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Test Score wins Del Mar Handicap to thwart Gold Phoenix’s history bid

One of the more remarkable streaks in the history of this nearly century-old racetrack is still alive.

It’s just not the one most people expected.

Gold Phoenix’s bid to join Kelso as the only horses to win the same major stakes race in North America in five straight years ended Saturday evening when the 8-year-old gelding finished fourth behind Test Score and two others in the $300,000 Del Mar Handicap.

“Got beat, I think less than a length, and got stopped there at the top of the lane,” trainer Phil D’Amato said. “That’s grass racing.”

More specifically, it’s grass racing at Del Mar against Graham Motion, the East Coast trainer who in recent years has been more successful here than a margarita concession stand.

Test Score was the eighth horse Motion has sent to Del Mar for a summer stakes race since 2022 — and the eighth to win.

“It’s crazy,” said assistant trainer Alice Clapham, who accompanied Test Score on his trip west. “It’s one of those things you just pinch yourself. You know it’s going to stop at some point but you just go along for the ride.”

Gold Phoenix’s owners know the feeling.

They never expected their gelding to win this race four straight times, an unprecedented feat at Del Mar, but each year since 2022 he found a way, prevailing three times by less than half a length and once by 1¼ lengths.

This time the 11-10 favorite found himself on the wrong side of a five-horse photo finish. He nosed out Mondego but was a head behind Atomic Age, who was half a length behind Atitlan, who was a neck behind Test Score. The winner, a son of Lookin at Lucky who is half Gold Phoenix’s age, paid $7.20 as the 13-5 second choice.

While disappointed, Gold Phoenix’s connections weren’t about to ask for condolences.

“We’re so grateful for everything that he has done, for all of us and the partners,” said Gary Fenton, managing partner of Little Red Feather Racing Stable. “He’s just a really, really special horse and today changes nothing.”

Said Billy Koch, Little Red Feather’s other managing partner: “It just didn’t work out the way we needed it to work out. He tries, though, every time. Can’t say anything but be proud of him.”

Koch said he had a feeling during the race that another win could be problematic. Gold Phoenix was near the back of the pack in the field of 11 until the far turn, when jockey Hector Berrios began urging him. The jockey had to hold him up just a bit as they came around the corner, though he had a clear run once he shifted toward the rail.

Test Score also rallied from behind but had a little smoother journey under Juan Hernandez and outdid the other closers.

“[Berrios] took a chance to go up in there,” D’Amato said. “It got a little tight but once he got through, he battled and we just got outrun.”

The final time of 2 minutes 14.76 seconds for 1-3/8 miles was the fastest since Gold Phoenix’s initial win (2:14.51). As part of the Breeders’ Cup Challenge Series, Test Score earned a fees-paid berth in the $5-million Breeders’ Cup Turf on Oct. 31 at Keeneland.

Fenton said the plan is to give Gold Phoenix another shot in that race, in which he’s finished fourth twice, fifth and 10th and earned $640,000 — about 25% of his career earnings of $2.6 million.

He won’t be the only Little Red Feather horse at Keeneland. Just a half-hour before Gold Phoenix’s race, Iron Man Cal pulled off an 8-1 upset in another Grade 2 race, the $250,000 Pat O’Brien. That win, in 1:22.02 for seven furlongs under Joel Rosario, guaranteed the 4-year-old gelding a berth in the Breeders’ Cup Dirt Mile.

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California’s new attempt to help struggling newsrooms faces key test

A new plan by California lawmakers to help fund the state’s struggling journalism organizations could advance in the coming days but faces an uncertain future.

Assembly Bill 2222 would create refundable tax credits for California local news organizations based on the number of journalists they employ, which in practice would provide direct cash infusions to participating newsrooms.

The bill, introduced by Assemblymember Christopher M. Ward (D-San Diego) earlier this year, is the latest effort to provide a lifeline for the news industry. There has been much talk both in California and globally about government support for journalism. But this is potentially the largest relief plan to date, with the state tax board estimating it would make more than $40 million available to newsrooms annually. The bill passed the Assembly and needs approval from the Senate to reach the governor’s desk.

Publishers, journalists and their unions have long argued that online search and social media platforms are harming the journalism business by eating up advertising revenue while publishing content they don’t pay for.

Previous attempts by California lawmakers focused on forcing Google, Meta and other platforms to pay their share, but this proposal has a unique solution to funding the program.

Ward described the bill as an important step in keeping a strong press corps in California, which he said is more important than ever in an era of digital misinformation.

Ward said the bill would “strengthen democracy” and “keep the lights on” in newsrooms. He cited President Trump’s own attacks on the press. “We thought, ‘What more can California do to help support them?’” he said.

Trump’s efforts to strip public radio and television stations of federal funds and the steep downward profit-losing trend for commercial newsrooms has meant, Ward said, that newsrooms have severely scaled back operations. Rural areas in particular have altogether lost their news sources, with many forced to shut down.

The amount of advertising to local newspapers declined by 82% — a $40 billion drop — since 2000, Pew Research Center said in 2023. And almost 40% of all local U.S. newspapers have vanished, according to an annual report on the state of local news put out by Northwestern University’s Medill journalism school.

A report last year by data firm Muck Rack and Rebuild Local News, a nonprofit advocating for government help for the journalism sector that is sponsoring AB 2222, estimates there has been a 75% decline in the number of local journalists per 100,000 of population in the U.S. since 2002.

The law, if approved, would work by assigning a “job retention credit” of $20,000 per journalist for up to five positions, and after that $15,000 for every additional journalist. Part-time positions would be awarded half-credits. It also stacks an additional $15,000 credit for each new hire, to incentivize expanding journalist headcounts.

To pay for the credits, the bill would amend California’s tax code to align with a little-discussed component of Trump’s “Big Beautiful” tax bill that expanded taxes on some companies by eliminating a deduction for executive salaries of over $1 million annually.

It is common practice for the state to consider aligning its tax code with the federal structure to make filing taxes easier and administering them more cheaply. But California has not yet sought to adopt this federal tax expansion.

As a tax measure, AB 2222 requires approval from a supermajority two-thirds of the Legislature, no easy task in an election year and with a fast-approaching deadline for lawmakers to approve bills Monday, which marks the end of this year’s legislative session.

The California Taxpayers Assn. and groups representing business interests such as the California Chamber of Commerce oppose the bill because it raises taxes on employers that they argue already face billions of dollars in new taxes. They contend that the higher costs will be passed along to consumers, and they also take issue with funneling a new funding source to a niche industry without going through the budget process.

“Financing an industry-specific tax credit with a tax increase on an unrelated group of taxpayers is an unsound way to budget,” the taxpayers association wrote in its letter of opposition.

Republican lawmaker Carl DeMaio of San Diego has vocalized his opposition in discussions of the bill, criticizing the idea of providing funding to outlets that make political endorsements. DeMaio did not provide a response to a request for comment about his current position on the proposal.

The bill’s backers are hopeful it will wriggle through this legislative session and land on the governor’s desk.

Yet they are not sure whether Newsom will sign it. In the past, Newsom has been reluctant to greenlight laws that tinker with the state budget after those fiscal discussions conclude in the first half of the calendar year.

The governor’s finance office issued an analysis opposing the bill for not including a cap on the tax credits, thus creating “unlimited fiscal liability to the state,” and argued the bill mainly subsidizes existing activity rather than encouraging the creation of new jobs.

An analysis by the state’s Franchise Tax Board — the agency that levies personal and corporate income taxes — found that the funding stream would bring $29 million in new revenue to the state’s general fund in the 2026-27 year and $58 million the following year.

Meanwhile, the estimated amount of the tax credit for local news organizations would be $19 million the first year and $43 million the second year. After accounting for the tax credits as well as the administrative costs, the budget would still see a net increase of $10 million and $15 million in those years.

“It’s fully paid for,” said former state senator Steven Glazer, who is a passionate proponent of the bill. Glazer during his Senate term pushed similar legislation that was ultimately shelved in a deal with tech giants.

In recent years California lawmakers have also weighed tax credits for Hollywood jobs. In June, lawmakers approved a major expansion of the funding allocated each year to the state’s film and television tax credit program, moving to raise that cap to $750 million from $330 million. The legislature is also considering a bill that would provide some $100 million in annual funding to post-production work.

The newsroom bill is designed specifically so as to be as neutral as possible on the medium — whether print newspapers, digital news sites, ethnic media or television broadcasters — as well as the business model of the newsroom — whether for-profit, nonprofit or publicly subsidized. The point is to prevent the government from having strong influence or being able to pick winners and losers in the industry, said Matt Pearce, a director of policy for bill sponsor Rebuild Local News, which successfully backed similar legislation in Illinois.

