Crypto and Trump gang up on FDIC over debanking: 'Our story is pretty ridiculous'

The US has announced its withdrawal from UNESCO, citing the agency's support for "woke, divisive cultural and social causes," with the decision effective December 2026. UNESCO's Director General, Audrey Azoulay, called the move regrettable and highlighted its impact on multilateralism and partnerships in the US, while the US State Department criticized UNESCO's inclusion of Palestinians and its ideological agenda. Want More Context? 🔎

Poundland is set to close 25 stores in August following its acquisition by investment firm Gordon Brothers for £1, part of a restructuring plan aimed at reducing its network from around 800 to 650 locations. The first wave of closures will occur on August 10 and 15, with an additional 43 stores scheduled for closure by mid-October as part of a broader strategy to secure the chain's future. Want More Context? 🔎

A Montreal businessman, Luciano Frattolin, 45, has been charged with second-degree murder and concealment of a corpse following the death of his nine-year-old daughter, Melina, whose body was discovered in New York state during a family vacation. Frattolin, who has been estranged from Melina's mother since 2019, is accused of killing her and hiding her body under a log in a waterway. Want More Context? 🔎

French judges have ordered Culture Minister Rachida Dati and former Renault-Nissan executive Carlos Ghosn to stand trial for alleged corruption and abuse of power related to consulting fees. Dati, who denies any wrongdoing, received fees after leaving her ministerial position, while Ghosn, who has remained in Lebanon since fleeing Japan, also denies the allegations against him. Want More Context? 🔎

A Tesla charging unit caused a massive two-alarm fire in a garage in Lewisville, Texas, on July 21, resulting in significant damage to the home and a Lexus parked inside. The homeowner managed to move the Tesla to safety before the flames spread, with no injuries reported, though investigators are looking into the cause of the charging unit's ignition. Want More Context? 🔎

GM’s profit tumble in second quarter comes a day after Jeep maker Stellantis says it expected a $2.7bn loss in the first six months of the year.General Motors reported a 35% drop in Q2 profits to $1.9bn, impacted by $1.1bn in tariffs, while maintaining its full-year forecast. Despite strong sales in North America, GM anticipates lower profits in the latter half of 2025 due to ongoing tariff challenges and increased spending on new vehicle launches....