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cautious optimism driven by Asian economic growth and technological advancements

  1. NATO summit to prioritize Ukraine and Middle East, sidelining Indo‑Pacific agenda
  2. OPEC+ agrees to raise output by 188,000 bpd from August as Hormuz exports recover · 2 sources
  3. Partial reopening of Hormuz eases oil prices but risks and bottlenecks linger for Asia
  4. Oil surplus reduces Iran's leverage in Strait of Hormuz negotiations
  5. Banks expand stablecoin integration, focusing on how to use USDC and euro tokens

Markets 12

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  • U.S. equity index futures rose on Sunday
  • Investors aim to build on last week’s gains
  • Positive sentiment points to a bullish outlook
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  • S&P 500 futures up 0.4%
  • Nasdaq-100 futures advance 1.3%
  • Dow futures slip 0.1%
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  • Light Thursday trading ahead of the July 4 holiday amplified volatility, pulling major semiconductor stocks down 3‑5%
  • A speculative report that Anthropic is in talks with Samsung for a custom AI chip sparked sell‑offs in Micron (MU), Seagate (STX), Western Digital (WDC), SanDisk (SNDK), AMD, Nvidia (NVDA) and Intel (INTC)
  • Analysts highlight the absence of details on chip type or timeline, suggesting the market overreacted to the rumor
  • The author advises focusing on Intel as a relative winner, citing its CPU and foundry advantages
  • The episode mirrors a January panic that hit cybersecurity stocks after AI‑related concerns
  • ERCOT projects Texas electricity demand could approach 368 GW by 2032
  • AI data center construction accelerates in Abilene, Amarillo and Midland with new turbine halls and pipelines
  • Five local energy companies are positioned to benefit from the power surge
  • Capital is already deployed, suggesting near‑term revenue growth for the firms
  • Hybrid vehicle sales gain market share as consumer preference shifts toward lower-priced, functional models
  • Demand for electric vehicles shows signs of weakening in the United States
  • Price advantage of hybrids over EVs drives increased buyer interest
  • Industry analysts view hybrids as the new growth driver in the auto sector
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  • July historically sees weaker momentum trades and heightened volatility
  • This year's momentum trade is already showing early signs of strain
  • A rapid unwind could trigger sharp equity market moves if momentum fades this month
  • Kalshi lost a Nevada Supreme Court bid to block state restrictions on its platform
  • Michigan and Ohio courts issued restraining orders and penalties against Kalshi's sports betting activities
  • Minnesota and New Jersey cases are moving toward the U.S. Supreme Court, with Justice Alito granting an extension to Aug. 4, 2026
  • North Carolina legislature proposes a 6% tax on prediction market revenue
  • CFTC argues prediction contracts fall under federal jurisdiction, supporting Kalshi's position
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  • Tadawul All Share Index closed 0.26% lower at the end of the session
  • Broad market breadth showed more decliners than gainers
  • No major sector or earnings catalyst reported
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  • Goldman upgrades Tradeweb (TW) to Buy despite >4% drop in 2026
  • O'Reilly (ORLY) down 1% in 2026, seen as undervalued with strong Q2 comps
  • NetEase (NTES) down >7% YTD, praised for margin expansion and non‑AI positioning
  • Liftoff Mobile highlighted for AI‑driven ad‑tech growth themes
  • All four stocks considered undervalued with upside potential
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  • Spotify rated buy with $685 target, about 41% upside from current price
  • Visa rated buy with $410 target, implying roughly 13% upside
  • Walmart rated buy with $144 target, indicating near 29% upside
  • S&P 500 up ~15% YTD and Nasdaq up ~21.4% in Q2 2026, setting backdrop for picks
  • Reduced drinking trends are weighing on liquor company stock prices
  • The sector has seen a notable sell‑off, with shares down several percent
  • Analysts suggest the drop may be overstated, hinting at possible upside

Macro/Economy 9

  • TDRI study urges Thailand to prioritize creation of good jobs over attracting foreign investment
  • Outdated low‑wage FDI model no longer gives Thailand a comparative advantage versus regional rivals
  • EV hub and 100‑MW data centre projects show high capital (e.g., 33 billion baht) but limited domestic value‑add and employment (about 50 staff)
  • Good jobs defined as stable, well‑paying, skill‑building roles essential for productivity and income growth
  • Major tech firms announced hiring freezes or reductions, citing higher operating costs
  • Venture capital funding slowed, reducing demand for new talent in startups
  • Persistent talent shortage forces companies to prioritize senior hires over entry‑level roles
  • Broader macro‑economic uncertainty dampens confidence in expanding tech workforces
  • Khosla, an early OpenAI investor, calls the U.S. tax system broken and says he would support higher tax rates for the wealthy
  • He links Silicon Valley's tilt toward Trump in recent elections to concerns over corporate and personal tax burdens
  • Khosla predicts AI will dramatically boost productivity, reshape labor markets, and drive long‑term economic growth
  • Government will channel extra tax revenue from the semiconductor boom into a new "Future Response Fund"
  • Fund will back three "mega projects" with hundreds of billions of dollars in planned investments from Samsung, SK Hynix and state agencies
  • Aim is to support younger generations, address K-shaped inequality and finance major national investment projects
  • Strategy outlines a 30-year plan linking semiconductors, AI, data centres and physical AI to boost growth outside Seoul
  • JD.com forecasts automation could replace up to 700,000 delivery workers in China
  • Hyundai employees threaten strike over rollout of robots in South Korean plants
  • Analysts warn the move may trigger a ‘China shock 3.0’ driven by AI‑powered robot exports
  • The shift echoes earlier China shocks that reshaped global manufacturing and trade
  • Over 50% of penthouse owners in about 300 central Tokyo and Osaka high‑rise buildings bought their units with cash
  • Cash‑only purchases are driven by wealthy domestic and foreign buyers, pushing up luxury prices
  • The cash‑heavy trend signals limited mortgage financing and sustained demand in Japan’s premium residential sector
  • Average U.S. bachelorette party cost reached $1,300 in 2025, nearly double the 2019 level
  • Share of parties held in the bride's hometown dropped from 40% in 2019 to under 25%
  • Micro‑bachelorette events are emerging, with a private dinner costing about $1,100 for 12 guests
  • One‑night Chicago party examples cost $100 per person for tea and dinner, plus optional $25 spin class fee
  • Union of foreign domestic helpers requests monthly food allowance of HK$2,770 (≈US$350).
  • Current stipend averages HK$13.30 per meal, considered insufficient as inflation rises.
  • Union also demands minimum wage increase to HK$6,670 per month and better contract terms.
  • Labour Department officials met union representatives following a protest.
  • Bob Lee, North America president of LG Energy Solution, says Asian representation in the industrial sector remains low.
  • Lee previously led the L-H Battery joint venture between LG Energy Solution and Honda and held CEO roles at Continental AG North America and SK Continental Emotion.
  • His career also includes co-founding tech firms and consulting for Boston Consulting Group.

