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Trump sons’ cryptocurrency company set to launch public company focused on family token

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The Trump family business World Liberty Financial is planning to announce a crypto treasury company, say three investors who have seen parts of the deal. The plan, according to details shopped around to investors and viewed by Fortune, revolves around a publicly traded company that would hold a combination of World Liberty’s proprietary token WLFI and cash. 

The proposal also calls for Eric Trump and Donald Trump Jr. to serve on the board, and hopes to raise $1.5 billion to fund the new company.

If the plan goes forward, it would be the latest addition to the Trump family’s fast-growing crypto empire. The Trump family first announced the World Liberty crypto project last fall, launching a series of products including the WLFI token, which has netted $550 million in sales, as well as its own stablecoin, USD1. 

A spokesperson for World Liberty declined to comment. Spokespeople for Eric Trump and Donald Trump Jr. did not respond to requests for comment.

The planned treasury company comes amid a boom in so-called “digital asset treasury companies,” or publicly traded firms that hold large stashes of cryptocurrency on their balance sheets. According to details shared with investors, the planned treasury company for World Liberty’s token is a shell firm that is already listed on the NASDAQ, and that it has already acquired.

The concept of crypto treasury companies was pioneered by billionaire Michael Saylor, who remade his software company MicroStrategy into a vehicle to acquire Bitcoin in 2020 then renamed it Strategy in 2025. Traders soon saw the company’s stock as a proxy for the world’s largest cryptocurrency, and bought up its shares as Bitcoin’s price increased.

For Strategy, the tactic proved so successful that it went on to accumulate more than $72 billion worth of the cryptocurrency and reached a market capitalization of almost $113 billion, despite reporting only $115 million in revenue in the second quarter of 2025.

Crypto investors saw the boom in Strategy’s valuation and followed suit. Early copycats included a budget hotel company in Japan, which began adding Bitcoin in 2024, as well as a handful of other companies that joined the trend later that year.

But this year, the practice has accelerated. There are now treasury companies for Ethereum, the world’s second-largest cryptocurrency. There are also others for a growing number of cryptocurrencies, including Litecoin, Sui, and Ethena. Meanwhile, another Trump family venture, Trump Media, bought $2 billion of Bitcoin earlier this summer for its own treasury. 

Advocates say the treasury companies let traditional investors, who may be constrained by what they can trade through brokerages like Vanguard, trade cryptocurrencies and gain exposure to the digital assets market.

But an increasing number of investors have warned that the trend is a fad and say many of these companies may be at risk of collapse as the current crypto boom subsides.

Aside from World Liberty Financial, which promises to launch different decentralized financial applications built around its token and stablecoin, President Donald Trump and First Lady Melania Trump have both launched their own memecoins. Eric and Donald Jr. are also deeply involved in the blockchain industry, including their backing of a Bitcoin mining company.

On the new Fortune Crypto Playbook vodcast, Fortune’s senior crypto experts decode the biggest forces shaping crypto today. Watch or listen now

The Reasons for the Thailand-Cambodia Conflict

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new video loaded: What’s Behind the Thailand-Cambodia Conflict

Recent episodes in Latest Video

Whether it’s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, Times Video journalists provide a revealing and unforgettable view of the world.

Whether it’s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, Times Video journalists provide a revealing and unforgettable view of the world.

MBW’s weekly wrap-up: From Live Nation’s record Q2 concert revenue to Kobalt’s latest AI agreement

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Welcome to Music Business Worldwide’s Weekly Round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s Round-up is exclusively supported by BMI, a global leader in performing rights management, dedicated to supporting songwriters, composers and publishers and championing the value of music.


This week, Live Nation defied expectations by growing Q2 concert revenues 19% YoY to $5.946 billion… despite promoting fewer shows than it did in the same period of 2024.

The firm’s quarterly global attendance in Q2 2025 surged 14% YoY to 44.1 million fans.

Meanwhile, Kobalt struck a groundbreaking AI licensing deal with ElevenLabs that establishes 50/50 revenue parity between publishing and recorded music, complete with a ‘Most Favored Nation’ clause that could reshape industry negotiations.

