Loses

• The Supreme Court upheld a two-year prison sentence for Rep. Kweong Seong-dong of the People Power Party (PPP) on Thursday. • The ruling follows convictions for accepting illegal political funds sourced from the Unification Church. • As a result of the finalized prison term, Kweong has been stripped of his parliamentary seat.

• The Indian stock market closed with mixed results, as the BSE Sensex ended 100 points higher while the NSE Nifty50 remained flat. • Market volatility was driven by a combination of geopolitical developments, macroeconomic trends, crude oil fluctuations, and foreign institutional investor activity. • Despite the Sensex gain, broader markets and several sectoral indices declined, signaling widespread caution among investors.

• The KOSPI index surged by over 6%, closing in the high 7,200s, while the KOSDAQ index also rebounded to close above 820. • This significant market rally was driven by a strong influx of capital from both foreign and institutional investors. • The growth reflects a positive shift in investor sentiment toward South Korean equities, signaling a potential trend of continued recovery.

• IBM experienced its worst stock crash in 58 years, resulting in a $70 billion loss in market value following comments from CEO Arvind Krishna regarding the company's AI shortcomings. • The company reported stagnant growth for the quarter ending in June, with revenue increasing by only one percent to $17.2 billion. • The downturn is attributed to a shift in corporate spending, as businesses prioritized immediate cybersecurity defenses over the long-term projects IBM provides.

• IBM stock plummeted more than 25% following the company's preannouncement of its second-quarter (Q2) earnings results. • The sharp decline occurred as investors reacted negatively to the preliminary financial data released by the tech giant. • This collapse reflects significant market volatility and investor concern regarding IBM's current growth trajectory and financial health.

• Kate Middleton attended the closing of Wimbledon 2026 on July 13, 2026. • The Princess of Wales wore an elegant sage green dress designed by Emilia Wickstead for the event. • Her appearance marks a high-profile conclusion to the prestigious tennis tournament, blending sports and royal fashion.

• The U.S. Supreme Court concluded a historic term characterized by landmark opinions and a heavy reliance on the "shadow docket" for emergency rulings. • Key legal battles focused on the intersection of gun rights and property rights, specifically through cases such as US v. Hemani and Wolford v. Lopez. • The term's decisions are significant as they address critical national issues, including the definition of U.S. citizenship and the impact of political policies on judicial rulings.

• On July 9, the Indian stock market recovered from previous losses, with the Sensex closing 238.22 points (0.31%) higher at 76,741.82 and the Nifty gaining 80.75 points (0.34%) to settle at 23,962.80. • Market sentiment was bolstered by the IMF's reaffirmation of India as one of the world's fastest-growing major economies and an upgrade of its FY28 GDP growth forecast to 6.7%. • While global cues remained mixed—with gains in Japan's Nikkei and Singapore's Straits Times but losses in Hong Kong and Taiwan—domestic technical structures remained positive.

• The FTSE 100 closed up 0.13% at approximately 10,663 points on Tuesday, July 7, 2026, defying a broader downward trend across European markets. • Gains in Shell and financial stocks helped the index recover from Monday's 0.28% dip, offsetting a global sell-off in the semiconductor sector. • Market momentum was further supported by a £1.6 billion deal in which ITV agreed to sell its media and entertainment division to Comcast-owned Sky.

• On July 6, the Nasdaq rose driven by momentum in semiconductor and AI-linked stocks, while the Dow Jones Industrial Average closed above 53,000. • The rally was supported by a softer June jobs report indicating cooling labor demand, though services data suggests ongoing price pressures. • Market leadership remains narrow, with the broader rally's sustainability depending on upcoming inflation data, Treasury yields, and corporate earnings results.

• Major U.S. stock indexes ended Monday, July 6, 2026, higher following a holiday-shortened week. • The Dow Jones Industrial Average achieved a historic milestone, crossing the 53,000 mark for the first time to set both intraday and closing records. • The market surge was primarily driven by a rebound in shares tied to artificial intelligence (AI) technology.

Duke of Sussex and other prominent figures sued Associated Newspapers alleging it sourced stories using unlawful methods• Prince Harry court case - latest updatesThe Duke of Sussex and six other prominent figures have lost their attempt to sue the publisher of the Daily Mail over claims it sourced stories using an array of unlawful methods over two decades.In a ruling that is likely to signal an end to new litigation relating to the phone-hacking scandal, the high court dismissed all the claims, stating the claimants had not proved information had been obtained unlawfully. Continue reading...

• Indian benchmark indices closed higher on Monday, July 6, with the Sensex jumping 521 points and the Nifty 50 closing above 24,430. • The rally was primarily driven by a strong performance from HDFC Bank following a positive quarterly business update. • Investor sentiment was further bolstered by falling crude oil prices, easing geopolitical tensions, and improved monsoon forecasts.

• Wall Street closed at record levels with all three major US indexes ending higher: the Nasdaq Composite rose 1.12%, the S&P 500 jumped 0.72%, and the Dow Jones Industrial Average gained 0.29%. • Oil prices stabilized, returning to levels seen before the conflict in Iran, while global stocks rose 0.41% according to MSCI's gauge. • The ongoing AI boom continues to drive market momentum, highlighted by South Korean chipmaker SK Hynix launching a 43 trillion won ($28.07 billion) US share sale.

• The Indian stock market rose for the fourth consecutive day, with the Sensex gaining 520 points and the Nifty closing above 24,400. • Growth was driven by heavy rainfall increasing monsoon hopes, falling oil prices, easing geopolitical tensions, and a return of foreign institutional investors as net buyers. • These factors boosted overall market capitalization, with heavyweight stocks leading the advance and fueling positive investor sentiment.