Central Banks 1

  • HKMA chief Eddie Yue cautions that a rapid AI hype could lead to a bubble burst.
  • Quantum computers are flagged as a future threat to encrypted financial systems.
  • The regulator will prioritize expanding the international use of the Chinese yuan in coming years.

Energy/Oil 6

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  • OPEC+ will increase quotas by 188,000 barrels per day starting in August
  • Seven core members have added nearly 800,000 bpd since April, leaving about 379,000 bpd of the 2023 cut still to unwind
  • Brent crude traded near $72 per barrel, down from peaks above $120
  • OPEC+ output fell to 33.13 million bpd in May from 42.77 million bpd in February but is beginning to recover
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  • US‑Iran MOU permits limited traffic resumption for an initial 60‑day period
  • Around 1,200 vessels worth ~$125 bn of goods remain stranded, creating weeks‑to‑months of backlog
  • Hormuz handles ~20 million barrels per day; alternative routes like Saudi East‑West pipeline and Fujairah corridor fall short
  • Asian refiners diversify supplies (e.g., India shifting to Russian crude) but face higher freight costs and longer routes
  • Persistent security and sanction uncertainties keep insurance premiums high, limiting full oil‑shipment recovery
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  • Global crude inventories have surged, creating a sudden supply glut
  • The excess supply is expected to push Brent and WTI prices lower in the near term
  • Iran's ability to leverage the Strait of Hormuz diminishes as oil becomes cheaper and more abundant
  • OPEC may face pressure to adjust output policies amid the oversupply
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  • Iran is exploring potential crude oil shipments to Japan despite existing sanctions.
  • Japanese buyers are asking for a longer U.S. sanctions waiver to facilitate purchases.
  • The current waiver is set to expire soon, and its extension could affect regional oil flows.
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  • Wood Mackenzie projects Henry Hub prices to increase through 2035
  • Prices likely to move above the $2‑$4 per MMBtu range that held to 2025
  • AI data center expansion and expanding U.S. LNG export capacity drive demand
  • Supply growth expected to slow after a decade of surplus production
  • India ranks as the world’s third‑largest oil importer and second‑largest LPG buyer.
  • Strait of Hormuz restrictions amid the US‑Iran war caused major supply shocks for India.
  • The oil minister announced plans to expand domestic crude exploration to cut import dependence.

Gold/Metals 1

  • China remains dominant in rare earth mining, refining and exports.
  • Researchers say China lacks leadership in key core technologies for rare earths.
  • The study shifts focus from resource reserves to technology capability gaps.

Crypto 12

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  • Standard Chartered and BNY announced services to mint, redeem and custody Circle's USDC for institutional clients
  • Chainalysis projects stablecoin settlement volumes could reach $1 quadrillion annually by 2030
  • European banks are coordinating to launch a euro‑denominated stablecoin to keep settlement activity out of dollar‑backed tokens
  • USDC now leads on‑chain activity, overtaking Tether as banks adopt the token
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  • Dubai tops the ranking of Asian crypto hubs according to recent data
  • India's regulator orders banks to sever ties with crypto services, isolating them from the sector
  • Japan's SBI Crypto shuts down the world’s 12th‑largest Bitcoin mining pool
  • Russia moves ahead with a digital ruble pilot despite EU sanctions
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  • Nearly 1 million accounts (988,905) have lost money, totaling $3.8 billion as of June end
  • $TRUMP token fell to $1.69, down about 98% from its $75.35 peak
  • Two‑thirds of $TRUMP buyers incurred losses
  • President Trump earned $636 million from the token, roughly half of his $1.4 billion crypto income last year
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  • The Clarity Act remains unsigned and must clear Congress before the July midterm window.
  • Senate needs only a few days to invoke cloture and secure the 60 votes required for passage.
  • President Trump's 2025 filing shows >$1.4 billion from crypto and >$100 million in crypto holdings.
  • Democrats, led by Sen. Warren, demand ethics rules barring senior officials from profiting on crypto.
  • House procedural gridlock and pending budget reconciliation add uncertainty to the bill’s timeline.
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  • Bitcoin price rose to around $63,500, its highest in nearly two weeks.
  • The rally came over the weekend, closing near that level for the week.
  • A trader warned that Monday could see a sharp decline, calling it "absolutely terrible".
  • Market sentiment remains mixed as price gains meet cautionary outlook.
  • U.S.-linked wallets traded about $571 million in Polymarket political markets in the past 12 months, the highest of any country.
  • 46% of U.S. volume was on geopolitics versus 36% platform‑wide; election bets accounted for only 16% of U.S. activity.
  • The largest single U.S. market was a $20.8 million bet on a novelty event, and five of the top twelve U.S. markets involved the Iran war.
  • U.S. traders backed winners 81.9% of the time, only slightly above the overall 80.3% success rate.
  • Yield‑bearing stablecoins surged ~300% in 2023 and are projected to exceed $50 billion in assets by 2026 (21Shares forecast).
  • Collateral acceptance, not APY, will decide which tokens are usable for margin, lending and treasury functions.
  • The GENIUS Act’s implementing rules are due July 18, with full effect expected by late 2026/early 2027.
  • Lack of standardized pricing and cross‑venue mobility could leave new stablecoin supply as stranded collateral despite high yields.
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  • Binance recorded $1.23 billion net outflow in the week, up 207% from the previous week
  • Ethereum withdrawals surged to a three‑year high, fueling the outflow increase
  • Weekly outflows tripled versus the prior week, signaling heightened investor redemptions
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  • Ethereum Foundation aims to improve privacy and scalability with a new virtual machine
  • LeanISA and RISC‑V are highlighted as the leading candidates for the VM architecture
  • The plan is part of the broader "Lean Ethereum" roadmap announced by Vitalik Buterin
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  • Moonbeam will move its Polkadot parachain assets to Base by July 31
  • The platform plans to introduce an AI agent framework, timeline not disclosed
  • GLMR token holders are advised to bridge their tokens before the deadline
  • South Africa's tax authority released draft guidance on crypto asset taxation.
  • Guidance clarifies application of existing income tax and capital gains tax rules.
  • Public consultation period runs until Aug. 31.
  • Proposal seeks to use current tax framework rather than introduce new legislation.
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  • Portnoy bought Bitcoin at approximately $100,000 per coin
  • Bitcoin has fallen to about $63,000, roughly a 50% decline from its peak
  • He announced he will hold his Bitcoin position until it reaches zero
  • Portnoy cites repeated timing errors, selling before rallies and buying before drops

