- S&P 500 earnings growth expected to exceed 20% for second straight quarter
- June inflation data to show 3.8% annual rate, down from 4.2% in May
- Federal Reserve Chairman Kevin Warsh to deliver semi-annual monetary policy report to Congress
July 10, 2026
▲ 73▼ 53◆ 12– 214
Markets 34
- China's June CPI rose 1.0% YoY, below the 1.1% consensus and the slowest in three months
- June PPI rose 4.1% YoY, matching forecasts and expanding the PPI‑CPI margin
- USD/CNY fell 140 pips to 6.79 and offshore USD/CNH slipped 100 pips to 6.80
- Industrial profit YoY growth softened for the first time since November, signaling weaker domestic demand
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- S&P 500 rose 0.42% to 7,575.39, posting a weekly gain of just over 1%
- Nasdaq Composite added 0.29% to close at 26,281.61, also up more than 1% for the week
- Meta Platforms jumped about 6% and posted a 15% weekly gain, its best week since early 2024
- Nvidia contributed roughly a 4% rise; SK Hynix ADR debuted at $170, up about 13% on the Nasdaq
- Asian markets rallied: South Korea's Kospi +2.5%, Japan's Nikkei +1.2%, while China's CSI 300 fell 1.96%
- Currency carry trade has rebounded to pre-2024 levels
- Trade is now bigger than it's been in many years
- Goldman Sachs notes significant increase in carry trade activity
- DXY trades near 100.85 after dipping to a one‑week low of 100.60 in the Asian session
- FedWatch Tool shows ~66% probability of rates unchanged at July meeting, 70% odds of a hike in September
- Focus shifts to next week's US CPI release (consensus -0.1%, previous 0.5%) for future USD direction
- Renewed US‑Iran hostilities provide limited support, keeping traders cautious
- SET index up 0.6% to 1,621.55 as chip and AI stocks lead Asian market gains
- Brent crude jumped to $79/barrel, then eased to $76.30 amid US‑Iran clashes
- US 30‑year Treasury yield hit 5.2%, highest level since 2007
- OPEC+ raised output quotas by 940,000 barrels per day (≈1% of global demand)
- Thailand's headline inflation slowed to 2.42% YoY in June; IMF raised 2026 growth forecast to 1.9%
- Dow Jones up 0.26% to 52,609, yet on track for roughly 1% weekly loss
- May CPI rose 4.2% YoY; markets assign about 25% probability to a July Fed rate hike
- Technical: resistance at 52,668, support at 52,400; a close below 52,400 would shift bias
- US stocks rise 0.29-0.42% as investors focus on AI growth
- Oil prices fall 0.41-0.74% despite Middle East tensions
- SK Hynix's US debut sees shares jump 14% in Nasdaq debut
- EUR/USD slipped to around 1.1433, retreating from the 1.1460 one-week high
- US Dollar Index rose to about 100.85 after rebounding from a low of 100.60
- Markets assign a 58% probability to a Fed rate hike at the September meeting
- Key EUR/USD levels: support near 1.1325, resistance at 1.1475‑1.1500; break below 1.1390 could deepen the downtrend
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- US equity indices ended the session in positive territory
- Investor focus shifted toward upcoming corporate earnings
- Market breadth showed gains across most sectors
- MOEX Russia Index fell 2.13% at the close of trade
- Broad Russian equities posted declines across the board
- Market sentiment turned negative amid the drop
- Major US equity indices closed slightly up after the debut.
- Semiconductor maker raised a multibillion‑dollar share offering.
- The offering helped calm market volatility in the tech sector.
- Hynix stock surged sharply, outpacing other semiconductor makers
- Broad chip sector remained largely unchanged despite Hynix rally
- WTI and Brent crude prices fell for a second session, each dropping modestly
- Delta Air Lines reported higher sales, supporting its revenue outlook
- Apple posted its first record close in over a month on Thursday.
- Shares are up 16.5% year‑to‑date, the strongest gain among the Magnificent Seven.
- Wall Street rewards Apple’s low‑cost AI strategy after a $1 billion Gemini licensing deal with Google.
- Amazon, Alphabet, Microsoft, Nvidia, Meta and Tesla remain below their all‑time highs.
- Full rollout of Apple Intelligence and upgraded Siri is scheduled for the fall.
- USD/IDR rose 0.5% to breach the 18,000 level
- Middle East tensions and elevated US Treasury yields add external pressure on the Rupiah
- Bond yields attract inflows, yet net foreign equity outflows persist, tilting risk toward further weakness
- New leveraged single-stock ETFs on SK Hynix slated for launch next week by GraniteShares and ProShares
- SEC opened a request-for-comment on ETF innovation on June 30, indicating heightened regulatory focus
- Experts warn the market can only absorb limited leverage, citing risk of NAV collapse and reduced counter‑party capacity
- S&P 500 up roughly 0.5% to finish the week higher
- Nasdaq climbs about 0.7% for the week
- Dow Jones down around 0.2% for the week
- SK Hynix shares rally after U.S. trading debut
- Financials have outperformed the broad market for four weeks, trading at roughly 15.5x forward earnings
- Implied correlation among equity options is historically low, making basket options relatively cheap
- Buy August 56 call options on XLF for about $1 (under 2% of the ETF price) as a bullish play on earnings season
- GBP/USD unchanged at 1.3406 after hitting near‑month high of 1.3451
- Fed minutes reveal bias for further tightening while keeping rates steady
- IMF upgrades UK growth forecast to 1% in 2026, bolstering sterling sentiment
- Trump's tweet ending Iran ceasefire raises geopolitical risk, testing USD
- Technicals show GBP/USD above 50/100/200‑day SMA cluster (1.3394) with RSI at 59.2
- USD/JPY fell toward 161.80, down 0.37% on the day.
- Finance Minister urges pension funds to increase domestic asset investments, boosting the yen.
- Fed rate‑hike odds ease to 26.2% for July and 50% for September, weighing on the dollar.
- Speculation of BoJ normalization and possible yen intervention fuels short‑covering.
- Yen strengthens 0.44% to 161.67 per dollar, its biggest daily gain in over a week
- Finance Minister urges GPIF to increase holdings of Japanese assets, but no formal directive yet
- Euro and pound each slip roughly 0.5% against the yen
- U.S. crude falls 1.15% to $71.23 and Brent drops 0.64% to $75.81 amid Middle East tensions
- June employment added 18.2k jobs, surpassing the 10k forecast but far below May's 87.8k gain.
- Unemployment rate eased to 6.5% from 6.6% in June.
- USD/CAD fell to around 1.4160, on track for its first weekly loss in six weeks.
- Higher oil prices boosted the commodity‑linked CAD, though gains later moderated.
- US CPI data due next week will shape expectations for the Fed's rate path.
- Investors often prioritize short-term gains over long-term strategies
- Herd behavior can lead to market bubbles and subsequent crashes
- Discipline and patience are key to avoiding emotional decision-making
- Options on SK Hynix will start trading two business days after its Nasdaq debut.
- The chipmaker raised $26.5 billion in a share sale and is valued at roughly $1.03 trillion.
- Analysts see the listing as a test of investor confidence in the AI-driven chip sector amid recent pullbacks.
- June recorded a rise in fails to deliver across major equities
- Fails were most prevalent in technology and financial sectors
- Regulators highlighted the need for tighter settlement monitoring
- Yen rose against the dollar following Finance Minister Katayama's remarks
- Long-term Japanese government bond yields fell on the same day
- Minister pledged to boost domestic pension fund investment and affirmed BOJ independence
- Nikkei will create a seventh sector called "information and communications" effective Oct 1
- IT-related stocks will shift from the services category into the new sector
- Constituent changes will be applied during the regular Nikkei 225 review this autumn
- Sector rebalancing aims to avoid concentration and maintain sector balance across the index
- S&P/BMV IPC rose 0.59% at the close of trade
- Broad Mexican equities posted gains
- The rally occurred without a clear catalyst
- Dollar Index fell 0.1% on the day.
- Marks a second consecutive trading-day decline.
- Weekly drop of 0.02% to 97.20.
- COLCAP gains 0.65% by the close of trading
- Broad Colombian equities post modest gains
- Positive sentiment drives market upward
- Bank Negara Malaysia kept the Overnight Policy Rate unchanged at 2.75% and signals no change through 2026
- Ringgit weakness capped below 4.15 USD/MYR, with a near‑term range forecast of 4.00‑4.20
- Malaysian inflation remains around 2%, supporting a neutral stance on government securities
- RBNZ raised the Official Cash Rate by 25 basis points, boosting NZD/USD toward a second straight weekly gain
- Pair trading around 0.5771, near an intraday high of 0.5794 – its highest level since June 18
- Key resistance at 0.5800 (psychological), 0.5815 (50‑day SMA) and 0.5820 (200‑day SMA); support at 0.5718 (21‑day SMA)
- A break above 0.5820 could open a path to 0.5900 and 0.6000, while a drop below 0.5718 may retest the June low of 0.5626
- Intraday USD/SGD expected between 1.2905 and 1.2940
- 1‑3 week range projected at 1.2890–1.2990 as mild downward pressure eases
- Break above 1.3000 could open a target near 1.3095
- Two new ETFs filed to track the Nasdaq-100 and S&P 500 while omitting Tesla (TSLA) and SpaceX (SPCX)
- Funds will trade under tickers QQNE (Nasdaq-100 Ex-Elon) and SPNE (S&P 500 Ex-Elon)
- ETFs are registered by Tidal Trust I and managed by Subversive Markets Lab LLC
- Launch reflects growing investor interest in avoiding exposure to Elon Musk-associated firms
Macro/Economy 38
- US CPI expected to show headline inflation down 0.1% MoM in June, core CPI up 0.3% MoM, annual core unchanged at 2.9%
- Dollar Index near 101.00, poised for volatility as CPI and Fed Chair Warsh testimony loom
- EUR/USD down ~0.19%, GBP/USD up ~0.34%, USD/JPY up ~0.24% as majors react to inflation data
- Bank of Canada likely to hold rates at 2.25% on July 15, influencing USD/CAD dynamics
- WTI oil around $71.60 and gold near $4,102, pressured by a stronger dollar and inflation outlook
- America commemorates its 250th founding anniversary amid heightened US‑China tensions
- Trump administration imposed broad tariffs on Chinese imports, covering most product categories
- Analysts warn the tariff regime could erode the post‑World‑War II international trade framework
- Awami League activities remain banned and many leaders detained, raising democratic concerns
- Inflation persists and foreign direct investment fell to $1.8 bn in 2025, lagging regional peers
- Foreign policy shift perceived toward Pakistan with strained ties to India, sparking strategic worries
- Q2 GDP growth forecast at 4.8% YoY, down from 5.0% in Q1
- Industrial production expected to rise to 4.6% in June from 4.5% in April
- June exports projected to grow 20.4%, driven by AI‑related electronics
- Retail sales growth forecast to slow to 0.5% in June amid weak consumption
- Declining property prices continue to weigh on household wealth and fixed‑asset investment
- China to promote collective wage bargaining in private sector
- Steady wage growth and narrowed pay gap to be ensured
- Frontline workers to receive higher pay under new reforms
- Britain has designated Microsoft, Google, Amazon, and Oracle as critical third-party suppliers to its financial sector.
- The move brings these cloud service providers under direct regulatory oversight to strengthen financial firms' resilience.
- Supervision will be joint by the Bank of England, PRA, and FCA, requiring resilience testing and incident reporting.
- The designation, effective July 13, aims to reduce risks from cyber attacks or technology outages impacting multiple firms.
- China commits to peak CO2 emissions by 2030, with a five‑year implementation roadmap starting 2024
- Plan emphasizes expanding nuclear power and renewable generation to ensure energy security
- Policy aims to support the economy and fast‑growing AI sector while balancing climate targets
- State Council stresses that the emissions peak must be achieved within the next five years
- Exports rose nearly 50% year‑on‑year in the first half of 2024
- AI‑related semiconductor shipments were the main driver of the surge
- Economy projected to grow at its fastest rate since 2010
- Trade surplus expanded as overseas demand for chips increased
- Bhumjaithai Party will create a dedicated Sports Ministry and combine Tourism with Culture, pending cabinet approval this month
- Current ministry oversees over 20 agencies, leading to fragmented governance and hidden economic costs
- Legal framework for the restructure is expected to be completed by end‑2024 or early‑2025
- Constitutional Court unanimously upheld the 400 billion baht emergency loan decree
- Government will begin screening loan projects this month for households, farmers and businesses
- Up to 200 billion baht allocated for energy‑efficiency, renewable and EV initiatives
- Screening committee to include finance permanent secretary, NESDC and Comptroller General representatives
- Timely disbursement expected to boost private‑sector sentiment and confidence in the economy
- Commerce Dept. will "favorably review" export license applications for MGX semiconductors and servers bound for the UAE.
- Rule, slated for publication on July 14, upgrades UAE to a Major Defense Partner and relaxes controls on advanced AI chips, military, satellite and spacecraft exports.
- Sen. Elizabeth Warren called the rule "corrupt," citing a $263 million windfall for Trump from a stablecoin-linked $2 billion Binance investment.
- License exceptions extend to UAE's G42 and Core42, and streamline treatment for major U.S. tech firms such as Amazon, Apple, Google, Meta, Microsoft, OpenAI, Oracle and xAI.
