AI Summary
- The U.S. is boosting arms support for Ukraine amidst intensified Russian attacks, while tensions remain high in the Middle East with negotiations ongoing between Israel and Hamas for a ceasefire.
- Canada’s finance minister is seeking cabinet-wide spending cuts of 7.5% to fund tax breaks and increased defense expenditures, signaling a tightening fiscal environment.
- The Gulf nations, especially amid heightened U.S.-China tensions, are increasing defense budgets, reflecting a growing strategic realignment in the region.
- The European Union is navigating significant trade challenges, with imminent deadlines for tariffs as tensions rise with the U.S. over digital taxes and broader trade policies.
- A stark economic divide is emerging, evidenced by warnings of a slowdown in Russia’s economy due to sanctions, while the U.S. faces its own fiscal challenges, including a potential debt crisis.
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Wall Street Journal
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Trump to Resume Sending Weapons to Ukraine
wsj.com
3 hours ago
by Lara Seligman
The U.S. will send additional defensive arms because Moscow is hitting Kyiv “very hard,” the president said.
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Trump and Netanyahu Meet as New Middle East Tests Loom
wsj.com
4 hours ago
by Michael R. Gordon
A region that was awash in conflict and risk turns toward dealmaking—but for how long?
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How Old-School Tech Is Rewiring Drone Warfare in Ukraine
wsj.com
4 hours ago
by Matthew Luxmoore
Kyiv is trying to blunt Russia’s grinding advance with a new generation of quadcopters steered by long coils of ultrathin and highly versatile…
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Europe’s Crackdown on Speech Goes Far and Wide
wsj.com
6 hours ago
by Natasha Dangoor
Loosely defined hate-speech laws and the rise of social media have led to zealous policing, resulting in fines and prison sentences for some o…
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Canada’s Finance Minister Asks Cabinet Colleagues to Identify Spending Cuts
wsj.com
12 hours ago
by Paul Vieira
François-Philippe Champagne calls for spending cuts of 7.5% to finance tax breaks and higher defense budget.
Financial Times
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Trump renews threat to hit trading partners with steep tariffs
ft.com
2 hours ago
by FT Client Support
White House extends deadline for ‘reciprocal’ levies from July 9 to August 1
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The markets just don’t believe Trump on tariffs
ft.com
2 hours ago
by FT Client Support
And that might become a problem
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US contractors cut off by Doge get a lifeline from private credit
ft.com
3 hours ago
by FT Client Support
Groups left hanging with unpaid bills by Elon Musk’s efficiency drive turn to bridge loans for survival
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Why driverless vehicles just can’t quit humans
ft.com
3 hours ago
by FT Client Support
Regulators need to ask more questions about the people in the shadows
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China’s weaponisation of rare earths is a new kind of trade war
ft.com
3 hours ago
by FT Client Support
The country’s latest sanctions are proving far more effective than prior efforts
CNBC
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Trump announces steep tariffs on 14 countries starting Aug. 1
cnbc.com
9 hours ago
President Donald Trump, in social media posts, shared screenshots of signed form letters dictating new tariff rates to the leaders of 14 count…
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Tech founders call on Sequoia Capital to denounce VC Shaun Maguire's Mamdani comments
cnbc.com
7 hours ago
Shaun Maguire, an outspoken Trump supporter, is getting publicly criticized for recent posts about New York City Democratic mayoral candidate …
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Japan calls Trump's latest tariff salvo 'regrettable' as nations scramble to deal with fresh deadline
cnbc.com
2 hours ago
Trump shared screenshots of letters detailing new tariff rates for over a dozen countries, allowing room for further negotiations before the r…
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The declining dollar faces more headwinds after posting worst first-half return in 52 years
cnbc.com
12 hours ago
The U.S. dollar faces a variety of headwinds heading into the second half of the year that could have important investing implications.
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Australia unexpectedly holds policy rate as it awaits more inflation data
cnbc.com
2 hours ago
The RBA said it was waiting for "a little more information to confirm that inflation remains on track to reach 2.5 per cent on a sustainable b…