Geopolitics 38

  • NATO's 32-member summit in Istanbul will centre on Ukraine war and Middle East tensions.
  • Discussions on Indo‑Pacific security cooperation are expected to be marginal.
  • Washington will urge European allies to increase defence spending amid the focus on other regions.
  • NATO leaders will meet in Turkey starting July 7
  • First NATO summit hosted by Turkey in 22 years
  • Agenda focuses on alliance unity and U.S. policy shifts
  • Turkey seeks to cement its strategic standing within NATO
  • Trump urges NATO members to raise defence spending to the alliance's 2% of GDP target.
  • He warns the US may reconsider its NATO commitment if allies do not increase contributions.
  • NATO Secretary‑General Jens Stoltenberg counters with diplomatic flattery to keep the US engaged.
  • The dispute adds uncertainty ahead of the NATO summit in Turkey.
  • President Trump will meet Ukrainian President Volodymyr Zelensky on Wednesday at the NATO summit in Ankara.
  • He will also hold talks with Syrian President Ahmad al-Sharaa during the same summit.
  • Kyiv hopes the meeting will refocus U.S. attention on Russia's war in Ukraine.
  • Three of Ali Khamenei's sons (Mostafa, Meysam, Masoud) appeared publicly at the funeral.
  • Mojtaba Khamenei, the designated successor, was absent, reportedly due to Israeli threats.
  • Tehran crowds surged, with the metro reporting about 7 million passenger journeys over two days.
  • Chants demanding revenge against the US and Israel were heard throughout the mourning ceremonies.
  • Processions are planned across Iran and Shia holy sites in Iraq, including Karbala and Najaf.
  • Ukrainian officials confirm a missile strike on the capital Kyiv.
  • No casualty or damage details have been released yet.
  • The attack comes amid ongoing hostilities in the region.
  • Israeli PM Benjamin Netanyahu claims Christian villages in southern Lebanon have asked to be annexed by Israel.
  • The villages seek protection from Hezbollah militants amid ongoing cross-border hostilities.
  • Hezbollah launched rockets into Israel on March 2, prompting Israeli air strikes and a ground incursion in southern Lebanon.
  • Vice President Sara Duterte will face an impeachment trial in the Senate.
  • Senate members are divided, with factions both supporting and opposing the impeachment.
  • The proceeding marks the first impeachment of a sitting vice president in the Philippines.
  • June 24 earthquakes measured 7.2 and 7.5 magnitude, killing 3,342 people
  • 16,470 injured and 17,345 left homeless after the quakes
  • Interim President Delcy Rodriguez vowed there will be no social unrest, stressing solidarity
  • Opposition leader Maria Corina Machado called for new elections and highlighted US ties
  • The United States continues to back Rodriguez despite criticism of disaster response
  • Omoda & Jaecoo warns ongoing Middle East hostilities could keep semiconductor and helium shortages high, pushing auto production costs up
  • Attacks on Qatar's Ras Laffan plant removed about one-third of global helium supply, a key input for chips used by Thailand's car makers
  • Company expects to sell roughly 500 units of the new Jaecoo 6T REEV per month, while total monthly sales stay at 3,000‑3,500 vehicles
  • A 14‑point US‑Iran memorandum announced on June 17 faces cease‑fire violations, adding uncertainty to the Strait of Hormuz
  • A four‑month‑old Palestinian boy died after an Israeli checkpoint near Ramallah delayed his transfer for over an hour.
  • Israeli forces shot dead a 16‑year‑old boy in the Qalandiya refugee camp; two 14‑year‑olds were wounded.
  • Since October 2023, at least 1,087 Palestinians have been killed in the West Bank, according to the Palestinian Health Ministry.
  • Gaza’s overall death toll from the war since October 2023 is about 73,090, with 173,550 injured.
  • The United States marks its 250th anniversary while reassessing its foreign policy stance.
  • Wu argues that the 'America first' approach could unintentionally accelerate China's global influence.
  • Shifts in US policy are expected to reshape the bilateral relationship and broader geopolitical dynamics.
  • More than 100 protesters were arrested during anti‑NATO demonstrations in Istanbul and other Turkish cities.
  • Leftist groups organized the protests to oppose Turkey's NATO membership and recent defense agreements.
  • Authorities said the detentions were necessary for public order, marking the largest crackdown on anti‑NATO actions in recent months.
  • Conservative candidates secured the presidency in Peru and Colombia in the past month.
  • These wins add to a series of right-leaning victories across Latin America over the last three years.
  • New leaders echo U.S. President Trump's rhetoric on crime and migration, suggesting a possible regional alliance.
  • Russia claims Kyiv refused a six‑hour ceasefire proposed for Monday to allow body handover in Kostiantynivka
  • Moscow set a response deadline of 0900 GMT Sunday; Ukraine has not confirmed acceptance
  • Ukraine denies Russian assertion that Kostiantynivka has fallen, saying the city remains under its control
  • A Ukrainian strike on Russian‑occupied Crimea resulted in one death and two injuries
  • Palestinians rallied outside Gaza's Al‑Shifa Medical Complex demanding evacuation for patients.
  • Protesters call on Israel to lift travel restrictions for urgent medical treatment.
  • Gaza health authorities report more than 20,000 patients and wounded awaiting evacuation.
  • Crossings at Rafah remain heavily throttled, limiting movement out of Gaza.
  • President Abdel‑Fattah el‑Sisi opened the "Octagon", touted as the largest military complex globally
  • The complex includes eight eight‑sided buildings covering roughly 90 sq km (34.7 sq mi), about the size of Lisbon
  • The Octagon replaces the U.S. Pentagon as the biggest defense headquarters by area
  • El‑Sisi appeared in military uniform, a rare public display during the ceremony
  • Andy Burnham likely to become UK Prime Minister in July
  • Burnham's energy policy plans unclear, but expected to impact UK energy sector
  • Shift in leadership may influence UK's energy transition and policy decisions
  • Yemeni government reports Houthis launched surprise offensive on army barracks in southern Hodeidah
  • Intensified fighting across western Yemen resulted in 50 Houthi fighters killed
  • Both sides seek to regain territory and strengthen control over the strategic Red Sea coast
