British weekly on economics, politics and culture
Millions of Ethiopians are voting in the 7th General Election as NEBE oversees more than 52,000 polling stations. The vote is viewed as a defining moment for the country’s democratic institutions, with digital registration and expanded media space marking a modernization of the process.
At the Group of 7 summit, Donald Trump has denied U.S. investment in a proposed $300 billion Iran reconstruction fund and has criticized past deals with Tehran. Officials say the agreement would reopen Hormuz, lift oil export restrictions temporarily, and push nuclear talks into a 60-day phase. Other leaders warn of broader financial relief being extended to Iran.
European heat waves persist with record-setting temperatures across multiple countries. Authorities warn of health risks, power strains, and disruptions to travel and schooling. Forecasters expect a gradual cooldown starting Friday, as the continent faces a second consecutive heat dome driven by high pressure.
Pride events across the US and Europe proceed as leaders push back on transgender rights and DEI policies. In New York and San Francisco, parades highlight activism over corporate spectacle, with hospitals facing pressure over gender-affirming care and organizers weighing participation amid federal subpoenas.
Trump has announced a midterm national convention in Dallas for September 9–10, a break from tradition. The event aims to energize GOP voters ahead of the 2026 midterms, with attention on Texas races such as Paxton vs. Talarico as Democrats seek to counter Trump’s influence. Democrats considered but did not pursue a similar convention.
Tesla has reported weak Q2 profits and heavy capital spending on AI, robotaxis and humanoid robots, turning free cash flow negative and sending its shares sharply lower. SpaceX has fallen since its IPO and heavy short interest is piling up. Investors are demanding clearer timelines for robotaxi, Optimus and Tesla–SpaceX collaboration as capital needs rise.
A wave of AI coverage shows leaders warn momentum is unstoppable while calling for cross‑industry safety checks. Musk predicts rapid gains and a future of abundance; others push for collaboration and stronger safeguards as deployment accelerates.
Medicaid work-reporting requirements are rolling out in multiple states, with Nebraska initiating deductions for enrollees who don’t report 80 hours of community engagement. Officials warn the rollout could trigger a nationwide coverage risk, while providers and patient groups push for broader medical exemptions amid mounting opposition to the policy.
The Washington Post and Axios report growing criticism of JD Vance’s bid for Trump’s endorsement, with Journal editorial board pieces challenging his ambitions, temperament, and Iran stance; meanwhile The Guardian and Business Insider UK cover Adam O’Neal’s sudden departure from Post Opinions amid debatable reorientation of the section.
A Financial Times poll conducted for the Financial Times finds Americans nationwide are in a worse financial position than a year earlier. Democrats hold a small edge on the midterm generic ballot, while President Biden’s approval remains low. Analysts warn that the Republican agenda could be endangered if Democrats regain control of Congress; Trump supporters are fixated on monuments and other policy symbols. The data add to a challenging political climate ahead of November’s elections.
Independent reports that Trump has shared AI-generated images, including one with Washington and Lincoln signing a map, and others depicting him in various guises. The posts come as he uses Truth Social to fuel talk of a possible 2028 run, drawing mixed reactions from allies and critics.
A trio of articles show a shifting US stance on Israel, with surveys indicating rising unfavourable views of Israeli government and society among Americans across parties. The debate is moving toward tougher U.S. policy, even as some voices call for accountability and humanitarian considerations.
Karoline Leavitt has announced she will leave her role as White House press secretary at the end of August to spend more time with her two young children. President Donald Trump has said she will remain a top outside adviser; the White House has not named a successor and senior officials are expected to brief reporters temporarily.
In a Channel 12 interview tied to a new book, former prime minister Naftali Bennett accuses a pro-Netanyahu campaign machine of distorting his image and reveals tense moments from his 2021 handover discussions, underscoring the fragility of Netanyahu’s governing coalition as elections approach.