The Economic Times
Elections 2026Global Business / The Economic Times
The World War Two memorial in Washington was vandalised with soap and graffiti. Police and National Guard troops responded to the desecrated sacred place of remembrance. Investigators are working to identify the individuals responsible for this unacceptable act. The Interior Department stated the vandalism will not be tolerated by authorities. This incident occurred while the United States grapples with national pride and unity.
In a bizarre turn of events, a student orchestrated his own abduction as a means to settle online gaming debts. Crafting an AI-generated image, he sent alarming ransom texts to his father. Swift police investigation located the teen at a friends residence within mere hours. Confronted by authorities, he confessed to concocting the scenario under intense pressure. He was returned home safely after a thorough questioning process.
The iPhone X has officially become an obsolete product for Apple. This device established a premium design language for subsequent iPhone generations. Apple is now reportedly planning a major redesign for the iPhone's 20th anniversary. The 2027 models may feature a new glass-heavy design with curved edges.
WhatsApp offers a date search feature to locate old messages. This tool allows users to jump directly to a specific conversation day. The process varies slightly across Android, iPhone, and web platforms. Users can also search for keywords and media within chats. This feature saves time when recalling past conversations or shared content.
Indoor air quality is vital for maintaining a healthy home environment. Experts suggest being vigilant for signs of air quality deterioration and recommend testing if needed. If chronic symptoms improve when leaving home, it may signal indoor air issues. Testing techniques vary with the type of contaminants. For homeowners, tracking carbon dioxide, PM2.5, and VOCs can provide valuable insights into air quality.
Australian saying of the day: The Australian saying As happy as a dog with two tails describes extreme joy. This colorful expression uses an amusing picture to convey strong feelings of happiness. Imagining a dog with two tails creates an exaggerated image of pure delight. The saying remains relevant as it offers a refreshing way to describe emotions. It highlights how humor effectively communicates feelings in everyday conversations.
Quote of the Day by Margaret Wise Brown: Modern childhood seems devoid of the serene moments necessary for self-reflection. Margaret Wise Brown believed that quietness is crucial for enhancing a child's awareness and perception. It is during unstructured time that creativity thrives, giving way for compelling stories to unfold. This tranquil space is vital for children to delve deep into their thoughts. Parents should appreciate that these silent interludes are not wasted time but fertile ground
Researchers studied why drivers shout and curse at strangers in traffic. This research earned them an Ig Nobel Peace Prize in 2018. Many drivers admit to aggressive outbursts when reacting to others. Stress and fatigue also contribute to drivers losing their temper. The study highlights road rage as a serious safety concern.
Chinese AI firm Z.ai has launched its new GLM-5.3 model. This release intensifies competition with OpenAI and Anthropic. The model offers improved coding capabilities and open access for developers. Chinese AI companies are narrowing the performance gap with US rivals. Z.ai aims to attract users with its permissive licensing approach.
Susan Sontag, an influential American writer, advocated for deeper attention in life. She urged people to look harder and remain curious about the world. Her message remains relevant today amidst constant distractions and information overload. Sontag believed paying attention connects us with others and fosters vitality. This approach encourages a more engaged and meaningful experience of existence.
Quote of the day by Rachel Carson: Renowned for her contributions as a marine biologist and conservation advocate, Rachel Carson emphasized the oceanic realm and the perils posed by pesticides. Her influential book, 'Silent Spring,' catalyzed vital discussions about environmental protection. Carson's pioneering efforts have left a lasting imprint on the modern environmental movement, echoing strong messages about ecological preservation to this day.
Ursula K. Le Guin viewed love as an active creation, not a fixed object. Her famous quote compares love to bread, which must be continually made. This perspective challenges romantic notions of love as something that simply exists. Le Guin, a celebrated author, explored societal and human nature themes in her works. Her enduring legacy continues to influence writers and readers across various genres.
Zadie Smith's quote reminds us that our actions will always remain with us. Life moves quickly, and decisions can have lasting effects beyond the immediate moment. Ordinary situations illustrate how conversations and choices influence relationships and future opportunities. Understanding this concept gives everyday decisions greater importance and impact. We live with the results of our actions, which become part of our ongoing stories.
A group of researchers undertook a unique crocodile experiment to investigate arousal's effects on gambling behavior. Contrary to expectations, they found that increased arousal did not lead to raised bets across the board. Instead, recreational gamblers opted to lower their stakes, while at-risk gamblers showed mixed responses based on their emotional well-being. This study brought to light the intricate dynamics at play in electronic gaming machine interactions.
If you already have an Apple TV subscription, there is some good news. You can now watch a selection of popular Hollywood movies without paying extra to rent or buy them.Apple has added a collection of older hits to its streaming catalogue, including The Martian, Arrival, Titanic, The Sixth Sense and Gone Girl. The movies are available through a new Great Movies Available Now on Apple TV section in the Apple TV app.For viewers who usually have to rent these movies separately through the Apple TV
Severe storms have left over 360,000 homes and businesses without power. Indiana experienced the most significant impact, with over 215,000 customers losing electricity. Northern Indiana Public Service Co. expects most restorations by August 18. Illinois also faced substantial outages, with Commonwealth Edison Company working on repairs. Duke Energy reported significant progress in restoring power to the Greater Cincinnati area.
