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A wrist injury sustained over the summer break will keep Red Bull's Isack Hadjar out of this weekend's race in Italy. Liam Lawson steps in for a second straight event after Hadjar also missed the previous round at Zandvoort.President Trump posted on Truth Social on Wednesday proposing to rename the Strait of Hormuz the Trump Strait, claiming the waterway is under U.S. control. Energy Secretary Chris Wright said more than 17 million barrels of oil transited the strait on Monday, a new wartime record.Residents in Spain's North African enclave of Ceuta urged restraint on Wednesday while the country organized mass demonstrations backing the territory. The enclave faces an unprecedented migration crisis that many residents attribute to the central government.Israeli Prime Minister Benjamin Netanyahu visited Israeli forces in the Gaza Strip on Wednesday and said Israel would not pull back troops despite international pressure to advance a US-backed ceasefire plan. Netanyahu said Israel controls 60 percent of the Strip and will continue military operations until Hamas is disarmed.Europe's second-highest court rejected Opera's challenge to the European Commission's 2024 decision exempting Microsoft's Edge from the Digital Markets Act. The Commission determined that Edge did not serve as a crucial gateway despite satisfying quantitative thresholds. The General Court upheld the Commission's refusal to classify Microsoft as a gatekeeper in relation to Edge.Prime Minister Benjamin Netanyahu said Israel will not withdraw from any area under military control in Gaza. The Democratic Party sent a warning letter demanding he remove a video published from Gaza within 24 hours, claiming it constitutes election propaganda that misuses the military and public assets.The enterprise AI operating system company completed a Series C funding round led by Insight Partners, with participation from Salesforce. Wonderful's valuation more than doubled from $2 billion six months earlier, and the company has now raised over $800 million since its founding in early 2025.According to a Financial Times investigation, Moscow has deployed seasoned military experts to assist Tehran in developing supersonic cruise missiles that could menace American warships in the Middle East. The two nations have deepened their military partnership through an exchange of weaponry and tactical knowledge.Uber announced the elimination of approximately 3,300 positions, or 10 percent of its global workforce, as part of organizational changes designed to simplify management structures and reduce administrative layers. CEO Dara Khosrowshahi said the company's rapid growth over five years has created unnecessary complexity, and the cuts will help redirect resources toward innovation and autonomous vehicle development.A federal judge in Virginia rejected the Department of Justice's demand that Google sell its advertising exchange. Judge Leonie Brinkema accepted behavioral remedies instead, finding a forced sale would be technically difficult and harmful to customers. Google faced the lawsuit after the DOJ and multiple states challenged its advertising technology market power in 2023.A wrist injury sustained over the summer break will keep Red Bull's Isack Hadjar out of this weekend's race in Italy. Liam Lawson steps in for a second straight event after Hadjar also missed the previous round at Zandvoort.President Trump posted on Truth Social on Wednesday proposing to rename the Strait of Hormuz the Trump Strait, claiming the waterway is under U.S. control. Energy Secretary Chris Wright said more than 17 million barrels of oil transited the strait on Monday, a new wartime record.Residents in Spain's North African enclave of Ceuta urged restraint on Wednesday while the country organized mass demonstrations backing the territory. The enclave faces an unprecedented migration crisis that many residents attribute to the central government.Israeli Prime Minister Benjamin Netanyahu visited Israeli forces in the Gaza Strip on Wednesday and said Israel would not pull back troops despite international pressure to advance a US-backed ceasefire plan. Netanyahu said Israel controls 60 percent of the Strip and will continue military operations until Hamas is disarmed.Europe's second-highest court rejected Opera's challenge to the European Commission's 2024 decision exempting Microsoft's Edge from the Digital Markets Act. The Commission determined that Edge did not serve as a crucial gateway despite satisfying quantitative thresholds. The General Court upheld the Commission's refusal to classify Microsoft as a gatekeeper in relation to Edge.Prime Minister Benjamin Netanyahu said Israel will not withdraw from any area under military control in Gaza. The Democratic Party sent a warning letter demanding he remove a video published from Gaza within 24 hours, claiming it constitutes election propaganda that misuses the military and public assets.The enterprise AI operating system company completed a Series C funding round led by Insight Partners, with participation from Salesforce. Wonderful's valuation more than doubled from $2 billion six months earlier, and the company has now raised over $800 million since its founding in early 2025.According to a Financial Times investigation, Moscow has deployed seasoned military experts to assist Tehran in developing supersonic cruise missiles that could menace American warships in the Middle East. The two nations have deepened their military partnership through an exchange of weaponry and tactical knowledge.Uber announced the elimination of approximately 3,300 positions, or 10 percent of its global workforce, as part of organizational changes designed to simplify management structures and reduce administrative layers. CEO Dara Khosrowshahi said the company's rapid growth over five years has created unnecessary complexity, and the cuts will help redirect resources toward innovation and autonomous vehicle development.A federal judge in Virginia rejected the Department of Justice's demand that Google sell its advertising exchange. Judge Leonie Brinkema accepted behavioral remedies instead, finding a forced sale would be technically difficult and harmful to customers. Google faced the lawsuit after the DOJ and multiple states challenged its advertising technology market power in 2023.
World

Iran's central bank chief says reserves are adequate despite U.S. pressure

Abdolnaser Hemmati, governor of Iran's Central Bank, asserted on Tuesday that his country maintains sufficient foreign currency reserves. He indicated willingness to deploy as much as $2 billion in the foreign exchange market to address market instability, following comments by U.S. Treasury Secretary Scott Bessent that Tehran was losing an economic confrontation.

NXEWS NewsroomUpdated 1 d ago1 min read
Archive photoSsu·Wikimedia Commons·CC BY-SA 4.0

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