The 11:00 report · 8.10.2026

TSMC's Q3 Revenue Surges to Record, Beating Forecasts

Taiwanese semiconductor giant TSMC reported a record surge in its third-quarter revenue, exceeding market forecasts. According to Reuters, the company saw an approximately 50 percent increase in revenue compared to the corresponding quarter last year. The sharp growth in sales is driven primarily by mounting demand for chips dedicated to artificial intelligence applications, a trend that continues to propel the expansion of the world's largest chipmaker. Although full data regarding quarterly profits and revenue breakdown by sector have not yet been released, the performance underscores the ongoing rapid growth of the artificial intelligence sector and its sustained reliance on advanced semiconductor manufacturing.

Israel and UK Reach Compromise on East Jerusalem Consulate

Israel and the United Kingdom have agreed that the British consulate in East Jerusalem, which serves the Palestinian population, will continue operating in a reduced format. The compromise comes after Israel withdrew its plan to shut the mission entirely—a step originally considered in response to sanctions imposed by Britain in September on West Bank settlements. Under the arrangement, most British diplomats will depart, though London made clear that essential services at the mission will continue. While specific details on the scale of diplomatic cuts and the timeline for implementation remain unpublished, the agreement avoids a broader diplomatic breakdown between the two countries while maintaining British consular presence.

Trump Says He Is Not Seeking Deal as US Prepares for Possible Iran Strikes

US President Donald Trump declared at a Texas campaign rally that he is not interested in an agreement with Iran, even though he claimed Tehran is ready to offer major concessions. Concurrently, the Pentagon directed US Central Command (CENTCOM) to complete preparations for resumed fighting and a broad strike. The moves follow Vice President JD Vance's statement that ending the war requires tangible reductions in Iranian uranium enrichment, as well as earlier reports that Trump is considering military action before the November midterms to display an achievement and reduce energy prices. With Washington debating risks to roughly 50,000 regional troops, Israeli security officials increasingly fear Iranian preemptive action or retaliatory barrages of hundreds of missiles.

All coverage: US Iran Enrichment Demands

Court Convicts MK Ofer Cassif of Assaulting Police Officer

The Magistrate's Court has convicted Member of Knesset Ofer Cassif of assaulting a police officer under aggravated circumstances. The ruling comes roughly four years after the incident that led to the legal proceedings against him. At this stage, the court has not released the full reasoning behind the decision, and further details regarding subsequent legal steps remain pending. The verdict marks a significant legal and public development for a sitting lawmaker, as a criminal conviction for a severe offense against a law enforcement officer carries direct implications for his public standing and political trajectory as the case proceeds toward sentencing.

Jerusalem Faction to Block Roads in Jerusalem and Gush Dan Over Draft Arrests

Members of the Jerusalem Faction are planning to hold massive protests and block major roads in Jerusalem and the Gush Dan area starting at 16:00 today. The demonstrations and road closures are set to take place in central hubs in Jerusalem as well as in Bnei Brak, protesting the arrest of military deserters. Although specific blockade locations and the full scale of disruptions have not yet been published, disruptions are expected to spread across key intersections in both areas. The planned actions pose major traffic hurdles during peak afternoon hours and highlight the recurring friction between the faction and law enforcement authorities over military conscription and enforcement.