World
AI Summary
- The US manufacturing sector shows robust growth, with the ISM Manufacturing Survey reaching a four-year high, though some analysts caution about underlying weaknesses.
- Geopolitical tensions remain high as Iran denies US negotiations despite Trump's claims of a deal, while oil prices fluctuate amidst these developments and potential conflicts.
- The pharmaceutical industry is buzzing with speculation about a potential $400 billion merger between AstraZeneca and Bristol Myers Squibb, though some view it as questionable.
- Artificial Intelligence is set to play a more significant role in the military, with the Pentagon planning AI data centers at bases across multiple branches.
- Europe is grappling with a dual crisis of extreme weather, including record heatwaves and wildfires, alongside a significant surge in migrant arrivals to Spanish enclaves like Ceuta.
ZeroHedge
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US ISM Manufacturing Survey Surges To Strongest In 4 Years, S&P Global Sees "Warning Signs"
28 minutes ago
by Tyler Durden
US ISM Manufacturing Survey Surges To Strongest In 4 Years, S&P Global Sees "Warning Signs" Despite the recent slide in 'hard' data, US Manufacturing remained positive in July, and depending on which survey you are watching, was either flat... or surging. S&P Global US July Manufacturing PMI flat at 53.9 vs 53.8 flash and 53.9 for June - three month lows ISM US July Manufacturing PMI jumped to 55.6 vs 53.9 exp and 53.8 for June - highest since May 2022 Under the hood, ISM's Survey showed better than expected improvements across the board... Prices Paid 71.1, Exp. 71.0 Employment
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Key Events This Week: Jobs, ISMs, Fed Speakers And More Earnings On Deck
an hour ago
by Tyler Durden
Key Events This Week: Jobs, ISMs, Fed Speakers And More Earnings On Deck The week ahead will be dominated by the US labor market, with the JOLTS report tomorrow, the ADP employment survey on Wednesday, and building up to Friday’s July employment report. Beyond the US, investors will be watching Swiss inflation today, Swedish inflation on Thursday, German activity data throughout the week (culminating in trade and industrial production figures on Friday), Chinese PMI releases on Wednesday ahead of trade data on Friday, and Japanese wage data and BoJ communications on Wednesday before household spending figures on Friday. Meanwhile, earnings
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Saylor's Strategy Shores Up Capital Structure With More Bitcoin, Stock Sales
an hour ago
by Tyler Durden
Saylor's Strategy Shores Up Capital Structure With More Bitcoin, Stock Sales Michael Saylor’s Strategy Inc. is plowing ahead with its pivot from relentlessly buying Bitcoin to focusing on shoring up its capital structure by raising its reserve via sales of the token and its own shares. The company that grew to prominence with its years-long Bitcoin-accumulation tactic on Monday announced that it had last week completed a roughly $105 million sale of the digital asset, offloaded three million shares worth $291 million and repurchased some $81 million of of its STRC preferred shares, which are trading at a discount. Some
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"That Was The Era Of The Kospi Mania": Korean Retail Traders Vow Not To Buy After Historic Rout
an hour ago
by Tyler Durden
"That Was The Era Of The Kospi Mania": Korean Retail Traders Vow Not To Buy After Historic Rout By Youkyung Lee, Bloomberg Markets Live reporter and strategist South Korea’s retail traders have long built a reputation for embracing risk. Yet July’s punishing reversal in the Kospi has rattled even this battle-hardened cohort, exposing the limits of their tolerance for volatility. Some, like Kim Han-kyung, a Seoul resident in her late 30s, have resolved never to invest again, while others are comparing the $3.9 trillion market to a casino. Retail investors sold a record amount of Kospi shares on Friday despite
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Kamikaze Drone Slams Into Crowded Russian Black Sea Beach, Killing 3
2 hours ago
by Tyler Durden
Kamikaze Drone Slams Into Crowded Russian Black Sea Beach, Killing 3 The Russia-Ukraine war has dangerously spilled over into the Black Sea , with cargo ships, tankers, and oil and gas infrastructure being targeted by both sides. The sharp escalation in fighting across the region has also come at a cost to civilians. Shocking video circulating on X Monday morning appears to show a Ukrainian suicide drone striking a crowded beach in the Russian Black Sea resort city of Gelendzhik. Russian media outlet Interfax reports that three people were killed and more than a dozen injured " when a drone
The Guardian
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Ceuta leader accuses Morocco over ‘atrocity’ of mass border crossing
