News
The eruption began Monday and intensified as gas, lava and ash rose from the crater. Pyroclastic flows moved through several ravines on Fuego’s western and southwestern slopes, reaching distances of five to seven kilometers. These flows contain hot gas, ash and rock and can move at high speed. Monitoring teams also tracked an ash column spreading west and northwest, with volcanic material reported far beyond the immediate danger zone.
Strong winds pushed the eastern Washington fires through dry grass, timber and residential areas north of Spokane. The Old Trails Fire crossed the Spokane River and entered northwest neighborhoods only hours after it began. Flames damaged homes, businesses, vehicles, power equipment and other property across several communities. Infrared surveys identified possible damage to hundreds of additional buildings, though assessment teams had not confirmed those losses.
President Donald Trump said the United States would cancel a planned attack on Iran if negotiators reached a rapid agreement. He said the proposed deal must reopen the Strait of Hormuz and address Iran’s nuclear activities. Trump also said Israel supported efforts to complete the arrangement. His announcement halted preparations for another round of U.S. strikes. Officials had not released a signed agreement or detailed terms by Monday morning.
Austria recorded its highest July temperature on July 31, when Wieselburg in Lower Austria reached 40.3 degrees Celsius. The reading broke the national July record of 39.7 degrees, set in Dellach im Drautal on July 27, 1983. GeoSphere Austria confirmed the new monthly high as a severe heatwave tightened its grip on eastern regions. The temperature remained below Austria’s all-time record of 40.5 degrees, measured in Bad Deutsch-Altenburg in August 2013.
Business
The latest slide followed a sharp Tuesday retreat that exceeded the 4% decline reported earlier in the session. Brent settled 5.3% lower at $79.36 a barrel, its first close below $80 since July 13. WTI settled 5.7% lower at $75.77. Both contracts reached their lowest closing levels in three weeks. The Tuesday losses extended Monday’s drop, when Brent fell 7% and WTI declined 5.1%.
Sports
ARLINGTON, TEXAS / MENA Newswire / – Spain reached the FIFA World Cup quarter-finals with a 1-0 win over Portugal on Monday, as Mikel Merino scored…
Health
The study will operate at three Canadian sites and enroll about 80 healthy adults. Researchers will assess the vaccine’s safety, tolerability and ability to produce an immune response. The trial will not determine whether the vaccine prevents infection because Phase 1 studies focus on early safety data. The Coalition for Epidemic Preparedness Innovations has committed up to $50 million for preclinical work, the trial and production of additional research doses.
Technology
The valuation shift reflects broader recalibrations across international financial markets as institutional managers re-evaluate capital commitments tied to artificial intelligence infrastructure. While competing hyperscale computing enterprises including Alphabet and Tesla accelerated capital investments toward data centers, robotics, and autonomous transport networks, Apple maintained disciplined expenditure controls over consecutive fiscal quarters. Market participants increasingly view Apple’s disciplined spending approach as an operational buffer, allowing the firm to expand its proprietary Apple Intelligence software ecosystem without incurring high infrastructure depreciation costs. Trading patterns across major equity benchmarks highlighted diverging sentiment between hardware component suppliers and consumer technology platforms. Nvidia shares experienced increased selling pressure alongside wider pullbacks across semiconductor equities, as investors scrutinized the timeline for financial returns on massive artificial intelligence data center investments. The Philadelphia Semiconductor Index recorded notable weekly declines as market participants reassessed elevated valuation multiples across pure-play chipmakers. Despite persistent demand for graphics processing units, concerns surrounding energy supply constraints, macroeconomic interest rate trajectories, and capital expenditure intensity weighed on semiconductor equity prices.
Automotive
German luxury sports car manufacturer Porsche announced an agreement with labor representatives on Monday to reduce its workforce by an additional 5,000 positions by 2035 as part of a restructuring program. The decision brings total planned job eliminations across the company to approximately 9,000 positions, representing roughly 21 percent of its 42,066 workforce. Company leadership confirmed that Porsche to cut 5,000 more jobs under restructuring plan negotiations following months of talks between management and labor councils. The initiative aims to bolster operational efficiency as the vehicle producer confronts declining market share in Asia, elevated global tariffs, and sluggish demand for electric vehicles.