In other news

The Netherlands is heading towards elections on October 29th after a year marked by political chaos, including the collapse of the coalition government on June 3rd. The caretaker government is currently in place, but voters are eager to focus on pressing issues such as housing. However, political figures like Geert Wilders are drawing attention to other topics, including asylum-seekers. The article discusses the political instability and the upcoming elections, highlighting the desire for a return to addressing real issues.

The article discusses the current political instability in France, where Prime Minister François Bayrou's government is facing a vote of confidence on September 8th. Bayrou's decision to call the vote was unexpected and risky, given that his minority government is already struggling to maintain support in a deadlocked parliament. The article notes that markets are nervous about the situation, with the yield spread on French ten-year bonds widening after Bayrou's announcement. The article also provides context about the current state of French politics, including the fact that Bayrou's predecessor, Michel Barnier, was recently toppled. The situation is reminiscent of previous periods of political instability in France, and the article suggests that Bayrou will need to demonstrate uncommon political skill to survive.

The article discusses how the line between gambling and investing is becoming increasingly blurred in America. Economists and financiers have long compared stock markets to casinos, with notable figures such as John Maynard Keynes, Jack Bogle, and Warren Buffett making similar comparisons. The rise of prediction markets and the involvement of sports-betting firms and futures exchanges in stock market activities are further contributing to this blurring of lines. The article highlights the concerns of economists and financiers about the casino-like behavior of modern stock markets.

The article discusses Angela Merkel's 2015 decision to open Germany's borders to over 1 million migrants, marked by her phrase 'Wir schaffen das' (We can handle this). While Germany managed the influx better than expected, the costs have strengthened Merkel's political opponents, making it a pyrrhic victory. The article reflects on the decision's impact a decade later, questioning whether it was a well-intentioned policy or a rash move.

The article discusses the threat of deflation in Asia's economies, contrasting with rising inflation in America. It highlights that many Asian countries, including China and Thailand, are experiencing low or negative inflation rates, with some even falling below central bank target ranges. The article attributes this trend to factors such as China's economic influence, slumping commodity prices, and sluggish growth. It notes that while some Asian economies are still within target inflation ranges, the overall trend is disinflationary.

The article discusses the upcoming 25th joint cabinet meeting between France and Germany, highlighting the significance of their bilateral relationship for Europe's security. The meeting, to be held in Toulon, a key naval base, symbolizes the importance both countries place on their mutual ties. The article emphasizes that this relationship remains indispensable for the EU, particularly at a time when Europe's security is crucial. The meeting is seen as an opportunity for the leaders of France and Germany, Macron and Merz, to work together to address European challenges.

The Ukrainian government has unveiled a new cruise missile called the Flamingo, which has a declared range of 3,000km and a payload of over a tonne. The missile's development was completed in just nine months, a significant reduction from the usual years or decades. While the missile's capabilities are impressive, some skeptics are questioning its authenticity. The unveiling comes amid ongoing peace talks, and it is hoped that the missile will encourage Vladimir Putin to lay down arms.

The article discusses how Finland's experience during World War II and its aftermath can serve as a lesson for Ukraine in its current conflict with Russia. Finland was invaded by the Soviet Union in 1939, and despite initial resistance, was forced to cede territory and promise neutrality. However, Finland was able to recover and become one of the most prosperous European states. The article suggests that Ukraine can learn from Finland's experience and potentially repeat its success. The author highlights the similarities between Finland's situation in the 1940s and Ukraine's current situation, including the Kremlin's claims of influence and the West's initial failure to deliver promised support.

The article discusses how Poland is shifting its focus from Central Europe to the Baltic region due to energy and security concerns. The installation of large wind turbines in the Baltic Sea off the coast of Poland is cited as an example of this shift. The article suggests that Poland's centre of gravity is moving northwards, driven by its need for energy security and its growing ties with other Baltic countries.

The article argues that employees, particularly executives, should invest in their employer's shares, contrary to typical financial advice to diversify. It cites the example of Jamie Dimon, CEO of JPMorgan Chase, whose significant share ownership aligns his interests with those of shareholders, discouraging short-term decision-making at the expense of long-term returns. The article suggests that this alignment of interests is beneficial for shareholders and can lead to more sustainable business practices.

