On August 2 the EU AI Act activates penalty enforcement powers over AI model providers — up to €15m or 3% of global turnover — alongside new chatbot transparency rules and revised high-risk system deadlines.
Author Archives: newanalytica
Posted inMarkets
US chip stocks cap worst AI week yet as semiconductor index sheds 5.3%
The PHLX Semiconductor index fell 5.3% on June 29 as Micron shed 6.7% and AMD declined 2.1%, capping a week in which the Nasdaq lost 4.6% amid deepening doubt about near-term AI revenue.
Posted inEconomy
China’s June manufacturing PMI beats forecasts at 50.3 on AI export demand
China’s NBS reported a manufacturing PMI of 50.3 in June 2026, beating the 50.1 consensus forecast, driven by surging demand for AI-related exports amid the global infrastructure build-out.
Posted inGeopolitics
US envoy Witkoff heads to Qatar as Iran denies new ceasefire talks are confirmed
Steve Witkoff flew to Doha for Iran talks on June 29 after weekend US-Iran strikes, but Tehran’s deputy FM publicly denied any meeting had been arranged, deepening diplomatic uncertainty.
Posted inWorld
Venezuela’s earthquake death toll reaches 1,719 as rescue teams race against time
Venezuela’s earthquake death toll reaches 1,719 with 50,000 still missing, as President Rodriguez faces criticism over a relief effort described as slow and uneven by observers.
Posted inTech
OpenAI and Broadcom unveil Jalapeño, the first custom AI inference chip from an AI lab
OpenAI and Broadcom have unveiled Jalapeño, OpenAI’s first custom AI inference chip, designed to cut inference costs and reduce dependence on Nvidia GPUs.
Posted inMarkets
Baidu’s AI chip unit Kunlunxin targets $50 billion Hong Kong IPO
Baidu’s semiconductor spin-off Kunlunxin is targeting a $50 billion valuation in Hong Kong, asking prospective investors to also commit to buying its chips.
Posted inEconomy
Japan retail sales surge 5.3% in May, giving BOJ room to keep hiking
Japan’s retail sales rose 5.3% year-on-year in May 2026, the fastest pace since November 2023, as wage growth and government subsidies powered a broad spending rebound.
Posted inGeopolitics
Ukraine launches 40-day pressure campaign with record 660-drone barrage on Russia
Kyiv opens a 40-day SBU operation to compel Putin to the negotiating table, opening with a record overnight swarm of 660 drones across 13 Russian regions and Crimea.
Posted inWorld
Iran fires missiles at US bases in Kuwait and Bahrain as Hormuz ceasefire unravels
Iran’s IRGC launched ballistic missiles and drones at US military facilities in Kuwait and Bahrain on June 28, threatening to collapse a ceasefire signed only 11 days earlier.