• The Indian stock market saw a significant surge, with the Sensex jumping 521 points (0.67%) to close at 78,285 and the Nifty 50 rising 160 points (0.66%) to end at 24,430. • This rally resulted in investors earning ₹2 lakh crore in a single day, supported by gains in the Nifty Midcap 100 (0.45%) and Smallcap 100 (0.75%) indices. • Sectoral growth was led by Nifty Realty (1.81%), Consumer Durables (1.48%), and Auto (1.36%), driven by strong volume trends and expectations of healthy private bank earnings.

Exclusive: Finance experts warn against investing in bitcoin treasury companies after Stack BTC assets plungeA bitcoin company that Nigel Farage has advertised lost more than 15% of its asset value, prompting finance experts to warn investors against those types of firms.The Reform UK leader has invested £215,000 in a bitcoin treasury company named Stack BTC. A bitcoin treasury buys the cryptocurrency on behalf of its shareholders, and Stack aims to purchase other companies with the increase in value it gets from holding bitcoin. Continue reading...

• London-based Tapestry VC has closed its third fund, securing $80 million to invest in experienced European entrepreneurs. • The firm is specifically targeting "repeat founders," betting that the current wave of AI-driven exits will create a new generation of seasoned leaders. • This strategic focus aims to leverage the expertise of founders who have previously scaled companies or navigated successful exits.

• The Indian startup ecosystem ended June with significant activity, highlighted by Incuspaze raising Rs 150 crore and multiple AI startups securing fresh capital. • EBG Group signed a licensing deal with South Korea's POSCO International for the Daewoo brand, planning to invest Rs 100 crore over three years to open nearly 100 stores by 2027. • Maruti Suzuki further integrated innovation into its operations by selecting five startups for collaboration.

• On June 29, 2026, the Indian stock market saw a downturn with the Sensex falling 372 points to close at 76,728 and the Nifty 50 settling below the 24,000 mark. • Kotak Bank and Mahindra & Mahindra (M&M) were identified as the top losers during the trading session. • In a significant corporate development, the Boards of Directors for Power Finance Corporation (PFC) and REC approved a merger scheme between the two state-run power sector NBFCs.

Judge says ‘no legitimate forensic purpose’ to former Liberal staffer’s subpoena requesting footage, ahead of his Queensland trialGet our breaking news email, free app or daily news podcastFormer political staffer Bruce Lehrmann has lost a legal bid to access copies of all footage from a documentary featuring Brittany Higgins.Lehrmann had subpoenaed the producers of the documentary Silenced and signalled a possible attempt to ban its broadcast before his Queensland trial for rape. Continue reading...

• Chinese AI developers are rapidly narrowing the technological gap with the U.S., specifically with the emergence of the GLM-5.2 model. • The new model demonstrates advanced capabilities in cybersecurity, challenging the previous dominance of American AI systems in this critical sector. • This shift is expected to impact global AI stock valuations, pricing power for tech firms, and the trajectory of international regulatory frameworks.

As Labor pushes on with reforms, the Coalition must decide whether to join in the parliamentary deal-makingGet our breaking news email, free app or daily news podcastIt’s the last week of parliament before the winter break, and not a minute too soon; tensions have been running a little high lately.The lower house speaker, Milton Dick, has been yeeting MPs mere moments into question time and accused Angus Taylor of “demeaning” the parliament by calling Anthony Albanese a liar; Andrew Hastie claimed One Nation “has declared war on me, so they shall have war”; Labor has been goading the Coalition and its media “cheer squad” for opposing the budget; the Greens hate Labor’s NDIS bill; and people in the Coalition seem to be mad at everyone, including themselves. Continue reading...

• The U.S. Supreme Court issued a ruling on Thursday that restricts the ability of American citizens to sue pesticide manufacturers over alleged health harms caused by their products. • The decision is viewed as a significant legal setback for the "Make America Healthy Again" (MAHA) movement, which advocates for stricter chemical regulations and corporate accountability. • This ruling matters because it limits the legal recourse available to individuals seeking damages for pesticide-related illnesses, potentially shielding chemical companies from future litigation.

Florida immigration jail that became byword for cruelty and cost state taxpayers $1.2m a day shuts down after a yearRon DeSantis, Florida’s Republican governor, boasted on Thursday of deporting 21,000 people from Alligator Alcatraz, as he confirmed the closure of the notorious immigration jail hastily erected in the Everglades that became a byword for cruelty and human rights abuses and environmental damage.Standing beside Tom Homan, Donald Trump’s so-called border czar, at a press conference at the now dismantled site in Ochopee in the environmentally sensitive region in south Florida, DeSantis presented its year-long operation as a victory for the president’s aggressive immigration enforcement agenda. Continue reading...

• Progressive candidates Brad Lander, Claire Valdez, and Darializa Avila Chevalier secured Democratic nominations in the New York primaries. • In a key New York House district, Micah Lasher, a former aide to Representative Jerry Nadler, defeated Jack Schlossberg and Alex Bores. • The results signal a strong night for the progressive wing of the party, highlighted by the defeat of high-profile heir Jack Schlossberg.

• The Isle of Wight Festival concluded its four-day event, featuring a series of high-profile musical performances. • Headlining acts for the festival included popular artists Lewis Capaldi, Calvin Harris, and the legendary rock band The Cure. • The event served as a major cultural draw, bringing thousands of attendees to the island for a sun-soaked weekend of live music.

• Iran has closed the Strait of Hormuz on June 20, 2026, escalating regional tensions by blocking a critical global shipping lane. • Simultaneously, Tehran announced that a negotiating team is traveling to Switzerland to engage in diplomatic talks with the United States. • This dual action of military escalation and diplomatic outreach creates significant volatility for global energy markets and international security.