Elsewhere, Spotify‘s shares jumped 5% after the company announced fresh price hikes across multiple international markets. Two examples: individual monthly Premium subscriptions rose to EUR €11.99 in Italy and Spain.

Also this week, Sony‘s music operations generated USD $2.768 billion in calendar Q2 2025, up 8.8% YoY, while Warner Music Group regained momentum with underlying recorded music revenues climbing 8.3% YoY.

Here are some of the biggest headlines from the past few days…


1. LIVE NATION JUST GREW CONCERTS REVENUE BY 19.0% YOY… DESPITE PUTTING ON FEWER SHOWS

Live Nation Entertainment delivered a strong Q2 2025 performance, with concerts revenue hitting a record $5.946 billion – up 19% year-on-year – despite promoting fewer total events.

The company promoted 14,292 events globally, down from 14,678 in the same quarter last year, but total global attendance exploded 14% YoY to 44.1 million fans.

The secret to Live Nation’s success lies in its strategic shift toward bigger, higher-value international events.

While its volume of North American shows fell by 876 events YoY in Q2 2025 (vs. Q2 2024), the number of its international events rose from 4,688 to 5,268, as international attendance surged up 33% YoY(MBW Explains)


2. KOBALT’S AI DEAL WITH SUNO RIVAL ELEVENLABS GUARANTEES PUBLISHING ‘PARITY’ WITH RECORDED MUSIC

Kobalt has secured a potentially precedent-setting licensing agreement with ElevenLabs’ new AI music platform, Eleven Music, that establishes 50/50 revenue parity between publishing and recorded music – a significant departure from traditional streaming economics where publishers typically receive around 25% compared to recorded music’s 75% share.

Perhaps most significantly, MBW has learned that Kobalt secured a Most Favored Nation (MFN) clause in the deal, meaning if any recorded music rightsholder negotiates better terms, Kobalt will automatically be upgraded to match them.

Kobalt’s opt-in agreement now exists alongside Merlin‘s separate deal with ElevenLabs for the recorded music rights of its members… (MBW)


3. SPOTIFY ANNOUNCES NEW PRICE HIKES

Spotify shares jumped 5% on Monday (August 4) after the streaming giant announced subscription price hikes across multiple international markets outside the US, covering South Asia (including India), the Middle East, Africa, Europe, Latin America and the Asia-Pacific region.

Premium monthly individual subscriptions have already increased by €1 per month in Italy, Portugal and Spain, with prices now at €11.99 in Italy and Spain, and €8.99 in Portugal. Countries that saw price increases earlier in the year appear unaffected by this latest round… (MBW)


4. SONY GENERATED $2.77BN FROM RECORDED MUSIC AND PUBLISHING IN CALENDAR Q2 2025, UP 8.8% YOY

Sony’s global music rights operation posted impressive Q2 2025 results, generating $2.768 billion across recorded music and publishing – an 8.8% year-on-year increase representing approximately $223 million more than the prior year quarter.

Recorded music operations contributed $2.09 billion, up 8.4% year-on-year, while music publishing added $683 million, climbing 9.9% YoY.

Streaming revenue dominated Sony’s recorded music performance, generating $1.36 billion with 7.3% year-on-year growth(MBW)


5. WARNER MUSIC GROUP REGAINS MOMENTUM: UNDERLYING RECORDED MUSIC REVENUES UP 8.3% YOY IN CALENDAR Q2, SUBSCRIPTION REVENUES UP 8.5%

Warner Music Group bounced back strongly in calendar Q2 2025, reporting total revenue of $1.689 billion, representing 7.0% year-on-year growth in constant currency.

When one-time items are excluded, the company’s underlying performance was significantly stronger, with recorded music revenues up 8.3% year-on-year and subscription streaming revenues climbing 8.5% YoY – a marked reacceleration from the previous quarter.

CEO Robert Kyncl emphasized that the results demonstrate the company’s strategy is working, delivering “massive chart hits, breakthrough stars, strong revenue growth, and market share gains…” (MBW)


Partner message: MBW’s Weekly Round-up is supported by BMI, the global leader in performing rights management, dedicated to supporting songwriters, composers and publishers and championing the value of music. Find out more about BMI hereMusic Business Worldwide

Key Points from the Women’s 4×200 Free Relay at the 2025 World Championships

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By Sam Blacker on SwimSwam

2025 World Championships

Ledecky Reverts To The Anchor – And To Form

Katie Ledecky swam second on this relay in 2023 and 3rd in 2024, clocking times of 1:54.39 and 1:54.93 respectively. That was trending up from the 1:53.67 she swam in 2022, the last time the U.S. won gold in the 4×200 free.

