The Economic Times
Elections 2026Global Business / The Economic Times
New Zealands conservative coalition government will introduce legislation to ban children under 16 from using social media, with platforms facing fines of up to 10% of global revenue for non-compliance. The proposed law would require platforms to verify users ages using measures including account information, facial technology and digital identity documents.
Modern life's distractions make it easy to drift through routines. Kevin Ngo's quote highlights the cost of inaction on future goals. Ignoring personal ambitions today leads to dealing with unwanted circumstances later. This requires choosing between present discipline and future regret. Taking charge of your schedule builds the reality you want to inhabit.
Former Sangamon County sheriff's deputy Sean Grayson has died in prison. He was serving a 20-year sentence for the murder of Sonya Massey. Grayson's request for medical release due to advanced cancer was recently denied. His death occurred less than a month after the Prisoner Review Board's decision. Massey's family stated his death does not erase her unjustifiable loss.
California Attorney General Rob Bonta is expected to seek concessions from Paramount, including divestitures of some cable channels and safeguards keeping its movie studio separate from Warner Bros., before approving their proposed merger. California officials and Paramount are set to meet Monday to discuss potential settlement terms in the states antitrust lawsuit.
Quote of the Day: Difficult periods can feel endless, but pain is temporary and will eventually subside. Giving up ensures that the negative situation lasts forever, which is a significant consequence. Eric Thomas's quote emphasizes that temporary pain should not be mistaken for a permanent ending. Perseverance involves moving forward, which may include resting or changing plans. This approach allows for a better life rather than letting one painful period define everything.
Fewer than twenty commodity vessels transited the Strait of Hormuz over the weekend. Initial data showed four vessels crossed on Sunday and thirteen on Saturday. Overall traffic volumes remained suppressed in the week to August 21. Vessels aborted transit plans or switched routes after attacks occurred. Traffic remains well below normal levels and declining since the June peak.
Nancy Guthrie, aged 84, has mysteriously disappeared from her Tucson residence, sparking fears she may have been kidnapped for ransom. Authorities are dismissing unfounded online speculation surrounding her case. She was reported missing on January 31, 2026, the day after she returned home, with digital traces vanishing just hours later. An ex-FBI agent is challenging the conspiracy theories circulating on social media, urging for focused investigations.
Get ready, as the Powerball jackpot has surged to an estimated $81 million. The draw on Saturday revealed no jackpot winner, boosting the prize even further. Notably, a recent victory in Illinois saw one-point-zero-four billion dollars awarded. Players have the choice between receiving the winnings in annuity form or as a one-time cash payout, with tickets sold across forty-five states and other territories.
Iran's Ports and Maritime Organization warned vessels of future passage restrictions and potential confiscation. Authorized countries transiting the Strait of Hormuz will now pay service fees to Tehran. These fees cover maritime, environmental, and logistical provisions for passing ships. Iran stated the Strait of Hormuz remains closed until US behavior changes. US President Donald Trump reiterated claims of US control over the waterway.
Luis Manuel Aviles, a father of a US Navy sailor, faced detention by immigration authorities in Florida. With nearly twenty years of residence in the US, Aviles's son, Joshua, is deployed on the USS Abraham Lincoln in the Middle East. Joshua shared his heartbreak regarding his father's predicament, as immigration officials reaffirmed that military service cannot shield individuals from immigration laws.
Robin Sharma's insightful quote underscores the journey of new ideas from mockery to respect. His teachings promote the values of courage, resilience, and patience in pursuit of remarkable achievements. In his acclaimed works, including 'The Monk Who Sold His Ferrari', Robin delves into themes of purpose and finding inner tranquility. He champions leadership devoid of titles and emphasizes the necessity of consistent daily practices, aiming for discipline and relentless self-improvement.
KPMG Australia plans to cut about 5% of its workforce, affecting 27 partners and around 360 employees, mainly in consulting and business services. The firm reported a 1% decline in annual revenue to A$2.257 billion as government consulting demand weakened, while warning subdued economic growth could persist until 2028.
US Treasury Secretary Scott Bessent, who is scheduled to hold a press conference at 2 p.m. EDT (1800 GMT) on Monday, has threatened to impose he toughest sanctions in history on Iran. US President Donald Trump has also threatened sanctions against countries trading with Iran.
Gold prices have surged to a three-month high, driven by investor anticipation for upcoming US inflation data. The speech by Federal Reserve Chair Kevin Warsh is also a focal point, likely influencing interest rate outlooks. Furthermore, Poland's central bank has expanded its gold reserves, reflecting increased demand from the official sector.
Oil prices experienced a decline as investors braced for impending U.S. sanctions aimed at Iran. With these sanctions likely to create further disruptions in oil supply routes across the Middle East, anticipation builds. U.S. Treasury Secretary Scott Bessent is poised to unveil the most stringent sanctions to date. Meanwhile, Iran's leadership is split between choosing to de-escalate or confront these challenges. The impact of U.S.
