The Economic Times
Elections 2026Global Business / The Economic Times
Niger's capital Niamey is calm after soldiers staged a mutiny which was repelled. Loyal forces, aided by Russian troops, quelled the unrest which occurred at the airport. The mutiny appeared to stem from grievances over worsening security and soldier welfare. Neighbors and allies have expressed their full support for Niger's ruling junta. The situation is now stable after the overnight clashes and arrests.
Novak Djokovic experienced a surprising early exit from the US Open tournament. Mariano Navone defeated the champion in a lengthy and challenging opening match. Other players like Jessica Pegula and Marta Kostyuk advanced easily on Sunday. Major stars including Aryna Sabalenka and Carlos Alcaraz begin their campaigns on Monday. The US Open venue is undergoing significant renovations and improvements.
Herbert Wertheim purchased a Ferrari electric vehicle for forty million dollars. This significant charitable donation may qualify for a substantial US tax deduction. The purchase price far exceeded the car's estimated fair market value. New tax rules could limit the deduction for top earners. This situation highlights evolving charitable giving regulations for wealthy individuals.
Italian actor and director Andrea Preti met Venus Williams in 2024 and became a key source of support during her personal and professional challenges. The couple married in 2025 after ceremonies in Italy and Florida. Preti has since supported Venus through her tennis comeback and is watching her latest US Open campaign.
According to Nepalese scientists, the recent floods resulted from a massive ice-rock avalanche in the Langtang-Lirung area, impacting the Lhende River. The surge traveled downstream, causing devastating flash floods across northern and central Nepal.
Nepal authorities are burying unidentified bodies recovered from riverbanks. DNA samples are collected and identification records prepared for later retrieval. This procedure follows international guidelines to safely preserve each body's identity. Families can provide DNA samples to match with deceased individuals for identification. Recovery operations continue as thousands remain missing after devastating floods.
A supertanker caught fire after being struck by two naval mines in the Strait of Hormuz. Iran's Revolutionary Guards reported the incident, stating the vessel passed through illegally. The Guards warned other ships violating security rules would face similar consequences. Compliance with passage regulations for the waterway is now mandatory. The Guards did not identify the tanker or its crew members.
Some individuals feel more at ease allowing others to initiate discussions, a preference that is not inherently unfriendly. This tendency can be rooted in introversion and a yearning for deeper relationships. Personal caution and introspective tendencies also shape their timing in conversations. Research has highlighted that personality traits significantly affect how we engage socially, showcasing that silence can sometimes reflect thoughtfulness rather than a lack of interest.
Gold and silver prices extended their losses for a fourth straight session on Monday as comments from US Fed Chair Kevin Warsh fuelled expectations of higher interest rates. Gold has declined 9,500 over four sessions, while silver is down 7,700 in three sessions.
Donald Trump is contemplating life after his presidency, while still hinting at another campaign. He has spoken about watching his successor take credit for his accomplishments. This shift occurs as midterm elections approach, making his remaining time more apparent. Trump has previously explored constitutional avenues for extending his time in office. His ambiguous statements allow supporters and opponents to interpret his intentions.
At the Pacific Islands Forum in Palau, leaders of small island nations are gathering to navigate their geopolitical landscape amidst fierce competition between China and the United States. Facing urgent challenges such as climate change and economic instability, these nations would need to reconcile their differing alliances to maintain a united stance.
Proposed US tariffs could significantly impact Canadian auto production lines. Japanese automakers Toyota and Honda face potential production cuts due to these tariffs. These companies rely heavily on the United States as their largest market. The tariffs may force a major shift in global automotive supply chains. Automakers are now adapting to changing trade policies and competition.
US Treasury Secretary Scott Bessent will urge G20 members to re-examine trade terms with China. He aims to shrink global imbalances and press Beijing to rebalance its economy. The current flood of exports from China is deemed unsustainable by the US official. Bessent believes other countries must incentivize China to shift away from exports. A G20 joint statement on reducing trade imbalances is being pushed by the US.
In the wake of catastrophic flash floods in Chitwan, Nepal, the authorities have resorted to temporary burials for unidentified victims. To facilitate future identification, they are collecting DNA samples and relevant details.
Quote of the day by Robert Frost: Renowned American poet Robert Frost expertly crafted poetry that blends profound concepts with everyday familiarity. His rural New England background and personal experiences shaped his acclaimed works. Known for his sharp wit, Frost offered insights on open-mindedness amid disagreements through a popular quote. He garnered four Pulitzer Prizes, affirming his poetic legacy while encouraging readers to discover deeper meanings in ordinary life.
China's three largest state-owned airlines reported substantial first-half losses. Surging jet fuel prices and a weak summer season impacted their financial performance. These carriers experienced significant losses, reversing earlier profits from Lunar New Year demand. Disrupted international routes and elevated fuel prices severely undermined their profit environment. Analysts predict continued losses for these airlines throughout the year.
