US-Iran war escalates further: second wave of strikes, naval blockade, and threat of "existential war"Amid the fighting: Iran releases US citizen held since 2024Russian missiles hit Kyiv, fires in the capitalZelensky dismisses Defense Minister Fedorov in the midst of warEpstein files: Vance concedes the government "completely botched" their releaseWildfires in Canada: Toronto briefly has the world's worst airFrance passes assisted-dying lawCuba: third nationwide power outage within a weekSouth Korea's central bank raises rates for the first time in three and a half yearsTrump announces new tariffs on BrazilOil and gas prices rise on the Middle East escalationChina's EV offensive pressures Western manufacturersNvidia advances AI robots in Japan, Hyundai takes full control of Boston DynamicsChina clears Apple Intelligence, with Alibaba and Baidu as partnersTSMC heads for record profit thanks to AI boomEU accepts improvements from Musk's platform XUS-Iran war escalates further: second wave of strikes, naval blockade, and threat of "existential war"Amid the fighting: Iran releases US citizen held since 2024Russian missiles hit Kyiv, fires in the capitalZelensky dismisses Defense Minister Fedorov in the midst of warEpstein files: Vance concedes the government "completely botched" their releaseWildfires in Canada: Toronto briefly has the world's worst airFrance passes assisted-dying lawCuba: third nationwide power outage within a weekSouth Korea's central bank raises rates for the first time in three and a half yearsTrump announces new tariffs on BrazilOil and gas prices rise on the Middle East escalationChina's EV offensive pressures Western manufacturersNvidia advances AI robots in Japan, Hyundai takes full control of Boston DynamicsChina clears Apple Intelligence, with Alibaba and Baidu as partnersTSMC heads for record profit thanks to AI boomEU accepts improvements from Musk's platform X

16 editions

Archive

Thursday, 16 July 2026

The US-Iran war continues to dominate the situation today. Within a single day, the US military flew a second wave of strikes against Iranian coastal defenses and missile positions, reimposed the naval blockade of Iran's ports, and for the first time also hit the north of the country. Tehran spoke of an "existential war," threatened to halt further energy exports, and reported drone attacks on US bases in Jordan. Into the middle of the escalation came the release of a US citizen held since 2024, which President Trump praised, a slim sign of limited understanding. The ceasefire brokered by Washington the previous week has thus definitively collapsed. The war is radiating directly onto the world economy: oil prices rose for the fourth day in a row, and Asian gas prices reached their highest level since late March, driven by concern over shipping through the Strait of Hormuz. Elsewhere in geopolitics, Russia again shelled Kyiv with ballistic missiles, while President Zelensky caused bewilderment by dismissing the popular defense minister Fedorov. In the United States, Vice President Vance conceded that the government had "completely botched" the release of the Epstein files. In France, parliament passed an assisted-dying law, in Canada wildfire smoke darkened Toronto, and Cuba suffered its third nationwide power outage within a week. In the economy, the Bank of Korea sent a signal against inflation and record debt with its first interest rate hike in three and a half years, even as many central banks are leaning toward cuts. Trump announced new 25 percent tariffs on Brazil, replacing levies struck down by the Supreme Court, and China's electric-car offensive continues to pressure Western manufacturers, visible also in the fact that Germany's EV subsidy mainly benefits Tesla and Chinese brands. In technology, the AI boom is showing its strong side: TSMC is heading for a fifth record quarter in a row, Nvidia brought leading Japanese automation firms into its robotics initiative, and Hyundai took full control of Boston Dynamics. China cleared Apple Intelligence with partners Alibaba and Baidu, and the European Commission, after a multimillion-euro fine, accepted improvements from Elon Musk's platform X. AI and robotics thus appear as an engine of growth that at the same time raises new questions of market power and regulation.

