As per latest government data, Australia's population hit a record 25 million, almost a decade earlier than projected, as it attracts hundreds of thousands of migrants each year.
US President Warns Against Business with Iran
US President Donald Trump warned countries against doing business with Iran as he hailed the most biting sanctions ever imposed, triggering a mix of anger, fear and defiance in Tehran.
"Anyone doing business with Iran will NOT be doing business with the United States," said Trump.
Aug 07, 2018
PepsiCo's New CEO
PepsiCo Inc said that Indra Nooyi would step down as chief executive officer after 12 years at the helm and named President Ramon Laguarta as her replacement.
Laguarta will take over from Nooyi in October and will also join the board.
Nooyi who has been with the company for 24 years, will continue as chairman of the board until early 2019.
73rd Anniversary of Atomic Bombing
Hiroshima marked the anniversary of the August 6, 1945, atomic bombing with a sombre ceremony to remember the people killed and injured and a call to eliminate nuclear weapons amid hopes of denuclearizing North Korea.
Saudi Ends Diplomatic Ties with Canada
Saudi Arabia suspended diplomatic ties and new trade dealings with Canada in response to Canada's call for the release of women's rights activists, a dramatic escalation that highlights the kingdom's increasingly assertive foreign policy under Crown Prince Mohammed bin Salman.
Saudi Arabia recalled its ambassador to Ottawa and ordered the Canadian envoy to Riyadh to leave within 24 hours.
Aug 06, 2018
Steven Appointed as Special Envoy to the U.S.
Russia has appointed movie star Steven Seagal as a special envoy to the U.S.
Mr. Seagal's role would be to facilitate relations including cooperation in culture, arts, public and youth exchanges.
Aug 05, 2018
UN Sanctions Flouted
As per a UN report, North Korea has pressed ahead with its nuclear and missile programmes and continues to evade UN sanctions through increased illegal ship-to-ship transfers of oil products at sea.
The UN panel of experts also listed violations of a ban on North Korean exports of coal, iron, seafood and other products that generate millions of dollars in revenue for Kim Jong-un's regime.
U.S.-China Trade War Slammed
Asian countries have voiced concern about the potentially devastating impact of a U.S.-China trade war, with Ministers calling for the acceleration of talks for a gigantic Beijing-backed free-trade deal that excludes the United States.
Malaysian Foreign Minister Saifuddin Abdullah said on the sidelines of a summit that the prospect of a trade war is a "real threat" to Asian countries.
Other top diplomats at the forum, hosted by the Association of Southeast Asian Nations, spoke out against protectionism, warning that it places the region's development in jeopardy. Some Ministers also called for the early conclusion of talks for the Regional Comprehensive Economic Partnership, a 16-nation free trade pact.
Aug 04, 2018
Zimbabwe's First Post-Mugabe Election
Zimbabwe President Emmerson Mnangagwa, a former ally of Robert Mugabe, narrowly won the country's landmark election in an outcome set to fuel fraud allegations as security forces patrolled the streets to prevent protests.
Mr. Mnangagwa won 50.8% of the vote, ahead of Nelson Chamisa of the Opposition MDC party with 44.3%.
Japan Dethrones China
China just lost its ranking as the world's number two stock market.
Chinese equities were worth $6.09 trillion, according to data compiled by Bloomberg. That compares with $6.17 trillion in Japan. The US has the world's largest stock market at just over $31 trillion.
As per Banny Lam, head of research at CEB International Investment Corp. losing the ranking to Japan is the damage caused by the trade war.