The Nepal authority said rescue teams have brought 10,451 people to safety, including 252 foreign nationals. It listed 592 foreigners among those still missing, alongside 933 workers from hydropower projects along the Bhote Koshi and Trishuli corridors. Officials recorded 267 injured people, while 156 had left medical care after treatment. Nepal has deployed more than 20,000 security personnel for search, rescue and relief work across affected districts. Helicopters are also moving survivors and emergency supplies between isolated communities.
The agreement brings the Ministry of Investment and Downstreaming together with the Ministry of Youth and Sports on business licensing. It also covers investment promotion and services for companies operating in sports-related fields. The ministries will coordinate through Indonesia’s Online Single Submission system, known as OSS. Their cooperation also includes compliance monitoring, regulatory coordination and data sharing. The framework applies to investment development across Indonesia’s sports sector rather than establishing a US$521 billion domestic industry target.
News
Business
The agreement brings the Ministry of Investment and Downstreaming together with the Ministry of Youth and Sports on business licensing. It also covers investment promotion and services for companies operating in sports-related fields. The ministries will coordinate through Indonesia’s Online Single Submission system, known as OSS. Their cooperation also includes compliance monitoring, regulatory coordination and data sharing. The framework applies to investment development across Indonesia’s sports sector rather than establishing a US$521 billion domestic industry target.
Oil prices recovered modestly on Tuesday after Brent crude and WTI fell more than 2% in the previous session. Brent futures rose 27 cents, or 0.3%, to $92.44 a barrel by 0330 GMT. U.S. West Texas Intermediate gained 37 cents, or 0.4%, to $85.38. The rebound followed Monday’s sharp pullback, which ended six consecutive sessions of gains across the two benchmark crude contracts.
Alibaba said it will direct 100% of the net proceeds toward its full-stack AI capabilities. The spending will include expansion and upgrades across its artificial intelligence infrastructure. The company has built an AI ecosystem spanning cloud computing, models, chips and applications. Its Qwen model family and Alibaba Cloud services form major parts of that technology platform. The placement targets non-U.S. investors outside the United States through offshore transactions. The HK$112.70 offering price sits 8.4% below Alibaba’s HK$123 closing price on Friday. Hong Kong-listed shares fell as much as 10% to HK$110.10 in early Monday trading. Alibaba also trades in New York through American depositary shares under the BABA ticker.
South Korea has begun its first container ship trial through the Arctic to Europe. The 2,758-TEU PanStar Acro left Busan New Port at about 9 p.m. on August 22. The Ministry of Oceans and Fisheries confirmed the departure and published the voyage schedule. The ship will use the Northern Sea Route before calling at three European ports. The 45-day round trip is scheduled to end in Busan on October 5.
July marked the second consecutive monthly record for imports by value. Crude oil played a major role in the increase as Japan faced higher energy costs. Crude import volumes rose 5.5% from July 2025, ending three months of year-on-year declines. The value of those crude shipments jumped 87.8% over the same period. Japan remains heavily dependent on imported energy, making changes in oil prices and exchange rates important factors in its merchandise trade figures.
Business
The agreement brings the Ministry of Investment and Downstreaming together with the Ministry of Youth and Sports on business licensing. It also covers investment promotion and services for companies operating in sports-related fields. The ministries will coordinate through Indonesia’s Online Single Submission system, known as OSS. Their cooperation also includes compliance monitoring, regulatory coordination and data sharing. The framework applies to investment development across Indonesia’s sports sector rather than establishing a US$521 billion domestic industry target.
Alibaba said it will direct 100% of the net proceeds toward its full-stack AI capabilities. The spending will include expansion and upgrades across its artificial intelligence infrastructure. The company has built an AI ecosystem spanning cloud computing, models, chips and applications. Its Qwen model family and Alibaba Cloud services form major parts of that technology platform. The placement targets non-U.S. investors outside the United States through offshore transactions. The HK$112.70 offering price sits 8.4% below Alibaba’s HK$123 closing price on Friday. Hong Kong-listed shares fell as much as 10% to HK$110.10 in early Monday trading. Alibaba also trades in New York through American depositary shares under the BABA ticker.
Headline inflation across OECD economies eased to 4.2% in June 2026 from 4.6% in May, ending three straight monthly increases. The measure tracks annual changes in consumer prices across the group’s member countries. Inflation declined in 20 economies, increased in six and remained stable or broadly stable in 12. Nine OECD countries recorded inflation at or below 2%, including three where the rate stood below 1%. Energy prices drove much of the monthly easing. OECD energy inflation fell four percentage points to 11.7% year on year, after reaching 15.8% in May. The rate declined in 24 of the 37 countries with available data. However, energy inflation increased in 10 economies, while six countries still reported rates above 15%.
Oil prices extended their decline on Wednesday, deepening a selloff that pushed both major benchmarks to three-week lows. Brent crude futures fell 92 cents, or 1.2%, to $78.44 a barrel by 3:30 a.m. GMT. U.S. West Texas Intermediate futures dropped $1.07, or 1.4%, to $74.70. Brent had fallen more than 12% for the week. WTI had lost more than 11% over the same period.
