Eyes

• The European Union has initiated negotiations to establish the legal framework and legislation required to introduce a digital euro. • The EU aims to finalize these regulatory rules by the end of 2026, paving the way for a pilot program involving approximately 40 banks and payment firms in 2027. • This initiative represents a strategic move toward digitizing the eurozone's currency, with a target for a full public rollout by 2029.

• Chinese AI startup DeepSeek is exploring a new funding round shortly after completing its first external fundraising effort of $7 billion. • The company intends to use the additional capital to expand its AI infrastructure, develop proprietary chips, and further increase its overall valuation. • This aggressive fundraising strategy highlights the intense competition and high capital requirements for scaling advanced AI capabilities.

• Donald Trump is positioning Turkiye as an indispensable ally and the cornerstone of his strategy to reshape the regional order. • This strategic bet persists despite ongoing disputes regarding Turkiye's acquisition of the Russian S-400 missile system. • Turkiye has already played a decisive role in shifting Transcaucasian geopolitics to sideline Russia and supported the US-Israeli effort against Iran by providing airspace for US aircraft.

• Thailand has emerged as the leader in Southeast Asia for short-drama in-app purchase revenue and ranks as the region's third-largest market for downloads, according to Sensor Tower. • TikTok Thailand is leveraging this trend by providing local content producers with distribution channels to reach new audiences through mini-dramas. • This shift is significant as mini-dramas are now one of the fastest-growing mobile entertainment categories, currently outperforming traditional over-the-top (OTT) streaming apps in downloads.

Leaders from Tonga, Samoa and Papua New Guinea to join Albanese at State of Origin decider. Follow today’s news liveGet our breaking news email, free app or daily news podcastAnthony Albanese will host a trio of Pacific prime ministers as he tries to bolster Australia’s regional influence amid the creeping threat of China, Australian Associated Press reports.The bilateral meetings with Papua New Guinea’s James Marape, Tonga’s Lord Fakafānua and Samoa’s La’auli Leuatea Schmidt will be followed by a Pacific rugby league event in Brisbane with all four leaders. Continue reading...

• Samsung is projected to achieve a record-high operating profit in the second quarter, fueled by surging demand for AI infrastructure and memory chips. • To sustain this growth, Samsung and SK Hynix have pledged a combined investment of 3,200 trillion won ($2.07 trillion) to expand chip production capacity in South Korea. • Samsung plans to execute its portion of this investment between 2026 and 2040, though SK Hynix has not yet provided a specific timeframe.

• SBS drama "Manager Kim," starring So Ji-sub, has achieved rapid success both in South Korea and globally. • The series surpassed the 20% viewership mark within four episodes, reaching national ratings of 21.6% and a peak instantaneous rating of 25.1%. • Internationally, the show ranked number one in 20 countries as of July 4, according to FlixPatrol data, maintaining top-two positions across major Asian markets including Japan and Vietnam.