BUSINESS
China bans dual-use exports to 8 Taiwan defence entities
The firms make goods and equipment from the submarine Taiwan is developing to drones and bulletproof vests.
WORLD
Trump says Powell should ‘resign immediately’ if he misled Congress
Trump accused the Fed chair of 'whining like a baby about non-existent Inflation for months, and refusing to do the right thing.'
BUSINESS
Asian stocks cautious as tariff talk sinks copper
Chinese shares were in focus ahead of the release of inflation data Wednesday, with the report likely to show consumer prices fell for a fifth month in June.
BUSINESS
Trump might save Christmas with tariff delay, UBS’s Donovan says
Donovan outlined a scenario where consumers first rely on credit cards and savings before then cutting down on spending.
WORLD
Russia locks up population data with war in Ukraine in its fourth year
Russia doesn’t disclose casualties from the war and the appraisals differ. While Western sources put the figure around 1 million, some Russian sources estimate them at about 200,000.
BUSINESS
Bangladesh to push for deeper tariff cuts in talks with US
Officials are scheduled to hold crucial trade negotiations with the Trump administration from July 9-10 to seek a solution, Commerce Adviser to the interim government Sk. Bashir Uddin said in an interview from Washington
WORLD
Dubai’s luxury property sales continue record-setting streak
Sales of homes priced above $10 million surged to $2.6 billion between April and June, according to researcher Knight Frank
WORLD
Asia stuck in Trump’s tariff sights as deadline shifts to August 1
The extension leaves Asia’s economies squarely in the US administration’s tariff sights while giving officials a little over three additional weeks to negotiate lower rates
INDIA
Affordable homes in India dwindle to 7-year low: Report
The affordable segment saw supply of new housing units plunge to 30,806 in the six months through June
TECHNOLOGY
Apple loses top AI models executive to Meta’s hiring spree
Ruoming Pang, a distinguished engineer and manager in charge of the company’s Apple foundation models team, is departing
MARKETS
Japanese, Korean stocks gain after Trump’s new tariff deadline
The yen was fractionally stronger after dropping about 1% overnight. The won gained
WORLD
Asia stocks edge higher as Trump open to tariff talks
The MSCI regional stock benchmark advanced 0.1% led by gains in South Korean and Japanese stocks
BUSINESS
After gasoline, China's oil refiners face a jet fuel glut
Supply this year is already running over 40% ahead of demand, according to data from analytics firm Kpler.
BUSINESS
How Xiaomi succeeded where Apple failed
Xiaomi’s design team, led by former BMW designer Li Tianyuan, has defended the SU7’s aesthetics, emphasizing that the choices were driven by aerodynamic efficiency and performance benchmarks
WORLD
Russia, Iran relegated to the periphery as awkward BRICS guests
Brazil’s Luiz Inacio Lula da Silva, hosting the two-day meeting of BRICS countries, took center stage, flanked by South Africa’s Cyril Ramaphosa and PM Modi on either side
WORLD
Nations chase US trade deals as US treasury secretary Bessent hints at extension
Trump and Bessent’s latest remarks suggest talks remain fluid and deals are elusive three days before the original deadline
BUSINESS
Asian shares cautious on trade angst, oil falls
Indexes in Japan, Australia and South Korea posted small declines after Trump administration officials signaled August 1 as the date for higher levies to kick in and said some countries may get more time to negotiate deals.
BUSINESS
Howard Lutnick says Trump’s tariffs will take effect on August 1
“Tariffs go into effect Aug. 1 but the president is setting the rates and the deals right now,” Lutnick said alongside Trump.
WORLD
How US Secret Service is leading a global pushback against crypto frauds
The agency best known for protecting US presidents has become one of the world’s biggest crypto custodians
WORLD
Trump’s tariff date arrives after a 90-day rollercoaster
The wielding of unilateral tariffs is upending a system that for decades encouraged lower barriers to commerce under rules enforced by the World Trade Organization.
WORLD
OPEC+ will boost supply even faster with larger August hike
Eight key alliance members agreed to raise supply by 548,000 barrels a day at a video conference on Saturday
WORLD
BlackRock halted Ukraine fund talks after Trump’s election win
BlackRock decided to pause talks with institutional investors due to a lack of interest amid increased uncertainty over Ukraine’s future.
WORLD
BRICS set to condemn ‘coercive’ tariffs, draft statement shows
In a draft statement prepared for their meeting in Brazil starting Sunday, leaders will voice “serious concern” about unilateral tariff and non-tariff measures.
BUSINESS
What killing tax credits means for electric vehicle market
On Thursday, Republicans in the US House sent a bill to President Donald Trump’s desk that kills tax credits of up to $7,500 for EV customers that were part of the 2022 Inflation Reduction Act.
