Trump drops a 24-hour-old vow to charge cargo ships for using the Strait as the US continues its battle to break Iran’s hold on the waterway. ...
Strait of Hormuz ‘faultline’ exposes weakness of the US-Iran dealStrait of Hormuz ‘faultline’ exposes weakness of the US-Iran deal
Control of the waterway has become a key point of contention between the US and Iran, as a ceasefire deal falters. ...
Israeli strike on police post in north Gaza kills seven, officials sayIsraeli strike on police post in north Gaza kills seven, officials say
A senior officer in the Hamas-run police force was among those killed in the strike, which Israel’s military says targeted “terrorists”. ...
Diamond giant De Beers halts work at flagship South African mine as demand plummetsDiamond giant De Beers halts work at flagship South African mine as demand plummets
Production will stop for two years at the mine which employs more than 4,000 people. ...
‘If we die, we die together’: Wife of man nearly sucked out of Ryanair plane speaks of ordeal‘If we die, we die together’: Wife of man nearly sucked out of Ryanair plane speaks of ordeal
Svetlana Grković told Serbian media that her husband is “seriously injured and in shock”. ...
Police say Ann Widdecombe killed in ‘targeted attack’ as motive investigatedPolice say Ann Widdecombe killed in ‘targeted attack’ as motive investigated
Counter terror police say they have obtained a warrant to hold a 28-year-old suspect for up to seven days. ...
AI is the business-model shock law firms needAI is the business-model shock law firms need
Liz’s view It’s easier to change the law than the firms that practice it, an old industry saying goes. Teleport a lawyer from the 1970s to a big law firm today and the work looks basically the same, except with better pay (shockingly at the high end) and computers. Young ...
IBM’s warning sows anxiety for investorsIBM’s warning sows anxiety for investors
It might be tempting to dismiss IBM’s early profit warning — its first since the early 2000s — as a misstep by a tech company stuck in an earlier era, rather than an indictment of the software sector or a broader economic warning bell. But CEO Arvind Krishna’s comments paint ...
Tariff refunds weigh on federal budgetTariff refunds weigh on federal budget
Tariff refunds are squeezing the federal budget. The US paid out $26 billion more in refunds than it collected in June after a February Supreme Court decision struck down most of the Trump administration’s levies, contributing to a widening $120 billion monthly deficit. The White House justified tariffs partly as ...
Bonta’s Paramount suit underwhelmsBonta’s Paramount suit underwhelms
California’s case against Paramount landed yesterday with a whimper, not a bang. Rob Bonta and 11 other attorneys general argue that a combined Paramount-Warner Bros. Discovery would hurt competition in three markets: general film distribution, blockbuster film distribution, and cable TV. Paramount plans to contest Bonta’s definition of “blockbuster” films ...