16 events

Wednesday, 15 July 2026

The war between the United States and Iran continues to escalate: the U.S. military struck targets in Iran again and reinstated its naval blockade of Iranian ports with more than 20 warships, while the Revolutionary Guards shelled bases in Kuwait, Bahrain and Jordan. President Trump threatened to hit power plants and bridges next, yet a day after announcing it he scrapped the 20 percent toll on Hormuz transit he had unveiled the day before, saying he would replace it with trade deals with the Gulf states, a sign that Washington is looking for a way out of a conflict now in its fifth month. The wider geopolitical picture remains tense as well. Following the death of Senator Lindsey Graham, the U.S. Senate is advancing a tough sanctions bill against Russia that would let the president impose tariffs of up to 100 percent on buyers of Russian oil and gas. In Ukraine, Prime Minister Yulia Svyrydenko resigned amid a leadership reshuffle, while Russia fired on more merchant ships off Odesa. In the United States, several deaths during operations by the Immigration and Customs Enforcement agency (ICE) have triggered a diplomatic dispute with Mexico, which brought in the United Nations. Turkey marked the tenth anniversary of the failed coup attempt, Italian Prime Minister Meloni suffered a defeat on her electoral reform, and Kosovo declared a Serbian minister persona non grata, drawing sharp criticism from the EU. On the economic front, China's growth cooled in the second quarter to its weakest pace in more than three years, while the Hormuz crisis pushed oil and fuel prices still higher. The planned merger of Paramount and Warner Bros. Discovery is meeting resistance from twelve U.S. states, while record profits at Wall Street banks buoyed the markets and the new Fed chair Kevin Warsh promised a "regime change" against inflation. In the tech sector, Britain is planning an overnight social media curfew for minors, while the AI boom keeps lifting chip and memory stocks and at the same time drives up the electricity and water costs of data centers around the world.

16 events

Tuesday, 14 July 2026

July 14 is dominated by the escalation between the United States and Iran: for the third night running, American forces carried out strikes, and President Trump imposed a naval blockade along with a special levy on goods passing through the Strait of Hormuz. War fears are pushing oil prices up and rattling stock markets, while investors keep an eye on possible interest rate moves by the Fed. In Europe, Ukraine is back in focus: a coalition of the willing has pledged new weapons aid, France is licensing production of SCALP cruise missiles, and Russia is continuing its attacks on Kyiv. On the domestic front, Hungary is drawing attention as its parliament clears the way for the removal of the president. In the economy, the fallout from the Middle East crisis dominates, alongside Volkswagen's warning of up to 50,000 jobs at risk and an antitrust lawsuit against the Paramount-Warner merger. In technology, TSMC reports record revenue thanks to the AI boom, while more than 200 economists warn of the societal consequences of artificial intelligence, and the EU plans tighter social media rules for children.

14 events

Monday, 13 July 2026

The war between the United States and Iran has reached a new level: the US military flew its third consecutive night of strikes against Iranian targets, while the Revolutionary Guards responded with missiles against US bases in the region. President Trump openly threatened to destroy underground nuclear facilities and simultaneously imposed a naval blockade as well as a 20 percent levy on all cargo passing through the Strait of Hormuz, to be enforced from Tuesday. Washington and Tehran have thus effectively returned to open war. In parallel, the Coalition of the Willing showed unity for Ukraine at the Bastille Day parade in Paris, while Russia again struck Kyiv and other cities with missiles. In Hungary, parliament voted to remove Orban loyalist President Sulyok, and following the death of Senator Lindsey Graham his sister Darline Graham Nordone moved into the US Senate. Washington also launched a campaign against the International Criminal Court, while a second death during an ICE operation prompted Mexico to demand criminal proceedings in the United States. In Israel, the Knesset made it easier for the ultra-Orthodox to refuse military service, dividing society in the middle of the war, while in Berlin a coalition dispute over Israel's settlement policy flared up and Serbia's President Vucic advocated a group accession of the Western Balkans to the EU. Economically, the escalation drove the price of oil to a monthly high and weighed on stock markets, while China's foreign trade grew sharply by almost 17 percent in the first half of the year, carried by the AI boom. In the technology sector, SoftBank founder Masayoshi Son predicted an annual AI capital requirement of five trillion dollars by 2040, while TSMC is heading for another record quarter and, at the same time, a black market for banned AI chips bound for China is growing.

