EconomyJapan’s Inflation Paradox Is Creating Winners and Losers
Rising prices are provoking a backlash against the government, while also pointing to a new period of economic dynamism after years of deflation.
Rising prices are provoking a backlash against the government, while also pointing to a new period of economic dynamism after years of deflation.
Severe injuries and deaths among the youngest e-bike riders continue to rise. Officials across the country are pursuing different approaches to address the growing epidemic, including questions about whether parents should be held responsible.
DPR Government head Andrey Chertkov says Ukrainian forces are deliberately targeting the region’s power infrastructure, damaging several substations and transmission lines. The government is redistributing electricity, while unstable voltage may bring rolling blackouts to some cities and districts; water supply problems are also being addressed.
Luigi Mangione pleaded guilty to federal charges over the fatal 2024 shooting of UnitedHealthcare CEO Brian Thompson. Wider anger over the US health insurance system has made Mangione a polarising figure.

Luigi Mangione admitted killing UnitedHealthcare CEO Brian Thompson and pleaded guilty in Manhattan federal court to interstate stalking resulting in death. He said he shot Thompson on 4 December 2024. Mangione faces up to life in prison, with federal sentencing set for 18 December, while his lawyers seek dismissal of the New York state case on double-jeopardy grounds.

Luigi Mangione pleaded guilty in a New York federal courtroom and admitted shooting UnitedHealthcare chief executive Brian Thompson in Manhattan on 4 December 2024. He is due to be sentenced on 18 December, while a separate state murder trial remains scheduled for September.

Luigi Mangione pleaded guilty to killing UnitedHealthcare CEO Brian Thompson in 2024. He told the court that he shot Thompson in Manhattan and that Thompson died. Mangione faces a possible life sentence.
Luigi Mangione pleaded guilty to federal criminal charges connected to the 2024 fatal shooting of UnitedHealthcare CEO Brian Thompson.
Luigi Mangione pleaded guilty to federal stalking charges related to the fatal shooting of UnitedHealth Group executive Brian Thompson. The case captivated the US and came to symbolize anger at the country’s healthcare system.
Mangione’s federal stalking case, prompted by the killing of UnitedHealthcare’s former chief executive on a Manhattan sidewalk, is expected to end with a guilty plea Friday.

Luigi Mangione pleaded guilty in Manhattan federal court to two charges tied to the killing of UnitedHealthcare CEO Brian Thompson, including interstate stalking resulting in death. He still faces separate New York state charges of second-degree murder and firearms offenses, with that trial set to begin next month.

Luigi Mangione told a Manhattan federal judge he plans to plead guilty to a stalking charge resulting in the death of UnitedHealthcare CEO Brian Thompson. A judge previously dismissed the federal murder and weapons counts. Mangione still faces separate murder, weapons and forgery charges in New York state court, where the plea could affect arguments over dismissal.
Live coverage says Luigi Mangione intends to plead guilty to federal charges connected to the killing of an insurance company CEO.
Russian air defenses and mobile fire groups are repelling a Ukrainian drone attack on Sevastopol, Governor Mikhail Razvozhayev said. Five drones were downed over the North Side and the Balaklava and Gagarinsky districts, he said.
Residents of Buenaventura say the government’s slow response to the 7.4-magnitude earthquake reflects a long pattern of institutional neglect. About 540 homes collapsed in the port city, parts of its hospital remain closed, and injured people wait for treatment in tents outside. Locals fear poorer areas will receive less recovery support than major provincial capitals.


Families in Cali, Colombia, are demanding answers as searches proceed slowly for loved ones buried under rubble after Monday’s magnitude 7.4 earthquake. More than 400 people remain missing, and a stench of bodies has emerged at the site.

Days after a deadly earthquake struck western Colombia, hundreds of families in Cali remain in tents. Their homes are still standing but too damaged and unsafe to enter, prompting residents in one neighborhood to create a shelter camp in a local park.
Construction workers laying a sewer beneath a former brewery in Sint-Gillis-Dendermonde, Belgium, found gold coins and bars valued at $10.4 million. They alerted police, who cataloged the discovery and secured it in a federal vault. Belgian law gives the rightful owner five years to claim it.

