◆ Daily Global-Macro Brief LIVE
TODAY IN 30 SECONDS

Risk-off sentiment prevails as China trade tensions and AI uncertainty weigh on markets

  1. Memory shortage hits consumer electronics
  2. US conducts second day of strikes on Iran after drone hits tanker in Strait of Hormuz · 3 sources
  3. Serbian President Vucic says he will resign within weeks · 3 sources
  4. U.S. conducts new airstrikes on Iran following attack on commercial vessel · 2 sources
  5. SpaceX added to Nasdaq-100 via fast-track process, prompting ETF buying

Markets 15

+
  • SpaceX qualifies for Nasdaq-100 inclusion, with index funds set to buy shares after July 6
  • Company will have a weighting of less than 1% in the Nasdaq-100, triggering purchases by ETFs like QQQ
  • Nasdaq's fast-track framework allows new IPOs to join after just 15 trading days, accelerating passive‑investor exposure
  • Nasdaq-100 tracks over $800 billion in assets, so the addition could generate significant demand despite SpaceX's limited float
  • S&P 500 will not add SpaceX due to stricter seasoning and profitability requirements
+
  • Nasdaq Composite fell 4.6% for the week, S&P 500 down 1.95%, while Dow Jones rose 0.6%
  • Micron jumped 16% after earnings but ended week flat; broader semiconductor names fell 5%–23.9% (e.g., Nvidia -8.6%, Broadcom -12.3%)
  • Oil prices slipped to roughly $69 a barrel for WTI and $72 for Brent, erasing earlier gains
  • Apple shares dropped 6.1% after announcing price hikes tied to higher memory costs
  • OpenAI IPO delay rumors pushed chip stocks lower, with the semiconductor basket down over 5% on Friday
+
  • Chinese internet equities have fallen over 30% year‑to‑date amid regulatory pressures.
  • Citi sees valuation upside of 15‑20% for large‑cap names such as Alibaba (BABA), Tencent (TCEHY), JD.com (JD) and Pinduoduo (PDD).
  • The bank maintains a buy rating, citing improving earnings outlook and strong cash flows.
  • Target‑price revisions imply a potential 10‑12% rally if market sentiment improves.
  • Recommendation focuses on large‑cap internet firms, excluding smaller peers.
+
  • Asian equities slipped, with Thailand's SET index closing at 1,542.34, down 1.9% week‑over‑week.
  • Apple raised iPad and MacBook prices, citing higher chip costs amid AI data‑center demand.
  • US PCE inflation topped 4% in May and Fed rate‑hike odds rose to 68% for September, pushing the dollar to a 13‑month high.
  • Gold fell below $4,000 per ounce, entering bear‑market territory as higher‑rate expectations mount.
  • Thai baht weakened past 33 per dollar, its weakest level this year.
+
  • SpaceX will be added to the Nasdaq 100 index on July 7, per Nasdaq confirmation.
  • J.P. Morgan estimates the inclusion could draw about $4.3 billion of passive ETF inflows.
  • Nasdaq, FTSE Russell and MSCI have relaxed entry criteria, easing profitability and float requirements.
  • Analysts note the stock may be overvalued despite the expected inflow boost.
  • Bond funds are trading at discounts to their net asset values
  • Wamco's bond fund price fell sharply after a recent scandal
  • Analysts see potential upside if discount levels narrow
+
  • BCA flags South Korea's equity valuations as the most stretched among global markets
  • KOSPI has risen sharply this year, widening price multiples relative to peers
  • Analysts warn of heightened downside risk if the broader equity rally loses momentum
  • UBS advises investors to diversify across asset classes as market volatility persists
  • Emphasis on defensive equities and high‑quality credit to mitigate downside risk
  • Recommendation to keep a higher cash allocation to preserve flexibility
+
  • ECB raised rates by 25 bps to 2.25% on June 11, its first hike since Sept 2023
  • FedWatch gauge shows a 78% chance of a Fed hike in December, dropping to 68% for Jan 2027
  • Short to intermediate duration global government bonds are recommended for diversification and higher yields
  • U.S. rates have been unchanged since July 2023, prompting investors to seek higher yields abroad
+
  • Correlation between U.S. Treasury yields and the S&P 500 fell to its lowest level in three decades, near zero.
  • Divergent drivers: rising bond yields amid inflation concerns versus mixed equity earnings outlook.
  • Lower correlation reduces traditional diversification benefit, potentially increasing portfolio risk.
  • Asset managers may reconsider allocation weights as bonds and stocks move more independently.
  • Historical swings in correlation can affect portfolio volatility but do not dictate market direction.
+
  • S&P 500 down ~2% and Nasdaq down 4.6% over the week
  • ICE and CME stocks fell over 7% and 10% respectively, both with RSI around 24.4
  • Cardinal Health became most overbought with RSI 84.4, up >7% and hitting a 52‑week high
  • WTI crude fell 3.74% to $69.23 per barrel, below $70 for first time since Feb 27
+
  • US GDP beat expectations and CPI hit its highest level since Oct 2023, yet the 10‑year yield fell below 4.4%
  • iShares long‑term Treasury ETF (TLT) rose about 0.67% on the day, extending a 5% gain since last month’s low
  • Crude futures slid roughly $10 from Friday’s peak, prompting USO oil ETF to record 30% more puts than calls
  • TLT options saw $51 million traded, with $30 million in puts, indicating mixed directional bets despite bond price gains
+
  • Deputy Financial Secretary Michael Wong announced reforms to optimise weighted voting rights and ease secondary listings for overseas issuers.
  • HKEX plans to introduce bond futures to broaden the market's fixed‑income product suite.
  • A new push to develop gold trading products will accompany the listing rule changes.
  • The announcements coincide with HKEX's 26th anniversary as a publicly listed company.
  • ~170 firms still awaiting IPO approval after a record 2025 year
  • 2025 saw >$22 billion raised across ~370 Indian listings, a record
  • Six‑month slowdown is easing as the US‑Iran conflict subsides
  • Two historic IPOs are slated to launch soon, boosting sentiment
  • Japan and Australia become first AFC teams to advance to the World Cup round of 32
  • Japanese corporate sponsors are absent from the tournament; Chinese brands like Regza and Lenovo appear on pitch‑side ads
  • Chinese consumer‑electronics brands gain significant market share in Southeast Asia, expanding into air‑conditioners and robot vacuums
  • Japan's football profile rises while its domestic brands lose visibility at the global event

