Munich’s Regional Court found AI music startup Suno memorised and reproduced protected songs, granting injunctive relief to GEMA in the first major European ruling on AI training and music copyright.
Posted inEconomy
Bank of England Holds at 3.75% as Hawkish Dissent Grows to Three MPC Members
The Bank of England kept its benchmark rate at 3.75% on July 30, but a surprise 6-3 vote split — with three MPC members pushing for a hike to 4% — signalled the committee is leaning hawkish.
Posted inMarkets
Westinghouse Files Confidentially for US IPO Amid Nuclear Energy Boom
Westinghouse Electric Company has submitted a confidential draft IPO prospectus to the SEC, joining a wave of nuclear firms tapping public markets as AI data centre power demand reshapes the energy investment landscape.
Posted inGeopolitics
Russia Fires 35 Missiles and 185 Drones at Kyiv, Killing Nine
Russia launched 35 missiles and 185 attack drones at Kyiv on August 1, killing nine people and exposing the near-total depletion of Ukraine’s Patriot air-defence interceptors.
Posted inWorld
Avalanche on Broad Peak Kills Nirmal Purja and Nine Other Climbers
Nirmal Purja, the British-Nepali mountaineer who summited all 14 eight-thousanders in six months, was killed by an avalanche on Pakistan’s Broad Peak on August 1, 2026, along with nine others.
Posted inTech
EU AI Act Enforcement Reaches GPAI Providers August 2, Exposing AI Giants to Billion-Dollar Fines
The European Commission’s AI Office gains formal enforcement powers over general-purpose AI model providers on August 2, 2026, with fines of up to 3% of global annual turnover and four separate violation routes that could apply simultaneously.
Posted inMarkets
Meta Revenue Rises 28% but Profits Fall 14% as AI Spending Tops $31 Billion
Meta Platforms reported Q2 revenue of $60.8 billion, beating estimates, but net income dropped 14% and free cash flow fell to just $784 million as capital expenditure hit $31 billion and full-year guidance was raised to $145 billion.
Posted inEconomy
Tokyo Inflation Quickens a Second Month, Keeping the BOJ on Track for Another Hike
Tokyo’s core consumer prices rose 2.4% year-on-year in August, a second consecutive monthly acceleration driven by utility subsidy phase-outs and surging rice prices, reinforcing expectations for a BOJ rate hike.
Posted inGeopolitics
Hamas Agrees to Disarmament Roadmap but Israel’s Acceptance Remains Unconfirmed
Trump’s Board of Peace announced on July 31 that Hamas had agreed to a staged disarmament in Gaza, but the deal hinges on an Israeli military withdrawal that Tel Aviv has not publicly confirmed.
Posted inWorld
Ceuta Overwhelmed as Tens of Thousands Cross from Morocco in a Single Day
Spain deployed troops and shut schools in its North African enclave after at least 57 people died during an overnight mass crossing from Morocco into the EU territory of Ceuta.