A US citizen died in a jet ski accident in the Bahamas, prompting an investigation by the Royal Bahamas Police Force. The incident occurred on Sunday when a vessel collided with a jet ski off Paradise Island. The rider of the jet ski was found unresponsive and had visible injuries. The police are also investigating other incidents involving Americans in the area, including a sexual assault at a resort on Paradise Island. The US Embassy in Nassau had previously issued a security alert warning US citizens about the risks of renting jet skis in the Bahamas due to reported rapes and sexual assaults by jet ski operators.

An 85-year-old hiker was killed and his 82-year-old wife was injured when a herd of cows trampled them in the Austrian Alps. The incident occurred while they were walking their dog near a mountain hut in Ramsau am Dachstein. Witnesses administered first aid and alerted emergency services, but the man died from his injuries before surgery. Local prosecutors are investigating the circumstances of the attack, which is rare in Austria. The incident has highlighted the importance of following guidelines for hiking in areas with cow herds, such as keeping a distance and walking dogs on a short lead.

A federal judge blocked the Trump administration's effort to deport hundreds of unaccompanied migrant children to Guatemala, citing concerns that the children could face abuse or persecution. The administration had planned to send 76 children to Guatemala on Sunday, but the effort was halted after the judge issued a temporary restraining order. The lawyers for the children argued that the administration's actions were unlawful and inhumane, and that the children should be allowed to request humanitarian protection before being deported. The Trump administration has been seeking to make changes to how the U.S. processes unaccompanied children as part of its crackdown on illegal immigration.

Swiss food giant Nestlé has dismissed its CEO, Laurent Freixe, effective immediately, due to an inappropriate romantic relationship with a direct subordinate. The decision was made after an investigation found that the relationship violated Nestlé's code of conduct. Freixe had been CEO for a year and had worked his way up the corporate ladder since joining Nestlé in 1986. He will be replaced by Philipp Navratil, a longtime Nestlé executive who has held various roles within the company. Chairman Paul Bulcke stated that the decision was necessary to uphold Nestlé's values and governance.

Olympic gold medalist Imane Khelif is challenging the global boxing federation's decision to mandate gender testing for boxers. Khelif, an Algerian boxer, was banned from World Boxing competitions until she undergoes the test, sparking controversy after her gold medal win at the 2024 Paris Olympics. The Court of Arbitration for Sport (CAS) has received Khelif's appeal, which requests that she be allowed to participate in the 2025 World Boxing Championships without a test. CAS dismissed a request to suspend the testing mandate until the case is heard. Khelif was at the center of a gender eligibility controversy at the Paris Games, along with Taiwanese fighter Lin Yu-ting. The issue gained attention after Khelif's opening bout, which sparked criticism from various commentators.

The plane carrying European Commission President Ursula von der Leyen experienced GPS jamming over Bulgaria, suspected to be caused by Russian interference. The incident occurred during her four-day tour of EU nations bordering Russia and Belarus. Von der Leyen is a fierce critic of Russian President Vladimir Putin and Moscow's war in Ukraine. The EU spokesperson confirmed the GPS jamming and stated that the incident highlights the urgency of von der Leyen's mission. The Bulgarian government also issued a statement confirming the disruption of the GPS signal. Von der Leyen had previously stated that European nations have formulated plans for post-war troop deployments in Ukraine, with an expected 'American presence' as a 'backstop' to security guarantees.

Ukrainian President Volodymyr Zelenskyy announced that a suspect has been arrested in the shooting death of Andriy Parubiy, a pro-Western politician and former parliament speaker. Parubiy was shot multiple times by a gunman dressed as a courier on an e-bike in Lviv on Saturday. Zelenskyy condemned the killing as a 'horrific murder' and assured that all necessary forces and means would be used in the investigation. The suspect has made initial statements, but no details about the motive or the suspect's identity have been released. Parubiy was a prominent figure in Ukraine's pro-Western movement, having participated in the Orange Revolution and led self-defense units during the Maidan protests.

