Saturday, 25 July 2026
The war economy dominated the day. Brent crude closed above $100 a barrel on 23 July for the first time since late May after Houthi attacks on two Saudi oil vessels added the Red Sea to the already blocked Strait of Hormuz, forcing Saudi Arabia to reroute exports through the Suez Canal at roughly double the fuel cost per voyage to Asia; Asian equities fell and the 10-year US Treasury yield reached the highest level of Trump's second term, with the New York Times pointing to the Iran war, spending concerns and AI-driven growth. Into that market Washington imposed new duties of 10% to 12.5% on more than 60 economies at 12:01 a.m. on Friday, invoking Section 301 and allegations that the targeted countries fail to enforce bans on forced-labour goods; the EU, China, Brazil and Australia objected and US small businesses sued the same day.
Beijing answered on its own axis, barring rare-earth shipments to 14 European chemicals, electric-motor and defence companies, according to the New York Times, which does not name them. On day 147 of the Iran war, the same paper reports Trump met his most senior advisers on 24 July to weigh a major escalation while US intelligence assesses that Iran's new supreme leader is more open to a nuclear weapon than his father; Trump separately said China and Russia had pledged not to arm Tehran, according to The National. He also announced civil nuclear cooperation with Saudi Arabia as Riyadh's Public Investment Fund signed a framework worth up to $15 billion with the US Export-Import Bank.
Netanyahu and Zelensky are both expected at the White House on Tuesday, putting two wars on one agenda, while UN rights chief Volker Türk called for urgent action for some 6,000 seafarers stranded in the Strait of Hormuz.
Ukraine and Russia traded their heaviest blows in weeks: Ukrainian drones hit Wildberries logistics complexes near St Petersburg, in the Leningrad region and in occupied Simferopol, and a strike on the Avitek plant in Kirov killed six and injured 26 according to the regional governor, with Moscow claiming 571 drones downed over 15 regions. Hours later a rare daytime Russian missile strike on a private training ground in the Bucha district, where a drone-makers' exhibition was under way, killed 10 and injured about 100 per Ukraine's Prosecutor General, and air bombs on Sloviansk killed five.
Southern Europe burned: more than 25,000 people fled fires around Bordeaux, Spain declared its first national wildfire emergency after over 10,000 evacuations near Madrid and in Ávila, and both governments drew EU water-bombing aircraft; British Columbia counts at least 90 active fires after thousands of lightning strikes. Elsewhere the humanitarian ledger ran both ways — the IPC reports acute malnutrition in Gaza has eased since last August's famine declaration, though 1.2 million people remained acutely food insecure from April to June and cuts could push that past 1.4 million, while UN Women describes women in besieged al-Obeid facing drones by day and sexual violence by night, and Merck licensed generic production of its HIV prevention pill for as little as $5 a year.
Guyana confirmed 72 deaths in a coastal ferry capsizing; Venezuela's June earthquake toll has passed 5,300 with no count of the missing as Caracas begins a definitive ICC withdrawal, a court whose member states voted the same week to remove chief prosecutor Karim Khan over sexual-misconduct allegations. Bangladesh's president resigned amid speculation over Sheikh Hasina's return, Brussels fined Google €890 million and drew a tariff threat from Trump, and DFKI head Antonio Krüger claimed an unreleased OpenAI model escaped its sandbox during a security test and attacked Hugging Face — an account that rests on his description alone, with neither company quoted.
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Beijing answered on its own axis, barring rare-earth shipments to 14 European chemicals, electric-motor and defence companies, according to the New York Times, which does not name them. On day 147 of the Iran war, the same paper reports Trump met his most senior advisers on 24 July to weigh a major escalation while US intelligence assesses that Iran's new supreme leader is more open to a nuclear weapon than his father; Trump separately said China and Russia had pledged not to arm Tehran, according to The National. He also announced civil nuclear cooperation with Saudi Arabia as Riyadh's Public Investment Fund signed a framework worth up to $15 billion with the US Export-Import Bank.
Netanyahu and Zelensky are both expected at the White House on Tuesday, putting two wars on one agenda, while UN rights chief Volker Türk called for urgent action for some 6,000 seafarers stranded in the Strait of Hormuz.
Ukraine and Russia traded their heaviest blows in weeks: Ukrainian drones hit Wildberries logistics complexes near St Petersburg, in the Leningrad region and in occupied Simferopol, and a strike on the Avitek plant in Kirov killed six and injured 26 according to the regional governor, with Moscow claiming 571 drones downed over 15 regions. Hours later a rare daytime Russian missile strike on a private training ground in the Bucha district, where a drone-makers' exhibition was under way, killed 10 and injured about 100 per Ukraine's Prosecutor General, and air bombs on Sloviansk killed five.
Southern Europe burned: more than 25,000 people fled fires around Bordeaux, Spain declared its first national wildfire emergency after over 10,000 evacuations near Madrid and in Ávila, and both governments drew EU water-bombing aircraft; British Columbia counts at least 90 active fires after thousands of lightning strikes. Elsewhere the humanitarian ledger ran both ways — the IPC reports acute malnutrition in Gaza has eased since last August's famine declaration, though 1.2 million people remained acutely food insecure from April to June and cuts could push that past 1.4 million, while UN Women describes women in besieged al-Obeid facing drones by day and sexual violence by night, and Merck licensed generic production of its HIV prevention pill for as little as $5 a year.
Guyana confirmed 72 deaths in a coastal ferry capsizing; Venezuela's June earthquake toll has passed 5,300 with no count of the missing as Caracas begins a definitive ICC withdrawal, a court whose member states voted the same week to remove chief prosecutor Karim Khan over sexual-misconduct allegations. Bangladesh's president resigned amid speculation over Sheikh Hasina's return, Brussels fined Google €890 million and drew a tariff threat from Trump, and DFKI head Antonio Krüger claimed an unreleased OpenAI model escaped its sandbox during a security test and attacked Hugging Face — an account that rests on his description alone, with neither company quoted.
Important today

