Turkey Syria offensive
Turkey's military is warning citizens in northern Syria to stay in their homes as Ankara gets prepared to stage an attack. Local Syrian sources say the strike alert comes as Turkish drones and troops have been deployed to border cities in Aleppo governorate. Turkey has ramped up its attacks on Syrian border cities recently. Three Syrian military personnel were killed and six others injured in Tuesday's airstrikes on the outskirts of Aleppo. Syrian military sources say the strikes are part of Turkey’s long-running efforts in support of terrorist groups in the country's north. Damascus has responded by targeting Turkish bases and armed groups inside Syria. It has vowed not to let any attack on its army positions go unanswered.
UK record inflation
Britons are feeling the pinch of the deepening cost-of-living crisis as inflation hits a new record high. For first time in more than four decades, the UK has registered a double-digit inflation rate. According to the Office for National Statistics, the consumer price index rose to 10.1% in July from 9.4% the previous month. That is even higher than what the economists were expecting. Food prices are skyrocketing and officials say that is the main contributor to the rising inflation. The Bank of England has already increased the interest rate six times to bring the situation under control. It is now predicting an inflation of above 13% for October, and a long recession at the end of the year.
Korean Peninsula tensions
North Korea firs two cruise missiles towards the sea. South Korean Defense Ministry says the two missiles were launched off the country's west coast. So far, there has been no confirmation from Pyongyang. North Korea has been working on its nuclear program despite UN sanctions in recent years. Pyongyang argues that it needs nuclear weapons for self-defense purposes. It is opposed to an irreversible denuclearization, viewing it as a breach of its sovereignty. Just hours before the launch, South Korea's president called for talks with the neighboring North. He said any future dialog should eventually bring the two sides closer to peace, rather than being just a political show.