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Mon, Jul 6, 2026, 9:16 AM EDT

World

ZeroHedge

  • Porsche To Eliminate 4,000 Jobs In Germany: Report 20 minutes ago by Tyler Durden

    Porsche To Eliminate 4,000 Jobs In Germany: Report Germany was once the industrial engine of Europe, but years of disastrous climate change policies, high energy costs, and left-wing economic mismanagement have battered its manufacturing base. This pressure has been roiling the country's auto industry, where struggling carmakers are restructuring operations through workforce reductions, production cuts, and capacity reductions. Germany's top financial newspaper, Handelsblatt , reports that Porsche is preparing another round of deep job cuts at its main factories as the sports car maker grapples with weak demand. The company is considering eliminating as many as 4,000 additional jobs at

  • Saylor's Strategy Sells 3,588 Bitcoin To Cover Preferred Dividends 32 minutes ago by Tyler Durden

    Saylor's Strategy Sells 3,588 Bitcoin To Cover Preferred Dividends Authored by Micah Zimmerman via Bitcoin Magazine.com, Strategy sold 3,588 bitcoin for $216 million to fund dividends on its preferred securities, the company disclosed in a Form 8-K on July 6, 2026. The sale marks the largest bitcoin disposal in the company’s history and its most direct admission that its dividend obligations now shape its treasury. Chairman Michael Saylor posted about the transaction on social media. As of July 5, the company held 843,775 bitcoin in its reserves and $2.55 billion in cash. Saylor said the proceeds covered second-quarter dividends on

  • Futures Rise As Tech Rebounds In Post-Holiday Catch Up an hour ago by Tyler Durden

    Futures Rise As Tech Rebounds In Post-Holiday Catch Up US equity futures point to a firmer cash open as traders return from the long weekend, but the bigger question is whether investors continue to rotate out of the crowded AI trade and into the broader market. As of 8:00am ET, S&P futures rise 0.4%, while Nasdaq 100 contract rise 1.1% as most Mag 7 names are in the green. In premarket trading, chip/memory stocks rebound from last week's rout which follows the an 18% plunge in the GS High Beta Momentum (GSPRHIMO) basket over the last two sessions, on track

  • China CXMT Testing Production Line for Next-Gen Bonded DRAM, Closing Tech Gap With Korea "Far Faster Than Expected" an hour ago by Tyler Durden

    China CXMT Testing Production Line for Next-Gen Bonded DRAM, Closing Tech Gap With Korea "Far Faster Than Expected" According to Korea's Hankgyung , China’s largest memory company, CXMT, which is preparing to IPO in the coming weeks, is currently testing a pilot production line for bonded DRAM in Hefei (the heart of China's semiconductor industry), aiming to achieve high-performance DRAM without using advanced EUV lithography , which is currently monopolized by Dutch ASML and faces unprecedented export controls (although according to Reuters , China has already built a prototype EUV machine). Bonded DRAM is a technology in which the memory

  • Trump Shares Image Of $100 Bill Featuring His Signature 2 hours ago by Tyler Durden

    Trump Shares Image Of $100 Bill Featuring His Signature President Donald Trump posted a photo of a $100 bill bearing his signature on Truth Social on July 3, presenting the first paper currency to be signed by a living president. Trump didn’t add a comment to the post, but the Treasury Department chimed in. “Under President Trump’s leadership, we are on a path toward unprecedented economic growth, lasting dollar dominance, and fiscal strength and stability,” Treasury Secretary Scott Bessent posted on X on July 4. “There is no more powerful way to recognize the historic achievements of our great country


The Guardian

  • Archaeologists uncover ancient Byzantine city in Egypt’s western desert 2 days ago by Nadeem Badshah
    Egypt, Middle East and north Africa, Archaeology, Africa

    Well-preserved fourth-century quarters reveal details of daily life, urban development and economic activities Archaeologists in Egypt have uncovered a well-preserved Byzantine-era city in the western desert. The fourth-century quarters had residential and religious structures, including a basilica-style church in the Dakhla oasis. Archaeologists also found coins, pottery fragments and tools. Continue reading...

