Texas, once a hub for data centers with generous incentives, is now requiring these facilities to fund the grid infrastructure they rely on, shifting costs from households to the industry. This move by Governor Greg Abbott could set a precedent for AI buildout regulation nationwide.
A South Korean court found former Gyeonggi Vice Governor Lee Hwa-young guilty of perjury for falsely testifying about being offered alcohol and food during a prosecution interrogation. The ruling impacts the Democratic Party's efforts to dismiss a remittance case against President Lee Jae Myung.
Ukrainian President Zelenskyy gave Belarus one week to remove Russian military equipment used in attacks on Ukraine, threatening to do so himself. He also highlighted Belarus's role in supplying Russia's oil refining industry and the Russian army. Meanwhile, EU leaders discussed diplomatic channels with Russia, and Poland's president threatened to revoke an honor for Zelenskyy over renaming a military unit.
A regional court in South Korea found former Gyeonggi Vice Governor Lee Hwa-young guilty of perjury for falsely testifying about receiving alcohol and food during a prosecution interrogation. He was sentenced to four months in prison, adding to his existing sentence for an illegal remittance case.
California Democrats have passed a new sales tax on digital software downloads, set to take effect next year. Governor Gavin Newsom is expected to sign the measure, projected to generate $900 million annually. The tax aims for parity between physical and online software sales.
Bank of Russia Governor Elvira Nabiullina stated that the scope for further key rate reductions has diminished. The central bank recently cut its key rate to 14.25%.
The Israel Defense Forces (IDF) have launched strikes against Hezbollah targets and infrastructure in southern Lebanon in response to repeated ceasefire violations by the Shiite organization. At least 16 people, including civilians, were reported killed in the Israeli airstrikes.
A proposed 5% wealth tax on billionaires in California has qualified for the November ballot after gaining enough signatures. The measure, backed by SEIU-UHW, aims to fund strained public services and has sparked debate and opposition from tech moguls.
J&K Lieutenant Governor Manoj Sinha has terminated Mohammad Shafi Malik, a Power Development Department inspector, for alleged involvement in terror activities. Malik is the ninth J&K govt employee dismissed this year amid an ongoing crackdown on terror infrastructure.
Illinois has enacted a $55.9 billion budget featuring a first-of-its-kind 0.2% tax on crypto assets, set to take effect in January 2027. The Digital Asset Tax Act will levy a privilege tax on digital asset brokers for customer transactions, drawing sharp criticism from industry leaders concerned about discriminatory practices and potential capital flight.
Federal Reserve Governor Lisa Cook faced over $1.3 million in legal and security costs due to attacks from the Trump administration, including accusations of mortgage fraud by Bill Pulte. Cook denied the claims, asserting political motivation. A Supreme Court case stemming from her firing by Trump could impact the Fed's independence.
Federal Reserve Governor Lisa Cook incurred over $1.3 million in legal and security expenses following President Trump's attempt to fire her, with payments made by nonprofit organizations Democracy Defenders Fund and Contina Impact.
The Bank of England governor warns of increased consumer costs due to the Middle East conflict, despite falling oil prices post-US-Iran peace deal. Interest rates remain at 3.75% as the MPC balances inflation risks with economic slowdown fears.
Republican congressmen Andy Biggs and David Schweikert debated their qualifications to challenge Democratic Gov. Katie Hobbs for Arizona governor, focusing on affordability and voter appeal. Biggs highlighted his broad appeal and experience, while Schweikert emphasized his financial focus and business recruitment efforts.
Nigel Farage met with the Bank of England governor to oppose plans for a state-run digital currency, dubbed 'Britcoin,' which could impact his party's major donor, Christopher Harborne, a billionaire involved in the cryptocurrency Tether.
A drone struck an apartment building in Zhukovsky, damaging its fire escape and balconies. Debris also hit a fitness center, industrial facility, and a shopping mall in Lubertsy, causing a fire. A woman was injured in Elektrostal by falling debris.
Tokyo's 'Cool Biz' campaign, allowing male employees to wear shorts in the office, aims to improve comfort and reduce electricity use. The initiative, championed by Governor Koike, has faced swift criticism.
Tokyo's 'Cool Biz' campaign, allowing male employees to wear shorts in the office, has faced swift backlash. The initiative aims to improve comfort and reduce electricity use amid rising fuel prices.
The Trump administration is threatening to cut federal funding for unemployment assistance in all 50 states, citing concerns over "waste, fraud and abuse" in state-run programs. Acting Labor Secretary Keith Sonderling warned governors that administrative funds could be withheld for the first time in history.
The US Department of Labor is threatening to withhold administrative funds from states for the first time in history if they fail to combat waste, fraud, and abuse in unemployment insurance programs. Acting Secretary Keith Sonderling sent letters to 53 states and territories, specifically highlighting California, New York, and Illinois.
Christian Noyer, former ECB vice-president, urges Europe to stay open to Chinese investment while developing its own AI and tech infrastructure to reduce dependence on America.
Crimea has banned motorized vehicles like scooters and motorcycles from 8 PM to 6 AM, citing their engine noise resembling drone attacks. Moscow-installed authorities stated the measure aims to protect military facilities amidst intensified Ukrainian drone strikes.
In Georgia's primaries, Donald Trump's endorsed Senate candidate Mike Collins won, advancing to face Jon Ossoff. However, Trump's preferred gubernatorial candidate, Burt Jones, lost to Rick Jackson. This marks a mixed result for Trump's influence in the midterm elections.
Crimea has banned nighttime rides on mopeds, quad bikes, and motorcycles, citing their noise resemblance to drone attacks and alleging children are deliberately involved. Ukraine has intensified drone attacks on the peninsula, impacting supply routes and fuel availability. Meanwhile, a Ukrainian drone hit a Moscow refinery, halting operations, and Russia's strikes killed at least eight people across Ukraine.