“You have practically the whole range of the local news world represented in some form. Big, little, independent,” Pearce said.

Pearce formerly worked as a reporter at The Times, and served as president of Media Guild of the West, the union that represents Times journalists.

The bill is also supported by the California News Publishers Assn., of which the Los Angeles Times is a member.



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The First Test of the US-sponsored Venezuela Dialogue Has Begun 

Venezuela’s National Assembly approved, in its first reading on Thursday, August 27, the reform of Article 65 of the Organic Law of the Supreme Court of Justice. Why is a measure like this so important for Venezuela? Because it is the first institutional and legal step taken by the interim authorities that might lead to a genuine transitional process.

On August 12, the first agreement was signed between the delegation of the interim authorities and that of the National Assembly in 2015. But that is a political document, of which the reform of Article 65 of the Organic Law of the Supreme Court of Justice would be the first true institutional implementation, a first legal step in a process that is just beginning and that, eventually, could take us to a transition.

Article 65 of the current law regulates the composition of the Nominations Committee: the body that selects citizens nominated for judgeships, from which the National Assembly chooses the judges. Currently, the Nominations Committee has 21 members: 11 members of the National Assembly and 10 members of civil society. The reform (which must be approved in its second reading in the National Assembly and then become law) would increase the number of Committee members from 21 to 23, but the most significant aspect is that these two additional members would come from civil society.

According to the political agreement of August 12, the National Assembly must appoint all 32 Justices of the Supreme Court.

In short, the reform allows for greater citizen participation in the choosing of the 32 justices, just after the agreement reached on August 12 to completely renew the country’s highest court, a key component of chavista’s hold to power during the 21st century. This shift, along with the other aspects of the August 12 agreement, could generate confidence for prestigious university professors and lawyers to apply in the upcoming process to form the new Supreme Court of Justice.

This reform could be followed by another, also structural in nature, concerning the same Organic Law of the Supreme Court of Justice (LOTSJ) and other laws of the justice system, as announced at the end of the first round of talks between the delegations of the interim authorities and the National Assembly in 2015. Therefore, this first step could be very important for moving toward a political transition. 

Naturally, the question that arises from the previous experience of two decades of dialogue between Chavismo and the opposition is how to prevent the regime from controlling the Nominations Committee and ensure that it has a loyal majority among the 12 members of civil society that it would have if this reform is approved.

The answer is the same as it applies to this process: unlike all previous negotiations, here there is a third party that, rather than being a mediator, has the most influence—a Trump administration that theoretically benefits from a safer legal environment for foreign investment, and therefore has incentives to ensure that this reform truly becomes an opening that leads to the restoration, albeit gradual, of Venezuelan institutions.

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Australian Hussey open to Ashes Test role as England make approach | Cricket News

Ex-Australia batter Hussey said he was informally approached by Stephen Flemming, England’s new red-ball coach.

Australian great Mike Hussey could face his own country in the Ashes after saying he was open to joining England as their Test batting coach.

England host Australia in the Ashes in June, July and August next year, looking to take possession of the urn for the first time since 2015.

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Hussey has had an informal approach from England’s new red-ball coach Stephen Fleming, the duo having spent 15 years as teammates and then coaches at Indian Premier League side Chennai Super Kings.

“We obviously get on really well and work a lot together,” former Test stalwart Hussey told Fox Sports, where he is employed as a commentator.

“So it was just a bit of a passing comment, really saying, ‘Look, what do you reckon? Would you think about being the batting coach?’”

Australian batsman Mike Hussey steers a ball away from the Sri Lanka bowling on the fourth day of the first cricket Test match, in Hobart on December 17, 2012. AFP PHOTO/William WEST IMAGE RESTRICTED TO EDITORIAL USE - STRICTLY NO COMMERCIAL USE (Photo by WILLIAM WEST / AFP)
Australian cricketer Mike Hussey played 79 Tests and 185 ODIs for Australia before retiring in 2013 [William West/AFP]

Hussey, known as “Mr Cricket” for his technical expertise, has just returned home after coaching Welsh Fire in The Hundred and said he had not given it proper consideration yet.

“To be honest, I have not been able to give it any thought whatsoever,” he said.

“Would I? I mean, I wouldn’t say never to anything really. I just love the coaching side of the game, and just to be able to work with different players.”

Should Hussey accept, it could see him plotting the downfall of Australia with Fleming when they tour England for the Ashes series next year.

Hussey admitted it would “feel a bit weird”.

“I have worked with England once before at the T20 World Cup (in 2022), and I must admit it did feel very weird pulling on that training shirt for the first time,” he said.

“But once you get in the nets and you start working with players, you sort of almost forget what shirt you’ve got on.

“So, look, I haven’t fully considered anything at this stage. I’m sort of just trying to take a bit of a break from it all at the moment and will give it some thought in due course.”

Fleming was appointed coach in late July following the sacking of fellow New Zealander Brendon McCullum, who remains in charge of England’s white-ball teams.

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England all-rounder Sam Curran’s hopes of Test recall this summer ended by injury

England all-rounder Sam Curran has been ruled out of the remainder of the English season with a groin injury, ending his hopes of a potential Test comeback this summer.

Surrey’s Curran, 28, last played a Test in 2021 but had been considered for a recall for the series against Pakistan as England look to balance their side after the retirement of Ben Stokes.

Selector Marcus North suggested Curran could have been picked for the ongoing first Test had he not been managing his fitness through The Hundred and said he would come into contention for the third Test on 9 September.

Further assessment has revealed Curran requires surgery on the groin issue, however.

He will have an operation on Friday, ruling him out of the remainder of the season with Surrey and England’s white-ball matches against Sri Lanka in September.

In March, Curran pulled out of this year’s Indian Premier League with a groin issue.

The MI London captain missed one of his side’s Hundred matches and did not bowl his full allocation in four of their other seven group games.

Without Curran, Stokes or another seam-bowling all-rounder, England opted not to pick a frontline spinner for the first Test against Pakistan at Headingley.

They instead attempted to balance their side by picking Dan Lawrence to bat number six and fill the role of spin bowler with his part-time off-spin.

England all-rounder Will Jacks, who filled a similar role in the Ashes last winter, is also absent from Surrey’s squad for Thursday’s County Championship match against Nottinghamshire after having an operation to remove his appendix.

His availability for the T20 and ODI series with Sri Lanka will be assessed.

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HSBC, StanChart Test Interbank Tokenized Deposits

Home Technology HSBC, Standard Chartered Test Interbank Tokenized Deposits On SWIFT

Banks clear major milestone toward real-time, cross-border tokenized deposits.

Tokenized deposits are a step closer to broader institutional use as HSBC Holdings PLC and Standard Chartered PLC completed the first bank-to-bank transaction via the banking messaging consortium SWIFT’s digital blockchain-backed ledger, the banks reported on Aug. 19.

“As institutional demand grows for faster, more efficient ways to move liquidity, and optimize working capital increase, interoperable tokenized deposits will play an increasingly important role in helping corporate and institutional clients manage treasury, unlock operational efficiencies and support real time liquidity management across markets,” said Mark Willis, head of emerging payments, transactions services, and digital assets at Standard Chartered, in a prepared statement.

Interoperability remains one of the main barriers to tokenized deposit adoption.

The payment transaction sent by HSBC to Standard Chartered was recorded as a tokenized deposit obligation on HSBC’s Tokenised Deposit Service and Standard Chartered’s tokenized-deposit infrastructure, while SWIFT’s blockchain platform acted as the orchestration and record-keeping layer.

“It demonstrates how digital money issued by banks can be interoperable across institutions while maintaining the integrity and regulatory oversight of the existing financial ecosystem,” Lewis Sun, head of digital currencies at HSBC, added in the statement.

The transaction comes six weeks after SWIFT made its digital ledger platform available for initial use. SWIFT officials said the ledger will gain additional functionality after its initial go-live phase.

Tokenized Deposits Benefits

Tokenized deposits differ from stablecoins by their backers and how they operate. Private institutions issue stablecoins backed by an audited reserve of highly liquid financial instruments. Tokenized deposits are digital representations of bank deposits issued by regulated financial institutions and act as direct claims on those institutions. Owners can also convert tokenized deposits back into fiat currency and restore account balances.

For corporate treasuries, tokenized deposits provide the benefits of digital money — faster settlement, programmable money, digital asset integration, and immutable transactions — while maintaining existing banking relationships and aligning with existing banking regulations.