14 events

Sunday, 12 July 2026

The conflict in the Gulf continues to escalate: US Central Command reported a new, completed wave of strikes hitting dozens of targets in Iran, while Tehran responded with Revolutionary Guard attacks on US positions in several Gulf states. The Strait of Hormuz remained effectively blocked, and there is no sign of de-escalation. Geopolitics shaped the rest of the day as well. In Paris, the Coalition of the Willing discussed joint military exercises and a defense against Russian missiles, while President Zelensky announced a shake-up of Ukraine's leadership, including the removal of the prime minister. Two prominent international figures died: Republican US Senator Lindsey Graham, a longtime foreign-policy hawk and supporter of Israel, at the age of 71, and Qatar's former emir Sheikh Hamad bin Khalifa Al Thani, who shaped the Gulf emirate into a globally influential player from 1995 to 2013, at the age of 74. In Hungary, parliament passed a law to remove the head of state, a move in the power struggle surrounding opposition leader Peter Magyar. Economically, the Hormuz escalation hit markets hard: oil prices made their biggest jump since April after Trump demanded a 20 percent levy on cargo passing through the strait, while stocks and bonds fell and traders priced in a possible Fed rate hike. VW chief Oliver Blume, meanwhile, reaffirmed that there were smarter solutions than plant closures, without specifying them, leaving the works council and the union skeptical. In the technology sector, Asian chip stocks came under pressure despite record revenue from TSMC: SK Hynix shares fell sharply after an AI-driven sell-off in South Korea, as investors feared the AI boom was overheating.

8 events

Saturday, 11 July 2026

The Middle East conflict is escalating again: the United States has struck targets in Iran after Iranian forces fired on a container ship in the Strait of Hormuz, just hours after a meeting between the foreign ministers of Iran and Oman on reopening the waterway. The ceasefire between Washington and Tehran, fragile since early summer, has thus been broken once more, while a fifth of the world's oil trade flows through the strait. On other fronts, too, the geopolitical situation remains tense. Ukraine is expanding its war-fighting capacity: according to reports, a secret factory in Germany is producing AI drones for Kyiv with the involvement of the defense start-up Helsing, while Ukrainian forces reportedly attacked Russian oil tankers in the Sea of Azov to hit Moscow's supply lines. In Bosnia, thousands marked the 31st anniversary of the Srebrenica genocide, commemorating the victims with a mass burial, an event that remains politically contested on the Serbian side. In the United States, meanwhile, the Trump administration is intensifying pressure on the press: journalists at the New York Times have been served with subpoenas, which the paper regards as an attack on press freedom. On the economic front, the VW crisis is making headlines: group chief Oliver Blume promised alternatives to plant closures, but the works council remains distrustful and wants to summon him before the workforce. In the financial markets, attention is turning to the upcoming US inflation data and to Kevin Warsh, floated as a possible Fed chair, whose interplay is shaping expectations for the July interest-rate decision. In the technology sector, Apple sued rival OpenAI over the alleged theft of trade secrets, a sign of the intensifying race for AI supremacy. At the same time, a senior EU official announced fines against Big Tech companies for consumer protection violations, underscoring Brussels' tougher regulatory stance toward the large platforms.