Macro/Economy 25

  • China holds near‑total control of worldwide solar panel and lithium‑ion battery supply chains
  • Rapid AI‑driven demand is accelerating approvals for clean‑energy projects
  • Chinese clean‑energy component exports are surging, outpacing rivals
  • EU leaders note daily trade deficit with China exceeding €1 billion ($1.13 bn).
  • The bloc is preparing tougher regulatory measures for Chinese companies operating in Europe.
  • Chinese investment continues, highlighted by CATL's battery plant in Debrecen, Hungary slated for 2025.
  • EU members remain split on the intensity of actions to push Beijing on trade issues.
  • Coal-fired plants provide over two‑thirds (>66%) of Indonesia's electricity generation
  • Miners favor exporting coal and risk fines rather than supplying domestic power plants
  • Experts warn the supply mismanagement could trigger deeper rolling blackouts
  • Potential energy shortfall may pressure Indonesia's economic growth
  • Finance Ministry approved a funding framework under an emergency decree to finance Thailand's energy transition projects.
  • Framework outlines three categories: fossil‑fuel reduction and renewable generation; EV and charging infrastructure; upskilling and reskilling for clean‑energy jobs.
  • Projects must meet criteria on transparency, accountability and regulatory compliance as the borrowing programme moves into its second phase.
  • Funding aims to reduce reliance on imported energy and support long‑term structural change toward green energy.
  • Prime Day sales rose modestly year‑over‑year, showing continued demand despite tighter household budgets
  • Average order value slipped, suggesting shoppers are focusing on essential items and deeper discounts
  • Amazon noted a higher share of price‑sensitive shoppers, with discount depth averaging around 20% across categories
  • The event highlighted lingering consumer caution as inflation pressures persist
  • Total 401(k) assets hit a new all‑time high for the year 2023
  • Vanguard's report shows most workplace retirement savers experienced gains
  • The data provides benchmarks for individuals to compare their retirement savings
  • Total healthcare spending on the disease now surpasses the combined annual costs of cancer and heart disease.
  • Analysts warn the financial strain on families and governments will intensify as prevalence rises.
  • Projected cost growth could pressure public budgets and increase demand for policy intervention.
  • Proposal to lift statutory retirement age from 67 to 70 by 2092.
  • Increase would be phased in gradually over the coming decades.
  • Measure expected to cover only a portion of Germany's pension funding gap.
  • Discussion may spark similar debates in other countries, including the United States.
  • Bill would limit Medicare beneficiaries' annual out-of-pocket expenses to $5,000.
  • Federal cost impact estimated in the tens of billions of dollars.
  • Legislation is a long-shot and would need congressional approval.
  • If passed, could reshape Medicare budgeting and increase overall federal spending.
  • Administration proposes expanding annuity options in 401(k) retirement plans
  • Policy aims to increase guaranteed income for retirees but may limit investment flexibility
  • Critics warn annuities can carry higher fees and reduce liquidity for workers
  • Amazon Prime Day generated $26.4 bn in sales from June 23‑26, a 9.3% year‑over‑year increase.
  • Average order size dropped to $47.66, down from $53.34 in the previous year.
  • Discounts averaged ~24% on electronics and apparel, roughly unchanged from last year.
  • U.S. tax refunds rose 11.1% to $3,462 in 2026, providing a temporary boost to discretionary spending.
  • Turkey aims to electrify 35% of its energy consumption by 2035.
  • Goal supports COP31 climate objectives to cut greenhouse‑gas emissions and reduce fossil‑fuel reliance.
  • Environment minister Murat Kurum calls on other nations to meet at least one‑third of energy needs with electricity within the next decade.
  • Turkey will host the UN COP31 summit, positioning itself as a leader in the global green transition.
  • Half of newborns received a $1,000 seed grant in a 529 account; 100% of those still hold assets after 18 years
  • College enrollment among participants is projected at about 64% versus the state average of 40%
  • Lower‑income families showed higher savings rates and increased educational expectations
  • Similar programs in Maine, Pennsylvania and California doubled the likelihood families expect their child to attend college
  • Space economy grew ~9% YoY, hitting a $613 bn valuation in Q2 2025
  • Private‑sector space employment rose 27% over the 2010s, reaching 373,000 workers in 2024
  • Active space‑sector job postings up >40% YoY, while overall U.S. postings fell about 5%
  • Workers under 35 now comprise roughly half of new space‑economy hires, a 3% rise since 2014
  • RTX reports 12,871 open roles and Lockheed Martin 10,614, highlighting sector‑wide hiring shortages
  • China will coordinate with other countries to remove bureaucratic travel barriers for international tourists
  • Tourism minister Sun Yeli urged closer Apec cooperation to boost regional tourism as an economic driver
  • Emphasis placed on high‑quality development of cultural tourism
+
  • Bond investors increasingly dictate policy choices in democracies, including the UK
  • UK debt levels and funding gaps for essential services raise concerns among market participants
  • Political leaders risk electoral backlash if they ignore bond market signals
  • Monsoon season, normally beginning in June, arrived later than usual across India.
  • Rainfall levels are below the seasonal average, prompting water restrictions in Mumbai and other cities.
  • Farmers face planting delays while construction sites report water shortages due to the late rains.
  • Graduate Industry Traineeships (GRIT) offer S$1,800 to S$2,400 per month, roughly 50% of the median first‑salary.
  • The scheme targets the class of 2026 amid a tight Singapore jobs market for new graduates.
  • Placements are with government agencies or private firms, providing temporary industry experience.
  • Median first‑salary for Singapore graduates is estimated around S$3,600‑S$4,800, highlighting the pay gap.
  • Domestic tourism likely flat or contract this year, with no growth expected without stimulus
  • Thai household income fell in 2026, with lower‑income families relying on assistance
  • Government plans a 3‑billion‑baht co‑payment scheme for 1 million trips in Q4, but rollout delayed
  • First five months saw 120 million domestic trips, up only 1.9% YoY, generating 488 billion baht
  • Operators warn frugality could last 2‑3 years as economic recovery remains uncertain
  • Hong Kong aims to align its financial and legal systems more closely with the mainland to attract investment
  • Potential benefits include greater market access and infrastructure funding, but also heightened regulatory oversight
  • Risks highlighted are political uncertainty, talent outflow, and possible erosion of Hong Kong's autonomy
  • Local innovators, like materials scientist Eddie Yu, are seeking sustainable growth amid the integration debate
  • Beijing grants continent-wide import clearance for African coffee, chillies and cashews
  • Policy bypasses bilateral negotiations, offering market access to all African nations
  • Expected to boost African agricultural exports and deepen China‑Africa trade ties
  • Chinese tourist arrivals to Malaysia reached an all‑time high in recent months
  • Tourism ministry aims to raise Chinese visitors to a larger share of total arrivals
  • Authorities plan targeted marketing, visa facilitation and travel‑package incentives
  • Growth is expected to boost hospitality, retail and transport sectors
  • OECD research links inclusive societies to higher stability and increased foreign direct investment
  • World Bank estimates suggest discrimination can cut GDP by 0.1%‑1.7% per country
  • Australia’s Equality Collaboration Fund allocates AU$20.6 million (≈474 million baht) for inclusion projects in Asia‑Pacific
  • Thailand passed marriage equality law; Nepal’s Supreme Court supports same‑sex marriage recognition
  • Inclusion policies are framed as an economic strategy to boost productivity and attract skilled talent
  • 36 administrative officers left in 2025-26, a 33% increase from 27 the year before.
  • Resignations grew to 20, up from 18 in the prior year.
  • Retirements also rose, though exact figures were not disclosed.
  • Overall civil service turnover fell, but senior exits surged, leading to calls for broader open recruitment.
  • Li Xueke leaves Penn for City University of Hong Kong as assistant professor in energy and environment.
  • His research targets emerging Arctic shipping routes as the region becomes seasonally navigable.
  • Study aims to quantify economic impacts of climate‑driven changes in global trade routes.

