World
AI Summary
- Global markets reacted to escalating tensions in the Strait of Hormuz as oil prices fluctuated amid speculation of a potential breakthrough in negotiations, with figures like Bessent suggesting a swift resolution while Saudi Aramco reported record profits and warned of significant supply disruptions.
- The construction and heavy machinery sector, exemplified by Caterpillar, experienced a significant upswing, surpassing $20 billion in quarterly sales for the first time, largely attributed to the burgeoning demand driven by the AI data center boom.
- The global bond market faced considerable volatility, particularly influenced by a substantial increase in Japanese government bond yields following a reportedly poor auction for 10-year JGBs.
- Privacy concerns have intensified with the proliferation of 'creepy' smart glasses, raising questions about data security and personal surveillance in the digital age.
- Geopolitical tensions remain high, with discussions around potential US-Iran deals, national security reviews of foreign investments near military bases, and international diplomatic efforts to address conflicts and migrant crises.
ZeroHedge
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Shit Out Of Luck: 2 Dead In Outbreak Of Diarrhea-Causing Parasite: Officials
42 minutes ago
by Tyler Durden
Shit Out Of Luck: 2 Dead In Outbreak Of Diarrhea-Causing Parasite: Officials Authored by Zachary Stieber via The Epoch Times , Michigan authorities on Aug. 3 said two deaths are linked to the cyclosporiasis outbreak in the state, the first time cyclosporiasis-associated deaths have been reported since outbreaks began in the spring. A farmer washes lettuce in a backyard urban farm in Los Angeles, on March 25, 2020. Robyn Beck/AFP via Getty Images "Two deaths have been identified as part of the cyclosporiasis outbreak affecting Michigan," the Michigan Department of Health and Human Services said in a statement. "According to
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Oil Slides As Qatar Floats New Iran Deal, Bessent Promises Hormuz Breakthrough: 'May Have Deal Tomorrow'
an hour ago
by Tyler Durden
Oil Slides As Qatar Floats New Iran Deal, Bessent Promises Hormuz Breakthrough: 'May Have Deal Tomorrow' Another fake ceasefire in progress? Or are we to believe it's for real this time? There's nothing on the ground-level at all that currently suggests the warring sides are imminently about to agree to a new ceasefire, or are so much as back at the negotiating table. And yet Tuesday morning headlines are now being driven by a Qatari Foreign Ministry statement saying that "language" for a possible US-Iran resolution "has been drafted" and "is being circulated between the parties." via Doha News Ministry
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Futures Hit Record High As Oil Tumbles After Bessent Says Hormuz May "Reopen Tomorrow"
an hour ago
by Tyler Durden
Futures Hit Record High As Oil Tumbles After Bessent Says Hormuz May "Reopen Tomorrow" S&P futures are trading at all time high with the latest push higher triggered by comments from Scott Bessent on CNBC who echoed Trump in saying that "we may have Iran deal tomorrow to open Hormuz" (or we may not). The Nasdaq also looks set to extend Monday’s gains: As of 8:00am ET, S&P futures are up 0.4% to an all time high of 7655 and Nasdaq futures rise 1.1%, as Palantir soared 16% pre-market after upping its forecasts, while Caterpillar rose 9% on an earnings
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Caterpillar Erupts As Quarterly Sales Top $20 Billion For First Time Amid AI Data Center Boom
2 hours ago
by Tyler Durden
Caterpillar Erupts As Quarterly Sales Top $20 Billion For First Time Amid AI Data Center Boom Caterpillar shares jumped in pre-market trading after reporting a second-quarter beat, driven by strong growth in its heavy machinery, power and energy business amid the data center buildout, reshoring, and other activities reindustrializing the nation under the Trump administration. Revenue soared 24% from one year ago to $20.54 billion, exceeding the $19.01 billion Bloomberg consensus estimate. Machinery, power and energy revenue climbed 25% to $19.58 billion, while operating income surged 51% to $4.21 billion, well above the $3.5 billion estimate. Financial Products operating income
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Saudi Aramco Profit Soars As CEO Warns Hormuz Closure Removes 100 Million Barrels A Week
2 hours ago
by Tyler Durden
Saudi Aramco Profit Soars As CEO Warns Hormuz Closure Removes 100 Million Barrels A Week Saudi Aramco, the world's largest oil producer by volume, reported a 33% jump in second-quarter profits on Tuesday as the war-driven surge in Brent crude, which averaged $97 a barrel, boosted earnings. The company maintained export flows by redirecting crude around the disrupted Strait of Hormuz through its East-West Pipeline to the Red Sea. Adjusted net income for the quarter surged to $33.4 billion from $25.2 billion a year earlier, beating the Bloomberg Consensus estimate of $31.1 billion. Aramco sold oil at an average of
