Chinese carmaker Geely to take its EV unit Zeekr private in $6.83 billion deal
Geely owns about 62.8% of Zeekr and plans to buy the remaining shares at $2.687 per share, or $26.87 per American depositary share
Huawei returns to No. 1 in China with 12.5 million shipments in second quarter
Apple ranks fifth in China’s smartphone market and ships 9.6 million units in second quarter, down 1.3% from previous quarter’s 9% drop
Nvidia’s China chip sales tied to rare earth trade deal, sparks U.S. backlash
H20 AI chips set for return under U.S. licence; lawmakers warn move could endanger national security amid China tech race
European earnings outlook dims as Trump’s tariff threats unsettle markets
Q2 profit forecasts revised downward to a 0.7% drop; worst quarterly performance in over a year seen amid trade uncertainty
Drone strike halts output at Iraq’s Sarsang oilfield hours before U.S. deal signing
No casualties reported; HKN Energy suspends production as fires are contained, U.S. condemns attack and urges investigation
Trump to meet UK Prime Minister Starmer in Aberdeen to refine trade deal
Planned July 25–29 Scotland visit includes stops at Turnberry and Aberdeen golf resorts; steel and aluminum tariffs remain unresolved
China’s economic growth slows in the second quarter amid weak demand
China’s economy grows 5.2% in the second quarter compared to a year earlier, slowing slightly from 5.4% in the first quarter
India gets highest-priced Model Y among major markets
The Model Y starts at about $70,000 in India, compared to $44,990 in the United States, $36,700 in China, and $53,700 in Germany
SpaceX to launch Starlink services in Vietnam this year
SpaceX is currently working with Vietnam's Ministry of Finance to meet the requirements for establishing a wholly-owned local unit
U.S. launches national security probe into drone and polysilicon imports
China currently dominates U.S. commercial drone sales, with DJI, the world’s largest drone maker, accounting for more than half of the market
Trump to unveil $70 billion in AI and energy investments
The investments come from various industries that include new data centers and power grid upgrades and expansions
Global EV sales reach 1.8 million in June, up 24 percent from last year
China leads with a 28% increase to 1.11 million vehicles, while Europe sees a 23% rise to about 390,000 units
New Zealand’s central bank says ageing population to reshape financial system
Total savings are set to rise short term but decline later, as people borrow when young, save while working, and spend in retirement, says Bank
Meta to spend hundreds of billions on AI data centers
Zuckerberg says the company’s advertising business provides the financial strength needed to support this investment
Bank of England Governor says global cooperation key to financial stability
Andrew Bailey says countries cannot ensure stability on their own and must work together to respond to global shocks