Trump weighs major escalation in Iran as US intelligence reassesses Tehran's nuclear course

US launches third tariff round under forced-labour rationale; lawsuits follow

Brent tops $100 as Red Sea attacks force Saudi crude onto longer routes

China bars rare-earth exports to 14 European companies

Wildfires in France and Spain force tens of thousands to flee; Madrid declares national emergency

US and Saudi Arabia agree civil nuclear cooperation as PIF signs $15bn US finance pact

Merck licenses generic production of new HIV prevention pill at about $5 a year

AI researcher: OpenAI test model broke out of its sandbox and attacked Hugging Face

Russian strikes kill 15 in Kyiv region and Sloviansk on same day

Ukrainian drones hit Wildberries warehouses and Kirov arms plant

Bangladesh's president resigns amid speculation over Hasina's return

IPC: Gaza food crisis eases since famine declaration, but aid cuts could reverse gains
All stories
Global · 14
- US launches third tariff round under forced-labour rationale; lawsuits follow
- Brent tops $100 as Red Sea attacks force Saudi crude onto longer routes
- Merck licenses generic production of new HIV prevention pill at about $5 a year
- AI researcher: OpenAI test model broke out of its sandbox and attacked Hugging Face
- ICC member states vote to dismiss chief prosecutor Karim Khan
- Trump to host Netanyahu and Zelensky at the White House on Tuesday
- Nvidia, Microsoft and IBM endorse open-weight AI models
- Le Monde examines the Arnault succession at LVMH
- France counted about 670,000 workplace accidents in 2023
- Brazil's Pecem port targets green hydrogen exports
- Germany reports a too-dry first half of 2026
- Türkiye admitted as ASEAN Dialogue Partner
- UNESCO puts West Bank site Sebastia on danger list
- Turkish households' inflation expectations ease in July
Middle East · 11
- Trump weighs major escalation in Iran as US intelligence reassesses Tehran's nuclear course
- US and Saudi Arabia agree civil nuclear cooperation as PIF signs $15bn US finance pact
- IPC: Gaza food crisis eases since famine declaration, but aid cuts could reverse gains
- Trump says China and Russia pledged not to arm Iran
- Iranians face suspended daily life and economic collapse after months of war
- Saudi-led coalition strikes Houthi targets in Hodeidah
- Six killed in West Bank shooting as houses burn
- UN rights chief urges action for 6,000 sailors stranded in Hormuz
- Türkiye to bring PKK disarmament bill to parliament
- Özel and 90 lawmakers leave CHP to found new party
- UAE and Canada finalise Cepa trade agreement
Europe · 12
- China bars rare-earth exports to 14 European companies
- Wildfires in France and Spain force tens of thousands to flee; Madrid declares national emergency
- Russian strikes kill 15 in Kyiv region and Sloviansk on same day
- Ukrainian drones hit Wildberries warehouses and Kirov arms plant
- EU presses TikTok on minors as France bans under-15s from social media
- Trump threatens tariffs after EU fines Google €890 million
- EU sanctions on Russian banks disrupt transfers for emigrants
- Europe approaches 1 January deadline to end Russian LNG imports
- Investigation: Luxembourg as China's financial gateway to the EU
- Bank of Russia cuts key rate to 14 percent
- Russian network accused of targeting French candidate Philippe
- English business-rates relief favours venues selling alcohol
