Russia's Navy is developing a cutting-edge, large-displacement unmanned vessel to detect submarines and underwater objects, marking the first of its kind under the state armament program.
A predicted 'super' El Nino could inflict $10-20 billion in damage across Africa, threatening food security, government finances, and banking sectors, potentially reducing GDP by 1-2% in heavily affected countries.
New York City Mayor Zohran Mamdani announces a new tax on second homes worth over $5 million, aiming to fund public services, despite the city's ongoing loss of high-income residents to lower-tax states like Florida and Texas.
Summary of global news: Strikes near Kiev, Putin on Russian defense, Zelensky on Ukrainian conflict, Khan's ICC removal, EU sable fur sanctions avoided, and various geopolitical tensions.
US stocks (S&P 500, Nasdaq) fell as Middle East tensions drove oil prices up, inflation concerns rose, and investors scrutinized AI spending returns. Key earnings from Alphabet, Intel, and healthcare players like Eli Lilly and Johnson & Johnson also influenced the market.
Hong Kong's Northern Metropolis is poised to drive future economic growth, with plans to optimize public housing sizes, increase private housing unit minimums, and raise public open space standards by 30% to 3.5 sqm per capita.
Xia, Beijing's point man on Hong Kong affairs, calls on Hong Kong lawmakers to support the chief executive, enhance governance, boost local development, and address residents' concerns.
New York City Mayor Zohran Mamdani has appointed former FTC chair Lina Khan to lead the board of the NYC Economic Development Corporation (EDC), alongside Anthony Shorris as president and CEO. Mamdani aims to combine urban business growth with his progressive affordability agenda, emphasizing economic development and justice.
India's Akasa Air seeks $110M for expansion, while Malaysia's AirBorneo launches international service, both growing despite high jet fuel prices and Middle East conflict, signaling smaller Asian carriers' growth amidst larger airlines' capacity issues.
Charles Edwards of Capriole Investments urges Bitcoin developers to create a clear roadmap for quantum computing resistance, predicting a rapid price surge if they do. The community debates the timing and impact of such changes, while BlackRock notes quantum risk.
Hong Kong's trade promotion body will establish a new office in Egypt within nine months to expand its presence in Africa. This strategic move leverages China's zero-tariff treatment for 53 African nations and recalibrates resources from slower-growing traditional markets.
India's stand-in bowling coach Sunil Joshi lauded Vaibhav Sooryavanshi for his record-breaking T20I fifty against Zimbabwe, emphasizing focus on his batting while planning gradual bowling development. Joshi also urged patience with emerging all-rounder Suryansh Shedge and praised Ravi Bishnoi's effective run-up adjustment.
Solar Impulse 2 completed the first fuel-free round-the-world flight in July 2016, demonstrating that advanced engineering and solar energy could power an aircraft across continents. The 40,000 km journey, lasting 16 months with 16 stopovers, showcased clean-energy technology in aviation.
India's DRDO Gas Turbine Research Establishment (GTRE) successfully developed its first 350kg thrust-class expendable turbojet engine. This indigenous technology is crucial for platforms like cruise missiles and target drones, reducing import dependence and enhancing capabilities for non-contact kinetic warfare.
WuXi AppTec's Hong Kong-traded stock jumped 37% as major shareholders JPMorgan Chase, UBS Group, and BlackRock increased their stakes. The company is set to release its half-year earnings on August 3, with high market expectations.
Scientists created 'Moon cement' using lunar and Martian regolith simulants, testing it for six months outside the ISS. Samples showed no degradation, with one composition exhibiting 35% higher compressive strength than Earth controls, advancing off-world construction.
The 21 APEC member economies, including the U.S. and China, issued the "Chengdu statement" on AI, supporting open-source development while emphasizing security, data protection, and intellectual property rights, signaling a move towards increased state oversight in the sector.
Israeli Defense Minister Israel Katz stated the IDF would deliver a "crushing blow" to Iran if attacked, following US President Trump's remarks about considering a massive strike on Iran and Israel's potential involvement.
Chinese Foreign Minister Wang Yi met Brazilian Foreign Minister Mauro Vieira in Manila, offering China's support for Brazil's sovereignty, security, and development interests. In return, Wang requested Brazil's support for China's "core interests," including Taiwan, Tibet, Xinjiang, and Hong Kong, following new US tariffs on Brazilian goods.
Zimbabwe's Finance Minister Mthuli Ncube announced the country has joined the BRICS-created New Development Bank (NDB), a move aimed at securing long-term financing for infrastructure and industrial projects after two decades of struggling to obtain loans from traditional international financial institutions.
Melinda French Gates' quote highlights that empowering women extends beyond individual benefits, positively impacting their children, families, communities, and countries through education, financial independence, and leadership, fostering collective societal development.
Despite perceived decline, the 2020s have seen significant innovation in cinema, driven by YouTube creators achieving box office success, the emergence of copyright expiry films, and unprecedented audience influence on film production and marketing, as seen with *Sonic the Hedgehog* and *Barbenheimer*.
India's DRDO successfully conducted the maiden flight test of the Long-Range Surface-to-Air Missile (LR-SAM) Kusha from APJ Abdul Kalam Island. This marks a significant step in developing an indigenous long-range air defence shield, aiming to rival systems like Russia's S-400 Triumf and the US MIM-104 Patriot.
The United States will approve a non-military nuclear deal with Saudi Arabia, signed by US Secretary of Energy Chris Wright and Saudi Energy Minister Prince Abdulaziz bin Salman Al Saud, only if the kingdom normalizes ties with Israel by joining the Abraham Accords, as stated by President Donald Trump.
