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President Volodymyr Zelenskiy announced Wednesday that the two nations are moving toward a drone agreement. The disclosure followed discussions with German Chancellor Friedrich Merz.A man has turned himself in to authorities following a shooting at a weekend rave in Aarau, in northern Switzerland, that left one dead and six wounded. He confessed to carrying out the attack, police said Wednesday.US President Donald Trump said Wednesday that the renewed American campaign against Iran would not continue for an extended period and that the US is prepared to strike again at any time. Trump claimed Washington maintains strong control of the Strait of Hormuz, where the US operates vessels daily moving millions of barrels of oil, and threatened escalation if Iran responds to recent American strikes.Jurors in the Lindsay Clancy murder trial signaled deadlock to the judge on Tuesday and returned for a fifth day of deliberations on Wednesday. A person was arrested at court and charged with intimidation after attempting to photograph the defendant.The U.S. Mint released $1 coins bearing President Trump's image Wednesday for the 250th anniversary of U.S. independence; rolls of 25 cost $61. Federal law prohibits living people's likenesses on anniversary currency, but Treasury says the coins fall under powers Congress granted the Treasury secretary in a 2020 law, citing a 1926 Calvin Coolidge coin as precedent.Guy Pearce portrays the Australian media tycoon in Ink, a Danny Boyle film that chronicles how the Sun tabloid came to be, which premiered at the Venice Film Festival. Murdoch's daughter Elisabeth told the actor that her father was pleased with the casting, though he had not yet seen the film.Saudi Arabia accused Iran of attacking the Sidr in the Strait of Hormuz on Monday, killing two Filipino crew members. The United Arab Emirates condemned the incident as a threat to international maritime security and a violation of UN Security Council Resolution 2817.On Wednesday, the British Museum will host King Charles and French President Emmanuel Macron for a viewing of the Bayeux Tapestry exhibition. The nearly 1,000-year-old embroidery depicts the conquest of England by William I, the king's ancestor, in 1066.Tankers and cargo ships transiting the Bosphorus are fitting themselves with nets, water tanks and tyres to ward off intensifying strikes by Russia and Ukraine in the Black Sea. The Russian-flagged cargo vessel Omskiy-107, its command bridge destroyed by fire, drifted from Russian waters onto a beach east of Istanbul.Uber is laying off around 3,000 employees, about 10 percent of its workforce of roughly 34,000 as of the end of 2025. CEO Dara Khosrowshahi said the restructuring aims to simplify teams and remove management layers to make the company faster and more efficient. Remote workers will be required to relocate to offices.President Volodymyr Zelenskiy announced Wednesday that the two nations are moving toward a drone agreement. The disclosure followed discussions with German Chancellor Friedrich Merz.A man has turned himself in to authorities following a shooting at a weekend rave in Aarau, in northern Switzerland, that left one dead and six wounded. He confessed to carrying out the attack, police said Wednesday.US President Donald Trump said Wednesday that the renewed American campaign against Iran would not continue for an extended period and that the US is prepared to strike again at any time. Trump claimed Washington maintains strong control of the Strait of Hormuz, where the US operates vessels daily moving millions of barrels of oil, and threatened escalation if Iran responds to recent American strikes.Jurors in the Lindsay Clancy murder trial signaled deadlock to the judge on Tuesday and returned for a fifth day of deliberations on Wednesday. A person was arrested at court and charged with intimidation after attempting to photograph the defendant.The U.S. Mint released $1 coins bearing President Trump's image Wednesday for the 250th anniversary of U.S. independence; rolls of 25 cost $61. Federal law prohibits living people's likenesses on anniversary currency, but Treasury says the coins fall under powers Congress granted the Treasury secretary in a 2020 law, citing a 1926 Calvin Coolidge coin as precedent.Guy Pearce portrays the Australian media tycoon in Ink, a Danny Boyle film that chronicles how the Sun tabloid came to be, which premiered at the Venice Film Festival. Murdoch's daughter Elisabeth told the actor that her father was pleased with the casting, though he had not yet seen the film.Saudi Arabia accused Iran of attacking the Sidr in the Strait of Hormuz on Monday, killing two Filipino crew members. The United Arab Emirates condemned the incident as a threat to international maritime security and a violation of UN Security Council Resolution 2817.On Wednesday, the British Museum will host King Charles and French President Emmanuel Macron for a viewing of the Bayeux Tapestry exhibition. The nearly 1,000-year-old embroidery depicts the conquest of England by William I, the king's ancestor, in 1066.Tankers and cargo ships transiting the Bosphorus are fitting themselves with nets, water tanks and tyres to ward off intensifying strikes by Russia and Ukraine in the Black Sea. The Russian-flagged cargo vessel Omskiy-107, its command bridge destroyed by fire, drifted from Russian waters onto a beach east of Istanbul.Uber is laying off around 3,000 employees, about 10 percent of its workforce of roughly 34,000 as of the end of 2025. CEO Dara Khosrowshahi said the restructuring aims to simplify teams and remove management layers to make the company faster and more efficient. Remote workers will be required to relocate to offices.
MarketEconomy

Tariffs

Tariffs are taxes imposed on imported goods, often used as leverage in trade disputes between countries. Canada is preparing retaliatory tariffs after trade talks with the US collapsed, deepening a trade war that has also seen Trump float renaming Lake Ontario.

6 stories from Aug 25, 2026 to Sep 1, 2026 · Economy desk

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