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Brooklyn Democrats Rule Change Blocked as Reformers Win Court Victory on August 25
Brooklyn Democratic Party chair Rodneyse Bichotte Hermelyn proposed expanding executive committee voting from 42 to over 68 members. Reformers and city officials oppose the move as an attempt to block newly elected district leaders from removing her.
Enflame Plans $892 Million Shanghai IPO, Offering 43 Million Shares as China’s AI Chip Race Heats Up
China’s AI chip race is entering another busy phase as Enflame Technology targets a 6 billion yuan ($892 million) Shanghai IPO. The Tencent-backed chipmaker plans to issue 43.04 million new shares, with subscriptions set to open on September 2, 2026. Price consultations will start on August 28. The offering comes as Chinese AI chipmakers draw…
UK Shares Missile Blueprints With Ukraine; Russia Threatens Escalation
UK PM Burnham declassifies Storm Shadow missile blueprints for Ukraine on independence day. Russia threatens escalation, accusing Britain of fueling the conflict.
Father Pushes ‘Lily’s Law’ After Teen Hiker Dies in NSW Bushland
After 18-year-old Lily Hooper’s death in NSW bushland, her father pushes for ‘Lily’s Law’ to require GPS trackers and safety beacons for hikers. NSW Premier Chris Minns pledges to honour her memory.
Secret White House Bunker Undermines Trump’s $600M Ballroom Security Case
Former officials say existing White House bunker undermines Trump administration’s security argument for $600 million ballroom. Supreme Court allowed construction to continue on August 21.
Breeze Airways Suspends 4 Florida Routes Through October 2
Breeze Airways suspends four Florida routes in September 2026, including Fort Lauderdale to Salisbury and Wilkes-Barre, plus Fort Myers to Albany and Orlando to Portsmouth. Three other routes see capacity cuts.
Xiaomi (HK: 1810) Launches In-House Xring O3 Chip and Partners with TSMC for Production
Xiaomi unveiled its Xring O3 chip on August 24, 2026, adding another in-house processor to its growing semiconductor effort. Sources familiar with the plans say TSMC will manufacture the chip using 3nm technology. The processor is expected to power Xiaomi’s next flagship foldable, with initial shipments estimated at 200,000 to 300,000 units. Developing its own…
Sony Faces PlayStation Blackout as Gamers Protest Disc Phase-Out by 2028
PlayStation gamers boycott Sony through August 30 over plans to end physical disc production in 2028. Sony’s licensing emails spark debate on digital ownership rights.
Hanmi Pharm (KRX: 128940) Hits 30% Daily Limit on $2.3B Obesity Drug Licensing Deal with Genentech
Hanmi Pharm shares surged 30% on August 24, 2026, hitting the daily price limit after the South Korean drugmaker announced a licensing deal with Genentech worth up to $2.3 billion. The agreement covers HM17321, an experimental obesity treatment designed to reduce body fat while preserving muscle mass. Hanmi will receive $190 million upfront, while Genentech…