💵 Pakistan asks US for $10B exchange support

Pakistan has formally submitted a request to the US Treasury Department for a $10 billion facility. This move aims to boost stability in the foreign exchange market for Pakistan. The request was made as Pakistan implements its $7 billion IMF program agreed in 2024. The facility is intended to signal currency stability rather than being a conventional loan. The government expects feedback from either Exim Bank or the US Treasury by the end of September. 📈

🧠 Ex-RBI Governor proposes tax on AI usage

Raghuram Rajan suggested levying an AI tax, where companies pay more when using AI to replace human work. This idea was presented in a Project Syndicate column targeting AI jobocalypse fears, specifically in the US context. The proposal suggests starting with a low tax on AI tokens and gradually increasing it as governments learn more, including foreign companies. Rajan argues this levels the playing field since companies don't pay social security for AI, unlike human workers. He also recommends tax credits to incentivize businesses to continuously retrain their employees. 🤖

😥 Ex-Meta staffer alleges 'don't ask, don't tell' on kids' safety

Former Meta safety researcher Arturo Béjar accused the company of having a 'don’t ask, don’t tell' policy regarding child safety issues. He made these claims while testifying in a major trial brought by 29 US states against Meta. Béjar stated he raised safety issues with Mark Zuckerberg at least 100 times between 2009 and 2015. The states accuse Meta of fueling a teen mental health crisis via Facebook and Instagram's design. The trial, which started on August 18, is expected to last six weeks and seek major financial penalties. 😥

🛑 Manipur schools shut down for three days over protests

Schools and colleges across Manipur have been temporarily closed for a period of three days. This shutdown affects students and staff in various educational institutions throughout the state. The closures were implemented starting from October 26th, 2023, and are expected to continue until October 28th, 2023. The decision comes amidst ongoing protests happening across the region. Authorities are monitoring the situation and will announce further updates regarding reopening timelines soon.

📈 Sugar stocks are up amid price hikes and new rules

Sugar stocks, including Balrampur Chini and Dalmia Bharat Sugar, rallied for the third straight session on Thursday, August 20. This surge happened amid high market demand and government updates on limiting stockholding for bulk buyers. The Ministry of Consumer Affairs announced a 15-day stock limit for bulk buyers starting September 1, 2026. This move aims to control domestic prices and curb hoarding, especially as global prices also climb. Investors are now watching closely for government plans to lower or remove the 100% import duty. 📈

⚽ Arsenal set to dominate league, but European chances are iffy

Arsenal finally secured the Premier League title on May 19, 2026, ending over two decades of disappointment for supporters. Mikel Arteta's team achieved this feat at Dean Court after a 1-1 draw with Manchester City. Key signings include Bruno Guimaraes for £75m and Piero Hincapie for £34.5 million. The squad looks primed to conquer Europe, despite missing out on Vinicius Junior. They start the 2026-27 season by defending their title at home against Coventry City. 🏆

💡 Three teams explore light control via circuits

Three separate research teams are investigating distinct methods to gain control over light. These groups are operating across various labs and academic institutions. The research involves manipulating light across different circuit architectures and properties. This work aims to push the boundaries of photonic device capabilities and understanding. Future steps will focus on scaling these innovations for practical applications. 💡

🔥 Russia hits Kyiv with massive missile and drone barrage

Russia launched a huge overnight air assault using ballistic, cruise, hypersonic missiles, and 168 drones on Ukraine. The attack targeted Kyiv and surrounding regions, resulting in at least 12 deaths and over 40 injuries. Specifically, a nine-storey building in Solomianskyi district burned, killing seven people. Beyond the capital, infrastructure in Chernihiv and Odesa were also hit by Russian forces. Ukraine is currently facing these intensified aerial attacks while diplomatic talks continue. 💥

🏎️ Max Verstappen locks in new Red Bull contract

Max Verstappen has officially signed a new contract with Red Bull Racing. This deal concludes uncertainty for the 28-year-old driver and the Milton Keynes team. The agreement extends until the end of the 2030 season, securing his spot. This keeps the four-time world champion in F1 for the next regulatory campaign. Consequently, a decorated seat at the outfit is no longer available for other drivers.

🕊️ Congress honours Rajiv Gandhi's vision for India

Congress paid tributes to former PM Rajiv Gandhi on his 82nd birth anniversary, highlighting his role in modernizing India. Mallikarjun Kharge stated his legacy is in youth faith and tech progress, while PM Modi also paid homage on August 20, 2026. Jairam Ramesh noted Gandhi lowered the voting age to 18 and ushered India into the IT era. He also established the National Youth Day and the New Education Policy of 1988. The party vows to build the India of his dreams, continuing his forward-looking spirit. 🇮🇳

✨ Meta AI helps SMBs crunch business data

Meta AI has rolled out new tools enabling businesses to analyze their content and ad performance across platforms. These features are available on meta.ai, the mobile app, and the desktop app, allowing connection to Instagram, Facebook, and Google Workspace. The AI can analyze engagement metrics, review ad campaign data, and even suggest budget adjustments based on performance. Users can also ask the tool to generate reports or presentations using this business data. These features are free to start, with paid subscriptions available for expanded use. 📈