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Strike was in response to drone attack a day earlier on a commercial vessel The US military ⁠conducted strikes ⁠against Iran ​on Friday, ⁠Central Command said in ⁠a statement, ​adding ‌that ‌US aircraft ‌struck Iranian missile and drone storage locations and ‌coastal radar sites ​after Tehran’s attack on a ⁠commercial ship ​in the ​strait ​of ​Hormuz.The US strike was in response to a drone attack a day earlier on a cargo ship in the strait, a provocation that President Donald Trump said violated the ceasefire. Continue reading...

• The European Union is targeting Amazon Web Services (AWS) and Microsoft Azure under the Digital Markets Act (DMA) to increase regulatory oversight. • This move comes as cloud infrastructure becomes an essential foundation for the rapid development and deployment of artificial intelligence. • The action aims to prevent market dominance and ensure fair competition among digital business models and infrastructure providers.

• European Union regulators are moving to designate Amazon Web Services (AWS) and Microsoft Azure as "gatekeepers" under the Digital Markets Act (DMA). • This regulatory shift targets the dominance of these cloud units to prevent unfair competition and ensure a more open market for AI and cloud services. • The move comes amid significant pushback from the tech industry, which argues that the cloud market remains highly competitive.

• GlobalFoundries is expanding its Singapore operations to serve as a primary hub for "physical AI" hardware, focusing on robotics, autonomous systems, and AI-driven infrastructure. • The chipmaker is increasing its investment in manufacturing capacity and developing next-generation semiconductor technologies to support these emerging fields. • This strategic shift aims to capture the growing demand for specialized chips that bridge the gap between digital AI and physical machinery.

• Antique has maintained a 'Buy' rating for ICICI Bank, setting a target price of Rs 1,622 for 2026. • The target price represents a potential upside of 17% compared to the current trading price of Rs 1,387.70. • This valuation is driven by two near-term triggers expected to catalyze an earnings rerating for the bank.

• The author identifies BlackLine (NASDAQ:BL) as a top value stock to target this week, contrasting it with two other stocks to avoid. • BlackLine provides cloud-based software designed to automate financial close, intercompany accounting, and invoice-to-cash processes for accounting departments. • The analysis emphasizes the importance of distinguishing between genuinely undervalued assets and "value traps" with deteriorating business models.

• This week's international news highlights a series of diplomatic and military developments, including US-Iran talks aimed at ending their conflict and a sudden diplomatic dispute between Ukraine and Poland. • Ukraine has intensified its military operations by increasing strikes on Russian-occupied Crimea to destabilize Russian control in the region. • In political shifts, the report notes the resignation of Keir Starmer in the UK, alongside updates on the progress of the Fifa World Cup in the US.

Mayor of Manchester is coming under pressure from some to ditch net zero targets but this could be highly damaging on many levelsUK politics live – latest updatesBritain’s net zero economy is booming. The sector is worth £100bn a year to the UK, has outpaced other sectors, and supports higher-paying jobs than the average.For a union leader to suggest that the man who has overseen this impressive record – the energy secretary, Ed Miliband – would be a “noose around the neck” of job creation, as Unite’s Sharon Graham has done, might seem extraordinary. Continue reading...

Exclusive: Rights group says Nigel Farage’s party is reneging on promises made during the Brexit referendum campaignUK politics live – latest updatesEU nationals based permanently in the UK have expressed alarm over a Reform UK plan to target their rights to accommodation and employment, saying the policy is a betrayal of promises made in the Brexit referendum 10 years ago.Under updated migration policies, Nigel Farage’s party would evict all overseas nationals from social housing and make it notably more expensive for companies to employ them, with both policies also affecting EU nationals who have settled status. Continue reading...

• Santander has expanded artificial intelligence access to its entire global workforce of 185,000 employees. • The bank forecasts that the integration of AI will generate more than €1 billion in business value between 2026 and 2028. • This strategic move highlights the financial sector's increasing reliance on AI to drive operational efficiency and revenue growth.

Palestinian children ‘deliberately targeted and killed,’ report’s chair says. Plus, Mamdani-backed candidates sweep NYC Democratic primariesGood morning.Israel continues to commit genocide by deliberately targeting Palestinian children in Gaza, an ⁠independent UN inquiry has found.What does the report say? That Palestinian children were deliberately targeted and killed during the ‌war, including after a ceasefire came into effect ‌in October 2025. “The evidence shows that Palestinian children have been deliberately targeted and killed by the Israeli security forces,” Srinivasan Muralidhar, the commission’s chair, said in a statement accompanying the report.How has Israel’s government reacted? The Israeli mission in Geneva said Israel rejected the commission’s “libellous sham”. The country has fought hard against allegations of genocide, while receiving critical diplomatic support from its allies including the US and the UK.What about legal and rights experts? A significant body of research has concluded that Israel is intent on destroying Palestinians, including analyses by UN investigators, rights bodies such as Amnesty International and Human Rights Watch, and genocide scholars worldwide.Which Mamdani allies won their primaries? Brad Lander, a former New York City comptroller, defeated the Democratic representative Dan Goldman; Claire Valdez, a state lawmaker and former union organizer, defeated Antonio Reynoso, the preferred successor of Nydia Velázquez, who is retiring; and Darializa Avila Chevalier, a public defense investigator, toppled Adriano Espaillat, the powerful five-term incumbent who chairs the congressional Hispanic caucus. Continue reading...

