AscendEX ceased operations on July 1, leaving customers uncertain about recovering their funds. The exchange cited a lack of EU authorization and financial/operational pressures, including a failed liquidity transaction. Withdrawals are now manually reviewed, with delays, rejections, and potential loss of full balances.
ONGC's board has approved the development of a 1.75 million tonne strategic petroleum reserve at Mangaluru, enhancing India's emergency crude oil storage capacity amidst global turmoil and reliance on imports.
Polestar's decision to exit the US market by 2027, due to a rule banning Chinese-made connected vehicle software, leaves thousands of owners and dozens of dealers facing uncertainty about vehicle service, software updates, and resale value. Unlike bankruptcies, this exit is government-mandated, leaving stakeholders vulnerable.
Volkswagen's labour representatives on the supervisory board rejected a major restructuring plan reportedly including 100,000 job cuts and four plant closures. The plan was voted down 12-7. The company reported an 8.6% drop in Q2 vehicle deliveries.
India's office leasing activity fell 2% to 48 million sq ft in H1 2026, ending a record streak due to global economic uncertainty. Global Capability Centres (GCCs) remained a key driver, leasing 43% of the total space.
OpenAI's release of its advanced LLM, Sol, mirrors Anthropic's Fable, raising questions about the opaque government approval process. Experts express concern over the lack of clarity regarding licensing requirements and evaluation criteria, potentially influenced by industry figures and political connections.
Progressive groups and lawmakers are scrambling to find a new candidate for the Maine Senate race after Graham Platner withdrew following sexual assault allegations. Our Revolution endorsed Troy Jackson, while others consider their options amid a compressed party process.
Progressive groups and lawmakers are scrambling to find a new candidate for the Maine Senate race after Graham Platner withdrew following sexual assault allegations. Our Revolution endorsed Troy Jackson, while others consider their options amid a compressed nomination process.
Spain's Finance Minister Carlos Cuerpo proposed a new "European Sovereign Facility" for joint EU borrowing to strengthen the euro's international role amid geopolitical uncertainty. The mechanism aims to centralize debt, reduce costs, and build a €5 trillion stock within five years, though some member states oppose further joint debt.
Bitcoin struggles below key on-chain metrics like the True Market Mean ($76.6K) and short-term holder cost basis ($72.2K). Long-term holders are realizing significant losses, with daily realized value from these sales peaking near $280M. While ETF net flows have improved, they remain negative, and trading volumes are substantially below prior peaks. The Fed's minutes suggest a cautious stance on inflation, leaving room for potential policy firming, which adds to Bitcoin's vulnerability.
Democratic Senate candidate Graham Platner suspended his Maine campaign after an ex-girlfriend accused him of rape in 2021. Platner denied the allegation but stepped down, impacting Democrats' hopes of flipping a Republican-held seat.
Russia's Ambassador-at-Large Rodion Miroshnik stated that NATO's Ankara summit aimed to provoke a confrontation between the US and Russia, thereby preventing US President Trump from fracturing the alliance. The summit, held July 7-8, saw NATO countries pledge €70 billion for Ukraine in 2026 and 2027, but omitted a commitment to Ukraine's membership.
Typhoon Bavi, covering 940,000 sq km, is causing panic and uncertainty in China's Zhejiang province. Residents like high school tutor Hui Xinyi are preparing for potential power/water shortages and class disruptions by taping windows and stocking supplies.
Australian Moringa growers are uncertain about selling their product after FSANZ ruled it unsafe for human consumption. An appeal is underway, but a new application could take two years.
Australian Moringa growers are uncertain about selling their product after Food Standards Australia New Zealand (FSANZ) ruled it unsafe for human consumption. A grower is appealing the decision, which impacts leaves, pods, and oils, while therapeutic products remain available if registered.
Marine Le Pen announced her 2027 French presidential candidacy despite a recent embezzlement conviction, drawing parallels to Donald Trump's legal battles. An appeal court upheld her conviction, but shortened her ban on running, allowing a fourth bid. Her sentence of a year with an electronic tag is on hold pending a higher court appeal, creating uncertainty for the campaign.
Renewed fighting between the US and Iran has caused crude oil prices to jump 7% and stock prices to fall significantly. The escalation threatens market volatility and could impact Federal Reserve interest rate decisions.
Renewed fighting between the US and Iran has caused crude oil prices to jump 7% and stock markets to fall. President Trump declared an end to a ceasefire, leading to US military strikes on Iranian targets. This escalates global market volatility and adds pressure on the Federal Reserve.
The US Supreme Court upheld birthright citizenship, providing relief to thousands of Indian families whose US-born children retain citizenship. Despite the ruling blocking Trump's executive order, many Indian professionals on H-1B visas still face long waits for green cards and immigration uncertainty.
The IMF forecasts shipping through the Strait of Hormuz to resume by mid-July, with a return to pre-conflict conditions expected by March 2027. Geopolitical uncertainty is projected to continue throughout the coming year.
US Treasury revoked General License X, impacting Iranian oil transactions. While crude oil prices rose due to tanker attacks near the Strait of Hormuz, Bitcoin remained stable, raising questions about market confidence and future inflation impacts.
Donald Trump shared a social media post praising renewed US strikes on Iran after Tehran attacked three ships in the Strait of Hormuz. The US military targeted over 80 Iranian military sites in response to the aggression, raising concerns about the collapse of interim agreements and regional escalation.
In Ein Arik, Palestinian families face escalating settler violence targeting their livelihoods, with young olive trees uprooted and irrigation pipes cut. This surge is linked to Israeli political dynamics ahead of elections, as radical settler elements establish outposts like Maoz Tzur to seize territory and disrupt Palestinian communities.
Taiwan's T-Dome air defence program is delayed as the indigenous Strong Bow missile system lacks a clear funding source. The legislature approved a reduced special defence budget, excluding the missile system. Efforts to secure supplementary funding are stalled due to disagreements between the cabinet and defence ministry.
