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Gulf
US strikes Iran after ships attacked in Hormuz
The Trump administration also revoked a general license allowing the sale of Iranian oil on the open market.
Trump expected to remove Syrian terrorism designation
Advocates for fully normalized relations with Damascus are bullish ahead of the US president’s meeting with his Syrian counterpart.
Trump expected to remove Syrian terrorism designation
Advocates for fully normalized relations with Damascus are bullish ahead of the US president’s meeting with his Syrian counterpart.
View / What FIFA and the US economy have in common
View / The debate over AGOA is missing the point
The World at a Glance
Updated 7:50pm EDT
1
The US launched fresh strikes against Iran in response to attacks on three commercial vessels in the Strait of Hormuz.
2President Trump lashed out at NATO, threatening to remove all US troops from Europe, undercutting allies’ efforts to placate him.
3Global foreign investment rose last year, the UN said, while warning the outlook is clouded by trade policy uncertainty and geopolitical tensions.
4Foreign investors are returning to Asia’s two largest emerging markets, as India and China regain favor with global fund managers.
5DeepSeek is developing its own AI chip, a move that could reshape China’s domestic semiconductor race and ramp up pressure on Nvidia.
6Europe’s leading far right figures are facing difficulties, underscoring a failure to coalesce behind sizable polling advantages.
The hunt is on for Platner’s replacement in Maine
Maine Democrats accused Graham Platner’s Senate campaign of putting a “thumb on the scale” in the debate over how to replace him.
Trump lashes out at NATO, still wants Greenland
The threats undercut European allies’ efforts to placate him during the NATO summit in Türkiye.
Global foreign investment ticks up but outlook is cloudy
The Trump administration’s decision last week not to renew the US-Mexico-Canada trade pact risks deterring investors.
India, China are winning back investors
Foreign investors are returning to Asia’s two largest emerging markets, though lingering concerns could temper inflows.
Sanders ends his silence on Platner’s implosion
The Vermont senator declined to urge Maine Democrats to replace the beleaguered candidate with a like-minded progressive.
Türkiye stifles dissent ahead of NATO meeting
More than 200 people were arrested in protest marches and anti-terror raids, including academics, lawyers, and journalists.
AI investors chase the chokepoint
The next test of this trade is the US listing of SK Hynix, South Korea’s second-largest memory chip maker, which aims to raise $28 billion.
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Politics
The hunt is on for Platner’s replacement in Maine
Maine Democrats accused Graham Platner’s Senate campaign of putting a “thumb on the scale” in the debate over how to replace him.
Aleksandra Michalska/Reuters
Trump expected to remove Syrian terrorism designation
Advocates for fully normalized relations with Damascus are bullish ahead of the US president’s meeting with his Syrian counterpart.
Evan Vucci/Reuters; Yves Herman/Pool via Reuters
Trump lashes out at NATO, still wants Greenland
The threats undercut European allies’ efforts to placate him during the NATO summit in Türkiye.
Jonathan Ernst/Reuters
Sanders ends his silence on Platner’s implosion
The Vermont senator declined to urge Maine Democrats to replace the beleaguered candidate with a like-minded progressive.
Court clears French far-right leader Marine Le Pen to run for president
Le Pen would likely be confined to her home with an ankle monitor.
Why Hakeem Jeffries may not have a vote problem
Some Democrats are bullish that they’ll have a large enough majority to neutralize threats to Jeffries’ leadership bid.
White House still mum on housing bill
House Speaker Mike Johnson said last week that he doesn’t believe the president will veto the bill.
Behind Lockheed subsidiary’s payments for new White House helipad
The president said on Monday that the helipad construction would be paid for by the Lockheed Martin-owned Sikorsky.
Democrats want a Platner replacement
Maine Democrats could choose another candidate by July 27 if Graham Platner quits by July 13.
‘Stop embarrassing yourself’: Congressional Republicans clash over international event
The Senate Armed Services Chair briefly barred a GOP colleague from his flight back to Washington as the squabble escalated.
Democratic presidential hopeful questions absolute US support for Israel
Rahm Emanuel, an Israel supporter and critic of the Netanyahu government, plans to say Israel should view US support as “expressly contingent” on several factors.
Business
DeepSeek’s AI chip plans
DeepSeek is developing its own AI chip, Reuters reported, in a move that could reshape China’s domestic semiconductor race while also ramping up pressure on US chip giant Nvidia.
Max A. Cherney/Reuters
India, China are winning back investors
Foreign investors are returning to Asia’s two largest emerging markets, though lingering concerns could temper inflows.
Global foreign investment ticks up but outlook is cloudy
The Trump administration’s decision last week not to renew the US-Mexico-Canada trade pact risks deterring investors.
What FIFA and the US economy have in common
A plausible response to the process to reverse the ban on US striker Folarin Balogun’s ban: FIFA has always been corrupt, might as well make it work for us.
Amazon returns to the bond market
Big Tech companies have hit the limits of their cash flows, and are turning to the markets to cover their AI bills.
Technology
Amazon returns to the bond market
Big Tech companies have hit the limits of their cash flows, and are turning to the markets to cover their AI bills.
Phil Noble/Reuters
Cloudflare puts prices on AI scraping
Cloudflare recently rolled out what is essentially a bot paywall that would allow its customers to charge AI models for scraping its customers’ content.
