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Category: 1 July 2025
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TRUMP APPROVES $510M SALE OF BOMB GUIDANCE KITS TO ISRAEL TO REPLENISH STOCKPILE AFTER WAR WITH IRAN
The U.S. on Monday announced the approval of $510 million in bomb guidance kit sales to Israel to help it replenish its stockpile after the recent war with Iran.
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RUSSIA TAKES LITHIUM DEPOSITS FROM DONETSK THAT WOULD HAVE BEEN PART OF MINERALS DEAL WITH U.S.
Russian forces now control a vast lithium deposit in the eastern part of Ukraine, which would have been used in the minerals deal that was reached between Kyiv and the Trump administration that sees the alkali metal as a top priority for national security in the future.
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RUSSIA SAYS IT IS IN CONTROL OF LUHANSK REGION AS IT CONTINUES TO SEE NEW BATTLEFIELD GAINS
The Russian military now completely occupies the entire Luhansk region in Ukraine, the Associated Press reported on Monday, citing Leonid Pasechnik, the Kremlin-installed leader in the region.
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CANADA’S ECONOMY EDGES TOWARD RECESSION
Canada’s GDP contracted by 0.1 percent in April, Statistics Canada reported, and said early indications are that the economy shrank by a similar amount in May.
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TESLA’S EUROPEAN SALES TUMBLE AGAIN IN MAY
In May, Tesla’s vehicle sales across Europe and the U.K. totaled just 13,863 units, down 28 percent year on year, the European Automobile Manufacturers Association reported.
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TRUMP CUTS OFF ALL TRADE NEGOTIATIONS WITH CANADA
On 27 June, Donald Trump announced the U.S. is immediately “terminating ALL discussions on Trade with Canada” after the U.S.’s northern neighbor is set to begin collecting a digital services tax on Internet companies, both Canadian and foreign.
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STABLECOINS FAIL KEY SAFETY TESTS, CENTRAL BANKS GROUP SAYS
Stablecoins currently “perform badly” on three key safety tests that would allow them to be used as currency, according to an analysis by the Bank for International Settlements (BIS), an organization serving the world’s central banks.
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GERMAN CONSUMER SENTIMENT SAGS
Households in Europe’s largest economy are feeling less confident about the country’s current economy, according to the newest consumer sentiment survey by thinktank GfK and the Nuremberg Institute for Market Decisions (NIMD).
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ELECTRIC UTILITIES INVESTING $200 BILLION IN NEW POWER INFRASTRUCTURE
U.S. power companies are on trend to invest $212 billion in new power plants and transmission lines this year to meet the ravenous demand for electricity among artificial intelligence (AI) data centers, according to an analysis by investment bank Jeffries Group.