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1d07/09⚠ war-conflict · 3/5

NATO Projects Unity as Leaders Rally Behind Ukraine

It is fair to say that the final day of the NATO summit in Ankara on July 8 got off to a tense start. Overnight, the United States had resumed strikes on Iran after an uneasy cease-fire. The entire conflict had shaken the military alliance, with US President Donald Trump slamming European allies for not helping out and questioning their “loyalty.” In his joint press appearance with the NATO Secretary-General Mark Rutte on July 8, he again ripped into European nations for delaying or preventing U

◇ unclassifiedmiddle-east · russia · usa
1d07/09

Irish man gets 14 years’ jail for killing US tourist in Hungary

A court in Hungary on Thursday sentenced an Irish citizen to 14 years in prison for strangling an American tourist to death in the country’s capital in 2024. The victim, 31-year-old Mackenzie Michalski from Portland, Oregon, was in Hungary on holiday and reported missing on November 5, 2024, after she was last seen at a nightclub in central Budapest. Police launched a missing person investigation and reviewed security footage from local nightclubs where they observed Michalski, who went by...

◇ unclassifiedchina · asia · usa
1d07/09⚠ war-conflict · 3/5

US-China AI war boils down to a contest over electricity

The proliferation of artificial intelligence models and the increasing parity in their performance suggest they are becoming a commodity. Soon, AI services will be priced by cost rather than the uniqueness of their model. With electricity the main cost of the services, the AI war between China and the United States is turning into a straightforward contest over electricity output and price. Open-source AI models are sprouting up like bamboo shoots in China. The American AI community has argued..

◇ unclassifiedchina · asia · usa
1d07/09⚠ shipping-routes · 2/5

went 30% cash on tuesday when iran escalated,now i am questioning every decision I made.

I made what felt like a sensible call tuesday evening, moved 30% of my portfolio to cash when I saw US iran strikes breaking and felt validated on wed when the fow dropped 576 points and oil spiked 5%. Well today futures are mixed,the selloff seems to be stabilizing and energy and defense rotation is continuing but the broader panic appears to be cooling and alsoo pepsico is reporting Q2 earnings before the open this morning ( a stock I trimmed tues thats down 16% from highs) The exit was clean

Social◇ unclassifiedusa · europe · iran
1d07/09⚠ war-conflict · 3/5

Why AI race with US is a ‘knockout game’ China cannot afford to lose

China must fundamentally overhaul its innovation ecosystem or risk losing its technological sovereignty and national security in an existential AI “knockout game” with the US, an academic based in Chinese tech hub Shenzhen has warned. Huang Ping, assistant dean of the Chinese University of Hong Kong (Shenzhen)’s school of public policy, said the country must strongly back open-source artificial intelligence (AI) to counter costly, closed-source American models and their market dominance. China..

◇ unclassifiedchina · asia · usa
2d07/09⚠ war-conflict · 3/5

US-Iran ceasefire collapse revives risks of global inflation

China called on the United States and Iran to stick with peace plans after a resumption of missile strikes in the Middle East spurred a jump in oil prices. “Reigniting the conflict does not serve any party’s interests,” a spokesman for China’s Ministry of Foreign Affairs said on Wednesday. “We call on the US and Iran to follow through on their memorandum of understanding, resolve disputes through dialogue and negotiation, and avoid resorting to force.” Brent crude, the global oil benchmark, rose

◇ unclassifiedchina · asia · usa
2d07/09

South Korea set to power US fight for naval dominance amid rising geopolitical tensions

The United States is turning to South Korea’s world-leading shipbuilding industry to refresh its ageing naval fleet, a move set to expand the bilateral alliance beyond security into defence manufacturing, technology and industrial production. The approach reflects Washington’s efforts to address long-standing problems in its own industry, according to analysts – chronic construction delays, cost overruns, shortages of skilled workers and supply chain constraints among them. It also signals a...

◇ unclassifiedchina · asia · usa
2d07/09⚠ war-conflict · 2/5

Chinese man awarded US$73,500 for video featuring Tibet’s beauty, garnering 21 million likes

The tourism authority of Tibet has announced a 500,000-yuan (US$73,500) award for an online influencer whose viral road trip video promoted local tourism and garnered millions of likes The blogger, who goes by the handle @Liyaode, released the video on July 4 showing he had hailed a taxi to go from Chongqing, in southwestern China, where he lives, to Lhasa, capital of the Tibetan autonomous region, a distance of 2,200km. It received 15 million likes within a day, the Jiupai News reported. The...

◇ unclassifiedchina · asia
2d07/09

It costs a record US$99,700 to buy a small car permit in Singapore

The right to own a small car in Singapore climbed to a record high of S$129,000 ($99,700), with analysts saying premiums could rise further as rebates for electric vehicles come to an end. The price of a Category A certificate of entitlement (COE) meant for smaller cars and EVs advanced by 4.2 per cent in Wednesday’s bidding exercise from the previous round on June 17. Premiums for larger and more powerful cars in Category B jumped 6 per cent to S$130,889. The surge in premiums comes ahead of...

◇ unclassifiedchina · asia
2d07/09

Malaysia denies 1MDB fugitive Jho Low entered country with Chinese delegation

A senior Malaysian lawmaker on ⁠Thursday denied ⁠that fugitive businessman Jho ⁠Low had entered the country for talks linked to the theft of billions of dollars from state fund 1Malaysia Development Berhad (1MDB). Low, whose full name is Low Taek ‌Jho, faces multiple charges, including corruption and money laundering, in the United States and Malaysia for the central role he allegedly played in the misappropriation of at least US$4.5 billion from 1MDB. He has consistently denied wrongdoing and..

◇ unclassifiedchina · asia · usa
2d07/09

In Nato summit gaffe, Trump says ‘Islamic Republic of Japan’ fired missiles at US ship

US President Donald Trump on Wednesday said “the Islamic Republic of Japan” fired missiles at a US aircraft carrier, apparently confusing long-time ally Japan with Iran. Trump made the remark during a meeting with Ukrainian President Volodymyr Zelensky in the Turkish capital Ankara on the sidelines of a Nato summit. “We had 111 missiles shot by the Islamic Republic of Japan,” Trump said. He went on to say that the missiles were shot at the aircraft carrier Abraham Lincoln over a period of one...

◇ unclassifiedchina · asia · uk
2d07/09

Philippines got an economic upgrade, yet many Filipinos feel it’s no ‘big deal’

The World Bank recently upgraded the Philippines to an upper-middle-income country, but that classification makes little difference to many Filipinos grappling with rising cost of living, debt and stagnant wages. “I laughed actually. Like, for real? Where did the data come from?” Ann Michelle Federez-Abato said of the July 1 announcement that her country’s gross national income (GNI) per capita had reached US$4,850 in 2025, surpassing the US$4,636 cut-off for upper-middle-income...

◇ unclassifiedchina · asia · usa
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