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The US and India have signed a framework agreement to cooperate on critical minerals and rare earths, part of a broader Quad initiative with up to $20 billion in funding. While India holds significant rare earth reserves, analysts question whether these efforts can meaningfully reduce China's overwhelming control of global processing capacity.
As the 2026 World Cup approaches, the United States, Canada, and Mexico face the unprecedented challenge of co-hosting amid strained diplomatic relations. Tariffs, trade disputes, and political rhetoric have created tensions that could affect the tournament, yet the event also offers an opportunity for diplomacy and cooperation.
Israel and Lebanon have agreed to renew a ceasefire brokered by the United States, contingent on Hezbollah's withdrawal from southern Lebanon. The deal aims to remove a key obstacle in US-Iran negotiations, but Hezbollah has rejected the terms, and fighting continues.
Five Eyes intelligence agencies have issued a rare joint warning that Chinese spies are using LinkedIn and other job platforms to target government and military personnel for recruitment, posing as employers from private firms and think tanks. The bulletin details an aggressive recruitment strategy that includes posing as consultants, conducting virtual interviews, and paying recruits via third-party platforms such as PayPal and cryptocurrency.
SpaceX's initial public offering is set to be the largest in history, raising up to $75 billion at a valuation near $1.8 trillion. The float has drawn interest from ordinary Australians and global investors, while analysts question the valuation and governance. Meanwhile, investors in China and elsewhere weigh the implications.
US Treasury Secretary Scott Bessent said China is 'very interested' in additional Boeing plane purchases ahead of President Xi Jinping's September visit to Washington. The comments come amid ongoing US-China trade negotiations and China's broader push for aviation self-sufficiency.
Russia and the Taliban have signed a military-technical cooperation agreement, marking a notable step in their growing relationship. While Moscow emphasizes practical security interests, analysts caution that the deal lacks the depth of a true strategic partnership and could draw Afghanistan further into regional rivalries.
President Trump suggested in a podcast interview that Vice-President J.D. Vance and Secretary of State Marco Rubio would be a formidable Republican ticket in 2028. The remarks come as both men, seen as likely rivals for the nomination, have taken turns defending the administration at White House press briefings.
Nissan has signed a non-binding agreement to explore contract manufacturing for Chinese automaker Chery at its Sunderland plant in the UK, potentially securing jobs at the country's largest car factory. The deal could begin in the 2027 financial year, reflecting broader Chinese carmaker expansion into Europe.
VTB CEO Andrey Kostin said at the St. Petersburg International Economic Forum that investors from China and the Persian Gulf are showing renewed interest in Russia, calling it a positive sign. He also announced high-level meetings with Saudi Arabia, Bahrain, and the UAE on the forum's sidelines.
Lawmakers are seeking answers after a ProPublica investigation revealed that White House adviser Peter Navarro intervened to secure a $620 million Pentagon loan for Vulcan Elements, a startup in which Donald Trump Jr.'s venture capital firm holds a stake. The administration says the loan supports critical mineral supply chains, while Democrats allege corruption and influence peddling.
At SPIEF 2026, Rosatom officials outlined plans to industrialize fourth-generation nuclear technologies through the Proryv project, potentially providing a nearly inexhaustible energy source after 2034. The forum also highlighted shifting global nuclear construction trends toward the Global South and Russia’s leadership in fast reactor development.
A drone attack on a passenger bus in Russian-occupied Ukraine killed seven people and injured 11, according to Russian-appointed officials. The bus was travelling between Moscow and Simferopol when it was hit. Russia's investigative committee has opened a criminal case.
The Trump administration has proposed tariffs of 10-12.5% on imports from 60 countries, including Australia, India, the UK and the EU, over alleged failures to tackle forced labour. The move follows a Section 301 investigation and has drawn sharp responses from trading partners, while analysts see it as a way to bypass recent Supreme Court limits on tariff powers.
The Russian Direct Investment Fund (RDIF) plans to sign seven agreements with Global South countries in IT, agriculture, and other sectors during the St. Petersburg International Economic Forum. RDIF CEO Kirill Dmitriev also announced a new partnership with Saudi Arabia's Lamar Arabia Holding for infrastructure and energy projects.
The US Trade Representative has proposed tariffs of up to 12.5 percent on imports from 60 economies, citing failure to curb forced labor. The move follows a Supreme Court ruling against earlier tariffs and has drawn criticism from trading partners. Public comments will be accepted before final implementation.
US Forces Korea commander Gen. Xavier Brunson's description of South Korea as a 'dagger in the heart of Asia' in a podcast has drawn sharp rebukes from China and North Korea, while Seoul says it has communicated its position to Washington. The remark highlights the delicate balance of the US-South Korea alliance amid efforts to counter China's influence.
The US military conducted self-defense strikes on Iran's Qeshm Island after intercepting multiple missiles and drones targeting Kuwait and Bahrain. Iran launched seven ballistic missiles at the Gulf nations, while tensions with Israel also escalated. Meanwhile, US Secretary of State Marco Rubio denied offering sanctions relief to Iran, and direct Israel-Lebanon talks stalled.
Canada and Mexico have formally called for a 16-year renewal of the USMCA trade agreement as the July deadline approaches. Canada's trade minister Dominic LeBlanc delivered the request in a letter to US and Mexican officials, while sectoral tariffs and automobile production remain key sticking points.
Former Nationals leader and One Nation recruit Barnaby Joyce addressed a Sydney rally urging MPs to support a bill banning sex-selective abortions. The bill, introduced by Libertarian MP John Ruddick, faces a tight vote in NSW upper house, with experts and health officials questioning its necessity and effectiveness.