US existing home sales unexpectedly fall in June as house prices hit record high
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· Reuters
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Newest first · UTC+11:00Foreign nationals face deportation for illegal business activities in Philippines
TWO foreign nationals are facing deportation after the Bureau of Immigration (BI) arrested them on Thursday, July 9, for allegedly running a Siargao resort while on tourist visas.
· William B. Depasupil
Airbnb buys first NYC office despite years of battle with local pols who cracked down on platform
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· Ariel Zilber
Europe’s conservatives revive zombie bill on child abuse scanning
STRASBOURG — A high-stakes face-off in Strasbourg on Thursday edges the European Union one step closer to resurrecting a once-dead child sexual abuse law.
· Sam Clark
All3Media and Banijay complete merger to create global production powerhouse | The National
Two global media companies have completed a merger to create one of the world's largest independent production houses - with Abu Dhabi a key player in the deal.
· The National
Paramount not to close WB deal before July 22
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· Reuters
Levi Strauss raises annual sales forecast
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· Reuters
China to allow AI firms to buy Nvidia chips
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· Reuters
China's Xiaomi unveils SUV series dubbed Sky Nomad
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· Reuters
Airbus deliveries rise 15% to 351 in first half
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· Reuters
Volkswagen stakeholders meet to decide future of creaking auto giant
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· Reuters
SK Hynix US listing more than seven times oversubscribed
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· Reuters
Trump can halt trade with Spain using law behind scrapped tariffs: Greer
Americans may not need to start panic-buying Ibérico ham — yet.
· Kevin Breuninger
Micron shares rise 7% after announcing billions more in U.S. chipmaking investments
Micron shares rose 7% on Thursday as the company announced a new round of investments aimed at boosting the U.S. semiconductor supply chain, and plans to accelerate its spending in the country through 2035.
· CJ Haddad
Mitsubishi Motors to make humanoid robots for its own auto factories
Mitsubishi Motors and Japanese startup Highlanders display a jointly developed humanoid robot at an event in Tokyo on July 9. (Photo by Yuki Nakao)
· Staff Writer
AI Price War Breaks Out: Meta Unveils Paid AI Model For First Time, Will Be "Among Most Affordable Options"
Shortly after a leaked Meta memo revealed the company was planning on putting an AI chip into production in September as it looks to double computing capacity to 14Gigawatts, the company also unveiled a version of its most advanced artificial intelligence model, Muse Spark 1.1, that includes a new paid tier for deve…
· Tyler Durden
Former top BHP economist urges tougher government policies to push miners to decarbonise
Exclusive: ‘The preferred policy is, of course, a carbon price,’ Dr Huw McKay says, amid slowdown in BHP action on emissions
· Christopher Knaus, Adam Morton
The fight against AI data centers is important – but it’s just a starting point | Bruce Schneier and Nathan E Sanders
AI companies want to capture the value created by entire industries. That concentration of wealth and power is society’s greatest risk
· Bruceschneier, Nathan E Sanders
South Africa freezes funding for Johannesburg, dozens of municipalities
South Africa's National Treasury said Tuesday it would withhold funding from more than a quarter of the country's municipalities, including economic hub Johannesburg, citing financial mismanagement.
· AfricaNews
(LEAD) Lee, Mongolian president pledge closer cooperation on critical minerals, trade, advanced tech
(ATTN: UPDATES with more info in paras 11-12) By Park Boram
· Park Boram
Kenya growth forecast lowered to 4.3%
Kenya's economic growth is expected to slow this year, with the World Bank cutting its forecast to 4.3 percent, citing the global fallout from the US-Israeli war with Iran.
· AfricaNews
Britain risks new rift with Washington over deforestation regulations
LONDON — U.K. plans to tackle illegal deforestation risk stoking U.S. trade tensions, with Washington expressing “strong concerns” about Britain adopting elements of the EU regime.
· Sophie Inge
OpenAI's newest AI model is 54% more token efficient on agentic coding, Altman tells CNBC
OpenAI CEO Sam Altman told CNBC on Thursday that GPT-5.6 Sol, the company's latest artificial intelligence model, is 54% more token efficient on agentic coding tasks, and that it's "as good or better" than competing models on the market.
· Ashley Capoot
Costco faces class-action lawsuit alleging protein powder was laced with toxic heavy metals
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· Taylor Herzlich
Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin
Goldman Sachs said Thursday it won deals to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin, one of the larger recent announcements in the fast-growing market for outsourced corporate investing.
· Hugh Son
US Existing Home Sales Unexpectedly Dropped In June, Just Off Record Lows
After an ugly Spring selling season, existing home sales have rebounded in Q2 (so far) with expectations for another 1.0% MoM increase in June.
· Tyler Durden
Meta jumps into AI coding market in effort to chase Anthropic and OpenAI
Three months after unveiling its first artificial intelligence model under the leadership of AI chief Alexandr Wang, Meta is rolling out a major update as it attempts to compete with OpenAI and Anthropic in critical areas of the market.
· Jonathan Vanian
Chinese firms look to strike gold in a volatile global metals market
Futures brokerages and exchanges aim to grow their market footprint and offer more efficient hedging tools in the global commodity market
· Emma Ma
Chinese firms look to strike gold in a volatile global metals market
Futures brokerages and exchanges aim to grow their market footprint and offer more efficient hedging tools in the global commodity market
· Emma Ma
Porsche Sales Tumble To Weakest In Six Years As Chinese Demand Plummets
Days after Germany's top financial newspaper, Handelsblatt, reported that Porsche AG is planning more than 4,000 job cuts, the sports-car maker on Thursday revealed first-half sales figures that were the weakest in six years, with its China business falling off a cliff.