An 18-year-old, Lily Hooper, has been missing in New South Wales’ Nattai national park since leaving home for a hike on 12 August. Police, emergency services, defence personnel and her family are searching the area, with fresh teams arriving on Saturday. Authorities remain concerned but say they have no indication beyond an overdue hiker.

Hong Kong’s government says it will keep consolidating and analyzing public feedback in an effort to release the city’s first five-year plan in September. The consultation generated more than 16,000 submissions, and the plan is described as an important step in aligning Hong Kong with China’s overall development.


Hong Kong will continue compiling and analyzing feedback in an effort to release its first five-year plan in September, Secretary Janice Tse Siu-wa said. The public consultation drew more than 16,000 submissions, with respondents generally saying the plan could help Hong Kong seize opportunities and make strategic arrangements.
Prosecutors have narrowed their case ahead of the retrial of the man accused of setting the Palisades fire.
Europe has endured five heat waves this summer. Persistent hot, dry conditions are fueling deadly wildfires, disrupting energy supplies, destroying crops and draining reservoirs and rivers. Triodos Bank estimates the fallout could wipe out nearly all of the EU’s expected 1.1% GDP growth this year.
Bulgaria’s Defense Ministry says its air force is expected to receive eight US-made F-16 Block 70 fighter jets no earlier than 2030. Lockheed Martin cited manufacturing difficulties that could delay delivery until the second quarter of 2030. Earlier plans had anticipated deliveries in 2026-2027.
A Quaest poll shows Brazilian President Luiz Inacio Lula da Silva leading right-wing Senator Flavio Bolsonaro 43 percent to 40 percent in a simulated runoff, effectively a statistical tie within the two-point margin of error. Lula leads 38 percent to 31 percent in a first-round scenario, as the race tightens ahead of October’s election.

Anthropic is preparing for what could be one of the largest IPOs on record. Sources say Wall Street is valuing the AI company unusually far ahead, basing its assessment on a forecast that its 2028 revenue could reach $190 billion to $200 billion.
New York City plans to uncover a buried waterway in the Bronx to ease flooding and pollution. The project will serve as a test case as the city works to adapt to a changing climate.
Brazilian President Luiz Inacio Lula da Silva said he will wait until after October’s presidential election to decide whether to approve Daniel Perez as the US ambassador-designate. Lula questioned Washington’s announcement without formal Brazilian approval, amid accusations of interference and tensions over perceived US support for rival Senator Flavio Bolsonaro. He said Brazil still wants a constructive relationship and is not seeking confrontation.

Five years after the Taliban returned to power, UN Women warns that more than half of the 74 women’s organisations surveyed in Afghanistan could suspend operations or close within a year because of funding shortages. The UN is urging donors to maintain support and calling on the Taliban to reverse restrictions on women and girls.

The United Nations urged donors on Friday to maintain funding for women’s programs in Taliban-ruled Afghanistan, warning that cuts would deepen suffering where women already face the world’s worst conditions.

Five years after the Taliban retook Afghanistan, women across the country describe public floggings, lost jobs and barriers to healthcare. Girls over 12 are barred from school, women face travel restrictions without male chaperones, and corporal punishment has returned. The Taliban’s foreign minister says women are not wholly restricted in all areas of life.

Five years after the Taliban seized Kabul, Afghan women remain barred from much of public life and girls over 12 cannot attend school. Amid a deepening humanitarian crisis, sanctions and aid cuts, international actors disagree over how to engage the Taliban, while many acknowledge that current approaches have failed to produce meaningful change.
Russia has seized at least 1,878 Ukrainian civilians since 2014, including at least 223 women, many allegedly subjected to torture and inhumane detention. Meduza recounts The New Yorker’s reporting on women held at Rostov pretrial detention center No. 1, including English teacher Valentina Zayarnaya, sentenced to 12 years after helping Ukrainian officer Denys Storozhuk leave occupied territory. She said investigators threatened and abused her family to obtain a confession.
Bella Ramsey says years spent working with adults meant they missed the stereotypical rebellious teenage phase. In Sunny Dancer, they play Ivy, a young cancer survivor who reluctantly attends a “chemo camp” and finds friendship and freedom. Writer-director George Jaques also reflects on cancer, loss and making room for grief.

