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Hong Kong Chief Executive John Lee Ka-chiu spoke at the GBA-Asean Summit 2026, where a new Asean Chamber of Commerce was launched to connect the Greater Bay Area with Southeast Asia. The chamber's chairman, Daniel Fung Wah-kin, says it will foster trade and people-to-people ties, though analysts expect modest economic benefits.
Both the UK and the EU are set to halve duty-free steel imports from July 1, aiming to curb global oversupply and protect local industries. The UK will reduce its quota by 51%, while the EU's overall cut is 50% but with reduced one-third quotas for 12 trading partners, including the UK, drawing criticism from some industry stakeholders.
East Timor's Vice Prime Minister Francisco Kalbuadi Lay called for stronger Asean-Greater Bay Area cooperation at the GBA-Asean Summit 2026, highlighting investment and technology opportunities. Officials and industry leaders discussed supply chain integration, AI, and green tech, with Qianhai positioned as a key gateway.
Indian embassy officials met representatives of China's Xinhua news agency in Beijing on June 24, according to two reports, as the two countries work to normalise relations. China has called for renewing visas for its journalists, and a possible visit by President Xi Jinping later this year has been discussed.
NASA has launched a robotic mission to rescue the Swift space telescope, which is falling towards Earth and would otherwise burn up in the atmosphere. The $30 million mission, developed by US startup Katalyst, aims to tow the telescope into a higher, stable orbit. The operation is expected to last several months and could pave the way for extending the life of other satellites.
A ransomware group has leaked over 630 gigabytes of data from Apple's Indian supplier Tata Electronics, including component lists, supplier information, and photos of the unreleased iPhone 18 Pro. The breach threatens Apple's carefully guarded supply chain and comes as India investigates the incident.
A US federal judge sentenced self-exiled Chinese billionaire Guo Wengui to 30 years in prison for defrauding over 1,000 people of hundreds of millions of dollars. Guo, who fled China and became a critic of the Communist Party, was also ordered to forfeit $889 million. China's foreign ministry noted the sentence, calling Guo a fugitive wanted under an Interpol red notice.
President Trump has cast doubt on signing a bipartisan housing affordability bill, calling it "a big yawn," while demanding Congress first pass the Save America Act, which would tighten voter registration rules. The move has created tension between his administration's priorities on election reform and consumer affordability.
Russia's fish and seafood exports to Japan fell 8% in volume to 43,000 tons in January-May 2026, according to the Fish Union. Meanwhile, exports to China rose 16% in volume to 672,000 tons, and imports from Turkey declined 7%.
Belarusian President Alexander Lukashenko visited Russia and China, holding talks with Vladimir Putin and Xi Jinping. Xi expressed support for Belarus' sovereignty and described bilateral relations as at a historic high, while Ukraine's leadership believes Russia aims to pressure Minsk into deeper involvement in the war.
US petrol prices have fallen to an average of $3.86 per gallon, according to the AAA, as US-Iran peace talks continue amid ongoing clashes in the Strait of Hormuz. Oil markets remain volatile, with prices surging after President Trump announced fresh strikes against Iran, while the president's economic claims draw mixed reviews.
Defense Minister Israel Katz announced that Israel is developing space-based laser systems to carry out attacks above the Earth, positioning the country as a future leader in space-attack capabilities. Katz said no country currently has the ability to mount attacks in spaceaine claiming that Israel must become the leading nation in this field. The announcement builds on earlier statements and highlights Israel's existing laser and missile defense programs, including the Iron Beam and Arrow 3 systems.
President Joseph N. Boakai of Liberia has called for deeper cooperation with China across multiple sectors, including agriculture, renewable energy, and digital innovation, during a reception marking the CPC's 105th anniversary. He reaffirmed Liberia's One-China Policy and praised China's development achievements as an inspiration to developing nations.
Rescue teams in Venezuela are in a race against time to find survivors after twin earthquakes killed at least 1,450 people, with hopes fading as the 72-hour rescue window passes. International aid pledges from the EU and China arrive as the government faces criticism over its response.
A proposed tunnel between Russia and the US under the Bering Strait is seen as a symbol of improved relations, but experts question its economic viability. Challenges include harsh Arctic conditions, high costs, and the lack of a clear cargo base, with design completion hoped for by 2026.
India and the US have made significant progress toward a trade deal, but key issues remain unresolved, including tariff advantages and agricultural market access. Domestic protests in India and legal setbacks in the US add further complexity.
China's Ministry of Commerce has imposed export controls on 40 Japanese entities, citing national security and non-proliferation concerns and describing Japan's actions as 'new militarism.' The move follows heightened tensions over Taiwan and Japan's military buildup. Japan's chief cabinet secretary urged Beijing to revoke the measures, calling them 'unacceptable.'
China's People's Liberation Army dispatched vessels and aircraft to the South China Sea after a joint US-Philippine maritime exercise near Scarborough Shoal. A rare naval stand-off between Chinese and Philippine forces occurred as Manila wrapped up a large multinational drill.
The death toll from Venezuela's twin earthquakes has risen to at least 1,450, with tens of thousands still missing. Rescue crews, including international teams, are racing against time after the critical 72-hour window closed, though some survivors have been pulled from the rubble.
South Korea announced plans to build a new semiconductor production base in the southwestern region, backed by 800 trillion won in corporate investment from Samsung and SK hynix. The project is part of the government's 'three mega projects' initiative, with President Lee Jae Myung set to review progress in a meeting with industry executives. Energy policy and infrastructure concerns have emerged as key challenges.