  • ‘The situation is terrible’: aid workers on life in Sudanese city pummelled by drone strikes 2 days ago by Carlos Mureithi in Nairobi
    Sudan, Africa, World news

    El Obeid becomes key battleground in war between Sudan’s armed forces and their paramilitary enemies, the RSF Fatima has lost count of the number of drone attacks on the besieged city of El Obeid in Sudan, but said the attacks this past weekend were the most violent so far. The drones hit schools and fuel stations, killing more than 20 people, including students, she said. “Over the past few months, seeing 40 or 45 drones is the norm. You can literally count them,” said the aid volunteer, whose name has been changed for fear of retribution. Continue reading...

  • Overseas education project for women and girls axed by UK after two years 2 days ago by Sarah Johnson
    Global development, Global education, Women's rights and gender equality, Education, Yvette Cooper, Politics, Foreign policy, Foreign, Commonwealth and Development Office, UK news, Universities, Higher education, South Sudan, Democratic Republic of the Congo, Child marriage, Africa, World news

    The programme, aimed at keeping 1m girls in school across Africa, Asia and the Middle East, withdrawn after aid cuts A leading higher education programme, aimed at keeping 1 million girls in school across Africa, Asia and the Middle East, has been axed by the British government just two years after it was announced. The scheme, Strengthening higher education for female empowerment (SHEFE), which was unveiled with some fanfare two years ago by the outgoing Conservative government, had a £45m budget to increase access to higher education for 1 million students worldwide. It has now had its tender withdrawn, the

  • ‘Give him any award, and he’ll come running’: Narendra Modi racks up honours on overseas trips 4 days ago by Hannah Ellis-Petersen in Delhi
    Narendra Modi, India, Seychelles, South and central Asia, World news, Israel, Africa, Middle East and north Africa

    Indian prime minister has a habit of collecting awards on his travels, some as their first and only recipient As Narendra Modi touched down in Seychelles over the weekend, the archipelago nation in the Indian Ocean swiftly bestowed one of its “highest” honours upon the Indian prime minister. Modi beamed as he accepted the Guardian of the Blue Horizon award from Patrick Herminie, the Seychelles president, complete with a trophy and certificate. Continue reading...

  • Côte d’Ivoire floods kill 59 as west Africa endures torrential rains 4 days ago by Eromo Egbejule in Abidjan
    Côte d’Ivoire, Flooding, Extreme weather, Climate crisis, Ghana, Nigeria, Africa, Environment

    Authorities say rainy season getting deadlier, with Ghana reporting 13 dead and floods hitting Benin, Togo and Nigeria Floods in Côte d’Ivoire have killed 59 people since May, the communication minister told a cabinet meeting in Abidjan. There are fears the toll could further rise as rescue teams continue to search for victims during the rainy season, which runs from May until July, the minister, Amadou Coulibaly, added. Continue reading...


South China Morning Post

  • Hamas dissolves Gaza governing body 14 minutes ago by Agence France-Presse

    Palestinian Islamist movement Hamas announced on Monday the dissolution of the body that has governed the Gaza Strip for nearly two decades, clearing the way for a technocratic committee to implement civilian rule. The move marks a significant political shift by Hamas, which has run Gaza since its fighters seized control from rival Palestinian movement Fatah in 2007 after winning legislative elections the previous year. Since a ceasefire took effect in Gaza last October between Hamas and Israel,...

  • EU should think twice before weaponising its market against China an hour ago by Li Xing,Rong Dan

    For much of the post-Cold-War era, the European Union understood economic interdependence as a source of mutual prosperity. Open markets, free trade and multilateral rules were regarded not merely as economic principles but as the foundations of European normative influence. That assumption is rapidly giving way to a different logic. In an era of intensifying geopolitical rivalry, Brussels increasingly views trade, investment and technology as the power instruments of strategic competition. The...