Report says by aiming at children Israel is undermining capacity of Palestinian people to existIsrael continues to commit genocide by deliberately targeting Palestinian children in Gaza, an ⁠independent UN inquiry has found.The report by the UN independent international commission of inquiry examined violations against Palestinian children since the start of the war in Gaza, and said about 30% of those killed by Israeli forces have been children. Continue reading...

Australia’s most populous state forecast to plunge into worse-than-expected $2.3bn deficit in 2026-27, before rebounding to a $1.1bn surplus following yearGet our breaking news email, free app or daily news podcastPublic transport fares will be frozen for one year and vehicle registration cut by $100 under New South Wales budget measures designed to provide cost-of-living relief ahead of the upcoming election.In Tuesday’s budget, the last before the March 2027 state poll, the Minns government has made a direct appeal to working families in seats threatened by One Nation and the Coalition, especially in Sydney’s west. Continue reading...

Energy secretary expected to argue that UK clean economy is booming as private sector pledges over £100bn of investmentEd Miliband is to say that the UK must stick to net zero targets to deliver jobs and growth, as speculation surrounds the energy secretary’s role under a new prime minister.He will make the speech as data shows more than £100bn in green investment has been pledged by private sector companies in this parliament. Continue reading...

• Senior Congress leader Pawan Khera criticized the BJP on Monday following "Operation Tiger," a move led by ally Eknath Shinde to further weaken Uddhav Thackeray's camp. • Khera likened the current political maneuvering to "Operation Lotus" and described the actions as "dacoity" aimed at destabilizing opposition forces. • The conflict highlights the ongoing volatility within Maharashtra's political landscape and the BJP's broader strategy for a "Congress-mukt Bharat."

White Scottish man, 38, charged after five men were injured in spate of attacks in city on Friday nightWitnesses to the alleged knife attacks on Muslims and others in Edinburgh on Friday have described seeing a taxi and an Uber bike courier being targeted in Leith.The attacks, suspected of being directed against Muslims and people of colour, began near a mosque in the west of Edinburgh, followed by incidents on Leith Walk in the east of the city. Continue reading...

• OpenAI is reportedly considering an initial public offering (IPO) as artificial intelligence firms target a historic wave of public market debuts in 2026. • Broadcom (AVGO) reported record revenue and profit, yet saw its market value drop by $300 billion due to escalating investor expectations. • Qualcomm is expanding its data center footprint by deploying energy-efficient AI accelerators, highlighted by a strategic new deal with ByteDance.

430 ICE street arrests filed over a five-month period were clustered in predominantly Latino communities across New Jersey and New YorkFederal agents have arrested hundreds of immigrants off New York and New Jersey streets in recent months in a stealth enforcement campaign that disproportionately targeted people from Latin American countries, according to an investigation by the City Reporter based on a review of more than 1,200 lawsuits.More than 93% of the people grabbed off area streets who filed suit were from Latin American countries, although Latinos make up only 66% of immigrants without legal status in the region. Continue reading...

• Afghanistan has launched strikes against targets located within Pakistan, significantly escalating cross-border tensions between the two nations. • The attacks represent a direct threat to the fragile ceasefire currently in place, marking a volatile shift in diplomatic relations. • This escalation highlights the ongoing instability and security challenges persisting in the region under the current administration.

• Tensions have escalated within the ruling INDIA bloc in Jharkhand following the Rajya Sabha election results. • RJD leader Lalu Prasad directly blamed Jharkhand Congress in-charge K Raju for the defeat of candidate Pranav Jha. • This public rift highlights internal instability and coordination failures between the RJD and Congress despite their alliance.

Fifa has defended its Aramco sponsorship, saying revenues are reinvested back into football at all levelsAs scorching temperatures beat down on World Cup soccer games across North America, climate activists – including former and current professional athletes – are calling for Fifa and other professional sporting organizations to cut ties with the oil and gas industry.“Sport, especially football, has the power to influence and inspire billions of people,” said David Wheeler, an English former professional footballer, who supports the campaign. “Fifa should be harnessing that power to do good.” Continue reading...

Exclusive: Telegram urged to clarify how it detects illegal incitement after attacks were coordinated using appTelegram is facing questions from Ofcom over how it detects and prevents illegal incitement after a Ukrainian man was found guilty of carrying out arson attacks on a car and property associated with Keir Starmer.A spokesperson for the regulator said it had contacted the messaging app “to seek further clarification” because the arsonist had been directed on Telegram by a handler linked to Russia. Continue reading...

