Lucid Group missed Wall Street's Q2 earnings expectations, reporting a wider net loss of over $1 billion and lower revenue. CEO Silvio Napoli announced an operational reset, delaying the midsize vehicle launch to late 2027 while prioritizing robotaxi production.
Tesla's Shanghai factory recorded its best June ever with 93,579 cars built, yet domestic sales lag as exports surge and rumors grow regarding a potential separation of Chinese and non-Chinese operations.
SCMP highlights key global relations stories from July 2026, including Nato defence projects targeting Russia and China, China's openness to reducing its EU trade surplus, and a US-Saudi nuclear deal tied to Israel recognition.
Japan's defence white paper highlights China's growing military capabilities in the western Pacific, while Tokyo pledges to enhance its own military strengths and monitoring systems, prompting Beijing to accuse Japan of 'neo-militarism'
Cruise ship entertainment has transformed, featuring high-end productions like Olivier award-winning musicals and immersive theatre, attracting new audiences and offering performers varied roles, despite logistical challenges and concerns over working conditions.
Kiev should not expect increased Patriot and THAAD interceptor deliveries from recent US production agreements, according to expert Nikolay Novik. The seven-year, $3 billion Pentagon contracts with Northrop Grumman prioritize domestic stockpile replenishment.
US Permanent Representative to NATO Matthew Whitaker stated that a long-term joint production agreement for Patriot systems with Ukraine will not be implemented by the coming winter, emphasizing immediate air defense needs. Former President Donald Trump also questioned supplying Kiev with Patriot technology.
Base Power, a home battery storage startup, secured $1 billion in Series D funding, valuing the company at $13 billion. It's expanding its backyard battery installations, now at 500 MWh, and launched Base Core, a new 39.2 kWh home battery, to meet surging electricity demand in Texas and Illinois.
The US has signed a deal exceeding $3 billion with Lockheed Martin and Northrop Grumman to significantly increase production of Patriot and THAAD interceptor missile parts. This move aims to replenish stockpiles strained by ongoing conflicts in Ukraine and the Middle East.
The US is making progress in negotiations with Ukraine for joint production of Patriot air defense systems, according to US Permanent Representative to NATO Matthew Whitaker, despite earlier skepticism from US President Donald Trump regarding technology transfer.
The Pentagon has finalized over $3 billion in agreements with Lockheed Martin and Northrop Grumman to significantly boost production capacities for Patriot PAC-3 and THAAD air defense system munitions, aiming to triple and quadruple output respectively.
The U.S. has signed a $3 billion deal with Lockheed Martin and Northrop Grumman to significantly boost the production of Patriot and THAAD interceptor missile parts, addressing strained stockpiles exacerbated by ongoing conflicts in Ukraine and Iran.
The US Department of Defense secured new deals with Lockheed Martin and Northrop Grumman to significantly increase production of Patriot PAC-3 and THAAD missile interceptor parts, tripling Patriot and quadrupling THAAD system output, amidst rising demand from global conflicts.
UK manufacturing output grew for the fourth consecutive month at its fastest rate in nearly two years, driven by new domestic and export orders. However, the sector faces uncertainty from the Middle East conflict, rising energy costs, and subdued employment growth, despite optimism from some industry figures.
American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., reported record Q2 Bitcoin production of 932 BTC, boosting mining revenue to $67 million. The Nasdaq-listed company narrowed its net loss to $57.2 million and completed a reverse stock split.
L'OPEP+ a décidé d'augmenter sa production de pétrole malgré le conflit au Moyen-Orient et les frappes ukrainiennes sur les infrastructures russes, cherchant à préserver ses parts de marché et à financer le rebond économique régional, ce qui devrait maintenir l'instabilité des cours.
Pakistan has deployed China-acquired SH-15 wheeled self-propelled artillery guns, also produced under license, near the Indian border as part of its modernization efforts. India, also modernizing its artillery, is urged to restructure its forces internally.
Brent crude and WTI oil prices declined significantly after US President Trump announced fresh talks with Iran, easing supply disruption fears. This was compounded by an OPEC+ agreement to boost oil production by 188,000 barrels per day from September.
Ariana Grande announced a break from public-facing work after her Eternal Sunshine Tour due to "endless, ongoing public scrutiny," leading her to withdraw from the 2027 London revival of "Sunday in the Park With George."
Taiwan has completed the design of its Ching Tien hypersonic cruise missile, with mass production slated for next year. This two-stage missile, with an estimated range of 1,250km, aims to significantly enhance Taiwan's deterrence capabilities by enabling strikes on strategic targets deep within China.
L'Opep+, incluant l'Arabie saoudite et la Russie, a décidé d'augmenter ses quotas de production de pétrole de 188 000 barils par jour pour septembre, malgré les attentes d'une pause et la guerre au Moyen-Orient qui affecte la capacité de certains membres.
France's worst wildfire season in decades poses a significant threat to Bordeaux's wine industry. Smoke taint from nearby fires could damage grapes, altering taste and value, a problem exacerbated by the grapes' veraison stage and existing market pressures.
Seven OPEC+ nations, including Saudi Arabia and Russia, have agreed to increase their collective daily oil production by 188,000 barrels in September 2026. This adjustment aims to support oil market stability and accelerate compensation for overproduced volumes since January 2024, as announced by OPEC.
Mazama Energy, a Texas company, achieved a world-record 331°C enhanced geothermal system at Newberry Volcano in Oregon, connecting two deep wells. This breakthrough demonstrates the potential for superhot rock to deliver significant clean power, with plans for hotter wells by 2026.
