Trump threatens trade penalties on Spain over NATO spending shortfall
Former president vows to double trade costs after Spain rejects 5% defense GDP target backed by NATO allies
U.S. warns energy firms against unauthorized ethane deliveries to China
Commerce Department permits loading but bans offloading in China without license; violators risk double penalties
Vietnam eyes US trade deal ahead of July tariff deadline
PM Pham Minh Chinh hopeful as Hanoi races to avert return of 46% tariffs amid rising trade surplus and pressure to limit Chinese tech
Oil rises over 1% as U.S. demand data supports market
Brent crude rises 1.2% to $67.96 a barrel by 2:54 pm GMT, while U.S. West Texas Intermediate (WTI) crude gains 1.3% to $65.20
Dollar trades mixed as markets await new direction
Dollar gains 0.49% against the yen to 145.62
China and India reduce Indonesian coal imports
China’s coal imports fall nearly 10% to 137.4 million tons, while India’s decline more than 5% to 74 million tons
U.S. lawmakers introduce bill to ban Chinese AI from federal use
U.S. executive agencies would be prohibited from buying or using those technologies unless granted an exemption by Congress
Samsung wins UK court ruling for interim use of ZTE’s mobile phone patents
The case is part of a wider global dispute over fair, reasonable, and non-discriminatory (FRAND) terms for patent licensing in the telecom industry
UAE FinTech market to nearly double by 2029, reaching $5.7 billion
Emirates NBD–PwC report cites strong AI integration, VC backing, and digital adoption as key growth drivers
IMF biggest debtor Argentina seeks waiver on FX reserves misses
Argentina will likely get IMF waiver, say analysts, ex-officials
UK watchdog proposes new rules for Google’s search business
Google controls over 90% of the UK’s general search market and plays a major role in digital advertising
OpenAI says Chinese AI firm Zhipu AI is gaining ground with government contracts
The company is part of China's broader push to become a global leader in artificial intelligence and reduce dependence on U.S. technology
U.S. new vehicle sales expected to rise 2.5% in June
The average new vehicle retail price in June is expected to reach $46,233, up 3.1% from a year earlier and 0.2% from May
Bangladesh to get $1.3 billion from IMF after review completion
$884 million will be disbursed under Extended Credit and Fund Facilities, with another $453 million coming through Resilience and Sustainability Facility
BYD slows production, delays capacity expansion at China factories
BYD has at least seven car factories in the country and it has targeted a near-30% rise in sales to 5.5 million this year