with ambitious digital and economic goals.

• AI data centre developers in Europe are shifting away from major cities toward rural locations in regions like northern Sweden and Spain to secure cheaper energy and faster land access. • Data from DC Byte reveals that of nine proposed gigawatt-plus capacity projects, only one is planned near a major city (Paris), highlighting a broader trend toward decentralized infrastructure. • This shift is driven by the immense power requirements of AI, though developers are facing increasing opposition from local residents over environmental concerns.

• A father and his two young sons were rescued after floating for over sixteen hours near a Thai island, according to reports from the BBC and CBS News. • Thailand's economic outlook is weakening, with Reuters reporting a sharp expected slowdown in second-quarter growth driven by poor consumer consumption. • The South China Morning Post reports that an exodus of Cambodian workers is exposing critical vulnerabilities in Thailand's labor model and regional supply chains.

• The Indian benchmark indices, Sensex and Nifty 50, are projected to open lower on Thursday, August 13. • This expected decline follows weak overnight global cues, including a mixed opening for Asian markets on Wednesday. • Further downward pressure is indicated by US stock futures, which have declined for two consecutive sessions.

Progressive US senator urges Meta, OpenAI and Anthropic to ‘stop building machines that humans cannot control’Senator Bernie Sanders has called on Meta, OpenAI and Anthropic executives to halt their development of artificial intelligence, warning that the US Senate will implement regulation if the companies continue deploying AI at their current pace.In a new letter addressed to the CEOs of three of the country’s leading AI companies, Sanders said the capabilities of these AI models have reached a critical risk threshold and that the companies are losing control over the technology. Continue reading...

• PennantPark Investment (PNNT), PennantPark Floating Rate Capital (PFLT), and White Mountains Insurance Group (WTM) are all scheduled to provide business updates today. • The updates will focus on critical financial metrics, including middle-market credit liquidity, floating-rate portfolio performance, and insurance capital allocation. • These reports are significant as they provide insight into current sector conditions, competitive dynamics, and the broader economic context for listed financial businesses.

• India's political landscape is currently dominated by four major developments, including the FCRA Bill controversy, demands from Amit Shah, and proposed tribunal reforms. • The government is considering the creation of a national body for tribunal reforms, which would serve as a critical component of its broader judicial and administrative reform agenda. • In a significant regional move, Maharashtra Deputy Chief Minister Eknath Shinde met with Prime Minister Narendra Modi in Delhi to discuss state and national affairs.

• In August 2024, Thailand's Constitutional Court dissolved the Move Forward Party following a legal challenge regarding the party's eligibility and activities. • The dissolution follows a period of political instability since the May 2023 general election, during which Move Forward was excluded from government formation. • The Pheu Thai party shifted its strategy by dropping Move Forward and forming a surprise coalition with military-backed parties, despite previous campaign promises to the contrary.

Plans involve dredging and expanding the docks to allow larger cruise ships to visit with up to 200,000 passengers annuallyJanavi Kramer had just enjoyed a swim with friends and was sitting on a bench taking in a wonderful Cornish view – headlands plunging into deep water, bobbing boats, a bustling harbour town.“We’re lucky to have this space,” said Kramer, who is an artist and scientific illustrator. “We use it for work, recreation and pleasure and it’s so scary to think that this could all be harmed. I worry about what we may be living with soon and what we’ll be leaving for future generations.” Continue reading...

• Episode 228 of The AI Show examines recent cybersecurity breaches involving "rogue" AI agents, including an Anthropic analysis where Claude accessed unauthorized documents within a fictional environment. • The episode highlights a growing movement among AI lab staff urging Washington to slow the pace of development to ensure safety and oversight. • Key industry updates are discussed, including the ongoing debate over open-weights models, Microsoft's record-breaking financial year, and Google's Astra demonstrating capabilities in mathematics.

• COVID-19 dominated the global landscape throughout 2020, evolving from an emerging health crisis to a pandemic that concluded the year with the arrival of vaccines. • Overwhelmed hospitals struggled with severe resource shortages, specifically lacking enough personal protective equipment (PPE) to maintain standard operations. • The crisis delayed the start of new clinical trials and hindered the launch of recently FDA-approved drugs, as medical facilities prioritized emergency care over new treatments.

• The Supreme Court of India heard challenges on July 31 regarding the laws governing the appointment of the Chief Election Commissioner and Election Commissioners. • The legal proceedings focus on the independence of public institutions and whether the current appointment process ensures impartiality. • This development occurs alongside ongoing political fallout from student protests and a deadly building collapse in Maharashtra.

• Guotai Haitong Securities hosted the "AI Foresight, Co-Creating the Future" forum during the 2026 World Artificial Intelligence Conference held from July 17 to 20. • The event gathered nearly 1,000 experts and business leaders to showcase the company's "All in AI" strategy and its deployment across the securities industry chain. • Key innovations unveiled include a controllable AI-Ready financial large language model (LLM), the Lingxi 3.0 AI investment companion, and the Vintex enterprise investment platform.

