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.
Japanese stocks came under sharp pressure Monday as the Nikkei 225 dropped nearly 2% in early trading. The benchmark fell 1.97% to 65,096.63 and later touched an intraday low of 64,832.10. Technology shares led much of the decline as investors reacted to higher bond yields and tighter interest rate expectations. The broader Topix also weakened early, falling 0.84% to 4,111.71. Japanese government bond yields rose at the same time, adding pressure to rate sensitive parts of the equity market.
China’s digital industry generated 20.71 trillion yuan in revenue during the first half of 2026, up 13.6% from a year earlier. Total profit reached 1.79 trillion yuan, an increase of 19.3%. China’s Ministry of Industry and Information Technology said the sector’s revenue growth accelerated by 4.1 percentage points from the same period last year. The industry’s profit margin reached 8.6%, up 0.7 percentage point. China’s largest digital industry centers accounted for most of the national total. The 10 leading provincial-level markets generated 17.21 trillion yuan in combined revenue, up 13.2%. They represented 83.1% of national digital industry revenue and contributed 87% of overall revenue growth.
Messi said he reached the decision after extensive consideration following Argentina’s 2026 World Cup final against Spain. He wrote his retirement message on July 21, two days after the final in New Jersey. Messi later said the death of his father, Jorge Messi, in August reinforced his decision to publish the message. He described leaving the national team as painful while stressing the pride he felt representing Argentina. Messi also thanked teammates, coaches, family members and supporters who accompanied him throughout his international career.
The report says almost 19% of the world’s children now live in conflict zones. That compares with about 10% during the 1990s. By the end of 2024, conflict and violence had displaced 48.8 million children worldwide. The total was nearly triple the roughly 17 million recorded in 2010. It includes refugee and asylum-seeking children, along with millions uprooted within their own countries by conflict and violence. Climate hazards are adding another layer of risk for children around the world. Nearly half of all children, or 1.1 billion, face at least three overlapping climate hazards. Almost every child faces at least one such hazard, according to UNICEF’s 2026 climate risk assessment. More than 4 million children face as many as six overlapping threats. The hazards include drought, extreme heat, heatwaves, floods, fires, tropical storms and sand and dust storms.
News
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.
Economic cooperation formed a major part of the talks. Bilateral trade reached $1.3 billion in 2025, up 33%, according to the Uzbek government. Both countries set a target of raising annual trade to $5 billion by 2030. The number of joint ventures has increased sevenfold in recent years. India and Uzbekistan also have 14 direct flights each week, while four Indian universities currently operate in Uzbekistan. The leaders called for broader industrial and business links.
Business
Japanese stocks came under sharp pressure Monday as the Nikkei 225 dropped nearly 2% in early trading. The benchmark fell 1.97% to 65,096.63 and later touched an intraday low of 64,832.10. Technology shares led much of the decline as investors reacted to higher bond yields and tighter interest rate expectations. The broader Topix also weakened early, falling 0.84% to 4,111.71. Japanese government bond yields rose at the same time, adding pressure to rate sensitive parts of the equity market.
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 Group has priced an HK$80 billion share placement to fund artificial intelligence investment and expand its AI infrastructure. The Chinese technology group will issue 710 million new ordinary shares at HK$112.70 each. The deal is worth about US$10.2 billion at current exchange rates. Alibaba expects the transaction to close on Aug. 26, subject to customary conditions.
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.
U.S. stocks ended modestly higher Wednesday as long-term Treasury yields fell sharply. The S&P 500 rose 16.22 points, or 0.21%, to 7,707.98, ending a three-session losing streak. The Dow Jones Industrial Average gained 119.65 points, or 0.22%, to close at 53,463.05. The Nasdaq Composite added 41.38 points, or 0.16%, finishing at 26,331.09. Falling government bond yields helped major indexes recover after several sessions of pressure from rising borrowing costs. Bond prices climbed after the U.S. Treasury Department announced larger liquidity support buybacks for longer-dated government debt. Starting September 9, the maximum purchase size will increase from $2 billion to at least $4 billion per operation. The change covers nominal coupon securities in the 10-to-20-year and 20-to-30-year maturity sectors. The increased amounts will remain in effect through November 4. The department said strong volumes of high-quality offers supported the decision to increase liquidity operations in those sectors.
Eco-friendly vehicles provided the strongest lift to South Korea’s auto exports during the month. Their export value increased 25.5% from a year earlier to US$2.59 billion. Electric and hydrogen vehicle exports rose 31.9% to US$940 million. Hybrid exports advanced 22.2% to US$1.65 billion. By contrast, exports of internal combustion engine vehicles fell 3.1% to US$3.65 billion. Eco-friendly models accounted for about 41.5% of the country’s total automobile export value in July.
Technology
China’s digital industry generated 20.71 trillion yuan in revenue during the first half of 2026, up 13.6% from a year earlier. Total profit reached 1.79 trillion yuan, an increase of 19.3%. China’s Ministry of Industry and Information Technology said the sector’s revenue growth accelerated by 4.1 percentage points from the same period last year. The industry’s profit margin reached 8.6%, up 0.7 percentage point. China’s largest digital industry centers accounted for most of the national total. The 10 leading provincial-level markets generated 17.21 trillion yuan in combined revenue, up 13.2%. They represented 83.1% of national digital industry revenue and contributed 87% of overall revenue growth.
Sports
Messi said he reached the decision after extensive consideration following Argentina’s 2026 World Cup final against Spain. He wrote his retirement message on July 21, two days after the final in New Jersey. Messi later said the death of his father, Jorge Messi, in August reinforced his decision to publish the message. He described leaving the national team as painful while stressing the pride he felt representing Argentina. Messi also thanked teammates, coaches, family members and supporters who accompanied him throughout his international career.
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.