However, she was back on the anchor leg this year, and delivered her fastest split in three years to go 1:53.71, pretty much matching Mollie O’Callaghan. That helped propel the U.S. to a new Americas’ record in 7:40.01, just two-hundredths away from breaking 7:40.

With Claire Weinstein and Anna Peplowski still improving and a fully fit Erin Gemmell likely to be quicker than 1:56.40, they could break through that barrier next year.

Ledecky had her second-fastest split ever here, and was faster than she went at the 2016 Olympics where she won individual 200 free gold. A decade on in Irvine next year, she could be just as good.

Australia’s Steady 200 Free Production Line

You might have seen this one under the Day 5 relay analysis, but we’ve included it here in case you didn’t.

With no Ariarne Titmus in Singapore, and Emma McKeon and Brianna Throssell retiring after Paris, a significant proportion of the depth that had helped Australia to become the dominant nation in the 4×200 freestyle over the last couple of years had disappeared.

The front half of this relay was actually the same as the heats team in Paris, but a full 2.62 seconds faster than they managed there. Jamie Perkins was 1:56.78 there, and has dropped a good chunk of time in the event this season to go from 1:56.22 to 1:55.44 and rank #7 all-time among Australian women. Pallister, who led off, has now dipped under 1:55 on the last two occasions that she has swum the 200 free, and outdueled the individual bronze medalist Claire Weinstein on her leg. Even with her focus on the longer freestyle events, she will continue being a key member of this team when Titmus is back.

Through last season Brianna Throssell became an important part of this team, despite primarily being a fly swimmer. She ended up splitting 1:56.00 on the relay in Paris to help them to gold, and that pipeline is in full effect again this year with Brittany Castelluzzo. The 200 fly specialist finished 6th at Trials in 1:57.04, but split 1:55.93 and 1:56.01 here. She is probably the leg to be swapped out for Titmus, but she will be valuable for the prelims team and if any one leg of the finals team is off.

The pipeline of talent that has come through Australia’s ranks in the last few years shows no sign of slowing down. There are several youngsters among the top-10 Australian’s this year.

Top-10 Australian Women This Season, 200m Free

  1. Mollie O’Callaghan (21) – 1:53.48
  2. Lani Pallister (23) – 1:54.77
  3. Jamie Perkins (20) – 1:55.44
  4. Abbey Webb (24) & Hannah Casey (19) – 1:56.09
  5. Brittany Castelluzzo (25) – 1:57.04
  6. Inez Miller (18) – 1:57.32
  7. Amelia Weber (19) – 1:57.32
  8. Jaimie de Lutiis (19) – 1:58.62
  9. Leah Neale (29) –  1:58.63

Abbey Webb and Hannah Casey tied at Trials in 1:56.09, and both got some valuable experience in prelims, albeit much slower than their bests. With Milla Jansen and potentially even Olivia Wunsch an option in the future, as well as the inevitable next batch of swimmers to come through, this relay is not going anywhere any time soon.

Japan Have Been Shuffling Backwards Recently

Japan’s relay here finished 8th here in 7:58.13, a fair way off their national record of 7:48.96 from 2018. What was more surprising is that this side, their ‘A’ team was less than two seconds faster than their World University Games team, which took bronze in Berlin three weeks ago.

That quartet clocked 7:59.99, and actually hit the halfway point more than half a second ahead of their counterparts did in Singapore. Two of the swimmers from Berlin, Ruka Takezawa (1:58.86 FS) and Kanon Nagao (1:59.51), would have improved the worlds relay.

Not since their National Record-setting relay in 2018, driven by a 1:54.69 split from Rikako Ikee, has Japan broken 7:50. In fact, they have not broken 7:56 since then, and have been trending slower over the last few years.

Japan was 13th in just 7:59.10 last summer, and only a second faster this year. Putting their best quartet together would gain them around another second and a half, but that still doesn’t take them under 7:56.

