WorldNepalese and Chinese rescue teams are searching for survivors in difficult conditions after devastating floods struck on Wednesday. Some people are being airlifted from remote valleys, while blocked waterways are creating lakes that could burst their banks.
TechXbox chief executive Asha Sharma says the company needs to consider affordability for its next-generation console as rising computing prices create a “crisis”. She says AI spending is partly driving up hardware costs, and reveals that players will soon be able to obtain digital versions of many physical games they already own.
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WorldNepali authorities have named nine Singaporeans reported missing after floods struck the Nepal-Tibet border. They were listed among tourists who could not be contacted, including 53-year-old Sumit Rawla and his 49-year-old wife, Shu-bak-shi Raw-la. They were travelling with Himalayan Glacier, while most of the group had been staying at Hotel Kai-lash near the Nepal-China border.
EconomyKenneth Rogoff, a Harvard economics professor and former IMF chief economist, says the US deficit is unlikely to be tackled until a major crisis forces voters to act. He spoke with Bloomberg’s Tom Keene during the Federal Reserve’s annual conference in Jackson Hole, Wyoming.
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ScienceThe August sturgeon moon rises above Greece’s Temple of Poseidon.
Reuters
WorldThe UK, like much of Europe, is experiencing one of its worst droughts in years as reservoir levels drop sharply. The conditions have renewed concerns about years of underinvestment in water infrastructure and future supplies. New reservoirs could add capacity, but some affected communities oppose projects over their environmental and social costs.
ScienceFort Saskatchewan-born Canadian Space Agency astronaut Joshua Kutryk is due to fly to the International Space Station in two weeks on SpaceX’s Crew-13 mission, scheduled to begin Sept. 12. He will travel with NASA astronauts Jessica Watkins and Luke Delaney, along with Roscosmos cosmonaut Sergey Teteryatnikov.
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PoliticsNew York City Mayor Zohran Mamdani’s business adviser, Robert Wolf, discusses the city’s business environment as Mamdani proposes a tax-the-wealthy plan. Wolf analyzes how tax hikes could affect high-value real estate.
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EconomyThe episode examines Bullish becoming the first company to trade tokenized equity on a Gibraltar FSC-regulated digital asset exchange. Bullish’s head of tokenization, Thomas Cowan, says issuer-sponsored tokenization is about more than faster settlement and could reshape how companies relate to their customers.
CoinDesk
WorldThe scale of Nepal’s disaster remains impossible to fully assess. Entire communities are still hard to reach, tens of thousands have been affected and official evaluations are only beginning. The Nepal Red Cross delegation head says the challenge extends beyond the immediate humanitarian emergency to what happens to these communities in the years ahead.
WorldNepal’s confirmed death toll has reached at least 538, while families continue searching hospitals and disaster zones for nearly 1,000 people still missing. More than 3,700 have been rescued, but damaged roads and bridges, along with deep mud, are hampering the search.
CultureAfter being shelved by Warner Bros. for three years, Coyote vs Acme has reached theatres. The live-action and animated comedy follows Wile E. Coyote as he takes Acme Corporation to court over faulty products that disrupted his pursuit of the Road Runner. It stars Will Forte, John Cena and Lana Condor.
EconomyFed Chair Kevin Warsh says the central bank may need to raise interest rates if underlying inflation fails to return to its 2% target, while financial conditions remain insufficiently restrictive.
Reuters
EconomyUS national debt has surpassed $40 trillion as higher long-term rates push debt-servicing costs to records. Recent Treasury measures have failed to deliver a sustained drop in yields, raising the question of whether the bond market’s fundamentals have changed.
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EconomyMarkets are pricing in about an 80% chance of a 25-basis-point Bank of Japan rate increase in September. With inflation firming and a weak yen raising import costs, a sharp yen rally could accelerate the unwinding of carry trades, pressure equities and push up bond yields in Japan and the US.
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WorldThe coffin of Norway’s King Harald V is being transferred from the country’s national hospital in Oslo to the Royal Palace. Harald, who had reigned for 35 years, died early Friday at the age of 89.
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EconomyGold and silver plunged in March as geopolitical tensions stoked inflation fears, while copper held firm amid supply shortages and structural demand. The segment asks whether metals’ response to global conflict is undergoing a lasting shift or merely a temporary divergence.
Bloomberg Television
CulturePolice said two men involved in Thursday’s heist did not wear masks, paid for museum entry and were clearly captured on surveillance cameras. The thieves took a necklace valued at millions.
EconomyFederal Reserve Chair Kevin Warsh leads Bank of England Governor Andrew Bailey and Bank of Canada Governor Tiff Macklem on a traditional walk during the Fed’s annual gathering in Jackson Hole, Wyoming.
Bloomberg Television
EconomyBank of England Governor Andrew Bailey called Federal Reserve Governor Kevin Warsh’s speech at the annual Jackson Hole conference one of “real substance.” Bailey also said the UK is not yet seeing significant second-round inflation effects.
Bloomberg Television
WorldNorway is mourning King Harald V, the country’s longest-serving monarch, who died at 89 as tributes arrived from across Europe. His death opens the way for Crown Prince Haakon to become king, while the royal family faces renewed scrutiny over Crown Princess Mette-Marit’s reported past ties to Jeffrey Epstein and her son’s rape conviction.
CultureNetflix’s Emily in Paris has been praised by French President Emmanuel Macron, who awarded creator Darren Star the Légion d’Honneur last year. Yet many critics and some Parisians object to the show’s clichés about an American marketing executive living a glamorous fantasy in Paris. Its sixth and final season is due later this year.
BBC News
World3:22About 500 people are sheltering at a monastery converted into a relief camp in northern Kathmandu after devastating floods left many families mourning lost homes and loved ones. Rescue teams are continuing an overnight search for nearly 1,000 missing people.
World8:14Nepal’s national disaster agency said 579 people had died and 1,924 were missing, including 517 foreign nationals. Rescue operations have resumed in flood-devastated areas after a pause over fears that a barrier lake could trigger another deluge. China’s first professional rescue team reached the hardest-hit Gyirong port.
CNN