The BBC has asked a court to allow subpoenas for Donald Trump Jr, Ivanka Trump and Jared Kushner as it defends against Donald Trump’s $10bn defamation lawsuit. Its lawyers say the family members have personal knowledge of Trump’s intentions when he delivered his 6 January 2021 speech.


The BBC has asked a court for permission to subpoena Donald Trump Jr, Ivanka Trump and Jared Kushner for testimony and records concerning the 6 January 2021 events. Trump sued over a BBC documentary that he says misleadingly edited his speech to suggest he urged supporters to attack the Capitol.
Reports say an Air India captain tested positive for cannabis after an Airbus A320 flying from Phuket to Delhi suddenly lost about 91m of altitude, injuring 13 passengers and four crew. The result has not been officially confirmed, and investigators have found no link between it and the incident, which is also being examined for technical, operational, medical and human factors.

President Donald Trump, flanked by senior law enforcement officials, celebrated Friday’s sharp decline in murder and other crimes after the FBI released its 2025 crime report, presenting the drop as a personal achievement.
A Pablo Picasso etching stolen from Milwaukee art gallery owner Bill DeLind in 2018 has been found by a landlord in a vacant apartment. DeLind had not expected to ever see the print again.
Home prices across the US continue to soar, increasing frustration among buyers and renters. Bloomberg News is asking people with similar experiences to share their stories.
US President Donald Trump says he will declare the Strait of Hormuz a US territory “pretty soon” after Iran is defeated.


Donald Trump said he would soon declare the Strait of Hormuz a US territory after Iran is defeated. Iran's deputy foreign minister rejected the remarks, saying Tehran would not be intimidated and would retain control of the waterway. Trump also urged Americans to accept higher gasoline prices as the cost of preventing Iran from obtaining a nuclear weapon.
US President Donald Trump said Washington remembers that its NATO allies refused to support it during its conflict with Iran. He argued that the United States had invested in NATO for decades, yet the alliance was not there when America asked for help.

US President Donald Trump said the United States would soon declare the Strait of Hormuz its “territory” after defeating Iran. Control of the vital waterway has become a major sticking point in US-Iran ceasefire negotiations, and his remarks are likely to inflame tensions. Iran’s deputy foreign minister rejected the idea, saying the strait could not be taken over by a tweet, aircraft carrier or decree.
US President Donald Trump said Washington does not seek to destroy Iran but would respond “100 times harder” if the Islamic Republic attacks. He added that the US is capable of destroying “the whole place,” while saying it does not want to do so.

Donald Trump said he would “pretty soon” designate the Strait of Hormuz as US territory, while negotiations to end the war with Iran remain stalled. The seriousness of the remark and whether it represents a new administration policy are unclear. Iran has refused to reopen the waterway unless Washington changes course and meets its demands.
President Donald Trump urged Americans on Friday to tolerate a modest rise in gasoline prices, describing it as the cost of preventing Iran from obtaining a nuclear weapon. He also said he would soon announce a decision concerning the Strait of Hormuz.
US President Donald Trump said he would soon declare the Strait of Hormuz US territory after the United States finishes defeating Iran. He claimed the US blockade prevents ships from passing without its permission. Trump had earlier said Washington fully controls the strait, while The Wall Street Journal reported that July traffic was one-fifth of its pre-conflict level.
A drone attacked an agricultural enterprise in Russia’s Penza Region, causing a minor fire that was quickly extinguished, Governor Oleg Melnichenko said. No casualties were reported, and first responders were working at the site.
A magnitude 7.7 earthquake struck along Indonesia’s northern coast on Saturday morning local time, according to the U.S. Geological Survey.

A magnitude 7.7 earthquake struck at a shallow depth of 10 kilometers off Indonesia’s Flores region, prompting a tsunami warning and followed by at least two aftershocks. No immediate damage or casualties were reported.

A shallow magnitude 7.7 earthquake struck off Indonesia’s Flores region early Saturday, with the epicentre 68km north-northwest of Ende in East Nusa Tenggara. No immediate casualties or damage were reported. Indonesia’s meteorology agency issued a tsunami warning and urged coastal residents to move away from beaches and riverbanks and seek higher ground.

