Latest News
- Canada’s tax reform may begin with changes for small businesses, official says
- Trump requests Supreme Court intervention in East Wing ballroom project dispute
- Woman in her 90s dies in Gloucester house fire; suspect arrested for murder
- Multiple fatalities confirmed after car travels wrong way on Co Kildare motorway
- Spanish jets intercept and destroy drone in Romanian airspace on Sunday
- EU countries agree to extend temporary protection for those fleeing Ukraine until March 2028
- Makhachev claims record 17th consecutive UFC victory over Machado Garry
- B.C. evacuees return home Saturday with warnings to prepare for changes
Financial Times - oil producers spring surprise output cut of more than 1mn barrels a day
Summary of the front page
The Financial Times splashes on the revelations from oil producing nations that they will be cutting back production by more than a million barrels a day.
According to the paper, the move has put Saudi Arabia on a “collision course” with the US as it attempts to boost prices.
Today's top stories
Canada’s tax reform may begin with changes for small businesses, official says
August 16, 2026
2:00 pm
Over a year into Prime Minister Mark Carney’s mandate, the Liberal government has implemented several changes to Canada’s tax system. These adjustments aim to address fiscal strategies while responding to evolving economic conditions. Further details on the specific changes have not been disclosed.
Trump requests Supreme Court intervention in East Wing ballroom project dispute
August 16, 2026
12:00 pm
The Trump administration has requested intervention from the Supreme Court to proceed with a $400 million project replacing the demolished White House East Wing. This follows a federal appeals court ruling stating the White House likely lacks authority for the construction without congressional approval.
Woman in her 90s dies in Gloucester house fire; suspect arrested for murder
August 16, 2026
11:00 am
A woman in her 60s has been arrested on suspicion of murder and arson following a house fire that claimed the life of a woman in her 90s in Hardwicke, Gloucestershire. The suspect was known to the victim, and police believe the incident was isolated.
Multiple fatalities confirmed after car travels wrong way on Co Kildare motorway
August 16, 2026
10:00 am
A car travelling the wrong way on the M9 motorway in Co Kildare has resulted in multiple fatalities and several injuries, including a seriously injured child.
Spanish jets intercept and destroy drone in Romanian airspace on Sunday
August 16, 2026
9:38 am
Two Spanish F-18 fighter jets intercepted and destroyed an unidentified drone in Romanian airspace early on Sunday, 24 kilometres north of Galati. Defence Minister Miruta confirmed the incident, highlighting Romania’s role in the European Union’s defence and the importance of vigilance amid ongoing tensions with Russia and Ukraine.
EU countries agree to extend temporary protection for those fleeing Ukraine until March 2028
August 16, 2026
9:00 am
EFFECTS ON ECONOMY
This morning, Europe faces economic challenges due to rising temperatures impacting productivity.
Economic forecasts anticipate significant GDP shifts across the European Union.
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