A strong message came from Iran's security chief, cautioning nations that support the freshly imposed US economic measures. President Pezeshkian defended a recent memorandum as a hopeful step ahead. Although the Strait of Hormuz remained calm, fresh transit restrictions were unveiled. Pakistan's army chief plans a trip to Tehran to facilitate discussions on de-escalating tensions. Concurrently, reports detailed incidents of execution and violence arising in the West Bank and Gaza.
Trump, Melania, Rubio, Hegseth attend Freedom 250 Grand Prix Indy Car race takes off in Washington
Actress Shelley Fabares, celebrated for her television work, passed away on Saturday. She was widely recognized for her roles on The Donna Reed Show and Coach. Fabares also had a notable music career, achieving chart success with Johnny Angel. She bravely navigated significant health challenges, including a liver transplant. Her family remembers her for her kindness, wit, and courageous spirit.
On Sunday, in a post on X, Wali said the audio contained explosive evidence and claimed that Brar admitted his gang had ordered Nijjar's killing, alleging that the assassination was driven by an inter-gang feud.
A fast-moving, wind-driven wildfire near Reno, Nevada, has forced about 42,000 people to evacuate, while another 45,000 have been urged to prepare to leave. The Hawk Fire has burned 15,040 acres, destroyed some homes and injured six people. Officials declared a state of emergency as the blaze threatened residential areas.
Las Vegas Raiders running back Ashton Jeanty sustained an apparent right leg injury during practice. He went down awkwardly while diving for an underthrown pass from quarterback Kirk Cousins. Trainers assisted Jeanty off the field, and he could not place weight on his leg. Rookie running back Mike Washington Jr. stepped in to handle first-team snaps after Jeanty's departure.
Dengue mosquito control: A simple coating on household water containers reduced dengue cases by forty-five percent in Colombia. This inexpensive treatment targets mosquito breeding sites and remains effective for over twelve months. Researchers found a significant reduction in mosquito larvae and pupae in treated areas.
A plant near Hebri, India, converts cashew processing waste into biofuel and biochar. This facility now processes nearly two thousand metric tons of cashew residues monthly. The resulting biofuel can power industries like shipping and heavy manufacturing. Biochar produced also helps improve soil quality and retain moisture effectively.
Quote of the day by Britney Spears: Britney Spears' quote highlights the difficulty of maintaining happiness under public observation. She suggests people often criticize those who appear consistently successful and happy. This reflects the challenges public figures face with constant judgment and opinions.
Atletico Madrid secured a dramatic 2-2 draw against Villarreal after falling behind. Giuliano Simeone scored a late equalizer for his father's team. The match featured two penalties and a red card for Atletico's Robin Le Normand. Julian Alvarez faced boos from Atletico supporters amid transfer speculation. The team showed resilience to escape defeat in a chaotic contest.
White House Press Secretary Karoline Leavitt is stepping down from her daily duties. She will now focus on her growing family and personal commitments. Leavitt will transition to a key outside advisor role for the administration. She will concentrate on party messaging and grassroots engagement efforts. This move follows her historic tenure as the youngest press secretary.
Quote of the day by Immanuel Kant: Immanuel Kant's insightful quote champions the value of independent thought and the importance of utilizing one's reasoning abilities. It advocates for a culture of inquiry, where individuals are encouraged to critically assess information instead of accepting it blindly. This philosophy fosters intellectual liberty and empowers individuals to make informed decisions. Ultimately, it inspires a courageous pursuit of knowledge through diverse learning experiences
Ukraine proposed a Black Sea grain corridor truce, but Russia rejected it. Moscow demanded guarantees against strikes on its energy infrastructure. President Zelenskyy ruled out holding wartime elections due to constitutional and practical challenges. Attacks on commercial ships and ports raise fears about global grain supplies. Ukraine's grain exports have significantly decreased since early August.
The Kuki-Zo Council has demanded a Census exercise in Manipur. They argue an impartial Census is essential to establish facts and dispel claims. The council stated no group can unilaterally decide NRC timing or implementation. Nagas and Meiteis have been demanding NRC before the 2027 Census. The chief minister assured support for NRC implementation in Manipur.
Trade talks between Washington and Ottawa have suddenly collapsed, imposing significant import tariffs. American consumers now face higher prices on various everyday items and spirits. Sports equipment and niche machinery imports are also experiencing substantial cost increases. Grocery shoppers will notice inflation on dairy and agricultural products. Canada has responded with retaliatory measures, freezing regional trade.
Canada-US tariffs: Canadian Prime Minister Mark Carney says Canada was attacked and is at war with the US over trade as President Donald Trumps 50% tariffs trigger a fresh economic showdown. Carney further panned the Trump administration for trying to pressure Canada into a bad deal. Canada plans dollar-for-dollar retaliation starting September 8.