8 events

Friday, 10 July 2026

The open rift between Apple and OpenAI dominates the day: in a lawsuit filed in California, Apple accuses OpenAI of stealing trade secrets relating to a planned AI hardware device as part of a coordinated pattern of misconduct, allegedly handed over to the Jony Ive-affiliated company by two former Apple employees. According to Apple, the device is set to compete directly with the iPhone; OpenAI rejects the allegations and points to the usual staff turnover in Silicon Valley. In parallel, the New York Times and other publishers are ratcheting up pressure on OpenAI in a separate copyright dispute. Geopolitically, Russia's fuel crisis is deepening: despite vast oil reserves, the country now has to import fuel because Ukrainian drone strikes are crippling key refineries, and consumer prices rose by nearly seven percent in June. In the Strait of Hormuz, attacks on three merchant ships pushed the oil price above its pre-war level, as the United States and Iran vie for control of the passage. The NATO summit in Ankara is read from the Turkish perspective as confirmation of the country's growing strategic weight, and among other things the US Congress approved the sale of F110 engines for Turkey's Kaan fighter jet. In Srebrenica, Bosnia and Herzegovina commemorates the 31st anniversary of the genocide, while Kremlin chief Putin rejects renewed calls for negotiations and, according to reports, is preparing a military escalation, even as Trump presses for talks. On the economic front, SK Hynix raised 26.5 billion dollars in its Nasdaq debut, with the stock jumping by up to 17 percent on its first trading day. At the same time, the crisis in the German auto industry is intensifying: VW chief Oliver Blume is under pressure after his cost-cutting program failed, while a study by the IW institute certifies that Germany is experiencing the longest investment weakness in its history, even as the DAX celebrates record highs. In the technology sector, the European Commission is demanding that Meta change the addictive design of Instagram and Facebook, arguing that endless scrolling contributes to compulsive use, especially among children. In addition, the EU is making a fresh attempt at chat control, which would allow tech companies to scan digital messages for depictions of abuse, a move that data protection advocates warn amounts to mass surveillance.

10 events

Thursday, 9 July 2026

The NATO summit in Ankara placed Turkey at the center of attention as rarely before. On the sidelines, President Erdogan held bilateral talks with several Balkan heads of state on defense cooperation, while Turkey's defense ministry welcomed Trump's hints that the CAATSA sanctions over the S-400 purchase could soon be lifted. Poland described Turkey as an important ally on the alliance's southeastern flank, an image shaped above all by state-aligned Turkish reporting. Elsewhere in geopolitics, a new round of strikes between the United States and Iran caused a sharp drop in ship traffic through the Strait of Hormuz, reviving market doubts about the fragile ceasefire. Ahead of the upcoming 30th anniversary of the Srebrenica genocide, Bosnia bid farewell in Sarajevo to ten newly identified victims. In Britain, Nigel Farage's risky by-election for his parliamentary seat drew attention, while the presumptive future prime minister announced plans to increase pressure on Israel. Australia and India also reached an agreement on uranium exports for India's civilian nuclear power. Economically, Volkswagen announced plans to drastically shrink its model lineup and further cut capacity, a response to what it called a historic crisis in the industry. Turkey reported progress on de-dollarization, with lira deposits at an eleven-year high, while the Bank of England did not rule out an interest rate hike still this year. The European Parliament also approved the launch of negotiations on a digital euro, a response to shifts in the global currency landscape. In technology, the AI boom continued to drive new models and multibillion-dollar deals. OpenAI unveiled GPT-5.6 Sol, its most powerful model to date, Meta announced investments of more than 9.1 billion dollars in a Canadian data center, and SK hynix raised 26.5 billion dollars in a U.S. listing. At the same time, the New York Times reported that state actors from China, Russia and Iran are trying to inflame the U.S. debate over the resource impact of AI data centers, while in New Zealand local opposition is stirring against a major project.

