EconomyMalaysian Prince’s Singapore Land Sale Plan Faces Billion-Dollar Tax Hurdle
A Malaysian prince’s plan to sell a tract of land in the heart of Singapore faces a tax complication, with the bill potentially exceeding $1 billion.
A Malaysian prince’s plan to sell a tract of land in the heart of Singapore faces a tax complication, with the bill potentially exceeding $1 billion.
Cameroon Football Federation president Samuel Eto’o has urged African football leaders to support FIFA president Gianni Infantino, saying he has accelerated the development of the continent’s associations and expanded access to the World Cup. Eto’o also said larger budgets might have persuaded players such as Kylian Mbappe and Aurelien Tchouameni to play for African countries.

New York City has banned students up to eighth grade from using artificial intelligence. A file image shows Public School 111 in Queens.
New York City’s public school system will prohibit students through 8th grade from using artificial intelligence during the upcoming school year.
New York City officials announced a one-year moratorium on artificial intelligence use by students in public elementary and middle schools. It is the latest effort by public officials to establish rules for emerging classroom technology.
The largest school district in the US will ban students from using artificial intelligence tools and limit screen time for elementary and middle school students in the upcoming school year.
New York City is banning public school students from grades 2 through 8 from using generative artificial intelligence, as part of a broader effort to restrict classroom technology in the nation’s largest school district.

New York City Mayor Zohran Mamdani announced a one-year AI classroom moratorium for about 600,000 public-school students from 2-K through eighth grade, starting in the 2026–2027 school year. Teachers will also be barred from using AI to grade work, while high school students face limited use and receive AI literacy classes.
Giorgia Meloni’s right-wing government has become Italy’s longest-lasting since the Second World War. Surveys indicate that the cost of living, a deteriorating public health system, security and immigration rank among voters’ leading concerns ahead of next year’s general election.
Authorities say Nepal will need to rebuild about 20,000 homes in areas devastated by flooding. Rescuers are still looking for workers trapped in tunnels connected to hydropower projects, while thousands remain missing a week after the catastrophe.
Sati Sigdel visits a Kathmandu hospital every day, where hundreds of photographs cover a wall. Some show missing relatives, while others depict recovered bodies awaiting identification, as she desperately searches for news of her cousin.
Nepal’s landslide death toll has risen to 1,252, according to the latest figures from Nepalese police cited by China Central Television, while as many as 4,875 people remain missing. The landslide near the China border triggered flooding on August 26, sending water, dirt and rocks more than 70 kilometers along a riverbed and destroying settlements.
New US tariffs of up to 100% on drones and parts took effect on Thursday as Washington seeks to reduce its reliance on Chinese suppliers, led by DJI.
Trump has reportedly discussed with senior aides whether to declare the Iran war over, while the Pentagon extends its deployments in the Middle East.


A health official says US air strikes in Iran killed 18 people and injured 142. A vehicle was destroyed at an overnight strike site in Kuhestak, Sirik County.
Only six commodity vessels transited the Strait of Hormuz on Wednesday, down from 11 the previous day, Reuters reported citing Kpler data. They comprised two very large gas carriers, two long-range tankers, one Supramax tanker and one Panamax tanker. The count may change because some ships typically switch off transponders during voyages.
The Pentagon is quietly extending the US troop deployment in the Middle East, acknowledging that the operation against Iran may not end this year, The Wall Street Journal reported, citing sources. About 50,000 US troops remain in the region, including 19 Navy ships, fighter squadrons, air-defense units and paratroopers. Combat deployments have also been lengthened.
Oil prices edged lower on Thursday as investors assessed uncertainty surrounding renewed U.S.-Iran military strikes that could disrupt supplies from the Middle East.

