The eruption began Monday and intensified as gas, lava and ash rose from the crater. Pyroclastic flows moved through several ravines on Fuego’s western and southwestern slopes, reaching distances of five to seven kilometers. These flows contain hot gas, ash and rock and can move at high speed. Monitoring teams also tracked an ash column spreading west and northwest, with volcanic material reported far beyond the immediate danger zone.
Fujian authorities suspended 686 road passenger routes and 658 train services during the storm response. They also closed 234 major tourist attractions and canceled dozens of cultural and tourism events. In Shanghai, airlines canceled more than 900 flights at the city’s two main airports on Monday. Heavy rainfall caused flooding in parts of the financial center and disrupted public transportation. The measures followed widespread weather warnings across coastal areas exposed to Dolphin’s winds and rain.
Fresh vegetable prices have surged in South Korea as prolonged extreme heat reduced shipments and damaged farm output nationwide. Korea Agro-Fisheries & Food Trade Corp. data showed spinach at 1,978 won per 100 grams on Aug. 7, up 152.3% from a month earlier. Ten cucumbers cost 8,313 won, an increase of 54.8%. Blue lettuce rose 41.7%, while a zucchini climbed 46.6% to 1,504 won.
South Korea recorded a $596.6 million tourism surplus in June 2026, its strongest monthly result since the COVID-19 pandemic. The figure marked a $1.44 billion improvement from June 2025, when the balance showed an $846.8 million deficit. Korea Tourism Organization data show June produced the second-highest monthly tourism surplus on record. Only October 2008 was higher, with a surplus of $661.5 million.
More than 20,000 people fled communities around Okanagan Lake after the Bald Range wildfire surged through southern British Columbia over the weekend. Provincial authorities declared a state of emergency Saturday as flames advanced toward Summerland and areas near Peachland. The fire grew beyond 10,300 hectares by Saturday night. It destroyed homes and damaged other property along its path. Evacuation orders remained in force across several communities and rural areas Sunday.
News
A magnitude 5.0 earthquake struck southeast of Atka in Alaska’s Aleutian Islands late Saturday. The Alaska Earthquake Center recorded the quake at 7:36 p.m. Alaska Daylight Time on August 8. That corresponded to 03:36 UTC on August 9. The epicenter was about 48 miles, or 77 kilometers, southeast of Atka. Seismologists placed the earthquake at a depth of about 10.6 miles, or 17 kilometers.
More than 20,000 people fled communities around Okanagan Lake after the Bald Range wildfire surged through southern British Columbia over the weekend. Provincial authorities declared a state of emergency Saturday as flames advanced toward Summerland and areas near Peachland. The fire grew beyond 10,300 hectares by Saturday night. It destroyed homes and damaged other property along its path. Evacuation orders remained in force across several communities and rural areas Sunday.
Business
Fresh vegetable prices have surged in South Korea as prolonged extreme heat reduced shipments and damaged farm output nationwide. Korea Agro-Fisheries & Food Trade Corp. data showed spinach at 1,978 won per 100 grams on Aug. 7, up 152.3% from a month earlier. Ten cucumbers cost 8,313 won, an increase of 54.8%. Blue lettuce rose 41.7%, while a zucchini climbed 46.6% to 1,504 won.
BRUSSELS / RankWire.AI / – European space authorities finalized a major expansion of the bloc’s flagship orbital communications network on Friday following months of multilateral commercial negotiations in Brussels. Official announcements from the European Commission confirmed that the EU Commission signs contract to expand IRIS2 satellite constellation…
PARIS / RankWire.AI / – 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…
The latest slide followed a sharp Tuesday retreat that exceeded the 4% decline reported earlier in the session. Brent settled 5.3% lower at $79.36 a barrel, its first close below $80 since July 13. WTI settled 5.7% lower at $75.77. Both contracts reached their lowest closing levels in three weeks. The Tuesday losses extended Monday’s drop, when Brent fell 7% and WTI declined 5.1%.
Oil prices surged on July 29, pushing Brent crude above $90 a barrel as renewed Middle East fighting and tighter U.S. inventories lifted global benchmarks. Brent futures settled at $90.74, up $6.65, or 7.9%. West Texas Intermediate gained $5.20, or 6.6%, to $84.46. Both contracts posted their strongest daily advances in several weeks. The contracts had already gained more than 20% during July as regional supply disruptions affected energy markets.
June delivered the second-highest monthly installation count recorded in the UK. Only March 2026 ranked higher, with 28,782 installations. Solar capacity increased by 2.2 gigawatts, or 10.9%, during the 12 months through June. The country also recorded 269,000 installations during 2025, the highest annual total to date. Most systems installed that year were on homes, businesses and other buildings. Utility-scale projects also continued to raise the country’s overall solar generation capacity.
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a major national initiative on Friday to accelerate hydrocarbon discovery across Indian ocean basins. Official releases from the Press Information Bureau confirmed the approval of the ₹84,084 crore Samudra Manthan National Offshore Exploration Scheme. Implemented under the Ministry of Petroleum and Natural Gas through financial year 2030–31, the central sector program is structured to expand deepwater drilling, enhance energy security, and unlock untapped oil and gas resources within India’s Exclusive Economic Zone.
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.
Technology
The valuation shift reflects broader recalibrations across international financial markets as institutional managers re-evaluate capital commitments tied to artificial intelligence infrastructure. While competing hyperscale computing enterprises including Alphabet and Tesla accelerated capital investments toward data centers, robotics, and autonomous transport networks, Apple maintained disciplined expenditure controls over consecutive fiscal quarters. Market participants increasingly view Apple’s disciplined spending approach as a operational buffer, allowing the firm to expand its proprietary Apple Intelligence software ecosystem without incurring high infrastructure depreciation costs. Trading patterns across major equity benchmarks highlighted diverging sentiment between hardware component suppliers and consumer technology platforms. Nvidia shares experienced increased selling pressure alongside wider pullbacks across semiconductor equities, as investors scrutinized the timeline for financial returns on massive artificial intelligence data center investments. The Philadelphia Semiconductor Index recorded notable weekly declines as market participants reassessed elevated valuation multiples across pure-play chipmakers. Despite persistent demand for graphics processing units, concerns surrounding energy supply constraints, macroeconomic interest rate trajectories, and capital expenditure intensity weighed on semiconductor equity prices.
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.