12 events

Wednesday, 8 July 2026

The NATO summit in Ankara ended with a joint final declaration and a show of unity, after disputes over burden-sharing and the alliance's stance toward Russia had loomed beforehand. Erdogan stressed Turkey's growing role in the alliance, Trump lavished praise on him as a great leader, and the United States appeared to hold out the prospect of Ankara's return to the F-35 program. Concretely, Turkey, Bulgaria and Romania expanded their joint Black Sea mine-clearing mission. Greek Prime Minister Mitsotakis, meanwhile, cautiously warned of an open threat, laying bare the persistent frictions on NATO's southeastern flank. Elsewhere in geopolitics, Trump declared the ceasefire with Iran over, while leaving the door open for further talks; the price of oil jumped by almost six percent in response. The United States also allowed Ukraine to produce guided missiles for the Patriot air defense system itself in the future, in order to reduce its dependence on Western supplies. On the 31st anniversary of the Srebrenica genocide, thousands set out on the traditional peace march to the memorial center in Potocari to commemorate the Bosniaks murdered in 1995. Economically, an unusual announcement by Trump caused a stir: he ordered a complete halt to all US trade with Spain, a drastic intervention in relations with an EU and NATO partner, the justification and legal basis for which initially remained unclear. The move hit financial markets during a phase already made jittery by the jump in oil prices. In the technology sector, Meta is again under fire: a new feature allows AI-generated images to be created from publicly available Instagram profile photos, drawing sharp protests from data protection advocates, while the company points to an opt-out option. OpenAI, meanwhile, announced that it would release its most powerful model, GPT-5.6, after extended clearance from the US government, while the UN reported in parallel an AI-driven record in global investment in intangible assets.

7 events

Tuesday, 7 July 2026

On the second day of the NATO summit in Ankara, the Turkish-American rapprochement moved to center stage. US President Trump met head of state Erdogan at the presidential palace and held out the prospect of lifting the CAATSA sanctions imposed in 2020 over Turkey's purchase of the Russian S-400, as well as clearing the way for F-35 fighter jets. Erdogan expressed confidence that long-standing points of contention could be settled, while Trump once again pressed allies to raise their defense spending. In parallel, NATO agreed to build a strategic airlift fleet of Airbus A400M aircraft and up to ten Saab GlobalEye planes for around 4.5 billion dollars. Elsewhere in geopolitics, a Paris appeals court upheld Marine Le Pen's conviction for embezzling EU funds, sentencing her to three years in prison, two of them suspended; she nonetheless announced her candidacy for the 2027 presidential election. On the sidelines of the NATO summit, Trump said he had spoken by phone with Putin and Zelensky and hoped for an early end to the war in Ukraine, though he offered no details. In Kosovo, the ombudsperson announced an investigation after several of the 37 Serbs detained during St. Vitus Day celebrations were allegedly mistreated by police. Economically, Ukrainian strikes on Russian refineries are leaving their mark on everyday life: amid gasoline shortages and rising prices, more and more Russian drivers are having their vehicles converted to run on liquefied petroleum gas. In Britain, house prices rose slightly in June for the first time since the start of the Iran war, pointing to a cautious stabilization after months of stagnation. In technology, Meta unveiled Muse Image, a new AI image generator for Instagram and WhatsApp that lets users create realistic images directly within the mass-market platforms as it races against OpenAI and Google. Two further reports underscored the growing role of German spaceflight: Isar Aerospace secured a launch complex on Canada's east coast, while a SpaceX Falcon 9 carried around 80 satellites into orbit, including nine Earth-observation satellites from Wurzburg.

8 events

Monday, 6 July 2026

The NATO summit in Ankara dominates the picture of the day. Erdogan is using the meeting to demonstrate Turkey's geostrategic indispensability while at the same time tightening his grip at home, whereas NATO Secretary General Mark Rutte, with strikingly submissive flattery toward US President Trump, is trying to keep the United States in the alliance and to secure the Europeans' defense commitments. Both readings converge on the assessment that the alliance's cohesion currently depends heavily on individual personalities and symbolism. Away from the summit, too, the geopolitical situation remains tense. China has carried out a rare missile test that brings the country closer to an operational nuclear triad of land-, sea- and air-based weapons, unsettling its Asian neighbors. In Iran, the mourning ceremony for the late Ayatollah Khamenei is becoming a stage for a struggle between rival camps over the succession and the future course of a regime weakened by the war with Israel. In Moldova, meanwhile, politicians suspect Russia of fueling the electoral blockade in pro-Russian Gagauzia through Kremlin-linked operatives, in order to weaken the pro-European government in Chisinau. Economically, the world is proving more resilient than expected: the global oil market has so far weathered the disappearance of more than a billion barrels since the start of the Iran war fairly well, though at the cost of heavily depleted reserves, which makes future price spikes more likely. The memory chip maker SK Hynix is raising around 28 billion dollars through a US share sale and is benefiting from the ongoing AI boom, while the shares of the British low-cost airline easyJet rose sharply at times after a takeover offer worth 7.3 billion dollars, even though investors remained cautious. In the technology industry, Microsoft announced a further round of job cuts of around 4,800 positions, with the Xbox gaming division particularly affected. The UN Secretary General, meanwhile, called for a global governance system for artificial intelligence and warned against letting humanity's future be clicked together thoughtlessly by the technology, an appeal that underscores the gap between the pace of AI development and state regulation.