Central Banks 1

  • ECB policymaker Isabel Schnabel raises doubts about a sustained return of inflation
  • She points to recent price data indicating upward pressure in the euro area
  • Schnabel warns that persistent inflation could shape future monetary policy decisions

Energy/Oil 7

+
  • Two VLCCs (≈2 million barrels each) loaded at Ras Tanura, a third en route and a fourth waiting
  • Saudi crude exports, down to ~4 million bpd, added ~2 million bpd as loadings restart
  • Global oil prices fell more than $1 per barrel on rising supply pressure
  • Regional shut‑in production estimated at 9.6 million bpd, down from 11.7 million bpd three weeks earlier
  • Resumption occurs amid security concerns after a cargo ship was struck in the Strait of Hormuz
+
  • Crude prices have fallen back to pre‑U.S.-Iran conflict levels.
  • Asian importers, especially Japan, are accelerating diversification of oil supplies.
  • Japan plans to source 100% of its oil via routes other than the Strait of Hormuz by July.
  • The shift away from Middle‑East oil is expected to persist despite lower prices.
+
  • USGS estimates technically recoverable resources in Buda Limestone at ~184 billion cubic feet of natural gas
  • Remaining oil resources in the formation are considered limited, indicating near exhaustion
  • Eagle Ford shale has sustained stable crude output, but the underlying Buda layer is now running dry
  • Depletion may modestly tighten US crude supply outlook, though global market impact is limited
  • Government pushes faster ethanol blend implementation for transport fuels
  • Policy driven by higher Middle East oil prices and U.S. trade measures
  • Drivers report concerns over fuel quality and price impact
  • Biofuel push aims to cut reliance on oil imports
+
  • Year‑on‑year decline in naphtha imports slowed in May versus April
  • Japan increased purchases from the United States and Europe
  • Middle‑East share of Japan's naphtha imports fell further
  • The United States has issued a temporary waiver on sanctions affecting Iranian crude exports.
  • Discounts on Iranian oil are tightening, eroding the price advantage for China's small independent "teapot" refiners.
  • Chinese teapot refiners may face higher feedstock costs and could be forced to seek alternative crude amid ongoing Hormuz shipping risks.
+
  • LNG prices remain high despite gradual resumption of Gulf tanker traffic
  • Damaged processing facilities continue to limit supply
  • Extreme summer weather is expected to boost LNG demand
  • Market outlook hinges on further supply disruptions and weather-driven demand

Gold/Metals 1

+
  • China's imports of critical metals rose 60% year‑on‑year, according to trade data analysis.
  • The surge includes increased purchases of tungsten, notably from North Korea.
  • Beijing keeps export restrictions in place while expanding its import volumes.
  • The move underscores China's strategy to secure supply chains for high‑tech products.

Crypto 17

+
  • Bitcoin near $58,000, down ~50% from October peak as gold slips below $4,000
  • Fed targeting 4.00‑4.25% by 2027 lifts real yields, hurting non‑yielding assets
  • Gold down ~28% from Jan 2025 high; silver down >50% from $120 peak
  • Since February, Bitcoin has outperformed metals, gaining ~30% vs gold and >55% vs silver
+
  • Crypto market has fallen ~50% over the past year, with Bitcoin down 50% from its $126,000 peak.
  • CZ attributes the decline to geopolitical tension, capital shifting to AI firms, and the typical four‑year crypto cycle.
  • He expects long‑term industry growth, viewing AI investment as ultimately beneficial for crypto.
  • Upcoming U.S. crypto legislation, such as the Digital Asset Market Clarity Act, is unlikely to change the sector’s long‑term trajectory.
+
  • Ripple CEO Brad Garlinghouse stays bullish on Bitcoin despite its dip below $59,000.
  • He denounces Michael Saylor's Strategy preferred‑stock model, citing STRC fell ~25% below its $100 target.
  • STRC's 11.5% dividend shares dropped up to 26% below par, leading to a pause in Bitcoin buying.
  • CryptoQuant notes STRC's cash coverage fell from over 7 years to about 14 months, weakening the funding engine.
+
  • Fidelity argues Bitcoin's fixed supply and halving do not compromise network security
  • Each halving cuts miner block rewards by 50%, yet security remains intact per the asset manager
  • Rebuttal issued ahead of the next Bitcoin halving expected in roughly 80 days
+
  • Around 50,000 BTC were transferred to exchanges despite being in a loss position
  • Short-term holder stress index reached its highest level in two years
  • Analysts warn the selling pressure could push BTC toward new price lows
+
  • Yuma, backed by DCG, introduces a new fund targeting the Bittensor decentralized AI protocol
  • Fund expands the range of TAO (Bittensor) offerings for institutional investors
  • Launch follows recent restrictions on Anthropic's AI models, boosting interest in decentralized AI
+
  • Robinhood announced staff cuts in June 2026, mainly management and support roles, amid a crypto revenue crunch.
  • The layoffs follow sector-wide cost reductions, including BitGo's 15% workforce cut and declining trading volumes.
  • Analysts view the cuts as a lagging indicator of a late bear market, but note that major assets like Bitcoin and Ethereum remain relatively resilient.
+
  • Coinbase and Circle reported steeper quarterly losses than Oracle, Netflix and Salesforce
  • The decline widens the performance gap between crypto equities and broader market stocks
  • Crypto‑focused shares are under pressure, lagging behind big‑tech earnings trends
+
  • Tether holds about $23 billion in physical gold backing its XAUT token.
  • Tether and crypto lender Ledn will launch gold-backed loans later this year, letting XAUT holders borrow against bullion.
  • The partnership mirrors Ledn’s existing bitcoin-backed lending model, extending tokenized gold’s utility without selling the metal.
  • Tether’s gold reserves total roughly 140 metric tons, making it one of the largest corporate gold holders.
+
  • Hackers stole approximately $3.1 million worth of Polymarket’s PUSD token from 11 user wallets
  • Stolen funds were moved from Polygon to Ethereum via a bridge before being transferred
  • Polymarket says a compromised third‑party vendor injected malicious script and pledged full refunds to affected users
  • The platform is also under federal investigation for alleged deceptive marketing practices
  • Binance will suspend some EU services after missing the July 1 MiCA licensing deadline
  • Coinbase offers a 5% transfer bonus to new European users who move funds before July 13
  • OKX promises deposit‑matching bonuses of up to 8% for eligible EEA users
  • Binance withdrew its Greek MiCA application and is seeking approval in another EU member state
+
  • Exploit affected ~16 million ADA (≈ $2.4 million) across 374 addresses
  • SecondFi secured ~129 million ADA and placed it with an independent custodian
  • Recovery to begin in about two weeks after one week of building and one week of testing
  • Users warned of scams; firm will never request private keys, seed phrases, or wallet access
  • Forensic investigation completed; detailed post‑mortem not yet published
  • European Parliament adopts a nonbinding report outlining a unified approach to crypto regulation
  • Report calls for EU-wide rules covering decentralized finance, staking services and non-fungible tokens
  • Legislators warn that fragmented national MiCA implementations could hinder market development
  • The proposal aims to shape future EU crypto legislation and prevent regulatory arbitrage
+
  • Dogecoin dropped 9.6% to about $0.076, while Hyperliquid’s HYPE fell 9.9% over the week
  • Bitcoin slipped 5.3% to around $60,300, rebounding from lows near $58,800
  • Ether fell 8.4% to roughly $1,581; XRP declined 7.8% to $1.06
  • Crypto outflows were driven by US spot Bitcoin ETF withdrawals, a hawkish Fed and a strong dollar
  • AI‑related equities rose, with the equal‑weight S&P 500 hitting a record high as chip stocks retreated
  • Securitize anticipates raising roughly $400 million from its upcoming public listing.
  • Less than 30% of shareholders in the acquisition SPAC chose to redeem their shares.
  • The low redemption rate is expected to allow the full $400 million to be captured.
  • Senators John Curtis and Adam Schiff urged the CFTC to examine Polymarket's advertising.
  • Lawmakers described the platform's marketing as "deceptive" and raised concerns about enforcement capability.
  • A CFTC probe could lead to tighter regulatory scrutiny of crypto prediction markets.
+
  • SOL token price climbed back to $72 after a recent dip
  • Tokenized stock trading on Solana helped drive the price recovery
  • Total value locked (TVL) on the Solana network continued to decline
  • Decentralized exchange (DEX) trading volumes on Solana fell further