A months-long crisis in the Strait of Hormuz has transformed a previously overlooked part of the market into one of 2026’s hottest trades, leaving shipping stocks at a crossroads after their strongest rally in decades.
According to two US officials familiar with the operation, 40 commercial vessels carrying 18 million barrels of oil passed through the Strait of Hormuz under American military escort. The wartime record came as Iran and the United States exchanged another round of strikes on Tuesday.

President Donald Trump said the US military could launch further strikes against Iran whenever it chooses. Tehran condemned attacks on ports, communications facilities and other civilian infrastructure, alleging that a strike on a wedding killed at least four people and injured dozens; US Central Command said it was investigating. UN Secretary-General Antonio Guterres urged both sides to halt military action and return to diplomacy as tensions around the Strait of Hormuz remained high.
Russian President Vladimir Putin is taking part in and addressing the plenary session of the Eastern Economic Forum in Vladivostok. Indonesian President Prabowo Subianto, Mongolian Prime Minister Nyam-Osoryn Uchral, Myanmar’s First Vice President Nyo Saw and Chinese Vice Premier Ding Xuexiang are also scheduled to speak.
Russian President Vladimir Putin described Indonesia as one of Russia’s key partners in Southeast Asia, citing growing trade and cooperation in agriculture, shipbuilding, information technology and energy. He also recalled the free trade agreement between the Eurasian Economic Union and Indonesia and called Jakarta a reliable, longstanding friend within ASEAN.
Indonesian President Prabowo Subianto thanked Russian President Vladimir Putin for the warm welcome and hospitality. During his visit, he also said he was pleased to experience the beauty of Vladivostok.
Indonesian President Prabowo Subianto called Russia an important partner for Indonesia during talks with Vladimir Putin in Vladivostok. He said the two countries have profound historical ties spanning more than five decades and expressed pride that their relationship reached the level of a strategic partnership last year.
Russian President Vladimir Putin is holding a working breakfast with Indonesian President Prabowo Subianto on the sidelines of the Eastern Economic Forum in Vladivostok. It is Subianto’s second visit to Russia this year and the leaders’ sixth official contact. They will later address the forum’s plenary session.
The WMO says El Niño could be the strongest since at least 1950 and last until February 2027. UN chief António Guterres warns the world is entering a “danger zone of extreme weather”, with drought, stronger typhoons, flooding and heat threatening communities and economies. Governments are strengthening early-warning systems and other preparations.

The nuclear-powered USS Abraham Lincoln reached Thailand on 2 September after spending 250 consecutive days at sea without a port call, allowing nearly 5,000 sailors to rest ashore. Pattaya businesses are hoping for a boost from their spending, while Thai and US officials are restricting access to some adult-entertainment areas and increasing patrols.


Nearly 5,000 sailors from the USS Abraham Lincoln arrived in Pattaya after 250 days at sea. Many went shopping soon after coming ashore, while others visited the resort’s nightlife district later. Shore Liaison Group personnel monitored the crew and coordinated with Thai authorities.

The USS Lincoln docked in Thailand on Wednesday morning after spending a record 286 consecutive days at sea. It will remain there for several days before heading to San Diego.
European Commission President Ursula von der Leyen says Europe is entering a new security era marked by rising hybrid threats. Spain’s government is in disarray after a leaked report disclosed Morocco’s involvement in the Ceuta crisis, while EU affairs ministers meet in Dublin to discuss the EU budget.
The Swedish wife of a British man detained in Stockholm and told he could be deported within two weeks has appealed to Andy Burnham to intervene. She says an appeal against the deportation is still before the courts. The case is the latest in a wider dispute over Sweden’s post-Brexit treatment of British residents, amid criticism of its refusal rate for residency applications.