Both this team and the individual 200 freestylers have not been one contending for medals recently, and, as such, are hit fairly hard by Japan’s stiff qualifying requirements. Rikako Ikee was their last finals level swimmer in the individual 200 free, and they don’t have a ton of depth right now either with no sub-1:58 swimmers.

They pushed Canada hard for the final place on the Pan Pacs podium at the last edition in 2018. Don’t expect that to happen next year.

Anna Peplowski Looks Like USA’s Next Underrated Relay Star

While Katie Ledecky and Mollie O’Callaghan drove each other to 1:53-point splits on the anchor, the third-fastest leg in the field, flat-start or not, came from a swimmer who has never had an individual swim at the world level.

Anna Peplowski, this season’s NCAA champion in the 200 free, had the U.S. in the lead at the halfway point thanks to a 1:54.75 split. She out-duelled Jamie Perkins, an individual finalist in both the 200 and 400, on this leg, and was nearly a second faster than her flat start best.

She was 1:57.98 leading off in the heats in Paris, and 1:56.88 anchoring the prelims squad the year before in Fukuoka. This year was the first time she was selected for the final, and she repaid that decision in spades.

Paige Madden was somewhat similar on this relay, delivering big 1:55-point splits in both Tokyo and Paris for a pair of silver medal-winning relays, the latter after finishing a successful NCAA career. Peplowski looks like she could be just as key to American hopes.

Claire Weinstein and Katie Ledecky may take the plaudits, but Peplowski is the piece that really gives them a chance to upset Australia in the future. If she follows form and drops time again next year, there could be another gripping anchor leg between the two even with the return of Ariarne Titmus.

The Front Three Are A Long Way Clear

There was a difference of 3.64 seconds between 1st and 3rd this year, slightly less than the 4.26 second gap from Paris. However, as this margin contracted, another lengthened. The gap from 3rd to 4th, which was 3.71 seconds in Paris, ballooned to 6.67 seconds.

Those respective margins have both increased since Tokyo, although the gap between 3rd and 4th by over a second more.

2021 2022 2023 2024 2025
1st to 3rd (seconds) 0.96 3.29 6.90 4.26 3.64
3rd to 4th (seconds) 2.48 0.96 2.13 3.61 6.67

Canada and Great Britain, who have been down in the 7:43.46 range, were well off that this year as neither broke 7:50. Great Britain seemed to have missed their chance with the current generation, as Freya Anderson does not look near her 1:55-point best and the fourth piece they have long needed still not there.

Canada meanwhile, have a trump card in Summer McIntosh, but will be loath to use her on the same night as the 200 fly semis unless it is the difference between making or missing the podium, and with the current squad that is not the case, even for the best female (and probably overall) swimmer in the world. She would have needed to split 1:49.11 to put Canada in 3rd this year.

China are keeping the gap close to the front two, but the rest of the pack is falling away. With the 200 free not seeing too much depth outside of the three nations at the front, that doesn’t look like changing anytime soon.

 

Hungary Has A Quick, Young, And Improving Core

The Hungarians were a thoroughbred of a dark horse in this event for 4th place. Nikolett Padar and Lilla Minna Abraham had tied for the win at the European U23 championships in 1:56.03, and Dara Molnar and Panna Ugrai are all solid 1:58-point swimmers.

They backed up their promise here, taking 4th after Abraham pulled away from Great Britain on the anchor leg.

Looking at their recent results in this event, Hungary were 5th in 2022 (7:57.90), 7th in 2023 (7:54.65), 6th in 2024 (7:50.52) and then 4th this year in 7:49.66. That growth is remarkable, and even more so for having done this with a mostly consistent group of swimmers – Padar has been on all four, Abraham and Molnar on three and Ugrai on the last two.

Not only that, but the only time one of those swimmers did not improve their split from the previous year was Padar’s leadoff this year, where she was a second slower than her 1:56.14 from last summer. She has a season best of 1:56.03, set when tying Abraham for the win at the European U23 Championships back in June.

They are getting closer to the super-suited National Record of 7:48.04 from 2009, which was anchored by a certain Katinka Hosszu. This was the only female relay record Hungary did not break in Singapore, but time is ticking on this one.