  • Crowds of mourners gather in Tehran for Khamenei funeral procession 7 hours ago by Agence France-Presse

    Vast crowds gathered for the funeral procession of Iran’s slain supreme leader Ali Khamenei in Tehran on Monday, with authorities estimating millions were on the streets in numbers that could rival those of his predecessor’s farewell nearly four decades ago. Authorities have yet to give an official turnout figure but huge numbers stretched along major boulevards in the Iranian capital. The ceremonies offer Iran an opportunity to project resilience after war with the United States and Israel,...

  • Venezuela quakes survivor shares ordeal after 8 days buried alive 8 hours ago by Agence France-Presse

    Hernan Gil was working his shift as a security guard in the basement of a building in Venezuela on the afternoon of June 24 when he felt the earth shake. The first tremor was short, Gil recounted in an interview from the hospital room where he was recovering after being rescued from the depths of a collapsed building. Gil became a symbol of hope for Venezuela after he survived eight days of being buried alive by the double earthquake that devastated the north of the Caribbean country, leaving...

  • Noted scientists leave US for China, America turns 250: 5 weekend reads you missed 9 hours ago by SCMP

    We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. Noted neurobiologist and ex-taekwondo captain Chih-Ying Su leaves US for China Celebrated neurobiologist Chih-Ying Su, who specialises in research on the sense of smell using fruit flies and mosquitoes, has left her position as faculty vice-chair at the University of California San Diego to join...


New York Times

  • Deadly Russian Strikes Rock Kyiv on Eve of NATO Summit 3 hours ago by Carlotta Gall, Stanislav Kozliuk and Cassandra Vinograd
    Russian Invasion of Ukraine (2022), North Atlantic Treaty Organization, Zelensky, Volodymyr, Kyiv (Ukraine), Russia, Ukraine, Missiles and Missile Defense Systems, Civilian Casualties, internal-open-access-from-nl

    Ballistic missiles were fired into the capital of Ukraine as Russia launched its second major attack in less than a week. At least 12 people were killed, officials said.

  • Ukraine Remade Air Defense, but Russia Has Changed Its Attacks 41 minutes ago by Siobhán O’Grady and Liubov Sholudko
    Russian Invasion of Ukraine (2022), US and Israeli Attack on Iran (2026), Defense and Military Forces, Military Aircraft, Missiles and Missile Defense Systems, United States Politics and Government, Trump, Donald J, Zelensky, Volodymyr, Russia, Ukraine

    Ukraine has changed how militaries use Patriot systems. But recent attacks prove that clever adaptations cannot overcome a shortage of interceptors.

  • Huge Crowds Gather for Ayatollah’s Funeral, and China Tests Long-Range Ballistic Missile 3 hours ago by Tracy Mumford, Will Jarvis, Margaret Kadifa, Jake Lucas, Ian Stewart and Abdi Latif Dahir
    Iran, China, International Federation of Association Football (FIFA), Missiles and Missile Defense Systems, Khamenei, Ali, internal-open-access-audio

    Plus, an unusual World Cup reversal.

  • In Trump’s Second Midterm, Democrats Are Looking for Fighters 4 hours ago by Tim Balk
    United States Politics and Government, Midterm Elections (2026), Democratic Party, House of Representatives, Republican Party, Senate, Democratic Socialists of America, Progressivism (Theory and Philosophy)

    Attitudes in the party have shifted, Democrats say, with a growing appetite for outsider candidates vowing to overhaul the system. Some worry that the trend could be costly in November.

  • Mallory McMorrow Suspends Senate Bid in Democrats’ Heated Michigan Primary 14 hours ago by Reid J. Epstein
    McMorrow, Mallory, Michigan, Elections, Senate, Primaries and Caucuses, Democratic Party, Stevens, Haley, El-Sayed, Abdul, Midterm Elections (2026), United States Politics and Government

    The state senator sought to carve a middle path between a left-wing candidate and one backed by the party establishment, but she gained little traction.


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