Trump Eyes Destruction of Iran's Fortified Pickaxe Mountain Nuclear Site

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Pickaxe Mountain is a heavily fortified site located near Iran's Natanz uranium enrichment facility, one of the country's most significant nuclear-related locations. The site has drawn attention from US President Donald Trump, who has expressed intent to 'take it out.' Natanz itself has already sustained considerable damage, making the surrounding area a focal point of nuclear security concerns. The mountain's strategic importance lies in its proximity to and association with Iran's nuclear infrastructure.

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Congress invites Mamata to Martyrs' Day event, asks her to admit quitting party was a mistake

The Congress party has extended an invitation to West Bengal Chief Minister Mamata Banerjee to attend its Martyrs' Day event in Kolkata. However, the invite comes with a condition requiring Mamata to publicly acknowledge that her decision to leave the Congress was a mistake. West Bengal Congress president stressed that Mamata should not distort the historical significance of the 1993 movement. He said such an admission would be a meaningful gesture of goodwill. The Congress has indicated its stage remains open for her to pay tribute to the martyrs if she meets the condition.

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IndiaNDTV ·

IBM Shares See Steepest Drop in 58 Years After CEO Admits AI Missteps

IBM reported quarterly revenue of $17.2 billion for the three months ending June, reflecting a modest one percent increase. The sluggish growth disappointed investors and triggered a sharp sell-off in the company's stock. CEO Arvind Krishna acknowledged that the tech giant had faltered in its artificial intelligence efforts, adding to market concerns. The admission contributed to IBM's steepest single-day stock decline in nearly six decades.

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IndiaNDTV ·

US Softens Threatened 500% Tariff on Nations Buying Russian Oil and Gas

The United States has eased its threatened 500% tariff on countries purchasing Russian oil and gas, offering relief to major importers including India and China. The revised policy includes an exemption for nations that import less than 15% of Russia's total natural gas exports. Countries must also demonstrate they are actively taking steps to reduce their dependence on Russian energy to qualify for the exception. This updated framework could potentially exempt Japan, France, Hungary, and Belgium from the punitive tariffs. The move signals a more flexible US approach to enforcing energy-related economic pressure on Russia.

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IndiaTimes of India ·

IBM shares plunge 25% in worst single-day fall since 1987, erasing $69bn in value

IBM's stock tumbled 25% on Tuesday, marking the company's steepest single-day decline since the 1987 Black Monday market crash. The dramatic sell-off wiped out approximately $69 billion in market value in a single trading session. The sharp drop in IBM shares also triggered weakness across other software stocks. The scale of the decline has drawn widespread attention, surpassing losses IBM suffered even during one of history's most notorious market crashes.

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