Omesh Abeysekera
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Toyota Profit Plunges 37% – Trump’s Tariffs Bite Hard
Toyota’s April–June profit dropped 37% to ¥841 billion ($5.7 billion), down from ¥1.33 trillion a year earlier
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Trump Penalizes India Over Russian Oil — More Tariffs May Follow
New Delhi called the move “unfair, unjustified, and unreasonable,” stressing that its energy imports are based on market needs and national security
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Modi to Visit China After 7 Years Amid Rising US Tensions
Narendra Modi will travel to Tianjin, China for the Shanghai Cooperation Organisation (SCO) summit starting August 31
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Trump’s 100% Chip Tariff: Exemptions and Global Ripples
President Trump declared a 100% tariff on imported semiconductor chips, aiming to boost domestic manufacturing
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Sony Raises Profit Forecast Amid Trade War Easing
The company had previously estimated a ¥100 billion hit from tariffs; it now expects only ¥70 billion, thanks to updated rates as of August 1 and a recent Japan–U.S. trade deal
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Japanese Automakers Face Profit Squeeze
new duties part of President Trump’s broader trade overhaul target vehicles and components, raising export costs sharply
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Ukraine’s Interceptor Drone Strategy
These drones, often costing as little as $500, are now central to Ukraine’s defense playbook
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Trade Tensions Escalate: India vs. U.S. & EU
U.S. President Donald Trump threatened to “substantially raise” tariffs on Indian exports
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Pakistan-Iran Forge Strategic Ties
Iranian President Masoud Pezeshkian concluded a two-day visit to Islamabad, meeting Prime Minister Shehbaz Sharif and signing 12 cooperation agreements
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Trump Fires Labor Stats Chief Over Weak Jobs Report
Donald Trump fired Erika McEntarfer, head of the Bureau of Labor Statistics (BLS), after July’s jobs report showed just 73,000 new jobs, far below expectations
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Historic Eruption in Kamchatka
For the first time in 600 years, the Krasheninnikov volcano on Russia’s Kamchatka Peninsula erupted early Sunday
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Gaza Aid Catastrophe Deepens
Israeli forces killed 56 Palestinians seeking aid, part of a broader toll of 92 deaths across Gaza
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BYD’s Growth Stalls Amid EV Price War
China’s largest EV maker, reported 341,030 units shipped in July
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Microsoft Hits $4 Trillion Valuation After Stellar Earnings
Microsoft has officially crossed the $4 trillion market cap threshold, becoming the second publicly traded company after Nvidia to reach this milestone
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Trump’s Tariff Deadline Sparks Global Trade Tensions
Despite ambitious claims of “200 deals,” the U.S. has secured only eight agreements in 120 days, including one with the European Union.
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US Envoy Heads to Gaza Amid Starvation Crisis
President Trump’s special envoy to the Middle East, is set to visit Gaza alongside US Ambassador to Israel Mike Huckabee.
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Canada’s Recognition of Palestine
“Canada formally recognizing Palestine,” it would represent a significant shift in Canadian foreign policy, which traditionally has not formally recognized Palestine as a sovereign state.
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Trump’s Tariff Playbook Target India
President Trump has announced a 25% tariff on most Indian goods entering the U.S
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Tsunami Alert: Kamchatka Quake
A powerful magnitude 8.7 earthquake struck 136km east of Petropavlovsk-Kamchatsky, off Russia’s Kamchatka Peninsula
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Apple’s Final Round of Updates Before Next-Gen Launch
Apple has released iOS 18.6, macOS Sequoia 15.6, iPadOS 18.6, watchOS 11.6, tvOS 18.6, and visionOS 2.6, likely the last major updates before the fall transition to version 26
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US, Israel Food Aid Initiative in Gaza
Trump seeks to bolster his foreign policy credentials ahead of the November election, while Israel faces mounting international pressure over its military operations in Gaza
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U.S.–EU Trade Deal & Europe’s Defense Boom
Stocks like Thales (France), Renk and Rheinmetall (Germany), and Leonardo (Italy) dipped early in the week
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Samsung & Tesla Chip Deal Sparks Optimism
Samsung has secured a $16.5 billion multiyear contract to produce AI semiconductors for Tesla, running through 2033
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Tariffs Fade from Investor Focus
President Trump announced a likely 15–20% blanket tariff on exports from countries without trade agreements
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Thailand-Cambodia Border, Calm Prevails Amid Postponed Military Talks
border region between Thailand and Cambodia remains peaceful despite the postponement of scheduled military-level discussions
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Israel-Gaza Starvation Claims Disputed
Benjamin Netanyahu recently claimed that “no one is starving” in Gaza
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China’s AI Action Plan, Strategic Counter to U.S. Moves
Li Qiang announced plans to form a global AI cooperation organization, emphasizing multilateralism and shared governance
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Gaza Aid Update, UN Warns of Looming Famine
133 deaths from starvation, including children, have been recorded since the war began
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Stampede at Mansa Devi Temple Leaves Six Dead
crowd crush at the Mansa Devi Temple in Haridwar, Uttarakhand, claimed at least six lives and injured over 30 people
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Tesla Diner Sparks New Wave of Anti-Musk Protests
The “Tesla Takedown” movement has shifted focus to Elon Musk’s newly opened 24-hour Tesla Diner in Hollywood
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US–EU Trade Pact: 15% Tariff Deal to Avert War
United States and the European Union reached a major framework trade deal imposing a 15% import tariff
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Tesla Diner Debuts in Hollywood with Retro-Futuristic Flair
Located on Santa Monica Blvd, the diner includes
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Concerns Rise Over Balasingham Statue Project in France
Sri Lankan government to respond to a proposed statue of Anton Balasingham, the late political strategist of the LTTE, being erected in France
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Gaza’s Hunger Crisis Worsens Amid Blockade and Bombardment
10 more Palestinians died of starvation, bringing the total malnutrition-related death toll to 111 since the war began in October 2023
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Ozzy Osbourne Dies at 76
His family said he passed peacefully at his Los Angeles home, surrounded by loved ones.
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Bangladesh Jet Crash Sparks Student Protests
Air Force jet crashed into a residential area near Chattogram, killing 31 people, including 22 children attending a nearby school
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Columbia University Disciplinary Action, Gaza Protest Fallout
Nearly 80 students have been expelled, suspended, or had their degrees revoked for participating in pro-Palestinian protests
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U.S/Japan Trade Deal: Highlights
Japan has agreed to open its domestic market to U.S. rice, cars, trucks, and other agricultural products
