Signs

• Economics professor and financial crisis expert Tuomas Malinen has warned that the United States is currently on the verge of a recession. • Malinen highlights a critical indicator where private sector yields have risen above the bank prime rate, a trend that historically precedes economic downturns. • This specific pattern was previously observed prior to the 2008 financial crisis and again following the COVID-19 pandemic.

• Toumas Malinen, a professor specializing in financial crises, warns that the US economy is currently dangerously close to entering a recession. • In contrast, economists at the Atlanta Fed provide a more optimistic outlook, estimating that GDP will expand by 4% over the third quarter. • The discrepancy between these views highlights ongoing uncertainty regarding whether the US is tipping into a technical recession or maintaining growth.

Yolŋu independent Yiŋiya Guyula accused the CLP of ‘contributing to the breakdown of our culture and people, in what is becoming a slow genocide’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA First Nations MP from the Northern Territory has resigned from parliament, accusing the ruling Country Liberal party of introducing laws that are “dehumanising, oppressing and destroying our communities and our people”, and contributing to a breakdown of culture that he says is “becoming a slow genocide”.Yiŋiya Guyula, a Yolŋu man from the Djambarrpuyŋu clan in east Arnhem Land, was elected as the independent member for Nhulunbuy, now known as Mulka, in 2016. Continue reading...

Industrial output and retail sales slump in July after one of the country’s weakest quarterly growth rates everChina’s economy is showing signs of extending a slowdown with a slump in industrial output and retail sales in July, adding to pressure on Beijing to intervene with measures to support activity.After the world’s second largest economy posted one of its lowest quarterly growth readings on record in the three months to June, the latest figures suggest it continued to falter in July. Continue reading...

• Veteran market strategist Jim Paulsen warns that the S&P 500's rapid pace of earnings growth may be nearing an end. • Paulsen identifies five specific signals suggesting a slowdown, noting that cyclical stock performance historically serves as a leading indicator for profit trends. • This warning matters as investors rely on earnings growth to justify current market valuations and sustain the ongoing rally.

• Indian benchmark indices extended their losses on Wednesday, with the Sensex dropping 615.12 points (0.79%) to 77,539.13 and the Nifty falling 196.85 points (0.80%) to 24,274.85. • The market downturn was significantly driven by pressure on Tata Group stocks following the resignation of N. Chandrasekaran. • This decline reflects investor anxiety over leadership changes at one of India's largest conglomerates and broader market volatility.

Order also recommends all shots be given at separate medical visits though cost of doing them together is lowerDonald Trump has signed an executive order with plans for sweeping changes to the childhood vaccination schedule that attempts to override the authority of the US Centers for Disease Control and Prevention (CDC).It’s an attempt to undergird the changes made earlier this year to CDC vaccination recommendations, which were halted by a federal judge. The CDC is the federal agency tasked with recommending vaccines, not the White House. Continue reading...

• Arsenal FC has reportedly attempted to hijack a bid for Bradley Barcola, while Julian Alvarez is rumored to have signed a new deal. • A Chelsea goalkeeper, aged 24, has left the club's pre-season camp to join a sister club seeking a ball-playing keeper. • These developments occur amidst a flurry of summer transfer window activity involving major Premier League clubs like Liverpool and Manchester United.

Executive orders come after supreme court rejected president’s first bid to restrict guarantee enshrined in US constitutionDonald Trump on Thursday signed two executive orders that the White House said aims to restrict eligibility for birthright citizenship and ban “birth tourism”.The ‌orders come just over a month after the United States supreme court rejected Trump’s first attempt to restrict the guarantee of birthright citizenship enshrined in the US constitution. Continue reading...

Sociology professor to stand down after university announces investigation into his qualifications and career• Playbooks, plagiarism and a pig’s head: new claims surrounding a star Cambridge professorJason Arday, the Cambridge professor accused of plagiarism and embellishment, has resigned after the university announced he was to face a new investigation into his qualifications and career.Arday, who had been dogged by a growing series of questions over his academic work and credentials, issued a statement on Wednesday night, saying the “relentless accusations, speculation and public commentary have taken a profound toll on me and on those I love”. Continue reading...

• Mauricio Pochettino has signed a new contract to remain as the manager of the U.S. men's national team, as announced by U.S. Soccer on Monday morning. • Pochettino currently holds a record of 17-12-2 with the squad, having recently led the team to a round-of-16 finish in the World Cup. • The extension provides stability for the national team following a tournament performance that met basic expectations but failed to capitalize on home-field advantage.

The EU is using a currency redesign as an opportunity to be less neutral and try some finely balanced identity-buildingIs Europe best represented by the bold intellect of Marie Curie, the sprawling imagination of Miguel de Cervantes and the intense musical genius of Ludwig van Beethoven? Or by a migrating stork and a bee-eater, swooping across borderless plains and enjoying freedom of movement across European countries?The quest to settle this issue has engaged a surprising number of people across the continent, after more than 6 million people voted in a survey within just a week of its launch to determine whether the newly redesigned euro bank notes should depict either cultural figures or birds and waterways. Continue reading...

Adam O’Neal did not give reason for his departure at end of August, in another major shakeup at US publicationThe Washington Post had realized a state of relative calm in the five months since the paper was turned upside down in February, when nearly half the newsroom was laid off and its unpopular publisher, Will Lewis, abruptly resigned.But on Friday, staffers were shocked to find out that Adam O’Neal, a millennial hired last year to lead its opinion section, was already leaving. Continue reading...