  • Funeral uses black/red colors, clenched‑fist image and slogans like "Rise for God" to portray martyrdom and call for retaliation
  • Procession route links Qom, Najaf, Karbala and Mashhad, emphasizing transnational Shia authority
  • Regional allies Hezbollah, Hamas, Islamic Jihad and Houthis attend, reinforcing Iran's "Axis of Resistance"
  • Khamenei was killed in a US‑Israeli airstrike on Feb 28; his son Mojtaba assumed leadership in March but remains unseen
  • A cargo vessel triggered a distress alert after being attacked 30 nautical miles southwest of Al Hudaydah, Yemen.
  • The incident occurs amid a fragile ceasefire between the United States and Iran and ongoing Houthi attacks in the Red Sea.
  • Saudi Arabia has shipped roughly 34 million barrels of oil through the Strait of Hormuz since June 17, more than double the prior two‑week volume.
  • Benchmark Brent crude prices have fallen about 39% from their March highs.
  • Defence Minister Boris Pistorius said the federal government is reviewing restricting classified information to state ministries led by the AfD.
  • The AfD could win an absolute majority in Saxony-Anhalt's September state election, potentially forming its first state government.
  • The move would address concerns over the AfD's far‑right stance and alleged close ties to Moscow.
  • UAE, the most hawkish GCC member, is holding unprecedented talks with Iran.
  • US Vice President J.D. Vance says Iran is speaking differently than in the past.
  • Vance suggests Gulf rivals could adopt an ASEAN‑style peace framework.
  • Former Speaker Nancy Pelosi, now speaker emerita, backs San Francisco supervisor Connie Chan for her congressional seat
  • Chan, a 47‑year‑old progressive of Chinese ethnicity, could become a focal point in US‑China relations if elected
  • Analysts suggest the endorsement may open marginal diplomatic channels despite the election's domestic focus
  • Russian cruiser Varyag and submarine Ufa docked in Qingdao on Sunday
  • Varyag is a Slava-class guided‑missile cruiser, dubbed a ‘carrier‑killer’
  • Chinese PLA Northern Theatre Command hosted a welcome ceremony for the vessels
  • The ships will join the annual Joint Sea maritime exercises starting Monday
  • Supreme Leader Mojtaba Khamenei reiterates a positive stance toward China.
  • Tehran may levy service fees on vessels transiting the Strait of Hormuz, but China could receive special treatment.
  • Remarks were delivered at a security forum in Beijing, underscoring ongoing Iran-China diplomatic ties.
  • Trump urged Congress to tighten voting rules, limiting mail ballots and requiring citizenship proof
  • Speech lasted under 40 minutes after a two‑hour storm delay; temperatures hit 103 °F (39 °C)
  • Freedom 250 fair showcased conservative groups and defense contractors; many Democratic states declined participation
  • Reuters/Ipsos poll: 75% of Democrats and 50% of Republicans say the anniversary events have become too political
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  • Doha negotiations ended without an agreement to release frozen Iranian funds.
  • Iran has not begun demining the strait, and the US has not fulfilled the June 17 MOU on fund release.
  • Continued threats to shipping keep the Strait of Hormuz uncertain, risking disruption of global oil exports.
  • Poet at Ayatollah Khamenei's funeral publicly demanded Trump be killed
  • Crowd of hundreds of thousands gathered in Tehran for the funeral
  • Posters and graffiti also called for the killing of Israeli Prime Minister Netanyahu
  • Iran continues diplomatic negotiations with the United States despite hardline rhetoric
  • ASEAN military delegation toured contested frontier in Thailand and Cambodia in late June
  • Both Bangkok and Phnom Penh accuse each other of ceasefire violations since deadly 2023 clashes
  • The 2023 fighting left over 100 military personnel dead and heightened bilateral tensions
  • Japanese drone association chief calls for regulatory harmonization with Taiwan
  • Japan's current rules limit defense cooperation involving drones
  • Alignment viewed as essential to match growing business links between the two nations
  • Court freed 19 detainees; 2 under house arrest, 12 must report to police, 5 face no charges
  • Protests against a Jared Kushner-linked coastal resort have expanded to broader anti‑government rallies, drawing tens of thousands in Tirana
  • Police reported 15 injuries in recent clashes, while 25 demonstrators were detained
  • The United States commemorates 250 years of independence on July 4, 2026.
  • Chris Hedges notes major achievements such as civil‑rights progress alongside persistent contradictions like systemic racism and ongoing military engagements.
  • The commentary questions whether the nation has lived up to the Declaration of Independence's ideals of liberty and equality.
  • Interior Secretary Doug Burgum stated the July 4 Patriot Front march in Washington was covered by free speech protections.
  • Hundreds of masked Patriot Front members participated in the Independence Day rally.
  • Burgum emphasized he does not agree with the group's ideology but noted they committed no illegal acts.
  • Florida Rep. Randy Fine stated there is "no such thing as Palestinian" on The Next Generation show
  • Fine's remarks were criticized as Islamophobic and reflecting strong pro‑Israel advocacy
  • The comment adds to ongoing political controversy surrounding US discourse on Middle‑East issues
  • Zhejiang provincial propaganda office posted online warning Chinese fans against praising Japan's World Cup performance.
  • The post said support for foreign teams should have “boundaries” and not be used to denigrate China's squad.
  • The criticism reflects rising nationalist sentiment amid Japan's success in the tournament.
  • US Vice President JD Vance criticises UK leadership, saying it has "failed … for a long time"
  • Vance urges the next British prime minister to implement "structural change" to address political instability
  • He notes frequent government changes, citing PM Keir Starmer's resignation after just two years in office
  • Wang Yi met Swedish Prime Minister Ulf Kristersson in Stockholm, calling for renewed trust between China and Sweden
  • He highlighted Sweden as the first Western nation to establish diplomatic relations with China, noting its strategic foresight
  • The minister urged both sides to cultivate a "correct perception" of each other amid recent frictions