Bill Belichick's debut as North Carolina's head coach ended in a 48-14 loss to TCU, dampening the initial hype and excitement surrounding his arrival. Despite a promising start, the Tar Heels struggled to sustain their performance, leading to a blowout loss. Belichick acknowledged the team's shortcomings, citing the need for improvement in all aspects of the game. The loss was a jarring result, even considering the uncertainty surrounding the team's roster changes. The game was well-attended, with notable figures like Michael Jordan and Lawrence Taylor in attendance.

The article discusses Jordon Hudson's presence at Bill Belichick's debut game as the new head coach of UNC football team. Hudson, Belichick's girlfriend, was spotted on the sidelines and in a suite with NFL icon Randy Moss. The article also mentions the notable figures in attendance, including Michael Jordan and Lawrence Taylor. Additionally, it touches on the controversy surrounding Hudson's influence on Belichick's career and the Tar Heels' loss to TCU 48-14.

ESPN commentator Kirk Herbstreit was left stunned after unknowingly jinxing Bill Belichick's UNC team during a live broadcast. TCU Horned Frogs dominated UNC Tar Heels 48-14 in the season opener, which was nationally televised on ESPN. Herbstreit was about to praise UNC's defense when TCU's Kevorian Barnes ran 75 yards for a touchdown, extending TCU's lead. The game marked Belichick's first career game as a college football coach, drawing notable attendees like Michael Jordan and Lawrence Taylor. UNC struggled to contain TCU after a promising start, with the Horned Frogs scoring 20 unanswered points in the first half.

A 50-year-old woman from New York City, Nathalie Rose Jones, was arrested for making threatening social media posts against President Trump. Despite a previous judge denying her bond due to persistent threats, she was released under electronic monitoring by Chief US District Judge James Boasberg, who was appointed by Obama in 2011. Jones has a history of mental illness and was ordered to see a psychiatrist. She is currently awaiting trial on felony charges of threatening to kill the president.

President Trump plans to create a 'Presidential Wall of Fame' in the White House Rose Garden, featuring a portrait of former President Joe Biden created using an autopen, a device used to sign documents automatically. Trump hinted at this plan in an interview with the Daily Caller, sharing a mock-up of the portrait and predicting it would be controversial. The White House is currently investigating Biden's use of the autopen during his presidency. Trump also commented on Biden's dire prostate cancer diagnosis and his own plans to revamp the White House grounds during his second term.

The Powerball jackpot drawing on Monday night did not have a winner, causing the $1.1 billion prize to roll over to $1.3 billion for the next drawing on Wednesday night. The winning numbers for the Monday drawing were 8, 23, 25, 40, 53, and 5 as the Powerball. Although there was no jackpot winner, two players won $2 million and 10 players won $1 million. The last Powerball jackpot winner was on May 31. If a player wins the $1.3 billion jackpot, they can choose between a one-time payment of $589 million or annual payments of over $5 million for 30 years.

Chinese shipping companies are adapting to the impending introduction of steep new US port fees by collaborating with global partners, reducing their US exposure, and exploring regional market opportunities. The US plans to charge Chinese-linked vessels hefty fees to enter US ports, aiming to curb China's dominant shipbuilding industry. In response, Chinese shipping firms like Cosco Shipping Holdings and Orient Overseas International Ltd are diversifying their services, with a focus on emerging markets in Asia, Africa, and Latin America. Cosco Shipping Holdings reported growth in various services, including a 9.5% increase in Chinese mainland services and an 11.9% growth in other international services. The industry is undergoing 'unprecedented' changes as companies prepare for the new levies.

A Chinese research team has developed a compact, detergent-free washing machine for astronauts in space. The device uses mist and ozone to clean clothes with minimal water, addressing a significant challenge for astronauts who cannot wash their clothes in space. The machine is cube-shaped, weighs 12kg, and uses only 400ml of water per cycle to clean up to 800 grams of clothing. It employs ultrasonic atomisation to deliver water as an ultra-fine mist and uses ultraviolet light to produce ozone, a powerful disinfectant that sterilises clothes for up to five wears. This innovation is crucial for long-duration space missions where water is a limited resource.

