Does it really matter if the instrument curtailing liberty is a monarch or a popularly elected legislature?
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NETANYAHU: IDF WILL STAY IN LEBANON UNTIL HEZBOLLAH NO LONGER A THREAT
Israeli Prime Minister Benjamin Netanyahu said Tuesday that the IDF will remain inside Lebanon for as long as necessary, and until Hezbollah is no longer a threat – which stands in contradiction of the memorandum of understanding (MOU) signed between Washington and Tehran as a framework to permanently end the war.
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“THE AMAZON OF CHINA” WILL REPLACE DELIVERY PEOPLE WITH ROBOTS
JD.com, China’s equivalent of Amazon in the U.S., has signed contracts with 120 vocational schools to retrain its 700,000 delivery couriers, who are going to be replaced by robots, founder Richard Liu told the Financial Times.
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AI WINS ITS FIRST LAWSUIT
Garfield AI, Britain’s first AI-based law firm approved by the U.K.’s Solicitors Regulation Authority, has won a lawsuit after using AI and no lawyers to prepare its case.
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AI IS INFLATION’S LATEST DRIVER
Oil prices have fallen and Donald Trump’s tariffs have had less inflationary impact than expected, but inflation is alive and well thanks to the relentless buildout of AI infrastructure.
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RISKS TO THE GLOBAL FINANCIAL SYSTEM ARE RISING, BANK SAYS
Spiraling government debt, creeping inflation, and AI investment mania are among the growing risks to the stability of the world’s financial system, the Bank for International Settlements (BIS) said in its annual economic report.
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SPECIAL REPORT: KEY EUROPEAN ECONOMIES IN DRAGFLATION
Dragflation, a Top Trend 2025, is an economic tailspin in which economic output shrinks while prices continue to rise.
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EUROPE’S ENERGY PRICES SOAR WITH TEMPERATURES
With the continent gripped by a historic heatwave, energy grids are failing under record demand, and utility companies are seeing their fuel prices rise as much as 500 percent.
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EURO FALLS TO 12-MONTH LOW AGAINST THE U.S. DOLLAR
The euro, previously expected to rise to $1.20 in value this year as investors shied away from the dollar, fell to $1.1350 on 25 June, its lowest level in a year and down 2.6 percent in June alone.
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CONSUMER SENTIMENT CREEPS HIGHER IN JUNE
Americans’ feelings about the U.S. economy brightened slightly in late June, according to the University of Michigan’s twice-monthly survey of consumer sentiment.