Read the full story on SwimSwam: 2025 World Championships: Six Takeaways From The Women’s 4×200 Free Relay

Improvements to the Quickest Electric Dirt Bike

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As if producing the world’s fastest electric enduro motorcycle wasn’t enough, Stark Future has gone ahead and updated the Varg MX with some crucial upgrades with the 1.2 trim.

The Swedish-owned, Spain-based bikemaker has been flying of late, reporting profitable numbers so early in its existence. And when you consider this Varg update, you really understand how serious Stark is about making it big.

The second-generation Varg gets “advanced updates in powertrain, chassis design, and software features, pushing the boundaries of what’s possible in the premium electric motorcycle industry,” per Stark. Enough for me to throw every last dime at the bike – fingers crossed I won’t need what’s left for a hospital bill. After all, it is the fastest electric motocrosser out there.

The original motor stays put

Stark Future

Right then, what does it get? The motor stays put – the same 80-horsepower and 717-lb-ft (973-Nm) electric drivetrain, but it now gives you the ability to customize the power distribution.

You can fine-tune the output from 10 to 80 horsepower in real time, thanks to fine control over the power curve and motor braking. Stark states that it “ensures a ride that’s perfectly adapted to every rider, track or terrain, all at the tip of your fingers.”

The chromoly-steel frame is completely redesigned to be lighter by about 2.2 lb (1 kg), while offering more flex around the shock mount to increase traction and rider comfort. The KYB suspension system has also been retuned, with new mid-valve shim stacks and 12.2 inches (310 mm) of travel. You can also choose the spring rates straight from the factory floor when you place your order. Neat!

The battery is upgraded to a 7.2-kWh unit
The battery is upgraded to a 7.2-kWh unit

Stark Future

But perhaps most importantly, the battery is upgraded to a 7.2-kWh unit (up from 6.5 kWh) packed within a lightweight magnesium honeycomb casing, which Stark claims delivers up to 20% more range than its predecessor. That’s down to greater efficiency and improved thermal management.

I’ve always liked the tablet-like display unit on these bikes. Kinda goes really well with that whole enduro vibe. Now, Stark has added a new “Arkenstone” display. It features GPS-based lap timing and navigation technology that delivers real-time split times while riding the bike. As before, it can be removed from its bar mount and wirelessly synced to the bike’s management system.

Then, there are incremental upgrades like the new overmolded wiring harness that further enhances durability, a lighter and more efficient gearbox, new tires (which you can choose between Dunlop or Pirelli), and a stronger skid plate made of biodegradable materials.

As before, the tablet-like display can be removed from its bar mount and wirelessly synced to the bike's management system
As before, the tablet-like display can be removed from its bar mount and wirelessly synced to the bike’s management system

Stark Future

You also get to choose between a foot- or bar-operated rear brake while making that order. Famed Motocrosser Kevin Windham was one of the lucky few to have tested the real thing, and he noted, “I’ve ridden everything there is to ride, and this is the future.”

Stark is offering a full two-year warranty, though I hardly think you should be worried about the maintenance. It’s an electric, after all. The Varg MX 1.2 will be available in two configurations: Standard, with 60 horsepower, which will cost you US$12,490, and Alpha, with 80 horsepower, priced at $13,490.

Looks like that X-Games ban didn’t unsettle Stark, after all!

Source: Stark Future

Trump proposes $1 billion settlement to UCLA during standoff with pro-Palestine protesters | Latest News on Donald Trump

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The proposed settlement is the highest yet, as Trump continues pressure universities to submit to wide-ranging demands.

The administration of United States President Donald Trump has requested that the University of California, Los Angeles (UCLA), submit to a $1bn settlement to resolve accusations stemming from the school’s handling of pro-Palestine protests.

A White House official and the University of California system both confirmed the proposed settlement to news agencies on Friday.

The settlement proposal is notable for the massive sum requested, as the Trump administration seeks to pressure top schools into compliance with its policies.

The $1bn price tag would far exceed the payouts inked in previous agreements reached with Columbia University and Brown University last month. Columbia agreed to pay a fine of about $221m, and Brown confirmed it would pay $50m to a state workforce development programme.