Tech/AI 11

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  • Big tech firms estimate $3 trillion of investment needed to meet future electricity demand
  • AI workloads and data centers are pushing power consumption beyond current grid capacity
  • Apple, Google, Amazon and Microsoft are seeking new power sources and renewable projects to close the gap
  • AI-optimized servers (GPUs) are the largest capex item and face tight supply, impacting timelines and costs
  • Electricity availability and pricing are the primary long‑term cost driver, outweighing land, construction, water and cooling expenses
  • Investors should prioritize regions with reliable, affordable power and clean energy to secure sustainable returns
  • Decisions must be based on real compute demand rather than hype to avoid overcapacity
  • JAXA's Hayabusa2 probe approached asteroid Torifune at a distance of about 800 m (0.5 mi).
  • The mission tests technology for deflecting potentially hazardous near‑Earth objects.
  • The test follows NASA's recent kinetic‑impact experiment on asteroid Dimorphos.
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  • Cambricon (SHA) rated 'outperform' with a price target of 2,060 yuan, >50% above Friday's close
  • Biren Tech (HK) rated 'outperform' with a price target of HK$140, more than double its Friday close
  • Iluvatar CoreX (HK) and MetaX (SHA) named as additional favorites, while Hygon (SHA) rated 'underperform'
  • Macquarie cites domestic AI demand, government support and reduced reliance on Nvidia GPUs as growth catalysts
  • Huawei remains the market leader in AI chip shipments, with Cambricon second and Hygon third per IDC
  • Multi‑Spectral Imaging Carbon Observatory (Musico) installed on China's Tiangong space station
  • First home‑grown Hong Kong astronaut, Lai Ka‑ying, performed the installation
  • Instrument will operate for a minimum of two years monitoring greenhouse gases
  • Developed by Hong Kong University of Science and Technology (HKUST)
  • Almost 90 VC‑backed companies have become unicorns this year, spurred by AI investor frenzy
  • Valuations span $1 billion to $4.65 billion, with Recursive topping the list at $4.65 billion
  • AI dominates the new unicorns, but notable entrants include healthcare, cybersecurity, and space‑tech firms
  • Funding rounds range from $105 million to $1.5 billion, highlighting deep capital inflows across sectors
  • US regulators emphasize competition and antitrust concerns for AI firms
  • Asian regulators, notably in Japan, focus on data security and market stability for AI
  • Analysts argue investors can benefit from both regions despite differing regulatory bets
  • Ten AquaNano vehicles deployed, each can produce up to 250 litres of drinking water per hour
  • Units can be dispatched within hours to flood‑affected areas, improving emergency water supply
  • Seven‑stage nanotech system removes pathogens, heavy metals and organics, using silver‑based antimicrobial treatment
  • Project follows major floods since 2021 that disrupted fixed water treatment plants in northern Thailand
  • NBTC will develop a centralized digital radio and audio streaming platform alongside its digital TV service
  • Platform will feature an automated emergency warning system that can target alerts to specific telecom cells
  • Initial investment is projected at under 100 million baht
  • Regional digital radio multiplexes will carry roughly 18 stations across 34 zones; analogue FM will remain operational
  • PRD or Thai PBS TV expected to host the platform, with licence bids slated for later this year
  • Hong Kong CE John Lee's July 1 handover speech was eclipsed by controversy over an AI‑generated anti‑drug video.
  • The video was released on June 26 by the Correctional Services Department and withdrawn twice after public outcry.
  • The clip, intended to promote anti‑drug messaging, featured a K‑pop‑style presentation and raised doubts about Hong Kong’s AI rollout.
  • Dongfang Suanxin, led by veteran Wei Shaojun, announced its public launch with a website and social media.
  • The firm will develop 3D‑stacked AI processors aimed at circumventing U.S. export restrictions.
  • Wei also serves as vice‑president of the China Semiconductor Industry Association, signaling industry backing.

