Kallas said the EU today adopted a new sanctions list targeting five individuals involved in Russia's military-industrial complex.

The Shanghai Meteorological Observatory issued a blue typhoon warning at 16:00 on August 7, 2026. The 13th typhoon of the year, White Dolphin, is expected to bring gusts of force 8 across most of Shanghai from the morning of August 8, with gusts up to force 9 in high-rise and riverside/coastal areas. Shanghai's flood control headquarters has activated a citywide Level IV flood/typhoon response.

MUSALEM of the Federal Reserve said gradual rate hikes have lower costs than abrupt policy moves.