Bloomberg L.P.

BlackRock Inc. stopped seeking investors for a multi-billion dollar Ukraine reconstruction fund earlier this year after Donald Trump won the US presidential election. The fund was supposed to raise at least $500 million from countries and $2 billion from private investors.

Chinese Foreign Minister Wang Yi stated China's readiness to cooperate with France in nuclear energy, aviation, AI, green energy, and biotechnology. Issues concerning Ukraine and the Middle East were also discussed, and China resolved the issue of anti-dumping duties on European cognac.

The International Atomic Energy Agency (IAEA) withdrew its inspectors from Iran due to a new Iranian law that criminalizes the activities of international monitoring missions. This decision caused concern among Western countries and intensified the isolation of Iran's nuclear program.

US President Donald Trump signed a bill that raises the national debt limit by $5 trillion, cuts social programs, and increases military funding. The document also provides for tax breaks and funding for combating illegal migration.

The US government is ceasing the production of pennies, as minting them cost more than their value. This decision is symbolic, but could lead to prices being rounded to the nearest nickel.

The Slovenian parliament approved a referendum on increasing defense spending to 3% of GDP by 2030, which could hinder government plans. The opposition and two coalition parties supported the initiative, which is consultative in nature.

NATO Secretary General Mark Rutte hopes for US flexibility regarding arms supplies to Ukraine after some deliveries were suspended due to concerns about stockpiles. The Pentagon suspended the transfer of artillery shells and air defense systems to Ukraine, citing a review of US stockpiles.

Germany is holding "intensive discussions" on providing Ukraine with Patriot air defense systems. This comes amid intensified Russian attacks and a halt in arms supplies from the US.

US President Donald Trump will personally decide on extending the term of customs negotiations with trade partners after July 9. US Treasury Secretary Scott Bessent stated that Trump will determine whether partners are negotiating in good faith.

The IMF warned that Trump's tax bill would make it harder to reduce the US budget deficit and debt burden. The bill increases the deficit by $3.3 trillion, which contradicts the reduction of federal debt in the medium term.

On Thursday, Zimbabwe experienced a massive nationwide power outage due to a system failure that led to a loss of production at two power plants. Electricity imports from South Africa, Zambia, and Mozambique were also interrupted.

Russia's oil and gas revenues in June decreased by 33. 7% compared to last year, reaching their lowest level since January 2023. The fall in global crude oil prices and the strengthening of the ruble are reducing the profitability of oil companies and burdening the federal budget.

Donald Trump has called for an end to the trial of Israeli Prime Minister Benjamin Netanyahu, who is accused of corruption. This has sparked debate in Israeli society regarding interference in the country's judicial system and internal politics.

Europe continues to suffer from an intense heatwave caused by a heat dome, bringing red and amber warnings. In France and Germany, temperatures reach 39°C, and climate change intensifies the intensity of heatwaves, threatening health and straining energy systems.

Analysts predict global tourism spending to grow from $5 trillion in 2024 to $15 trillion in 2040. Developing countries, primarily China, India, and Saudi Arabia, will be the main drivers of this growth.

Columbia University received a warning from the Middle States Commission on Higher Education regarding potential loss of accreditation due to non-compliance with safety, ethics, and inclusivity standards. The university remains accredited but must address the concerns to maintain its status.

The Trump administration stopped funding USAID, and Secretary of State Marco Rubio claims that the agency has not shown results since the Cold War. This decision could lead to increased mortality and draws criticism from USAID supporters.

Poland's Supreme Court confirmed Karol Nawrocki's presidential election victory, despite controversy and numerous complaints. The decision paves the way for Nawrocki to take the oath of office and assume his post.

Iran has disconnected IAEA nuclear observers and refused inspections, raising questions about its nuclear program. The whereabouts of 409 kg of Iranian near-bomb-grade uranium remain unknown.

The European Union is ready to accept a trade agreement with the US with a 10% universal tariff, but wants lower rates in key sectors such as cars, steel, and aluminum. The agreement must be concluded by July 9 to avoid a rise in duties to 50% on almost all European exports to the US.

Moldova's Action and Solidarity Party, led by Dorin Recean, leads in polls, garnering about 40% of the vote, which corresponds to 49 seats in parliament. This is not enough for an absolute majority; the party is two votes short.

The UK stated that all members of the Eurofighter Typhoon consortium support the sale of fighter jets to Turkey, overcoming Germany's previous blocking. This increases the prospects for realizing the deal, which has been under negotiation for years.

Starlink plans to invest approximately $112. 7 million in South African infrastructure to support the 16 countries of the Southern African Development Community. The company aims to conclude an agreement with South African authorities before the G20 summit in November, using local firms for construction.

This year, Bitcoin is breaking records, while most altcoins are experiencing a significant decline, having lost over $300 billion in market value. Bitcoin now accounts for 64% of the total market value of crypto assets.

In an interview with Fox News, Donald Trump called billionaire Elon Musk an "amazing guy" and "upset" because he "wasn't getting what he wanted. " This interview was recorded before Musk's latest critical posts regarding the tax bill were published.

Donald Trump said he has found a group of "very wealthy people" who are ready to buy TikTok. He awaits approval from China and President Xi Jinping, and will reveal names in about two weeks.

In the Serbian capital, Belgrade, clashes between protesters and police occurred during an anti-government rally, resulting in the arrest of nearly 80 people. Tens of thousands of people demanded early elections and the removal of President Aleksandar Vučić.

Vladimir Putin has announced cuts to military spending for the next three years after Kremlin officials warned Russia was on the verge of recession. This also comes amid record interest rates and inflation in the country.

Donald Trump said that a truce in Gaza is close and could be reached as early as next week. He noted that the US is intervening due to the death toll and is providing significant aid to the region.

A Tesla Model Y electric car independently drove from the factory to a customer's home in Austin, Texas, without a driver or remote control. The trip, which covered city roads and highways, demonstrates the company's progress in autonomous driving.