Ukrainian drones struck the Omsk oil refinery in Siberia on Monday, marking one of the longest-range strikes of the war, according to the Ukrainian General Staff. The facility, which processes approximately 460,000 barrels of oil per day, is located roughly 2,700 kilometers (1,700 miles) from Ukrainian-held territory. While Russian authorities confirmed the attack, regional governor … Read more
Three sons of the late Supreme Leader Ayatollah Ali Khamenei—Mostafa, Meysam, and Masoud—appeared at public funeral prayers in Tehran on July 5, 2026, to honor their father, who was killed in a joint U.S.-Israeli airstrike on February 28. While other family members were present, Mojtaba Khamenei, who has succeeded him as Iran’s supreme leader, remained … Read more
Foxconn, the world’s largest contract electronics manufacturer, reported a 39.8% year-on-year revenue increase for the second quarter, reaching T$2.513 trillion ($78.71 billion). According to the company’s official statement, the surge was driven primarily by strong demand for artificial intelligence hardware, cementing its position as Nvidia’s biggest server maker. Why AI demand is driving Foxconn’s growth … Read more
The Dutch military is investing tens of millions of euros in a three-year partnership with drone technology firm Intelic to develop a common software platform. According to the Dutch Defence Ministry and Intelic, the goal is to enable unmanned systems from various manufacturers to operate together. Why is drone software becoming more important than hardware? … Read more
The British government has signaled a potential intervention in the $110 billion merger between Paramount Skydance Corp and Warner Bros. Discovery, citing concerns over media plurality and the regulation of on-demand streaming services. According to a statement from the UK government, Culture Minister Lisa Nandy has set a July 6 deadline for the companies to … Read more
Roche has launched its Axelios gene sequencer, a new platform designed to perform large-scale DNA and RNA analysis, marking the company’s attempt to compete with industry leader Illumina. Roche aims to sell about 100 machines within the first year, targeting academic and research institutions to build a foundation for long-term growth in the $7.3 billion … Read more
A magnitude 6 earthquake struck the Hindu Kush region of Afghanistan on Saturday, with tremors felt as far as the capital, Kabul, and across the border into Pakistan. While the Afghanistan National Disaster Management Authority reported no immediate casualties or damage, a separate magnitude 5.4 earthquake in Pakistan earlier that day resulted in more than … Read more
International rescue teams have arrived in Venezuela following twin earthquakes that killed more than 900 people this week. As of Saturday, 1,600 foreign responders have landed to assist in search and recovery efforts, with 25 additional flights expected within 24 hours. Government officials have tightened access to the hardest-hit areas, including La Guaira, while reporting … Read more
Indonesia is preparing to scale back President Prabowo Subianto’s flagship free meals programme, with officials weighing a budget cut of more than $2 billion and reductions in both kitchens and beneficiaries. According to two sources and an internal presentation, the National Nutrition Agency (NNA) is targeting a reduction of at least 15% to address mounting … Read more
Oil prices for Brent and WTI crude reached their lowest levels since February 27 as Middle Eastern supply returns to the global market. According to Reuters, rising expectations of increased oil flow through the Strait of Hormuz are outweighing record-low U.S. crude stocks, pushing Brent to $72.52 and WTI to $69.32 per barrel. Why are … Read more