Broader Industry Activity

HSBC and Standard Chartered’s initial transaction via the SWIFT digital ledger is only the latest of such announcements in the past several weeks. A day earlier, the Canton Network announced that tokenized deposits are live on its network with HSBC, Lloyds Bank PLC, and JPMorgan Chase & Co. in various stages of testing, TradingView reported.

In early June, U.S. payments rail operator The Clearing House, which is owned by 25 of the largest financial institutions, released plans to launch on-chain clearing and settlement of tokenized deposits within the established banking framework. 

A month later, the Cari Network announced a soon-to-launch pilot to support real-time settlement, liquidity management, and digital money movement. Unlike other initiatives backed by tier-1 institutions, Cari Network is designed by U.S. regional institutions First Horizon Corp., Huntington Bancshares Inc., KeyBank National Association,  M&T Bank Corp., Old National Bancorp, and SouthState Bank Corp.

The importance of these projects is less about how they achieve results and more about whether they can provide faster settlement, lower reconciliation costs, and real-time cash management. The next step will be whether these pilots develop into production-quality systems that can deliver interoperability and meet regulatory obligations across various jurisdictions.

Rob Daly covers fintech and the economy. Contact him at rdaly@gfmag.com. 

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Manav Suthar takes 10-wicket haul as India beat Sri Lanka in 600th Test | Cricket News

India take a 1-0 lead with a 165-run win against the hosts in Galle to begin the two-Test series.

Left-arm spinner Manav Suthar finished with a haul of 10 wickets as India thrashed Sri Lanka by 165 runs in the first Test in Galle to take a 1-0 lead in the two-match series.

Suthar, playing only his second Test, impressed with his line and length to ensure India a memorable win on Wednesday in their 600th Test match.

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He took four wickets in the first innings and kept up the fine show to take 6-55, helping bowl out the hosts for 206 shortly after lunch on the final day.

Set a target of 372 runs, Sri Lanka’s batters failed to apply themselves, other than Sonal Dinusha, who top-scored in both innings.

Indian captain Shubman Gill called the victory “very satisfying”.

“We were in a comfortable position but were not sure if the match would go on [because of the weather], but the team responded well,” he said.

Gill also praised Suthar and the batsmen for their effort on a wicket that was not easy to score runs on.

“He has been bowling magnificently. Looks like a very promising guy and someone who can play for India for a long time,” he said.

India claimed two wickets in the morning session after Sri Lanka resumed from their overnight score of 84-4 and then quickly ran through the tail.

Captain Dhananjaya de Silva (59) and first-innings centurion Dinusha tried to fight back, batting for more than two hours to add 95 runs for the fifth wicket.

De Silva, who had been dismissed off a no-ball early in his innings, looked set to make the most of the reprieve, posting his 20th half-century.

But his knock ended after he attempted a sweep shot off Ravindra Jadeja and was caught at short fine leg by Suthar.

“It was not easy [batting fourth in Galle],” said de Silva.

“They won the toss, got the runs on the board, and with our batting, we lost wickets, and it went downhill from there.”

India's Manav Suthar (L) bowls during the third day of the first Test cricket match between Sri Lanka and India
India’s Manav Suthar, left, bowls on the final day at the Galle Stadium [Ishara S Kodikara/AFP]

Wicketkeeper Niroshan Dickwella posted a half-century in the first innings but could not make an impact in the second.

Dickwella fell for 10 when he attempted to hit Prasidh Krishna over the slips but ended up edging one to the wicketkeeper.

Suthar triggered a late-order collapse with a triple-wicket maiden after lunch and then, in his next over, claimed the last wicket of Keshara Nuwantha as Sri Lanka folded 36 minutes after lunch.

The last four wickets fell for seven runs, with Suthar claiming them all.

The 25-year-old Dinusha (84) put up a solid effort despite little support from his teammates.

Playing his fourth Test, he showcased maturity beyond his age, taking on India’s spinners with nimble footwork.

He was dismissed when Dhruv Jurel at leg slip took a bat-pad catch. He faced 128 deliveries during his defiant knock and hit eight fours and one six.

Apart from Suthar, the other standout performer for India was top-order batter Devdutt Padikkal, who posted 167 and 44 in the game, having come in as a late injury replacement.

“The wicket had its natural wear and tear [but] it was a good Test wicket,” Padikkal said.

“Turned a lot more from the third day onwards. In the end, it was all about who came out on top with their skill-set.”

The teams now head to Colombo for the second Test match, starting on Sunday.

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Australia v Bangladesh: Mehidy Hasan Miraz inspires visitors to historic first Test win in Australia

First Test, Darwin (day four of five)

Australia 198: (Smith 71; Mahmud 6-55) & 284 (Green 104; Miraz 5-66)

Bangladesh 426: (Tanzid 101, Shanto 84, Miraz 65; Hazlewood 6-89) & 57-1 (Mominul 30*)

Bangladesh win by nine wickets

Scorecard

Bangladesh thrashed Australia by nine wickets on the fourth day of the series-opener in Darwin to complete one of Test cricket’s greatest upsets.

After bowling the hosts out for 284 and needing 57 to win, Mominul Haque cut Beau Webster to the boundary for the winning runs to seal the nation’s first Test victory in Australia.

The moment sparked jubilation among Bangladesh players and staff as they celebrated arguably their greatest victory in 26 years of competing in Test cricket.

Australia are the top-ranked Test nation while Bangladesh haven’t played a series under the five-day format in the country since a 2-0 defeat in 2003.

The visitors were on top of the match throughout, but it was spinner Mehidy Hasan Miraz who took the spotlight on day four as he took 5-66 to dismiss Australia for 284, leaving just 57 runs needed to win.

All-rounder Cameron Green showed fight with a valiant 104 but after being bowled by Hasan Mahmud, Australia’s faint hopes of saving the Test all but disappeared.

Seamer Mahmud was named player of the match after claiming 6-55 in the first innings and 3-56 in the second.

“This is the biggest win so far for Bangladesh in any format,” captain Najmul Hossain Shanto said.

“Going forward we want to do something special in the future. I’m very happy, proud of myself and the way the boys played. We did a lot of hard work.”

Speaking on ABC, commentator Jim Maxwell described the result as one of the most “embarrassing defeats that Australia have ever suffered in Test cricket”.

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Bangladesh make history with first-ever Test cricket win in Australia | Cricket News

Bangladesh dominated Australia throughout, and the margin of victory will send shockwaves through the cricketing world.

Bangladesh chased down ‌57 runs to complete a landmark nine-wicket victory over Australia in the series opener in Darwin on Sunday in ⁠one of Test cricket’s ⁠greatest upsets.

Mominul Haque cut Beau Webster to the fence for the winning runs to secure Bangladesh’s first Test win in Australia within four days in stifling heat at Marrara Oval, foiling a ⁠valiant century from home all-rounder Cameron Green.

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The winning boundary triggered jubilation among Bangladesh’s players, who jumped and shouted on the sidelines.

‘Everything was perfect’

Flooring a full-strength Australia, the world’s top-ranked Test nation, in their own back yard, will be regarded by many as ⁠the South Asian nation’s finest victory in 26 years of playing the game’s longest format.

It took 23 years for Australia to host Bangladesh in a second Test series since sweeping them 2-0 in 2003, so Najmul Hossain Shanto’s side were determined to prove their worth.

They did far more than that, as they dominated the World Test Championship leaders with bat, ball ‌and in the field in virtually every session.

Bangladesh had heroes throughout the match, but on day four it was spin-bowling all-rounder Mehidy Hasan Miraz who stood up to strike the decisive blows as Australia were bowled out for 284.

Having scored 65 with the bat in Bangladesh’s first innings and caught and bowled Australia’s traditional saviour Steve Smith for 44 on day three, Miraz took another four wickets on the fourth day after Australia resumed on 161 for four, still 67 runs in arrears.

“It was excellent. A great moment for us,” Miraz said.

“The way we are ⁠playing shows our character. Everything was perfect.”

Bangladesh bowler Mehidy Hasan Miraz celebrates dismissing Australia's batsman Beau Webster on the fourth day of the first cricket Test match between Australia and Bangladesh at Marrara Stadium in Darwin on August 16, 2026. (Photo by William WEST / AFP) / --IMAGE RESTRICTED TO EDITORIAL USE - STRICTLY NO COMMERCIAL USE--
Bangladesh bowler Mehidy Hasan Miraz celebrates dismissing Australia’s batsman Beau Webster on the fourth day of the Test [William West/AFP]

Green’s ton in vain

Miraz, the grinning 28-year-old, had wicketkeeper Alex Carey caught behind ⁠for 30 and bowled all-rounder Webster for five with a pair of sumptuous deliveries to bring Australia’s tail into play.

Australia captain Pat Cummins was caught in close for eight, with Miraz inducing a bat-pad catch for Shadman Islam.