Two people have died after a magnitude-7.7 earthquake struck off Indonesia’s Flores Island, an official said. Authorities warned residents to watch for aftershocks, while the tsunami warning issued after the quake was lifted. Rescue teams are assessing damage and casualties across affected areas.
A powerful magnitude 7.7 earthquake struck off Indonesia’s coast in the Flores region at 5:58 a.m., according to the U.S. Geological Survey. The quake was 10 kilometers deep.
A magnitude 7.6 earthquake was recorded off the Indonesian coast, the European-Mediterranean Seismological Center said. The epicenter was 161 kilometers northeast of Labuan Bajo at a depth of 35 kilometers. A tsunami alert has been issued, with no deaths or casualties reported so far.
A vessel belonging to Abu Dhabi’s national oil company ADNOC was attacked late August 14 while transiting the Strait of Hormuz, UAE news agency WAM reported. No one was injured and the situation was under control. ADNOC urged protection of seafarers and maritime security, and called for reliance on official information.
Abu Dhabi National Oil Company said one of its vessels was attacked a day earlier while passing through the Strait of Hormuz, according to the Emirati state news agency WAM.
Russia suspended crude exports from the Sheskharis terminal at Novorossiysk after a new drone warning on Aug. 14, Reuters reported, citing three industry sources. A tanker left without loading, and the port then halted crude handling. The move followed Ukraine’s large-scale Aug. 12 strike, which damaged port infrastructure, according to monitoring channels.

The US Army has temporarily suspended all Apache helicopter training flights following a crash near Fort Hood, Texas, this week that killed two soldiers.
The U.S. Army has temporarily suspended all Apache helicopter training missions after a fatal crash in Texas earlier this week killed two soldiers.
Berkshire Hathaway said on Friday that it increased its Alphabet investment by 83% in the second quarter, making Google and YouTube’s parent company its third-largest stock holding.
A sharp stock decline and a series of setbacks have brought new scrutiny to billionaire Mat Ishbia’s mortgage company, prompting him to respond directly to his critics.
U.N. experts said an estimated $50 million ransom paid in late 2025 to secure the release of a hostage seized by al Qaeda-linked militants in Mali helped finance the group’s advances across West Africa and its global network.
Zimbabwean novelist Sue Nyathi self-published The Polygamist after publishers doubted its market, and it later became a Netflix hit in more than 60 countries. She says the story is not a simple account of polygamy, but examines deception, unequal power and women’s lack of agency in relationships built on secrecy.

Many Canadians are avoiding travel to the US after Donald Trump’s tariffs on Canada and comments about annexing the country. They are spending more on domestic trips or overseas destinations instead, contributing to an estimated C$3.3bn loss in US travel revenue last year.

Russian Foreign Ministry Ambassador-at-Large Rodion Miroshnik said Kiev cannot independently guarantee implementation of agreements that might be reached because decisions are not made there independently. He said negotiations without external participation make little sense, while reiterating Russia’s readiness for result-oriented dialogue to resolve the crisis without violence or destruction.
Singapore is among the world’s fastest-aging countries, and some older residents are turning to parkour in a playground to stay healthy. Coach Tan Shie Boon says the sport builds confidence, while participants say it also brings the community together.

Lebanese Prime Minister Nawaf Salam is pressing for a clear timetable for Israel to leave Lebanese territory and to halt destruction operations. Hezbollah leader Naim Qassem accused Beirut of placing Lebanon’s army under undue pressure, while the US ambassador said Israeli attacks would stop only if Hezbollah disarmed. The next talks are expected in early September.

Spain has increased police and military deployments in its North African enclave of Ceuta after social media messages urged migrants to try another mass border breach on Saturday. The move comes two weeks after tens of thousands rushed into the city.
NASA is using a modified U-2 spy plane, developed during the Cold War, to study one of Earth’s least understood weather phenomena: storms generated by wildfires.
President Volodymyr Zelensky signed sanctions on Aug. 14 against 11 Russian citizens, 13 vessels and 28 legal entities allegedly involved in illegally exporting grain from Russian-occupied Ukrainian territories. The measures include asset freezes, trade restrictions and bans on sanctioned ships entering Ukrainian waters and ports.