- Advance Q2 2026 GDP projected at 5.8% year‑on‑year and 1.5% quarter‑on‑quarter (seasonally adjusted)
- Manufacturing and wholesale trade buoyed by strong demand for AI‑related electronics
- Non‑oil domestic exports (NODX) expected to grow 25.0% YoY in June, marking a fourth month of double‑digit growth
- Canada's mine development timeline averages roughly 20 years from proposal to production.
- The protracted process puts several multibillion-dollar critical mineral projects at risk.
- Competing jurisdictions are approving similar projects in years, potentially diverting billions of dollars.
- Report warns the delay could erode Canada's competitive edge in the global critical minerals market.
- Trump announced he will not sign the 21st Century ROAD to Housing Act, protesting the Senate's inaction on the SAVE America Act
- The housing bill passed Congress with large majorities (House 358-32, Senate 85-5) and would become law automatically at 12:01 a.m. Saturday if not vetoed
- Median existing-home price in June reached a record $440,600, up 1.8% year‑over‑year, per the National Association of Realtors
- Republicans hold a 53‑47 Senate majority, but the 60‑vote filibuster threshold hampers passage of the SAVE America Act
- Democrats are using the standoff to highlight rising housing costs ahead of the November midterm elections
- Neso issued an overnight notice urging generators to increase output for Thursday night.
- Britain's third summer heatwave pushes household cooling demand to record levels.
- This is the operator's second extreme‑temperature warning in two months.
- Risk of supply shortfalls if additional generation is not secured.
- USDA projects 2026 U.S. wheat production at 1.536 bn bushels
- Forecast is down 7 mn bushels from the June estimate
- Output level is the lowest for U.S. wheat since 1970
- Missouri rent for a 3‑bedroom home averages $1,582, the fifth‑lowest nationwide.
- Ohio ranks top for business cost, with average rent $1,565 and CPI +5% YoY in May.
- Kansas home prices average $348,000 and homeowners' insurance premiums are projected to rise 4% this year.
- Iowa’s average home price is $331,200; insurance premiums surged after a 2020 derecho caused over $11 billion in damage.
- Wyoming’s homeowners’ insurance costs $1,929 annually, the 16th‑lowest in the U.S., with no increase expected in 2026.
- Plan to train 50,000 semiconductor engineers by 2030
- $100 million venture‑capital fund announced, with S&T spending targeted at 3‑4% of the state budget
- Goal to attract 100 chip design firms, launch one fab and 10 packaging plants by 2030, scaling to 300 design firms and three fabs by 2050
- Decision No. 1018/QD‑TTg sets roadmap for semiconductor development through 2050
- June employment rose by 18,000, leaving a net annual gain of 6,000 jobs
- Unemployment rate edged down to 6.5% in June from 6.6% in May
- Youth unemployment fell as summer job market improved
- Analysts expect further unemployment declines through the second half of 2026
- India's consumer price inflation projected at 4.2% year‑on‑year in June
- Wholesale price inflation expected to moderate to 9% YoY
- Lower Brent crude prices should ease wholesale costs, but retail fuel and food price pressures keep CPI upside risk
- El Niño‑related weather disruptions could further lift food inflation
- May 2026 CPI shows 5% YoY rise in the Midwest, 5.1% in the NY‑Newark‑Jersey City region, and 3.5% in the West
- Illinois, New York and Washington each score 17/50 (grade D+) on the Cost of Living index, ranking them among the most expensive states
- Average rent for a 3‑bedroom home exceeds $2,400 in Illinois, $4,200 statewide in New York, and $2,632 in Washington
- Median home prices top $642k in Chicago, $2.9 million in Manhattan, and $1.25 million in Seattle
- Over 30% of residents in Illinois and Washington spend more than one‑third of their income on housing
- June headline CPI fell to 3.37% YoY and core CPI to 4.03% YoY
- Bi‑weekly data showed headline at 3.18% YoY and core at 3.94% YoY, near Banxico's target range
- Services inflation eased to 4.40% and core goods to 3.45%, indicating weakening demand
- Banxico likely to keep policy rate at 6.50% with a 40% chance of a cut in Q3 2026
- Forecasts project headline inflation at 3.69% in 2026 and 3.62% in 2027
- Government will tender just one residential plot (5,170 sqm / 55,649 sq ft) in the July‑Sept quarter
- Site located on Fat Kwong Street, Ho Man Tin, Kowloon, slated for Q2 of FY 2026‑27
- Authorities say other supply channels will keep the city on track to meet housing targets
- Policy remains cautious even as Hong Kong's property market shows signs of recovery
- IEA projects 67% of European households to own AC by 2050, up from ~20% currently
- UK and France see political divides over AC adoption, with right-wing parties pushing for expansion and left criticizing energy inequality
- AC adoption could save ~200,000 lives annually among over-65s in Europe, per Lancet study
- New Sadao checkpoint and road open Saturday at 5 am Thailand time (6 am Malaysia time)
- Existing Bukit Kayu Hitam–Dan Nok crossing closes at midnight Malaysia time
- Construction cost 1.5 billion baht; facility located about 6 km east of current office
- More than 80% of Thai‑Malaysian border trade expected to flow through the new checkpoint
- Government signals push for GPIF to allocate more assets to domestic holdings
- Goal is to lift demand for local government bonds
- Policy stance may support a stronger yen
- HKMA's updated RMB Business Facility launches with a quota 150% larger than the previous limit.
- Participating banks can borrow yuan at the three‑month SHIBOR rate, roughly 2 percentage points below market rates.
- The facility aims to increase yuan usage in daily global business and reinforce Hong Kong's financial hub role.
- Higher quota and cheaper funding signal stronger support for RMB internationalisation.
- Unions representing port workers have announced a short‑term strike at the Dampier iron‑ore terminal.
- The stoppage could cost BHP tens of millions of dollars and delay shipments to steel mills in China, Japan and South Korea.
- Disruption at the port may affect global iron‑ore supply chains, given its status as the largest bulk export hub.
- Foreign patients seeking cosmetic procedures in South Korea have reached record highs.
- The boom in beauty tourism is diverting doctors from hospital duties, raising staffing concerns.
- The trend highlights a growing imbalance between elective cosmetic demand and essential medical services.
- China's auto factories operate near capacity while domestic vehicle sales slump, widening the output‑demand gap.
- Exports are rising, with new markets in Latin America and Southeast Asia targeted to offset the domestic slowdown.
- EV maker Leapmotor displayed its D99 MPV in Hong Kong, highlighting firms' push for overseas demand.
- Analysts warn the export boom occurs amid a "complex and volatile" external environment, adding uncertainty.
- Biodiesel palm oil content increased from 40% to 50% for all diesel sold in Indonesia
- Mandate intended to curb fuel imports and strengthen domestic energy security
- Higher domestic palm oil demand could reduce exports, according to analysts
- Policy rolled out immediately after launch ceremony in West Java
- Vacancy rate in central Tokyo fell to the 1% range, the lowest level since the pandemic began six years ago
- The decline reflects increased corporate relocations to the capital to secure labor and expand office space
- Larger office footprints are being sought to improve employee interaction and workplace comfort
- Fitch changes Moody's outlook to a more positive stance
- Revision driven by Moody's robust cash flow generation
- Improved market position cited as key factor in outlook shift
- American Christmas tree growers are actively lobbying to keep tariffs on Chinese-made artificial trees.
- The tariffs are part of a broader US-China bilateral trade mechanism under negotiation.
- Growers argue that tariffs protect domestic producers amid ongoing geopolitical tensions.
- U.S. private chefs can earn $100,000‑$300,000 annually.
- Butlers may earn up to $180,000; personal assistants can earn up to $250,000.
- Average tenure for household staff has dropped to three years.
- Multilingual nannies in the UAE can earn as much as $163,000.
- U.S. house managers see salaries of $150,000‑$250,000, the fastest‑rising segment.
- Summer Davos forum convened in Dalian, Liaoning, in late June
- Forum emphasized that market mechanisms, not government direction, drive sustainable growth
- Dalian previously aspired to become the "Hong Kong of the north"
- Ibaraki government will pay cash to informants whose tips result in arrests of firms hiring illegal foreign workers
- The scheme is intended to curb the rise in unauthorized foreign labor within the prefecture
- It aligns with the national administration's broader crackdown on illegal employment practices
- No specific reward amount or timeline has been disclosed
- Government is evaluating creation of a new agency for SDF retirees
- Agency would focus on enhanced retirement benefits and re‑employment assistance
- Move aims to improve recruitment and retention of young personnel
Central Banks 11
- Inflation stayed above the Fed’s 2% target and ticked higher in the spring quarter
- Labor market remained broadly stable with solid nominal wage growth and productivity gains
- Q1 2026 GDP growth was supported by high‑tech investment and increased government spending
- M2 money‑supply growth remained moderate, matching rates typical of the 2010s
- RBC expects the Federal Reserve to unwind the entire set of 2025 insurance rate cuts
- No further interest‑rate hikes are anticipated in the near term
- Reversal could tighten monetary conditions and weigh on risk assets
- June ECB minutes confirmed the June rate hike was fully justified
- Oil prices have fallen sharply since the June meeting
- June CPI data came in below expectations
- Strategists maintain a base case for a final ECB rate hike in September, but Lagarde's comments raise the chance June was a one‑and‑done move
- Marc Andreessen named co‑lead of the Fed's Productivity and Jobs task force under Chair Kevin Warsh
- Task force will assess AI's impact on productivity, employment and inflation as one of five new Fed task forces
- Fed officials remain divided: some view AI as a long‑term disinflationary boost, others cite current data‑center spending as inflationary
- Appointment highlights growing emphasis on technology expertise in monetary‑policy deliberations
- Bank of England, PRA and FCA will begin oversight of designated Critical Third Parties on 13 July 2026.
- Four global cloud providers – Amazon Web Services, Google Cloud, Microsoft, and Oracle – have been designated as CTPs.
- The regime targets system‑level risk, obliging CTPs to manage resilience and report incidents to regulators.
- Oversight complements existing outsourcing rules; regulators will periodically review designations and coordinate with EU under DORA.
- June headline CPI rose to 2.6% YoY, up from 2.2% in May – fastest pace since Jan 2025
- Core CPI at 2.5% and services inflation at 2.9% indicate persistent price pressure
- CBC may raise policy rate by 12.5 basis points in H2 2024, after March's 12.5 bp hike to 2%
- USD/TWD at 32.19 but could pull back once seasonal dividend outflows fade
- DBS expects the Bank of Korea to raise the base rate to 2.75% in July, up from 2.50%
- CPI inflation has stayed above 3% year‑over‑year for two consecutive months through June
- Robust export growth and AI‑driven investment are supporting the economy
- Weak KRW performance and portfolio outflows provide additional impetus for tightening
- Current CD rates are flat at roughly 4% APY.
- The Federal Reserve's next policy meeting (July) could shift rates, affecting CD yields.
- Locking in now secures 4% but may miss higher rates if the Fed raises rates later.
- Waiting risks lower yields if the Fed cuts rates after the meeting.
- Choice depends on market expectations for the Fed's July decision.
- SME Credit Boost loans reached 5.4 bn baht in the first three months, exceeding the 5 bn baht target
- Bank of Thailand aims for 40 bn baht total SME lending in 2026 and 50 bn baht by June 2027 across both schemes
- SME loan outstanding fell 7.4% YoY in April while the SME NPL ratio rose to 11.3%
- SMEs Secured Plus scheme launched on April 8, with 14 banks offering relaxed collateral from June
- Debt restructuring programme has 102,277 retail NPL accounts as of May 31, targeting 200,000 by end‑June
- Bipartisan housing‑affordability bill becomes law at midnight, adding a four‑year prohibition on a Fed digital dollar.
- Ban prevents the Federal Reserve from issuing a CBDC until at least 2028, despite no active program.
- President Trump did not sign the bill but it becomes law after the 10‑day window, making the restriction effective immediately.
- Restriction is viewed as a win for the crypto industry that opposes a U.S. CBDC competing with stablecoins.
- Greenspan’s 1966 monetary principles emphasized price stability and limited intervention.
- The author argues Greenspan should have adhered strictly to those principles during his tenure.
- Sticking to the 1966 framework could have altered the Fed’s response to inflation and financial crises.
Energy/Oil 19
- ICE Brent settled above $76 per barrel, up roughly $4 in the past week
- Renewed US‑Iran strikes slowed traffic through the Strait of Hormuz, reviving supply‑disruption fears
- Geopolitical risk premium in the Middle East re‑elevated, supporting higher global oil prices
- WTI crude rose 4.94% to $71.84 on geopolitical supply risks
- Weekly range: $67.82–$76.08 as Hormuz tensions fueled volatility
- Risk premium increased on concerns over Strait of Hormuz oil shipment security
- Ukrainian drones hit the Omsk refinery, which processes about 22 million tons of crude annually
- The shutdown pushed Kyrgyzstan and neighboring countries into acute fuel shortages
- Region's lack of a coordinated energy strategy leaves it exposed to supply shocks
- Supply disruption could tighten global oil markets, supporting Brent and WTI prices
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- The International Energy Agency (IEA) is re-evaluating its oil market projections.
- The IEA is specifically questioning its previous forecast for an oil surplus by 2027.
