Tesla Reports Receiving Multiple Shareholder Proposals on XAI

The Gulf's twin petroleum heavyweights have lately been on a dealmaking binge. Yet this could leave them struggling to achieve a jumble of unrelated objectives

French President Emmanuel Macron announced Thursday that France will recognize Palestine as a state, in a bold diplomatic move amid snowballing global anger over people starving in Gaza. Israel denounced the decision.
A news reporter reports.

President Trump recently said his administration was "thinking about" removing capital gains taxes on home sales to help jump-start the sluggish housing market. The biggest beneficiaries of such a change will likely be longtime homeowners in the country's more expensive housing markets.

"What's interesting to me is that almost 1% rise for the small cap Russell 2000," a market analyst says. "That is an index that has been unloved and underrated and undervalued for a little bit too long, in my opinion."

The UK Financial Conduct Authority dropped an attempt to ban former Libor trader Tom Hayes from the banking industry days after the country's top court overturned his criminal conviction

From Epstein To Exponential Debt: Signs Of A System Unraveling

From Japan doing a deal on trade, to why Elon Musk says Tesla could hit a rough patch, this is the Week in Numbers

🇺🇸 FED CHAIR JEORME POWELL HAVE INFORMED MULTIPLE ASSOCIATES THAT HE WILL NOT RESIGN.

The euro rose to its highest level against the pound since late 2023, capping a two-month rally underpinned by the bloc's resilient growth and the prospect of limited further interest rate cuts

Democratic Party posts Biden-era price hikes in widely-mocked X post attacking Trump

Brazil scrambles as U.S. tariff deadline looms, talks stall

After a major cyberattack hit M&S earlier this year, another one has hit Microsoft. With geopolitical tensions rising, and AI making attacks easier than before, expect many more.

At their essence, quantitative restrictions on trade—such as import & export bans, licensing requirements, & tariff rate quotas—replace efficient price systems with bureaucratic controls & ration tickets, Gary Clyde Hufbauer & Ye Zhang write.

U.N. nuclear watchdog chief says Iran ready to restart technical conversations

Wu said that it has been learned that the Hong Kong stock company Modo Smart has announced the completion of the placement and subscription transaction, raising a net amount of approximately HKD 388 million, of which 50% will be used for the research and development of stablecoin and Blockchain payment systems. The company has completed its first Bitcoin investment on a certain trading platform and plans to apply for a Hong Kong stablecoin license, actively laying out Web3 infrastructure.

Trump predicts 50% chance of trade deal with EU

Blackstone just posted record-breaking results, pushing its total assets under management past $1.2 trillion for the first time. The company reported second-quarter revenues of $3.075 billion, up 22 percent from a year ago, beating analyst expectations.
Distributable earnings

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ECB picks new top adviser for Lagarde