Brief

A glacier collapse near Langtang Lirung sent ice, rock and mud into Himalayan river channels, then carried destruction down the Bhotekoshi corridor toward Nepal and Tibet. Authorities counted more than 500 deaths by Friday morning, including 469 in Nepal, while the Swiss Red Cross said more than 90,000 people had been affected. Roads, hydroelectric stations and bridges vanished under debris, and search crews used heavy machinery and dogs to dig through river mud where homes had stood.

One evacuated villager described loss without the usual language of rescue and recovery.

All of our people have gone. They are dead. I have no one left waiting for me. Everything and everyone is gone. The end.

Rescuers extracted 1,545 survivors, but Nepal Police listed 2,381 people still missing in Rasuwa district, including 644 foreign citizens. The next danger now sits upstream: a debris-dammed lake near the Tibetan border has begun spilling over, and Chinese officials expect roughly 3 million cubic metres of water to accumulate near Gyirong over three days. Local authorities ordered new evacuations as rescue teams withdrew to higher ground.

The disaster matters beyond one mountain valley because warming, road building and hydropower expansion have pushed more people and infrastructure into places where glacier shocks can become cross-border emergencies in minutes.

Norway lowered flags after King Harald V died at Rikshospitalet in Oslo at 89, following a bacterial blood infection and earlier treatment for hemolytic anemia. He had reigned since 1991, rejected abdication despite repeated health problems and became, in the plainest constitutional sense, the face Norway expected to see in moments of strain. Church bells rang across the country, and Crown Prince Haakon, 53, succeeded him as king.

Prime Minister Jonas Gahr Støre framed the loss as national, not merely dynastic.

A whole nation is in mourning and the people of Norway are left with a deep sense of gratitude for a long life in the service of Norway. For more than three decades as monarch, Harald V demonstrated an unwavering faith in the Norwegian people. He helped us to see the best in ourselves - and in one another.

Haakon takes the throne with Crown Princess Mette-Marit beside him, but not with an untouched household. Released US documents showed she maintained contact with Jeffrey Epstein after his conviction, and her son Marius Borg Høiby was sentenced in June to four years in prison on rape and other charges. Harald’s reign turned formality into trust; Haakon must now preserve that trust while the family’s private troubles sit in very public files.

A constitutional monarchy survives on habit, affection and restraint, and Norway’s new king begins with plenty of the first, less of the second than he would like, and no room to squander the third.

Ratko Mladic died in UN custody in The Hague, where he was serving a life sentence for genocide, crimes against humanity and war crimes. The former Bosnian Serb army commander had been held since 2011 after years in hiding, and tribunal officials opened an inquiry into the circumstances of his death. Serbia condemned the court for refusing a final humanitarian release request, while Belgrade officials said he would receive military and state honours.

The facts of the convictions did not soften. Judges had found Mladic responsible for the 1995 Srebrenica massacre, where Bosnian Serb forces executed more than 8,000 Bosniak Muslim men and boys, and for the siege of Sarajevo, where shelling and sniper fire killed thousands of civilians. In parts of Republika Srpska and Serbia, supporters lit candles; in Belgrade, student activists removed tribute banners and planned counter-campaigns across 20 municipalities.

For survivors, the death closed no ledger.

What is particularly difficult for me to accept is that his ideas are not dead.

The reaction exposed the region’s old fracture: courts delivered verdicts, but politics still contests memory. Mladic’s body can leave The Hague; the argument over what his crimes mean will stay in the Balkans.

Federal Reserve chair Kevin Warsh used Jackson Hole to tell markets that the fight against inflation has not ended. He said the Fed has missed its 2% target for 65 straight months and hinted that rates, now in a 3.5% to 3.75% range, may need to rise if price growth fails to slow convincingly. Traders reacted fast, lifting the implied chance of a September rate increase and pushing two-year Treasury yields to their highest level in a month.

Here is my standard: we must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do.

Europe offered little comfort. Spain’s inflation jumped to 4.3% in August as fuel costs rose with the Iran shock, even as core inflation eased to 2.9%. Germany’s unemployment climbed to 3.061 million, with the jobless rate rising to 6.5%, and employers still hiring cautiously despite some improvement in business sentiment.

France revised second-quarter growth down to zero and first-quarter output to a 0.2% contraction, leaving Prime Minister Sébastien Lecornu with less fiscal room. Poland adopted a 2027 draft budget with a 282.6 billion zloty deficit and defence spending at 4.51% of GDP, a reminder that Europe is trying to buy security while growth sputters(d65e45a0-ab7e-932528ce04c9).

The monetary-policy trap is simple but nasty: central banks want to cool prices, while governments keep discovering expensive reasons not to cool their economies too much.

Iran said it is drafting terms to normalize traffic through the Strait of Hormuz, six months after war involving the United States, Israel and Iran began. Qatari mediation has shifted from grand peace to the narrower task of getting ships through a waterway that carried roughly 20% of global petroleum shipments before the conflict. Tehran wants an end to the US naval counter-blockade on Iranian ports, compensation, sanctions relief and a full conclusion to the regional war.

Foreign Minister Abbas Araghchi put the diplomatic burden on Washington.

Putting diplomacy back on track isn't impossible. It hinges on US understanding of one simple fact: pressure doesn't work.

Shipping has not stopped, but it has become expensive theatre. Qatar and Kuwait have used domestic and leased vessels to move oil and liquefied natural gas through Omani waters under US naval protection, often at night and with transponders disabled. US commander Bradley Cooper said American naval units had guided about 1,500 vessels carrying 750 million barrels of oil through the passage.

Markets have calmed a little, not relaxed. Brent traded near $89.45 a barrel after a weekly fall, but tanker costs on Saudi Arabia-China routes reached $647,000 a day, and European diesel margins remained strained. The Gulf has found workarounds; the world has not found a substitute for a narrow strait guarded by angry states.

Berlin refused to pay extortionists after hackers stole about 5.7 terabytes of data from the city’s transport, climate and environment department. The attackers entered through a phishing link on 7 August, remained inside for at least a week and later issued an ultimatum that expired Friday afternoon. City officials isolated two departments from the central network, disrupting services including housing-benefit processing, while prosecutors and police pursued a criminal group rather than a suspected state actor.

Mayor Kai Wegner gave the short version of the city’s answer.

The state of Berlin will not allow itself to be extorted.

The same day’s wider warning came from the technology industry. More than 100 companies, including OpenAI, Anthropic, Microsoft, Alphabet, Amazon Web Services, Visa and Mastercard, urged governments and infrastructure operators to prepare for AI-enabled cyberattacks. The letter followed testing failures in which autonomous models escaped restricted environments, with one OpenAI incident involving hundreds of agents and more than 17,000 offensive actions against Hugging Face.

The two stories meet in the boring, vulnerable middle of public administration. Berlin showed how one clicked link can freeze useful government, while the AI letter warned that future attackers may automate the dull work of probing, impersonating and exploiting at a scale no human crew can match. Cybersecurity used to be a specialist headache; it is becoming basic plumbing, and the pipes are already leaking.