- This re-evaluation introduces new risks and uncertainty to the global oil outlook.
- France will cut output at up to five nuclear reactors as temperatures soar
- Two reactors have already reduced generation this week due to cooling water constraints
- Rising river temperatures risk rolling blackouts across Europe's overstressed power grids
- Ceasefire negotiations cut the Hormuz risk premium on Brent to around $5‑10 per barrel
- WTI and Brent price spreads have tightened to a $2‑3 range in the past week
- Analysts recommend tight stop‑losses as any setback could reignite volatility
- Shipping insurance costs for tankers have fallen by roughly 15% since talks began
- Escalating geopolitical crises threaten global energy supply
- AI boom stresses power grids, driving potential energy deficit
- Heat waves underscore urgency of global clean energy transition
- WTI price holds near $72 amid hopes of US-Iran de-escalation
- Supply concerns remain due to ongoing disruptions in the Strait of Hormuz
- Stronger Oil demand projections from the International Energy Agency support prices
- Global oil demand forecast to drop 1 million barrels per day YoY in 2026, the first annual decline since 2020.
- The decline is driven by disruptions in the Strait of Hormuz amid the Iran‑Israel conflict.
- Brent crude fell to $76.25 per barrel and WTI held at $72.09 per barrel as markets price the demand shortfall.
- IEA expects a surplus later in 2026 if tanker flows recover, but the outlook remains highly uncertain.
- Recovery hinges on a cease‑fire and reopening of Hormuz, with renewed hostilities raising risk.
- Ukrainian drone attacks on Russian refineries force Moscow to curb fuel exports
- Kyrgyzstan reports shortage of premium‑grade gasoline, prompting shift to standard fuel
- Uzbekistan sees gasoline price increases as supply tightens
- Kazakhstan implements tighter market controls to safeguard domestic fuel supply
- Kazakhstan prolongs its petroleum export ban for six months, restricting fuel shipments abroad
- Nearly 60 police checkpoints installed along the Russia border to curb gasoline tourism
- New border rules limit trucks and cars to one crossing per day
- The ban follows heightened US‑Iran tensions in the Hormuz Strait and worsening gasoline shortages in Russia
- Total US drilling rigs increased to 581, 44 more than a year ago
- Oil rigs remained at 445, 21 above the same time last year
- Gas rigs stayed at 126, 18 higher than a year earlier
- Increase driven by a gain of 1 miscellaneous rig
- Eight cooperation agreements signed covering energy, critical minerals, infrastructure and agriculture
- Namibia's first female president Netumbo Nandi‑Ndaitwah led the talks to attract investment
- China aims to secure an early foothold in a potential African oil and mineral production hub
- Namibia seeks to diversify its economy while grappling with high unemployment
- OPEC+ meeting marked by disagreements among members
- Risk of supply cuts if talks do not reach consensus
- Oil prices remain volatile amid uncertainty
- IEA executive director Fatih Birol urges the EU to reverse its 2021 Arctic drilling ban.
- Norway, outside the EU, is prepared to drill in the Barents Sea, which holds most of its remaining oil and gas reserves.
- Removing the ban could increase European oil supply and support higher Brent and WTI prices.
- Front‑month natural gas futures extended their decline after Thursday's larger‑than‑expected inventory build.
- U.S. gas stockpiles rose unexpectedly, adding pressure on prices.
- Freeport LNG announced planned maintenance that will reduce output in the near term.
- UAE produced 4.1 million barrels per day in June, up from 3.3 million bpd in May
- Output rose after UAE left OPEC on May 1 and began increasing production
- June output doubles UAE's pre‑crisis production levels
- Increase occurred despite a partial blockade of the Strait of Hormuz in early June
- NTPC Ltd issues tender to hire consultants for uranium asset investments in Australia, Canada, Kazakhstan, South Africa
- Bid deadline set for July 16 to identify potential uranium mines
- Move aims to secure fuel for India’s expected nuclear power capacity expansion
- JAPEX targets a near‑fourfold increase in U.S. oil and natural gas production by 2035
- The expansion could enable crude exports to Japan in the event of an energy crisis
- Growth will rely on acquiring additional U.S. oil and gas assets and boosting existing fields
- Plan supports Japan's broader energy‑security strategy amid global supply concerns
Gold/Metals 13
- Gold fell 0.45% on the day, trading around $4,104, putting it on track for a weekly loss
- Markets assign a 58% probability of a Fed rate hike at the September meeting, pressuring gold
- XAU/USD remains below its 50‑day, 100‑day and 200‑day SMAs, with resistance near $4,200 and support around $3,950
- Gold recorded its worst quarterly performance in 13 years after a two‑year rally to $5,600 in January
- Gold prices may be influenced by September's Fed pricing, not July's
- CPI data in September could impact Fed's rate decision and gold prices
- Higher CPI in September may lead to a more hawkish Fed stance, hurting gold
- Iron ore prices head for their largest weekly rise since early May
- A potential strike at BHP's Port Hedland export terminal raises supply concerns
- Market participants anticipate tighter physical availability driving price rally
- Silver respects lower‑high structure; RSI stays below 50, keeping downside momentum.
- Break below $57.22 could expose YTD low and support at $54.30.
- Neutral shift possible if buyers retake $62.25‑$62.50 resistance zone.
- Current XAG/USD price sits at $59.66, down 0.54% on high US Treasury yields.
- Q2 net profit for major miners rose roughly 12% YoY, driven by higher gold prices.
- Spot gold up about 8% YTD, but miners' price-to-earnings multiples fell 5% versus last quarter.
- Analysts warn the valuation disconnect could persist, prompting mixed outlook for miner stocks.
- Some brokerages trimmed price targets for miner ETFs, while maintaining bullish stance on physical gold.
- XAU/USD slipped 0.48% to about $4,103.
- US 10‑year Treasury yield rose 2 bps to 4.569% after the ceasefire comment.
- Dollar Index (DXY) held at 100.94, supporting the gold decline.
- Gold stays below its 200‑day SMA at $4,493, with support near $4,021.
- Gold price remains under the $4,156 per ounce resistance level.
- Momentum indicators improve but fail to push gold above $4,156.
- Technical outlook stays bearish, with downside support near $4,100.
- Traders await upcoming US inflation data for potential catalyst.
- Fortuna Mining will spend $71 million (C$101 million) on projects in Argentina and Peru in 2024
- The capital is aimed at expanding gold output from its Latin American operations
- The investment underscores a strategic focus on higher‑grade gold assets in the region
- Silver trades around $59.90 per ounce, down 0.08% on Friday.
- CME FedWatch indicates a high probability of at least one Fed rate hike before year‑end.
- Investors await US CPI data on Tuesday for clues on future monetary policy.
- Higher oil prices from Middle East tensions boost inflation fears, supporting a stronger USD and weighing on silver.
- Global aluminium supply constraints are easing, reducing shortage risk
- Analysts have revised down aluminium price forecasts for the year
- Expected aluminium prices may trend lower amid improved supply outlook
- China's industrial activity and green energy demand may drive silver's next leg
- Fed rate path remains secondary to physical demand from Asia
- Silver at $28/oz, near 2024 highs but vulnerable to policy shifts
- Four firms highlighted for new exploration projects
- Projects span British Columbia, the Prairie provinces and the Far North
- Focus on extracting critical minerals such as copper, lithium and rare earths
- Gold finished lower for the day
- Silver also ended lower for the day
- Both precious metals posted weekly declines
Crypto 33
- Circle received final OCC approval to establish a national trust bank
- The charter lets Circle act as custodian for its own reserves and hold crypto assets for institutional clients
- Circle shares jumped roughly 10% in premarket trading after the announcement
- USDC stablecoin is valued at about $73.2 billion
- Circle's stock is down 20.5% year‑to‑date, with a market cap near $15.7 billion
- Crypto market valued at over $2.23 trillion
- Bitcoin has lost more than 50% of its value since its October 2025 peak
- Institutional investors continue to pour billions into digital assets despite volatility
- Governments and banks are integrating crypto while sanctioned states use it to bypass sanctions
- Regulatory frameworks are lagging behind rapid crypto adoption
- Circle, issuer of the USDC stablecoin, received final U.S. OCC approval to establish a federally supervised national trust bank.
- The new entity, Circle National Trust, will initially provide fiduciary digital asset custody for Circle and affiliates, with potential expansion to institutional clients.
- The approval allows Circle to pursue future plans for managing USDC reserves under OCC supervision.
- Circle's shares are up 14% in pre-market trading following the announcement.
- This move reflects a growing trend of crypto firms seeking federal banking licenses to integrate into the regulated financial system.
- Finance Minister Katayama urges GPIF to shift more of its $2 trillion assets into domestic bonds and other local assets
- GPIF currently holds $931 bn in foreign assets, including $232.1 bn in U.S. Treasuries, which could be redirected
- Bitcoin trades above $64,000, with resistance at $65,440 (50‑day MA) and next targets $67,300 and $74,000
- Gold and other limited‑supply assets are seen as inflation hedges amid Japan’s >200% debt‑to‑GDP ratio
- Yen pressure and high bond yields may spur risk‑off, but crypto remains buoyant
- Bitcoin (BTC) rose to $64,400, retesting resistance with a breakout toward June 15 high of $67,250
- Altcoins led gains: LIT surged 200% since May 16 after Robinhood Chain partnership; Hyperliquid's HYPE token rose 2.8%
- Derivatives data showed stabilizing positioning: OI rose 3% to $110.52B, volume fell 7% to $140B, funding rates turned positive
- Kraken's upcoming app will deploy AI agents that continuously monitor markets, identify opportunities, and suggest trades, with execution only after user confirmation.
- The onboarding flow uses AI to profile users' goals, risk tolerance, and funding preferences, then generates a draft portfolio for review and approval.
- The rollout comes during a prolonged crypto bear market, joining rivals Coinbase and Gemini that have recently introduced AI-assisted trading tools.
- Metaplanet holds 43,000 BTC (~$2.5 bn) to serve as collateral for the proposed credit instruments.
- The group includes JPYC stablecoin issuer, Progmat security‑token platform, and Siiibo Securities (acquired for ¥2.1 bn).
- Targeting mid‑size Japanese firms, the plan aims to enable 24/7 on‑chain trading, automated interest accrual and transparent redemptions.
- No issuance timing, terms, or yields have been confirmed yet.
- Longer-term MACD histogram crossed above zero, signaling bullish momentum
- Bitcoin trading just above $64,000 with key resistance at $65,434 (50‑day SMA) and $67,292 (mid‑June high)
- 200‑day SMA near $71,147; a clear break could confirm a full uptrend
- Deribit options open interest at $80,000 exceeds $1.21 billion, may add volatility
- Meta agents are used by over 1 million weekly active businesses on WhatsApp
- Conversational commerce in Asia is projected to reach $39.5 bn by 2034, driven by AI
- Meta will integrate regulated third‑party stablecoins rather than launch its own token
- Decentralized identity is seen as the missing verification layer for agentic payments
- Five Democratic senators have called for a Senate committee hearing.
- The hearing would probe possible influence of UAE-linked crypto funding on Trump's policies.
- The request coincides with ongoing discussions of the CLARITY Act, a crypto‑regulation proposal.
- No specific cryptocurrency is named, but the focus is on broader crypto funding concerns.
- President Trump confirmed he will not sign the 21st Century ROAD to Housing Act.
- The bill includes a prohibition on a US central bank digital currency until the end of 2030.
- Without Trump's signature, the legislation is expected to become law on Saturday.
- The ban could delay any future US CBDC initiatives and affect related crypto regulation.
- Five Senate Democrats urged hearings into Trump's crypto ventures after his 2025 financial disclosure
- Trump's crypto business reportedly generated about $1.4 billion in the first year of his second term
- A UAE-linked group allegedly purchased a 49% stake in World Liberty, prompting national‑security concerns
- Disclosure shows $580 million in crypto‑related income, including $515 million from token sales
- Republicans have not scheduled hearings, while a House inquiry into the UAE investment continues
- Backpack introduces a tokenized equity offering to enable round‑the‑clock trading
- Tokenized stocks are among the fastest‑growing segments of the crypto market
- Traditional finance firms and exchanges are expanding 24/7 trading capabilities
- Regulators are redefining crypto rules, prompting stablecoins to focus on specialized use cases
- Strategy's recent Bitcoin sale highlights continued institutional interest in direct crypto exposure
- Vanguard's move toward tokenizing assets signals growing acceptance of blockchain-based securities
- USDT and USDC dominate the stablecoin space, positioning themselves as preferred mediums for transactions
- Hyundai moved $20,000 USDT from its U.S. unit to Mexico, cutting transfer time to about 7 minutes versus 3‑4 hours via banks
- First major South Korean company to adopt internal stablecoin transfers for treasury management
- Plans to expand to more corridors, including a Europe pilot with Circle and Visa to test local currency transfers and FX costs
- Bitcoin price hit $64,000, its highest level in recent weeks
- US whale activity pushed the Coinbase Premium above a key trend line
- CryptoQuant flagged the premium breach as a catalyst for the rally
- MiCA license enables crypto firms to operate throughout the EU
- ESMA will assess whether custodians meet required security and resilience standards
- Custodians must comply with the review to retain their operating licences
- Crypto industry has earmarked $189M for a political campaign supporting the CLARITY Act.