The article highlights seven significant news stories from Asia, including Vietnam's island-building in the South China Sea, Filipinos using social media to expose the lavish lifestyles of 'nepo babies' linked to anomalous flood control projects, and Japan simulating a catastrophic Mount Fuji eruption. Other stories include the dominance of Singapore's PAP and more. These stories showcase the diverse and complex issues facing the region.

Elon Musk has expressed support for an anti-immigration rally in Japan, where a 'Japanese first' party gained popularity in recent elections. The rally, which demanded the deportation of illegal immigrants, was backed by Musk on social media. Musk's endorsement has raised concerns as he has previously supported far-right parties in other countries. The rally in Osaka featured protesters holding Japanese flags and banners opposing mass immigration.

South Korea's Unification Church, led by Han Hak-ja, is under investigation for allegedly bribing the wife of former president Yoon Suk-yeol in exchange for political favors. The church has denied any wrongdoing, with Han releasing a video statement claiming she never ordered any unlawful political solicitations or monetary transactions. Scholars are not surprised by the allegations, citing the church's history of 'courting politicians' as part of its 'business-religion complex'.

The article discusses China's upcoming Victory Day parade, where state media has hinted at the display of new variants of hypersonic missiles, specifically the YJ-21 and DF-17. The YJ-21, originally a sea-based missile nicknamed an 'aircraft carrier killer', is expected to be showcased in an air-launched variant. Military commentator Wei Dongxu suggested that these missiles will have enhanced penetration capabilities and versatility across different combat scenarios. The parade is set to mark the 80th anniversary of China's victory in World War II and is expected to feature new weaponry.

Czech opposition leader and former prime minister Andrej Babis was hit in the head with a metal crutch during an election rally in Dobrá, a town 376km east of Prague. Babis was taken to hospital for tests and discharged shortly after. A woman was also treated in hospital following the incident. The assailant was detained by police, and the motive remains unclear. The attack has been widely condemned, with Babis's party blaming the government for a campaign of hatred on billboards and social media. Prime Minister Petr Fiala wished Babis a speedy recovery and stated that violence has no place in politics. The incident occurred just before the general elections on October 3 and 4.

Graham Greene, a Canadian First Nations actor known for his roles in films such as Dances With Wolves, has died at the age of 73. Greene's career spanned multiple decades and included notable performances in films like Thunderheart, The Green Mile, and Wind River. He received an Academy Award nomination for Best Supporting Actor for his role in Dances With Wolves and was recognized with numerous awards for his contributions to the film industry.

A flotilla of 20 boats carrying 350 pro-Palestinian activists, including climate change campaigner Greta Thunberg, has departed from Barcelona headed for Gaza. The mission aims to 'break Israel's illegal siege on Gaza' by delivering medical and food supplies. The flotilla had attempted to set sail on Sunday but returned to port due to stormy weather. Israeli authorities have previously intercepted similar aid flotillas and characterized them as publicity stunts. The activists hope to converge in the Mediterranean and sail towards Gaza, a journey estimated to take 7-8 days.

The International Association of Genocide Scholars (IAGS) has declared that Israel is committing genocide in Gaza, citing widespread attacks on healthcare, aid, and educational sectors, as well as statements by Israeli leaders dehumanizing Palestinians. The IAGS resolution notes that Israel's actions meet the legal definition of genocide as laid out in the UN convention. Israel has denied the allegations, claiming its actions are justified as self-defense. The UN's top court is currently considering a case brought by South Africa arguing that Israel is committing genocide.

Russian President Vladimir Putin stated that he reached 'understandings' with US President Donald Trump regarding the end of the Ukraine war during their meeting in Alaska last month. Putin defended his decision to invade Ukraine, blaming the West for the conflict. The comments come as Russia continues its attacks on Ukraine, with recent large-scale aerial assaults. Trump had set a deadline for Putin to agree to peace talks with Ukrainian President Volodymyr Zelensky, brokered by Trump. US Special Envoy Steve Witkoff claimed that Putin agreed to security guarantees for Ukraine as part of a potential peace deal, though Moscow has not confirmed this.