Psychology explains why diamonds appeal to women: Diamonds can mean more than beauty and luxury. For many women, diamond jewelry may represent confidence, personal style, special memories or important life moments. Psychology and consumer research suggest that possessions can help people express identity, relationships and achievements. Studies on luxury consumption also show that distinctive products can influence how people see themselves and how others perceive them.
Nagoro, a remote Japanese village that has lost about 90% of its residents, has found an eerie way to preserve its vanished community. Since the early 2000s, artist Tsukimi Ayano has created more than 350 life-size dolls modelled on people who died or moved away, filling the village with their likenesses.
Sailors of the USS Abraham Lincoln have faced an arduous deployment, surpassing 250 days with over 200 days at sea without making port calls. Reports indicate a troubling situation marked by supply shortages and growing mental health issues among the crew. However, defense officials deny such severe distress, claiming misinterpretations of the conditions.
Johannes Kepler faced a difficult challenge defending his mother from witchcraft accusations. His mother, Katharina Kepler, was imprisoned and faced torture for alleged sorcery. Kepler halted his astronomical work to hire lawyers and secure her release. He presented a strong defense, challenging the prosecution's baseless claims. Katharina was eventually freed after a six-year ordeal and died the next year.
Nigel Farage secured his parliamentary seat in the Clacton by-election. A comedian's significant vote share highlighted challenges for Farage's party. This victory occurs as Reform UK's poll numbers show signs of slowing. Ongoing investigations into Farage's financial declarations continue to cast a shadow. The result raises questions about Reform UK's national momentum.
Aluminum pans can become blackened due to heat and food residue. Proper cleaning techniques can restore their original luster and appearance. Baking soda and salt are effective natural cleaning agents for stubborn stains. Rinsing and thoroughly drying pans prevents future discoloration and damage. Following a few easy steps can easily ensure that your aluminum cookware remains in good condition.
Three Russian men robbed a Canadian Pacific train in Alberta during 1920. The robbers escaped with little money and valuables, triggering a manhunt. Two robbers and two police officers died in a shootout five days later. The third fugitive was eventually captured years later in Montana. A stolen pocket watch helped authorities track down the final robber.
Kuwait's oil exports have plummeted due to the ongoing war and Strait of Hormuz closure. The nation faces its biggest crisis since the 1990 invasion, impacting its economy significantly. Kuwait Petroleum Corporation declared force majeure after drone strikes hit its headquarters. The country's economy contracted by 4.6 percent in the first quarter of 2026. Restoring oil production hinges on the safe reopening of the vital shipping lane.
SpaceX shares have surged significantly after a major lockup expiration. Early investors were permitted to sell millions of shares on August sixth. The stock price has climbed thirty-five percent in just five trading sessions. This rise has added approximately five hundred billion dollars in market capitalisation. Investors now feel optimistic about future stock lockup expirations.
Viktor Frankl's quote encourages living as if making a second attempt. This perspective fosters greater consciousness of current decisions and their consequences. It offers a constructive way to learn from past actions and improve future outcomes. Frankl's ideas emphasize meaning and responsibility even in difficult circumstances. His philosophy remains relevant for navigating modern life's rapid pace.
Quote of the day by Hannah Arendt: Hannah Arendt, renowned for her significant contributions to 20th-century philosophy, dissected the 'banality of evil', suggesting that ordinary individuals can engage in heinous acts devoid of malicious intent. Her analysis traversed totalitarian regimes, urging the necessity of critical thought and ethical decision-making. Arendts insights inspire a continuous dialogue about questioning authority and recognizing individual accountability, cementing her legacy
Gold and silver prices declined on the MCX as investors booked profits after a sharp rally, with silver falling Rs 5,000 over two days and gold down Rs 2,600 per gram. Analysts expect near-term profit booking in gold, while silver could move towards Rs 2,40,000 per kg amid strong investment demand and geopolitical uncertainty.
In a devastating weather event, heavy rains in eastern Japan have claimed four lives, while one person is reported unresponsive. The torrential rain has unleashed significant flooding, triggering high-level emergency alerts. Flooded roads have inundated neighborhoods, necessitating urgent safety measures and evacuation orders for countless residents. Thousands are also grappling with power outages, compounding the challenges posed by this severe weather adversity.
Bill Bryson quote of the Day: Bill Bryson captures an inspiring truth about our existence, urging us to marvel at the unlikelihood of life itself. He suggests that our modern-day busyness often distracts from the extraordinary nature of simply being alive. Bryson's insights, rooted in his personal journey, remind us to cherish the present and recognize the beauty surrounding us in every moment.
Goldman Sachs is negotiating with investors for Nvidia's massive AI financing initiative. U.S. insurers and money managers will likely form the core investor base. This plan aims to raise over $500 billion for AI infrastructure development. Nvidia's CEO approached Goldman Sachs with this innovative financing idea. The structure aims to create an asset-backed market for AI compute.