Mitchell Starc dug in with Green for a defiant ⁠eighth-wicket partnership of 43, but he was caught behind for 18 off the bowling of fellow seamer Taskin Ahmed.

Green held on to raise his third Test century and ⁠first on home soil after lunch with two runs off Taskin.

Australia's batsman Cameron Green celebrates scoring his century on the fourth day of the first cricket Test match between Australia and Bangladesh at Marrara Stadium in Darwin on August 16, 2026. (Photo by William WEST / AFP) / --IMAGE RESTRICTED TO EDITORIAL USE - STRICTLY NO COMMERCIAL USE--
Australia’s batsman Cameron Green celebrates his century on the fourth day of the first Test [William West/AFP]

The defiant ⁠knock was a timely response to critics of Green’s place in the side, but he was bowled out soon after for 104, becoming Hasan Mahmud’s ninth wicket of the match by playing onto his stumps.

With only a 50-run lead and tailenders Nathan Lyon and Josh Hazlewood clinging to the last ‌wicket, Green’s departure was effectively game over for Australia.

Miraz wrapped up Australia’s innings by trapping fellow spinner Lyon lbw for 15.

With clumps of delirious Bangladesh fans chanting between every ball, Shadman and Haque mowed down the runs efficiently.

Opener ‌Tanzid ‌Hasan was bowled by Josh Hazlewood for a duck but may hardly care, having scored a majestic 101 in the first innings to help Bangladesh put 426 on the board in reply to Australia’s paltry 198.

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Bangladesh rock Australia as historic Test win in sight | Cricket News

Australia close Day Three of the first Test against Bangladesh on 161-4, trailing the record-chasing tourists by 67.

Spinner Mehidy Hasan Miraz took the key wicket of Steve Smith to reduce Australia to 161-4 after the third day of the first Test in Darwin and move Bangladesh closer to a historic win.

At the close on Saturday, Australia trailed the visitors by 67 runs in their second innings, with Cameron Green on 43 and Alex Carey on 19.

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After being dismissed for 426 shortly after lunch, Bangladesh seamer Hasan Mahmud stunned Australia when he claimed both openers cheaply.

Hasan, who took a career-best 6-55 in the first innings, bowled Jake Weatherald (0) and Travis Head (17) in identical fashion, both chopping on to their stumps.

On a good batting strip, Marnus Labuschagne and Smith initially steadied the ship.

Labuschagne, who has been out of form and seen his place in the team increasingly come into question, eased to 31 before playing over the top of a straight ball from left-arm spinner Taijul Islam and being bowled.

Smith, so often Australia’s saviour, batted sensibly but with the score on 122 he got a leading edge to off-spinner Mehidy and chipped it straight back to the bowler.

“The way we showed character and the way we played for the last two or three days was outstanding,” visiting captain Najmul Hossain Shanto told Fox Sports.

“We are taking it session by session, focusing on the process and not the outcome.”

Earlier, Mehidy did the damage with the bat, scoring a valuable half-century in Bangladesh’s first innings.

After Bangladesh were well beaten by a Cricket Australia XI in their only warm-up match, including being bowled out for 54 in the second innings, many expected this Test to be an easy Australia victory.

But the unfancied visitors bowled the hosts out for 198 on the first day and then showed great dedication with the bat to keep the home side in the field for 138 overs.

Mehidy shielded the lower order brilliantly in the morning session to frustrate a tiring Australian attack.

When he was finally dismissed for 65 by Josh Hazlewood shortly after lunch, he had helped put his team into a strong position halfway through the match.

Bangladesh are attempting to win a Test in Australia for the first time, at the third attempt.

Mehidy shines for Bangladesh to frustrate Australia

After Bangladesh resumed the day on 351-6, fast bowler Hazlewood took two wickets in the first hour to give the hosts hope of wrapping up the tail relatively quickly.

But Mehidy’s outstanding batting allowed Bangladesh to defy the Australian bowlers on a typically hot and humid Darwin morning.

They were helped by some poor Australian catching, including an almost inexplicable miss by Smith, who got under a mistimed pull from Taskin Ahmed in the deep but dropped the simplest of chances.

Two balls later, Mehidy miscued a pull shot only for a diving Head to spill a more difficult chance.

After defying the Australians for more than an hour in the final session on Friday, Hasan lasted just four overs of the first session on Saturday before being trapped leg before by Hazlewood, adding one run to his overnight score of 13.

Taijul Islam made a breezy 17 before becoming Hazlewood’s 299th wicket in Tests when he guided a ball straight to Cameron Green at gully.

With Mehidy shielding Taskin, Bangladesh pushed the lead past 200 and kept the Australian bowlers toiling for another two hours.

Hazlewood, the pick of the attack with 6-89, reached 300 wickets in Tests when he had Mehidy caught behind by Alex Carey to leave Bangladesh 418-9.

He got his 301st when Number 11 Ebadot Hossain fell the same way for seven.

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Too many questions. Lakers sale doesn’t pass smell test

The Lakers are being sold … again?

The Lakers are being sold … by the Dodgers owner who was supposed to save them?

The Lakers are being sold … to one guy who owns an underachieving women’s professional soccer team and another guy who owns a piece of the hated San Francisco Giants?

What in the name of Luka is going on here?

Los Angeles sports fans awoke Wednesday to the news that one of their two crown jewels was being sold for the second time in a year, a transaction valued at $12.5 billion and accompanied by at least that many worries.

This doesn’t feel good. This doesn’t feel right. Something stinks here, and it might just be the future of a franchise that once seemed in such good hands.

On Wednesday it was stunningly and ingloriously fumbled, and for what?

There are two main unknowns here, and both should send shivers through a Laker fan base that could be watching their team become the Portland Trail Blazers.

First, why did Mark Walter sell just 10 months after buying? Yes, he made a $2.5 billion profit, but 10 months? Who owns a major sports franchise for just 10 months?

Second, what sort of owners will Bob Iger and Josh Kushner be? Iger is known for running Disney, and Kushner is known for running with President Trump’s son-in-law, who happens to be Kushner’s brother, Jared.

So crazy. So scary.

Does all this mean the Dodgers are also for sale? Will courtside seats be converted to spinning teacups? Is President Trump going to show up for a ceremonial opening tip?

Mark Walter, chairman and controlling owner of the Dodgers, acknowledges a fan before a game in Chicago on Aug. 4.

Mark Walter, chairman and controlling owner of the Dodgers, acknowledges a fan before a game in Chicago on Aug. 4.

(Melissa Tamez / Associated Press)

Lots to dig in here, starting with Walter, who brought much hope to the struggling franchise after buying it from the Buss family last summer.

In his short tenure the Lakers racked up a bunch of off-court wins. They revamped their scouting department, increased a focus on analytics and rid themselves of LeBron James without the usual noise of an ugly breakup.

Under Walters, the Lakers didn’t fire Rob Pelinka, didn’t fire JJ Redick, brought back Austin Reaves, and actually set the team up for a pretty exciting playoff run next season.

Walter was clearly building the Lakers into the image of the Dodgers, which makes it so shocking that he would so easily cast them aside.

Could this be the result of outside forces? Walter is under federal investigation for tax fraud by companies controlled by the billionaire, and perhaps he sold the Lakers as a peace offering to the feds. The fact that he sold to somebody so close to President Trump could also help his federal case.

Remember last month when Walter embarrassingly groveled at Trump’s feet during the Dodgers visit to the White House, even giving the president a championship ring? It feels like the Lakers sale to a group co-led by Kushner is an outgrowth of that pandering.

Sources told The Times’ Bill Shaikin that the Dodgers are not for sale, but if Walter was troubled enough to sell arguably America’s most glamorous sports franchise after owning it for less time than it takes for Edwin Díaz to walk to the mound, who knows if the Dodgers are really safe?

In Walter, the Lakers had a proven champion who forged a partnership with the fans and rewarded them with sustained success.

In Iger and Kushner, the Lakers have two rich guys who have never been the majority owners of a team, never run a team and never done much more than cheer for a team.

Iger, 75, an entertainment genius who ran Disney for much of the last 20 years, has failed in his previous attempts to buy a sports team. A decade ago, he was in the finals to bring an NFL team to Los Angeles, but lacked the gravitas to pull it off.

In 2024, Iger and his wife, USC journalism dean Willow Bay, bought a controlling stake in the Angel City Football Club in the National Women’s Soccer League. But the team has yet to make any sort of local splash, missing the playoffs in each of the last two seasons.

Bob Iger, former Disney CEO in a white shirt, sits in a courtside seat for a Clippers game in 2025.

