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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

Chinese military reportedly uses American AI models to train its defense systems - tools from OpenAI and Anthropic reportedly among those affected

AI

Chinese military reportedly uses American AI models to train its defense systems - tools from OpenAI and Anthropic reportedly among those affected

Chinese military researchers are distilling US AI models into systems they can run locally.

A new investigation has revealed that Chinese military researchers have reportedly utilized outputs from American AI models developed by OpenAI and Anthropic to train domestic defense systems. The findings stem from a review of over 80 Chinese academic papers and patents conducted by Reuters, corroborated by an additional two dozen military-linked case studies independently verified by the agency.

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Tech

I trekked the Cascade Mountains with the Apple Watch Ultra 3 vs Garmin Instinct 3 vs Samsung Galaxy Watch Ultra 2 — this is the one I'd take on my next hike

Tech

I trekked the Cascade Mountains with the Apple Watch Ultra 3 vs Garmin Instinct 3 vs Samsung Galaxy Watch Ultra 2 — this is the one I'd take on my next hike

I hiked 1,000+ feet to an alpine lake and back to test the performance, accuracy, and comfort of the Apple Watch Ultra 3 vs Samsung Galaxy Watch Ultra 2 vs Garmin Instinct 3.

During my recent adventure in North Cascade National Park, I tested the Apple Watch Ultra 3, Samsung Galaxy Watch Ultra 2, and Garmin Instinct 3 to determine which smartwatch excels in outdoor hiking conditions. Wearing each device on separate wrists, I logged the data using Strava from my iPhone 16 Plus.

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Business

U.S. nears Hormuz deal, aiming for Wednesday announcement

Business

U.S. nears Hormuz deal, aiming for Wednesday announcement

The U.S., Iran and Oman are closing in on an interim agreement to reopen the Strait of Hormuz, with the U.S. aiming for a Wednesday announcement, according to two regional sources and a U.S. official. Why it matters: The deal, which has been under negotiations for several weeks, is aimed at resuming the ceasefire between the U.S. and Iran and restarting negotiations over a nuclear deal. President…

The United States, Iran, and Oman are inching closer to an interim agreement aimed at reopening the Strait of Hormuz, with a potential announcement scheduled for Wednesday, according to multiple regional sources and a U.S. official. This deal, which has been under negotiation for several weeks, aims to restore the ceasefire between the U.S. and Iran and resume talks regarding a nuclear agreement.

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The Devil In The Agent

The Devil In The Agent

Imagine an AI agent at an Indian bank tasked with reconciling a failed transaction. In trying to complete the job,…

Business and civil society’s impact on American democracy

Business and civil society’s impact on American democracy

This summer, Americans are celebrating the country’s founders for their courage, vision, and democratic ideals. But as the nation continues recognizing its 250th anniversary, it’s worth remembering that democracy endured not only because of our founding documents, but because generations of citizens, businesses, nonprofits, and civic…

Your old role isn’t coming back

Your old role isn’t coming back

Middle managers accounted for nearly a third of all layoffs in 2023, up from around 20% five years earlier . In 2024, Gartner predicted that through 2026, 20% of organizations would be using AI to flatten their structures, eliminating more than half of their middle management positions. And that prediction is being borne out by the data.

Finance & Markets

Editorial illustration

Finance & Markets

Disney tops earnings estimates as parks and streaming offer a boost

Disney exceeded Wall Street expectations for earnings in its latest quarterly report, with mixed results across segments. The company's parks and streaming divisions propelled earnings, while traditional TV and theatrical releases saw a boost from the success of "Toy Story 5." Revenue for the experiences segment, encompassing theme parks and cruises, grew 10% year over year to $9.97 billion.

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World

Editorial illustration

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

Half of the world's dams could be 'functionally inoperable' by 2060 from being flooded with sediment — and the American West is a major hotspot

Science

Half of the world's dams could be 'functionally inoperable' by 2060 from being flooded with sediment — and the American West is a major hotspot

Research shows a fifth of the world's reservoirs are currently at high risk of filling with sediment, creating a "ticking time bomb" that threatens lives and livelihoods.

A new study reveals that half of the world's dams could become "functionally inoperable" by 2060 due to sediment buildup in reservoirs. According to the research, published in the journal Nature Sustainability, approximately one-fifth of global reservoirs are currently at high risk of becoming sediment-filled and non-functional in the near future.

The sediment, which takes up space meant for water, poses significant threats to water security and the safety of people living near or downstream of these structures, especially as climate change intensifies.

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Health & Medicine

Senate confirms Schwartz for CDC director

Health & Medicine

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 questions about whether Schwartz could steer clear of…

The Senate has officially confirmed Erica Schwartz as the new director of the Centers for Disease Control and Prevention, marking a significant step in reviving the agency's leadership following a year of turmoil. This 51-44 vote, with only Democratic Senator Tim Kaine backing her, signifies a move towards restoring the political stability within the Trump administration's health sector.

Schwartz, a physician with a background at the Department of Health and Human Services during the first Trump administration, is set to lead the CDC, an agency that has struggled with morale and staffing issues after lacking a full-time political leader for nearly a year.

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Culture

Key questions as Infantino faces Fifa executives

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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