ASML raised its 2026 revenue forecast by up to 25% and is seeking price increases on both its extreme ultraviolet and older deep ultraviolet machines, with Chinese customers already accepting a 10% DUV hike.
Posted inMarkets
Netflix Slides 9% as Q2 Growth Guidance Disappoints
Netflix posted record Q2 revenue of $12.56 billion but guided the next quarter below analyst estimates, sending shares down as much as 9% after hours and extending a 45% slide from the stock’s June 2025 peak.
Posted inEconomy
Bank of Korea Raises Rates for First Time in Three Years
South Korea’s central bank raised its benchmark rate to 2.75% on July 16, ending 13 months of policy inaction as record chip exports push inflation above target and the won tests the 1,500 per dollar level.
Posted inGeopolitics
UK Fast-Tracks Project Nightfall Ballistic Missile for Ukraine
Britain has signed preliminary contracts for its first domestically developed ballistic missile in more than 50 years, with deliveries to Ukraine targeted for late 2027 and test launches due within a year.
Posted inWorld
Zelensky Fires Ukraine’s Drone-War Architect, Protests Erupt
Volodymyr Zelensky has dismissed Mykhailo Fedorov as defence minister after just six months, triggering street protests in Kyiv, Lviv and Kharkiv over the removal of Ukraine’s drone-warfare architect.
Posted inTech
Nvidia Cuts More Than Half Its Approved Asian AI Chip Buyers in Diversion Crackdown
Nvidia has more than halved its whitelist of approved Asian buyers for advanced AI chips, introducing on-site data-center inspections after Blackwell processors were found flowing to Chinese entities through third-country subsidiaries.
Posted inMarkets
Stripe and Advent Offer $53.4 Billion for PayPal in Largest Fintech Bid on Record
Stripe and Advent International offered $60.50 a share for PayPal — a 28% premium valuing the company at $53.4 billion — sending PayPal stock up 19% in the largest-ever fintech takeover approach.
Posted inEconomy
Fed Governor Cook Signals Rate Hike Readiness as US Inflation Hits 3.7%
Fed Governor Lisa Cook warned on July 15 that she is prepared to raise rates if inflation does not ease, with US prices running 3.7% year-on-year — five years above the 2% target.
Posted inGeopolitics
Ukraine Drones Knock Out Russia’s Last Untouched Refinery in Bashkortostan
Ukrainian drones flew 1,500 km into Russia overnight to disable both primary distillation units at Gazprom’s Salavat petrochemical complex, which processes 2.7% of Russia’s total oil refining capacity.
Posted inWorld
Ebola Deaths Pass 700 in Eastern Congo as Outbreak Outpaces Response
The WHO says 80% of new Ebola cases in eastern Congo are emerging from unknown transmission chains, as the death toll passes 700 and the outbreak reaches neighbouring Uganda.