Taiwan’s Foxconn reports 35 percent rise in profit on AI demand
World’s largest contract electronics maker forecasts strong growth in 2026 amid AI boom.
![US President Donald Trump speaks during an event to sign an executive order regarding vaccine flexibility, in the Oval Office at the White House in Washington, DC, US on Aug. 10, 2026. [Kylie Cooper]](/wp-content/uploads/2026/08/image-1786395261.jpg?resize=770%2C513&quality=80)
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From: NewsFeed
Clashes in Iraq’s Kut city during protests over power shortages
Protests over power shortages escalated in Kut, Iraq, as demonstrators demanded more electricity amid soaring heat.
Published On 10 Aug 2026
Serbia and Ukraine pledge closer economic ties, eye free trade deal
Serbia says it will help rebuild Ukrainian cities and provide aid as the two countries deepen cooperation.
Donald Trump renews effort to fire Federal Reserve governor Lisa Cook
US president has clashed with Federal Reserve members over his bid to rapidly slash interest rates despite inflation.
From: NewsFeed
War on Iran: Saudi Arabia, Turkiye and Pakistan sign defence pact
Saudi Arabia, Turkiye and Pakistan have signed a trilateral defence pact in Mecca aimed at deterring aggression.
Published On 7 Aug 2026
US labour market sheds jobs in July as labour force participation slumps
US labour market loses 23,000 jobs in July as education, government and retail sectors record significant declines.
Iran’s grip on trade is a potent weapon, but it has an expiry date
Iran can exploit dependence on Hormuz today, but prolonged disruption will erode that leverage
US ends cap on local TV station owners amid concerns of media consolidation
Critics say the 39 percent cap was a safeguard against excessive concentration of media ownership in the US.
EXPLAINER
Why $370bn tech group Palantir pays 1.4 percent tax rate: Report
The AI group’s technology is used by Israeli military and Trump administration’s ICE.
From: Counting the Cost
Can the US slow China’s robotics and tech rise?
US curbs on foreign-made robots intensify its wider rivalry with China over AI, chips and industry.
Published On 6 Aug 2026
‘Thousands of bookings to cancel’: Iran war upends Europe’s summer holidays
Holidaymakers are sticking closer to home as the conflict rages, while tourism operators adapt.