Israel’s election is largely a referendum on Benjamin Netanyahu’s nearly uninterrupted 17-year rule and his handling of a turbulent period shaped by mass protests, Hamas’ Oct. 7, 2023, attacks and nearly three years of war.
A marine bacterium that disrupted Israel’s desalination plants has led the government to increase freshwater pumping from the Sea of Galilee and aquifers.
China and Singapore will hold the Cooperation-2026 joint maritime exercise near Zhanjiang in Guangdong Province in early September, China’s Ministry of National Defense said. The drills will cover naval gunfire, replenishment at sea and joint search and rescue, aiming to deepen trust, expand practical cooperation and strengthen regional peace and stability capabilities.
ReutersFighting in the Middle East intensified over the weekend after US airstrikes hit Iranian rocket launchers on Larak Island. The strikes were described as retaliation for Iran’s new capability to fire mines into the Strait of Hormuz. Such use of rocket launchers would be unprecedented but possible, though some analysts remain sceptical.

A viral video shows strangers in Taiyuan joining forces to rescue a woman who was hit by a car and dragged underneath it. When the vehicle proved too heavy to lift at first, more passers-by arrived to help.

Uber and Wayve have deployed supervised robotaxis on London’s winding streets. The UK capital’s centuries-old roads pose challenges that Los Angeles and San Francisco do not.
Chinese Vice Premier Ding Xuexiang met Russian President Vladimir Putin in Vladivostok and conveyed Xi Jinping’s greetings. Ding called for deeper investment and energy cooperation and closer alignment between China’s northeast revitalization and Russia’s Far East development strategies. Putin said Russia was ready to strengthen strategic coordination with China.

The Ghana Football Association has reappointed 73-year-old Portuguese coach Carlos Queiroz for an indeterminate period, two months after he resigned following the World Cup. His new mandate begins during the next international window, when Ghana are scheduled to face Ivory Coast home and away in 2027 Africa Cup of Nations qualifying.

Sussi Ye, a 32-year-old Hangzhou resident, began buying gold bars in small batches at the start of the year and has built a hoard worth about 200,000 yuan (US$29,700). Despite price swings, she has sold none, saying she prefers tangible physical gold to gold-linked financial products because it provides a sense of security.

Russian Foreign Minister Sergey Lavrov said that agreeing to freeze the conflict while leaving the current Kiev regime in place would amount to giving the revival of Nazism a green light. He said this would preserve a threat on Russia’s borders and betray the ancestors who defeated Nazism in 1945.
Thailand’s Securities and Exchange Commission has issued a Travel Rule requiring supervised crypto platforms to collect and transmit identifying information about transfer participants. It takes effect on February 27, 2027. Transfers above 30,000 baht require extra recipient or entity details, while high-value transfers from self-hosted wallets require verification that the user controls the wallet.

Volkswagen’s supervisory board is due to meet on Friday to vote on the automaker’s largest restructuring programme ever. Plans to cut jobs and capacity have faced fierce opposition from unions and shareholder Lower Saxony.
Unhedged readers weigh in on the 60/40 portfolio.
AFP News AgencyRussian Foreign Minister Sergey Lavrov said the West is trying to destabilize Russia ahead of parliamentary elections. He said provocations involve migrant associations engaged in anti-Russian politics, Western diplomatic presence in Russia and open encouragement of terrorist acts by the Kiev regime.
Chinese rescuers are working urgently after a devastating mudslide struck Gyirong Port in southwest China's Xizang Autonomous Region on Sept. 2, 2026.

Key equipment for reinforcing roads has reached the rescue site in Gyirong County, southwest China's Xizang Autonomous Region, to support rescue efforts. The shipment includes 40 sets of roadbed plates, cranes and other essential equipment.
A new UNICEF report estimates that about 20 million internet-using children in 21 countries experienced sexual exploitation or abuse on digital platforms over one year. Most cases took place on social media platforms.

A UNICEF survey of around 21,000 internet-using young people in 21 countries found that one in five respondents aged 12 to 17 experienced online sexual abuse in the past year. More than 15 million children were exposed to unwanted sexual content, while many were pressured into sexual conversations or sharing images. UNICEF warned the true scale is likely higher.
China carried out an integrated marine geophysical survey from August 10 to 31 in waters east of Taiwan Island that the Ministry of Natural Resources describes as under China's jurisdiction. Researchers gathered data on seafloor terrain, sediments, deep geological structures and geophysical fields to support further research and maritime management.