Yves Herman/Reuters
Trump boosts Dell stock with White House remarks
The US president encouraged Americans to “go out and buy a Dell computer.”
Alibaba wins US lobbying reprieve
It’s the latest development in a closely-watched case with implications for the countries’ technological rivalry.
Chip stocks lead Big Tech rally
It’s the start of a critical week testing investor appetite in the AI boom.
India benefits from lack of AI stocks
India’s stock market has lagged behind the rest of the world largely due to its lack of big AI names. That’s now proving to be an advantage.
Energy
Saudi Arabia slashes main crude oil price for Asian customers
Despite the discount, Asian buyers said Saudi supplies were still more expensive than those from other regional producers.
Ali Jarekji/Reuters
US heat wave strains grid
A heat wave gripping the US this week is putting pressure on an already-strained energy grid.
Jordan Tovin/Reuters
Russia faces growing fuel shortage
President Vladimir Putin acknowledged this week that Ukrainian drone attacks on Russian refineries had triggered fuel shortages, but downplayed the severity of a crisis.
Alexander Ermochenko/Reuters
Gulf
US strikes Iran after ships attacked in Hormuz
Washington said the strikes were in retaliation for three ships that were hit in the Strait of Hormuz on Tuesday.
Kim Soo-hyeon/File Photo/Reuters
ADNOC spends $1B on gas stations in South Africa
The deal hands Abu Dhabi state oil company’s retail arm 580 gas stations and a 10% market share in Africa’s largest economy.
Emirates cargo conversion takes flight
The UAE carrier operated the first commercial flight of a Boeing 777-300 passenger-to-freighter conversion.
UAE developer Arada seeks funds for Gulf real estate
The firm launched a fund management arm, bringing in outside investors for the first time to help finance its real estate developments.
Saudi Arabia slashes main crude oil price for Asian customers
Despite the discount, Asian buyers said Saudi supplies were still more expensive than those from other regional producers.
China
‘FOBO’ is driving China’s AI anxiety
For the first time in living memory, the arrival of a new technology has inspired apprehension, rather than unrestrained enthusiasm in China.
Tingshu Wang/Reuters
Alibaba wins US lobbying reprieve
It’s the latest development in a closely-watched case with implications for the countries’ technological rivalry.
Florence Lo/Reuters
Regional powers protest as China tests long-range missile
Beijing insisted the test was not directed at any particular country, but the move drew rebukes from Japan, Australia and New Zealand.
Maxim Shemetov/Reuters
Africa
East African animators break onto global stage
The Addis-Ababa-based studio behind ‘Sunday Morning’ took home two awards.
@behagerlij/Instagram
Dangote eyes expansion into Tanzania
The Nigerian billionaire held talks with Tanzania’s president last week, and formal talks to finalize a deal are to be held soon.
Temilade Adelaja/Reuters
Economists warn Africa faces prolonged crunch
A US-Iran ceasefire is unlikely to ease short-term conditions in a region badly impacted by the war.
DRC to extend fuel subsidy cuts for mining companies
The government said it was “rationalizing” fuel support by targeting sectors able to absorb market prices.
Lawsuits threaten Nigerian opposition challenge to Tinubu
Opposition parties say the cases raise concerns about transparency and rule of law ahead of January 2027 elections.
The debate over AGOA is missing the point
The US needs to stop thinking of Africa as a collection of bilateral relationships and start building a continental trade and investment strategy.
Security
Zelenskyy says Trump has changed mind on war
The US president “wants to be where there’s success,” Zelenskyy told the Financial Times.
Jonathan Ernst/Reuters
Fearing Russian aggression, Eastern Europe prepares
Along Europe’s eastern flank, countries are stockpiling, fortifying, and preparing to go it alone in the face of Russian aggression.
Kuba Stezycki/Reuters
Moscow and Kyiv escalate air campaigns
Russia and Ukraine both launched strikes, vying for the upper hand ahead of a key NATO summit this week.
A Russian drone and missile attack in Kyiv yesterday. Oleksandr Ratushniak/Reuters.
Media
‘The View’ throttles back political candidate bookings following FCC inquiry
Since February, the ABC daytime talk show has cut its bookings of candidates for office.
Daniel Cole/Reuters
Daily Wire, under pressure, seeks strategic investors, targets IPO
The Daily Wire is in talks to take on at least $100 million in investment, with an eye on an initial public offering in a few years’ time.
OpenAI’s $100 billion ad bet
The tech giant rolled out new tools for creatives.
The Atlantic beefs up its video podcasts
One of America’s oldest magazines is investing in video after seeing notable growth in its audience.
David Droga on AI and the end of ‘mediocre’ human-made ads
As he sees it, the advertising industry is in the throes of a profound technological shift.
CEO Signal
How Allianz’s CEO prepares for the risk of ‘huge havoc’
Oliver Bäte says Europe can no longer afford all the options its citizens expect.
Courtesy of Allianz/Graph Massara/Semafor
The MSCI boss helping Elon Musk get closer to Mars
Henry Fernandez says the index provider has grown by playing soccer, not singles tennis.
Courtesy of MSCI/Graph Massara/Semafor
How Antonio Neri turned HPE into an unlikely AI stock
The veteran dealmaker says he’s ‘building the best networking business on the planet’.
Courtesy of HPE/Graph Massara/Semafor
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