Hegseth removes Pentagon intelligence chief and other senior officials in major shakeup

August 22 – U.S. Defense Secretary Pete Hegseth has removed the head of the Pentagon’s intelligence agency and two senior military leaders, continuing a wave of leadership changes under President Donald Trump administration. The surprise removals have intensified concerns about the politicization of military and intelligence institutions, even as the official reasons behind the firings remain … Read more

Wall St Week Ahead: Investors zero in on Nvidia results as tech stocks waver

NEW YORK, Aug 22 – A stumble in U.S. technology shares has set the stage for a critical week on Wall Street, with investors waiting anxiously for Nvidia’s upcoming earnings report. Scheduled for Wednesday, the results from the semiconductor powerhouse are expected to serve as a major test for the artificial intelligence trade that has … Read more

Walmart raises annual outlook as shoppers flock to low prices

August 21 – Walmart, the world’s largest retailer, has raised its annual sales and profit forecast after experiencing strong customer demand across all income brackets. As rising living costs weigh on American households, the retailer’s strategy of keeping prices low has helped it attract a broader base of shoppers. Despite the upbeat outlook, Walmart’s shares slipped … Read more

China weighs yuan-backed stablecoins to boost global currency reach

China weighs yuan-backed stablecoins to boost global currency reach

August 20 – Beijing is considering the launch of yuan-backed stablecoins, a step that could strengthen the currency’s role on the global stage and potentially transform the future of digital finance. According to individuals familiar with the discussions, Beijing’s top decision-making body, the State Council, is preparing to review and potentially approve a roadmap later this … Read more

Trump again targets Fed chief, says Powell is crippling the Housing industry

WASHINGTON, Aug 19 – President Donald Trump has once again taken aim at Federal Reserve Chair Jerome Powell, accusing him of causing serious harm to the American housing market by keeping interest rates too high. In a post on Truth Social, Trump claimed that Powell is “hurting the housing industry very badly” and preventing many … Read more

US would help assure Ukraine’s security in a peace deal, Trump tells Zelenskiy

WASHINGTON, Aug 18 – President Donald Trump assured Ukrainian President Volodymyr Zelenskiy on Monday that the United States would help guarantee Ukraine’s security as part of any eventual peace settlement to end the war with Russia. The announcement came during a high-level summit at the White House attended by Zelenskiy and several European leaders. The … Read more

Pakistan resumes rescue operations in flood-hit areas as death toll surpasses 300

PESHAWAR, Pakistan, Aug 18 – Pakistan resumed rescue and relief operations on Monday in the country’s northwestern regions after a temporary suspension caused by severe weather. Continuous heavy rains since Friday have triggered devastating flash floods that have already claimed more than 300 lives and displaced thousands of families. Officials confirmed that the majority of … Read more

European leaders to join Zelenskiy in face-off with Trump over Ukraine

BERLIN/LONDON, Aug 17 – European leaders are set to stand shoulder-to-shoulder with Ukrainian President Volodymyr Zelenskiy as he travels to Washington on Monday for critical talks with U.S. President Donald Trump. The high-profile visit underscores mounting concerns across Europe that Ukraine could be pressured into accepting a peace settlement that might cement Russia’s hold on … Read more

“No deal until there’s a deal”: Trump-Putin summit leaves Ukraine question unresolved

WASHINGTON, August 16 – The much-anticipated summit between U.S. President Donald Trump and Russian President Vladimir Putin ended without a breakthrough on Ukraine, despite both leaders insisting progress had been made during their face-to-face meeting in Alaska. The talks, which lasted nearly three hours, were the first direct encounter between the two presidents since Russia’s … Read more