The British pub industry is facing a crisis with one pub set to close every day in 2025 due to rising costs and reduced consumer spending. The industry is calling for urgent action to cut business rates and VAT to prevent further closures. The sector provides a significant economic contribution to the UK, supporting over £30 billion in revenue and one million jobs. Pub owners are struggling to maintain profitability due to increased costs, including higher National Insurance contributions and business rates. Some have been forced to pass on these costs to customers, leading to higher prices for beer and other drinks.

Pickleball is gaining popularity in China, with online sales of related equipment increasing by more than six times compared to last year. The sport is being driven by social media influencers and the resurgence of tennis in China. The Professional Pickleball Association (PPA) held its first 'Hong Kong Open' competition as part of the inaugural PPA Tour Asia. The growth of pickleball in China has different business implications compared to the US, with courts being built by businesses operating for profit. Challenges exist for foreign brands and organizations to tap into the trend due to language barriers and the unique WeChat ecosystem. Despite this, experts are confident about a pickup in consumption in the second half of this year into 2026.

The article discusses the historical trend of September being a challenging month for stock market rallies, citing data from CNBC's analysis of FactSet data. Despite positive momentum in August, the S&P 500, Stoxx 600, and MSCI World Index have historically performed poorly in September. The article highlights that after a positive August, the S&P 500 has ended September in negative territory 56.4% of the time, and the Stoxx 600 has seen declines during 67% of the time. However, the MSCI World Index has shown a more optimistic picture, with September gains during 55% of instances after a positive August. The article notes that while past trends are not a guarantee of future performance, investors will be weighing these historical headwinds against macroeconomic factors such as inflation and central bank interest rate policy. Many equity strategists believe that a rate cut by the Federal Reserve in September could boost stocks and reverse the historical trend.

A new study reveals that aid intended for civilians in conflict zones is frequently stolen by terror groups and dictators, prolonging global conflicts. Researchers found diversion 'at every stage of the supply chain' in countries such as Somalia, Ethiopia, Syria, Yemen, Sudan, and Afghanistan. The United Nations and other aid groups have been accused of looking the other way or failing to report diversion to donors. In some cases, aid is siphoned off by combatants, local 'gatekeepers,' or corrupt officials. The study suggests that only a fraction of aid reaches those in need, with estimates ranging from 12.5% to 60% in different conflict zones.

The European Commission president, Ursula von der Leyen, accused Russia of jamming the GPS system of her plane while it was flying over Bulgaria. The incident occurred during her tour of EU nations bordering Russia and Belarus. A European Commission spokeswoman confirmed that the plane landed safely in Plovdiv airport and stated that the Bulgarian authority suspected Russian interference. The incident has highlighted the need for increased defense spending and readiness in Europe. Von der Leyen has been skeptical of President Donald Trump's efforts to work with Russian President Vladimir Putin toward peace in Ukraine.

Venezuelan President Nicolás Maduro has accused the United States of seeking a regime change in his country amid a naval buildup in the Caribbean. The US military deployment, authorized by President Donald Trump, aims to disrupt drug cartel activity. Maduro claims the buildup is an intervention in Venezuela's affairs and a threat to its sovereignty. The Trump administration has accused Maduro of engaging in drug trafficking and has offered a $50 million reward for information leading to his arrest and conviction. The US will patrol international waters around Venezuela to stop cartels.

The Belgian government has announced that it will officially recognize the State of Palestine at the UN General Assembly this month. Foreign Minister Maxime Prevot stated that Belgium will join other countries such as the UK, France, Canada, and Australia in recognizing a Palestinian state. Additionally, Belgium will introduce "firm sanctions" against the Israeli government, including a ban on imports from West Bank settlements and possible judicial prosecutions. The announcement comes as the UN General Assembly session in New York is set to begin on September 9. The move is seen as a significant development in the ongoing Israeli-Palestinian conflict, with 147 out of 193 UN member states already recognizing Palestine as a state. The decision is also seen as a response to the ongoing war in Gaza, which has resulted in significant humanitarian casualties.