Geopolitics 32

+
  • US airstrikes hit Iranian surveillance, communication and air‑defense sites following a drone strike on the tanker Kiku carrying over 2 million barrels of crude.
  • The Panama‑flagged Kiku was struck near Tahrui village; no crew injuries or oil spill were reported, and the vessel is headed to Fujairah.
  • The attacks cast doubt on the June 17 US‑Iran cease‑fire memorandum and threaten the flow of roughly 20 % of global oil that passes through the Strait of Hormuz.
  • President Trump warned that continued Iranian non‑compliance could lead to further military escalation.
  • President Aleksandar Vucic announced he will step down within weeks
  • Resignation follows months of anti‑government protests that began in November 2024
  • Vucic's term was set to run until mid‑2027, prompting expectations of early presidential and parliamentary elections
  • Protests were sparked by the Novi Sad rail disaster that killed 16 people and led to the previous prime minister's resignation
  • Vucic gave no specific timeline for his exit or for the upcoming elections
  • U.S. launched fresh airstrikes targeting Iranian sites
  • Strikes come after a commercial ship was attacked in the region
  • Tensions between Washington and Tehran have escalated further
  • The escalation raises concerns for regional security and shipping routes
  • Defence Minister Israel Katz orders troops to prepare for an extended stay in southern Lebanon
  • Israeli forces will not withdraw until Hezbollah is fully disarmed across Lebanon under a new US‑brokered agreement
  • The directive signals a longer Israeli presence near the Lebanon border
  • Arizona residents protest data centers due to water concerns amid 30-year drought
  • Project Blue would consume more water and power than the city can afford, with potential 77% water cuts
  • Tucson city council votes against acquiring land for the project, citing environmental concerns
  • Trump claimed US forces hit Iranian missile and drone storage locations and coastal radar sites.
  • He warned the US may be forced to "militarily complete the job" if Iran does not adhere to the ceasefire.
  • Trump warned that continued conflict could lead to the dissolution of the Islamic Republic of Iran.
  • War lasted three months, including 40 days of bombing and a two‑month US naval blockade.
  • Estimated economic damage of $270 billion, roughly 73% of Iran's $371 billion GDP.
  • Bombings targeted energy grids, steel mills, petrochemical plants, ports and transport corridors.
  • US and Israel actions effectively sealed off much of Iran's remaining trade capacity.
  • Iran's economy faces near‑collapse, raising doubts about post‑war recovery.
  • Investors rethinking portfolios for societal changes due to climate change
  • Companies focused on decarbonization, climate adaptation, and insurance benefiting from heatwaves
  • Grid modernization and renewable energy investments gaining traction
  • Hezbollah leader Naim Qassen called the framework deal "humiliating" and rejected linking Israeli withdrawal to Hezbollah disarmament
  • Israeli airstrikes in southern Lebanon on Saturday killed one civilian and injured two, the first casualties since the agreement was signed
  • Pro‑Hezbollah protests erupted in Beirut, with road blockades and tyre‑burning, while Lebanese authorities ordered security forces to prevent riots
  • The US‑mediated agreement does not require Israel to withdraw from southern Lebanon, but ties a cease‑fire to Hezbollah's disarmament, raising doubts about its durability
  • Trump announced the nomination on Truth Social
  • Schroyer brings a 29‑year law‑enforcement career, including service as a U.S. Marine
  • ICE expanded after a $75 billion one‑time funding boost, adding 12,000 officers
  • The pick follows Todd Lyons' resignation; acting director is David Venturella and Senate confirmation is required
  • Israeli drones hit tents in al‑Mawasi, Khan Younis, killing 15‑year‑old Islam Moussa and his 30‑year‑old brother Abdullah.
  • The attack wounded at least 12 people in western Gaza City and seven injured were taken to Nasser and Red Cross hospitals.
  • Since the cease‑fire began, Gaza's health ministry reports 1,031 Palestinians killed and 3,309 wounded; overall war death toll exceeds 73,043.
  • A UN report finds children account for about 30% of Gaza casualties since October 2023.
  • UK will spend £500 million on high‑speed boats and unmanned aerial systems for its Commando Force
  • Funding targets faster maritime deployment and enhanced strike capability for elite troops
  • Investment forms part of broader defence modernisation, with no immediate market impact
  • Cabinet chief steps down after being implicated in corruption allegations
  • President must appoint a replacement, increasing political uncertainty
  • Resignation adds pressure on Argentina's already fragile economic reforms
  • One runway at Simon Bolivar International Airport reopened, allowing C‑17 cargo planes to land.
  • US has released $150 million in aid and expects an additional nine‑figure package.
  • Five US Air Force C‑17s and a Boeing 767 carrying a field hospital are scheduled to deliver relief.
  • Earthquakes of magnitude 7.2 and 7.5 left over 1,400 dead and tens of thousands missing.
  • Russia annexed Crimea in 2014, making the peninsula a focal point of the war.
  • Ukraine has increased drone strikes on Crimea, prompting a Russian‑declared state of emergency.
  • President Zelenskyy launched a 40‑day "influence operation" to pressure Russia to end the conflict.
  • Experts argue Crimea’s Black Sea access and military infrastructure are key to Russia’s war strategy.
  • Six protesters found injured after arrests outside Parliament; one protester remains missing
  • Approximately 355 people arrested nationwide during the second anniversary of 2024 protests
  • Amnesty International Kenya urges independent investigation into alleged police torture and disappearances
  • Police watchdog reports at least 127 people killed in Kenya protests during June-July 2024 and similar period in 2025
  • At least three paramilitary Rangers soldiers were killed in the Karachi attack.
  • Four attackers were also killed, according to Sindh police.
  • Militant group Jamaat-ul-Ahrar, linked to the Pakistani Taliban, claimed responsibility.
  • Two civilians were wounded and taken to hospital.
  • 172 candidates cleared to contest 56 seats in Johor state election
  • 14‑day campaign period ahead of the July 11 poll
  • 2.72 million voters eligible in the economically pivotal state bordering Singapore
  • Federal allies of Prime Minister Anwar Ibrahim face off against each other
  • Six senior PLA officers were expelled from the National People's Congress.
  • A total of 13 legislators were removed and one resigned in the latest purge.
  • The action highlights President Xi's ongoing military anti-corruption campaign.
  • Among those removed were a former top financial regulator and former Xinjiang party chief.
  • Indonesian police detained dozens of demonstrators following a rally in Surabaya.
  • Approximately 100 people gathered to protest a recent fuel price increase and the free meals program.
  • Protesters threw rocks and set fire to rubbish, prompting police to intervene.
  • ASEAN foreign ministers convene in Manila on July 21‑22 to discuss Myanmar
  • Several members hint at moving away from the five‑point consensus pressure strategy used since the 2021 coup
  • The bloc may pursue more direct engagement with Myanmar’s military government
  • No formal policy change announced yet; the shift remains a behind‑the‑scenes realignment
  • IAEA has held initial discussions with Iran regarding nuclear inspection protocols
  • Agency aims to dispatch inspectors to Iran as soon as possible
  • Director General emphasizes need for a strong verification system to prevent weaponization
  • AI competition described as a new Cold War pitting the United States against China
  • Authors argue no single nation can match the combined capabilities of the US and China in AI
  • A nonalignment movement is proposed to coordinate international AI development and governance
  • Bangladeshi PM Tarique Rahman met Chinese President Xi Jinping in Beijing on June 26, 2026.
  • Bangladesh aims to deepen cooperation with China on trade and large‑scale infrastructure financing.
  • The outreach signals a shift to rebalance diplomatic ties away from India.
  • Alaska Superior Court ruled both incumbent Sen. Dan Sullivan and challenger Dan Sullivan can stay on Aug. 18 primary ballot
  • The decision reverses an earlier Alaska Elections Division move and may be appealed to the state Supreme Court
  • Alaska's nonpartisan blanket primary advances the top four vote‑getters to the November general election
  • Settlers tried to take over a house under construction on the outskirts of Qabalan, south of Nablus
  • Israeli soldiers were present, providing protection to the settlers during the incident
  • Video footage captured the attempt, underscoring ongoing settlement tensions in the occupied West Bank
  • Iran's 1-1 draw with Egypt left them vying for a third-place spot in Group G
  • Coach Amir Ghalenoei claimed the US host treated the team unfairly, citing visa and training issues
  • Iran appealed to FIFA President Gianni Infantino to address the alleged mistreatment
  • Father abducted by Pakistani intelligence on June 28, 2009; remains missing after 17 years.
  • Over 1,000 activists, including the author, placed on a domestic anti‑terror watchlist, facing travel bans and arrests.
  • March 24, 2025 protests in Karachi led to arrests of human‑rights defenders after a Baloch militant train hijacking.
  • Thousands of enforced disappearances reported in Balochistan since 2000, with escalating security operations.
  • Pakistan receives international praise for diplomatic mediation while domestic human‑rights violations continue.
  • More than 100 Catholic clergy and parishioners marched from Nogales, Arizona to Sonora, Mexico.
  • The procession was timed to coincide with U.S. 250th anniversary commemorations.
  • Bishops urged the U.S. government to treat migrants with dignity and respect.
  • The event underscores ongoing concerns over migrant treatment at the US‑Mexico border.
  • Over several thousand people gathered at Shek Kong barracks for the open day.
  • Demonstrations featured helicopters and hands‑on military equipment displays.
  • Event commemorates the 29th anniversary of Hong Kong’s return to Chinese sovereignty.
  • Chadchart Sittipunt, dubbed the "Hulk," is campaigning for a second term as Bangkok governor.
  • The 60‑year‑old candidate is canvassing in working‑class canal‑side neighborhoods ahead of the Sunday vote.
  • Polls and on‑the‑ground observations suggest he is likely to win the election.
  • Bangkok will hold a gubernatorial election on Sunday, June 22
  • Candidates pledge more convenient transport options for residents
  • Campaign highlights a cleaner city to attract talent and investment

