Bloomberg L.P.
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.
Bitcoin fell 3. 2% to $117,386 after a record surge above $123,000. The pullback occurred amid optimism about US digital asset legislation and a rally in risk assets.
Germany has asked the administration of US President Donald Trump to provide Ukraine with two more Patriot missile batteries. German Defense Minister Boris Pistorius discussed this issue with US Secretary of Defense Pete Hegseth.
Iran and the US have failed to agree on the time, date, and location for resuming talks on Tehran's nuclear program. Iran will not return to negotiations without confidence in their effectiveness, demanding guarantees against future attacks.
China's coal imports in June 2024 reached their lowest level since February 2023, falling by 11% in the first half of the year. This is due to weak demand caused by the shrinking real estate market and a slowdown in heavy industry.
Gold prices rose to a three-week high, and silver approached a 14-year high, amid demand for safe-haven assets following Trump's tariff threats. Investors are awaiting US inflation data and a possible rate easing by the Fed.
The head of the Main Intelligence Directorate of the Ministry of Defense, Kyrylo Budanov, stated that North Korea supplies Russia with up to 40% of ammunition for the war in Ukraine. Pyongyang also sends ballistic missiles and artillery systems, receiving money and technology from Russia.
The head of the Main Intelligence Directorate of the Ministry of Defense, Kyrylo Budanov, stated that Russian troops have intensified their offensive, trying to break through the defense in the direction of Dnipropetrovsk Oblast. According to him, the Russians intend to enter the oblast 10 km deep to create a buffer zone.
Pope Leo XIV's childhood home in Dolton, a Chicago suburb, has been sold for $375,000, 70% higher than the initial asking price. The village of Dolton plans to turn it into a landmark in cooperation with the Archdiocese of Chicago.
Latvian Prime Minister Evika Siliņa stated that Ukraine will receive American Patriot air defense systems. This comes amid intensified Russian drone and ballistic missile strikes on Ukrainian territories.
Great Britain and France have agreed to jointly use their nuclear deterrence potential. This decision is a clear warning to the Kremlin and a response to threats from Russia.
Elon Musk's startup xAI has released Grok 4, a new flagship artificial intelligence model that, according to Musk, outperforms PhDs. Simultaneously, xAI introduced a new SuperGrok Heavy subscription for $300 per month, making it the most expensive on the AI market.
In central Texas, a search operation is ongoing for the sixth day after a sudden flood on July 4. 109 people have died, and over 160 are missing, mostly in Kerr County.
Hungarian company MOL considers the Odesa-Brody oil pipeline and sea deliveries as the best solution to reduce energy dependence on Russia. The project requires significant investment and political support, given the war in Ukraine.