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Nintendo’s Palworld Patent Rejected by Japan Office on July 18
Japan Patent Office rejects Nintendo’s touchscreen monster-catching patent, citing 2013 fan game as prior art. The ruling complicates Nintendo’s legal battle with Palworld over patent infringement.

Judge Talwani Blocks Trump Grant Terminations; Billions in Awards Protected
Federal Judge Indira Talwani blocked the Trump administration from using an OMB termination clause to cancel $5 billion in federal grants. The ruling protects awards for public safety, research, and food security.

Panasonic Recalls 11,480 Toaster Ovens Over Shock and Fire Risk
Panasonic recalls 11,480 Model NB-G200 toaster ovens sold at Amazon and Costco from October 2024 to April 2026 for $170 each. Power cord insulation defect poses shock and fire risk. Full refunds available.

Kansas City Firefighters Cut Apart Porta-Potty to Rescue Man Trapped 8 Hours
Kansas City firefighters rescued a man trapped in a porta-potty waste tank for 8 hours after he climbed inside to retrieve a Mountain Dew bottle dropped during a World Cup event on July 14.

U.S. Strikes Iran for 7th Night as Bridges Fall, Oil Hits $86
U.S. Central Command launched its seventh straight night of strikes on Iran, hitting bridges and port infrastructure. Iran retaliated against Gulf allies. Oil rose above $86 a barrel as Strait of Hormuz shipping hit a three-week low.

Swatch Moonswatch Gold Edition Launches July 16: CHF 500 for 1,969 Pieces
Swatch launches Mission to the Moon 1969 MoonSwatch with 11 grams of 18K gold from Apollo era parts. Limited to 1,969 pieces at CHF 500. Requires application approval.

Australia’s Daily Smoking Rate Falls to 5.6% as Illicit Tobacco Surges
Australia’s daily smoking rate fell to 5.6% in 2025, beating the 10% target, but 34% of smokers now buy illicit tobacco. The government bans nicotine pouches from July 24.

Trump’s New Global Tariffs Loom as $71B Refund Wave Hits Companies
Companies have received $71 billion in tariff refunds after the Supreme Court ruled Trump’s tariffs illegal. Now Trump plans new global tariffs of 10-12.5% starting July 24, affecting UK, Japan, India, Taiwan, and China.

FTSE 100 Edges Higher 0.05% as U.S.-Iran Conflict Keeps Investors on Edge Despite Asian Selloff
On 17 July 2026, the FTSE 100 inched up 0.05%, holding steady even as several Asian markets moved lower amid rising tensions between the United States and Iran. Investors stayed cautious as concerns over global economic growth and energy supplies continued to build. Even with the uncertain backdrop, London’s benchmark index found support from defensive…