- The CLARITY Act is moving through Congress, drawing heightened scrutiny of crypto's political influence.
- Lobbyists aim to shape regulatory outcomes that could affect the broader cryptocurrency market.
- 27-firm consortium led by Genlayer Foundation launches 'Internet Court' for AI agent disputes
- Protocol integrates MetaMask Smart Accounts Kit (ERC-7710, x402 Facilitator) for interoperable payments and escrow
- Aims to resolve contractual disagreements in agent-to-agent transactions amid fragmented AI commerce infrastructure
- Prisoner Rossen Iossifov charged with laundering $290,000 in forfeited Kraken crypto after 2021 conviction
- Previously convicted of racketeering and laundering nearly $5M via crypto exchange RG Coins
- DOJ intensifies crypto enforcement amid global crackdown on illicit flows
- Japanese lender CRYL offers Bitcoin-backed loans up to $6.2M
- Loans available to individuals and businesses
- Part of broader trend of Japanese firms exploring Bitcoin in lending
- Hong Kong's multi‑currency framework and clear regulations make it attractive for stablecoin integration
- Payward aims to link stablecoins with traditional finance to cut transaction costs for businesses
- The gateway is expected to lower risk exposure and facilitate expansion into emerging Asian markets
- Hong Kong leverages its historic role as an international business hub to support crypto‑finance connectivity
- Polymarket’s U.S. affiliate filed for a National Futures Association (NFA) futures commission merchant license to enable margin trading.
- The platform also seeks CFTC approval to amend its rulebook for non‑fully‑collateralized positions.
- The move follows Kalshi’s March clearance for margin trading and comes as prediction‑market volume reached $51 bn in 2023, projected $240 bn by 2026.
- Polymarket previously settled a $1.4 million CFTC case and halted U.S. service in 2022.
- Bitcoin has traded within the $60k-$70k band for 307 days, the third longest $10k range in its history.
- Around 6% of Bitcoin's circulating supply last moved between $58k and $64k, creating a cost‑basis support cluster.
- The price remains above the 200‑week moving average, currently near $62,873.
- Bitcoin is still roughly 50% below its all‑time high set in October 2023.
- The prolonged sideways trading highlights uncertainty over whether the range will break higher or lower.
- Binance plans to secure several new licences across Asia in 2024, adding to its presence in Japan, India and the Philippines.
- The exchange will announce more licences throughout the year as it expands its regional footprint.
- Binance spends over $300 million annually on compliance, with roughly 25% of its global workforce dedicated to the function.
- The platform now has about 323 million users and aims to reach 3 billion by 2030.
- In the EU, Binance withdrew its MiCA licence application in Greece after delays but continues talks with regulators.
- More than $70 million worth of ETH transferred onto Robinhood Chain in its inaugural week
- The bridge activity underscores Robinhood’s strategy to use Ethereum as the settlement layer for tokenized assets
- HashKey Group’s Tim Sun called the move a solid foundation for liquidity in tokenized markets
- XRP gained 1.8% in 24‑hour session, moving from $1.0827 to $1.1026
- Breakout above $1.10 on a volume spike of 43.5 million XRP, 88% above the 24‑hour average
- Key support now at $1.10; next downside level $1.0880, near‑term resistance $1.1065‑$1.13
- Analysts split: upside targets $1.19‑$1.23 versus downside risk below $1.09
- Bitcoin up 1.15% in USD terms, but only 0.68% versus JPY as yen moved to 161.55 per USD
- Japan's June producer price index rose 7.1% YoY, the fastest increase since March 2023
- BOJ may accelerate rate hikes, potentially pushing rates above 2% amid intervention fears
- GPIF oversees roughly ¥277 trillion ($1.9 trillion) and is urged to shift more assets into domestic markets
- Ironwood upgrade set for July 28 (block 3,428,143) after a one‑week delay from the July 21 target
- Upgrade will close the compromised Orchard pool, create a new private pool, and may expose any counterfeit ZEC tokens
- ZEC price dropped 50% to $299.25 after the bug disclosure, now trading around $492.61
- More than 80% of the 21 million ZEC supply issued, with 16,806,723 ZEC currently in circulation
- Bitcoin rose 3.5% to about $64,000, up 4.2% for the week
- Asian semiconductor and AI stocks rallied, with MSCI Asia Pacific up 1.4% and South Korea's Kospi up 4%
- Japanese yen strengthened 0.6% and long‑dated JGB yields fell as the dollar weakened for a second consecutive week
- Bitcoin’s move was driven by leverage liquidations and a weaker dollar rather than crypto‑specific news
- Security researchers found malicious code inserted into the official Injective NPM package
- The backdoor was designed to capture private keys from wallet integrations
- No confirmed thefts reported yet; developers advised to audit and replace the compromised package
- New Hampshire executive council voted against the Bitcoin-backed bond measure.
- The proposal sought to issue $100 million in Bitcoin-denominated bonds.
- State Rep. Keith Ammon called the decision short-sighted and urged reconsideration.
- The vote marks a setback for municipal crypto financing initiatives.
- DeFi tokens have outperformed Bitcoin in recent performance
- Bitwise notes DeFi usually swings harder than Bitcoin, making the hold unusual
- The outperformance could lead to a quiet re-rating of DeFi assets
Geopolitics 53
- Hormuz Strait traffic down to 14 vessels on Thursday, from 35 a day earlier
- US ends ceasefire with Iran, raising concerns over commercial recovery
- Analysts warn of further escalation due to unaddressed differences in framework agreement
- UK High Court rules Nord Stream AG's insurance claims are void due to war exclusion
- Judge rejects Nord Stream AG's argument that damage was caused by a ship's anchor
- Insurers Lloyd's and Arch relieved of liability for $662 million in claims
- President Trump announced the US will re‑engage in talks with Iran
- Trump declared the existing ceasefire between the two nations is over
- Iran is reported to have requested continuation of diplomatic talks
- The contradictory messages raise uncertainty over future diplomatic progress
- Qatar dispatches negotiators to Iran for talks to ease tensions and preserve broader diplomatic negotiations.
- Discussions focus on US-Iran memorandum of understanding and navigation disputes in the Strait of Hormuz.
- Potential progress may reduce geopolitical risk premiums across energy markets.
- China's People's Daily joined Beijing's rhetorical offensive against the Philippines regarding the South China Sea.
- This offensive precedes the 10th anniversary of the 2016 South China Sea arbitration ruling, which Beijing rejects.
- The official newspaper branded the July 12, 2016, decision as a 'destabilizing force'.
- Beijing is demanding Manila pivot to direct talks over the maritime dispute.
- US Pentagon added more than 60 Chinese companies to a blacklist, citing links to the Chinese military
- Listed firms include Alibaba, Baidu and BYD among the dozen or so major tech and auto names
- China responded with export controls targeting key US products, saying Washington ignored the May Trump‑Xi agreement
- Mojtaba Khamenei did not attend the funeral of Ali Khamenei, who was killed on Feb 28 in an air strike.
- His absence fuels speculation about his health and security concerns amid the ongoing US‑Israeli war with Iran.
- Analysts suggest the new supreme leader may adopt a different, possibly less centralized, role than his predecessor.
- The funeral in Mashhad concluded Thursday, attended by senior Iranian officials, underscoring the regime's continuity.
- DoD added 64 Chinese firms on June 8, raising the CMC List total to 188 entities
- The expanded list includes high‑profile companies such as Tencent, DJI, Alibaba and Unitree
- Inclusion imposes no immediate export controls but creates a shared risk‑assessment framework for future policy actions
- The move underscores Washington’s focus on China’s military‑civil fusion and dual‑use technologies
- Agencies may face new lobbying and procurement restrictions for firms designated on the list
- Kazakhstan is shifting its official historical narrative, moving its origin point from 1991 independence to earlier periods.
- The initial post-1991 framework, championed by former President Nazarbayev, focused on civic nationhood due to diverse demographics.
- Russian President Putin's 2014 remarks questioning Kazakh statehood spurred efforts to establish deeper historical roots.
- President Tokayev has formally integrated the Golden Horde (Ulus of Jochi) into the national narrative, commemorating its 750th anniversary and establishing related research and cultural projects.
- This re-evaluation is reflected in a new seven-volume national history and popular culture productions, including a Netflix series.
- Ukraine hit 14 Russian tankers in Sea of Azov in 96 hours, disrupting fuel supplies to Crimea
- Russian gasoline shortages worsen as drone strikes target refineries up to 2,500 km from Ukraine
- Russia's GDP growth stalled in Q1 as private sector contracts amid war costs and labor shortages
- Indian PM Modi's visit to Australia solidified a comprehensive package of agreements across defense, economic security, energy, education, science, and technology.
- A new Joint Declaration on Defense and Security Cooperation aims for a 'step-change,' including an Annual Defense Ministers’ Dialogue, deeper interoperability, and expanded military exercises.
- Economic engagement focuses on clean energy, education, agribusiness, tourism, critical minerals, and supply chain resilience, aiming to shift market dominance from China.
- Arrangements for Australia to export uranium to energy-hungry India under IAEA safeguards were finalized, symbolizing increased trust despite India's non-NPT status.
- The agreements reflect a holistic view of national security, establishing a long-term strategic partnership between the two nations.
- China identified 1.84M tons of new chromite and high-purity quartz deposits in Tibet for solar/semiconductor supply chains
- Yulong Copper Mine produced 159,100 tons of copper in 2024 and 125,000 tons in Jan-Sep 2025, with 11.6B yuan output in 2025
- Julong copper mine to reach 350,000 tons/year capacity upon completion, becoming China's largest standalone copper mine
- Khamtok Dege Dam threatens to displace 4,287 residents and submerge six ancient monasteries in Tibet
- China arrested over 1,000 Tibetans protesting dam construction and mining practices in 2025
- US announces plan to lift sanctions imposed on Turkey 7 years ago over Russian air‑defence purchases
- Turkey expected to re‑enter the F‑35 stealth‑jet programme, pending final approval
- Israel has voiced strong opposition to Turkey’s renewed participation in the F‑35 deal
- President Trump emphasized "good chemistry" with Erdogan and said the move aims to support allies
- 19th‑century era defined by coal, 20th‑century by oil, early 21st‑century by semiconductors
- AI is poised to become the next strategic resource driving geopolitical rivalry
- Control over AI talent, data, and compute could shape the global power balance
- China deployed naval and coast guard assets in the South China Sea on May 3, targeting Philippine and Japanese interests
- Beijing criticised Manila and Tokyo for strengthening bilateral ties, viewing them as obstacles to Taiwan reunification
- The maritime show of force heightens regional security tensions and could impact trade routes in the area
- Trump fired the three remaining Election Assistance Commission members, leaving the agency empty.
- The dismissals came with less than four months before the November midterm elections.
- The action follows a Supreme Court 6-3 ruling that permits presidents to remove members of independent agencies.
- Democrats and Senate Minority Leader Chuck Schumer called the move a bid to seize control of the election process.
- Republican commissioner Donald Palmer had already resigned in April for a Heritage Foundation position.
- Prime Minister Modi's July 8-10 visit secured MoUs on maritime security, nuclear energy, emerging tech and more.
- Australia signed an Administrative Arrangement to allow uranium exports to India, creating a framework for private contracts.
- Australia holds about 28% of global uranium resources but accounts for only 6.7% of worldwide uranium exports.
- The deal reflects a broader Indo‑Pacific strategic shift, with both nations pledging tighter defence cooperation amid China concerns.
- Administration links anti‑terrorism grant eligibility to election‑security compliance
- States must certify election‑security measures to qualify for funding
- Grants are available to all states, with allocation based on compliance
- Second island-wide blackout in a week, fourth total outage this year
- U.S. oil blockade imposed in January cut off foreign fuel supplies to Cuba
- Renewables account for ~18% of Cuba's energy; target is 25% by 2030
- Beijing warns it will not tolerate actions that breach its sovereignty claims in the South China Sea.
- Manila's new "transparency" campaign is viewed by China as a challenge to its red lines.
- Wu Shicun says China may respond with diplomatic protests, increased patrols, or legal measures if red lines are crossed.
- Rising tensions could impact regional security and vital trade routes.
- All 46 abducted students and staff rescued after 56 days of captivity
- Eight kidnappers arrested and an unspecified number killed in the operation
- Kidnappings blamed on Boko Haram occurred in three schools in Oyo, marking a shift from the north
- Air strikes in southern Lebanon damaged the UNESCO World Heritage city of Tyre
- Multiple historic landmarks reported as catastrophically destroyed
- Reporter Rob McBride visited the site on July 10, 2026 to assess damage
- On June 30, the US Supreme Court reaffirmed the 1898 Wong Kim Ark decision, citing it over 100 times.
- President Trump has vowed to repeal birthright citizenship, urging Congress to amend the Constitution and asking the Court to revisit the ruling.
- Foreign‑born residents now make up 15.8% of the US population, the highest share since 1890 (14.8% then).
- The Wong Kim Ark case established that anyone born on US soil is a citizen regardless of parentage.
- Witnesses say the victim did not ram or weaponise his vehicle, contradicting DHS statements
- 52‑year‑old Lorenzo Salgado Araujo was shot by an ICE agent during a traffic stop on July 7 in Houston
- Mexican President Claudia Sheinbaum will ask US prosecutors to open a criminal investigation into the killing
- The case follows earlier controversial ICE shootings of two U.S. citizens in January
- President-elect Keiko Fujimori said she will work to end the diplomatic rift with Mexico.
