An unnamed Shanghai-based company aims for an IPO by year-end, driven by Beijing's semiconductor self-reliance initiative amidst ongoing US export controls.
The U.S. continues airstrikes on Iran, which retaliates against U.S. targets in the Gulf, escalating regional tensions. President Trump considers a "massive attack" as the UN warns of an unimaginable crisis. Oil prices fluctuate, and Houthi rebels attack Saudi tankers, drawing further threats.
Indigenous leaders on the Brazil-Peru border report their communities are "taken hostage" by organised crime groups involved in drug trafficking, illegal logging, and mining. The Asháninka people, facing severe threats, appealed to the Brazilian government for permanent security presence and protection, warning of disastrous self-defense if the state fails to act.
The US has implemented a new global visa restriction policy targeting individuals involved in cybercrime, including online investment scams and sextortion. The policy, announced by Secretary of State Marco Rubio, also applies to immediate family members and aims to combat international cybercrime networks, particularly those defrauding US citizens.
The UK government declared its readiness to defend itself after Iran's military warned that any bases used by the US for aggression against Iranian territory, including British ones, would be legitimate targets. This follows US strikes against Iran and previous attacks on UK bases.
The EU unveiled its largest sanctions package in four years against Russia, leading FIDE President Arkady Dvorkovich to suspend his activity. The measures target 218 individuals and entities, including banks, vessels, and military-industrial complex, while Ukraine faces ongoing attacks.
The US military targeted Iran's command centers and maritime capabilities for the 13th consecutive night, while Iranian state media reported explosions. The US also redirected 12 commercial vessels in the Strait of Hormuz. This follows Houthi attacks on Saudi oil tankers, prompting US President Trump to threaten military punishment and use seized Iranian assets for damages. German Chancellor Merz condemned Houthi attacks.
AMD launched its Helios AI rack system and Venice-X CPU, aiming to challenge Nvidia's market dominance. CEO Lisa Su announced major customers like Microsoft and predicted the AI accelerator market would reach $1.4 trillion by 2030, driven by agentic AI demand.
The EU has enacted its 21st sanctions package, expanding measures against Russia's financial and banking sector with asset freezes and transaction bans on 94 institutions. It also targets a Kyrgyz bank and three other non-Russian banks for circumventing sanctions, and introduces a new instrument for a full third-country ban on crypto-asset services used by Russia.
A video released by the PLA-affiliated China Military Bugle showcases PHL-191-launched airburst rockets, designed to attack personnel and lightly protected equipment. Analysts suggest this indicates Beijing's potential strategy to disrupt Taiwan's detection, communication, and response capabilities in a conflict before larger operations begin.
The European Central Bank (ECB) kept interest rates unchanged but stated it is closely monitoring the economic impact of the Iran war, particularly on energy prices and inflation. Future rate hikes remain possible if deemed necessary to meet the 2% inflation target.
Manchester United is reportedly targeting Real Madrid's Eduardo Camavinga and Fulham's Sander Berge to strengthen its midfield, despite recent signings. This move comes after Casemiro's departure and Manuel Ugarte's prolonged injury, with potential transfer fees for Camavinga estimated at €50m-€60m and Berge at £40m.
Hull City owner Acun Ilicali expressed disturbance over "false transfer rumors" and claims of rejection. In an unusual social media post, he provided numerical clues with country flags and percentages indicating progress on new signings, including a 99% likelihood for a Japanese player, as the club prepares for its Premier League return.
Russia maintains contact with the US on Ukraine but sees no escalation in conflict resolution efforts. Tensions between the US and Iran persist, with experts speculating on the use of ceasefires for strategic planning. The EU struggles to agree on new sanctions against Russia.
U.S. prosecutors filed five civil-forfeiture complaints seeking approximately $26.4 million in cryptocurrency linked to international fraud, including investment and romance scams, with launderers primarily in Southeast Asia. The process aims to freeze assets and eventually repay victims, though final disposition is pending.
Summary of global news: Russia-Ukraine conflict escalations, US-Iran tensions, EU sanctions debates, and various international diplomatic and military developments.
Ukraine attacked four Wildberries warehouses in Russia, escalating its drone campaign against the country's top online retailer. The strikes, targeting a key economic driver, threaten disruption for businesses and millions of Russian consumers.
Lucas Findley's property in North West Queensland successfully planted cotton after floods, showcasing the region's cropping potential. A $5.3 million government and industry investment aims to expand cotton, grain, and pulse production by 2035, diversifying traditional cattle country.
After China's 2023 crackdown on online scams in Southeast Asia, criminal syndicates shifted their primary targets from Chinese nationals to Americans, leading to significant financial losses for US victims and creating a global "whack-a-mole" challenge.
Iran warns of 'eye for an eye' retaliation against US threats to target infrastructure, as MAGA support for Trump's Iran war drops to 37%. Regional tensions escalate with Houthi threats in the Red Sea and Israeli spy chief's visit to Washington.
President Donald Trump vowed the U.S. will destroy an Iranian bridge or power plant, including in Tehran, for every attack on a ship in the Strait of Hormuz. Iran threatened regional infrastructure strikes in response. This escalates hostilities following a collapsed ceasefire and US service member deaths, while the US continues operations in the Strait and oil prices rise.
Krasnodar Governor Veniamin Kondratyev announced plans to analyze potential Ukrainian targets and strengthen anti-terrorist protection of civilian facilities following an increase in drone attacks, which recently caused a fire at a Wildberries warehouse and resulted in one death and 17 injuries.
Beijing-based AI start-up Moonshot AI is set to close its current funding round at a US$30 billion valuation and plans a subsequent round as early as August, targeting up to US$50 billion before a potential listing, according to a source familiar with the matter.
President Trump plans 100-200% tariffs on generic drugs by 2028 to reshore production, impacting Indian pharma. US and China are set for AI talks amid IP theft concerns. US strikes Iran for an 11th night as Secretary Rubio questions Iran's seriousness in peace talks. Alphabet and Tesla earnings are also due.
