Wall Street's relentless rise this summer has pushed stock valuations close to record levels, prompting warnings of "euphoric" markets entering "bubble" territory. The S&P 500 index has reached historic peaks, and the cost of borrowing for US corporations has approached its lowest level in decades.
NASA is laying off approximately 3,870 employees under a deferred dismissal program, part of the White House's efforts to reduce federal officials. This will allow the agency to become more streamlined and efficient as it prepares for a new era of exploration.
This will increase the burden on Ukraine's state budget, whose deficit exceeded 20% of GDP last year.
Estonia reports an increase in Russian electronic warfare systems near its borders. Additional signal jamming equipment has been deployed to the Kingisepp area, 20 km from the Estonian border.
A forest fire in the Limassol area of Cyprus has led to the death of two people and the destruction of dozens of homes. Approximately 100 square kilometers have burned, with assistance provided by Spain and Jordan.
JPMorgan Chase & Co. considers the forecast of the stablecoin market growing to $2 trillion "somewhat optimistic" because the infrastructure is not yet developed. The bank predicts a doubling or tripling of the market, which is significantly lower than other estimates.
The number of companies and organizations compromised by the security vulnerability on Microsoft SharePoint servers has grown to 400. Most of the victims are in the US, including the National Nuclear Security Administration.
The European Union plans to impose 30% tariffs on American goods worth about 100 billion euros if the US follows through on its threat of tariffs after August 1. This will include industrial goods, cars, and whiskey, affecting a third of American exports to the EU.
Qatar could become the first Middle Eastern country to host the 2036 Olympic Games in Doha. The country already has 95% of the necessary sports infrastructure and experience hosting the 2022 FIFA World Cup.
Germany has approved a preliminary request for the supply of 40 Eurofighter Typhoon fighter jets to Turkey. The aircraft, a joint project of BAE Systems, Airbus, and Leonardo, will be built in the United Kingdom with German components.
Shipowners and oil traders are distancing themselves from the Indian company Nayara Energy Ltd. after its inclusion in the EU sanctions package. The tanker Talara turned around and left the port of Vadinar without loading fuel, and Nayara began demanding prepayment due to concerns about payments.
New Prime Minister Yulia Svyrydenko announced Ukraine's likely appeal to the IMF for additional financing, as international donors have provided only half of the necessary funds. She also plans to discuss financial aid and joint weapons production with the United States.
China has banned a US citizen working for the Department of Commerce from leaving the country for several months, coinciding with Beijing and Washington's attempts to organize a leaders' summit to resolve trade disputes. The exit ban was imposed due to the failure to indicate employment with the US government in the visa application.
The European Union announced that a new package of measures to restrict fuel supplies from Russian oil will not come into force until January 21 next year. This decision dispelled fears of a narrowing diesel market and gave markets a respite.
A large-scale anti-corruption investigation is underway in Milan, involving over 70 individuals, including Mayor Giuseppe Sala and leading developers. Suspicions of non-transparent schemes could shake investor confidence in the Milan real estate market.
North Korea has temporarily banned foreign tourists from visiting the new Wonsan Kalma resort on the Sea of Japan. The decision was made a few days after the visit of Russian Foreign Minister Sergey Lavrov.
The EU has approved a new package of sanctions against Russia, which includes a revised price cap on Russian oil, disconnection of banks from SWIFT and restrictions on the shadow fleet. The sanctions also apply to Chinese banks and the export of drone technologies.
The US Congress has passed the first federal law regulating stablecoins, paving the way for wider adoption of this technology. The bill establishes federal oversight for dollar-pegged tokens and could accelerate digital payments.
China's rare earth exports in June 2025 reached 7,742. 2 tons, up 60.3% from June 2024. Export value rose to 170 million yuan, an increase of 30.8% compared to the previous month.
China's Ministry of State Security accused foreign intelligence services of fraudulently exporting strategically important rare earth metals. Attempts to smuggle them through postal shipments and disguise the materials in other goods have been detected.
US President Donald Trump has instructed the Attorney General to seek the declassification of Epstein's grand jury testimony. This decision was made under pressure from supporters who insist on transparency in the financier's case.
British Prime Minister Keir Starmer does not rule out London's participation in Germany and the US's talks on arms procurement for Ukraine. Discussions are at an early stage between London, Washington, and European countries.
German Chancellor Friedrich Merz stated that the delivery of Patriot systems to Ukraine is being discussed, but will take days or weeks. The US has also revised the Patriot supply schedule to accelerate support for Ukraine.
More than half of Russian exports are paid in rubles, and the inflow of foreign currency into Russia is decreasing. Payments in "friendly" currencies, primarily yuan, account for only a third of receipts.
British Prime Minister Keir Starmer and German Chancellor Friedrich Merz will sign an agreement on mutual assistance in the event of an armed attack. The document also provides for the joint development of a missile system and measures to mitigate the consequences of Brexit.
Istanbul Mayor Ekrem İmamoğlu was sentenced to 1 year and 8 months in prison for insulting a prosecutor. İmamoğlu is a member of the opposition party and is considered a threat to the current president Erdogan.
In Spain, from mid-May to mid-July, about 1180 people died due to anomalous heat, which is ten times more than last year. This June was the hottest month in the country's history, and over 95% of those who died were over 65 years old.
Two drones attacked the Peshkabir oil fields in northern Iraq, operated by the Norwegian company DNO ASA. As a result of the attack, the field was damaged, but no one was injured.
Larry Ellison for the first time took second place among the world's richest people, surpassing Mark Zuckerberg. This happened after the rise in Oracle Corp shares, which increased his fortune to $251.2 billion.
China plans to purchase 140 million barrels of oil for its strategic reserves by the first quarter of 2026, as long as prices remain below $80 per barrel. This will ensure a high level of imports and soft commercial demand.