Tech/AI 17

+
  • Memory costs have surged 260% YoY, affecting consumer electronics companies
  • Smaller players face existential crisis due to limited supply and high prices
  • Tech giants like Apple and Microsoft have announced price hikes, while smaller companies struggle to adapt
  • Maximum penalty for non‑compliance rises to A$99 million, up from A$49.5 million.
  • More than 5 million under‑16 accounts have been deactivated or restricted since the ban began.
  • A study finds 85 % of Australians aged 12‑15 still use social media three months after the ban.
  • eSafety Commissioner can now compel platforms and third‑party providers to supply compliance evidence.
  • Five platforms under investigation: Meta (Instagram, Facebook), YouTube, Snapchat and TikTok.
  • Chinese cybersecurity firm 360 unveiled Tulongfeng (vulnerability detection) and Yitianzhen (cyber defence) tools.
  • Tokyo startup Sakana AI released the Fugu model, positioning it as a hedge against U.S. export controls.
  • The U.S. ban on Anthropic’s Mythos and Fable 5, issued two weeks ago, leaves a gap that Asian firms are filling.
  • Anthropic’s run‑rate revenue reached $47 billion in May 2026, underscoring the market impact of the export restrictions.
  • Trump administration permits Anthropic's Mythos 5 model for more than 100 U.S. agencies and companies
  • Non‑American employees at those organizations are cleared to access the model
  • The directive does not address the related Fable 5 model, which remains restricted
  • Commerce Secretary Howard Lutnick cited safeguards as justification for the limited rollout
+
  • AI sector projected to need over $5 trillion in new power infrastructure to support growth
  • Investor Kevin O'Leary backs Bitzero (NASDAQ: AIBZ) as a pioneer in AI‑focused energy solutions
  • Bitzero announced a financing round on May 5, positioning it to address AI’s biggest power bottleneck
  • Masayoshi Son says orbital data centers will take years to materialize and won't address immediate AI compute cost pressures
  • He estimates 80‑90% of SpaceX's launch market share is driven by Starlink, with the remainder dropping to 20‑40% without it
  • Critics argue satellite‑based data centers add engineering complexity and high costs, potentially boosting SpaceX launch demand but not solving near‑term compute constraints
  • NASA announced in May plans to send robotic landers, hopping drones and surface vehicles to the Moon
  • The lunar base will be powered by solar panels and compact nuclear reactors
  • Partnerships involve Intuitive Machines, Astrobotic, Blue Origin and SpaceX
  • Goal to land astronauts back on the Moon by 2029, before the current administration ends
  • Data centers are shifting to on-site fuel cells as grid capacity tightens.
  • Rystad Energy forecasts fuel‑cell revenues rising from $2.8 bn in 2025 to about $30 bn by 2030 (≈10× increase).
  • Order book now totals roughly 9 GW of fuel‑cell capacity, with contracts from Oracle, AEP, Equinix and Brookfield.
  • 65% of surveyed Singapore consumers say bots prevent genuine fans from attending events.
  • South Korea expanded anti‑scalping laws on Jan. 29, targeting automated ticket purchases.
  • Chinese regulators summoned seven platforms, including Alibaba’s Fliggy and Meituan, for ticket‑selling practices.
  • Live Nation settled a $9.9 million case with Washington, D.C. over deceptive pricing.
  • Taylor Swift Eras tour tickets ranged $49‑$450, while secondary‑market resale reached $800‑$20,000.
  • Rumors claim Meituan could slash up to 50% of product roles by end‑June
  • AI‑focused restructuring spreads across major Chinese tech companies, sparking worker anxiety
  • Meituan publicly refutes the layoff rumors, but internal morale remains low
  • ComfortDelGro launched free autonomous taxi trials on June 22 in Singapore's Punggol district
  • Public trials of driverless taxis are being expanded across the city-state
  • Singapore government is backing autonomous vehicle deployment to improve transport convenience
  • Kawasaki Heavy Industries teams with Airbus to adapt the Eurodrone for anti‑submarine warfare.
  • The joint project will integrate Kawasaki’s maritime surveillance systems onto the Eurodrone platform.
  • The drones will be pitched to Japan’s Ministry of Defense for future procurement.
  • 28 Japanese companies, including Mizuho, SMFG, NTT Data and NEC, will collaborate on the project.
  • The AI-driven chatbot will provide personalized investment recommendations for retail investors.
  • Development is slated to begin in July, targeting a launch later this year.
  • Instagram is trialing new access methods for the Your Algorithm menu, including pull‑down in the feed, swipe‑up from Reels, and buttons beneath each Reel.
  • The feature lets users specify topics they want more or less of, aiming to shift from a simple setting to a central part of the Instagram experience.
  • Meta's head Adam Mosseri says some tests may not launch, and users are urging the algorithm to prioritize content from people they follow.
  • Christou was diagnosed with aggressive non-Hodgkin’s lymphoma, a rare cancer affecting roughly 1 in 420,000 people
  • He consulted 12 specialists; 11 favored an intensive chemotherapy regimen with about 85% success versus 60% for a lighter option
  • AI model Claude analyzed PET scans and assigned a 90% probability to thymus rebound, preventing unnecessary radiotherapy
  • A March poll indicated that one‑third of U.S. adults now use AI chatbots for health information
  • The Correctional Services Department posted the video titled “Obsession: The Sugar-Coated Trap” on social media.
  • Four AI‑generated virtual K‑pop idols, including one named “Cannabis,” performed the anti‑drug song.
  • The video was removed twice after netizens claimed it resembled a promotion for illegal drugs.
  • Authorities cited the backlash as the reason for the withdrawal.
  • Hakuhodo DY Holdings plans to launch an advertising delivery service via a new firm, Ads for Humanity.
  • The service will require human verification using biometric technology to block AI bot impressions.
  • Users can earn points by watching ads through the new app.