Mayor announces resignation of Shon Barnes after city officials faced criticism over response to Sunday shootingSeattle’s police chief has resigned amid criticism of the city’s response to a fatal shootout at a food festival last weekend, Katie Wilson, the mayor, said on Thursday.The announcement followed hours of speculation about whether Shon Barnes would step down, as some of his supporters said he had rebuffed Wilson’s request that he resign. Continue reading...

• Amazon Prime Video India has partnered with CJ ENM, via its subsidiary True CJ Creations, to add over 100 K-dramas to its streaming library. • The content will be dubbed in Hindi, Tamil, and Telugu to increase accessibility, featuring titles such as Yumi's Cells Season 3, Filing for Love, and The Legend of Kitchen Soldier. • This strategic move reflects Prime Video's commitment to expanding its curated slate of premium Korean storytelling for the Indian market.

• GlobalFoundries has signed a letter of intent with the U.S. Department of Commerce to receive a $300 million award under the CHIPS R&D program. • The funding is dedicated to accelerating U.S. leadership in silicon photonics, which provides the critical optical technologies necessary for AI and high-performance computing. • This initiative aims to strengthen domestic semiconductor capabilities amidst volatile geopolitical tensions, including trade conflicts with China and instability in Ukraine and the Middle East.

• South Korean markets experienced a sharp decline overnight, with the Kospi falling over 10%, while tech giants SK Hynix and Samsung Electronics dropped nearly 15% and 13% respectively. • In contrast, U.S. markets showed resilience as Dow Jones Industrial Average futures rose approximately 1% and S&P 500 futures remained flat. • The volatility evokes the 2016 research by Kent Daniel and Tobias Moskowitz on "momentum crashes," which suggests such crashes often occur during "panic states" and high volatility.

• Prime Video India has signed a multi-year partnership with CJ ENM to bring over 100 Korean titles to the Indian market. • The agreement includes the release of 26 new shows, which will be rolled out to Indian audiences over the next two years. • This deal highlights the growing global demand for K-content and the strategic expansion of Korean entertainment beyond East Asia.

• Market analysts are debating whether the AI supercycle is ending due to three critical warning signs: oversupply, slowing demand, and financing risks. • The semiconductor sector is feeling the impact, evidenced by SK hynix's market capitalization falling to 87% of Samsung's during a broader market correction. • Nomura Securities predicts that testing times for Nvidia's Blackwell and Rubin GPUs will increase significantly, raising the share of manufacturing costs attributed to testing from 1.9% to 3.3%.

• Prime Video India has signed a multi-year distribution agreement with CJ ENM, a leading South Korean entertainment studio, to expand its K-content library. • The deal will bring over 100 Korean shows to Indian viewers, including popular titles such as Legend of the Blue Sea, Prison Playbook, Mother, and A Practical Guide to Love. • This partnership reflects the growing demand for Korean dramas and entertainment within the Indian market, leveraging CJ ENM's expansive content catalog.

Premier announces she is stepping down from the top job ahead of expected spill, says her deputy has her ‘unqualified support’ The Victorian premier, Jacinta Allan, has announced her resignation from the top job, after a tumultuous 48 hours for Labor just four months out from the state election.Allan on Monday had vowed to challenge for the leadership after a group of MPs told her she no longer had the support of caucus and urged her to stand down, and the deputy premier, Ben Carroll, confirmed he would nominate for the Labor leadership. Continue reading...

• Prime Video India has signed a multi-year partnership agreement with South Korean entertainment studio CJ ENM to expand its library of K-content. • The deal will provide Indian subscribers with increased access to a diverse range of Korean dramas, films, and cultural programming. • This strategic move aims to capitalize on the growing popularity of Korean entertainment and culture among audiences across India.

Relaxed rules mean members only have to wear a top to meetings and activities after extensive feedbackGirlguiding has fully redesigned its uniform across all groups for the first time in more than 30 years, with a focus on “self-expression, belonging and confidence”.The new range, launched on Monday, has relaxed previous rules: Guides, Rainbows, Brownies and Rangers now only have to wear a top to meetings and activities to be considered “in uniform” after feedback from thousands of girls who said they felt “most comfortable” when allowed to wear what they wanted. Continue reading...

New law prohibits retailers from using personal data to charge different prices for identical productsNew Jersey governor Mikie Sherrill recently signed a new law prohibiting businesses from using shoppers’ personal information to charge different prices for identical products, making her state the third in the US to ban the practice.The Fair Price Protection Act passed by New Jersey’s legislature seeks to protect consumers from surveillance pricing, in which retailers can use data including online activity, location and purchasing history to arbitrarily change prices for individual shoppers. Continue reading...

• India’s "Cockroach movement" has officially ended weeks of widespread protests after the government agreed to meet all of the group's demands. • The resolution follows the resignation of the education minister, a key move that satisfied the protesters' requirements for accountability. • This movement highlights significant public unrest regarding educational policies and the demand for leadership changes within the ministry.

• The "Cockroach movement" in India has announced the end of its protests following successful negotiations with the government. • The decision comes shortly after Education Minister Dharmendra Pradhan submitted his resignation. • This resolution marks a significant political shift, as the resignation of a high-ranking minister appears to have satisfied the movement's demands.

• India's education minister has resigned following weeks of intense demonstrations led by the "Cockroach" movement. • The protests concluded after the Indian government agreed to accept all demands put forward by the movement. • This resignation marks a significant political victory for the protesters and highlights growing public dissatisfaction with the education ministry.

• India's education minister has resigned following nationwide protests led by the viral Cockroach Janta Party. • The movement called off its demonstrations on Saturday after the government agreed to accept all of the activists' major demands. • This escalation represents a significant challenge to Prime Minister Narendra Modi's administration, forcing high-level government concessions.