Anthropic is in early discussions with Samsung Electronics to develop a custom AI chip, following OpenAI’s June reveal of its Jalapeño inference processor with Broadcom.
Posted inMarkets
Bending Spoons raises $1.68 billion and surges 40% in Nasdaq debut
The Italian company behind AOL, Vimeo and Evernote priced at $29 and closed its first trading day at $40.50, giving it a market cap of roughly $25 billion on July 1.
Posted inEconomy
Warsh and Lagarde bury forward guidance at Sintra as inflation stays too high
The heads of the Fed, ECB, Bank of England and Bank of Canada agreed at Sintra to abandon explicit rate signalling, leaving markets to trade on data rather than guidance.
Posted inGeopolitics
Ukraine strikes Hvardiyske airfield and severs Crimean supply lines
Ukrainian forces hit one of Russia’s key Crimean air bases on July 5, destroying ammunition depots and road bridges in a coordinated strike campaign accelerating supply-line attrition.
Posted inWorld
Cape Verde’s Blue Sharks push Argentina to the brink at their first World Cup
Cape Verde’s debut World Cup ends 3-2 to Argentina after extra time, but a 40-year-old goalkeeper and three group-stage draws have redrawn African football’s ceiling.
Posted inTech
Meituan’s LongCat-2.0 is the first frontier AI model trained entirely on Chinese chips
The Chinese food-delivery giant open-sourced a 1.6-trillion-parameter model trained on 50,000 domestic Huawei-class accelerators, challenging the core premise of US chip export controls.
Posted inMarkets
COMEX copper hits record 652,000-tonne stockpile as US tariff ruling approaches
US copper inventories have surged eightfold to a record 652,200 tonnes as buyers front-run a Section 232 tariff decision that could impose a 30% levy on refined copper imports by 2028.
Posted inEconomy
US declines to extend USMCA, forcing annual reviews of a $2 trillion trade pact
USTR Jamieson Greer announced July 1 that the US will not renew USMCA beyond 2036, opting instead for annual renegotiations that leave North American trade in permanent uncertainty.
Posted inGeopolitics
Russia’s June casualties top 39,000 as Ukraine advance slows to near-standstill
Russia suffered an estimated 39,490 casualties in June 2026 — the bloodiest month of the war — while advancing just 1.03 square kilometres per day in Ukraine, down from 16.6 sq km per day in 2025.
Posted inWorld
Xi Jinping promotes two generals to rebuild China’s hollowed-out military leadership
Xi Jinping promoted Zhang Shuguang and Wang Gang to full general on July 3, filling the senior PLA roles left vacant by a sweeping corruption purge that gutted the Central Military Commission.