The rally followed fresh U.S. and Saudi strikes against Iran-backed groups in Iraq. Officials linked the attacks to drone strikes on Saudi oil facilities. Iran said it fired on ships in the Strait of Hormuz and at U.S. bases in Jordan. Explosions also hit a natural gas loading port in Egypt. Maritime security firm Ambrey reported drone damage to a U.S.-owned floating storage tanker at the site. Commercial traffic remained limited in key Gulf and Red Sea shipping corridors during the week.
UK solar capacity reached 22.8 gigawatts at the end of June 2026, extending a sharp rise in deployment. The Department for Energy Security and Net Zero recorded about 2.076 million installations nationwide. Developers added 27,391 systems during June, contributing 132 megawatts. The latest monthly figures remain provisional and may change as more projects enter the official dataset. The capacity total covers rooftop arrays, commercial systems and large solar farms. It also sets a baseline before new plug-in solar rules take effect.
The financial framework allocates capital across four principal program pillars to transform the upstream petroleum landscape. According to official disclosures issued by the Prime Minister’s Office, the government designated 28,534 crore rupees specifically for offshore seismic data acquisition, processing, and high-resolution interpretation. This data segment includes 12,000 crore rupees for basin-wide two-dimensional seismic surveys, 12,534 crore rupees for three-dimensional seismic coverage, and 4,000 crore rupees to modernize the National Data Repository using artificial intelligence tools. The structured allocation ensures comprehensive mapping of unexplored frontier basins and erstwhile restricted maritime zones across the eastern and western sea boards.
The monthly economic expansion was led primarily by a 1.0 per cent rise in the mining, quarrying, and oil and gas extraction sector, marking its second straight month of sector-wide growth. Increased production across Alberta bitumen sites and deferred routine spring maintenance enabled higher crude oil extraction volumes throughout May. Support activities for oil and gas extraction surged by 9.8 per cent, recording its seventh consecutive monthly expansion. Additionally, transportation and warehousing output grew by 0.3 per cent, supported by increased pipeline throughput carrying natural gas to export markets and higher domestic freight movements.
BRUSSELS, BELGIUM / RankWire.AI / – The Council of the European Union provided its…
WASHINGTON / RankWire.AI / – U.S. President Donald Trump and Iraqi Prime Minister Ali…
NEW YORK / RankWire.AI / – Oil prices surged nearly 10% on Monday as…
Travel
On Mondays and Saturdays, flight G9 0628 will leave Sharjah at 4 p.m. and arrive in Gdansk at 8 p.m. The return flight, G9 0629, will depart Gdansk at 8:50 p.m. It will reach Sharjah at 6:10 a.m. the following day. On Wednesdays, Fridays and Sundays, Sharjah departures are scheduled for 8:15 a.m. Return flights will leave Gdansk at 1:05 p.m. and arrive in Sharjah at 10:25 p.m. All published times are local.
Technology
Japan successfully launched its H3 rocket carrying the Michibiki No. 7 navigation satellite on Tuesday. H3 Flight No. 9 lifted off at 4:23:31 a.m. Japan time from the Tanegashima Space Center. The Japan Aerospace Exploration Agency, or JAXA, confirmed satellite separation about 29 minutes and four seconds after liftoff. The agency said the rocket followed its planned flight path and placed QZS-7 into its predetermined orbit.
Automotive
The restructuring strategy, formally named the Future Package, was negotiated between the executive leadership of Porsche and the General Works Council in coordination with the metalworkers union IG Metall and the employers association Südwestmetall. Executives emphasized that workforce reductions will be executed through socially responsible mechanisms, including expanded partial retirement programs, voluntary severance packages, and natural demographic attrition. Management explicitly ruled out compulsory redundancies through 2035, while extending existing site guarantees for five years. In exchange for labor concessions, the automaker committed 2.1 billion euros in capital investments dedicated to upgrading its assembly plant in Stuttgart-Zuffenhausen and its research facility in Weissach.
TOKYO, JAPAN / MENA Newswire / – Japan’s new car sales rose 1.8% in the first half of 2026, marking a second straight first-half gain for the domestic auto market. Automakers sold 2,387,189 new vehicles from January through June, including minivehicles. The increase followed…
Porsche presents a one-off 911 GT3 RS by Sonderwunsch with Macadamiametallic paint, brown carbon fibre and couture design.
Mercedes-Benz unveiled the electric C-Class in Seoul, bringing its first battery-powered C-Class sedan with up to 762 km of WLTP range.
Sports
ARLINGTON, TEXAS / MENA Newswire / – Spain reached the FIFA World Cup…
EAST RUTHERFORD, NEW JERSEY / MENA Newswire / – Norway reached the FIFA…
LOS ANGELES / MENA Newswire / – Spain moved into the FIFA World…
MEXICO CITY / MENA Newswire / – Mexico advanced to the FIFA World…
ATLANTA, GEORGIA / MENA Newswire / – England reached the FIFA World Cup…
Luxury
MENA Newswire News Desk: The personal luxury goods market, long seen as resilient against economic uncertainty,…
Rolex introduces the latest addition to its esteemed collection with the unveiling of the new…
The Rolex Oyster Perpetual Day-Date, a beacon of horological prestige, marries the elegance of 18 ct…
The 53rd edition of the Watch & Jewellery Middle East Show, unveiled its treasures on…
Porsche, the renowned sports car manufacturer, has teamed up with Frauscher Shipyard to unveil the 850…