Irans Supreme Leader Ayatollah Mojtaba Khamenei urged Muslim countries to unite against Israel and the United States amid wider Middle East tensions. A tanker was struck in the Strait of Hormuz, Israel evacuated Netanyahus son from the US over a threat, and an Israeli strike killed two Palestinians in Gaza.
Nepal was burying on Monday some of the hundreds of bodies retrieved after a deadly, tsunami-like flood crashed through the Himalayan region, sweeping away villages and leaving thousands still missing. The huge wave of ice, rocks and debris that smashed into villages and towns on Wednesday claimed at least 797 lives in both Nepal and Tibet -- across the border in China -- with reports of some bodies possibly swept downstream as far as India.
U.S. forces on Sunday struck two launchers on Iran's Larak island in the Strait of Hormuz. It was the first known American strike on the Gulf nation since late July. Iran responded by attacking two U.S. air bases in Jordan, Iranian media reported on Monday, citing Iran's Revolutionary Guards.
US Treasury Secretary Scott Bessent said the Trump administration will impose sanctions on another bank this week as Washington intensifies efforts to economically isolate Iran. His warning came ahead of G20 meetings where he plans to seek cooperation, including from China, Irans biggest trading partner and oil buyer, on sanctions.
Donald Trump criticizes Canada as a major trade abuser of the United States. He claims his tariffs revived the American automobile industry and saved jobs. Trump urges Canadian companies to relocate operations to the US to avoid tariffs. He states that Canada has been exploiting America for decades. The president insists this tough stance should have been taken earlier.
On Monday, gold prices held steady following a noteworthy decline. Federal Reserve Chair Kevin Warsh suggested that interest rate hikes could be on the horizon, leading markets to predict an increased chance of a September rate rise. Labor market reports set to be released this week will offer additional economic clarity. Other precious metals also experienced slight fluctuations.
Nepal warned of fresh flooding on Sunday as water levels rose in the Bhotekoshi River, days after catastrophic floods killed at least 788 people and left thousands missing across Nepal and Tibet. Authorities urged residents to remain alert while crews cleared roads, assessed damage and managed constant warnings in devastated communities.
Nepal and China discussed disaster cooperation before a major flood event. Officials sought more data from China on glacier risks and water levels. A recent catastrophic mudslide killed hundreds and left many missing. China stated its data sharing has been timely and substantial progress was made. Nepal aims for more frequent data to prevent future disasters.
The Shanghai Cooperation Organization summit convenes amid US economic pressure on Iran. Chinese and Russian presidents will meet with Iran's leader at the summit. The bloc's ability to act coherently faces scrutiny due to internal rivalries. Leaders are expected to offer symbolic solidarity with Tehran. The summit highlights the evolving global order and challenges to Western dominance.
A flash flood at the Grand Canyon forced the evacuation of more than 60 people, swept large debris into the Colorado River and knocked out the parks sole water pipeline. Overnight stays have been halted, while officials seek information on 15 people believed missing after flooding at Bright Angel Creek.
Brent crude futures climbed $2.22, or 2.52%,
US Iran war: United States forces struck Iranian rocket launchers near the Strait of Hormuz. This action marks the first military engagement in the region in a month. Iranian state media reported explosions and casualties among Revolutionary Guard Corps fighters. The US military recently completed clearing sea mines from the strait's shipping lanes. Iran's state broadcaster stated the attack would result in punishment for the aggressor.
Cahokia Creek in Illinois was impaired due to severe streambank erosion and lack of vegetation. Heartlands Conservancy used grant funding to implement stream channel and streambed stabilization practices. These efforts included installing rock riffles and establishing vegetated riparian corridors along the creek. The implemented best management practices significantly reduced pollution entering the stream. Consequently, Cahokia Creek was removed from the impaired waters list in 2020/2022.
The government is expanding its fertilizer management system to link sales with farmer data. This platform covers millions of buyers and significant annual fertilizer sales. Integration with other systems allows fertilizer purchases to match farmer and land records. Farmers can book fertilizer using their AgriStack ID after land detail verification.
Denmark restored the Skjern River wetlands after agricultural decline and pollution. The project re-meandered over twenty kilometers of river and restored habitats. Wildlife returned, meeting conservation targets for Special Protection Area status. New shallow lakes and improved conditions benefited various species and salmon. The restored landscape also became accessible for public recreation and tourism.
Tom Holland's quote of the day talks about an important life lesson taken from his own belief that saying what you want can actualy bring you closer to getting it. Taken from his own inspiring journey of wanting to be Peter Parker to becoming the star of the highest grossing Spider Man film ever, Spider Man Brand New Day, this story explains the reason behind his belief and how it helped him achieve his dreams.
Finance Minister Nirmala Sitharaman met several US business leaders in Chicago. She invited them to explore opportunities within India as a global operations hub. Discussions covered AI-enabled autonomy and defense technologies with Shield AI. Opportunities in agriculture and food value chains were explored with Archer Daniels Midland. Hyatt and Mondelez executives also participated in these important discussions.