The Guardian
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Stronger EU borders needed after Ceuta crisis, von der Leyen says
20 hours ago
by Jennifer Rankin in Brussels
European Union, Spain, Migration, Europe, Morocco, Africa, World newsEuropean Commission president says work needed in five areas of migration control including returning more people The president of the European Commission has called for action to strengthen Europe’s borders after tens of thousands of people arrived and quickly left the Spanish territory of Ceuta, triggering a furious row between Madrid and other European countries. In a letter to Spain’s prime minister, Pedro Sánchez, on Monday, Ursula von der Leyen said: “From this incident, it is clear that we must do more to further strengthen our borders at critical points, including vigilant monitoring and the use of physical barriers where
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How Ceuta migrant crisis exposes divisions within Europe - The Latest
a day ago
by Presented by Lucy Houghwith Ashifa Kassam; produced by Annie La Vespaand Bryony Moore; senior producer Ryan Ramgobin
Spain, Morocco, Europe, Africa, World newsDozens of people died attempting to reach the Spanish enclave of Ceuta after an estimated 50,000 crossed from Morocco last week. The incident has led to a political crisis in Spain and criticism from EU countries. Lucy Hough speaks to the Guardian’s European community affairs correspondent, Ashifa Kassam – watch on YouTube Continue reading...
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Ceuta leader accuses Morocco over ‘atrocity’ of mass border crossing
a day ago
by Ashifa Kassam in Madrid, Okba Mohammad in Ceuta and Lisa O’Carroll in London
Spain, Morocco, European Union, Europe, Africa, Migration, Middle East and north Africa, World newsJuan Jesús Vivas says influx seen as ‘at least encouraged or permitted’ by Rabat, as Spain demands EU solidarity Explainer: why is Ceuta a migration flashpoint? A growing chorus of voices has accused Morocco of helping to fuel the crisis in Ceuta, with the leader of the Spanish enclave describing last week’s border crossings as an attack on Spain’s territorial integrity that was seen as being “if not orchestrated, at least encouraged or permitted by Morocco”. Spanish officials said on Monday that an estimated 69,500 people who had arrived late last week in Ceuta, a tiny Spanish territory in north
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Chaos of border crossing gives way to limbo for Moroccans on Ceuta’s streets
2 days ago
by Okba Mohammad and Javier Jennings Mozo in Ceuta
Spain, Morocco, Migration, Africa, Europe, Middle East and north Africa, World newsPeople among the more than 50,000 who entered Spanish enclave this week describe the journey and their prospects Four days ago, Youssef El Abbas saw an opportunity to reclaim the life he had lost seven years earlier. News was circulating that about 400 people had swum from Morocco to the neighbouring Spanish enclave of Ceuta on the north African coast, approximately 12 miles (19km) across the strait of Gibraltar from mainland Spain. Here was a chance for the 44-year-old Moroccan father of four to return to Spain, from which he had been deported when his residency expired after the loss
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Anti-LGBTQ+ laws are on the rise across west Africa, campaigners warn
2 days ago
by Rachel Savage in Johannesburg
LGBTQ+ rights, Africa, World news, Burkina Faso, Senegal, Niger, Nigeria, Uganda, Ghana, MaliActivists in the region say politicians regard LGBTQ+ people as ‘the easiest scapegoats to maintain their power’ A growing number of west African countries are implementing or strengthening anti-LGBTQ+ laws, amid local political pressures and a global pushback against LGBTQ+ rights. In March, Senegal doubled the maximum prison sentence for gay sex to 10 years and criminalised the “promotion” of homosexuality. Niger criminalised “sexual relations with a person of the same sex” in February, the first time same-sex intimacy had been outlawed in the country. Continue reading...
South China Morning Post
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As US and China compete over AI, middle powers can craft a third path
an hour ago
by Hao Nan
The global AI race is becoming a contest over the international order. In June, the US convened the second summit under the 24-economy Pax Silica around secure supply chains, AI infrastructure and trusted technology partnerships. In July, all 193 UN member states met in Geneva for the inaugural Global Dialogue on AI Governance. Days later, 29 countries signed the agreement establishing the World Artificial Intelligence Cooperation Organization (WAICO) in Shanghai. Together, these developments...