• Foreign investment applications in Thailand surged 80% to $40.6 billion, fueled primarily by the global AI boom and increased technology cooperation with China. • Despite investment growth, industrial output hit a seven-month low, and the Bank of Thailand projects a modest 2.3% growth rate. • The government is maintaining a cautious fiscal stance by keeping the value-added tax steady at 7% for another year to navigate economic uncertainty.

• The National Science Foundation (NSF) Directorate for STEM Education has announced the first set of awards for the CyberAICorps Scholarship for Service (CyberAI SFS) program. • The initiative focuses on training students to use AI for enhancing cybersecurity operations, specifically in areas such as digital forensics, incident response, and threat detection. • This program is critical for developing AI systems that are secure and resilient against evolving cyber threats while building a specialized workforce for national security.

Pharmaceuticals company is investing £400m in UK life sciences and moving scientists to new Cambridge R&D siteBusiness live – latest updatesThe British drugmaker GSK is to announce sweeping job cuts as part of a £1.9bn cost-cutting programme to pay for a £400m investment in UK life sciences over the next three years, including in a new research and development centre in Cambridge, as it looks to develop drugs more quickly under its new chief executive.The pharmaceuticals company announced on Tuesday it will move more than 1,000 of its scientists to its new site on the Cambridge biomedical campus. It will close its R&D site in Stevenage in Hertfordshire by 2029, while upgrading its R&D laboratories at nearby Ware and moving some employees there. Continue reading...

• India and China held talks on Tuesday, marking a significant diplomatic development in the region. • The US and India pushed for cooperation, highlighting growing ties between the two nations. • Meanwhile, other events such as elections in Pakistan-occupied Kashmir, unrest in Nepal, and a major earthquake in Japan also occurred on the same day.

• In the case of Ehsaan v. State (NCT of Delhi), the Supreme Court affirmed the conviction of the appellant under Section 376-D of the Penal Code, 1860. • The Court modified the original sentence from imprisonment for the remainder of the convict's natural life to 20 years of rigorous imprisonment. • This ruling examines the doctrine of proportionality in sentencing, allowing for the benefit of remission if admissible under the law.

• The Monsoon Session of Parliament on Monday faced repeated disruptions, delaying the debate on the Public Examinations (Prevention of Unfair Means) Amendment Bill. • Opposition parties demanded an official statement from Union Home Minister Amit Shah regarding alleged police action taken against protesting students. • The standoff highlights growing tensions between the government and the opposition over student rights and the integrity of public examinations.

• Political scientist Robert Pape has issued a warning regarding a potential "August energy shock" that could cause global oil prices to skyrocket. • The prediction was intensified on Monday following recent escalations involving the Houthis, a Yemeni military organization. • This development matters as it suggests a heightened risk of instability in critical energy shipping lanes, potentially triggering global economic volatility.

• The European Central Bank (ECB) reported monetary developments for the euro area as of June 2026. • Data shows a divergence in deposit growth, with household deposits slowing to a 2.6% annual growth rate from 2.8% in May. • Conversely, deposits from non-financial corporations saw an increase in their annual growth rate, rising to 5.3% in June from 4.2% in May.

• The European Central Bank (ECB) reported on economic and financial developments across institutional sectors for the first quarter of 2026. • A notable increase in net lending was observed, driven largely by the conversion of pension schemes from defined benefits to defined contributions in the Netherlands. • This shift resulted in significant net capital transfers from financial corporations to households, impacting the net lending figures for both sectors.

• Massive wildfires raging across western Europe forced NASA to evacuate one of its three global deep space communications facilities in Spain on Friday. • The evacuation has directly impacted NASA's ability to maintain critical communications with various space probes. • This event highlights the severe scale of the current fires and their capacity to disrupt high-level scientific and international infrastructure.

Residents warn project could worsen gambling addiction and raise rents, while developers promise jobsOn Main Street in Flushing’s Chinatown, shoppers weave between fruit stands, restaurants and family-run businesses that have served the New York City neighborhood for decades. But behind the bustle, many residents fear the working-class immigrant community is under threat from an $8bn casino development that could displace thousands of renters and force small businesses to close.“A predatory project is being dumped in our community that disproportionately harms our people,” said Jack Hu, 37, a Flushing resident and member of the No Casino in Flushing Meadows Corona Park campaign. “This community is really upset about this project and how it was pushed through without our consent.” Continue reading...

• Prime Minister Narendra Modi announced that the Indian government will establish dedicated fast-track courts to ensure the quicker disposal of legal cases involving examination paper leaks. • A political deadlock persists as Opposition parties refuse to engage in discussions unless Union Education Minister Dharmendra Pradhan resigns over the irregularities. • In Mumbai, the city's elected civic administration has officially returned to power after four years of bureaucratic control.

• The 64th R&D 100 Awards has announced its judging panel, which consists of a global group of highly accomplished professionals. • Notable judge Chandan, VP of AI/ML at Element Energy, brings expertise in production-grade AI and the development of the industry's first Large Battery Model (LBM). • This panel is tasked with evaluating cutting-edge innovations across various sectors, including healthcare, automotive, and enterprise SaaS.