9 events

Sunday, 5 July 2026

The OPEC+ states agreed on a further production increase for August, continuing their expansion course even though oil prices are already falling. This is possible because shipping traffic through the Strait of Hormuz is increasingly returning to normal following the war between Israel, the United States and Iran. For the producing countries, the combination of higher volumes and falling prices means lower revenue per barrel, while India, as a major importer, is expanding its domestic oil exploration in order to reduce its dependence on the Gulf. Geopolitically, The Economist paints a sobering picture of European rearmament: while most citizens support stronger armies, their willingness to bear higher spending for it remains low, and pledged defense funds are flowing only slowly. European Commission President von der Leyen and NATO Secretary General Rutte warned in a guest article that the defense industry must now produce faster and in greater quantities, further exposing the gap between political rhetoric and the actual state of the budget. Economically, the electronics contract manufacturer Foxconn reported a revenue jump of almost 40 percent thanks to demand for AI servers, but at the same time warned of geopolitical risks stemming from tensions between the United States and China as well as Taiwan's vulnerable position. Uber, meanwhile, paused its European expansion in order to keep capacity free for a possible merger with the Berlin-based delivery service Delivery Hero, a move that could reshape Europe's delivery landscape. In the technology field, The Economist examined signs that China could be on the way to its own capability to manufacture EUV lithography machines, the heart of chip production that has so far been shielded by Western export controls. Should Beijing clear this hurdle, it would considerably weaken the effect of America's technology containment, even though enormous obstacles still lie between a prototype and industrial mass production.

5 events

Saturday, 4 July 2026

In Tehran, the days-long official mourning ceremonies began for Ayatollah Ali Khamenei, who according to reports was killed in February on the first day of the war between the United States, Israel and Iran. Iranian authorities expected millions of participants, among them representatives of Hamas and Hezbollah. At the same time, Iran's ambassador to China announced that service fees would in future be levied on ships passing through the Strait of Hormuz, a move the United States promptly rejected, while President Trump declared that Washington would prevail in the conflict with Iran one way or another. At the front, the Ukrainian general staff reported that Russia's oil refining industry had fallen to roughly 42 percent of its capacity as a result of the sustained Ukrainian long-range strike campaign, after eight refineries were hit and more than 60 oil tanks damaged in June. According to Western analysts, neither Ukrainian nor Russian troops made any significant advances along the front, while Moscow repeated its territorial claims as part of its information campaign. On the economic front, the EU-US trade agreement entered into force, averting a looming tariff escalation: most EU goods will now face a tariff of 15 percent, cars fall from 27.5 to 15 percent, while steel remains at 50 percent. At the same time, the oil price dropped below 70 dollars per barrel, as shipping traffic through the Strait of Hormuz recovered following the memorandum concluded between the United States and Iran in June, and the war premium melted away. In the technology sector, the United States eased chip export restrictions for the United Arab Emirates, while China's own chip exports in the first half of the year nearly doubled to around 177 billion dollars, evidence of how strongly access to AI semiconductors is now being used as a geopolitical lever.

