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Shanghai Biren Technology is raising HK$7 billion to expand GPU production, while competitors Moore Threads and Hygon project strong first-half revenue growth on the back of surging domestic AI demand. The moves highlight an intensifying battle to capture Nvidia's market share in China.
Nigel Farage faces a possible second parliamentary standards investigation after a newspaper reported he failed to declare benefits from George Cottrell, a convicted fraudster and cryptocurrency investor. The government has announced new rules on overseas political donations amid the controversy.
Australia and Fiji have signed the Ocean of Peace Alliance, a mutual defence treaty that makes Fiji Australia's fourth official ally. The pact has drawn a warning from China and interest from New Zealand, signalling broader regional security implications.
Iran prepares for the funeral procession of slain Supreme Leader Ayatollah Ali Khamenei, with massive crowds expected in Tehran. International leaders pay tribute, while Israel monitors the event and regional tensions persist.
Taiwan's defense ministry has reinstated 'anti-communist' patriotic education for military academy graduates, citing heightened military and infiltration threats from China. The classes, discontinued in 2002, will feature lectures from senior officials and think-tank experts. This comes as Taiwan reports a record number of Chinese naval vessels in the region.
As Zambia heads to the polls on August 13, 2026, President Hakainde Hichilema seeks a second term on the back of economic stabilisation, while opponents argue that fiscal discipline has come at the expense of social protection and jobs. The election carries high stakes for investment in critical minerals and Zambia's global relationships, with more than 70 percent of the population still living in poverty.
Iran's ambassador to China says the new Supreme Leader Mojtaba Khamenei shares his late father's positive view of bilateral ties, and hints at possible service fees for Strait of Hormuz transit, with possible Chinese exemptions. China reaffirms its commitment to the relationship, welcomes a recent Iran-US memorandum, and calls for calm negotiations.
North Korean leader Kim Jong Un observed strategic cruise missile firings and combat system evaluations aboard the newly built destroyer Kang Kon, state media reported. He ordered the vessel commissioned within two months as part of a broader naval modernisation drive that includes the recently commissioned Choe Hyon. Coverage also noted related commentary on Japan’s military plans and analyst assessments of Pyongyang’s growing naval ambitions.
Chinese Foreign Minister Wang Yi called on Sweden to help rebuild trust between the two countries during a meeting with Prime Minister Ulf Kristersson in Stockholm. The visit is part of a wider tour of Nordic countries and comes amid EU trade tensions and shifting geopolitical dynamics.
Iran's ambassador to China says vessels transiting the Strait of Hormuz will be charged service fees, with 'special considerations' for friendly nations. The move comes despite US objections, as the initial US-Iran deal provided for free passage for 60 days.
President Donald Trump celebrated America's 250th anniversary with a speech on the National Mall, highlighting the nation's achievements and potential while acknowledging challenges abroad and at home. Meanwhile, South Korean President Lee Jae Myung congratulated the U.S., calling South Korea a 'precious partner' and emphasizing the alliance's future cooperation.
Pastor Ezra Jin Mingri, founder of the underground Zion Church, has been released from detention in China and reunited with his family in Los Angeles. His release follows a request by US President Donald Trump to Chinese President Xi Jinping during a May visit to Beijing. Family members and advocacy groups have welcomed the development, though some church members remain detained.
Ezra Jin, founder of Zion Church, one of China's largest underground churches, has been released from detention and arrived in Los Angeles on July 4. His family and ChinaAid expressed gratitude, crediting President Trump's lobbying efforts. The release is seen as rare for a Chinese citizen.
The death toll from Venezuela's twin earthquakes has risen to nearly 3,000, according to official figures, as international rescue teams begin winding down search operations. Tens of thousands remain missing, and the UN has ordered 10,000 body bags as it warns the toll could rise further.
Turkish President Recep Tayyip Erdogan said Israel 'must not be allowed to spread the smell of gunpowder and blood in our region again' during a meeting with Pakistan's PM. He also announced a cooperation plan with Pakistan. Separately, reports indicate Turkey is developing a space and ballistic missile launch site in Somalia, which could pose a threat to Israel.
Tens of thousands of protesters gathered in Erfurt, Germany, to block roads and disrupt the AfD party conference, which re-elected Alice Weidel and Tino Chrupalla as co-leaders. Police reported clashes and deployed batons, while the party opened its congress on time amid concerns about the AfD's rising popularity.
Russian Security Council Deputy Chairman Dmitry Medvedev said the US attack on Iran was unprovoked and that Iran posed no threat, as it was negotiating with Washington. He also proposed a community of sanctioned states, including Russia, Iran, and China, to counter what he called illegal unilateral restrictions.
China has launched a second coast guard patrol east of Taiwan amid international concern. The operation follows a similar patrol in June, which Beijing says was a response to Japan-Philippines maritime boundary talks. Taiwan reports tracking Chinese vessels, while the US, UK, France, and Germany have expressed concerns.
Iran has started six days of public funeral ceremonies for late Supreme Leader Ayatollah Ali Khamenei, who was killed in a joint US-Israeli air strike on February 28, 2026. The ceremonies draw international dignitaries from around 30 countries, with the burial set for Thursday in Mashhad.
Iran has begun talks with Japanese companies about resuming crude oil purchases under a US sanctions waiver, though Japanese diplomatic sources reportedly view a deal as unrealistic over navigation safety concerns. Three Japanese buyers are reportedly considering purchases for the first time since 2019.