Tuesday, July 21, 2026

World

US Launches Tenth Consecutive Night of Strikes on Iran

The US has carried out its tenth straight night of strikes against Iranian targets, with explosions reported in Bandar Abbas, Qeshm Island, and Chabahar. Three American troops have been killed and nearly 100 injured over the past two weeks, prompting Democrats to accuse Trump of having "lost control of this war." Iran has retaliated by attacking US sites across the region, including a strike on Kuwait.

MarketWill the U.S. invade Iran before 2027?27%

Economy

Trump Slaps 50% Tariffs on Most Canadian Goods

Trump has announced 50% tariffs on most Canadian imports, accusing Canada of unfairly discriminating against US autos, alcohol, and dairy. The duties take effect within 30 days and mark the sharpest escalation in US-Canada trade tensions since Trump's return to office. The targeted goods include wine, hockey sticks, and cement.

Politics

Andy Burnham Becomes UK Prime Minister, Picks Surprise Chancellor

Andy Burnham has taken office as Britain's new prime minister, pledging to "bring back hope" and promising relief announcements this week. In a move that caught even his own allies off guard, he appointed former defence minister John Healey as chancellor rather than a more expected economic figure. JPMorgan's Jamie Dimon wasted no time warning Burnham that any bank tax would put the firm's planned £3bn London office at risk.

Tech

Anthropic's $1.5 Billion Copyright Settlement Gets Court Approval

A federal court has granted final approval to Anthropic's $1.5 billion settlement over the use of copyrighted works to train its AI models. The deal closes one major legal front for the Claude maker, but the broader question of whether AI training on copyrighted material is lawful remains entirely unresolved. It is the largest copyright settlement in the AI industry to date.

World

Nicaragua's Ortega Declares Country Will Hold No More Elections

President Daniel Ortega has announced that Nicaragua will permanently end elections, framing the move as building "a wall" against the opposition. The 80-year-old, who has ruled since 2007, said he will push through new laws via his controlled congress to cement one-party rule. The announcement effectively formalises what international observers have long called a dictatorship.