5 events

Friday, 3 July 2026

Following the death of Ali Khamenei, the leadership in Tehran is banking on a large state funeral intended to demonstrate the regime's continued capacity to act and its internal cohesion. The timing is delicate, for the recent war with Israel and the United States has weakened the Islamic Republic militarily and politically and sharpened the question of succession at the top. While voices close to the regime present the mourning ceremony as proof of mass loyalty, critical observers such as The Economist read the choreography as a facade over deeper upheavals within the system. In the Western Balkans, the judicial reckoning with the war crimes of the 1990s continues: a court in Kosovo, in a retrial, upheld the twelve-year prison sentence against the Bosniak Ekrem Bajrovic for crimes against ethnic Albanian civilians. In Moldova, Prime Minister Alexandru Munteanu unexpectedly announced his resignation after a series of corruption scandals, plunging the small country, balanced between ties to the West and Russian influence, into a delicate phase of political uncertainty. Economically, the Turkish government announced that it will gradually phase out the automatic tax offset on fuels introduced during the Iran war by October 2026, pointing to rising prices at the pump and additional inflationary pressure. In the technology sector, Türk Telekom and the state-linked defense company Aselsan presented a roadmap for a domestically produced smartphone, a push for technological self-reliance that nonetheless faces considerable pressure amid the global memory chip crisis.

5 events

Thursday, 2 July 2026

The European Court of Justice has definitively upheld the record fine imposed on Google by the European Commission in a long-running antitrust case. At its heart is the accusation that the company abused its market power by bundling its own services, a ruling that underscores the enforceability of European competition law against US platforms. Geopolitically, the situation remains tense. Iran demanded that tankers in the Strait of Hormuz henceforth use only routes approved by Tehran, and threatened a firm response otherwise, a declaration with a direct impact on energy markets. Outside the Albanian parliament, violent clashes broke out, with arrests and injured police officers, as protests against corruption and the concentration of power continue across the Western Balkans. The Kosovo Specialist Chambers in The Hague again postponed the verdict in the case against former President Hashim Thaci, prompting frustration in Kosovo over the delay. In addition, a series of unexplained drone overflights across Europe is occupying security agencies, which suspect Russian actors without having solid evidence. Economically, Tesla reported a new sales record, an indication that the public backlash against Elon Musk is losing steam. Turkey struck two notable notes: the GITEX trade fair is meant to give a boost to the domestic AI startup scene, while Türk Eximbank secured a syndicated loan of 830 million dollars, demonstrating access to foreign financing despite a strained economic situation. In the technology sector, according to a report by the Financial Times, OpenAI is considering handing the US government a stake of around five percent in the company, a step that would make Washington a co-owner of one of the most influential AI firms and further deepen the entanglement of the state and Silicon Valley.

8 events

Wednesday, 1 July 2026

According to a report by The Economist, a small aircraft crashed into the tallest building in Beijing. Rather than an official investigation, what followed was a deliberate control of the news, a pattern that characterizes Chinese information policy around sensitive incidents in the capital. In the Balkans, political tensions are mounting. In Serbia, opposition leader Zdravko Ponoš was questioned by police after he accused the authorities of deploying a sound cannon against demonstrators, an episode the opposition regards as intimidation. In Greece, the anti-terrorism unit is investigating explosive attacks on the homes of government politicians in Thessaloniki, which left five people injured. Elsewhere in the Western Balkans, meanwhile, it is becoming clear how slowly reforms are progressing: North Macedonia's Prime Minister Mickoski carried out only a cosmetic cabinet reshuffle, while Montenegro has so far failed to honor a promise to the West to remove Chinese telecom equipment from its networks. Economically, Turkey is moving deeper into international financial flows. Foreign Minister Fidan reaffirmed the country's interest in linking up with the EU payment system, while the Kazakh financial services firm Freedom Holding received the green light to acquire a Turkish bank. At the same time, the conglomerate IC Holding, together with the US company ARC, announced the construction of up to twenty small modular nuclear reactors in Turkey and neighboring countries. In the technology sector, a Swedish court ordered Google to pay around 1.5 billion dollars to Klarna's subsidiary PriceRunner for abusing its market power in product search. In parallel, the global AI race underscored its momentum: Japan announced its own AI model and the widespread use of robots by 2040, while Anthropic, following eased US export restrictions, plans to restore worldwide access to its most powerful models.

8 events