“The University of California just received a document from the Department of Justice and is reviewing it,” University of California President James Milliken said in a statement.

He added that the institution had offered to have talks with the government earlier this week.

UCLA, which boasts the largest student body in the University of California system, had also announced this week that the Trump administration suspended $584m in federal grants to the school.

The Department of Justice’s Civil Rights Division explained that the funding would be frozen as a result of civil rights violations connected to pro-Palestinian protests since 2023. The school had acted “with deliberate indifference in creating a hostile educational environment for Jewish and Israeli students”, it said.

Free-speech advocates, however, have accused the Trump administration of willfully conflating pro-Palestine and antiwar advocacy with anti-Semitism in order to silence protesters.

Last month, UCLA reached a $6m settlement with three Jewish students and a Jewish professor who claimed their civil rights were violated by pro-Palestinian protesters blocking their access to class and other areas on campus during a 2024 protest encampment.

It was not immediately clear why the $1bn settlement sought by the Trump administration was so high.

UCLA is also the first publicly funded university to face a potential grant freeze from the Trump administration. In his statement, Milliken said the payment would have wide-ranging consequences.

“As a public university, we are stewards of taxpayer resources, and a payment of this scale would completely devastate our country’s greatest public university system as well as inflict great harm on our students and all Californians,” he said.

Civil liberties organisations have also underscored that students at publicly funded universities are typically afforded wider constitutional protections while on campus.

That stands in contrast to private institutions, where students are generally subject to whatever restrictions on speech are outlined by administrators in their enrollment agreement.

The First Amendment of the US Constitution restricts the government’s ability to limit free speech. Any future agreement between the University of California system and the Trump administration might face a legal challenge, should it be perceived to trample on free-speech rights.

Speaking on Thursday, California Governor Gavin Newsom, who has been one of Trump’s most vocal Democratic opponents, urged the state’s university officials not to kowtow to the administration’s demands.

“We’re not Brown, we’re not Columbia, and I’m not going to be governor if we act like that,” Newsom said, according to the Los Angeles Times. “Period. Full stop. I will fight like hell to make sure that doesn’t happen.”

The Challenge Faced by the Client

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Client Challenge



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Israel stands firm against international criticism of Gaza City takeover proposal

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Reuters Israeli Prime Minister Benjamin Netanyahu speaks during a briefing. Photo: May 2025Reuters

Benjamin Netanyahu’s office says a newly adopted five-point plan is aimed “defeating Hamas” and “concluding the war”

Israel has strongly rejected criticism from world leaders after its security cabinet approved a plan to take control of Gaza City.

Defence minister Israel Katz said countries that condemn Israel and threaten sanctions “will not weaken our resolve”.

“Our enemies will find us as one strong, united fist that will strike them with great force,” he added.

Israel’s decision to expand its war in Gaza sparked condemnation from the UN and several countries, including the UK, France and Canada, and prompted Germany to halt military exports to Israel.

The plan approved by the Israeli security cabinet lists five “principles” for ending the war – disarming Hamas, returning all hostages, demilitarising the Gaza Strip, taking security control of the territory, and establishing “an alternative civil administration that is neither Hamas nor the Palestinian Authority”.

Reports in Israeli media say the plan initially focuses on taking full control of Gaza City, relocating its estimated one million residents further south. Forces would also take control of refugee camps in central Gaza and areas where hostages are thought to be held.

A second offensive would follow weeks later in parallel with a boost in humanitarian aid, media say.

The move to escalate the conflict has drawn fierce opposition from some within Israel, including from military officials and the families of hostages being held in Gaza.

Hamas has said the plan to occupy Gaza City “constitutes a new war crime” and would “cost [Israel] dearly”.

Reacting to Israel’s decision, UN human rights chief Volker Turk warned that further escalation “will result in more massive forced displacement, more killing, more unbearable suffering, senseless destruction and atrocity crimes”.

UK Prime Minister Sir Keir Starmer called the move “wrong”, saying it “will only bring more bloodshed”.

Australia’s Foreign Minister Penny Wong urged Israel “not to go down this path”, stressing that it would “only worsen the humanitarian catastrophe in Gaza”.

