China’s Cyberspace Administration has issued a 21-measure sectoral plan for 2026–2030 directing informatization and cybersecurity companies to develop advanced AI chips, improve foundation models, and pursue AI agents and embodied intelligence.
Posted inMarkets
Bitcoin Tops $80,000 as Treasury Buybacks Trigger $4 Billion Short Squeeze
Bitcoin surged past $80,700 this week as the US Treasury’s doubling of its long-bond buyback programme reignited risk appetite and triggered more than $4 billion in short liquidations, while spot ETFs recorded their strongest six-session inflow of 2026.
Posted inEconomy
Europe Heads Into Winter With Gas Storage at 59%, the Lowest in Five Years
European natural gas prices have climbed to EUR 60 per megawatt-hour as underground storage levels reach just 59 percent of capacity in late August—far short of the EU’s 90 percent target—raising the risk of winter supply rationing and another inflation surge.
Posted inGeopolitics
Russia’s Banks Lose $15 Billion in Deposits This Summer as Bond Auctions Halt
Deposit withdrawals from Russian banks reached $3.4 billion in the first fortnight of August alone, putting annual outflows on pace to nearly double 2022 levels and forcing Moscow to suspend government bond auctions indefinitely.
Posted inWorld
UK’s Burnham Visits Kyiv and Unlocks Classified SCALP Missile Data for Ukraine
UK Prime Minister Andy Burnham made his first foreign trip to Kyiv on Ukraine’s 35th Independence Day, co-chairing the Coalition of the Willing and clearing defence firm MBDA to share classified SCALP missile components with France and Ukraine.
Posted inTech
Broadcom Lines Up $60 Billion in Debt to Finance AI Infrastructure Boom
Broadcom is raising more than $60 billion in debt — potentially $100 billion including junior tranches — for AI infrastructure projects involving Anthropic, part of a broader shift from corporate balance sheets to capital markets for AI scale-out.
Posted inMarkets
Gold Surges to $4,712 as Treasury’s Doubled Buybacks and Iran Tensions Drive Demand
Spot gold reached $4,712.60 per ounce on August 24, up nearly 15% in a month, as the US Treasury’s decision to double long-term debt buybacks and the Iran conflict sustained safe-haven buying.
Posted inEconomy
Eurozone Factory Growth Hits Four-Year High in August as Export Orders Turn Positive
S&P Global’s August flash PMI put eurozone manufacturing at 52.8, a 54-month high, with the composite activity index at 52.1 as new export orders turned positive for the first time since February 2022.
Posted inGeopolitics
China and Russia Blunt Washington’s Push to Financially Isolate Iran
Despite the Trump administration declaring an economic D-Day against Tehran, Beijing and Moscow are sustaining trade and military supply lines that US secondary sanctions cannot easily reach.
Posted inWorld
Brazil’s Presidential Race Tightens to Statistical Tie With Six Weeks to Vote
A Nexus poll from August 21–23 placed Lula at 46% and Flávio Bolsonaro at 45% in a simulated runoff, closing within the two-point margin of error as Brazil’s campaign season enters a critical stretch.