IDF claims continuing strikes come after Iran-backed group repeatedly violated ceasefire; JD Vance cancels trip as US-Iran talks set for Friday cancelledUS-Iran talks in Switzerland abruptly called offJD Vance tells Iran deal critics in Israel: Trump is your only ally left in the worldWelcome to our continuing live coverage of events in the Middle East.Israel’s military says it is attacking Hezbollah in several areas across southern Lebanon and has been striking throughout Thursday night.Vance lashed out at Israeli critics of the Iran deal, saying Donald Trump was Israel’s only ally left in the world, in a sharp rebuke that referenced the billions in defence aid ⁠the country receives from America. Trump “is the only head of state in the entire world ‌who is sympathetic to the nation of Israel at this ‌moment in time”, Vance told reporters.Trump said the ​US expected “a ⁠complete ceasefire on all fronts, including ⁠Lebanon, Hezbollah ​and Israel”, adding in a social media post: “We ‌encourage everyone ‌in the ‌Middle East Region to maintain their commitment to allowing our negotiations ‌to beautifully unfold.”Iran’s supreme leader said he approved the deal with the US despite having a “different view”, without elaborating. Ayatollah Mojtaba Khamenei said in message read on state television: “In principle, I had a different view [about the memorandum of understanding], but I issued my permission due to the commitment that the honourable [Iranian] president, as the chairman of the Supreme National Security Council, gave me on behalf of himself and other members to protect the rights of the Iranian nation and the resistance front.”In Khamenei’s message on Thursday – his first reaction to the Iran-US deal – he claimed Trump had “used all kinds of levers” to secure the deal “out of desperation”. The US president has claimed the agreement is a victory for Washington and averts a “worldwide depression”.Iran announced plans to introduce a system of maritime fees in the strait of Hormuz after the 60-day period of negotiation triggered by the signing of the memorandum of understanding with the US. Tehran, claiming a historic victory over the US, said the strait was under its control and a European plan for a naval mission to escort ships though the vital waterway would not be welcome, reports Patrick Wintour.Vance said the 60-day period in which to reach a final agreement with Iran started on Thursday. That would set a deadline for the final agreement between Iran and the US as 17 August.US Central Command ended its blockade in the Hormuz strait, it announced on social media. The US naval blockade of the strait had been in effect since 13 April, with control of the waterway being a key point of conflict in the war. Marine Traffic data showed that at least seven ships had crossed the strait on Thursday.The US would restart military action and ⁠reimpose a ⁠blockade ​against Iran if it did not fulfil its commitments ⁠under the signed agreement, US defence secretary Pete Hegseth said at a meeting with Nato defence ministers in Brussels.Khamenei said in his message that he received assurances from Pezeshkian about the deal and that it would not be accepted “if the American side wants to make excessive demands”. “It is obvious that the face-to-face negotiations that will be held in the future will not mean accepting the enemy’s point of view,” he added.Pakistan’s foreign ministry said the agreement’s signing ceremony in Switzerland, which was due to take place on Friday, was cancelled as it is understood that the memorandum of understanding between the US and Iran has already been signed remotely.EU foreign policy chief Kaja Kallas said she was representing the bloc’s position on the Middle East, after Israel announced it was severing diplomatic relations over allegations she had compared the country to apartheid South Africa. Continue reading...

Prime minister says country needs to resist those who seek to ‘exploit division’ and ‘destabilise democracy’The trial of two Russian-linked arsonists who targeted property connected to Keir Starmer shows that the UK is under attack from bad actors who want to “exploit division” and “destabilise our democracy”, the prime minister has said.Roman Lavrynovych, 22, from Ukraine, and Stanislav Carpiuc, 27, from Romania, were found guilty on Monday of conspiring to carry out arson attacks on property linked to the prime minister, and appear to have operated under the instruction of an online handler with links to Russia. Continue reading...

• The Federal Reserve has maintained its target interest rate range for the fourth consecutive meeting, keeping borrowing costs elevated. • High interest rates on U.S. Treasury securities are directly increasing the federal government's overall cost of borrowing. • The Treasury projects that U.S. debt as a percentage of GDP will grow to more than five times the size of the economy over the next 75 years.

Private members’ bills to crack down on use of Slapps are likely to attract cross-party supportA coordinated push to protect whistleblowers, journalists and victims of sexual assault from being sued by those who wish to silence them has been launched in both houses of parliament.Two private members’ bills designed to crack down on strategic lawsuits against public participation, known as Slapps, have been introduced by Conservative members within 24 hours of each other, and are likely to attract cross-party support. Continue reading...

• President Zelenskyy accused Russia of deliberately targeting the Pechersk Lavra monastery, a UNESCO World Heritage site in Kyiv, resulting in 11 confirmed deaths. • The Ukrainian leader dismissed Moscow's claims that the site was not targeted, highlighting the ongoing destruction of cultural landmarks. • This escalation occurs as G7 leaders prepare to meet in France to discuss international support and strategic responses to the conflict.

Charging industry and electric vehicle manufacturers say measure could cost jobs and harm UK automotive sectorThe UK government’s plans to further weaken electric car targets have provoked a furious backlash from the charging industry and the electric car brand Polestar, which would lose out from the changes.The Labour government is expected to dilute rules known as the zero emission vehicle (ZEV) mandate. Government sources have said it will reduce a target for pure electric cars from 80% of all sales by 2030 to 50%. Continue reading...