Companies 27

+
  • SoftBank Group shares dropped more than 12% on Friday.
  • The slide was triggered by reports that OpenAI may postpone its market debut.
  • Tech stocks dragged the Nikkei down 4% and the KOSPI fell 6%.
+
  • Apple vice president Paul Meade departs to join OpenAI's hardware team.
  • Meade oversaw AI-powered smart glasses; the Vision Pro headset underperformed.
  • Apple aims to launch cheaper smart glasses next year to challenge Meta.
  • Departure follows John Ternus' pending promotion to CEO and hardware team reshuffle.
  • OpenAI is working with former Apple design chief Jony Ive on a new AI device.
+
  • Analyst sets $38 price target for PINS, implying about 83% upside from current price
  • Pinterest shares down 25% YTD and 41% over the past 12 months, but up 13% this quarter
  • Monthly active users rose 11% YoY to 631 million in Q1, supporting ad growth
  • Performance+ AI suite now accounts for 30% of lower‑funnel revenue and drives advertiser adoption
  • 19 analysts rate PINS as a buy, while 20 rate it as a hold, reflecting mixed sentiment
+
  • Williams‑Sonoma (WSM) upgraded to Buy, up ~34% in 2026, targeting affluent consumers
  • Kroger (KR) reaffirmed Buy with $85 price target, based on 16× FY2028 EPS and e‑commerce growth
  • Victoria's Secret (LNV) projected to hit 10% EBIT margin by FY2028, with double‑digit sales lift from store refreshes
  • Celsius Holdings (CELH) given Buy rating on strong consumption trends and expanded distribution via Alani Nu and PepsiCo
  • Jabil (JBL) noted secular growth in EV, healthcare, renewables and semiconductor equipment as upside catalysts
+
  • Greg Abel, born in Canada, became a U.S. citizen during an Iowa Cubs naturalization ceremony.
  • The ceremony added to 533 new citizens, the 18th annual event; over 5,000 have been naturalized at the ballpark in six years.
  • Abel, with an estimated net worth of about $1 billion, leads Berkshire Hathaway, a company valued at over $1 trillion.
  • The news revives talk of Berkshire potentially joining the Dow 30 despite its share price far exceeding the index median.
+
  • Enterprise mNAV dropped below 1, valuing the firm at less than its bitcoin reserves.
  • MSTR shares fell to about $82, an 85% decline from the November 2024 peak.
  • Bitcoin holdings are worth roughly $51.1 bn at $60,000 per BTC, versus enterprise value of $50.4 bn.
  • Issuing new equity would be dilutive because the share price is below the underlying asset value.
  • The discount mirrors closed‑end fund behavior, raising concerns over future capital raises.
+
  • GE Vernova hired 200 workers in 2023 and plans to add 300 more by year‑end
  • AI data centers now represent about 20% of the turbine order book, with orders booked through 2029‑2031
  • Turbine prices have jumped roughly 300% in three years, with a single unit costing over $250 million
  • Microsoft bought seven turbines (2.7 GW) and the company's stock rose nearly 60% in six months
+
  • Kohl's shares fell nearly 70% over the last five years
  • Shares have risen over 130% in the past 12 months
  • Latest quarter revenue hit $3 billion, topping estimates
  • Comparable sales showed the strongest growth in four years
  • CEO Michael Bender refocuses on value, coupons and proprietary brands
  • LVMH partners with Accor to relaunch the Orient Express luxury train for ultra‑high‑net‑worth travelers
  • The offering is aimed at the growing class of tech billionaires and startup founders
  • Bespoke itineraries and exclusive experiences are designed to differentiate from traditional luxury travel
  • Premium pricing is expected to generate additional revenue for both LVMH and Accor
  • China Eastern signs purchase for 25 A330neo jets valued at roughly $9.35 billion.
  • Deliveries are slated in batches from 2029 through 2033, with at least 10 older A330s to be retired.
  • The order follows a March deal for 101 A320neo aircraft worth about $15.8 billion, underscoring a push for international routes.
  • Financing will combine the airline's capital, bank loans and a bond issuance up to 2.8 billion yuan (~$412 million).
  • FTC completed antitrust review, granting approval for Musk to acquire Mesh Optical.
  • Mesh Optical raised $50 million Series A funding in February, led by Thrive Capital.
  • Founded by three former SpaceX engineers, the startup builds optical transceivers for fast data‑center communications.
  • Acquisition could improve efficiency of SpaceX's terrestrial and future space data centers.
  • Merdeka Gold Resources debuted on the Hong Kong Exchange on June 26, raising about $310 million.
  • Shares opened flat but closed 6.5% lower on the first trading day.
  • The loss‑making gold miner entered a robust Hong Kong capital market despite weaker gold prices.
  • Investor appetite remained strong, but the stock’s initial performance was bearish.
  • Daiichi Life becomes the first Japanese life insurer cleared by regulators to arrange LBO loans
  • The insurer will start offering leveraged buyout financing to meet rising M&A demand in Japan
  • Move signals expanding role of insurers in corporate debt markets amid growing deal activity
  • Julie Kim becomes Takeda's first female chief executive.
  • She will continue structural reforms launched by former CEO Christophe Weber.
  • Kim aims to use artificial intelligence to create leaner, more efficient operations.
  • Shareholder activism intensifies as Japan's AGM season peaks, with many firms facing criticism
  • Honda Motor reported a loss and issued an apology, underscoring earnings weakness
  • Ricoh and KDDI saw low director support, reflecting governance concerns
  • Honda starts manufacturing batteries for AI data centers at its Ohio facility originally built for EV batteries.
  • The shift follows a deep slump in EV demand after the plant’s completion with LG Energy Solution.
  • Honda says the move will keep the factory operating until electric‑vehicle sales recover.
  • Honda CEO Toshihiro Mibe states the collaboration with Nissan is "quite far along"
  • Shareholders express skepticism about the pending partnership
  • Renault, Nissan's major shareholder, may raise objections
  • Up to 2.00% APY for accounts with $5,000+ monthly direct deposits and $10,000 average daily balance
  • No monthly fees, no minimum balance, and unlimited ATM fee reimbursement for top tier
  • Tiered rates: 1.00% APY for $2,500‑$4,999 deposits, 0.25% APY for $1,000‑$2,499 deposits
  • Requires $25 opening deposit, membership, and offers early direct deposit up to two days early
  • Amble One priced at $25,000, targeting a niche luxury EV segment
  • Built by former Audi, Ford and Apple car team members, including designer Julian Hoenig
  • Street-legal stripped-down electric buggy aimed at coastal paths, private estates and resort tracks
  • Product unveiled from Lisbon, Portugal, exiting stealth mode today
  • Actor Wu Chun complained about missing luggage for three days despite numerous calls
  • Cathay Pacific issued a public apology and said it is actively tracking the luggage
  • The incident sparked a social‑media outcry against the airline
+
  • CFO Aaron Tachibana sold shares worth $675,488 in a recent insider transaction
  • The sale was disclosed in a Form 4 filing with the SEC
  • Insider selling may signal reduced confidence, potentially pressuring Personalis stock
  • Perpetua Resources Corp submitted a Form 4 filing on June 26.
  • The filing reports insider transactions as required by regulations.
  • No further details were provided in the brief.
  • Iran war pushes up long-haul air-fares, prompting travelers to stay within Asia
  • Ascott expects stronger intra-Asian tourism demand and plans to expand its serviced-apartment network
  • Japan identified as a key market for Ascott’s regional growth strategy
  • Global deliveries fell 46% to 6,520 vehicles in 2025.
  • Tariffs on Chinese-made EVs are prompting Lotus to consider a US-built plug‑in hybrid SUV.
  • A US plant is seen as a way to revive sales after the tariff impact.
  • Hyatt plans to open its first Alila-branded hotel in Japan in 2028
  • The Alila Sengokuhara Hakone property will feature 60 rooms
  • The opening is part of Hyatt's broader expansion, aiming to double its Japanese locations
  • Alila targets high-end travelers as a luxury offering
  • Saha Group announces partnership with Japan's SoftBank Corp.
  • Collaboration will deliver AI-powered digital solutions to corporate clients in Thailand
  • Move expands Saha's digital strategy beyond consumer goods into technology services
  • Japanese air conditioner maker Daikin announces plans for an India research and development base
  • The hub will focus on large‑scale air conditioning solutions, including for data centers
  • Goal is to strengthen Daikin's product competitiveness in emerging markets