Fitch has affirmed the United States sovereign credit rating at AA+ with a stable outlook, citing its large economy, high per-capita income and the dollars reserve-currency status. The agency expects US growth to slow to 1.9% in 2026-27, while inflation, weakening job creation and elevated fiscal deficits remain concerns.
The United States plans to intensify economic pressure on Iran next week, with Treasury Secretary Scott Bessent warning of measures unprecedented in the history of economic isolation. The move comes as ceasefire talks falter, Washington maintains its naval blockade and tensions around the strategically vital Strait of Hormuz continue to escalate.
The Seto people celebrate their unique culture annually in Estonia. This kingdom day preserves their traditions, language, and distinct identity. Seto culture blends ancient beliefs with Orthodox Christianity, which is evident in their practices. Traditional leelo singing is a vital part of their heritage, passed down through generations. Young Setos actively work to ensure their culture remains relevant for everyone.
Gold prices experienced a dip on Friday, retreating from a recently established two-month peak, driven by mild U.S. inflation figures that tempered expectations for a September Federal Reserve rate hike. Nonetheless, central banks exhibit persistent enthusiasm for gold, bolstering its market stability. Price drops were observed across other precious metals, including silver, platinum, and palladium, as investors await critical economic data releases from the EU and the U.S.
Oil prices edged higher on Friday amidst fresh supply anxieties, largely sparked by the U.S.'s warning of a possible indefinite naval blockade against Iran. This development has reignited fears about crude oil supplies on the global stage. However, forecasts indicating reduced growth in demand provided some stabilization. Compounding the situation, two ships were attacked in the Strait of Hormuz the previous evening.
A 24-year-old female biker from Mumbai named Riddhi Thakkar died after her motorcycle collided with a trailer truck. The accident occurred on National Highway 30 near Markatola Ghat in Chhattisgarh. She was traveling with a group of bikers towards Bastar when the truck crossed lanes. Riders and locals assisted her, and she was taken to a hospital. Doctors declared her dead on arrival, and police are searching for the truck driver.
Six people died and 14 were injured after water and debris entered an under-construction tunnel at the THDC hydroelectric project in Pipalkoti, Uttarakhands Chamoli district, on Thursday, officials said. Twenty of 22 trapped workers were rescued, while information on the remaining two was unavailable.
The U.S. Court of International Trade on Thursday upheld Donald Trumps authority to end the de minimis tariff exemption for low-value imports from China, Mexico and Canada, ruling that the International Emergency Economic Powers Act allowed him to rescind the trade privilege. The decision marks a rare court victory for Trumps tariff agenda.
Quote of the day by Hillary Clinton teaches us that civilization is not simply what humanity builds around itself; it is also the standard by which humanity treats one another. A more peaceful and compassionate future will not be created by eliminating every difference. It will emerge when people learn to live with those differences without forgetting the humanity they share. In that sense, recognizing humanity in everyone is more than an inspiring ideal. It is a daily responsibilityand perhaps
El Nino is a phenomenon that occurs naturally, when weakening trade winds cause warmer ocean waters to build up in the central and eastern equatorial Pacific. This typically leads to higher global temperatures and altered weather patterns, bringing drought to some regions and heavy rainfall to others.
Ancient West Antarctica hosted a temperate rainforest approximately ninety million years ago. Fossil roots and pollen indicate dense vegetation grew near the South Pole. This forest experienced months of darkness annually, unlike modern rainforests. Scientists reconstructed a warm climate with high carbon dioxide levels.
Greenland's Petermann Glacier lost a large iceberg, its biggest since 2012. Scientists have monitored this glacier's floating ice tongue for seven years. Two more large ice islands are expected to break away soon. This calving event offers a rare chance to study Arctic ice formations. The detached ice mass could also create hazards for shipping operations.
South Korean women are projected to surpass ninety years of life expectancy by 2030. This milestone is driven by widespread healthcare access and improved cardiovascular health. Decades of consistent, cumulative improvements have led to this remarkable demographic shift. These factors have created an environment where maintaining health is the easiest option. This demonstrates that longevity is a systems issue, not solely individual discipline.
Social Security payments play an important role in the financial lives of millions of Americans, providing a source of income for retirees, disabled workers and eligible family members.
Wyoming is proposing a 972-megawatt pumped-storage energy project at Seminoe Reservoir that would use water as a giant rechargeable battery. The plan calls for a new reservoir about 1,000 feet above the existing basin, connected by underground tunnels to a powerhouse inside the surrounding granite.
Former boxer Prichard Coln has died at age thirty-three after a long battle. He sustained severe brain injuries during a 2015 boxing match which tragically ended his career. His injury led to significant safety reforms and a new rule named in his honor. Coln's resilience and family's dedication were widely recognized by the boxing community. He is remembered as a warrior whose spirit inspired many.
Japanese proverb of the day: A Japanese saying highlights the wisdom of knowing when to step back from conflict. It suggests that withdrawing strategically can protect valuable time and energy. Persistence is important, but continuing a losing battle can worsen the situation. Good judgment involves recognizing which efforts are truly worthwhile.

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