Companies 16

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  • Samsung's profit forecast could rise 18 times year‑over‑year
  • AI surge is boosting demand for DRAM and NAND memory chips
  • Higher earnings may lift broader semiconductor sector sentiment
  • Debuted on Nasdaq with market cap briefly over $25 billion, twice its prior $11 billion private valuation
  • Reported $1.31 billion revenue in 2025 and serves over 500 million monthly active users
  • Recent acquisitions include Vimeo ($1.38 billion), Brightcove ($233 million), Eventbrite ($500 million) and AOL (undisclosed)
  • Stock slipped modestly after debut but remains elevated, indicating sustained investor interest
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  • Castlelake offers £5.2 billion cash to purchase EasyJet
  • Deal values the airline at a premium to its current market price
  • Transaction requires shareholder approval and regulatory clearance
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  • Uber has halted its rollout of food‑delivery services across Europe
  • The pause aligns with its effort to negotiate a deal to acquire Delivery Hero
  • Company says focus will shift to the potential acquisition rather than further expansion
  • Genesis Minerals proposes a cash offer of $3.9 bn to acquire Vault.
  • The bid outbids competing offer from Regis Resources.
  • Deal would rank among the largest Australian mining acquisitions this year.
  • Green revenue target rises from 1 bn baht in 2025 to 1.5 bn baht in 2026 and 10 bn baht by 2030
  • EV leasing revenue to grow from 71 mn baht (387 units) in 2025 to 5.5 bn baht with 10,000 units by 2030
  • Clean power capacity to expand from 498 MW (595 mn baht) in 2025 to 1,222 MW and 5.6 bn baht revenue by 2030
  • Water reclamation sales to increase from 8.8 mn m³ (301 mn baht) in 2025 to 24.3 mn m³ and 750 mn baht by 2030
  • Aim to become nature‑positive by 2050, restoring 233 rai across eight estates and exploring carbon‑credit sales
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  • Analyst presents five distinct takes on Meta's cloud computing opportunities.
  • Neocloud approach is positioned as a way for Meta to reduce dependence on hyperscalers.
  • Hyperscaler partnerships could still offer scale benefits for Meta's AI workloads.
+
  • Castlelake sweetened its bid to £6.90 per easyJet share.
  • The agreement is in principle, pending shareholder and regulator approval.
  • The offer aims to acquire all outstanding easyJet shares.
+
  • Permian Resources (PR) pays $0.16 quarterly dividend (3.5% yield) and receives a $25 price target from Evercore analyst.
  • Valero Energy (VLO) offers $1.20 quarterly dividend (2% yield); Goldman Sachs lifts price target to $286 and raises 2026‑2027 EPS forecasts.
  • Ovintiv (OVV) pays $0.30 quarterly dividend (2.3% yield) and retains a $70 price target from RBC after a $3 bn asset sale.
  • All three analysts are 5‑star on TipRanks, with past success rates between 59% and 75% and average returns up to 48.3%.
  • Analysts cite strong cash flow, low‑cost operations and focused asset portfolios as drivers for potential valuation upgrades.
+
  • Berkshire Hathaway announced an all‑cash purchase of Taylor Morrison valued at $6.8 billion.
  • The deal is the conglomerate's first multibillion‑dollar acquisition under its current leadership.
  • Analysts expect the acquisition to encourage more institutional investment in the U.S. residential market.
  • The transaction deepens Berkshire's exposure to the U.S. housing sector.
  • Court orders Molly Tea to pay 10.3 million yuan (≈50 million baht) to Louis Vuitton
  • Compensation includes 10 million yuan for economic loss and 300,000 yuan for litigation costs
  • Molly Tea must post corrective statements on six official accounts within 10 days and update its logo
  • The lawsuit, filed in May 2023, follows Louis Vuitton’s registered monogram in China
  • Molly Tea, operating over 2,000 stores globally, plans to appeal the ruling
  • Sony announces it will cease production of physical PlayStation game discs for PS5.
  • The move eliminates the resale market for used-game retailers in Japan.
  • Game publishers are expected to focus exclusively on digital distribution.
  • Consumers will lose the ability to buy or resell physical copies of new titles.
+
  • Amazon will close Mechanical Turk to new customers on July 30, 2026
  • Existing customers can keep using the service, but no new features will be added
  • Mechanical Turk, launched in 2005, has been used for AI data annotation; a 2023 analysis found 33%‑46% of workers used large language models
  • The decision reflects a shift away from crowdsourced labor for AI training within AWS
  • Steph So appointed CMO of Xponential Fitness, overseeing boutique health and wellness brands
  • She brings over 20 years of brand, digital, e‑commerce and growth experience
  • Previously chief growth officer at Shake Shack and senior roles at Ralph Lauren and Estée Lauder
  • Jyoti Chopra named executive vice president and chief human resources officer at Hertz.
  • Chopra previously held senior HR roles at MGM Resorts, Pearson Plc, and Bank of New York.
  • She highlighted the importance of building a pipeline of Asian American representation.
  • MinebeaMitsumi will spend 58 billion yen ($360 million) on a new bearing production facility
  • Capacity is expected to rise about 30% to meet AI data‑center demand
  • Plant will be built within an existing complex in either Cambodia or Thailand
  • Focus on precision bearings for cooling and storage equipment in AI‑driven data centers

Thai Markets 4

+
  • Thailand's data centre investments projected to reach $4.31 billion by 2030, with 18% annual growth
  • Hyperscaler investment brings benefits, but also drawbacks, including high energy needs and water use
  • Thailand must develop infrastructure, talent, and university-industry collaboration to capture long-term value
+
  • Government to mobilise 900-1,000 billion THB in FDI through Thailand FastPass scheme
  • 270 billion THB to be injected in state enterprise investment
  • Lower capital budget in 2027 reflects efforts to improve fiscal transparency
+
  • Tourist arrivals in the third week of June were 510,000, down 3% YoY, with Chinese up 11% and Malaysians up 9%
  • Baht has weakened >5% YTD to around 33.30 per USD, enhancing price competitiveness for visitors
  • Jet fuel averaged $143.41 per barrel YTD, below the $160 forecast, easing airline cost pressures
  • International seat capacity for Thailand is projected to grow 3.5% in Q3, the strongest since Q1
  • Hotel RevPAR shows low single‑digit growth; earnings forecast lifted 7% YoY, shares still 5‑12% below pre‑conflict levels
  • Vayupak Fund expected to deliver ~6% return in 2024, similar to 6.09% FY2023 performance
  • Profit distribution of 18 billion baht slated for next year
  • State enterprise investment disbursement target 238 billion baht, 43% spent by May, aiming for ≥95% by year‑end
  • Revenue remittances to Treasury target 180 billion baht, expected to reach 200 billion baht, exceeding target by 22 billion