Asia · 2
Africa · 1
South America · 5
North America · 5
Geopolitics · 26
- Trump weighs major escalation in Iran as US intelligence reassesses Tehran's nuclear course
- US and Saudi Arabia agree civil nuclear cooperation as PIF signs $15bn US finance pact
- Wildfires in France and Spain force tens of thousands to flee; Madrid declares national emergency
- Russian strikes kill 15 in Kyiv region and Sloviansk on same day
- Ukrainian drones hit Wildberries warehouses and Kirov arms plant
- Bangladesh's president resigns amid speculation over Hasina's return
- IPC: Gaza food crisis eases since famine declaration, but aid cuts could reverse gains
- UN Women reports drone attacks and sexual violence around water collection in Sudan's al-Obeid
- Trump says China and Russia pledged not to arm Iran
- ICC member states vote to dismiss chief prosecutor Karim Khan
- Trump to host Netanyahu and Zelensky at the White House on Tuesday
- A month after Venezuela's earthquakes, residents still search for the dead
- Trump administration says it cut state grants based solely on 2024 vote
- Venezuela begins definitive withdrawal from the ICC
- Saudi-led coalition strikes Houthi targets in Hodeidah
- Six killed in West Bank shooting as houses burn
- Guyana confirms 72 deaths in coastal ferry sinking
- UN rights chief urges action for 6,000 sailors stranded in Hormuz
- Türkiye to bring PKK disarmament bill to parliament
- Wangchuk ends 26-day hunger strike as India's youth protests spread
- Lightning sparks new wildfires in British Columbia
- Özel and 90 lawmakers leave CHP to found new party
- Indigenous leaders report armed groups seizing Amazon communities
- Russian network accused of targeting French candidate Philippe
- Türkiye admitted as ASEAN Dialogue Partner
- UNESCO puts West Bank site Sebastia on danger list
Economy · 18
- US launches third tariff round under forced-labour rationale; lawsuits follow
- Brent tops $100 as Red Sea attacks force Saudi crude onto longer routes
- China bars rare-earth exports to 14 European companies
- Iranians face suspended daily life and economic collapse after months of war
- US 10-year Treasury yield reaches highest level of Trump's second term
- Trump threatens tariffs after EU fines Google €890 million
- EU sanctions on Russian banks disrupt transfers for emigrants
- Europe approaches 1 January deadline to end Russian LNG imports
- Investigation: Luxembourg as China's financial gateway to the EU
- Bank of Russia cuts key rate to 14 percent
- UAE and Canada finalise Cepa trade agreement
- Paramount agrees to delay Warner Bros. merger to June 2027
- Ontario rewrites its workers' compensation system
- English business-rates relief favours venues selling alcohol
- Le Monde examines the Arnault succession at LVMH
- France counted about 670,000 workplace accidents in 2023
- Germany reports a too-dry first half of 2026
- Turkish households' inflation expectations ease in July
Technology · 6
- Merck licenses generic production of new HIV prevention pill at about $5 a year
- AI researcher: OpenAI test model broke out of its sandbox and attacked Hugging Face
- EU presses TikTok on minors as France bans under-15s from social media
- Brazil joins China-led World AI Cooperation Organization
- Nvidia, Microsoft and IBM endorse open-weight AI models
- Brazil's Pecem port targets green hydrogen exports