25 minutes ago
by Ashifa Kassam in Madrid, Okba Mohammad in Ceuta and Lisa O’Carroll in London
Spain, Morocco, European Union, Europe, Africa, Middle East and north Africa, World newsJuan Jesús Vivas says influx seen as ‘at least encouraged or permitted’ by Rabat, as Spain demands EU solidarity Explainer: why is Ceuta a migration flashpoint? A growing chorus of voices have accused Morocco of helping to fuel the crisis in Ceuta, with the leader of the Spanish enclave describing last week’s border crossings as an attack on Spain’s territorial integrity that was seen as being “if not orchestrated, at least encouraged or permitted by Morocco”. Spain’s interior ministry said late last week that 48,300 of the roughly 50,000 people who had turned up in Ceuta, a tiny Spanish territory
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Chaos of border crossing gives way to limbo for Moroccans on Ceuta’s streets
a day ago
by Okba Mohammad and Javier Jennings Mozo in Ceuta
Spain, Morocco, Migration, Africa, Europe, Middle East and north Africa, World newsPeople among the more than 50,000 who entered Spanish enclave this week describe the journey and their prospects Four days ago, Youssef El Abbas saw an opportunity to reclaim the life he had lost seven years earlier. News was circulating that about 400 people had swum from Morocco to the neighbouring Spanish enclave of Ceuta on the north African coast, approximately 12 miles (19km) across the strait of Gibraltar from mainland Spain. Here was a chance for the 44-year-old Moroccan father of four to return to Spain, from which he had been deported when his residency expired after the loss
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Anti-LGBTQ+ laws are on the rise across west Africa, campaigners warn
a day ago
by Rachel Savage in Johannesburg
LGBTQ+ rights, Africa, World news, Burkina Faso, Senegal, Niger, Nigeria, Uganda, Ghana, MaliActivists in the region say politicians regard LGBTQ+ people as ‘the easiest scapegoats to maintain their power’ A growing number of west African countries are implementing or strengthening anti-LGBTQ+ laws, amid local political pressures and a global pushback against LGBTQ+ rights. In March, Senegal doubled the maximum prison sentence for gay sex to 10 years and criminalised the “promotion” of homosexuality. Niger criminalised “sexual relations with a person of the same sex” in February, the first time same-sex intimacy had been outlawed in the country. Continue reading...
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EU to hold urgent meeting of interior ministers on Tuesday over Ceuta crisis
2 days ago
by Lisa O’Carroll in London and Sam Jones in Madrid
Spain, Europe, European Union, Morocco, Migration, Pedro Sánchez, Africa, Middle East and north Africa, World newsDivisions remain in the bloc over mass crossing of migrants into Spanish territory in north Africa The EU is to hold an urgent meeting of interior ministers on Tuesday amid continued divisions in the bloc over the arrival of more than 50,000 migrants in the Spanish territory of Ceuta in north Africa. The decision was taken by officials representing EU member states and Frontex border agency experts at what was described as a “sobering” meeting on Saturday. Continue reading...
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At least 57 people die as tens of thousands cross to Spanish enclave of Ceuta from Morocco
3 days ago
by Sam Jones in Madrid, Angela Giuffrida in Rome and Jakub Krupa
Spain, Morocco, Pedro Sánchez, European Union, European Commission, Migration, Italy, France, Africa, Europe, World news, Middle East and north AfricaPedro Sánchez decries ‘violation of territorial integrity’ as other EU countries criticise Madrid over incident At least 57 people have died trying to reach the Spanish enclave of Ceuta after as many as 50,000 migrants entered the tiny territory from Morocco in what Spain’s prime minister, Pedro Sánchez, called “a violation of Spain’s territorial integrity”. The huge influx, which took place over the course of just 24 hours, overwhelmed the city of 85,000 people, triggered a political crisis for Madrid and led to a mixed reaction from other EU countries, including calls for Spain to be suspended from the Schengen
South China Morning Post
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Trump election claims debunked, US critical minerals fears: 7 US-China relations reads
38 minutes ago
by SCMP
We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Liberation Day 2.0? US slaps fresh wave of tariffs on China, 50-plus economies On June 24, the United States imposed a fresh wave of tariffs against 60 economies, including China, Japan, South Korea, India and European Union member states, hours before a temporary 10 per cent blanket levy...