Thai Markets 2

+
  • Thailand's pink economy, worth $4 trillion, could grow to $7 trillion in 5 years
  • LGBTQ+ consumers contribute to 1/3 of Gen Z purchasing power, influencing industries
  • Tourism, fintech, insurance, and healthcare drive pink economy growth in Thailand
  • Cannabis export volume reached 201,658 kg, valued at over 2.5 bn baht.
  • Exporters file 100‑200 Por Thor 32 forms monthly; digital filing will reduce processing time to 1‑2 days from 5‑7 days.
  • DTAM Next will connect to the Customs' National Single Window, automating paperwork and lowering forgery risk.

Other 43

  • Death toll rises to 1,430 after twin earthquakes.
  • Millions of Venezuelans lack sanitation and basic necessities.
  • US begins humanitarian aid flights, with C-17s landing at Simon Bolivar airport.
  • Interim leader Delcy Rodriguez says Venezuela is not alone in facing the crisis.
  • Twin earthquakes of magnitude 7.2 and 7.5 struck La Guaira on Wednesday
  • At least 1,430 people killed and more than 50,000 reported missing
  • Over 300 aftershocks have been recorded since the main shocks
  • Jose Maria Vargas sports arena now shelters displaced residents, with tents housing up to 50 people each
  • Interim leader Delcy Rodriguez declared a disaster zone and ordered a military deployment
  • A magnitude 4.8 quake was recorded at 19:20 GMT off Venezuela’s northern Aragua state.
  • The tremor follows Wednesday’s twin 7.2 and 7.5 quakes that killed at least 1,430 people and left 51,000 missing.
  • The latest quake struck about 70 km west of Caracas; no immediate damage reported.
  • Around 1,600 foreign rescue personnel have arrived to aid recovery efforts.
  • Over the past five years, more than 70% of US universities slipped in QS rankings.
  • Hong Kong and mainland Chinese universities climbed, with several entering the top 100.
  • QS attributes the shift to growing global competition and increased investment in Asian higher education.
  • The trend signals a diversification of academic excellence beyond traditional Western strongholds.
  • Two quakes measuring 7.2 and 7.5 magnitude struck Venezuela, leaving thousands unaccounted for.
  • Three days after the shocks, rescue efforts are hampered as authorities block access to La Guaira.
  • Officials announced Friday night that entry to the epicentre will require special permission.
  • DSI added money‑laundering and transnational crime charges to MP Chonnaput's case
  • Attorney General recommended expanding the case to include six additional suspects
  • Asset seizures total about 160 million baht across the network
  • Potential penalties include up to 7 years for secret association and up to 15 years for transnational crime
  • 72.6% of Thai children under two spend more than one hour daily on screens
  • ThaiHealth data shows average internet usage of 7h 54m per person per day
  • Deputy PM Songsak Thongsri tasked ThaiHealth to draft proposals to reduce child screen time and assess regulation
  • Experts warn excessive screen time harms cognitive development, mental health and exposes children to online threats
  • Coverage begins July 1 for eligible Medicare beneficiaries
  • Monthly cost capped at $50 for GLP‑1 weight‑loss medications
  • Patients advised to monitor side effects such as nausea and potential muscle loss
  • Eligibility limited to those meeting specific Medicare criteria (e.g., obesity or diabetes)
  • Policy expands access to drugs previously limited to private insurers
  • Rebalance your portfolio to match current risk tolerance
  • Review asset allocation across equities, bonds, and cash
  • Identify tax-efficient investment opportunities
  • Refresh financial goals for the second half of the year
  • HBO says about two‑thirds of "Heated Rivalry" viewers are women
  • TikTok hashtag #fujoshi has amassed over 900,000 videos
  • Nielsen reports nearly 70% of "Call Me By Your Name" viewers are women
  • Amazon's "Red, White & Blue" and Lionsgate's "The Perks of Being A Wallflower" each have around 60% female audiences
  • Female readers dominate yaoi ebook rankings on Scribd's Everand platform
  • Paris recorded a June high of 40.9°C on Wednesday, the hottest day in nearly 80 years.
  • France's overall heatwave marked its hottest day since records began, prompting city residents to seek relief.
  • Hotel occupancy surged as residents without air‑conditioning look for cooled rooms and pool access.
  • Scheme will cover all 21 prefecture-level cities in Guangdong by the first quarter of next year
  • Around 15,000 motorists have applied, about three times the daily quota
  • Expansion aims to meet rising leisure travel demand from mainland drivers
  • Prediction markets operate in a legal grey area under Hong Kong's gambling regulations.
  • A ban could restrict platform access but would face practical challenges in evidence collection and prosecution.
  • Experts warn the platforms may enable market manipulation and pose consumer protection concerns.
  • A magnitude 5.6 earthquake struck near Mount Fuji on Friday night
  • Scientists say the epicenter was far from the volcano's base
  • Experts assess a low chance of triggering a volcanic eruption
  • The inaugural Hong Kong International Film Festival opened on June 27, 1977.
  • A cocktail party at City Hall marked the festival's opening ceremony.
  • The event was described as less glamorous than Cannes, lacking topless models and starlets.
  • England defeated Panama 2-0, securing first place in Group L with 7 points.
  • Jude Bellingham scored and assisted; Harry Kane netted his 11th World Cup goal, becoming England's all‑time World Cup scorer.
  • England will face one of the best third‑placed teams in the Round of 32.
  • Shojae Khalilzadeh's late goal was ruled offside after VAR review in second-half stoppage time.
  • The game finished 1-1, leaving Iran third in Group G with 3 points.
  • Egypt and Belgium each have five points, but Belgium tops the group on goal difference (+4 vs +2).
  • Egypt will meet Australia in the round of 32 on July 3 in Arlington, Texas.
  • US and Mexico jointly inaugurated a sterile insect technique facility in Chiapas.
  • The plant will mass‑produce sterile screwworm flies to curb cross‑border infestations.
  • Aim is to protect livestock and reduce economic losses from screwworm damage.
  • Hooker Peato Mauvaka scored two tries as Toulouse beat Montpellier 28-20
  • The win gives Toulouse a record‑equalling fourth straight Top 14 championship
  • The final was halted for a 12‑minute thunderstorm delay around the hour mark
  • Antoine Dupont added a try and will join France's Nations Championship soon
  • Group K clash between Colombia and Portugal at Hard Rock Stadium, Miami
  • Kickoff scheduled for 7:30 pm local time (23:30 GMT) on 27 June 2026
  • Both teams aim to secure top spot in the group to advance to knockout stage