Former Disney CEO Bob Iger, in white shirt, has been a longtime basketball fan. In 2025 he sat courtside for a Clippers game at Intuit Dome.

(Allen J. Schaben / Los Angeles Times)

Kushner, meanwhile, is a 41-year-old billionaire venture capitalist who is best known for his brother’s father-in-law and his super-model wife Karlie Kloss. He owns a minority stake in not only the Giants, but the Miami Heat, which he must sell.

There is no indication whether they will be good owners, and they will clearly have to hire a seasoned NBA executive to serve as president to run the show. The identity of this person will be the first sign of their seriousness in restoring a championship culture, but there will be other signs as well, and not all could be positive.

There should be fear that these new wonders will follow the path of the most recently minted NBA owner, Portland’s Tom Dundon, who unapologetically cheapened the organization by doing everything from firing 70 business employees to bucking NBA tradition by refusing to pass out free T-shirts to the fans during playoff games. He even showed the door to both the club’s radio and TV play-by-play announcers in a dramatic cost-cutting move that could be a blueprint for other struggling teams.

Which is to say, nobody has any idea how Kushner and Iger will run things. They have no history here. They have no experience. They have no credibility. This isn’t Disney. This isn’t some hedge fund.

These are the 17-time NBA champion Lakers. This is a national monument forged on the sweat of everyone from Jerry West to Magic Johnson to Kobe Bryant.

This is a community’s heartbeat. This is a region’s touchstone.

Handle with care.

A city will be watching.

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China Missile Test Raises Fears of Growing Pacific Militarisation

China’s test of a nuclear-capable missile into the Pacific has exposed the growing divisions among Pacific island nations over the increasing militarisation of a region they have sought to preserve as an “Ocean of Peace”.

The July launch, China’s first known ballistic-missile test into the Pacific since September 2024, took place just hours after Fiji and Australia signed a major defence treaty, marking Fiji’s first formal alliance. The timing highlighted the increasingly complex security environment in a region where China, the United States and their allies are competing for influence.

More than a month after the test, Pacific Islands foreign ministers were unable to agree on a collective statement condemning Beijing’s missile launch, despite individual leaders expressing concern about the growing military presence in the region.

Papua New Guinea Foreign Minister Justin Tkatchenko described the test as “totally inappropriate”, while stressing that China remained a close friend and ally of Papua New Guinea. He said Beijing had provided advance notice of the launch but had not given details about where the missile would land.

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China defended the test, saying it had been conducted safely and urging countries not to over-interpret the launch.

Growing Military Activity in the Pacific

The missile test came after a year of increasingly visible military activity across the Pacific, a region that has become a major arena of strategic competition between the United States and China.

Chinese naval deployments and live-fire exercises in the Tasman Sea have coincided with U.S.-allied military exercises around Guam and Hawaii. Warship visits and expanding security partnerships have also increased across the region.

The United States retains a substantial military presence in the Pacific, including in Hawaii, Guam and the Marshall Islands.

For Pacific island governments, the growing military presence creates an increasingly difficult choice. Security partnerships can provide valuable capabilities for surveillance, disaster response, policing and training, but they can also increase the possibility that Pacific territory and waters become incorporated into wider strategic competition.

Tuvalu permanent foreign secretary Pasuna Tuaga expressed concern about the broader militarisation of the region, including security arrangements such as the AUKUS partnership between Australia, Britain and the United States.

Pacific Nations United in Principle but Divided in Practice

Pacific leaders endorsed the Ocean of Peace Declaration in September 2025, committing themselves to protecting the region and strengthening international peace and security.

The initiative reflected a long-standing desire among Pacific states to ensure that their security agenda is not dictated by larger external powers.

The defence agreement between Australia and Fiji, known as the Ocean of Peace Alliance, emerged from this broader regional framework.

But the growing number of security partnerships has created an inherent contradiction. Pacific governments want greater security capabilities while simultaneously opposing the militarisation of their region.

Australia and other partners argue that defence cooperation can strengthen regional resilience. Critics, however, fear that expanding bilateral arrangements could eventually leave Pacific nations with less influence over how their territory, waters and infrastructure are used.

Solomon Islands Foreign Minister Rick Houenipwela said the regional agenda must remain “conceived by the Pacific, shaped by the Pacific and only by the Pacific.”

Yet the failure to produce a unified response to China’s missile test demonstrated just how difficult that principle is to implement.

China Divides Regional Consensus

The disagreement over the missile test reflects the different political and economic interests of Pacific island nations.

Kiribati and Nauru, which have deepened their relations with Beijing after switching diplomatic recognition from Taiwan, did not support the wording of the proposed statement, according to an official familiar with the discussions.

New Zealand Foreign Minister Winston Peters blamed foreign influence for the failure to reach consensus, although he did not identify a particular country.

The disagreement demonstrates that Pacific nations do not share a uniform approach toward China.

Some governments see Beijing as an important economic and diplomatic partner, while others are increasingly concerned about its military activities and the strategic implications of its expanding regional presence.

At the same time, many Pacific governments remain wary of becoming closely aligned with either China or the Western powers.

The Security Dilemma Facing the Pacific

The central problem for Pacific nations is the tension between security and strategic autonomy.

Countries require surveillance capabilities, military training, disaster-response mechanisms and other security resources. Defence partnerships can provide those capabilities.

But greater reliance on external powers can also make it more difficult for Pacific governments to maintain an independent regional agenda.

Fiji Foreign Minister Sakiasi Ditoka acknowledged this tension, saying countries wanted to be free from “war-making paraphernalia” while also recognising that some security capabilities helped keep them safe.

Fiji’s participation for the first time in U.S.-led RIMPAC military exercises further illustrates this balancing act.

The country is simultaneously promoting the idea of an Ocean of Peace while becoming more involved in established regional security structures.

Analysis: The Pacific Is Becoming a Strategic Battleground

The significance of China’s missile test goes beyond the launch itself. It has exposed the growing gap between the Pacific’s aspiration to remain an “Ocean of Peace” and the strategic realities surrounding it.

The region is increasingly being shaped by competing security partnerships, military exercises and the expanding strategic presence of major powers. China is becoming more active militarily, while the United States, Australia and their partners are strengthening their own defence relationships.

For Pacific island states, the challenge is therefore not simply whether to oppose China’s military activities. It is how to respond to them without allowing the Pacific’s security agenda to become dominated by great-power rivalry.

The failure to agree on a common statement is particularly significant because regional unity is one of the Pacific’s strongest tools for maintaining its diplomatic autonomy. When governments cannot agree on how to respond to a major security development, external powers gain greater room to shape the regional agenda.

At the same time, completely rejecting security partnerships would leave many Pacific states without capabilities they consider increasingly necessary. The result is a difficult balancing act: accepting enough external security assistance to address genuine threats while preventing those partnerships from transforming the region into a military theatre.

China’s missile test therefore exposes a deeper strategic dilemma. The more Pacific states seek security through external alliances, the greater the risk that the region becomes militarised; yet the more they reject those partnerships, the harder it may become to respond to an increasingly competitive security environment.

The upcoming Pacific Islands Forum leaders’ meeting in Palau is likely to bring these questions back to the centre of regional diplomacy. The key issue will be whether Pacific nations can establish a collective security approach that protects their interests without allowing the strategic competition between China and Western powers to define the future of the region.

With information from Reuters.

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Emerging Markets: Colombia’s Fintech Boom Faces Policy Test

Can fintech bridge Colombia’s financial gap? Recent policy shifts and new leadership suggest it can.

This article appears in the July/August issue of Global Finance Magazine.

After several years of subdued growth, weighed down by weak fixed investment, high borrowing costs, persistent productivity constraints, and a complex political environment, Colombia’s next growth story is taking shape, centered on technology, particularly fintech and payments.

But first, the country must reckon with a paradox it has so far failed to resolve.

Over the past decade, Colombia has built one of Latin America’s largest fintech ecosystems, incubating more than 400 active companies. Their combined revenues have tripled over the past four years and are projected to double again by 2027, according to Finnovista’s Fintech Radar Colombia 2025.

Yet the country’s underlying financial system remains shallow. Fewer than one in six microenterprises have access to formal credit. Insurance penetration is just 3.3% of GDP and the financing gap for small and medium-sized enterprises is estimated at 13% of GDP, according to the World Bank.

“For years, we celebrated open accounts while ignoring that millions of people cannot use them to save, pay, or finance their projects without falling into informality,” notes Gabriel Santos, president of Colombia Fintech.

But with the narrow victory in June of right-wing, Trump-backed outsider Abelardo de la Espriella, whose presidential campaign promised deregulation and a more business-friendly stance, Colombia’s industry — and the opportunity for foreign investors — appears to be entering a new era.

