Musk’s X refuses to comply with French criminal investigation
The company denies all allegations and accuses authorities of distorting French law to serve a political agenda
China’s exports of two critical minerals drop sharply in June
Both minerals are used in weapons, telecommunications, and solar cells
Republican panel chief urges review of Nvidia’s plan to sell AI chips to China
In a letter to Commerce Secretary John Moolenaar warns that allowing Nvidia to sell H20 chips to China could boost its AI capabilities
China’s rare earth magnet exports to U.S. jump 660% in June
China exports 3,188 tons of rare earth magnets in June, up from 1,238 in May but 38.1% lower than June 2024
Crypto stocks rise after Trump signs stablecoin bill
Shares of Coinbase rose 1.9%, Circle 0.9%, BitMine 4.7%, Bit Digital, BTCS, and SharpLink Gaming 2.6% to 9.4%, Strategy 2.2%, and Dynamix 30%
Microsoft warns of active attacks on server software
The company urges customers to install security updates immediately to prevent further exploitation
China embarks on world’s largest hydropower dam, capital markets cheer
Hydro project on Yarlung Zangbo in Tibet to surpass Three Gorges Dam; India and Bangladesh express concerns over environmental impact
Climate change may push 41 million into extreme poverty by 2050: World Bank
A World Bank report highlights the threat of climate-induced income losses, which could lead to a significant rise in global poverty, particularly in South Asia and Sub-Saharan Africa
China’s Zeekr denies ‘zero-kilometre used car’ allegations
The company forms a task force to review the matter and says it takes corrective steps if needed to ensure transparency and improve customer experience
Trump signs law to regulate dollar-pegged stablecoins
Crypto companies say the law will increase trust in stablecoins and make it easier for banks, businesses and consumers to adopt them
Microsoft stops using China-based engineers for Pentagon cloud services
U.S. Defence Secretary launches two-week review of all department cloud contracts to ensure no China-based personnel are involved
Reliance Industries Q1 profit soars 78% on strong business growth and Asian Paints stake sale
India’s largest company beats analyst expectations as oil-to-chemicals, digital, and retail arms deliver solid gains; other income quadruples to ₹151 billion
Microsoft cuts off China-based engineers from Pentagon cloud support amid national security probe
Move follows ProPublica report, senator’s inquiry, and Defense Secretary Hegseth’s order for a sweeping review of military cloud contracts
IMF boosts Ecuador loan program by $1 billion after successful second review
Country to immediately receive $600 million as government meets key targets amid fiscal, security, and climate challenges
African leaders urge swift AfCFTA rollout as U.S. tariffs threaten continent’s growth
With only 24 nations actively trading under the pact, leaders call for urgent action to counter rising global protectionism and unlock Africa’s $3 trillion potential