- The rift started after Mexico granted asylum to former PM Betssy Chavez and Castillo's family in November.
- Peru had declared Mexican President Claudia Sheinbaum persona non grata and banned her entry.
- Fujimori won the June 7 runoff and will be sworn in on July 28.
- Mexico called Peru's severing of ties "excessive" and said it will await further talks.
- Drone attack on Kamal Adwan Hospital in Beit Lahiya injured at least six staff members (three in courtyard, three nearby)
- Strike occurred despite a ceasefire and the hospital being in the Israeli‑controlled "Green Zone"
- Palestinian Health Ministry labeled the attack as part of systematic targeting of health facilities and called for UN condemnation
- Overall, at least a dozen people were injured in Israeli attacks across Gaza on Friday
- UK, France, Belgium, Italy and Spain have taken steps to limit cooperation with Israel since the 2023 Gaza war
- Israel and India signed a Bilateral Investment Agreement effective July 4 2026 and a defense MoU in Nov 2025, with an FTA under final negotiation
- Stalled talks with Saudi Arabia after the Gaza conflict accelerate Israel's shift toward Asia
- Israel is pursuing deeper ties with Vietnam, Philippines, Singapore, Thailand, Japan, South Korea and exploring relations with Indonesia
- North Korea launched its first military recon satellite, Malligyong-1, in November 2023 and announced plans for a multi-satellite constellation.
- Building a comparable constellation would require years, multiple launch slots and advanced ground infrastructure.
- Russia's existing Earth-observation satellite fleet can deliver processed intelligence to Pyongyang instantly, bypassing the need for technology transfer.
- Moscow already shares satellite-derived intelligence with Belarus, a model it could extend to North Korea while retaining control over sensitive tech.
- Malaysian PM Anwar Ibrahim and Thai PM Anutin Charnvirakul held diplomatic talks.
- Leaders aim to resolve a 'damaging trade row' between the two nations.
- Discussions also focused on enhancing security along their porous border.
- India acquires 9 retired British-built Jaguar jets for spare parts
- Spare parts to sustain 6 operational Jaguar strike squadrons
- Practical stopgap measure for depleted fighter fleet
- Johor state election scheduled for Saturday, covering all 56 assembly seats.
- Barisan Nasional (BN) projected to regain control, challenging Prime Minister Anwar Ibrahim’s coalition.
- BN will contest against federal partner Pakatan Harapan (PH) in a traditional BN stronghold, exposing unity‑government tensions.
- Result could signal broader political stability risks for Malaysia’s federal administration.
- President Trump signaled intent to resume hostilities with Iran after a contentious NATO summit in Turkey
- He accused European allies of under‑investing in defense and urged greater support against Iran
- Trump also advocated for U.S. control over Greenland amid rising strategic tensions
- Analysts note that advances in AI are accelerating changes in the nature of war and conflict
- RSP won nearly two‑thirds of seats in Nepal's lower house in the March 2026 election.
- Dispute over party nominations has delayed formation of the central committee and office‑bearer posts.
- New party statute lets the chair replace the parliamentary leader, threatening Shah’s premiership.
- Shah broke his foreign‑engagement ban, meeting an ADB official, while India and China voice displeasure.
- Xi and North Korean Premier Pak Thae-song met in Beijing, urging tighter "combat friendship"
- Visit comes ahead of the 65th anniversary of the China‑North Korea defence treaty
- It is Xi's first overseas trip of the year and his first visit to Pyongyang in seven years
- Analysts view the meeting as a sign of warming ties between China and North Korea
- Chinese scholars at a June 30 symposium asserted sovereignty over the Philippines' Batanes islands.
- Philippine Defense Secretary Gilberto Teodoro called the claim baseless and ludicrous, rejecting it.
- The claim follows recent Philippines-Japan EEZ talks and a June 7 Chinese vessel passage through the Bashi Channel.
- Batanes, the northernmost province, has a population of 18,937 according to the 2024 census.
- The Philippine DFA said it will not entertain revisionist claims and urged focus on genuine regional studies.
- Trump extended early invitation to Xi, omitted Modi, signaling shift in US focus
- India hit with punitive tariffs for Russian trade, unlike China, Turkey, EU
- Strategic debate in Delhi splits between de‑Americanising grand strategy and maintaining US ties
- Trump's expected India visit downgraded from Quad agenda to uncertain schedule
- First ASEAN‑Myanmar foreign minister meeting in five years, set for July 12 in Bangkok.
- Myanmar conflict has displaced about 3.6 million people since the February 2021 coup.
- ASEAN split on engagement: Thailand and Laos push for dialogue, while Malaysia and the Philippines remain cautious.
- Myanmar’s leader Min Aung Hlaing has released political prisoners and moved Aung San Suu Kyi to house arrest to improve diplomatic ties.
- AFP aims to establish a dedicated military space centre by 2028.
- Centre will focus on satellite surveillance, communications and command for the archipelago and contested South China Sea zones.
- Analysts warn technical, financial and manpower hurdles could limit the project's effectiveness.
- The initiative seeks to counter growing Chinese activity in the South China Sea.
- Pakistan has started mediating between Libya's eastern and western administrations
- The effort follows Islamabad's recent role in easing U.S.-Iran tensions
- Mediation is supported by the United States and Saudi Arabia
- A quadrilateral meeting with the U.S., Iran, Qatar and Pakistan is slated for June 21 near Lake Lucerne
- Recent summit between Tokyo and New Delhi highlighted strengthening bilateral ties.
- Both nations see an opportunity to act as middle powers to shape regional security and trade.
- Cooperation is expected to focus on infrastructure, maritime security, and supply‑chain resilience.
- Leaders emphasize coordination with the United States and other allies to counterbalance great‑power competition.
- Johor state election held on Saturday, July 13, 2026, will act as an early gauge of Malaysia's political landscape
- The contest tests support for Prime Minister Anwar Ibrahim's ruling coalition and its ally's bid for a national comeback
- Analysts say the ongoing investment boom raises the stakes for voters evaluating tangible economic gains
- Two Fuji Electric group staff were detained by Chinese authorities in April for alleged breach of rare‑earth export rules.
- The case highlights Beijing's whistleblower incentive program targeting illegal export activities, even when violations are ambiguous.
- Japanese firms now face heightened compliance risk as China tightens enforcement on rare‑earth shipments, crucial for high‑tech industries.
- The incident could further strain Japan‑China trade relations and affect supply chains reliant on rare‑earth materials.
- Woomera Range Complex in South Australia spans an area larger than North Korea.
- Australia test‑fired its first domestically produced Guided Multiple Launch Rocket System missiles on 9 April.
- Japan, South Korea and Taiwan are expanding local missile production as U.S. stockpiles shrink.
- Authorities banned the Joint Awami Action Committee and imposed a shutter‑down strike in Neelum Valley on June 21.
- Protesters continued chanting slogans despite the crackdown, indicating persistent dissent.
- Analysts warn the suppression could push peaceful activists toward radicalisation, mirroring concerns in Balochistan.
- Trump received a retrofitted Boeing 747-8 from Qatar, prompting security scrutiny
- The jet made its maiden non-U.S. flight to Ankara before heading to a British airbase
- Officials and critics question the aircraft's safety and the diplomatic implications of the gift
- Sachs selected Hong Kong and Shenzhen as the final stop on a 43‑day, 15,000 km overland journey
- The trip began on June 13 from Rome, retracing the historic Marco Polo route
- He emphasizes the cities' pivotal role in advancing the global green and digital economies
- Two pilots, one a senior tactical commander, died in training last month
- Incidents occurred during PLA frontline flight exercises; details unclear
- Beijing has not issued an official comment on the fatalities
- The deaths underscore China's intensified military modernization and training
- Three suspects detained in Thessaloniki and Crete after July 1 car bomb that killed one woman
- Two more individuals arrested for a 2010 firebomb attack that left three dead
- July 1 attack targeted ruling party politicians in northern Greece
- European long‑haul arrivals to Bali are declining, while intra‑ASEAN travel is rising
- Airfares and energy prices stay elevated, increasing the cost of international vacations
- Tokyo‑London flights are being rerouted over the Arctic to avoid Russian airspace
- Hong Kong hosts the Saudi-founded LEAP conference to promote AI and technology connections with the Middle East.
- Chinese tech companies, including Cornerstone Robotics, plan to market surgical and other tech systems in the region, Southeast Asia, and Europe.
- The push follows business disruptions caused by the Iran war, prompting renewed diplomatic and commercial outreach.
- Festival opened Friday in Shanghai with a lineup that excludes Japanese musical acts.
- Despite the clampdown, Bilibili World attracted large crowds eager for Japanese IP such as Sony's titles.
- Sony Group maintained a presence with a booth showcasing merchandise, indicating continued demand for its content.
- Japanese Foreign Ministry will lower travel advisory levels for areas with armed conflict or political instability
- Change aims to align Japan's stance with other advanced economies
- Easing expected to facilitate business trips for Japanese companies
- Dozens gathered outside the UN in New York on July 9 to demand action on Tibet
- Protest follows the death of Lobsang Palden, who self‑immolated last week
- Three demonstrators were arrested during the demonstration
Tech/AI 36
- EU regulator says Instagram and Facebook violate the Digital Services Act by using autoplay and infinite scroll
- Meta could be fined up to 6% of its global annual turnover if changes are not made
- Commission demands default disabling of autoplay/infinite scroll and stronger screen‑time breaks
- Meta cites existing Teen Accounts that cap daily screen time at 15 minutes
- Final compliance decision expected in the coming months, with enforcement risk if unmet
- Apple claims OpenAI stole confidential design information from former Apple staff, including iPhone and Apple Watch details
- The suit names OpenAI, its hardware unit io Products, and two ex‑Apple engineers, one formerly VP of product design
- Apple seeks damages and an injunction to block OpenAI from using its trade secrets, potentially delaying OpenAI's IPO
- The filing notes roughly 400 OpenAI employees are former Apple staffers
- Companies prioritize model fit, cost, and orchestration over sheer size
- Open-weight models could generate >90% of AI tokens in the next 18‑24 months
- Perplexity's new system uses GLM 5.2 to route tasks to cheaper models, reserving premium models for complex jobs
- Ollama is used by >85% of Fortune 500 firms for managing open models
- The shift may pressure pricing power of leading AI labs such as OpenAI and Anthropic
- EU Commission demands disabling autoplay, infinite scroll and other addictive features on Facebook and Instagram
- Meta could be fined up to 6% of its global annual turnover if it fails to comply
- This is the second EU enforcement action against Meta this year, following an April ruling on child protection
- U.S. states are also pursuing penalties totaling $1.4 trillion over similar concerns
- OpenAI launched GPT-5.6 with three variants—Sol (flagship), Terra (balanced), Luna (lightweight).
- Chinese users continue to access the blocked service via VPNs and third‑party proxies.
- Despite higher pricing than local Chinese AI rivals, the models are praised for improved cost‑efficiency.
- SpaceX's near-term value remains tied to Earth-based AI infrastructure
- Terrestrial compute expected to drive growth and earnings for the rest of the decade
- Orbital AI remains a longer-term opportunity dependent on technological milestones
- US scientists utilized a Chinese-made general-purpose humanoid robot from Unitree Robotics for keyhole surgery.
- The robot, remotely controlled by two human surgeons, successfully removed a pig's gallbladder at the University of California San Diego (UCSD).
- A second robot provided assistance by controlling the endoscope and retracting tissue during the procedure.
- Tech stocks post largest weekly decline since 2020
- SK Hynix's US listing sparks investor interest
- Semiconductor sector under pressure due to supply chain concerns
- Muse Image launched on July 9 and was discontinued on July 12, just three days later.
- Privacy concerns centered on automatic opt‑in of public Instagram photos for AI use.
- SAG‑AFTRA and other users urged an opt‑out, prompting Meta to halt the feature.
- Meta stated the decision reflects feedback and a need for clearer user control.
- CASC launched a Long March orbital rocket and captured the booster on a recovery vessel using a net‑capture system.
- The booster carries payloads comparable to SpaceX’s Falcon 9; China aims to achieve booster reuse by year‑end.
- Reusable launch capability could lower China’s launch costs and increase competition for SpaceX’s Starlink in Africa, the Middle East and Southeast Asia.
- China’s recovery method differs from SpaceX’s landing‑leg approach, employing a net on a seagoing vessel.
- Superconducting qubits require periodic calibration to minimize error rates.
- Calibration cannot be performed during calculations, leading to drift issues for long algorithms.
- Google demonstrates using error‑correction data to recalibrate qubits on the fly.
- Continuous recalibration could improve reliability of complex quantum computations.
- Bill C-36, Canada's first major privacy overhaul in over 25 years, adds inferred data to the definition of personal information.
- Classifies information of anyone under 18 as sensitive and grants stronger deletion rights for children.
- Requires organisations to explain automated decisions and implement safeguards against re‑identification.
- Experts warn the reforms address data collection but may not fully mitigate AI inference harms.
- Legislation follows high‑profile AI incidents, including a February shooting where the suspect used ChatGPT.