Media organizations worldwide have united to condemn the killing of journalists in Gaza, calling for an end to the violence and demanding free access for foreign media to report on the conflict. Since October 2023, 220 journalists have been killed in Gaza, according to Reporters Without Borders (RSF). The campaign also seeks the evacuation of journalists wishing to leave Gaza and an end to impunity for crimes committed by the Israeli army against Palestinian journalists. The international community is urged to act to protect journalists and ensure accountability.

A flotilla of dozens of boats carrying aid for Gaza set sail from Barcelona on September 1, 2025, after being forced to return to port due to stormy weather. The Global Sumud Flotilla Mission includes pro-Palestinian activists such as Greta Thunberg and Liam Cunningham, aiming to break Israel's naval blockade and deliver humanitarian supplies to the Gaza enclave, which has been devastated by nearly two years of war. Israel maintains that the blockade is necessary to prevent weapons smuggling to Hamas.

The article discusses the remaining comfort women survivors in Asia, 80 years after being forced into providing sexual services to Japanese Imperial Army troops during World War II. The survivors, mostly in their 90s, continue to demand closure and justice, with the issue remaining a contentious topic between South Korea and Japan. The article highlights the stories of the survivors, the historical context, and the ongoing efforts to seek justice and recognition.

The article discusses North Korea's involvement in the Ukraine conflict, with a focus on why Kim Jong Un has sent troops to Ukraine. Hyun-Seung Lee, a North Korean defector living in the US, shares his insights on the matter. Lee was conscripted into the North Korean army at 17 and experienced harsh conditions. He believes that North Korean soldiers fighting in Ukraine will gain valuable experience. The article also features Jean Lee, a journalist who worked in North Korea, who discusses the long-standing relationship between Russia and North Korea, and how the current involvement in Ukraine fits into Kim Jong Un's geopolitical ambitions. The conversation touches on North Korea's expanding arms production, its implications for Kim's nuclear ambitions, and the strengthening of an autocratic alliance.

Mass protests in Indonesia over perks and benefits given to lawmakers have resulted in at least 20 people missing and six killed. The protests, which began on August 25, have been marked by violence, with police using teargas and water cannon against demonstrators. The government has promised to investigate the use of force by police and the killing of a motorcycle taxi driver during a protest. President Prabowo Subianto has ordered the military and police to take firm action against those involved in burning and looting.

North Korean leader Kim Jong Un traveled to Beijing in his signature armored green train to attend China's military parade. The train, used by generations of Kim's family, is a symbol of the dynasty and has been the subject of intrigue. Kim was accompanied by senior officials, including Foreign Minister Choe Son Hui. The train is known for its heavy armor, slow speed, and luxurious amenities. Kim has used the train on several international trips, including a 2023 visit to Russia to meet with Vladimir Putin. The article highlights the train's history, features, and significance in North Korean culture.

Utah's housing market is one of the priciest in the country, making it difficult for young people to buy homes. Governor Spencer Cox set a goal to build 35,000 lower-cost starter homes in five years, but progress has been slow. Despite new incentives, few developers have signed on to build smaller homes. Housing experts say bolder changes, such as changing zoning laws, are needed to create more affordable housing. One developer, Jed Nilson, has taken up the challenge and is building starter homes in Plain City, Utah, with prices starting at around $370,000. However, even these homes may not be affordable for many, and the state's efforts to address the issue are ongoing.

The Trump family's cryptocurrency venture, World Liberty Financial, had a lackluster launch on Monday, with its token, $WLFI, surging initially before losing most of its gains. Despite the tepid performance, the Trump family is still set to profit significantly due to an unusual insider arrangement with Alt5 Sigma Corporation, a Nasdaq-traded company. The Trump family controls about 22.5 billion $WLFI tokens, worth around $5 billion, and will receive a significant payment from the sale of tokens to Alt5. The arrangement has raised concerns about potential conflicts of interest and SEC investigation.