  • Superfan Michel Kuka Mboladinga was denied a US visa and will miss DR Congo's clash with Uzbekistan.
  • Mboladinga, famed for his motionless pose honoring Patrice Lumumba, rose to prominence at the Africa Cup of Nations.
  • The visa denial follows DR Congo travel restrictions tied to an Ebola outbreak with 1,203 cases and 321 deaths.
  • Social Security says the individual was overpaid for seven years based on reported earnings.
  • The person asserts the agency mistakenly recorded $43,000 earned in 2020 as income for 2019.
  • If the error is confirmed, benefits could be reduced or reclaimed.
  • South Africa meets Canada in the last‑32 match in Los Angeles on Sunday
  • Bafana qualified after a 1‑0 win over South Korea, finishing second in Group A
  • Coach Hugo Broos, in his 38‑year coaching career, stresses confidence despite early criticism
  • Canada sit 22 places higher than South Africa in the FIFA world rankings
  • A win would pit South Africa against the Netherlands or Morocco in the round of 16
  • Severe flooding reported across parts of Taiwan
  • Torrential rain leads to transport disruptions in Japan
  • Homes submerged, property damaged; flood, landslide and evacuation warnings issued
  • Bosnia and Herzegovina reached the World Cup knockout stage for the first time after beating Qatar on June 24
  • Fans gathered in cities across the US, Canada, Serbia and Croatia, displaying both the official flag and white flags with golden lilies
  • The squad, featuring many players of refugee background, highlighted young scorer Kerim Alajbegović with a notable goal
  • Celebrations were seen as a unifying moment beyond ethnic politics and the legacy of the Dayton Accords
  • Wimbledon prize pool rose 20% to £64.2 million, still below the 16% of revenue players seek.
  • Winners will earn £3.6 million, up from £3 million; first‑round losers to receive £80,000, up from £66,000.
  • Players, led by world No.1 Sabalenka, demand a larger share of the £70 million target prize fund.
  • Bodycam footage shows a van driver proposing to transport an armed officer while pursuing a suspect
  • Kent Police publicly commended the driver for his “selfless actions”
  • The video, released on 27 June 2026, quickly spread across social media platforms
  • Purchased a two‑floor house in Abruzzo for €11,500 (≈ $13,100) and invested about €15,000 (≈ $17,100) in renovations
  • Lower living costs let them own the home outright without a mortgage, contrasting with U.S. housing expenses
  • Prioritize slower pace, strong community ties, and flexible lifestyle over higher earnings in the United States
  • 11-year-old boy died after showing heatstroke symptoms during a 400‑metre training run.
  • Police were alerted at 5:11 pm; the boy was taken unconscious to Tseung Kwan O Hospital and pronounced dead at 6:50 pm.
  • The incident occurred at Tseung Kwan O Sports Ground in Hong Kong.
  • Fossil exhibits the same curved claw as velociraptors found in China.
  • Findings suggest a common ancestor from the era when continents were joined as a supercontinent.
  • Study published in the Journal of Vertebrate Paleontology, highlighting prehistoric biogeographic links.
  • 19 people arrested in Hong Kong as part of a major illegal bookmaking crackdown.
  • Coaches Lo Kwan-yee (Supreme) and Poon Man-chun (Kitchee youth teams) identified among the suspects.
  • Arrests linked to alleged match-fixing and betting handling activities.
  • Pilot of two‑seater light sport aircraft confirmed dead after hitting Citic Tower.
  • Crash occurred at 5:55 pm on Friday at Beijing's tallest skyscraper.
  • Thirteen people injured; authorities say investigation is ongoing.
  • 36-year-old Xu Junyun cleans, repairs and waterproofs high-rise walls in Hefei, Anhui
  • She works suspended hundreds of metres in the air, secured by two safety ropes
  • Earnings support treatment for her son Xiaoyu, who has cerebral palsy
  • The story has attracted widespread admiration on Chinese social media
  • The November fire claimed 168 lives and displaced almost 5,000 residents in Hong Kong.
  • Families of victims, like the Hung family, sought traditional burials rather than cremation.
  • The NGO offers dignified farewells, burial arrangements, and aid to affected families.
  • 17-year-old Filipino teen drowned after falling from Chau Tsai Bridge on Peng Chau.
  • Incident occurred at approximately 7:18 pm on Friday evening.
  • Victim held a Hong Kong ID card and was with two friends on the bridge railings.
  • Minister Chris Sun said the care order may be reduced if professional assessments find it in Danny's best interests
  • Two-month-old Danny was hospitalized with fever and will remain there before returning to a care home
  • Government pledged to provide proper guardianship throughout the care order period
  • Dr Thein Swee Lay is the only Malaysian scientist to win the Breakthrough Prize
  • She helped crack a code in gene‑therapy research
  • Living in the US, she says she still misses authentic popiah from Kuantan
  • The interview was published in This Week in Asia
  • Judge Raymond Sears found the government breached a 35‑year‑old promise to let refugees stay at Tseung Kwan O indefinitely.
  • The ruling, delivered on 27 June 1996, orders the government to pay damages to Rennie’s Mill residents.
  • The case stems from a promise made in 1961 regarding the Tiu Keng Leng (Rennie’s Mill) settlement.
  • The decision is hailed as a landmark victory for the affected residents’ rights.
  • Traditional Chinese view holds that speaking during meals can negatively affect health
  • The article explores other common Chinese health superstitions and their origins
  • Author reflects on personal dinner-table experiences while traveling in Italy
  • Zhu Yunchang, 75, from Jiangsu province, started live‑streaming as a beauty influencer to raise funds.
  • He is raising money for his 9‑year‑old grandson's rare disease treatment, costing roughly 1.4 million yuan.
  • Zhu streams nightly until midnight, with his wife staying up to keep him company.
  • Trump presented a rendering of a special US passport to mark the nation's 250th independence anniversary
  • Design shows his stern-faced likeness, signature, and Declaration of Independence text in the background
  • He shared the mock-up on Truth Social, describing it as "Welcome, but be good!"
  • Japan's cat population reached 9 million in October 2015, overtaking dogs
  • Cat cafés have become popular venues for families and tourists in Tokyo
  • These cafés are seen as beneficial for both cats and visitors
  • Pickleball courts set up in Chennai neighborhoods
  • Games played on areas smaller than a tennis court
  • Players use lightweight plastic paddles
  • Sport seen as an alternative to cricket in the region