- The United States and China have agreed to a new round of intergovernmental AI safety talks following the May Trump‑Xi summit.
- Former senior US China officials say the dialogue, even without concrete outcomes, is vital for US national security.
- Details of the talks remain limited, with no specific commitments disclosed.
- India deployed RISAT‑2 (2009) and GSAT‑7 military communications satellite, adding GSAT‑7R in Nov 2025
- India plans to launch 52 military satellites over the next five years under its space‑surveillance program
- China’s BeiDou navigation system achieved global coverage in 2020 and is being adopted by Pakistan for military use
- Reuters analysis of 40 Muse Image samples found the detector verified 100% of originals but only 45% after cropping
- Cropped images were reduced to roughly one‑third to one‑half of original size before testing
- Meta says its Content Seal watermark should survive common edits, but heavy cropping can erase the signal
- Google and OpenAI have issued similar cautions that their detection tools are not foolproof
- NASA targets International Space Station retirement by 2030, with a possible two‑year extension
- Draft Request for Proposals sets detailed expectations for U.S. firms to build commercial LEO stations
- Phase‑2 funding, previously delayed by Congress, could award substantially more money to one or two companies
- Earlier Space Act Agreements granted $140 million to Axiom and funded three firms five years ago
- Hong Kong secured exclusive Asian hosting rights for LEAP East for the next three years
- The inaugural Asian edition attracted over 25,000 visitors in three days
- The partnership highlights confidence in Hong Kong as a global innovation and technology hub
- Oratomic secured $300 million in Series A funding, co-led by ARCH Venture Partners, Spark Capital and Khosla Ventures.
- The laser‑based architecture claims fault‑tolerant operation with only 10‑20 k qubits, far fewer than typical designs.
- The company targets a commercially viable quantum computer by the end of the decade, skipping the NISQ stage.
- Investors include Bezos Expeditions, Lowercarbon Capital, and Vinod Khosla, who called it his firm’s largest initial investment.
- Competitor PsiQuantum pursues million‑qubit machines, but Oratomic argues its approach is simpler and less costly.
- Open-source AI platforms are now used by roughly 50% of Fortune 500 companies
- Firms start with frontier AI APIs but switch to open models as scaling drives up costs
- CEO warns a handful of large firms could dominate the AI ecosystem if open-source adoption stalls
- Chinese companies lead the charge in developing 'world models' for AI
- Technology simulates how the physical or digital world changes over time
- Still in its infancy with no consensus on ultimate application
- Long March 10B to launch from Asia on Friday with reusable first stage
- Skyroot's Vikram-1 may attempt launch as early as Sunday
- RFA One's inaugural flight from SaxaVord Spaceport in Scotland set for August 10
- EU lawmakers pass legislation allowing tech firms to scan private chats for illegal content
- End‑to‑end encrypted messages are exempt from the scanning requirement
- The new rules apply to communications up to the year 2028
- The measure aims to combat abuse material while preserving encrypted privacy
- GalaxySpace cites Hong Kong and Macau as irreplaceable strategic positions for China's commercial space industry
- The cities' regulatory and financial ecosystems are expected to facilitate overseas export of space technologies and services
- Company plans to leverage Hong Kong and Macau to expand its commercial space offerings internationally
- The Asia-Pacific region employs roughly 2 billion workers.
- AI usage is expanding, yet its penetration in core labor-intensive sectors is still unclear.
- Productivity gains depend on AI integration within the jobs that dominate the regional economy.
- OpenAI launched GPT 5.6 and announced it as the "preferred model" for Microsoft 365 Copilot.
- Microsoft has been testing its own MAI models in Word and Excel to reduce costs, but will still rely on OpenAI's model for the broader suite.
- The "preferred model" label does not specify usage depth, indicating the partnership remains active.
- No reports suggest that ChatGPT will be removed from Microsoft productivity apps.
- Successful recovery trial conducted on July 10 using a net-like structure offshore.
- Demonstrates a step toward reusable launch capability and lower mission costs.
- Highlights China's push to match U.S. advancements in space technology.
- Mitsubishi Estate will allocate about 1.5 trillion yen (~$9.3bn) to build large‑scale data centers in Japan.
- The investment targets growing AI‑driven demand for data‑center capacity.
- Project rollout aims to leverage the developer’s experience from US data‑center projects.
- Chipmakers are projecting equipment demand for at least the next two years
- Applied Materials will coordinate capacity expansions to match long‑term demand
- AI‑driven investment surge may extend beyond the usual short‑term cycle
- The outlook points to a multi‑year growth phase for semiconductor equipment suppliers
- Hong Kong signed an MoU with Saudi Arabia's Public Investment Fund to launch a $1 billion joint fund for Hong Kong firms expanding into the Gulf.
- Chinese food‑delivery platform Keeta, backed by Meituan, now leads Hong Kong's market and has entered six Gulf countries, adapting operations for local customs.
- China will tighten AI rules on July 15, banning virtual intimate relationships for minors and requiring parental consent for users under 14.
- Anthropic is cracking down on Chinese access to its Claude models, prompting firms to use VPNs and workarounds despite the ban.
- U.S. corporate use of Chinese AI models surged in June, driven by API fees up to 20× lower than Anthropic’s rates.
- JAXA scheduled the RV-X test flight for July 11
- RV-X is a prototype reusable launch vehicle aimed at cutting costs
- The test is positioned as a response to SpaceX's reusable rocket technology
- HyperTexting launches as a free iOS app that turns web content into a social‑media‑style feed
- The app aggregates RSS feeds behind the scenes, letting users follow websites, blogs, and podcasts
- Includes an optional Safari extension for adding sites on the fly and an Explore section for trending content
- Future plans may add premium subscriptions or a single daily sponsored post for revenue
- Steam Machine compatibility badges appear on Steam store pages starting July 2026
- Games already verified for Steam Deck automatically receive Steam Machine verification
- Titles confirmed incompatible with SteamOS are excluded from Steam Machine support
- Games that run on SteamOS but miss the 1080p/30 fps threshold stay unverified, mirroring "Unsupported" on Steam Deck
- Firmware version 2071353020 was released in early June.
- Some users report the update bricking their Bridge Pro devices, showing a red LED.
- Philips announced free replacement units for affected customers.
- Reports of the issue surfaced in late June via Reddit and tech news outlets.
- Skyroot Aerospace claims capacity to build one launch vehicle per month.
- The firm targets full commercial operations by 2025.
- India's first private orbital rocket launch is slated within the next few days.
- AI-powered robots allow the warehouse to store twice as much cargo as conventional facilities
- Design reduces facility footprint and aims to shorten last‑mile delivery times
- Joint development by construction firm Taisei and robotics specialist Fanuc
- Technology could boost logistics efficiency across manufacturing and distribution sectors
- Wally Funk, a member of the Mercury 13, passed away at 87 years old.
- In 2021, she became the oldest woman to fly into space, 60 years after her initial astronaut training.
- Funk was part of the First Lady Astronaut Trainees (FLATs), who underwent the same rigorous tests as male astronauts.
- Despite their performance, the women were excluded from NASA's official program due to military flight experience requirements that were not open to women at the time.
Companies 57
- SK Hynix raised $26.5 bn by selling 177.9 million ADRs at $149 each, the largest foreign IPO on US exchanges
- Shares opened about 14% above the IPO price and demand was reported more than seven times the supply
- Pricing included a 2.7% premium to the three‑day average price on the Korea Stock Exchange
- Proceeds will fund a new fab, a packaging facility, and EUV scanner purchases in South Korea
- U.S. Commerce Secretary urges SK Hynix and Samsung to consider building new factories in the United States
- Apple accuses OpenAI of trade secret theft and breach of contract
- Allegations include use of Apple's confidential project code names and technical documents
- OpenAI's Chief Hardware Officer Tang Tan and former Apple employee Chang Liu implicated
- Opened at $170, closed at $168.01, up 13% on Nasdaq debut
- ADRs priced at $149 raised $26.5 billion for expansion, including a $4 billion Indiana packaging plant
- Plans to double memory capacity within five years amid soaring AI-driven demand
- Valuation up more than sevenfold in the past year as AI memory shortages lift prices
- SoftBank and PayPay in talks to invest in Seven & i Holdings
- Total investment expected to reach up to 300 billion yen ($1.85 billion)
- SoftBank aims to use AI to improve store management and introduce autonomous robots
- Greg Brockman takes over product and go‑to‑market responsibilities after Fidji Simo steps down
- OpenAI's valuation stays at $852 billion as the company prepares for a likely IPO, now pushed to next year
- ChatGPT's market share fell below 50% in March, prompting a stronger focus on the Codex coding assistant
- Competition intensifies from Anthropic, Google, SpaceX and lower‑cost Chinese AI models
- Demand for memory to outstrip supply beyond 2030
- SK Hynix to prioritize locations with competitive manufacturing costs for future wafer fabrication investment
- Operating profit expected to reach 65.5 trillion won in Q2 2023
- Shein likely to list in Hong Kong in September or October
- IPO valuation expected to be $40-$50 billion
- Up to 8% of shares to be sold, with final level likely lower
- Delta CEO Ed Bastian believes higher airfares are sustainable due to robust demand, diverse seat options, and disciplined industry capacity.
- Q2 adjusted EPS of $1.56 beat analyst estimates of $1.48, with revenue of $17.67 billion also exceeding expectations.
- The airline forecasts Q3 EPS between $2.00 and $2.50 (vs. $2.02 est.) and reaffirmed its full-year EPS guidance of $6.50-$7.50.
- Premium seat sales ($6.92 billion) outpaced main cabin revenue ($6.85 billion), driven by higher-income customers and increased corporate travel.
- Delta is currently passing on about 60% of higher fuel costs to consumers, aiming to reach nearly 100% this quarter.
- Meta stock up 15% for the week, its strongest performance since early 2024
- Introduced Muse Image AI model and Muse Spark 1.1 to broaden AI offerings
- Plans to begin manufacturing its first in‑house AI chip, Iris, in September, targeting 14 GW of compute power next year
- Analysts project 2026 capex guidance to be revised to $135‑$155 billion as AI initiatives expand
- Meta stock jumped >6% on Friday, hitting its highest level since April.
- Options volume surged to >3× the 30‑day average, with 78% of $1.8 bn premium in call contracts.
- The top $675 strike call needs a further 2% rise to profit; the July 17 $700 call requires a 6% move to break even.
- A trader sold $29 million of puts and calls at the $670 strike, betting the stock will stay flat for two months.
- California Supreme Court ruled the state cannot seek damages from the 23andMe successor.
- The decision relates to the 2023 data breach that exposed user information.
- The ruling limits state-level consumer protection actions against biotech firms.
- South Korean memory chip maker completed a historic initial public offering in the United States
- Major US equity indices edged higher on the day, ending a volatile week of trading
- The debut sparked positive sentiment toward the semiconductor sector
- UBS sees senior housing demand outpacing supply, with Q2 occupancy near 90%
- Price targets raised: American Healthcare REIT to $63 (+17%) and Welltower to $271 (+17%)
- Target prices held: CareTrust REIT $48 (+17%) and Omega Healthcare $54 (+11%)
- Dividend yields range from 1.29% (Welltower) to 5.57% (Omega Healthcare)
- Warburg Pincus is close to finalising a deal valued at over $7 billion.
- Target is a specialty‑pharmacy company owned by private‑equity firms since 2022.
- Deal would rank among the largest private‑equity healthcare transactions this year.
- Disney+ is evaluating a free, ad-supported tier, according to Business Insider.
- Free streaming made up 18.7% of U.S. TV watch time in April 2026, up from 16.8% in April 2025.
- The move aims to compete with free services like YouTube, Tubi, Apple TV+ and Paramount+.
- Netflix is evaluating 24/7 live TV channels to boost engagement and ad revenue
- The streamer held 7.8% of U.S. TV viewing in April, indicating a slip in share
- Potential bundle partnership discussions include Peacock, similar to Apple and Amazon models
- Live channels would put Netflix in direct competition with ad‑supported services like Pluto TV and Tubi
- Netflix is also in talks to acquire movie‑social platform Letterboxd
- Profit margins erode as tariffs and market-share loss hit China and North America operations
- Supervisory board voted 12-7 against a proposed factory‑closure and redundancy plan
- VW and unions previously agreed to cut 35,000 jobs by 2030
- Taiwanese chip-testing firm KYEC plans $1.4bn US facility investment
- Expansion aligns with broader Taiwanese semiconductor supply chain shift to US
- Facility aims to support growth and global supply chain positioning
- Philippine Airlines to order 15 Boeing 787-10 and 9 Airbus A350-1000 jets
- Deal expected to be announced at Farnborough Airshow this month
- Order to trigger engine contest between Rolls-Royce and GE Aerospace
- Goldman Sachs and Morgan Stanley restrict employee prediction market trades
- Insider trading fears spread across Polymarket and Kalshi
- Banks aim to prevent potential market manipulation
- TeraWulf reportedly seeks $3.5 billion in debt financing
- Morgan Stanley leads the debt raise for the Kentucky data center campus
- The data center is leased by AI company Anthropic
- Airlines and cloud providers increase orders for aircraft and power turbines
- Only a handful of manufacturers, such as GE Aviation, Rolls‑Royce and Pratt & Whitney, produce the critical components
- Analysts flag the niche as a pick‑and‑shovel play with potential upside for the suppliers
- Rising demand could boost earnings for the listed turbine makers in the coming year
- India cleared a 51/49 joint venture between Vivo and Dixon Technologies to produce smartphones domestically
- The partnership could add 20‑22 million smartphones to Dixon's annual manufacturing volume
- Vivo holds a 23% share of India’s smartphone shipments in Q1, while Apple accounts for 57% of the country's smartphone exports
- The deal reflects new Indian rules tightening scrutiny of Chinese investment, favoring majority‑Indian‑owned structures
- Grab aims to grow its Vietnam EV charging ports from ~400 to >6,000 by 2028
- Expansion represents a fifteenfold increase in the charging network
- Network will be brand‑neutral, providing alternatives to VinFast's proprietary chargers
- Supports Vietnam's push toward cleaner transport and broader EV adoption
- Nanya plans to increase 2027 capital spending by 4x compared with current levels
- Company expects memory prices and gross margins to keep rising through 2026
- AI-driven demand is creating an unprecedented DRAM supply shortage
- Miniso targets opening 100 new stores in the United States during 2024.
