It has been a rollercoaster week of losses and gains for world markets, but it looks like the Bank of Japan just helped save the day. Elsewhere, we are covering Bangladesh's political turmoil and Portugal's suffocating housing crisis. But first, the suspense is over. Kamala Harris picked Tim Walz as her running mate. We look at what's next. |
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Harris and Walz campaign together for the first time. REUTERS/Kevin Lamarque |
Bangladesh's political turmoil |
- British police are bracing for further anti-Muslim riots as far-right groups pledged to target asylum centers and immigration law firms across the country. Prime Minister Keir Starmer has warned rioters they will face lengthy jail terms as he sought to stamp out the worst outbreak of violence in Britain in 13 years.
- Thailand's Constitutional Court ordered the dissolution of the popular anti-establishment opposition party, Move Forward, over its controversial campaign to amend a law that protects the powerful monarchy from criticism.
- Hamas named its Gaza leader Yahya Sinwar as successor to former political chief Ismail Haniyeh, who was assassinated in Tehran last week, in a move that reinforces the radical path pursued since the Oct. 7 attack on Israel. Follow the latest.
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This tally tracks the top five countries as medals are awarded. Updates every 30 minutes. |
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BOJ deputy governor played down the chance of a near-term rate hike in borrowing costs. REUTERS/Kim Kyung-Hoon |
- The Bank of Japan's influential deputy governor said the central bank will not hike interest rates when markets are unstable. The remarks by Shinichi Uchida boosted Japan's Nikkei share average and sent the yen sharply lower.
- The market volatility has emerged as a test case for Prime Minister Fumio Kishida's drive to transform Japan from a nation of savers to one of investors, a shift crucial for the world's fourth-largest economy as it confronts a rapidly ageing population.
- China's exports grew at their slowest pace in three months in July, missing expectations and adding to concerns about the outlook for the vast manufacturing sector, while a rush to boost chip supplies before expected US tech curbs bumped up imports.
- Apple's lucrative deal with Google could be under threat after a US judge ruled that the search giant was operating an illegal monopoly. A potential remedy could involve terminating the agreement that makes its search engine a default on Apple devices, analysts said.
- Novo Nordisk trimmed its full-year profit outlook after reporting weaker-than-expected quarterly sales of its popular weight-loss drug Wegovy, stirring worries among investors about stiffening competition from Eli Lilly.
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Migrants struggle to cope with Portugal's 'suffocating' housing crisis. REUTERS/Pedro Nunes |
Seeking a more comfortable life, 50-year-old carpenter Andreia Costa moved to Portugal from Brazil in 2022, but within months her hopes were dashed, as the country's housing crisis left her unable to afford accommodation and forced to live in a tent. On a site on the outskirts of Lisbon she was joined by other migrants and some locals, priced out of a city where rents have soared 94% since 2015 and house prices have risen 186%. |
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"Bluey" coins worth $400,000 were stolen by an Australian warehouse worker, police say. REUTERS/Mike Segar |
An Australian man is set to appear in court after being arrested for the alleged theft of around $393,000 worth of commemorative coins linked to the popular children's television show "Bluey." The 47-year-old is accused of stealing 63,000 unreleased, limited-edition A$1 coins from a secure warehouse in Sydney. |
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