“Colombia is selling at a discount to its fundamentals,” says Juan Manuel Quintero, CEO of Precia, a leading provider of valuation services and financial information in Latin America. “For investors willing to look past the headline political noise, the risk-adjusted opportunity is more attractive than the country’s reputation currently suggests.”

Large Ecosystem, Shallow Financial Base

At first glance, Colombia appears well-banked. In 2024, 95.8% of Colombian adults held a deposit product, according to Banca de las Oportunidades, and bank-led digital wallets such as Nequi and DaviPlata have driven much of that expansion.

But deposit access and financial depth are not the same thing. Only 35.5% of adults had access to any credit product in 2024, according to the Superintendencia Financiera de Colombia. The gap is even wider among businesses; just 15.3% of microenterprises had access to credit, compared with 74.8% of medium-sized enterprises, according to a report by the Organisation for Economic Co-operation and Development. Domestic credit to the private sector stands at about 50% of GDP, below the Latin American average of 54% and a fraction of Chile’s 116%, according to the World Bank.

“This is a powerful story of growth,” argues José Ignacio López, president of the National Association of Financial Institutions of Colombia (ANIF). “Colombia is lagging in many regards in terms of financial inclusion compared to peers in the region,” not just in credit but also in insurance and investment products. “The whole agenda of financial inclusion as an engine of growth is there.”

Start-ups are not the only leaders in Colombia’s fintech development; established banks have been among the most aggressive builders. Nequi, created by Bancolombia, and DaviPlata, from Banco Davivienda, highlight how the country’s largest financial institutions were willing to bet early on digital. DaviPlata alone reached 18.5 million customers by the end of 2024.

“The talent, the regulatory openness, the incumbent institutions willing to innovate, and a large, underserved population that represents both a social imperative and a commercial opportunity” are all there, says Quintero. What Colombia lacks is “the institutional architecture to convert those ingredients into compounding, systemic change. That gap is not a market failure; it is a policy choice. And it remains reversible.”

Payments Become Credit Data

Colombia is building the plumbing to make that possible, and some of it is already functioning. 

Bre-B, the country’s interoperable instant-payment system modeled on Brazil’s Pix, went fully live last October. Within months, it had registered 99 million aliases for more than 33 million customers and 2.8 million merchants. 

Cash still accounts for 77.8% of transactions in Colombia, but Bre-B aims to change that by allowing anyone to send and receive money instantly across any bank, wallet, or fintech, using nothing more than a phone number or national ID.

Decree 368 of 2026, handed down in April by the outgoing administration of President Gustavo Petro, added a second layer, making open finance mandatory for supervised institutions and replacing an earlier voluntary framework that had seen limited adoption. Its significance goes beyond convenience. Most of Colombia’s small businesses have no credit history, operate on cash, and lack collateral or audited accounts. The formal credit system was not built to serve them.

But a business that processes payments through Bre-B immediately starts producing something it never did before: a timestamped, verifiable record of money moving in and out. Quintero calls it simply the “credit file” for businesses that have never had one. If open-finance rules allow lenders to access that data, the underwriting equation shifts from asking whether a borrower has the right documents to asking whether it generates enough cash to repay a loan.

The deeper opportunity, López argues, lies in open data: extending the logic to commercial records, utility payments, and supply-chain relationships that fall entirely outside formal finance. “The ultimate goal is to roll out open finance and then move on to open data. That combination of payments and open data could be a powerful tool,” he says.

The Policy Test

When he takes office in August, De la Espriella’s government will inherit a fintech sector with solid private-sector momentum, but one that is still short on tax clarity, regulatory continuity, capital formation, data governance, and trust. 

His win prompted an immediate rally in Colombian bonds and equities as investors priced in a more business-friendly policy environment. But the harder question remains: whether that agenda can reduce the structural frictions that keep isolated success stories from evolving into deeper financial infrastructure.

The fiscal framework is central to the problem. Early-stage companies face tax obligations disproportionate to their cash generation, while the treatment of reinvested capital, equity incentives, and technology investment does not reflect how digital businesses actually scale.

“A fiscal architecture not designed for innovation-stage businesses creates disproportionate burdens at exactly the moment when companies need to reinvest capital to scale,” Quintero notes.

López anticipates continuity despite political polarization. Financial inclusion and fintech are “not really controversial” areas, he says, even in a politically divided country. But investors still need “clear signals, especially long-term ones, so fintech firms and the broader financial sector can put their bets on the country.”

Financial inclusion alone will not solve Colombia’s growth problem. But if the country can turn payment data into access to credit and fintech momentum into deeper financial markets, it could show that parts of the informal economy can become more visible, financeable, and productive. 

Thomas Monteiro is a contributing writer based in Spain.

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Ibrahim Traore: Why Burkina Faso’s popular leader faces a reality test | News

Ouagadougou, Burkina Faso – Captain Ibrahim Traore, a 38-year-old army officer who seized power in a 2022 coup, has become one of Africa’s most recognisable leaders, hailed by supporters as a symbol of sovereignty and resistance to foreign influence.

But while his image has grown across the continent, his rule has also been marked by increasing restrictions on political activity, persistent insecurity and questions over whether his message of national renewal can translate into lasting change.

In April, Traore told Burkinabe people to “forget about democracy”, arguing that the country was in a revolutionary phase rather than a democratic one. The remark came after his government extended the military-led transition and dissolved political parties, signalling that a return to civilian rule was no longer an immediate priority.

The contrast between Traore’s growing international reputation and the realities inside Burkina Faso has become one of the defining questions of his presidency.

Burkina Faso has been at the centre of the Sahel’s security crisis for nearly a decade, with armed groups linked to al-Qaeda and ISIL (ISIS) expanding across large parts of the country and overwhelming successive governments.

Traore’s appeal extends well beyond Burkina Faso because he has tapped into wider frustration across parts of Africa over foreign military intervention, economic dependence and political elites seen as disconnected from citizens.

Since taking power in a coup in September 2022, he has expelled French troops, strengthened ties with Russia, promoted local industry and agriculture, and presented economic self-reliance as a national priority. His government has joined other military-led governments in the Sahel region moving away from traditional Western security partnerships.

His speeches frequently invoke the legacy of former revolutionary leader Thomas Sankara, who ruled Burkina Faso from 1983 until his assassination in 1987 and who remains a symbol of anti-imperialism and self-reliance across Africa.

Supporters argue that Traore has restored national pride and challenged a system in which Burkina Faso remained politically and economically dependent on external powers.

“What’s happening in Burkina Faso is a genuine decoupling of legitimacy from performance,” Kabir Adamu, a security analyst and founder of Beacon Consulting Limited in Nigeria, told Al Jazeera. “Traore has restructured the security architecture around sovereignty rather than efficacy.”

Adamu said measures such as the creation of the Volunteers for the Defence of the Homeland, Burkina Faso’s withdrawal from the Economic Community of West African States (ECOWAS) and closer security ties with Russia have resonated with a population exhausted by years of foreign-backed military efforts that failed to stop the spread of armed groups.

A Burkinabe diplomat based in Ghana, who requested anonymity because they were not authorised to speak publicly, said Traore’s appeal reflects a desire among some citizens for a leader who appears less influenced by external powers.

“I have followed the speeches of Western leaders for decades,” the diplomat told Al Jazeera. “Traore is the first leader in years who looks like he isn’t reading from their script.”

The diplomat said some supporters view criticism from Western governments as evidence that Burkina Faso’s attempt to pursue a more independent path challenges established relationships.

What has changed under his government?

Traore has sought to turn his sovereignty message into policy, with his government prioritising local production, state control of strategic sectors and reduced dependence on foreign partners.

Officials say Burkina Faso has increased investment in agriculture, particularly in staple crops such as rice and maize, while encouraging local manufacturing and processing industries. The government has also promoted infrastructure projects and sought greater national involvement in strategic economic sectors.

Captain Ibrahim Traore’s relationship with Muslim leaders has come under strain as his government tightens control over religious affairs. [File: Stanislav Krasilnikov/RIA Novosti via AP]
Ibrahim Traore’s relationship with Muslim leaders has come under strain as his government tightens control over religious affairs. [File: Stanislav Krasilnikov/RIA Novosti via AP]

Supporters argue that these measures are laying the foundations for greater economic independence and ensuring that national resources are directed towards domestic development rather than external interests.

The government has also expanded the Volunteers for the Defence of the Homeland programme, a government-backed civilian force created to support the military in areas where the state has struggled to maintain security.

Has security improved?

This remains the central test of Traore’s presidency.