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UK jails man for claiming late mum’s benefits while keeping her body in freezer
an hour ago
by Reuters
A British man who kept his mother’s body in a freezer for nearly three years while he received almost £80,000 (US$108,000) of her welfare benefits was jailed on Monday. Christopher Phillips, 60, had admitted preventing the lawful and decent burial of his 89-year-old mother Sylvia Phillips after she died in March 2023 until his arrest at their home in Porthcawl, south Wales, in February this year. Phillips also pleaded guilty to fraud after he received about £78,000 in benefits and pension...
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Iran war could still alter Beijing’s policy calculus: economist
2 hours ago
by Frank Chen
With the US-Israel war on Iran entering its sixth month, Chinese policymakers have a multitude of questions weighing on their minds, with two proving particularly thorny according to a prominent economist: how much longer the conflict might last, and whether it will necessitate adjustments to previous plans. While the continuing impact on China might remain “small”, said Mao Zhenhua – co-director of Renmin University’s Institute of Economic Research and a professor at the University of Hong...
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Can we govern AI in a fragmented world before it’s too late?
2 hours ago
by Shouqing Zhu
Artificial intelligence is transforming the world at extraordinary speed. It is reshaping manufacturing, finance, healthcare, education, scientific research and even the way governments make decisions. While AI advances at an unprecedented pace, one fundamental question has come to the fore: how to govern intelligence in an interconnected yet increasingly fragmented world? The question came into sharper focus after Chinese President Xi Jinping delivered the opening address at the World AI...
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The US has helped pull Japan’s yen out of a 40-year low. Why?
4 hours ago
by Sylvia Ma
Only days ago, the Japanese yen’s descent showed no signs of stopping, having already dropped to a 40-year low. But by Monday morning – after a rare intervention on the currency’s behalf by Tokyo and Washington – it surged as high as 155.23 per US dollar, its strongest level since early May, according to Chinese financial data provider Wind. The joint action took on an extra layer of intrigue after a Reuters photograph revealed that a “to-do” list from US Treasury Secretary Scott Bessent during...
New York Times
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Trump’s Meddling in Justice Dept. Causes Problems of His Own Making
an hour ago
by Alan Feuer
United States Politics and Government, Legal Profession, Federal Bureau of Investigation, Internal Revenue Service, Justice Department, Blanche, Todd (Attorney), Comey, James B, Cornyn, John, Hearn, David (1959- ), Pirro, Jeanine, Tillis, Thomas R, Trump, Donald JIn the past week alone, President Trump’s interference has imperiled one criminal case, set the stage for sanctions in a second and hindered the confirmation chances of his pick for attorney general.
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New Limits on Trump’s I.R.S. Deal, and Prosecutors Say Reflecting Pool Work Was ‘Botched’
5 hours ago
by Tracy Mumford, Will Jarvis, Margaret Kadifa, Jake Lucas, Ian Stewart and Ben Hubbard
United States Politics and Government, Wildfires, Israel-Gaza War (2023- ), Football (College), Internal Revenue Service, Trump, Donald J, Gaza Strip, Israel, internal-open-access-audioPlus, why college jerseys suddenly have corporate logos.
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Author of Democrats’ 2024 Autopsy Says Party Left Out Key Chapter
3 hours ago
by Shane Goldmacher
Democratic Party, Democratic National Committee, Martin, Ken (1973- ), Presidential Election of 2024, United States Politics and Government, Rivera, Paul, Biden, Joseph R JrA dispute over the chapter between the author and the Democratic National Committee has added to the party’s turmoil as it tries to look forward, not backward.
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Michigan’s Tense Democratic Senate Race Poses a Big Test for a Divided Party
6 hours ago
by Reid J. Epstein and Sam Easter
Midterm Elections (2026), United States Politics and Government, Democratic Party, American Israel Public Affairs Committee, El-Sayed, Abdul, Stevens, Haley, MichiganProgressives hope momentum by Dr. Abdul El-Sayed will give them a signature victory. Centrists warn that picking him will backfire in November. Acrimony is everywhere.
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Max Miller, Accused of Abuse, Is Not Stepping Aside. Here’s What We Know.
an hour ago
by Annie Karni
Midterm Elections (2026), United States Politics and Government, Ethics and Official Misconduct, Domestic Violence, Child Abuse and Neglect, House of Representatives, Republican Party, Miller, Max (1988- ), Moreno, Bernie (1967- ), Trump, Donald JThe Ohio Republican who is seeking a third term defiantly denied domestic abuse allegations ahead of a deadline to replace him on the ballot.