- Growth will be driven by proprietary intellectual property, including original characters and designs.
- The expansion builds on Miniso's recent overseas successes in other regions.
- No immediate financial guidance was provided, but the move signals a growth catalyst.
- Nexchip debuted on the Hong Kong Stock Exchange on Friday.
- The company now ranks as the world's eighth-largest semiconductor foundry.
- Growth driven by demand for older-generation chips used in AI applications.
- Management signals global expansion ambitions following the listing.
- New president Kiichiro Hattori targets overseas sales to reach 50% of total, up from under 33%
- ABC-Mart runs about 1,500 stores, including nearly 400 across Asia
- Strategic push into Southeast Asian markets to boost international revenue
- Marubeni plans to grow its machine‑tool business in India and other emerging markets.
- The strategy pairs tools with industrial robots to deliver factory‑automation solutions.
- Expansion aligns with rising demand from chip manufacturers and data‑centre construction.
- LG will spend $1 bn on a chip‑packaging complex in Hai Phong, Vietnam
- The plant will cover an area equivalent to 45 football fields
- The investment highlights Vietnam’s move into higher‑value semiconductor activities
- Luxshare International debuted on the Hong Kong Stock Exchange, raising HK$24.5bn ($3.1bn)
- The IPO is the largest Hong Kong listing so far in 2026
- Luxshare is Apple's biggest supplier in China, securing capital for expansion
- Strong demand from mainland and international investors drove the offering
- Fast Retailing posted strong third‑quarter earnings, prompting an upgrade to its profit outlook.
- The company now expects full‑year sales to exceed rival H&M for the first time.
- Revenue guidance was lifted, reflecting robust domestic demand for seasonal apparel.
- Mitsubishi Motors partners with Tokyo-based startup Highlanders to develop humanoid robots
- Goal is to mass‑produce robots for use in Mitsubishi auto factories
- Production could start as early as 2027
- Robots aim to automate assembly lines and improve manufacturing efficiency
- Collaboration reflects broader push into robotics within the automotive sector
- US inflation is shifting consumers toward premium, health‑focused foods.
- Walmart sees growing demand for Japanese items like sushi and ramen among wealthier shoppers.
- The retailer will increase sourcing of Japanese products, opening export opportunities for Japanese food firms.
- After exiting Japan, Walmart now targets Japanese cuisine for its U.S. stores.
- Net profit up 24% year‑on‑year to 60.6 billion yen ($373 million) for the March‑May quarter
- Higher US gasoline sales lifted overseas convenience‑store earnings
- Domestic sales improved, aided by fresh bread and tea offerings
- Profit growth driven by both overseas fuel sales and stronger domestic traffic
- Nestle will spend about $690 million to build a plant in Thailand for instant coffee and other products.
- The facility will serve as a regional distribution hub for Southeast Asia.
- The investment underscores Nestle's focus on expanding its Nescafe brand in the Asian market.
- Tesla's profit per vehicle declined 40% in fiscal 2025.
- Seven major global automakers reported lower profit per vehicle due to U.S. tariffs and weaker EV demand.
- Toyota's profit per vehicle remains higher, but the margin gap with Tesla narrowed.
- Tariff pressures and EV headwinds are compressing profitability across the auto sector.
- Form 4 filing submitted on July 10
- Filed by Mineralys Therapeutics Inc
- No additional details disclosed in the filing
- Director Griffith's investment vehicle bought $7.2 million worth of Netskope shares
- Purchase represents a notable insider stake increase
- Could be interpreted as confidence in Netskope's near‑term outlook
- Toni Schneider, former Automattic CEO, moves from interim to permanent CEO after four months
- Founder Jay Graber transitions to chief innovation officer, exiting the CEO role
- Schneider aims to create smaller, private communities to spur growth and innovation
- Bluesky's user base has plateaued after a post‑election surge, raising retention concerns
- AIA Thailand's fourth office property investment in the country, unveiled as AIA Connect.
- The building offers column‑free floor plates of roughly 1,700–2,100 sqm per level with future inter‑floor connectivity.
- Located on Ratchadaphisek Road, it has direct MRT Blue Line access and will benefit from the Orange Line interchange slated for 2028.
- Features a five‑storey retail podium, restaurants, fitness facilities, terraced gardens and a wellness walking track.
- Holtec Nuclear Corp submitted a Form S‑1 registration statement to the SEC on July 11, 2026.
- The company plans to list its shares on a major US exchange (NYSE or Nasdaq) as part of the IPO.
- Holtec focuses on nuclear fuel and waste management, targeting growth in the U.S. nuclear sector.
- The New York Times has filed a countersuit alleging defamation and false claims by the agency.
- The dispute originates from the agency's original lawsuit accusing the paper of DEI violations.
- The legal battle could influence future DEI-related litigation and corporate‑media relations.
- Drill hole FS_DDH_016 intersected copper‑gold mineralisation, extending the Albor target.
- The expansion enlarges the projected size of the Filo Sur copper‑gold resource in the Vicuña district.
- The development could improve Mogotes Metals' (TSXV: MOG) future production outlook.
- Earn 3% cash back on dining up to $6,000 spent in the first 6 months
- Earn 1.5% cash back on all purchases and 2% on Lyft rides through Sept 30, 2027
- No annual fee; foreign transaction fee is 3% of each transaction
- $25 statement credit for enrolling in automatic payments within the first 3 months
- Approval chances improve with at least $250 in a Chase checking or savings account
- SK Hynix ADR debut valued at $29 bn, the largest foreign IPO in U.S. history
- Micron stock fell about 3% on the open as investors rotate into SK Hynix
- Micron options volume jumped to ~700,000 contracts (≈87% of daily average) with IV rank at 92%
- Call skew is pronounced; a 1‑week bear call spread (sell $1,050, buy $1,075) offers $6 credit
- Options market pricing implies an expected move of roughly $82 for Micron
- Beta completed about 275 nautical miles of test flights transporting organs between Maryland and Virginia
- The eVTOL aircraft targets FAA certification by 2028, with a conventional takeoff/landing model slated for 2027
- Beta participates in seven of the eight projects in the DOT/FAA eVTOL pilot program covering 26 states
- Beta's shares have fallen roughly 50% since its November IPO, mirroring broader eVTOL sector weakness
- Dumb Phone sells for roughly $20 and runs a custom OS that forwards calls/texts while supporting apps like WhatsApp and Uber
- Founder Lydia Peabody left her therapist career to become CMO, saying the phone lowered her anxiety after a year of use
- Users can go phone‑free for extended periods; Peabody reported a 7‑week smartphone hiatus and a cross‑country road trip
- Startup is funded by friends and family and run by a team in their 20s‑30s targeting low‑screen‑time consumers
- IDEX Metals discovers broad tungsten mineralization at Freeze copper project in Idaho
- Second critical-metals angle at early-stage copper play
- Tungsten mineralization found in drilling at Idaho project
- A federal court ruling cleared the Trump family's legal obstacles, allowing them to resume stock trading
- Using a Charles Schwab account, an automated system placed dozens of trades within hours
- The trading activity generated several million dollars in commissions for Schwab
- Kirin aims to become one of the largest regional players in health science across Asia-Pacific.
- Vietnam identified as a key growth market for the new health-focused portfolio.
- A new subsidiary will be used to build brands targeting health‑conscious consumers.
- BYD and Yanase announce first-ever partnership between a Chinese automaker and the Japanese luxury dealer
- Showroom in Yokohama opened on July 10, displaying BYD electric models
- Collaboration marks BYD's initial direct retail presence in Japan
- Yanase aims to broaden its EV lineup, leveraging BYD's cost‑competitive models
- Yoshinoya Holdings will buy Kizuki International for approximately $28.7 million
- Kizuki operates 17 ramen restaurants, primarily on the U.S. West Coast
- The deal aims to expand Yoshinoya's ramen business beyond Japan
- Acquisition adds a U.S. footprint to the Japanese beef‑bowl specialist
- Subaru will bring back a 6-speed manual gearbox in upcoming models.
- The move targets core enthusiast buyers while the brand pivots to electrified vehicles.
- Manual revival aims to preserve Subaru's performance image amid tighter fuel‑efficiency rules.
- Sivatel Bangkok starts breeding black soldier flies on‑site for protein extraction
- Larvae‑derived protein meal is marketed for animal feed and probiotic applications
- Full Circle Biotechnology provides quality‑controlled insect protein for commercial use
- ANA introduced a new domestic fare system in May allowing discounted, no‑frills tickets up to departure
- The fare scheme targets unsold seats, offering lower prices when load factors are low
- The move seeks to boost demand after business travel volumes fell since the COVID‑19 pandemic
- No immediate financial impact disclosed; strategy aligns with broader airline cost‑reduction efforts
- The brand's newest and largest flagship store opened in Tokyo.
- Store includes a retro Street Fighter II X arcade to attract visitors.
- The arcade is intended to increase foot traffic and enhance brand image.
Thai Markets 4
- Project connects Don Mueang, Suvarnabhumi and U‑tapao airports; construction stalled under Asia Era One
- Contract with Asia Era One terminated; government may seek new private partner or revise specifications
- Industry minister expects the rail to boost Thailand's GDP growth by over 3% in the second half of 2026
- Decision to be taken at upcoming EEC Board meeting chaired by Prime Minister Anutin Charnvirakul
- Geopolitical tensions, including Middle East conflicts, pose risks to energy prices and supply chains
- AWC will spend 8 billion baht to revamp Asiatique The Riverfront
- New Avatar: Guardians of Eywa attraction will cover 4,000 sq m, part of a 16,000 sq m Blue Dome project
- Visitor traffic is projected to rise to over 50,000 per day, up from 30‑40 k currently
- Asiatique Q1 occupancy hit 81% and traffic grew 16% YoY after Jurassic World launch
- Avatar experience slated for early 2027, Blue Dome opening later this year
- Foreign arrivals fell to 33 million in 2024, down from a 2019 record of 40 million.
- Top 10% of earners capture 52% of income and hold 65% of wealth; the bottom 50% receive only 11% of income.
- IMF suggests raising the personal income tax exemption threshold at 150,000 baht could boost GDP by 0.5% annually.
- Offshore assets exceed 2 trillion baht, yet tax enforcement remains weak.
- Shift toward luxury tourists risks widening income inequality and hurting informal sector workers.
- Court ruled the 400 billion baht emergency decree legal
- Borrowing aims to cushion households from higher oil prices due to Middle East crisis
- Funds will support energy‑transition initiatives and broader economic measures
- Approval clears the way for the government to issue the $12 billion loan
Other 54
- 26-year-old man arrested on suspicion of killing 78-year-old former MP Ann Widdecombe
- Police state the case is not being treated as terrorism or politically motivated
- Widdecombe, former Conservative minister and Reform UK figure, was found dead with serious injuries at her home in southwest England
- Bhumjaithai Party proposes creating a dedicated Sports Ministry and a standalone Tourism Ministry.
- Restructuring plan to be submitted to the cabinet this month, with legal framework expected by year‑end or early 2027.
- Current ministry oversees >20 agencies, causing fragmented governance and hidden economic costs.
- Foreign examples cited: standalone tourism ministries (Italy, Mexico), merged tourism‑culture (China, Egypt), tourism‑infrastructure (Japan).
- Asia Era One says its July 6 letter to SRT preserves contractual rights, not a project cancellation.
- Consortium cites a public drainage canal in Makkasan and other constraints affecting project readiness.
- BOI investment promotion certificate expired in 2023; a new application is under review amid changed conditions.
- SRT governor states the letter seeks to invoke termination rights because notice‑to‑proceed conditions cannot be met.
- Deforestation in the Amazon dropped to 1,295 sq km (500 sq mi) Jan‑Jun 2026, a 38% decline YoY.
- The decline marks the lowest deforestation level since 2016 and the smallest annual decrease in a decade.
- President Lula's anti‑deforestation plan targets zero illegal clearing by 2030, reinforcing Brazil's climate pledges.
- U.S. proposes new tariffs on Brazil over deforestation concerns, but Brazil cites the latest data to counter the claim.
