The European Commission imposed its largest-ever Digital Services Act penalty on Alibaba’s AliExpress on Monday, citing systemic failures to detect and remove counterfeit and dangerous products.
Posted inMarkets
CXMT Prices Asia’s Largest IPO of 2026 at $8.6 Billion
China’s leading DRAM chipmaker Chang Xin Memory Technologies priced an $8.6 billion Shanghai listing with 212-times investor demand, targeting a debut on July 27 at an $85 billion valuation.
Posted inEconomy
ECB Governing Council Meets Thursday in Its Most Finely Balanced Decision of the Year
With June eurozone inflation at 2.8% and growth at just 0.8% forecast for 2026, the ECB faces its sharpest hold-or-hike tension since raising rates for the first time in three years last month.
Posted inGeopolitics
Ukraine Strikes 176 Shadow Fleet Vessels in July Drone Blitz
Ukraine’s Unmanned Systems Forces destroyed 11 more shadow fleet vessels and hit 20 Crimean energy facilities across two nights, pushing the July campaign total to 176 ships struck.
Posted inWorld
Cuba’s Grid Collapses for the Fifth Time in 2026
Cuba’s national electrical system failed again on Tuesday as fuel starvation leaves a grid running at less than 30 percent of demand with no margin for error.
Posted inTech
China Launches 29-Nation AI Cooperation Body at Shanghai Conference
China launched WAICO on July 16, a new 29-nation AI cooperation body, at the Shanghai World AI Conference as Beijing challenges US-led governance frameworks.
Posted inMarkets
Goldman Sachs Posts Record Quarter With $20.98 EPS and $20.34 Billion in Revenue
Goldman Sachs posted diluted EPS of $20.98 and $20.34 billion in Q2 2026 net revenues on July 14, its best quarter on record, with AUM crossing $4 trillion.
Posted inEconomy
PBOC Holds Rates for 14th Straight Month as China’s Economy Misses Its Growth Target
China’s central bank held lending rates at record lows on July 20 for the 14th straight month after Q2 GDP came in at 4.3%, the weakest reading since late 2022.
Posted inGeopolitics
Russia Fires 41 Ballistic Missiles at Kyiv in War’s Largest Such Barrage
Russia fired 41 ballistic missiles at Kyiv overnight on July 18-19, the war’s largest such barrage, as Ukraine’s interceptor stockpiles ran critically short.
Posted inWorld
Andy Burnham Set to Become UK Prime Minister After Unopposed Labour Win
Andy Burnham was declared Labour leader on July 17 after 379 of 403 MPs backed him, and is set to formally take office as Prime Minister on July 21.