He came to power promising to reverse the deterioration in security that had plagued Burkina Faso for years. Successive governments struggled to contain armed groups linked to al-Qaeda and ISIL (ISIS) that expanded across the Sahel following instability in neighbouring Mali.

Since 2022, the military has intensified operations across the country and repeatedly announced the recapture of towns and strategic positions. Government officials say security has improved in several areas and that the state has regained ground previously controlled by armed groups.

“Traore’s presidency is ultimately judged by whether security has improved,” Mustapha Bature Sallama told Al Jazeera. He is a private investigator and security and intelligence specialist from Ghana who is based near the Ghana–Burkina Faso border.

Sallama said Burkina Faso continues to face serious threats from armed groups linked to Jama’at Nusrat al-Islam wal-Muslimin (JNIM), al-Qaeda’s affiliate in the Sahel, and ISIL’s West Africa Province (ISWAP), with millions of people requiring humanitarian assistance, more than two million displaced and limited independent verification of official security claims.

He added that Burkina Faso and Ghana maintain intelligence cooperation to monitor cross-border threats and prevent the spread of armed group violence into the region.

Despite government claims of progress, Burkina Faso remains one of the countries most affected by armed group violence. Attacks continue across multiple regions, civilians are regularly killed and humanitarian organisations report that millions of people require assistance.

More than two million people remain displaced and access to many affected areas is limited. Independent verification of military claims has also become increasingly difficult as access for journalists, researchers and humanitarian groups has narrowed.

What about political freedoms?

Traore’s government has increasingly moved beyond a military transition towards a broader consolidation of power.

In January, authorities dissolved political parties and suspended political activities, arguing that they fuelled division during a period of national crisis. The move followed an earlier extension of the military transition, effectively postponing a return to electoral politics.

The tightening of state control has also extended beyond politics. Last month, Traore publicly declared that “the battle has begun” against Muslim scholars he accused of promoting religious extremism, following the adoption of a new Religious Freedoms Law and the arrest of several prominent Sunni clerics.

The confrontation was significant because many Muslim leaders had previously been viewed as part of Traore’s support base. Critics warned that the measures risked weakening religious independence and freedom of expression, while authorities argued that extraordinary steps were necessary during a national security emergency.

Rights groups have also raised concerns over restrictions affecting political parties, journalists and civil society organisations.

So does the record match the reputation?

Traore’s rise has been built on a powerful message: that Burkina Faso should have greater control over its security, resources and political direction.

For many supporters, he represents a generation of African leaders willing to challenge former colonial powers, reject Western security frameworks and demand greater control over national resources. In a region where frustration with foreign intervention has been growing, that message has resonated strongly.

But the strength of Traore’s image has also created a difficult test: whether symbolic victories can translate into improvements in people’s daily lives.

If the measure is sovereignty, political messaging and the ability to inspire supporters, Traore has achieved remarkable influence in a short period and become one of Africa’s most recognisable political figures.

If the measure is security, humanitarian conditions and political freedoms inside Burkina Faso, the picture is far more complicated. Armed violence continues, displacement remains widespread and questions remain over whether military rule can deliver lasting stability.

Traore has proved highly effective at turning sovereignty into a powerful political message. The question now is whether that message can deliver the security and justice that many Burkinabe people expect.

“We are proud to see a leader who stands up to the West and wears our traditional clothes. That pride is real,” a youth leader in Ouagadougou, who requested anonymity because of concerns for their safety, told Al Jazeera.

“But pride doesn’t feed a family, and it doesn’t protect a village. We want Captain Traore to be a symbol of strength, but we also need him to be a symbol of safety and justice here at home.”

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This Soviet Sub’s Bizarre ‘Double-Barrel’ Bow Was Built To Test Exotic Weapons

At first glance, the Soviet submarine S-49 looks like a design mistake. While its hull resembles a normal Cold War diesel-electric submarine, its bow appears to have been fitted with a strange pair of enormous “barrels” pointing forward. But the bizarre nose and bug-eyed look was the result of a highly specialized Soviet effort to create a submarine that could test a new generation of underwater weapons. At a time when extreme submarine modifications were in vogue, S-49 stood out for its pioneering work and long service.

S-49 began life as an ordinary Project 633 submarine, known to NATO as the Romeo class. The Project 633 submarines were diesel-electric attack submarines developed for the Soviet Navy in the 1950s and built in Gorky (modern-day Nizhny Novgorod). Since this was hundreds of miles from the sea, submarines built here were transported by river on special barges, then completed and tested at coastal shipyards before entering service.

A starboard beam view of a Soviet Romeo class attack submarine underway. U.S. Navy

The early career of S-49 was completely conventional. Its keel was laid in March of 1961, it was launched in July, and commissioned into the Soviet Navy in December.

S-49 initially joined the Black Sea Fleet, was transferred to the Northern Fleet in 1962, and conducted routine submarine operations, including Mediterranean deployments.

In 1969, S-49 returned permanently to the Black Sea Fleet and continued in service as a normal Soviet attack submarine.

By the 1960s, however, faced by the growing threat of the U.S. Navy’s emerging nuclear-powered submarine fleet, Soviet naval engineers were developing a new class of faster, farther-reaching weapons: submarine-launched anti-submarine missiles. These were essentially long-range weapon delivery systems whose purpose was to allow one submarine to attack another far sooner and from much farther away than was practical with a conventional torpedo, allowing the shooter to remain at standoff distance. This was especially vital in a nuclear warfighting context.

A live test of a nuclear-armed U.S. Navy SUBROC submarine-launched rocket — broadly similar in concept to the Soviet submarine-launched anti-submarine missile — gives an idea of its destructive power:

Swordfish Sailor Hat MK57 ASROC ASTOR SUBROC DOE Video #0800046 thumbnail

Swordfish Sailor Hat MK57 ASROC ASTOR SUBROC DOE Video #0800046




The Soviet concept combined a torpedo or a depth charge with a missile; the weapon would be launched underwater from a submarine or fired from a surface combatant into the water. After a brief period of submerged travel through the water, it would break the surface, a rocket motor would ignite, and the weapon would fly rapidly — according to available sources at around Mach 0.8 — toward the target area. The weapon could deploy a homing torpedo or a nuclear depth-charge warhead.

In the early 1970s, the Soviet Navy was working on two next-generation anti-submarine missile systems: the RPK-6 Vodopad (Russian for waterfall) was designed around a 533mm torpedo-tube launch system, while the RPK-7 Veter (meaning wind) was a larger 650mm weapon with greater range and depth capability — it could only carry a nuclear depth charge.

In practice, while both Vodopad and Veter could be launched from submarines, surface combatants had only 533mm tubes, so were limited to the Vodopad. The RPK-6 Vodopad had a range of about 20 nautical miles, while the RPK-7 Veter increased this to around 54 nautical miles.

A 2018 video showing the Kirov class nuclear battlecruiser Pyotr Velikiy firing multiple Soviet-era RPK-6 Vodopads during a drill:

Пуски ракет-торпед ТАРКР «Петр Великий» в Баренцевом море thumbnail

Пуски ракет-торпед ТАРКР «Петр Великий» в Баренцевом море




There is some confusion about the NATO designations of these weapons. Some sources suggest both Vodopad and Veter were known as SS-N-16 Stallion, others that SS-N-16 Stallion applied to different generations of 650mm anti-submarine missiles, while SS-N-15 Starfish applied to different generations of 533mm weapons.

Needing a test submarine for the weapons, the Soviets chose two Romeo class boats, S-49 and S-11, both of which were converted into the experimental Project 633RV standard.

Between December 1971 and October 1972, S-49 underwent a major reconstruction at Sevmorzavod in Sevastopol, on the Crimean peninsula.

The modification completely transformed the submarine, the most visible change being the enormous forward superstructure containing two giant external 650mm tubes for the Veter, which were simply too large to fit inside the original Romeo class hull. At the same time, two internal 533mm launch tubes were modified for the Vodopad.

Russian submarines are moored in the bay of the Crimean city of Sevastopol on March 23, 2014. Crimea's rebel leader urged Russians across Ukraine on Sunday to rise up against Kiev's rule and welcome Kremlin forces whose unrelenting march against his flashpoint peninsula has defied Western outrage. AFP PHOTO/ VIKTOR DRACHEV (Photo by VIKTOR DRACHEV / AFP) (Photo by VIKTOR DRACHEV/AFP via Getty Images)
Russian submarines moored in the bay of the Crimean city of Sevastopol on March 23, 2014. On the right is the Project 633RV, the former S-49. Photo by VIKTOR DRACHEV / AFP VIKTOR DRACHEV

As well as the new launchers, specialized systems included weapon programming equipment, electrical connections for pre-launch testing, fire-control systems, special sealing arrangements, and guide tracks that prepared the weapon during launch.

