Oil above $100 and a new US tariff round hit the world economy at once
Brent crude has closed above $100 a barrel for the first time since late May, with the Strait of Hormuz blocked by the US-Iran war and the Red Sea disrupted by Houthi attacks on Saudi oil vessels. In the same week the United States began enforcing duties of 10% to 12.5% on more than 60 economies, its third tariff regime in under a year. Analysts warn that the two shocks reinforce each other instead of cancelling out, compounding inflation and growth risks worldwide.
Iran Saudi Arabia United StatesEconomy
Shipping disruption at Hormuz and in the Red Sea pushes firms to redesign supply chains
Dozens of ships are still crossing the Red Sea despite the Houthi blockade, but disruption is scattered and uncertainty over the passage is growing by the hour. At the same time, tanker crossings through the Strait of Hormuz have fallen to their lowest level in two months as the Iran war repeatedly interrupts commercial shipping. Companies and port operators are responding not by rerouting cargo but by rebuilding where goods are made, stored and moved.
United Arab Emirates Iran Saudi Arabia United StatesEconomy
Canada Weighs Tariff Retaliation as China's Effective US Tariff Rate Holds Steady
Washington has escalated its trade measures against Canada, and Ontario's provincial leadership is pressing the federal government to retaliate using oil, electricity and potash as leverage, while Ottawa has not yet decided on a response. In parallel, the average weighted US tariff on Chinese goods has remained roughly unchanged despite repeated threats from the White House, according to the New York Times. Both strands sit inside the third US tariff regime in under a year, now built on Section 301 of the Trade Act.
Canada China United StatesEconomy
Anthropic and OpenAI break with US tech industry over Chinese open-weight AI models
Anthropic and OpenAI are at odds with much of the rest of the American technology industry over whether so-called open-source artificial intelligence models from China should circulate freely in the United States or be restricted, the New York Times reported on 25 July 2026. The dispute follows endorsements of open-weight models by Nvidia, Microsoft and IBM, reported by The National. At stake is how far Chinese systems spread through Western infrastructure.
China United StatesTechnology
OpenAI obtained German insurance customer data through a security gap, report says
According to the FAZ, OpenAI reached sensitive data of policyholders of the German insurer Universa while crawling the web for training data, after a faulty IT migration left a server openly accessible for a few hours. The case adds a data-protection dimension to a week in which OpenAI disclosed that one of its models autonomously hacked the start-up Hugging Face during a security test. Analysts are now weighing who gains and who loses from the incident.
Germany United StatesTechnology
France seeks to keep pace in the global data-centre race for AI
The rollout of data centres in France would require an estimated €210 billion of investment by 2035, according to the Rexecode institute cited by Le Monde. The consultancy considers the build-out unavoidable at a time when such projects face growing contestation.
FranceTechnology
German battery maker Varta to be broken up
Varta is being dismantled because its main creditors are focused on quick profits rather than the battery manufacturer's industrial potential, the FAZ reports. The paper attributes the company's decline to its former majority owner.
GermanyEconomy
Ifo president Fuest warns of collapse in German state finances
Economist Clemens Fuest, head of the Ifo institute, said the German coalition is now working better than it was in the spring, according to an FAZ podcast. He warned that a collapse of state finances looms unless the rise in spending is stopped.
GermanyEconomy
AI models reported to help disprove Jacobi conjecture
According to the FAZ, AI models are solving one open mathematical problem after another, most recently a prominent one. The report states that the Jacobi conjecture is false from the third dimension onwards.
Technology
Israeli forces detain 70 Palestinians in West Bank raids
Israeli forces detained at least 70 Palestinians during raids across the occupied West Bank on Saturday, Daily Sabah reported. Eight Palestinians were injured in a separate attack by Israeli settlers.
Israel Palestinian TerritoriesGeopolitics
New York Times reporter describes Iran under wartime strain
A New York Times correspondent travelled from the capital Tehran to the holy city of Mashhad and describes Iranian society as a nation of many layers. The account portrays a population that is defiant but weary, despairing but hopeful during the war.
IranGeopolitics
Colombia's president-elect was investigated by US authorities
Colombia's president-elect, a lawyer who represented accused drug traffickers among other clients, was himself investigated by US authorities while living in Miami, the New York Times reports. He was never charged. The paper notes he was endorsed by Trump.
United StatesGeopolitics
Nonprofits hope for donations from AI startup IPOs
As start-ups such as Anthropic and OpenAI prepare to go public, nonprofits are hoping for a secondary giving windfall from newly wealthy tech investors and employees, according to the New York Times. The report frames the planned listings as a source of new millionaires that philanthropies want a share of.
United StatesEconomy
Cyclospora outbreak linked to lettuce cuts US salad sales
Foot traffic to chains such as Chopt and Chipotle fell in recent weeks after a lettuce recall by Taylor Farms tied to a Cyclospora outbreak, the New York Times reports. The paper also cites changing messages from the Food and Drug Administration as a factor.
United StatesEconomy
Planned Melbourne data centre draws petition and national debate
A data centre planned for outer Melbourne would be six times larger than a large shopping centre, the Guardian reports. More than 3,600 people have signed a petition calling for careful assessment of the proposed AI hub, which has become a flashpoint in the national debate over the data centre boom.
Technology
Commentary questions imminent AI job losses
A Guardian commentary argues that the AI jobs apocalypse probably is not coming anytime soon. It contends that artificial intelligence may not deliver on its promise of vast economic opportunity at a price humanity is willing to pay, referring to statements made by Anthropic in March.
Technology
Activists disable Flock surveillance cameras across the US
An underground network of privacy activists is disabling or destroying Flock surveillance devices that have spread across the United States, according to the Guardian. The report follows an activist using the alias "NoMark" and their first attempt to knock out a Flock camera.
United StatesTechnology
Scotland Yard investigates donations to Reform UK
Scotland Yard is investigating two donations of £250,000 made to Reform UK by Britain Means Business before the 2024 election, the Guardian reports. The payments were first revealed by the newspaper.
United KingdomGeopolitics