The Justice Department and a US financial regulator are investigating transactions involving private firm Radiant World, which has rapidly become one of the world’s largest iron ore traders, people familiar with the matter said.
The drive-thru emerged from the collision of two distinctly American icons: fast food and cars.
Six Houthi ballistic missiles struck Yemen’s government-held al-Makha port, killing at least four people and setting the facility ablaze. Recent attacks have revived fears of an all-out war, years after a 2022 truce halted fighting between the Houthis and government forces.


Yemen’s internationally recognised government says the Houthis fired six ballistic missiles at the Red Sea port city of al-Makha, killing at least four civilians and setting several fishing boats ablaze. Government forces said civilian infrastructure and national assets were targeted, while an unnamed official put the death toll at at least eight. The Houthis said they struck Saudi-backed forces and mercenaries.
Yale University’s a cappella group recently toured nine Chinese cities. Taking a year away to travel around the world, the US musicians are looking for personal and musical connections and explored what they found in China.

Ukraine’s armed forces attacked cities and towns in the Donetsk People’s Republic 34 times over the past day, according to the DPR department documenting Ukraine’s alleged war crimes. The authority said one civilian was killed and 10 wounded. Vehicles, four homes and five civilian infrastructure sites were damaged by 40 munitions.
DPR head Denis Pushilin said Ukrainian attacks during the day killed one civilian and wounded 10 others. A woman born in 1983 died in an attack on a market in Gorlovka; people were also injured in Donetsk and Nikolskoye. Homes, civilian facilities and vehicles were damaged across several locations.
President Donald Trump downplayed concerns about conditions for sailors aboard the USS Abraham Lincoln as the carrier’s deployment to the Middle East nears nine months and service members’ families voice an uproar.

US President Donald Trump dismissed concerns about the strain on sailors aboard the USS Abraham Lincoln after its record deployment of almost nine months. The carrier has supported the US war against Iran, while reports say some sailors are struggling with mental health issues.
US President Donald Trump said the USS Abraham Lincoln is returning from the Middle East under a planned force rotation and will be replaced by a similar carrier. He rejected claims that its mission had lasted too long, saying it was “not nearly long enough.”
President Donald Trump on Friday dismissed claims that families of service members aboard the USS Abraham Lincoln are concerned about conditions on the aircraft carrier. The ship has been deployed for nearly nine months supporting operations in the Middle East.
Ozon, one of Russia’s largest online marketplaces, and its Ozon fresh and Ozon travel apps are no longer searchable on Google Play, while remaining available on the App Store. The company said it had not breached Google Play rules and that the apps can also be downloaded through RuStore, AppGallery and Galaxy Store.
Ozon, Ozon Fresh, Ozon Seller, Ozon Job, and Ozon Travel have disappeared from Google Play, though the reason is unknown. Ozon Bank’s app had previously been removed, and the bank is under European Union sanctions. The other apps remain available through Apple’s App Store and Huawei’s AppGallery, according to TV Rain.
The eighth Moscow Interior and Design Week is showcasing furniture, handmade home accessories, lighting and other products at the Manege Central Exhibition Hall. Around 1,300 brands from Russia and abroad are taking part, with national pavilions for India and North African countries. The event runs through August 16.
Fourteen Russian furniture and product-design brands from several regions are exhibiting at the eighth Moscow Interior and Design Week. Their displays include furniture, ceramics, glassware and other interior items, including products developed and unveiled publicly for the first time at the event.
The Trump administration has asked the US Supreme Court to let work continue on its $400 million White House ballroom. Justice Department lawyers call the secure space vital to national security, while an appeals court ruled the project lacked congressional approval and ordered above-ground construction to stop. The National Trust for Historic Preservation urged the court to reject the appeal.


The Trump administration has asked the US Supreme Court to suspend a lower-court injunction and let construction of a $400m ballroom at the White House continue. An appeals court had ruled that congressional approval was required, while the Justice Department said the project was necessary for national security.
President Donald Trump asked the US Supreme Court to authorize continued construction of his massive new White House ballroom. Two lower courts had ruled that he was violating the law by moving ahead without congressional approval.

