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BUSINESS & ECONOMY

📉 Japan's Nikkei 225 Drops 12.4% Amid US Economy Fears

Japan’s Nikkei 225 index plummeted 12.4%, closing at 31,458.42 points, while the TOPIX index dropped 12.8%. This sharp decline was triggered by investor fears over the U.S. economy following unexpectedly weak job data hitting global markets, with Germany’s DAX down 2.5%, Paris’ CAC 40 falling 2.4%, and London's FTSE 100 losing 2%. 

📉 Treasury Yields Plunge Amid Recession Fears

Treasury yields fell amid recession fears sparked by weak economic data. The 10-year yield dropped over four basis points to 3.7547%, and the 2-year yield fell by more than nine basis points to 3.7807%, hitting levels not seen in over a year. Concerns intensified after July’s nonfarm payrolls and employment rate data showed a weakening labor market.

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WORLD

🏖️ Al Qaeda-Linked Attack at Somali Beach Hotel Kills 32

Al-Shabab militants, linked to al-Qaeda, attacked a popular beach hotel in Mogadishu, Somalia, killing 32 people and injuring 63. The attackers used explosives and gunfire, targeting Friday night revelers, both civilians and soldiers. This assault is part of al-Shabab's campaign to impose an Islamic state and coincides with Somalia's security transition phase.

🔪 Riots Erupt in UK After False Stabbing Blame on Asylum Seeker 

Riots erupted in the UK after false rumors blamed an Asylum Seeker for a stabbing at a Taylor Swift-themed event, killing three girls. The suspect, 17-year-old Axel Rudakubana, born in Wales to Rwandan parents, was misidentified. Rioters attacked a mosque, torched a library, and vandalized a Churchill statue. PM Starmer vowed to bring the rioters to justice, calling it "far-right thuggery." 

SCIENCE & TECH

📱 Apple Unveils Roadmap: iPhone 17 in 2025 And Foldables in 2026

Analyst Jeff Pu reveals Apple's roadmap starting with the iPhone 17 in 2025, featuring AI integration, redesign, and ProMotion display for all models. The iPhone 17 Slim, priced at $1,299, will have an A19 chipset, 8GB RAM, and a centered camera array. By 2026 two foldable devices, a clamshell iPhone and an iPad/Mac hybrid with a 20.3-inch display are expected.  

🍏 Apple Unveils Apple Intelligence in iOS 18.1 Beta

Apple is rolling out Apple Intelligence features in the developer beta of iOS 18.1, limited to U.S. English and U.S. regions. To enable it users can go to Settings, click on Apple Intelligence & Siri, and "Join the Apple Intelligence waitlist." Once approved, you'll receive a notification. This beta might have bugs, so non-developers may prefer waiting for the stable release later this year.   

SPORTS & ENTERTAINMENT

🥇 Noah Lyles Wins 100m Gold at Paris 2024 Olympics

Noah Lyles clinched gold in the 100m at the Paris 2024 Olympics with a stunning 9.79 seconds, narrowly beating Jamaica's Kishane Thompson by 0.005 seconds and American Fred Kerley by 0.02 seconds. Overcoming a slow start, Lyles surged past his competitors, securing his place in Olympic history. He stated, "Time stood still, but I kept moving."

🏅 Djokovic Triumphs Over Alcaraz to Win Olympic Gold

Novak Djokovic defeated Carlos Alcaraz 7-6 (7-3), 7-6 (7-2) to clinch his first Olympic gold in Paris, becoming the oldest tennis player to win the title at 37. Djokovic, a 24-time Grand Slam champion, saved all eight breakpoints and dominated both tie-breaks. Alcaraz earned silver on his Olympic debut while Italy's Lorenzo Musetti took bronze.  

🏅 Team USA Sets World Record in Medley Relay, Closes Olympics with Most Golds

Team USA set a new world record in the women's 4x100m medley relay, finishing at 3:49.63 and securing their eighth gold in swimming. Regan Smith, Lilly King, Gretchen Walsh, and Torri Huske led the charge, with Australia taking silver and China bronze. This victory ensured Team USA topped the gold medal count, maintaining a winning streak since 1988. 

OTHER NEWS

🌪️ Hurricane Debby Strengthens, Heads Toward Florida

Tropical Storm Debby intensified into a Category 1 hurricane and made landfall in Florida’s Big Bend area today. As the fourth named storm of the 2024 season, Debby threatens heavy rain, catastrophic flooding, and significant storm surges in Florida, Georgia, and South Carolina. Severe weather impacts are expected to continue through Friday. 

🌡️ Death Valley Sets Record for Hottest Month on Earth

Death Valley, California, recorded an average July temperature of 108.5°F, the highest monthly value globally, per climatologist Brian Brettschneider. The valley's temperatures ranged from 111°F to 129°F, with a peak of 129°F on July 7. This extreme heat coincides with global temperature records and ongoing human-induced climate change. Brettschneider stated, “This is a clear signal of the climate crisis.” 

🚀 Harris Nears Running Mate Decision as Campaign Prepares for Road Tour

Vice President Kamala Harris is finalizing her choice of a running mate for her presidential campaign, having interviewed Gov. Tim Walz, Gov. Josh Shapiro, and Sen. Mark Kelly. She plans to announce her pick online before a rally in Philadelphia on Tuesday marking a significant phase in her campaign against former President Donald Trump. 

THIS DAY THAT YEAR

On August 5, 1963, the United States, Great Britain, and the Soviet Union signed the Limited Test Ban Treaty. Following its approval by the Senate, the treaty took effect on October 10, 1963. This landmark agreement prohibited nuclear weapons testing in the atmosphere, outer space, and underwater.

BRAIN TEASER

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What ancient invention allows people to see through walls?

The answer is: Windows

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