Ukraine Takes IOC to Court Over Russia’s Olympic Return

Ukraine’s National Olympic Committee (NOC) has appealed to the Court of Arbitration for Sport (CAS) against the International Olympic Committee’s (IOC) decision to provisionally reinstate Russia. The IOC suspended the Russian Olympic Committee (ROC) in 2023 after Russia’s invasion of Ukraine. However, on July 7, 2026, the IOC lifted the suspension, saying the reasons for the ban were “no…

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US Federal Reserve Holds Rates Steady as Inflation Hawks Call For Hike

The US Federal Reserve held interest rates steady on Wednesday, with surging inflation fuelled by President Donald Trump’s war on Iran seeing three of the committee’s 12 policymakers calling for a quarter-percentage-point rate hike. The Fed’s open market committee (FOMC) held rates at 3.50-3.75 per cent for the fifth straight meeting, with its chairman, Kevin Warsh, denying that he…

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US to Hit Iran Hard, Says Trump

President Donald Trump vowed to hit back hard at Iran after it attacked US bases in Jordan on Wednesday, as the Middle East war reignited and once again drew in the Islamic republic’s proxies. The warning came after a short lull in the fighting that had spurred hopes of a return to negotiations appeared to draw to an end,…

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UEFA Rejects FIFA’s $20 Billion Stake Sale Plan

European football governing body UEFA has rejected plans by world football governing body FIFA to sell minority stakes in a new commercial subsidiary for $20 billion. FIFA had announced plans to establish the subsidiary tagged FIFA Forward Enterprise (FFE), valued at $20 billion on Tuesday to oversee its commercial and event operations. FIFA, however said it will retain control…

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7.1-Magnitude Earthquake Rocks Southern Japan

A powerful earthquake measuring a preliminary magnitude of 7.1 struck Japan’s southern Kumamoto prefecture on Tuesday, prompting authorities to issue a tsunami warning and emergency alerts across several regions on Kyushu Island. The Japan Meteorological Agency (JMA) said the quake could generate tsunami waves of up to one metre (3.28 feet) and urged residents in coastal areas to remain…

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