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US President Donald Trump has ordered a substantial reduction in US participation in joint military exercises with South Korea, citing their cost and his relationship with North Korean leader Kim Jong Un. Seoul, however, says the Ulchi Freedom Shield exercise has begun as scheduled. US-South Korea drills face Trump-ordered reduction Trump

Former Iranian president Mohammad Khatami has urged a more measured diplomatic approach as the Iran war continues to strain daily life, governance and the economy. His remarks add to a widening Iran war debate between hardliners seeking prolonged resistance and officials who see negotiations as part of an eventual exit. Khatami Iran diplomacy call focuses on cost of war Khatami warned that Iran

America's US open-weight AI push is accelerating as Meta and Nvidia introduce new models within days of each other. The releases arrive as Chinese developers, led by Moonshot AI and its massive Kimi K3 model, have gained significant momentum in downloadable and customizable AI. Meta AI model puts open weights back at center Meta launched M

Anthropic is moving closer to Wall Street with a reported $47 billion annualized revenue run rate and expectations of its first quarterly operating profit. The Anthropic IPO now gives public-market investors an early chance to test whether frontier AI can combine extraordinary growth with improving economics. Anthropic IPO moves deeper into Wall Street process Anthropic confirmed in early June

Four Renaissance artworks attributed to Antonello da Messina have been stolen in a daring Sicily museum theft during Ferragosto. The Antonello art heist targeted works of enormous cultural importance, including three surviving panels from the celebrated San Gregorio Polyptych. Sicily museum theft targets Renaissance treasures Thieves enter

The India-Mauritius DTAA Protocol has moved closer to implementation after Mauritius approved its ratification, offering investors greater clarity on the PPT rule and legacy investments. The move also seeks to reinforce Mauritius FDI links with India while tightening safeguards against treaty abuse. PPT rule brings greater clarity to the tax treaty Mauritius' Cabinet on July 17 approved ratific

Ifest 2026 Schaumburg will bring culture, creativity and community service together on Saturday, August 15, at National India Hub in Schaumburg, Illinois. The free cultural fest will feature dance, music, fashion and multilingual performances while creating opportunities for people to connect. Schaumburg event celebrates cultures together Ifest 2026: A Celebration of Culture, Unity & Commun

US Vice President JD Vance says Vance Iran war goals now place affordable oil and gasoline for Americans at the top of Washington’s priorities, followed by preventing Iran from acquiring a nuclear weapon. His remarks also put renewed focus on the Strait of Hormuz and its impact on energy markets. Oil price goal moves to top of Vance’s priorities Speaking in a Fox News interview on August 13

Wall Street reached another milestone Thursday as the S&P 500 closed at a record high after softer US producer inflation eased fears of another Federal Reserve rate increase. Technology shares helped drive the Nasdaq higher as investors reassessed the Fed rate outlook ahead of its September meeting. S&P 500 high extends Wall Street rally The S&P 500 gained 0.65% on August 13 to fini

The United States is examining how Chinese artificial intelligence companies gain access to advanced Nvidia chips outside China, putting a new focus on cloud GPU use and overseas data centres. The US AI chip review highlights a growing challenge for export controls built mainly around physical hardware shipments. China GPU use shifts beyond physical chip exports The Bureau of Industry and Secur

Google is entering a major new chapter in artificial intelligence after a Google AI leadership shake-up changed the top of DeepMind while four prominent researchers left to create Discovery Loop. Demis Hassabis is moving into a broader scientific role as Jeff Dean ends a 27-year career at Google. DeepMind leadership reset changes Hassabis role Demis Hassabis is stepping away from the day-to-day

The United States has launched Task Force Falcon Strike, a new multinational attack drone initiative designed to operate unmanned systems above, on and below the sea. CENTCOM says the force will combine US capabilities with regional partners as Washington expands drone warfare across the Middle East. Attack drone force expands across multiple domains U.S. Central Command announced Task Force Fa

Europe has entered a new phase of artificial intelligence regulation as EU AI Act transparency rules under Article 50 began applying on August 2, 2026. The rules affect AI chatbot disclosure, AI-generated content marking, deepfake transparency and other forms of Europe AI compliance. AI chatbot disclosure rules take effect People interacting directly with certain AI systems in the European Unio

Iran has called for environmental protection to become part of any future Iran Strait of Hormuz arrangement after reporting oil pollution near Qeshm Island. Tehran says commercial shipping, energy consumers and other parties benefiting from the strategic waterway should share responsibility for environmental damage. Qeshm oil spill raises environmental concer

A Texas Apache helicopter crash has killed two US Army soldiers after an AH-64E based at Fort Hood went down near Salado on Wednesday. Military personnel and emergency responders remain at the scene as investigators work to determine what caused the aircraft to crash during Fort Hood operations. Salado crash kills two Fort Hood soldiers Fo

Karoline Leavitt will leave her position as White House press secretary at the end of August, President Donald Trump announced Wednesday. The high-profile Trump aide cited the demands of raising two young children but plans to remain connected to the president as an outside adviser ahead of the 2026 midterm elections. Karoline Leavitt exit follows family decis

A senior adviser to Iran's Islamic Revolutionary Guard Corps has suggested Tehran could prolong the Iran-US war until President Donald Trump leaves office, framing a lengthy conflict as a strategy to impose costs on Washington and strengthen Iranian deterrence. Mohammad Reza Naqdi made the remarks during an interview with PBS. IRGC adviser outlines war attriti

The total solar eclipse 2026 delivered a dramatic celestial spectacle on August 12 as the Moon's shadow crossed Greenland, Iceland and northern Spain. Millions across Europe watched varying phases of the eclipse, while India missed the event because it occurred after sunset there. Spain witnesses total solar eclipse 2026 Spain became one o

Spain has firmly rejected Morocco's renewed sovereignty claims over Ceuta and Melilla, declaring that the status of its two North African enclaves is not open to negotiation. The dispute has resurfaced only weeks after a massive migrant crossing into Ceuta intensified tensions along the Spain-Morocco border. Spain sovereignty stance rules out negotiations

Panama Canal shipping costs have surged as global maritime disruption and tighter water conditions squeeze one of the world's most important trade routes. The Seaspan Benefactor reportedly paid about $4 million for priority transit as some vessels faced waits of roughly 10 days. Canal congestion pushes auction prices sharply higher The Seaspan Benefactor, a container ship with capacity of roughly 10,000 TEU, reportedly paid about $4 mill