China’s Ministry of Natural Resources surveyed waters east of Taiwan last month, state broadcaster CCTV reported. The ministry said the work would support creation of “one map” for territorial planning and resource management.
The 20 Premier League clubs spent more than €4 billion during the summer transfer window, setting a new record. Manchester City also established a single-club record by spending over €500 million on new signings.

Israeli forces carried out multiple raids in the occupied West Bank and East Jerusalem. Israeli forces and illegal settlers have intensified attacks across the occupied West Bank, including East Jerusalem, since October 2023.

Russian Foreign Minister Sergey Lavrov said Vladimir Zelensky’s attacks on military infrastructure and warnings that civil aviation in Russia is unsafe are intended to destabilize the country and trigger an uprising. Lavrov said efforts to undermine Russia are being pursued through what he called “the Kiev regime’s atrocities,” including strikes on marketplaces and other infrastructure.
Russian Foreign Minister Sergey Lavrov said Western countries are openly encouraging the Kyiv government to carry out terrorist acts. He claimed attempts were being made to organize provocations through Western diplomatic presence in Russia, with the aim of stirring public discontent and undermining stability.
Torrential rain caused severe flooding in parts of eastern China, sending water through streets and carrying vehicles away. One weather station measured more than half a metre of rain as authorities raised the emergency response to its highest level.

Russian Foreign Minister Sergey Lavrov said NATO is desperately looking for pretexts to prolong what he called its “totally artificial” existence. He said the alliance should have dissolved after the Soviet Union collapsed, like the Warsaw Pact, but instead used Afghanistan and later a fabricated Russian threat to justify preserving the military bloc.
Russian Foreign Minister Sergey Lavrov said sanctions have become the West’s main foreign-policy tool, displacing diplomacy. He argued that Western countries increasingly seek to dictate their will rather than participate in consensus-based structures and reach agreements.
A Maltese tycoon has been acquitted over the murder of reporter Daphne Caruana Galizia, prompting outrage. Her killing shocked the world and brought Malta, the EU’s smallest member state, under scrutiny over apparent rule-of-law failures.
A new study suggests that teenagers whose sleep schedules vary between weekdays and weekends may be more likely to experience anxiety. The mismatch is described as “social jet lag.”
A confrontation is developing between Volkswagen management and unions over restructuring plans. As Germany’s auto industry seeks to protect its future, attention is shifting to the sector’s 35-hour working week and whether longer hours would actually resolve Volkswagen’s problems.
A dispute between the US and China derailed a joint G20 statement, with the disagreement largely revolving around a single word.
Angus Taylor and Matt Canavan have announced an 80% tobacco-excise cut alongside plans to legalise and regulate vapes and nicotine pouches, arguing cheaper cigarettes would undermine illicit sellers. Public health experts, the Australian Medical Association and Labor oppose the proposal, warning that lower prices could increase smoking and reverse tobacco-control gains.

Indian shares climbed on Thursday, led by lenders, after banks raised a larger-than-expected $136.4 billion through the Reserve Bank of India’s foreign-currency deposit and borrowing schemes, strengthening liquidity ahead of the festive season.
Once regarded as an old-fashioned way to travel, coach holidays are making a comeback. The feature highlights five European routes, ranging from luxury tours to self-planned city-hopping trips.
Russian Foreign Minister Sergey Lavrov said EU fears that Russia might “conquer” its member states are detached from reality. He argued that EU and NATO governments constantly need an enemy, saying the West “needs an enemy all the time.”
A powerful thunderstorm struck Toronto, damaging buildings, closing roads and leaving at least 45,000 electricity customers without power. Torrential rain, strong winds and hail caused severe flooding, affected a hospital and transit services, and delayed or cancelled dozens of flights at Pearson International Airport.