Other 47

  • Typhoon Bavi expected to make landfall Monday morning with sustained winds of 260 km/h (162 mph) and gusts up to 315 km/h (196 mph)
  • Storm surge and waves could reach 10.7 metres (35 ft), posing extreme coastal flooding risk
  • Guam (≈170,000 people) and the Northern Mariana Islands (≈40,000 people) face weeks-long power outages and widespread damage
  • A 7.2‑magnitude quake struck La Guaira on June 24, followed by a stronger aftershock.
  • Confirmed death toll rose above 3,342, with roughly 50,000 people reported missing.
  • Government reports indicate 856 buildings damaged and 190 collapsed.
  • Rescue operations continued, with survivors still trapped, including the wife of a rescued father.
  • Twin earthquakes on June 24 killed more than 3,000 people in Venezuela.
  • Thousands are missing and many are homeless, particularly in the coastal La Guaira area.
  • Interim president Delcy Rodriguez pledged no social unrest, stressing deep social solidarity.
  • Official death toll increased to 3,342 following recent quakes in Venezuela
  • Casualties continue to rise as rescue operations expand
  • Authorities report ongoing damage to infrastructure and displaced residents
  • Twin earthquakes struck La Guaira State, Venezuela on June 24
  • Official death toll near 3,000 with up to 50,000 people still missing
  • Rescue teams say they will not stop searching for survivors
  • June 2023 was the hottest June on record across Europe
  • WHO reports over 1,300 heatwave-related deaths in Europe during June
  • Study attributes the extreme temperatures to human-caused climate change
  • Northern European countries experienced weeks of temperatures above 30°C
  • Investors have withdrawn billions of dollars from ESG funds
  • Multiple ESG-focused funds have been shut down
  • Proxy voting on ESG proposals has dropped significantly
  • Proponents argue the strategy remains viable, albeit with a lower profile
  • More than 17,000 hectares (42,000 acres) burned across the three countries, about twice Manhattan's size
  • Temperatures forecast to reach up to 40 °C in parts of France, Spain and Portugal
  • Hundreds of firefighters deployed to fight the forest fires
  • June heatwave previously caused thousands of excess deaths in Europe
  • The fires add to one of the continent's worst heatwaves on record
  • EPA draft plan would weaken protections for hazardous chemicals like hydrofluoric acid
  • Recent analysis shows a year‑over‑year increase in industrial chemical accidents
  • Experts warn reduced safety standards could raise risk of catastrophic releases to workers and nearby communities
  • Indonesia enforces a ban on major social media platforms, limiting access for millions of users.
  • Families shift to online video services as primary tools for education and creative activities.
  • Teenagers use digital content to discuss political topics, including the 2024 vice‑presidential candidates.
  • Tender for the Northern Metropolis university town will be issued in about two months
  • Successful bidders will be announced after plot formation is completed by year‑end
  • The project is highlighted as a key post‑hand‑over development on Hong Kong's 29th anniversary
  • Education minister confirmed the timeline, aiming for site readiness by December 2024
  • Flight 1076 encountered a firework at 200‑250 ft altitude near Chicago Midway.
  • Airbus A319 carrying 52 passengers and six crew landed safely after 8:30 p.m. CDT.
  • FAA and Delta will investigate; no injuries or damage reported.
  • Approximately 10,000 residents ordered to evacuate.
  • Fire has burned over 1,500 hectares of forest near the French‑Spanish border.
  • Firefighters are deploying ground crews and aerial assets to contain the blaze.
  • Authorities are monitoring potential impact on the upcoming Tour de France route.
  • Shooting took place near Coney Island boardwalk as crowds watched fireworks
  • Eight victims injured, four of whom are children
  • Police responding and investigation underway
  • Burglars entered the Lalique museum in Wingen-sur-Moder around 5:30 am local time
  • Six display cases were smashed to access the jewellery room
  • Stolen items are valued at several million euros
  • The robbery follows a high-profile gem theft at the Louvre earlier this year
  • Rep. Jim McGovern says the political left is rising as voters demand more from Democrats
  • He criticizes Congress as a rubber stamp for the president on issues from Cuba to Israel
  • McGovern urges Americans to protest and fight for the soul of the United States
  • Five-day preliminary hearing starts Monday in Utah court
  • Prosecutors will argue for a death‑penalty murder charge
  • Defendant Tyler Robinson turned himself in after the shooting
  • Kirk's widow and parents will appear in court for the first time
  • MP urges parliamentary standards commissioner to investigate new claims against Farage
  • Allegations say a convicted fraudster paid for Farage's security and staff before he became an MP
  • Farage is already under investigation by the parliamentary anti‑sleaze watchdog
  • Farage leads the Reform UK party, which is currently ahead in opinion polls
  • Police recovered cocaine valued at approximately HK$120 million (US$15.4 million).
  • The drugs were concealed in three heavy‑metal containers, each about 1.6 m long, 1 m wide and 0.35 m high.
  • Three men were arrested after officers cut open two of the containers at a 3,000 sq ft warehouse in Yuen Long.
  • The Health Matters series on cancer in Hong Kong concludes with its sixth installment.
  • Genetics, lifestyle choices, and random chance all influence individual cancer risk.
  • Early detection can be life‑saving, as illustrated by a 30‑year‑old diagnosed after spotting a tiny dot.
  • Researchers start trial of two experimental Ebola treatments at Bunia’s Evangelical Medical Centre.
  • The study was launched in early July as the DRC Ebola outbreak continues to expand.
  • Hundreds of residents in Ituri province mourn deaths amid the growing epidemic.
  • The trial will evaluate safety and efficacy of the treatments to curb the virus spread.
  • Norway beat Brazil 2-1 to reach the quarterfinals of the 2026 World Cup
  • Erling Haaland's brace brings his tournament tally to seven goals, matching Messi
  • Goalkeeper Orjan Nyland saved a penalty and made several key stops for Norway
  • Brazil exit the tournament at the last-16 stage, their earliest since 1990
  • Norway will face either Mexico or England in the upcoming quarterfinal
  • FIFA lifted the one-match suspension on US striker Folarin Balogun, allowing him to play in the last‑16 match versus Belgium.
  • The ban stemmed from a red‑card incident in the round‑of‑32 win over Bosnia where Balogun struck an opponent's ankle.
  • Balogun has scored three goals in four World Cup matches and could tie the US record of four goals in a single tournament.
  • US President Donald Trump thanked FIFA for the decision on his Truth Social platform.
  • Trump called FIFA President Gianni Infantino to request review of Folarin Balogun's one‑game suspension
  • FIFA suspended the automatic ban for a probationary year, allowing Balogun to play against Belgium
  • Balogun, 25, has scored three goals in three World Cup matches; the U.S. faces Belgium in the Round of 16
  • Match is a last-16 knockout game in the FIFA World Cup 2026.