Manipur's Chief Minister Yumnam Khemchand Singh has implored the public to engage in peaceful protests instead of bandhs, which he believes create unnecessary challenges for workers and students alike. He noted the encouraging response from New Delhi concerning NRC implementation, stating that such disruptions negatively affect education and financial stability. The government is committed to listening to citizens and aims to resolve issues through open communication.
First spotted in 1852, Chinese privet has spread relentlessly across the American Southeast, wreaking havoc on local ecosystems. This invasive shrub not only outcompetes native vegetation but also disrupts woodland dynamics. Its seeds, scattered by birds, facilitate its rapid proliferation, complicating eradication efforts. The resulting dense bushes shade out native plants, creating significant challenges for local wildlife and highlighting the dangers posed by ornamental species escaping garde
Jessica Pegula secured a convincing US Open victory after overcoming initial nerves. She advanced to the next round following a 6-3, 6-2 win against Elena-Gabriela Ruse. Pegula's strong performance followed her recent Cincinnati Open final appearance. Other seeded players like Jasmine Paolini also progressed after tough matches. Attention also shifts to men's stars Daniil Medvedev and Novak Djokovic.
About eighty-five Americans remain missing following a devastating flood in Nepal. Authorities confirmed seven hundred eighty-one deaths after the disaster swept through villages. Nine Americans have been evacuated, and no US nationals are reported dead. The United States and Canada will each provide three point six million dollars in aid. This funding will support road repairs and aid delivery to remote areas.
Alaska's eastern mountain range faces heavy snow and strong winds. A winter weather advisory covers a key Richardson Highway section. Drivers should expect difficult travel conditions and reduced visibility. Rain will change to snow overnight before Monday morning's commute. Motorists are urged to check road conditions and drive with caution.
Greensboro, Maryland, has successfully implemented modern stormwater control practices, improving water quality. These projects, funded by Section 319 grants, have significantly reduced flooding and sediment runoff. The town's innovative approach has inspired three neighboring communities to adopt similar water management strategies. These new initiatives will further enhance the Choptank River's health and protect local properties. The ongoing efforts demonstrate a commitment to long-term water
In Nepal, flash floods have led to a staggering death toll of over 788, with over 2,500 people unaccounted for. Reports from Chinese media reveal that Tibet has also been impacted, with 16 fatalities and around 550 missing. Rescue operations are ongoing, and mass burials for unidentified victims are being conducted due to health risks. A forensics team from India is now on the ground to help identify those lost.
Ladakh's holistic development strategy should leverage its unique assets, such as its rich natural resources and vast potential in renewable energy. Ashok K Lahiri emphasized the importance of utilizing these strengths for sustainable environmental practices while also fostering job creation. Ongoing projects and challenges in infrastructure, education, and tourism were discussed, with a strong focus on promoting viable enterprises in animal husbandry and tapping into local markets.
Matt Damon highlights the fleeting nature of fame, asserting that personal decisions are far more enduring than momentary celebrity status. Through his varied and challenging roles, he illustrates a career built on thoughtfulness. This view resonates beyond Hollywood, applicable to all life choices. In the end, it is the contentment with ones decisions that shapes a fulfilling life.
The attack on the Kirishi refinery, deep inside Russian territory, came as Moscow said it was preparing massive strikes against Ukrainian energy facilities in response to recent attacks. Russian air defences destroyed 62 drones over the Leningrad region, Governor Alexander Drozdenko said on Telegram on Sunday. One of the drones fell near the refinery in Kirishi, starting a fire, he said.
At the age of 86, a dedicated farmer made the remarkable choice to accept $1.9 million to safeguard his 261 acres of farmland, ensuring the land remains devoted to agriculture. While developers had proposed $15.7 million for this valuable property, his decision to embrace a voter-sanctioned local preservation program guarantees that future generations will benefit from this vital agricultural heritage.
India began their Women's T20 Asia Cup campaign with a dominant victory over Thailand. Shafali Verma's aggressive batting provided a strong foundation for the Indian team's score. Indian spinners then expertly dismantled the Thailand batting lineup to secure the win. The bowlers delivered an exceptional performance, restricting Thailand to a low total.
Quote of the Day by Kaley Cuoco: Kaley Cuoco emphasizes the importance of personal choices and self-knowledge. Worrying about others' opinions leads to constant second-guessing and dissatisfaction. Accepting that not everyone will be happy is a liberating realization. Knowing your own values and preferences guides decisions effectively. Ultimately, trusting yourself allows for a more authentic and fulfilling life.
A glacial collapse and flash flood near Nepal and China border occurred. UN climate chief Simon Stiell highlighted mountain environment fragility and climate risks. Scientists and local communities have warned about the Hindu Kush Himalayas' huge risk. A warming climate makes such tragedies more likely and severe globally.

29 C