As water shortages intensify, local communities in Gilgit-Baltistan are reviving the Indigenous practice of glacier grafting to create new sources of water.
A recent report measuring both the share of people who donate and the proportion of their income given away places Ireland and Romania among Europe’s most generous countries.
A BBC investigation found that people-smuggling gangs operating from northern France are short of small boats and are bringing rival groups together to load more migrants onto larger inflatable vessels. More “mega-dinghies” are reportedly being prepared, while fares have risen to as much as €2,000 per person and emergency teams warn of greater danger at sea.

Russian Deputy Prime Minister Alexey Overchuk said free trade agreements between the Eurasian Economic Union and Indonesia and the United Arab Emirates will take effect in the very near future. Talks on a similar deal are progressing with India, while consultations with Pakistan have also been held.
Remixpoint recorded gains on ether, Solana and XRP, but sold Dogecoin below its fiscal-year opening value as it focused its crypto holdings on bitcoin, making DOGE its only losing bet.

Rosatom CEO Alexey Likhachev says work is advancing on the contract and legally binding agreements for Vietnam’s Ninh Thuan 1 nuclear power plant. The project has selected a Generation III+ VVER-1200 reactor, while surveys for a research reactor are also underway.
Russia’s Rosatom and Kazakhstan Nuclear Power Plants signed a contract at the Eastern Economic Forum to build the two-unit Balkhash Nuclear Power Plant, with total capacity of 2,400 MW. Rosatom CEO Alexey Likhachev said the agreement marks a new stage in cooperation and that design work will begin soon.
Russia will close Goethe-Institut branches in Moscow, St. Petersburg and Yekaterinburg in response to Germany’s closure of the Russian House in Berlin, Foreign Minister Sergey Lavrov said. He called Germany’s justification—an allegedly Russian drone that crashed at Leipzig/Halle Airport—false and said the evidence remained unconfirmed.

Russian Foreign Minister Sergey Lavrov said branches of Germany’s Goethe-Institut in Moscow, St. Petersburg and Yekaterinburg would be closed. The move follows Germany’s announcement that it would shut the Russian House in Berlin.
Trade between Russia and China grew 22% in the first half of 2026 to more than $135 billion, First Deputy Prime Minister Denis Manturov said. He said the pace was steadily moving the countries toward their $300 billion target, while their leaders praised trade and economic cooperation as a key pillar of bilateral ties.
Russian First Deputy Prime Minister Denis Manturov said bilateral trade between Russia and China grew 22% to more than $135 billion in the first half of 2026. He said the increase brings the countries closer to their $300 billion trade target.
Ukrainian volunteer Mykhailo Puryshev has safely returned to Ukraine after traveling to Moscow in August. He said Russia’s FSB had pressured him for information on Ukrainian military positions by threatening his son in Russia. Puryshev said he could not yet disclose all details but planned to resume his volunteer work.
A US-Saudi agreement on peaceful nuclear cooperation leaves open the possibility of uranium enrichment of up to 20%, The Wall Street Journal reported, citing the text submitted to Congress. It does not automatically authorize enrichment in Saudi Arabia. Officials will spend two years assessing feasibility and safeguards; any facility would initially enrich to up to 5%, with a possible later increase toward 20%.
Volkswagen premium subsidiary Audi said on Thursday that it had established an innovation hub with Chinese partner SAIC Motor for the China-exclusive AUDI brand.
The yen strengthened as traders wagered on higher interest rates in Japan. The currency fell below ¥157 to the dollar after a sudden overnight jump.
Russian Foreign Minister Sergey Lavrov said he plans to again discuss what really happened in Bucha with UN Secretary-General Antonio Guterres during the UN General Assembly’s High-Level Week in September. He added that Russia routinely raises the issue at press conferences held alongside the assembly.
Russian Prosecutor General Alexander Gutsan said damage from economic crimes reached 328 billion rubles ($3.76 billion) in the first half of 2026, nearly twice the year-earlier figure. The share of damages recovered fell from nearly 40% in the first half of 2025 to 8% in the same period of 2026.
Former Trump campaign chair Rob Arlett tells Al Jazeera that President Trump is focused on protecting both himself and the Republican Party. Arlett says Trump’s personal brand and ability to motivate voters remain central to the GOP’s midterm election strategy.