Turkey’s foreign ministry urged the world community to prevent Israel’s plan, which it said aimed to “forcibly displace Palestinians from their own land”.

In China, a foreign ministry spokesperson told the AFP news agency that “Gaza belongs to the Palestinian people and is an inseparable part of Palestinian territory”.

Meanwhile, Netanyahu told German Chancellor Friedrich Merz he was disappointed with Berlin’s decision to suspend arms exports to Israel, saying it was “rewarding Hamas terrorism”.

In Israel itself, families of the remaining hostages in Gaza have warned that the lives of the 20 believed to have survived will be put in peril.

The Hostages Families Forum Headquarters said the decision “is leading us toward a colossal catastrophe for both the hostages and our soldiers”.

However, the US has been less critical. On Tuesday, President Donald Trump said it was “pretty much up to Israel” whether to fully occupy the Gaza Strip.

Watch: ‘Chilling’ aerial video shows Gaza in ruins

The IDF currently controls about three-quarters of Gaza, and almost all of its 2.1 million citizens are situated in the quarter of the territory that the military does not control.

The UN estimates some 87% of Gaza is either in militarised zones or under evacuation orders.

There are areas in central Gaza and along the Mediterranean coast that Israel does not occupy, according to the UN.

These include refugee camps, where much of Gaza’s population is now living after their homes were destroyed by Israel’s military action.

The vast majority of Gaza’s population has already been displaced by the war, many people several times over.

The war has created a humanitarian disaster in Gaza, most of which UN-backed experts say is at the point of famine.

The territory is also experiencing mass deprivation as a result of heavy restrictions imposed by Israel on what is allowed in – something it says is aimed at weakening Hamas.

The head of the World Health Organization, Tedros Adhanom Ghebreyesus, said July was the worst month for cases of acute malnutrition in children in Gaza, affecting nearly 12,000 under the age of five.

The war began after Hamas attacked Israel on 7 October 2023, killing about 1,200 people and taking 251 back to Gaza as hostages. Israel launched a massive military offensive in response, which has killed at least 61,158 Palestinians, according to Gaza’s health ministry.

Map showing areas in the Gaza Strip under Israeli military control or subject to evacuation orders

FDA approves vepdegestrant NDA for ESR1-mutated breast cancer

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FDA accepts vepdegestrant NDA for ESR1-mutated breast cancer

Belarusian President Lukashenko hints at not running for re-election after long tenure | Political Update

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Putin ally Lukashenko has ruled Belarus with an iron fist for more than than three decades and is now on seventh term.

Belarus President Alexander Lukashenko has signalled he does not intend to seek another term in office, while rejecting speculation that he is lining up his son as successor.

The self-professed “last and only dictator in Europe” hinted at his intentions in an interview with TIME magazine, saying that whoever replaces him should “not break anything right away”, but keep developing the country in order to avoid any “revolutionary breakdown”.

The 70-year-old, a close ally of Russian President Vladimir Putin, has led Belarus through more than three decades of authoritarian rule and was re-elected in January for a seventh five-year term.

Asked by TIME’s interviewer whether he would stand in the next election, he said he was “not planning” anything, though he did teasingly add that his United States counterpart, Donald Trump, was “looking decent” at nearly 80.

Lukashenko also rejected longstanding speculation that he might be grooming his son Nikolai to succeed him.

“No, he is not a successor. I knew you would ask that. No, no, no. Ask him yourself, he may be really offended,” he said in excerpts from the conversation, published in Russian by Belarusian state news agency BelTA.

Lukashenko told TIME that he was actually ready to step down in the last election, but changed his mind after the public demanded he remain in his post because they were not ready for him to go.

But critics, including German Foreign Minister Annalena Baerbock, said at the time that the vote was neither free nor fair, largely because all leading opposition figures had either been jailed or forced to seek exile abroad.

Lukashenko was also accused of rigging the 2020 election, which ended with nationwide protests and a sweeping security crackdown.

Several hundred people convicted of “extremism” and other politically related offences have been released since mid-2024, but rights groups say nearly 1,200 are still behind bars.

Lukashenko denies there are any political prisoners in the country.

In 2012, Lukashenko told the news agency Reuters, “I am the last and only dictator in Europe. Indeed, there are none anywhere else in the world.”