Essentially a giant underwater weapons laboratory, the Project 633RV allowed engineers to test the entire firing process before the weapons entered service on operational submarines.

Inside the forward section, engineers removed normal submarine equipment and replaced it with test systems. Spare torpedo storage was taken out, and improved sonar equipment and upgraded navigation systems were added.

Overall, the systems were designed to replicate those of Soviet nuclear attack submarines, including those planned for the Project 671 (Victor class) nuclear attack boats.

A U.S. Navy P-3C Orion anti-submarine warfare aircraft flies over a Soviet Victor III nuclear-powered attack submarine a few hours after the submarine was spotted on the surface in the Atlantic, in 1983. U.S. Navy

As well as firing missiles, the modified submarine was equipped to measure launch behavior, weapon performance, effects on the submarine, underwater pressures, guidance system operation, and reliability.

After conversion, S-49 became one of the most important weapons-testing submarines in the Soviet fleet.

In December 1972, S-49 conducted the first Soviet underwater launch of a Vodopad missile-torpedo, from a depth of 50 meters (164 feet).

During 1973 and 1974, 24 successful launches were completed from depths between 50 and 150 meters (164 and 492 feet) and under increasingly demanding conditions.

In 1975, S-49 received an improved deep-water launch system and successfully completed another 22 launches, including one from an unprecedented depth of 240 meters (787 feet).

For S-49, the mission expanded beyond Vodopad and Veter.

In 1977, the submarine participated in testing of the new 3M10 Granat (SS-N-21 Sampson) land-attack cruise missile, a turbofan-powered weapon that was deployed from a launch capsule via a 533mm launch tube. Analogous to the U.S.-made Tomahawk, this was the first missile of its class fielded on Soviet submarines.

A view of the Transporter-Erector-Launcher (TEL) for the SSC-X-4 ground-launched cruise missile system with a close-up view of the SSC-X-4 missile in the insert.
A ground-launched version of the Granat, the RK-55 (SSC-X-4 Slingshot) was deployed only briefly before it fell victim to the Intermediate-Range Nuclear Forces (INF) Treaty signed in December 1987. Public Domain Unknown

From 1977 through 1985, S-49 continued to support Soviet missile-torpedo development.

After a major overhaul between 1986 and 1991, S-49 continued weapons-related duties until 1995, when it was removed from active naval service.

But even retirement did not end its unusual career.

In late 1995, S-49 was transformed again, emerging as PZS-50, a floating battery charging station. The submarine supported the Black Sea Fleet by charging batteries and assisting submarine training activities.

S-49 remained in service as a support vessel into the 2010s, finally retiring around 2019.

Russian naval flags are seen on the Zaporizhzhia' former Ukrainian submarine (C) moored between the Alrosa (L) and PZS-50 (R) Russian submarines in the bay of the Crimean port of Sevastopol on March 27, 2014. Ukraine's maritime forces have been severely diminished by the Russian intervention in Crimea after they lost 12 of their 17 warships to Moscow, including Ukraine's only Foxtrot-class diesel-electric submarine of the 1970s-era, the Zaporizhzhia, defence analysts Jane's said. AFP PHOTO/ VIKTOR DRACHEV (Photo by VIKTOR DRACHEV / AFP) (Photo by VIKTOR DRACHEV/AFP via Getty Images)
Russian naval flags are seen on the Zaporizhzhia, a former Ukrainian submarine (center) moored between the Russian Alrosa (left) and PZS-50 (right) in the bay of the Crimean port of Sevastopol on March 27, 2014. Photo by VIKTOR DRACHEV / AFP VIKTOR DRACHEV

In May 2022, S-49 became part of the Balaklava Underground Museum Complex, preserving one of the most unusual submarines of the Cold War era in a former Soviet underground submarine base. With Russia occupying the peninsula and engaged in a war with Ukraine, during which Crimea has been repeatedly targeted, the ultimate fate of the boat is by no means certain.

S-49 never fired a missile in anger. But without it, some of the Soviet Navy’s most advanced underwater weapons might never have entered service.

Contact the author: thomas@thewarzone.com

Thomas Newdick is a staff writer at TWZ, where he covers military aviation, defense technology, weapons systems, and international security. Based in Berlin, Germany, he reports on conflicts, military modernization efforts, and emerging aerospace technologies around the world, with a particular interest in airpower and its role in contemporary warfare. His reporting is informed by deep expertise in modern and historical airpower, particularly in Europe, with a focus on military aviation, air campaigns, and aerospace developments across the continent and beyond.




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Joe Root in ‘very different place’ over England Test cricket captaincy

On Fleming, who, like Root, holds national records for matches and wins as Test captain, he added: “I’ve admired him from afar, first as a player and recently as a coach. To get the chance to work together is going to be great fun.

“Once I’d spoken to Stephen about it and saw his energy and excitement for it and saw we’re very aligned on it, I got excited very quickly.”

Root and Fleming inherit a side in disarray, with series defeats in Australia and at home by New Zealand – which brought criticism of England’s carefree playing style – coupled with a run of off-field disciplinary issues bringing the Bazball era to a disappointing conclusion when captain Stokes retired in June and coach Brendon McCullum was sacked a fortnight later.

The duo had previously overseen a resurgence in the Test side, winning 10 of their first 11 matches, and Root hopes he and Fleming can take inspiration from their tenure, rather than starting from scratch.

“Hopefully we can work and build on a lot of the good things that have happened over the last four years,” Root said.

“I think Brendon and Ben did a brilliant job, in many ways, of turning things around and getting us in a position where hopefully now we can carry that forward in a slightly different way.”

Expanding on his approach to his second captaincy in an in-house interview with the England & Wales Cricket Board, Root said: “The last four years have been the most fun I’ve had in professional cricket and a big part of that was down to the way they [McCullum and Stokes] got me to see the game.

“Clearly, the last little while is probably what’s fresh in everyone’s mind but you’re looking at a four-year period where we did a lot of amazing things. I’ve taken a lot from that and I feel it will be a big part of how I want to approach things moving forward as a leader of this team.

“The thing that stands out the most for me is the shift in mindset that was created around how we want to play the game – trying to strip the fear away from things, make sure guys feel that they can really just allow their talent to come out as frequently as possible and in big moments in games. The more that can happen, the better.

“If we can do that alongside recognising when the right time is to put pressure back on teams, or when the right time is to soak it up and to maybe play situations slightly differently, become a little bit smarter in certain areas, then I think we’ll be a very formidable team and a very difficult team to break down and to beat.”

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UK’s steepest road that daredevils flock to was used to test military tanks

This road has a long history studded with soldiers, cyclists and tourists

Tucked in the hills of the Lake District is a twisting road that is so steep and challenging it’s often brought up as one of the most dangerous in the UK. Hardknott Pass, between Eskdale and the Duddon Valley, links the Lake District with West Cumbria.

Often impassable in the winter due to snow and ice, it is also one of the steepest in the UK. It has a maximum gradient of 33%, and winds through the mountains with a series of hairpin turns that would put fear in any casual driver.

This steep gradient draws endurance cyclists from across the world. It’s steeper than any other mountain stage in any other European races, including the Tour de France.

Every year, cyclists flock to the pass to complete the Fred Whitton Challenge – an 112 mile ride around the Lake District.

From Romans to tank training

A version of what is now Hardknott Pass was built by the Romans around AD110 to link the coastal fort at Ravenglass to their garrisons in Ambleside. They called it the tenth highway, but it fell into disrepair in the early 5th century when the Romans left Britain. For years it was used as an unpaved packhorse route to transport lead and farming goods.

In the 1880s, the road was improved by the English Lake District Association – a group of hoteliers. They hoped that making the road better would encourage more people to travel there but by 1891 it had failed to attract the number of people they had wanted.

Instead, the route was popular with cyclists and motorists. Even then, it was described as a challenging road to pass, with the Guide to North-West England describing the old coach road as “difficult going West, cruel coming East”.

Fast forward to World War 2 and the remote mountain pass was in regular use by British forces who used it to train tank drivers, completely destroying what was left of the road surface.

After the war it was finally tarmacked and opened to vehicles.

The road today

Now, the road is a thrilling drive where anyone coming downhill must be prepared to reverse into tight passing bays to allow those coming up the right of way.

However, despite the challenge of driving the road, the views at its 393 metre summit are well worth the effort.

The peak of the mountain offers breathtaking panoramic views stretching toward the Scafell range.

As you drive along the route, you pass the haunting ruins of Hardknott Roman fort, where the same soldiers who used to travel the pass stood watch over the mountain wilderness.

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