Nepal police say floods have killed at least 157 people.

Spain plans stricter water, energy and cybersecurity regulations for data centers, included in a draft decree opening for public consultation this week, government sources said. The draft would require operators to be established in the EU, keep processed data and metadata within the EU, and implement mechanisms to control third‑country access. Facilities handling public‑sector or national‑security data would face tougher rules. Spain, drawing AI infrastructure projects worth tens of billions of euros due to abundant renewables and land, says the large project pipeline allows selection of the most sustainable, secure and efficient sites—an explicit objective of the proposed rules.

Iran's rally reflects post-conflict asset revaluation, very high inflation expectations and liquidity returning to equities rather than a pickup in real fundamentals. The Tehran Stock Exchange reopened in late May after an ~80‑day suspension following US‑Israeli strikes; TEDPIX, which was around 3.7m points before the halt, has climbed past 6.38m. Inflation remains extreme — Tindex shows July inflation near 87.9% — prompting a shift out of cash into stocks, gold, property and FX, which can drive strong nominal equity gains without corresponding rises in real purchasing power or corporate profits. Many listed firms (petrochemicals, steel, copper, mining, energy and exporters) have revenues or assets linked to dollars or commodity prices, so rial depreciation and inflation can boost nominal revenues and prompt asset revaluation. Market breadth is wide: over 90% of stocks are up and more than 80% have risen 2–3%, pointing to a liquidity‑driven, market‑wide buying wave rather than a narrow, sector‑specific rally.