· Tyler Durden
PepsiCo says North American customers pulled back amid economic concerns
NEW YORK — PepsiCo reported stronger than expected revenue in the second quarter despite weaker demand in North America, where it said consumers tightened their budgets due to economic concerns.
· Associated Press
Israel doesn't need unconditional US support to be confident in its own strength - analysis
This week I found myself in Petah Tikva. Looking for a place to have lunch, I searched through a list of sushi restaurants in the area. Some of the country’s best sushi can be found in Tel Aviv and Herzliya. I settled on a place in nearby Ramat HaHayel. As I drove there, I was struck by the amount of new constructio…
· SETH J. FRANTZMAN
Pak Shek Kok station on East Rail line scheduled to open as early as 2033
Development Bureau says MTR Corp will be allowed to build private flats at new station, as opposed to previous plan for at least some public housing
· Vivian Au
Pak Shek Kok station on East Rail line scheduled to open as early as 2033
Development Bureau says MTR Corp will be allowed to build private flats at new station, as opposed to previous plan for at least some public housing
· Vivian Au
How Europe’s rush for Chinese air conditioners exposes the gap in Brussels’ trade policy
As a record heatwave drives Europeans to snap up imported cooling units, Brussels’ rhetoric clashes with consumer reality
· Fan Chen
How Europe’s rush for Chinese air conditioners exposes the gap in Brussels’ trade policy
As a record heatwave drives Europeans to snap up imported cooling units, Brussels’ rhetoric clashes with consumer reality
· Fan Chen
Indonesia launches B50 biodiesel to curb fuel imports
Indonesian President Prabowo Subianto officiates at the launch of the B50 biodiesel mandate in West Java on Thursday. All diesel sold in Indonesia is now required to contain 50% palm oil. © Reuters
· Staff Writer
Morocco's unfinished business with France
France knocked Morocco out of the World Cup four years ago
· Bbcsport
Apple supplier Luxshare drops in Hong Kong debut
HONG KONG — Shares in Chinese electronics manufacturer Luxshare dropped by 1.6 percent in its Hong Kong debut on Thursday, after raising around $3.1 billion to become the finance hub's largest listing this year.
· Agence France-Presse
'Slow Hire, No Fire' Economy Continues As Jobless Claims Remain Near Record Lows
The number of Americans filing for unemployment benefits for the first time fell to to 215k last week (versus 217k exp), remaining near multi-decade lows...
· Tyler Durden
China aims to revive physical stores, make them ‘immersive’, as shield against e-commerce
Beijing’s new 2030 retail road map targets price parity and social experiences to combat ‘trading down’ as retail growth hits weakest pace since pandemic
· Emma Ma
China aims to revive physical stores, make them ‘immersive’, as shield against e-commerce
Beijing’s new 2030 retail road map targets price parity and social experiences to combat ‘trading down’ as retail growth hits weakest pace since pandemic
· Emma Ma
California’s $20 wage disaster pushes over a dozen Fresno fast-food hotspots to vaporize
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· Daniel Farr
Lee highlights 'limitless potential' for cooperation with Mongolia, calls for critical minerals partnership
ULAANBAATAR, July 9 (Yonhap) -- President Lee Jae Myung called for joint efforts to expand economic cooperation with Mongolia, including in critical minerals, saying the two countries have "limitless potential" for cooperation.
· Park Boram
Futures Rise, Oil Drops As Markets Ignore Latest Middle East Airstrikes
Futures are higher (although off session highs), and oil erased overnight gains as the market moved past the latest Middle-East flare up which saw the US military strike 90 Iranian targets for a second day and Tehran retaliated against American allies in the Persian Gulf. And like during previous escalations, this t…
· Tyler Durden
IMF expects world economy to grow a sluggish 3% this year
WASHINGTON, D.C. — The International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war. But the fallout from the conflict is being partially offset by booming investment in artificial intelligence and other technologies.
· Agence France-Presse
S. Korea, Mongolia reach agreement in principle on CEPA
SEOUL, July 9 (Yonhap) -- South Korea and Mongolia on Thursday reached an agreement in principle on a Comprehensive Economic Partnership Agreement (CEPA), laying the foundation for broader economic cooperation, including expanded trade and investment, Seoul's industry ministry said.
· Kim Boram
IEA chief Fatih Birol on the Strait of Hormuz, Gulf supply trust and the future of oil | The National
The International Energy Agency was founded in 1974, in the wake of the Arab oil embargo, with a clear mandate: co-ordinate emergency stock releases in a crisis. In 2026, that mandate has been tested like never before.
· Manus Cranny
EU considers tariffs on imports from illegal Israeli settlements
BRUSSELS — The European Commission is proposing tough measures to reduce imports from illegal Israeli settlements in the West Bank, as part of options presented to national capitals this week.
· Nicholas Vinocur, Gabriel Gavin
Can OPEC-style alliance help Ghana, Ivory Coast beat cocoa slump? [Business Africa]
Cocoa: Ghana, Ivory Coast seek OPEC-style alliance
· AfricaNews