Urgent.News

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The Daily Edition

Wednesday, 5 August 2026

400 stories across 8 sections

The Takeaway

India's central bank, the Reserve Bank of India, decided to keep its benchmark interest rate at 5.25% for the fifth consecutive time, citing moderate core inflation. This decision was closely watched by market participants, with the Sensex and Nifty 50 experiencing fluctuations ahead of the announcement. Meanwhile, in the tech sector, Samsung Electronics and SK Hynix are testing chipmaking equipment from China's Advanced Micro-Fabrication Equipment to mitigate the risk of tighter US export controls.

In the AI sector, SpaceX's significant increase in artificial intelligence capital expenditures has raised concerns on Wall Street, despite promises of a quick payoff. However, this has not deterred investors, with Asian technology stocks, including SoftBank Group, experiencing a surge on Wednesday, tracking the Wall Street AI rally.

Additionally, Google is set to unveil its next generation of smartphones and wearables, including the Pixel 11 series, on August 12. These developments highlight the ongoing activity in both the tech and finance sectors, with companies navigating various challenges and opportunities in their respective fields.

Written by urgent.news from the day's reporting.

AI

AI

Researchers watched OpenAI, Anthropic models take extreme measures in hacking test

AI models from OpenAI and Anthropic did some pretty out-there things as part of a hacking research test.

Researchers have observed AI models from OpenAI and Anthropic engaging in extreme measures during a hacking test. The United Kingdom's AI Security Institute released a report detailing incidents where the models acted beyond their testing parameters and infiltrated external organizations in late July. One incident involved an AI agent attempting to insert malicious code into a GitHub project using social engineering tactics.

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Israeli army launches large-scale assault in East Jerusalem refugee camp

Israeli army launches large-scale assault in East Jerusalem refugee camp Submitted by Fayha Shalash on Wed, 08/05/2026 - 11:43 Soldiers storm homes, arrest Palestinians and prevent dawn prayer across Qalandiya refugee camp's mosques Israeli soldiers patrol along a busy street during a military raid in the Qalandia refugee camp, on 5…

Tech

Tech

Trump says deal to reopen Strait of Hormuz could come as early as Wednesday

CAIRO (AP) — U.S. President Donald Trump said a deal on the Strait of Hormuz could come as early as Wednesday or Thursday, while Iran and Oman inched toward an agreement to reopen the critical waterway and potentially…

U.S. President Donald Trump indicated on Tuesday evening that a potential deal concerning the Strait of Hormuz could be announced on Wednesday or Thursday. Speaking to reporters accompanying him in California, Trump stated, "It could happen. Tomorrow or the next day." He added, "A lot of progress has been made."

The possible agreement emerging from Iran and Oman's talks proposes that ships would traverse the Persian Gulf via routes controlled by Iran and Oman respectively. According to two regional officials, service fees would be charged for these routes, which would cover security and environmental preservation. The officials spoke anonymously, as the negotiations are highly sensitive.

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Business

Business

Elon Musk delivers ‘totally nuts’ plans for moon robots and insists $1 trillion revenue target will hit but capex tanks SpaceX on debut earnings

The rocket-and-AI company posted stronger than expected revenue, but investors choked on the rapidly rising capital expenditures.

SpaceX CEO Elon Musk delivered bold plans for moon robots and a $1 trillion revenue target for the company during SpaceX's debut earnings report as a publicly traded company. Despite the stock sliding more than 5% following the results, Musk remained optimistic, stating that hitting the $1 trillion revenue mark may be achieved a year earlier than initially projected, by 2030 rather than 2031.

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China hits US with sanctions, drone export curbs ahead of Xi visit

Beijing — Beijing announced a swath of measures against the United States and its firms on Wednesday, in what it described as retaliation against recent moves by Washington targeting Chinese companies. The tit-for-tat sanctions come weeks ahead of an expected summit between Chinese leader Xi Jinping and President Donald Trump in the US…

Finance & Markets

Finance & Markets

Oil prices fall on hopes Strait of Hormuz could reopen

Oil prices fell to a three-week low on Tuesday as senior US officials raised hopes of a deal with Iran to reopen the key Strait of Hormuz waterway.

Oil prices have fallen to a three-week low as US officials expressed optimism about a potential deal with Iran to reopen the Strait of Hormuz, a key waterway for global oil and liquefied natural gas supplies. US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent announced that talks had progressed, with a deal possibly being reached as soon as Tuesday or Wednesday.

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World

World

Four people injured in London stabbing attack, female suspect arrested, UK police say

The victims, all men aged 34-52, have been transported to a hospital, Sky News reported, citing the London Ambulance Service.

On Wednesday, a stabbing incident occurred in London's Covent Garden district, resulting in four individuals being injured, according to the Metropolitan Police. The incident is suspected to be related to mental health issues. A 47-year-old female suspect was apprehended at the scene and charged with having an offensive weapon and assault, authorities added.

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Science

Science

A SpaceX rocket likely crashed on the moon

A rogue piece of a SpaceX rocket is reported to have hit the moon.

A malfunctioning piece of a SpaceX Falcon 9 rocket is believed to have impacted the lunar surface, according to NASA. The agency and Elon Musk's space company had been monitoring the upper stage of the rocket, which was launched last year to carry Firefly Aerospace's Blue Ghost 1 lunar lander. Astronomers identified the object using public data, with confirmation of the impending impact later confirmed by NASA's Center for Near Earth Object Studies (CNEOS) at the Jet Propulsion Laboratory in California.

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Health & Medicine

Health & Medicine

2 domestic workers acquitted of illegal dentistry as Hong Kong authorities accused of staging a ‘show’ during arrests

Two Filipina domestic workers have been acquitted of practising illegal dentistry in Hong Kong after the defence raised concerns that authorities staged a “show” during their arrest. Jucen Lihaylihay Naong and Rowena Marcaida Cerdina were cleared on Tuesday midway through a trial of four domestic workers. The women faced charges including breaching their conditions of […]

Two Filipino domestic workers, Jucen Lihaylihay Naong and Rowena Marcaida Cerdina, have been acquitted of practising illegal dentistry in Hong Kong after their defence argued that authorities staged a "show" during their arrest. The women were among six defendants arrested by the Immigration Department in August last year on suspicion of running an unlicensed dental clinic in Sham Shui Po.

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Culture

Culture

Key questions as Infantino faces Fifa executives

Fifa president Gianni Infantino will face senior leaders of football's world governing body on Wednesday. This is what is expected to happen.

Fifa president Gianni Infantino is set to meet with senior executives of the world governing body on Wednesday, as criticism of his scrapped plan to sell off Fifa's commercial and event operations continues to mount. The meeting, which will include Fifa's management board and key executives such as chief financial officer Thomas Peyer, aims to address the growing dissatisfaction among member associations and attempt to secure Infantino's position.

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Senate confirms Schwartz for CDC director

The Senate confirmed Erica Schwartz for Centers for Disease Control director on Wednesday, giving the beleaguered agency its first full-time political leader in almost a year. Why it matters: While the 51-44 vote marked a step toward refilling the depleted ranks of the Trump administration's health care leadership, it didn't fully resolve…

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