New Zealand exporters are redirecting shipments originally bound for China to other markets as demand from the country’s largest buyer cools, according to a Reserve Bank of New Zealand official who spoke to CNBC.

Several Russian companies, including Rusaviaprom, Motor Aircraft Repair Enterprise and Tekhnoregion, are working to upgrade the An-2 aircraft, Deputy Industry and Trade Minister Gennady Abramenkov told TASS. He said certification of the basic model enables development and production of new modifications.
Russian Foreign Minister Sergey Lavrov said the European Union is losing its economic competitive advantages because of short-sighted approaches, or even “outright stupidity.” He predicted that countries including Serbia and Armenia may soon lose their desire to join the bloc.
A kayaker in Arkansas paddled to a stranded kitten and rescued it from tree roots in a creek.

EU foreign policy chief Kaja Kallas warned that Israel’s E1 settlement project in the occupied West Bank would further damage prospects for a two-state solution. The UN humanitarian office voiced deep concern for Palestinian civilians, while Palestinian officials said two minors were killed by Israeli gunfire and reported that the Khirbet at Tabban community had been destroyed by Israeli forces.

Nicolas Maduro, who has described himself as a “prisoner of war” and his capture as a “kidnapping,” is asking for the charges against him and his wife to be dismissed. Their lawyers argue that only Venezuelan courts have jurisdiction to prosecute them, citing diplomatic immunity.

Former Venezuelan President Nicolas Maduro has asked a US judge to dismiss drug-trafficking charges, arguing that a sovereign head of state is immune from prosecution. His lawyer also claims the court lacks jurisdiction and says the prosecution violates longstanding international-law protections for heads of state.
The defense team for Venezuelan President Nicolas Maduro has asked a New York judge to dismiss all charges against him, arguing that sovereign immunity protects heads of state from criminal prosecution abroad. The lawyers say the court lacks jurisdiction and must dismiss the indictment with prejudice.

Venezuelan President Nicolás Maduro is asking a US judge to dismiss the charges against him, arguing that he is protected by immunity. His effort will test US courts’ general reluctance to apply international law in criminal cases.
Russia and China plan to add more initiatives to their joint investment portfolio, First Deputy Prime Minister Denis Manturov said. Six projects entered the portfolio this year, covering refractory materials, food additives and components, chemical complexes, and iron ore extraction and processing. The updated portfolio contains 65 major and 26 prospective projects valued at about $240 billion, with more than half already being implemented.
Russia has 75 oil and gas fields on its continental shelf, with production already operating at 20 of them, Deputy Natural Resources Minister Dmitry Tetenkin said at the Eastern Economic Forum. He added that offshore exploration and production are proceeding alongside onshore operations.
A look at the day ahead in European and global markets, where bonds are breathing a sigh of relief.
Deputy Natural Resources Minister Dmitry Tetenkin said at the Eastern Economic Forum that unique synnyrite and loparite ores are mined only at the Lovozero deposit in Russia’s Murmansk Region. Loparite is a source of niobium and tantalum. He added that Russia’s subsoil contains 236 types of minerals.
In Diyarbakir, Turkiye, a neighbour climbed the outside of a building to save a girl who was dangling from a third-floor balcony. Witnesses recorded the rescue.

Industry and Trade Minister Anton Alikhanov said at the Eastern Economic Forum that Russia’s Far East plans to build mining and processing plants for tungsten and gold. He also cited an implemented copper project and plans for another copper deposit and a tin smelter.
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