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Trump’s ‘Board of Peace’ conditions Israel’s Gaza withdrawal on Hamas disarmament
6 hours ago
by Agence France-Presse
US President Donald Trump’s “Board of Peace” on Monday assured Prime Minister Benjamin Netanyahu that Israel’s withdrawal in Gaza would only begin after Hamas’ complete disarmament, following his objections. Two members of Netanyahu’s security cabinet had urged a vote to tear up the deal championed by Trump after the board released a text that called for Israel to begin a phased withdrawal. Netanyahu’s office said it had raised concerns to the United States, after Trump on Friday hailed as a...
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Russia says Ukrainian drone attack kills 7 at Black Sea resort beach
10 hours ago
by Reuters
Russia said on Monday that seven people, including three children, had been killed and 40 injured at its Black Sea holiday resort of Gelendzhik in what it said was a deliberate Ukrainian drone attack on civilians. There was no immediate comment from Ukraine, which like Russia, says it does not deliberately target civilians in the full-scale war which Moscow launched in 2022. Social media videos, verified by Reuters, showed what appears to be a drone slamming into a busy beach area near the town...
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Why global migration data should recognise subgroups like the Teochew
12 hours ago
by Charles Chear
In countries like France and Norway, the government census strictly avoids asking about race and ethnicity. Governed by a desire for national unity, these states operate on a firm premise: categorising citizens by skin colour risks creating divisions and reinforcing prejudice. Across the Atlantic and in the Commonwealth, you find a different philosophy. The United States, United Kingdom and Canada measure race and ethnicity. In these societies, data collection isn’t seen as a wedge to divide...
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‘Folded like an umbrella’: Trump attacks ally prosecutor over Reflecting Pool case
12 hours ago
by Reuters
US President Donald Trump sharply criticised US Attorney Jeanine Pirro on Monday for dropping a case of alleged vandalism at the Lincoln Memorial Reflecting Pool in Washington, saying she had “choked” under pressure from a judge and “folded like an umbrella”. “Instead of going after the people that did it, the judge went after her and went after her department, and I guess she choked. I don’t know what the hell happened,” Trump told reporters. Pirro’s office said in a court filing on Friday...
New York Times
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White House Whipsaws Silicon Valley (and Itself) Over A.I. Rules
an hour ago
by David McCabe, Mike Isaac, Ana Swanson and Kate Conger
Artificial Intelligence, Computers and the Internet, United States Politics and Government, Regulation and Deregulation of Industry, Executive Orders and Memorandums, Politics and Government, Lobbying and LobbyistsThe Trump administration has struggled over how to approach “open source” models, which are freely available to download and favored by Chinese companies.
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Pirro Meets With Trump at the White House After He Said She ‘Choked’ in Reflecting Pool Case
13 hours ago
by Erica L. Green, Katie Rogers, Tyler Pager and Maggie Haberman
National Mall (Washington, DC), Washington (DC), Pirro, Jeanine, Trump, Donald J, United States Politics and Government, Government Contracts and Procurement, Interior Department, Hearn, David (1959- )President Trump said Jeanine Pirro, the U.S. attorney for Washington, D.C., “folded like an umbrella.” For now, her job appeared to be safe, according to two people familiar with the meeting.
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The New Deal That Could Lock in Iran’s Control of the Strait, and the $7 Billion Trump’s Not Spending
4 hours ago
by Tracy Mumford, Will Jarvis, Margaret Kadifa, Jake Lucas, Ian Stewart and Andrew Keh
United States Politics and Government, US and Israeli Attack on Iran (2026), Peace Process, Trump, Donald J, Iran, New Zealand, Persian Gulf, Strait of Hormuz, internal-open-access-audioPlus, where are you supposed to practice the bagpipes?
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Ronald Lauder, a Billionaire G.O.P. Backer, Closes His Wallet
44 minutes ago
by Nicholas Fandos
Lauder, Ronald S, High Net Worth Individuals, Campaign Finance, Estee Lauder Companies Inc, Neue Galerie, Republican Party, Political Action Committees, New York City, Midterm Elections (2026), Finances, Conservatism (US Politics), Family BusinessRonald S. Lauder, a major funder of conservative political causes, has not given a single dollar this year to Republicans in his home state, and his super PAC has gone idle.
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Trump, Graham Dominate Senate Race: 5 Takeaways from South Carolina Debate.
10 hours ago
by Patricia Mazzei
South Carolina, Graham, Lindsey, Nordone, Darline Graham, Sanford, Mark, Fry, Russell (1985- ), Norman, Ralph W Jr (1953- ), Elections, Senate, Primaries and CaucusesThe legacy of Lindsey Graham loomed over the field to replace him in a debate Monday. All eyes were on his sister, Darline, who was endorsed by President Trump.