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Britain suffered further blows to its economic standing last Monday as two top ratings agencies downgraded its sovereign credit score, judging the vote to leave the European Union would hurt its economy.

With just a few weeks left until the start of the 2016 Olympics, Brazil is still suffering from serious economic problems. The acting governor of Rio de Janeiro warned that the games could be a "failure" if his state doesn't get its finances in order.

Smartphone application providers will be required to have real-name registration for users and to establish a system to review content starting Aug 1, according to a regulation released by the Cyberspace Administration of China last Tuesday.