Kut: A fire at a newly opened shopping centre in Iraq has killed dozens of people. The blaze in the eastern city of Kut broke out at the Hyper Mall and rapidly engulfed its walls.

According to BCC, the incident has shocked the local community and raised concerns over safety standards in newly constructed buildings. Emergency services were quickly on the scene, but the speed at which the fire spread made rescue efforts challenging. The cause of the fire is still under investigation, and authorities are seeking to determine whether any safety regulations were violated during the mall's construction or operation.

In other news, Alimentation Couche-Tard has officially called off its multibillion-dollar bid aimed at acquiring the owner of 7-Eleven convenience stores after a year of prolonged negotiations. The Canadian retailer cited various complexities and challenges faced during the negotiation process as key reasons for abandoning the deal.

Additionally, Nvidia's CEO Jensen Huang is making headlines with his visit to China amidst the resumption of selling H20 chips to the country. This move is seen as significant in light of the ongoing trade dynamics between the United States and China, with Nvidia looking to expand its footprint in the Chinese market.