BRICS Challenges SWIFT

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BUSINESS & ECONOMY

🌐 BRICS Unveils New Financial System Like SWIFT

The BRICS alliance revealed plans for a new financial messaging system akin to SWIFT, aiming to shift away from the US dollar in cross-border transactions. Built on state-owned banks within BRICS countries, it facilitates trade using local currencies. Deputy Chairman of the Russian State Duma, Alexander Babakov, emphasized, "Creating our own financial messaging system solves major tasks for BRICS countries."

🌍 Yellen: Climate Action Is Top Economic Opportunity

US Treasury Secretary Janet Yellen proposed that combating climate change could drive global economic growth. Speaking at the Amazon River, she emphasized the need for an annual $3 trillion investment until 2050 to reduce carbon emissions, calling it "the single greatest economic opportunity of the 21st century" aiming to promote sustainable and inclusive growth worldwide.

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WORLD

🚀 Putin Warns of Retaliation if US Deploys Missiles in Germany 

Russian President Vladimir Putin has pledged "mirror measures" if the US proceeds with its 2026 plan to deploy long-range and hypersonic missiles in Germany. This action would end Russia’s moratorium on similar weapons. Putin emphasized, "If the U.S. implements such plans, we will consider ourselves free from the previously imposed unilateral moratorium."

🔥 Jasper National Park Wildfire May Burn for Months, Official Warns

According to Parks Canada official Landon Shepherd, a wildfire in Jasper National Park has destroyed hundreds of structures and could burn for months. With the fire season extending into fall and hot spots still active, over 20,000 people have been evacuated. Shepherd warned, “We’re going to be working on this wildfire, we expect, over the next three months at least.”

🗳️ Maduro Wins Contested Venezuela Vote

President Nicolás Maduro has been declared the winner of Venezuela's presidential election by the National Electoral Council, with 51.20% of the vote. Opposition candidate Edmundo González, who claims he won with 70%, disputes the results and alleges fraud. International reactions were skeptical, with the U.S. stating, "serious concerns that the declared outcome does not reflect the will or the votes of the Venezuelan people." 

🇹🇷 Erdogan: Turkey May Intervene in Israel to Aid Palestinians

President Tayyip Erdogan hinted that Turkey might intervene in Israel to support Palestinians, similar to its actions in Libya and Nagorno-Karabakh. He criticized Israel's Gaza offensive and emphasized Turkey's military strength. Erdogan declared, "We must be very strong so that Israel can't do these ridiculous things to Palestine." 

SCIENCE & TECH

📱 Justice Dept. Accuses TikTok of Harvesting User Data on Social Issues

The Justice Department accuses TikTok of collecting American user data on social issues like abortion and gun control to share with ByteDance engineers in China. Documents filed with the federal appeals court reveal the use of Lark's internal system for data transfer, raising national security concerns and prompting a potential U.S. ban on TikTok.

🌠 Double Meteor Showers to Illuminate Night Skies This Week

This week, the Southern Delta Aquariid and Alpha Capricornid meteor showers will illuminate the night sky. The Delta Aquariids, peaking between July 29-30, will display 15-20 meteors per hour in the Northern Hemisphere and more in the Southern. The Alpha Capricornids, peaking on July 31, will show about five meteors per hour.

SPORTS & ENTERTAINMENT

🏅 Simone Biles Overcomes Calf Injury to Dominate Olympic Qualification

Simone Biles overcomes a minor calf injury to dominate the Olympic gymnastics qualifying round in Paris. With her left leg heavily taped, Biles scored 59.566 in the all-around, surpassing teammate Sunisa Lee. Despite the injury, Biles excelled on the floor and vault, aiming for gold in the finals. Coach Cecile Landi remarked, "It was pretty amazing, 59.5."

🏀 LeBron and Durant Lead U.S. to Victory Over Serbia in Olympic Opener

LeBron James and Kevin Durant led the U.S. men's basketball team to a 110-84 victory over Serbia in their Olympic opener. James, returning after 12 years, scored 21 points, grabbed 9 rebounds, and made 7 assists, while Durant added 23 points in 17 minutes. Despite an early deficit, the U.S. dominated with a combined 18-for-22 shooting from the duo. 

🏅 U.S. Wins First Men's Swimming Gold; Ledecky Takes Bronze in 400m Free 

The U.S. won its first gold at the Paris Olympics in the men’s 4x100 meter freestyle relay. The team—Jack Alexy, Chris Guiliano, Hunter Armstrong, and Caeleb Dressel—finished 1.07 seconds ahead of Australia, with Italy taking bronze. Dressel now holds eight Olympic golds. Dressel stated, "It's an incredible feeling to bring home gold."

OTHER NEWS

🗳️ Trump: Elect me, no need to vote again

Trump told Christian conservatives at the Turning Point Action's Believers Summit that if they vote for him, they won't need to vote again. He stressed that their vote would "fix" the country in four years. Critics, including the Harris campaign, called this a threat to democracy. Trump stated, "You won't have to do it anymore. Four more years. You know what? It'll be fixed."

👩‍💼 More Women Are Working Two Jobs Than Ever

More women are working than ever, holding a record 79 million jobs in the U.S. The labor force participation rate for prime-age women rose to 78.1%, driven by high demand for employees, remote work opportunities, and female entrepreneurship. However, many women face dual responsibilities of managing their careers and households, often working effectively two full-time jobs.

THIS DAY THAT YEAR

On July 29, 1958, President Dwight D. Eisenhower, who had downplayed Sputnik as "one small ball in the air," signed the legislation establishing the National Aeronautics and Space Administration (NASA), which was officially founded on October 1, 1958.

BRAIN TEASER

What grows up while growing down?

Nailed it or stumped? Hit us with a reply and find the correct answer 🎯

Here’s what Friday’s teaser was:

What do the letter "t" and an island have in common?

The answer is: They are both found in the middle of water

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