President Donald Trump has asked the Supreme Court to let construction of a $400m White House ballroom continue without congressional approval. The administration calls the stop-work order dangerous, while an appeals court had ruled that building must halt pending Congress’s approval.
Trump is asking the Supreme Court to allow construction of a White House ballroom to continue, citing national security needs and the building’s architectural importance.
The Trump administration has asked the U.S. Supreme Court to permit work on the White House’s $400 million ballroom project to restart while it appeals a lower court order that halted construction.
The Trump administration has asked the U.S. Supreme Court to permit construction of the $400 million White House ballroom to proceed. An appeals court had ruled that the project lacked the approval required from Congress.
Jane Street lost $15 billion in July because of its exposure to Situational Awareness, an AI-focused hedge fund, according to two people familiar with the matter.
Trump has directed the US Navy to remove the modern electromagnetic launch system from an upcoming aircraft carrier and return to an older steam-powered catapult. The change could add billions of dollars to the price and delay deployment until the late 2030s.
Goldman Sachs, Blackstone and Apollo Global Management spent months working on debt deals intended to help artificial-intelligence system developers pay for Nvidia chips.
The Department of Defense plans to introduce a course focused on Western civilization and Christianity this fall at schools it operates for military families.
Venezuela’s government released 131 detainees on Friday. Human rights groups welcomed the freedom of some people they said had been held unjustly or for political reasons, allowing families to reunite.

The New York Times, citing officials familiar with a late-2025 briefing, reported that Vladimir Putin set the internal collapse of NATO and the EU as a 2026 goal, with Moldova allegedly central to the plan after Ukraine. Western officials said Russia sought to influence Moldova’s 2025 parliamentary election through cyberattacks, disinformation, vote-buying, and trained operatives. Moldovan authorities disrupted the effort, while Maia Sandu’s party retained its parliamentary majority.
Record heat and drought are fueling wildfires across Europe, which have burned about 500,000 hectares and forced thousands to flee. In Croatia’s tourist town of Omis, the flames killed one person and sent 40 to hospital, prompting 2,000 evacuations.


Firefighters across Europe fought multiple blazes on August 14 as a new wave of record heat spread across much of the continent. The historic temperatures are linked to human-caused climate change and are straining countries built for long, cold winters, with limited capacity for extreme heat and little air conditioning.
Reports say former University of Cambridge professor Jason Arday was found dead in London on Friday, days after resigning amid questions about his career.

The University of Cambridge confirmed that Black academic Jason Arday was found dead on Friday. Arday had resigned from the prestigious British institution the previous week after a high-profile plagiarism scandal that prompted claims of racism.

British academic and former Cambridge professor Jason Arday was found unresponsive at a south London address, according to media reports citing authorities. He had resigned nine days earlier amid scrutiny of his academic work and allegations that parts of his doctoral thesis were plagiarised. Arday acknowledged mistakes but said he was wrongly portrayed as a liar and academic fraud.

UK media reported that former University of Cambridge professor Jason Arday was found unresponsive at a London address on Friday and pronounced dead at the scene. Police said his death was unexpected but not believed to be suspicious. Arday had resigned a week earlier amid plagiarism allegations.
Israeli activist Alon Lee Green told Al Jazeera that soldiers deployed to protect Palestinians in Qusra, in the occupied West Bank, are supporting what he called “terrorist” settlers. Soldiers were also seen drinking tea with settlers besieging Palestinian homes.

The United States is preparing to warn dozens of countries that joining Beijing’s competing AI framework would exclude them from a U.S.-led coalition, according to a U.S. official and an internal draft reviewed by Reuters.
President Donald Trump dismissed concerns about the strain on sailors aboard the USS Abraham Lincoln, saying the carrier’s more than 260-day deployment supporting the war with Iran was “not nearly long enough.” Families and lawmakers have raised concerns about sailors’ mental health and worsening conditions on the ship.

Donald Trump rejected concerns about worsening conditions and mental-health strain aboard the USS Abraham Lincoln, despite reports of supply shortages and sailors attempting to jump ship. US lawmakers have sought an inquiry into the carrier’s deployment, which has lasted more than 250 days without a port stop. The Navy says it has not observed an increase in suicidal thoughts or attempts.
Moscow investigators searched PlanetaMed, its founder Vasily Generalov’s clinic, and staff homes during a criminal probe into fraud and negligent infliction of grievous bodily harm. They said the clinic misled parents of underage patients, took their money, and withheld care that could have helped, seriously harming the children’s health. The clinic claims to cure autism with methods that contradict clinical guidelines.
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