News

An Amazon subsidiary has reached an acquisition agreement with GlobalStar.

Poland's energy minister stated that the cost of reimposing fuel price measures would reach approximately 500 million zlotys within two weeks.

Marubeni plans to invest $12 billion over the three fiscal years ending March 2028, including capital expenditures. The CEO of Marubeni, backed by Berkshire Hathaway, expressed hope that the yen would remain strong.

Air Canada executives said the company plans to expand its leisure destinations in Europe, with fall and spring travel expected to make a significant contribution to the new routes.

Southbound capital saw a net outflow of HK$1.316 billion today. In the Shanghai-Hong Kong Stock Connect, Alibaba-W and Meituan-W saw net outflows of HK$879 million and HK$788 million respectively; Tencent Holdings saw the largest net inflow of HK$1.127 billion. In the Shenzhen-Hong Kong Stock Connect, Huahong Grace Semiconductor and Lenovo Group saw net outflows of HK$783 million and HK$293 million respectively; both saw the largest net inflow of HK$630 million.

Russia has stated that there is no reason to give Ukraine a "temporary respite" regarding the situation in the Black Sea.

Russia has stated that it cannot revive the 2022-23 Black Sea Initiative.

Russia has stated that it has not yet received a formal proposal from Türkiye regarding a ceasefire in the Black Sea and Ukraine.

According to Axios, Andy Baker, the White House's deputy national security advisor, will be leaving the government in the coming weeks.

The Eurozone's seasonally adjusted trade balance for June was €1.8 billion, compared to a previous reading of -€5 billion.

The final reading for seasonally adjusted employment in the Eurozone in the second quarter was 0.1% quarter-on-quarter, in line with expectations and unchanged from the previous reading of 0.10%.

The final reading for seasonally adjusted annualized employment in the Eurozone in the second quarter was 0.5%, below the expected 0.6% and the previous reading of 0.50%.

Eurozone second-quarter GDP annualized rate revised to 1%, in line with expectations and unchanged from the previous reading of 1.00%.

The Eurozone's second-quarter GDP growth rate was revised to 0.4%, in line with expectations and down from the previous reading of 0.40%.

The Eurozone's unadjusted trade balance for June was €8.6 billion, revised from -€7.8 billion to -€9 billion in the previous month.

The Russian Ministry of Defense stated that in the past week, 15 naval vessels serving the Ukrainian Armed Forces were attacked, including one oil tanker, seven bulk carriers, two tugboats, and five Ukrainian naval patrol boats.

Lancaster University professor Simon Mayburn stated that as the economic consequences of the Iran war reverberate globally, US President Trump is facing increasing domestic and international pressure. He pointed out that with the US midterm elections approaching and inflation rising, the conflict has created political challenges within the US, while the global economy is "feeling the pinch"—affecting not only oil and diesel but also fertilizers and global shipping routes. Mayburn stated that any goods transported through the Strait of Hormuz will be affected, and the increased transportation costs and insurance premiums will ultimately be passed on to end users.

The Eurozone's seasonally adjusted trade balance for June, the final reading of seasonally adjusted employment for the second quarter, and the revised annual GDP growth rate will be released in ten minutes.

Russian Ministry of Defense: The cities of Oletskoy and Novonikoyevka in Donetsk have been occupied.

The Russian Ministry of Defense stated that it struck trains carrying military equipment for the Ukrainian army in the Odessa, Zaporizhzhia, and Sumy regions.