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China has announced a temporary export ban on helium, effective immediately, citing renewed military conflict in the Middle East that threatens global supplies. The move could impact semiconductor manufacturing worldwide, as China is a key re-exporter of Russian helium to markets including Europe.
Reports detail $2.7bn spent to block wind power and $1.125bn to boost coal, with critics saying it raises energy bills. Separately, analysis challenges Trump's portrayal of China's renewable energy progress.
The European Union has formally accused Meta of breaching its digital rules by designing Facebook and Instagram with addictive features, and demanded the company disable functions such as infinite scrolling and autoplay. Meta faces a fine of up to 6% of its global annual turnover if it fails to comply, and has been given a chance to respond before a final decision.
At the NATO summit in Ankara, President Donald Trump told Turkish President Recep Tayyip Erdogan that the US would lift sanctions imposed over Turkey's purchase of Russian S-400 systems, and raised the possibility of Turkey rejoining the F-35 programme. Analysts see a potential 'strategic reset' in US-Turkey relations, though congressional hurdles remain. Trump also criticized NATO allies for not supporting US military action in the Middle East and hinted at a possible troop withdrawal from Europe.
Air Zimbabwe will relaunch direct flights between Harare and London later this month, marking its return to the route for the first time in over a decade. The airline will operate three weekly flights using a leased Airbus A330-300, with promotional fares starting at £490 one-way. Over 1,400 passengers have already booked seats, according to Transport Minister Felix Mhona.
A fast-moving wildfire in southern Spain's Almeria province has killed at least 12 people, with some reports putting the toll at 13. Hundreds of firefighters, supported by aircraft and soldiers, are working to contain the blaze, which has forced thousands of residents to evacuate and has left several people unaccounted for.
Russian Deputy Foreign Minister Andrey Rudenko said Moscow and Beijing are discussing all aspects of a Ukraine settlement and praised China's balanced position, while the Chinese Embassy in Washington urged Kiev to view Beijing's role objectively, reiterating that dialogue and negotiation are the only viable path.
Hong Kong has increased its RMB Business Facility quota by 150% to 500 billion yuan and extended the tenure to two to three years, as part of measures to promote the city's bond and currency market. The facility allows banks to borrow yuan at the Shanghai three-month interbank offered rate and offer renminbi financing to corporate clients.
An explosion in Monaco injured businessman Vadim Yermolayev, a former Ukrainian citizen under Kyiv's sanctions. Several politicians and experts cited by TASS allege Ukrainian government involvement, citing his alleged plans to expose corruption or testify against officials.
The UK is experiencing its third heatwave of the year, with temperatures expected to remain high through next week. Western Europe has recorded its hottest June on record, and scientists warn that climate change is making such events more likely and intense.
Germany has agreed to purchase US Tomahawk cruise missiles and Typhon launchers, with a formal agreement expected in August. The deal, announced by Chancellor Friedrich Merz, is framed as a stopgap measure while Europe seeks to develop its own systems. Reports highlight ongoing tensions between immediate defence needs and long-term European strategic autonomy.
Three weeks after the US-Iran memorandum of understanding, attacks on commercial vessels in the Strait of Hormuz have renewed tensions, with both sides exchanging strikes and global energy markets on edge. Traffic through the critical waterway has fallen sharply, and negotiations in Doha ended without agreement.
President Donald Trump has agreed to grant Ukraine a licence to manufacture Patriot missile interceptors domestically, as Kyiv faces critically low stockpiles amid intensifying Russian strikes. The offer, made at the NATO summit in Ankara, is seen as a diplomatic victory for Ukraine, though experts caution that production could take years.
The Kremlin said Donald Trump did not call Vladimir Putin as planned, citing the US president's busy schedule in Ankara, while reiterating Putin's openness to dialogue. The reports come amid conflicting accounts of a separate call between the two leaders ahead of the NATO summit.
The United States has launched a second barrage of air attacks on Iran, killing at least 14 people over two days, as fragile peace talks appear at risk of collapsing. Iran has fired back at US assets in neighbouring Gulf countries, and President Trump has declared the memorandum of understanding with Iran 'over'.
Western Europe experienced its hottest June ever recorded, with temperatures exceeding the 1991-2020 average by more than 3°C, according to the EU's Copernicus Climate Change Service. The heatwave, linked to thousands of deaths, also drove global and ocean temperatures to record highs, prompting warnings of more frequent and intense heat extremes.
Volkswagen's plans to cut up to 100,000 jobs and potentially close four German factories have sparked protests at its plants, with unions and industry bodies warning of significant impact on the German economy. Chief executive Oliver Blume confirmed further job cuts despite the supervisory board rejecting the factory closures.
President Tamas Sulyok has refused to sign the 17th constitutional amendment, which would end his term. He argues the move violates democratic principles and is politically motivated. The amendment, proposed by Prime Minister Peter Magyar, is part of a broader plan to draft a new constitution.
Western Europe experienced its hottest June on record, with temperatures more than 3°C above the 1991-2020 average, according to the EU's Copernicus Climate Change Service. The heatwave, linked to thousands of deaths and wildfires, underscores Europe's status as the world's fastest-warming continent.
The International Monetary Fund has downgraded its 2026 global growth forecast for the second time this year, citing the lingering effects of the war in the Middle East on energy markets. The IMF now expects the world economy to grow 3% this year, with an AI-driven technology boom only partly offsetting the shock.