  • Kickoff was set for 6pm local time (00:00 GMT) but delayed by one hour.
  • Venue is Mexico City Stadium in Mexico City, Mexico.
  • Ronaldo's role uncertain; coach may start Goncalo Ramos and keep Ronaldo as impact sub
  • Spain are heavy favourites with ~25.6% win probability; Portugal odds 25.6% win, 25.2% draw
  • Spain unbeaten in last 34 matches; Portugal have won only 1 of last 12 competitive meetings vs Spain
  • Ronaldo became first player to score in six World Cups, netting two goals against Uzbekistan
  • Match scheduled in Dallas on Monday evening
  • Australia won their seventh Women's T20 World Cup, beating England by 7 wickets
  • Australia chased down 151 runs with 17 balls remaining, finishing at 151/3
  • Beth Mooney scored 64 runs and was named player of the tournament; Phoebe Litchfield added 48
  • England were bowled out for 150/4, with Nat Sciver-Brunt 58 and Freya Kemp 44
  • A dead whale weighing about 12 tonnes washed ashore on Muanda beach, Atlantic coast of DR Congo.
  • Officials used a 42-tonne crane to lift the carcass after tractors failed over two days.
  • Large crowds gathered to watch the removal operation.
  • Osaka beat world No.1 Sabalenka 6-2, 7-6(7/2) to advance to Wimbledon quarterfinals
  • The win gives Osaka her first Wimbledon quarterfinal appearance and her first match win on Centre Court
  • Seeded 14th, Osaka remains unbeaten in her first four Wimbledon matches, not dropping a set
  • Sabalenka's streak of 15 consecutive Grand Slam quarterfinals ends after three straight Wimbledon semifinal losses
  • Professor Robert Li joined CUHK Business School in January 2025.
  • He promotes a 'compleat scholar' philosophy that integrates cross‑disciplinary research with the hospitality and tourism industry.
  • The approach aims to bridge academia, tourism practice, and industry insights.
  • Odistar desktop vacuum cleaner priced at $13 for quick desk cleanup
  • Ember Mug 2 keeps drinks at set temperature for up to 1.5 hours, costs $150
  • Amazon Echo Dot ($50) adds voice‑controlled assistance for reminders and smart home control
  • Govee Glide Hexa Light Panels ($189.99) provide customizable ambient lighting
  • Speks magnetic fidget toys ($35) help maintain focus during work
  • Resale tickets for knockout matches listed around $20,000, with many seats near $5,000
  • Individual fan spending ranges from $2,500 to $150,000 for travel, tickets and hospitality
  • UK couple plans $150,000 for 10 matches, including $100,000 on FIFA ticket packages
  • Mexican visitor saved years and spent $2,500 total, $700 on a match ticket
  • All interviewed fans said the high cost was justified by the experience
  • Two people were killed and four injured in the blast.
  • The explosion involved a truck loaded with ammonium nitrate, a hazardous chemical.
  • The incident occurred at 11:27 a.m. on National Highway 331 in Xilingol League, Inner Mongolia.
  • Authorities are investigating the cause and extent of damage.
  • Researchers suggest a sustained asteroid bombardment lasting ~500 million years melted Earth's early crust.
  • Oldest continental-type rocks date to ~4.03 billion years ago, with zircon crystals up to ~4.4 billion years.
  • The hypothesis explains the emergence of buoyant, silica-rich continents around 4 billion years ago.
  • Limited Hadean rock evidence forces reliance on indirect modeling and geological inference.
  • 21-year-old motorcyclist died after head-on crash with three-wheeler
  • Accident occurred at about 3:21 pm on Sha Tin Heights section of Tai Po Road
  • Both riders injured; motorcyclist was unconscious and rushed to hospital
  • Hong Kong aurora‑chasing tour on a boat near Hobart, Tasmania, encountered two missing divers.
  • Tour leader Foxman Hui and group members rescued the divers on Friday.
  • The rescue was highlighted in a Facebook post by WWPKG Tours on Sunday.
  • 59% of surveyed Hong Kong parents think invasive meningococcal disease is similar to a cold.
  • Survey of 300 parents and teachers shows parents scored 3.84/10 on disease knowledge versus 4.8/10 for teachers.
  • Doctors urge greater public awareness of the potentially fatal infection ahead of the summer travel season.
  • Researchers found a sealed horse head inside a pottery vessel at a ritual site in Zhejiang province.
  • The artifact dates to the Eastern Zhou dynasty (770–256 BC), covering the Spring and Autumn and Warring States periods.
  • The find points to elite sacrificial practices involving animal offerings in ancient China.
  • Dr. Sit Sou-chi was removed from the General Register for nine months.
  • The misconduct stems from a 2009 case where newborn Li Yuanjian suffered a seizure.
  • Medical Council found the doctor failed to conduct immediate investigations, resulting in permanent disability.
  • The case involved a mainland Chinese couple and occurred in Hong Kong.
  • Five rabies deaths reported on Bali in 2024, including a 38‑year‑old woman bitten by a stray cat
  • A rabid dog in Jembrana regency bit three people (two children, one adult); all survived after prompt post‑exposure vaccination
  • Authorities are increasing scrutiny of dog‑meat consumption amid the outbreak
  • Food and Environmental Hygiene Department will permit dogs in eateries starting Thursday
  • 833 restaurants, including Old Fung Tea House, will join the scheme
  • Owner of Old Fung Tea House invested roughly HK$10,000 in pet-friendly adaptations
  • Chen Peipei left Cambridge for a presidential assistant professorship at City University of Hong Kong in May
  • She cited limited research funding and a challenging geopolitical environment in the UK as key reasons
  • The move reflects a broader trend of early‑career scientists seeking stability and resources abroad
  • Flight CX624 from Bengaluru landed at Hong Kong International Airport at 09:53 local time.
  • Smoke was detected in the Airbus A330 cabin as the aircraft was exiting the runway.
  • All passengers and crew were evacuated safely; investigation points to an overheating air‑conditioning system.
  • South Korea eliminated in group stage after 1-0 defeats to Mexico and South Africa
  • Head coach Hong Myung-bo announced his resignation following the losses
  • Fans voiced anger, accusing a "cartel" of elites and favoritism in football governance
  • Eric Wong founded Stillpoint Investments after 11 years at Blue Ridge Capital.
  • His career spans Beijing, New York and began over 20 years ago at Morgan Stanley in Hong Kong.
  • Wong says he finds it difficult to separate his Asian American identity from his professional life.
  • He expects more Asian Americans to enter corporate leadership roles.
  • Kristy Sundjaja serves as chief people officer at Taboola, a global ad‑tech firm.
  • She previously held senior people‑leadership roles at LivePerson and led NYC’s Bloomberg administration industry‑transformation team.
  • Sundjaja advises aspiring Americans to “lean in” and be authentic as a path to integration.
  • Tasmania's pristine air, water, and ancient forests are promoted as key attractions for food tourism
  • Chef Analiese Gregory, a New Zealand native, showcases farm‑to‑table cuisine by raising chickens and goats on her property
  • Indigenous values and strong conservation efforts underpin the island's reputation for high‑quality, sustainable food