Quote of the day by Nicki Minaj: Nicki Minaj's quote highlights how success can change perceptions and relationships. People often support others until competition becomes apparent and threatening. Her words encourage continued ambition despite potential negative reactions from others. Minaj, born in Trinidad and Tobago, is a renowned rapper and actress.
A 70-year-old family-run Canadian honey farm is facing a potential financial crisis after the United States imposed a 50% tariff on Canadian goods, including natural honey. With around 90% of Podolski Honey Farms production sold to American customers, general manager Osee Podolsky says the new duties could make exports unviable and push the Manitoba business toward bankruptcy.
Chinas 'Tiangong' beats its own 400m record, outpacing South African robot at Robot Olympics
Trump LIVE: President attends Freedom 250 Grand Prix in Washington
Billionaire Ken Griffins $238 million Manhattan penthouse at 220 Central Park South is one of the most expensive homes ever sold in the US. The sprawling 23,000-square-foot Billionaires Row residence features 16 bedrooms, 17 bathrooms, five balconies and stunning Central Park views. Underneath the building is a parking space for up to 64 vehicles, costing $750,000 per space.
In a birth chart, the second house is traditionally associated with personal income, possessions, spending habits and values. The eighth house, by contrast, relates to shared finances, debt, taxes, investments and financial responsibilities involving others.
Quote of the day by Ana de Armas: Cuban actress Ana de Armas shared a quote about comfort and familiarity. She noted that familiar places offer instant reassurance and a sense of belonging. Life changes can be overwhelming, but returning home provides relief and stability. De Armas' career began in Spanish-language films before her Hollywood breakthrough.
The message of Aug. 24 isn't necessarily about sudden luck. Instead, these Chinese Zodiac Signs may benefit from recognizing where they have been making life harder than it needs to be.
'Get him out of there!': Jeffrey Sachs unloads on Trump in brutal warning
Taylor Swift possesses a real estate portfolio valued over one hundred million dollars. Her properties span Pennsylvania, Nashville, New York, Rhode Island, and California. These homes represent different stages of her successful music career. From a Nashville penthouse to a Rhode Island mansion, each property holds significance. This collection solidifies her status as a prominent real estate investor.
Mars in Cancer may bring stronger emotions, but those emotions can also reveal exactly where change is overdue.The three Zodiac signs may feel especially driven to protect their interests, but the broader message applies to everyone: it is worth considering where their time, attention and energy are being invested.
Quote of the day by Will Smith: Actor Will Smith advises against holding onto anger after mistreatment. He suggests trusting a higher power to handle wrongdoings by others. Hate and resentment can consume the person harboring them, impacting their well-being. Protecting personal peace is often more important than seeking revenge.
The letter was signed by Michael Atherton, Alex Blackwell, Allan Border, Michael Brearley, Greg Chappell, Ian Chappell, Belinda Clark, Alastair Cook, Michael Gatting, Sunil Gavaskar, Kapil Dev, Lee Germon, Adam Gilchrist, David Gower, Kim Hughes, Nasser Hussain, Clive Lloyd, Arjuna Ranatunga, Andrew Strauss, Dilip Vengsarkar, Steve Waugh and John Wright.
Two teachers and a 15-year-old student drowned in a pool beneath a waterfall near Ratlam, Madhya Pradesh, on Sunday, while three other students were rescued and hospitalised, police said.
Aston Villa faces potential player exits as Ollie Watkins attracts significant transfer interest. Goalkeeper Emiliano Martnez has also expressed a desire for a new challenge this summer. The club has already turned down multiple offers for striker Ollie Watkins from Al Hilal. Manager Unai Emery confirmed the team is preparing for Martnez's potential departure. Aston Villa is actively involved in the transfer market with about ten days remaining.
Kazakhstan on Sunday voted in its first elections for the 145-member Kurultai, the countrys new unicameral Parliament created under a Constitution that took effect on July 1. Voters chose from seven registered party lists in a single nationwide constituency.
West Bengal is set to unveil Arjun Vahini, its new disaster management force, starting operations in September. This strategic response is a direct reflection of lessons learned from previous disasters and cyclones. The state will provide advanced equipment and vehicles for the unit, aiming to recruit ex-servicemen and Agniveers. With this move, the government seeks to bolster disaster preparedness and response capabilities across the region.
Billionaire and Amazon founder Jeff Bezos once asked ace investor Warren Buffett why more people don't follow his simple investment strategy. Buffett's get-rich-slowly answer stayed with Jeff Bezos, whose latest $7 billion Liverpool FC investment reflects a similar long-term approach to building value. A consortium including Jeff Bezos has agreed to buy a minority stake in Liverpool FC.
Bathroom tiles can quickly lose their luster due to the accumulation of residue and grime. To restore their shine, use white vinegar to eliminate water stains and mineral deposits. Baking soda paste is excellent for stubborn grime, while dishwashing liquid tackles soap scum effectively. Utilize an old toothbrush to scrub tile grout, and make a habit of wiping tiles dry after showers.

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