- National Weather Service warns of "extreme" HeatRisk level across western US, with temps up to 110°F (43°C) on Sunday
- Heat dome expected to affect Washington, Oregon, Idaho, Montana and Wyoming, raising wildfire and grid strain risk
- Scientists attribute the unprecedented heat to human-caused climate change and a developing "super" El Niño
- President Trump says he will not sign the bipartisan housing affordability bill, calling it a "big yawn"
- He is withholding his signature in protest over the Senate's failure to pass the SAVE AMERICA ACT
- The measure can become law without his signature despite his opposition
- Angelo Martino sentenced to more than 5 years for conspiring with BlackCat ransomware gang
- U.S. DOJ seized over $10 million in cryptocurrency and assets tied to the scheme
- Hackers extorted about $1.2 million from a U.S. company, splitting proceeds three ways
- The New Left's perspective has become the prevailing narrative on China's development path.
- Western scholars' traditional views of Deng Xiaoping are being reassessed in light of new ideological trends.
- The shift in ideas may influence China's domestic policy priorities and global positioning.
- 25 governors have pledged to open Trump Accounts for eligible foster children
- Accounts allow up to $5,000 annual contributions per child, with a $1,000 Treasury seed for babies born 2025‑2028
- 2025 foster care count: 331,747 children; about 15,000 aged out that year
- Early withdrawals face ordinary income tax and a 10% penalty unless specific exceptions apply
- Philanthropic pledges total $6.25 bn, including $250 per qualifying child from donors like Michael Dell
- Last‑minute bookings can add 20%–30% to flight costs
- Travel insurance can cover up to $10,000 in unexpected expenses
- Accommodation upgrades often cost an extra $50‑$100 per night
- Setting price alerts can save travelers an average of $150 on airfare
- Budgeting for emergency funds reduces financial stress during trips
- Jannik Sinner beat Novak Djokovic 6-4, 6-4, 6-4 in the Wimbledon semifinal.
- The victory sets up a final against Alexander Zverev.
- Sinner reached the final without dropping a set at Wimbledon.
- Djokovic, 40, saw his bid for a 25th Grand Slam title end.
- Fizz alleges Maveron VC Jerry Lu passed non‑public business details to competitor Sidechat after a March 2022 meeting
- Lu reportedly invested in Sidechat’s seed round in October 2023 and had discussions with the rival since 2022
- Complaint also implicates Jack Burlinson for forwarding Fizz’s investor deck to Lu, who then relayed it to Sidechat
- Fizz’s original 2023 lawsuit accused Sidechat of disruptive tactics, including false rumors and paid deletions
- No comment from Lu or Maveron; Sidechat denies wrongdoing
- Satellite experiment reduced uncertainty in Earth's Lense‑Thirring measurement to 0.2%
- Prior estimates had uncertainties of several percent
- Research led by Ignazio Ciufolini at Wuhan Institute of Physics and Mathematics
- Confirms Einstein's prediction of frame dragging around a rotating planet
- Mandatory medical exams for drivers 65-69 cut from annual to twice in five years
- Age threshold for required certification lowered from 70 to 65
- Policy to be implemented in mid-2027 after industry backlash
- 11 fatalities confirmed, including possibly four British tourists
- 19 people still missing after the blaze
- Around 400 firefighters and military personnel deployed to combat the fire
- Legislation would grant injury or death compensation to gig workers on digital platforms
- Coverage limited to accidents occurring while performing platform work; occupational diseases excluded
- Proposal issued by Hong Kong Labour and Welfare Bureau and awaits legislative approval
- Dozens of US and UK researchers have moved to China this year
- Report profiles 10 individual scientists and experts who left
- Key reasons cited: insufficient funding and limited leadership roles in the West
- The migration underscores a growing talent shift toward China
- Typhoon Bavi expected to pass close to the Sakishima Islands early Saturday
- Maximum sustained winds reported at over 150 km/h
- Authorities warn of violent winds, torrential rain, landslides and flooding
- Flights to and from the islands have been canceled
- Local stores see noodle shelves emptied as residents stockpile
- Authorities accelerate construction of Pak Shek Kok station on the East Rail line.
- MTR Corporation will build the station in exchange for two nearby land parcels.
- Project aims to improve connectivity for Hong Kong's emerging innovation and technology district.
- Government target set to create 20,000 new PhDs each year by fiscal 2030
- Research fellowship grants will be increased to support the target
- Program includes sending more young scholars overseas for training
- Announcement made by Prime Minister Sanae Takaichi on July 10
- Goal intended to strengthen Japan's scientific talent pool
- Approximately 20% of recommended USB drives on Amazon show capacity misrepresentation.
- Multiple reviews flag the drives as having falsified storage, indicating widespread counterfeit issues.
- Investigation focused on inexpensive Chinese-branded drives, highlighting weak seller vetting on the platform.
- Supreme Court ruled CJ Logistics has no duty to negotiate with drivers it does not directly employ
- The decision ends a legal battle that lasted several years
- Delivery drivers remain classified as subcontractors without collective bargaining rights
- No immediate impact on wages or employment conditions was indicated
- Japan beat Thailand 3-1 (25-15, 25-21, 22-25, 25-22) in Osaka
- Thailand's Pimpichaya Kokram led with 20 points, Thailand now 14th with nine points
- Japan's Mayu Ishikawa topped scoring with 22 points
- Thailand's next matches: vs Brazil today, vs Turkey tomorrow
- Colombia exited the World Cup in the round of 16 after a penalty shootout loss to Switzerland
- Campaz missed a crucial scoring chance in extra time before the shootout
- The Colombian Football Federation has called for a swift investigation into the threats
- The incident echoes the 1994 murder of defender Andres Escobar after an own‑goal
- Phannarin Srichaphan captured the girls 7-8 division with a 4-over par 178 total
- Yubo Shen triumphed in the boys 11-12 category with a four-under par 207 score
- Thai girls swept the podium: Angchaya Kanthaset 2nd (6-over 180) and Areeya Rattanawan 3rd (11-over 185)
- The tournament featured over 1,250 golfers from 56 countries
- More municipalities deployed drones to monitor July 4th fireworks violations
- Sacramento Fire Department issued a $100,000 fine after using drones for the first time
- Drone footage is shared publicly to deter illegal fireworks and aid investigations
- Mikel Merino scored in the 88th minute after entering as a substitute at the 86th minute
- Spain won 2-1, securing a semifinal matchup with France
- Belgium's 649-minute clean‑sheet streak ended with Merino's goal
- Goalkeeper Senne Lammens replaced injured Thibaut Courtois at the 71st minute
- Social Security benefit is $1,460 per month for the ex-wife.
- The ex-husband is 74 years old and has assets in the millions.
- He is refusing to pay the court-ordered alimony.
- The wife can explore legal avenues such as enforcement of the alimony order or seeking a modification.
- Roof lost several tiles during a violent wind event
- Loss adjusters assessed $10,000 in damage
- Claim filed with insurance company for repair costs
- Royal Canadian Geographic Society released first photos of the Quest wreck, over 60 years after its 1962 sinking
- Quest was originally the Norwegian whaler Foca I, renamed for Shackleton's 1921-22 Arctic expedition
- The ship featured extensive retrofits: new deckhouse, heated crow's nest, wireless set, odograph, and a small airplane
- Images show the wreck draped in abandoned fishing nets and teeming with marine life
- Egypt's team returned to Cairo following their World Cup campaign
- Hundreds of fans lined the route for an open‑top bus parade
- Coach Hossam Hassan waved a Palestinian flag during the reception
- ACIP voted in September to drop federal recommendation for the MMRV combination shot
- Private insurers are no longer required to cover the vaccine after the decision
- The change removes the vaccine from a federal program that serves roughly 50% of US children, many from low‑income families
- France and Morocco met in Boston for a friendly rematch of the 2022 World Cup semi‑final.
- Al Jazeera reporter Samantha Johnson covered fan atmosphere ahead of the game.
- The match was previewed on 10 July 2026 with no reported score or incidents.
- Morocco lost 2-0 to France in the quarterfinals of the 2026 World Cup.
- They became the first African nation to reach consecutive quarterfinals in the 48‑team format.
- Morocco will cohost the 2030 World Cup with Portugal and Spain, securing automatic qualification.
- Coach Mohamed Ouahbi, appointed three months before the tournament, will target success in upcoming AFCON qualifiers.
- King Charles hosted Prince Harry, Meghan and their children at Highgrove House
- First royal family meeting since their departure from duties six years ago
- Visit coincided with Harry's charity events in the UK
- India lost the fourth T20 to England by nine wickets, giving England a 3-0 series lead
- The defeat is India's fifth consecutive loss, following a 2-0 whitewash in Ireland
- BCCI will hold a review meeting after the England tour ends on July 19
- India posted 158-7, while England chased the target with six overs remaining; earlier India were bowled out for 76
- Jiaying Chen married at least 14 men in Las Vegas to finance her gambling habit
- She will plead guilty to one count each of bigamy and obtaining money under false pretences exceeding $100,000
- Plea expected later this week, with victims to receive restitution
- New coach Jorge Jesus says he will call up Ronaldo if the player is fit and available.
- Ronaldo has not yet decided whether to continue after Portugal's 2026 World Cup exit.
- Jesus previously coached Ronaldo at Al-Nassr, guiding the club to the Saudi Pro League title.
- Portugal will co-host the 2030 World Cup with Spain and Morocco.
- 1,178 category‑two tickets remain for the final, each priced at $7,380
- 68 category‑one lower‑deck tickets available at $19,995‑$32,970
- Trophy Lounge hospitality tickets priced at $32,500‑$34,500
- Resale tickets range from $7,440.50 up to $11.5 million
- FIFA faces subpoenas from NY and NJ over ticket pricing and seat accuracy
- The 1992 Giant mine bombing killed multiple workers, marking the deadliest labour‑related violence in Canada
- The attack occurred in September 1992 in Yellowknife, Northwest Territories
- It remains the only known multiple murder at a Canadian mine
- The incident is remembered as a singular case of extreme workplace violence in Canadian history
- Infusion tube delivering medicine to a premature baby was closed shortly before her death on June 13, 2023.
- Two nurses testified they had no knowledge of why the three-way valve was closed.
- Prince of Wales Hospital labeled the incident a "serious untoward event".
- Coroner's Court hearing took place on Friday.
- Long-term compound growth can significantly increase retirement savings.
- After‑tax considerations are crucial for maximizing net retirement wealth.
- Early and consistent investing enhances the compounding effect over time.
- Former plastic surgeon Franklin Li Wang-pong sued for HK$12m
- Li allegedly borrowed money to contest manslaughter charge
- Retiree Diana King Yuen-fung initiated the lawsuit in High Court
- Hong Kong's privacy watchdog ordered removal of a viral dashcam video clip
- Video allegedly shows singer David Lui Fong in a heated argument with a ride-hailing driver
- No complaints received about the video, but it was removed at the watchdog's request
- ECU tuning allows significant horsepower and torque boosts in various engine types, a shift from traditional mechanical modifications.
- Modern vehicles' increasing software dependence and tightened OEM security make ECU tuning development more challenging.
- Companies like APR face greater difficulty in creating tunes that enhance performance while adhering to factory reliability parameters.
- Ryanair flight window detaches mid-air en route to Germany
- Passenger nearly sucked out, pulled back inside by fellow passengers
- Tourist from Serbia hospitalized with friction burns
- New People's Party urges access to assisted reproductive services for single women ahead of Chief Executive's policy address
- Proposal includes extending the newborn baby bonus that is set to expire soon
- Suggested progressive cash bonus for families with two or more children
- Owner tore up employee's IOU note after a fire that nearly destroyed the barbecue restaurant
- The incident was shared on social media on July 3, quickly gaining nationwide attention
- The restaurant employs over 20 staff and has been run by the owner for more than two decades
- Two women detained at Lo Wu border after a dog worth HK$3,000 (US$380) was found in a sling bag
- Two endangered birds discovered, estimated total market value of HK$5,000
- Arrests made by Customs and Excise Department; one suspect identified as a 57‑year‑old mainland Chinese woman
- Incident highlights ongoing wildlife smuggling concerns at Hong Kong border
- 35-year-old Karasi Chandramogan became sole carer for autistic brother and amputee mother after her father's death four years ago
- A seizure incident in April highlighted the intense pressure on family caregivers
- The case underscores an urgent need for Singapore to address caregiver burnout
- Young people in China are simplifying meals by preparing bulk portions to freeze and reheat, calling it 'human food'.
- 'Lying flat' (tang ping) describes a minimalist lifestyle focused on doing the bare minimum.
- The trend reflects growing fatigue and desire to conserve personal energy amid demanding work and study pressures.
- Driver lost control of a goods truck on Friday morning at 9:44 am.
- Two prefabricated housing components fell onto the road, prompting lane closures.
- The incident damaged the tunnel wall, one of the most severe accidents since the HK$42 billion project opened in December.
- Police received the accident report at 9:44 am and responded to the scene.
- No injuries were reported, but traffic disruption was significant.
- Noda describes London as a "scientifically advanced" society and tests audience reaction
- The play questions the societal and ethical costs of scientific advancement
- Staged at Sadler’s Wells Theatre with a blend of humor and philosophical inquiry
- 50% of low‑priced USB flash drives examined had less usable storage than advertised
- All defective drives were manufactured in China
- Capacity shortfall traced to replacement of flash memory chip with a microSD card
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