China · Business
Same event, multiple sources, transparently cited.
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OPEC+ agrees to raise oil output by 188,000 barrels per day starting August 2026
OPEC+ members agreed on July 5, 2026, to increase oil production targets by 188,000 barrels per day beginning in August.
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Palantir reports 93% revenue rise in Q2 2026 and lifts full-year outlook
Palantir’s Q2 2026 revenue rose 93% to $1.94 billion, beating estimates, and it raised full-year revenue guidance to $8.15 billion–$8.16 billion.
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Bank of Japan keeps interest rate at 1% as yen intervention supports currency
The Bank of Japan held its benchmark interest rate at 1% on July 31 amid yen intervention and revised inflation forecasts.
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Uber to Acquire Delivery Hero for $14.8 Billion, Expanding Global Delivery Reach
Uber Technologies agreed to buy Germany’s Delivery Hero for $14.8 billion, gaining control of its delivery services in 50 markets worldwide.
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BMW to cut around 8,000 jobs globally by end of 2027, mainly in Germany
BMW announced plans to cut about 8,000 jobs worldwide by end-2027, focusing on German administrative staff through a voluntary redundancy program.
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Bank of Korea raises benchmark interest rate to 2.75% for first time since 2023
South Korea's central bank raised its key interest rate by 25 basis points to 2.75% on July 16, responding to inflation and strong economic growth.
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China's June 2026 exports rise 27% led by AI hardware amid strong global demand
China's exports surged 27% in June 2026, driven by AI-related products and semiconductor price hikes, while imports jumped 36%, posting a $125.6 billion trade surplus.
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Tesla’s Q2 2026 vehicle deliveries rise 25% to 480,126, beating estimates
Tesla delivered 480,126 vehicles worldwide in Q2 2026, a 25% increase that surpassed analyst forecasts.
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Meta launches cloud business to sell excess AI computing power and models
Meta Platforms plans a cloud business to sell AI compute power and models, competing with AWS, Microsoft Azure, and Google Cloud.
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Chinese chipmaker CXMT shares surge 470% in Shanghai STAR Market IPO debut
ChangXin Memory Technologies shares jumped about 470% on July 27, making it China’s most valuable listed company at 3.3 trillion yuan market cap.
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Fire at Fujian Jinjiang shoe factory kills 28, investigation underway
A fire on July 9 at Huiteng Shoes factory in Jinjiang, Fujian, killed 28 people and prompted a full investigation.
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EU top court upholds €4.1 billion antitrust fine on Google for Android abuses
The European Court of Justice dismissed Google's appeal to uphold a €4.1 billion EU fine over Android antitrust violations.
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US-Iran hostilities pause lowers oil prices; markets respond before renewed tensions
The US and Iran paused fighting in late July, easing oil prices and boosting US stocks before attacks resumed raising tensions.
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IBM shares tumble after Q2 revenue misses amid AI-driven IT spending shift
IBM reported lower-than-expected Q2 2026 revenue and earnings, citing AI infrastructure demand reshaping customer budgets, sending shares down 22-26%
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Pakistan-registered Boeing 737 cargo plane lost off Karachi after navigation failure
A Pakistan-registered Boeing 737-400 cargo plane operated by K2 Airways went missing near Karachi on July 7 after reporting navigation system failure.
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Ryanair passenger partially sucked out of window after mid-air decompression
A Ryanair flight from Greece to Germany returned after a cabin window detached, nearly pulling a 61-year-old passenger out mid-air.
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Samsung Electronics Q2 Operating Profit Soars 19-Fold to Record 89.4 Trillion Won
Samsung Electronics reported a record Q2 2026 operating profit of 89.4 trillion won, driven by strong AI memory chip demand.
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EU fines AliExpress €550 million for failing to block illegal and counterfeit products
The European Union fined Alibaba's AliExpress €550 million for not preventing the sale of illegal and counterfeit products, the largest penalty under the Digital Services Act.
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China's Q2 2026 GDP grows 4.3%, missing annual targets amid weak domestic demand
China's GDP rose 4.3% year-on-year in Q2 2026, the slowest pace since late 2022, falling short of official growth targets.
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US-Iran Talks Advance Toward Reopening Strait of Hormuz Amid Tensions
US and Iran-linked officials say a deal to reopen the Strait of Hormuz could be reached by August 5 after months of closure.
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Microsoft to cut 4,800 jobs, restructures Xbox division and divests four studios
Microsoft announced 4,800 global layoffs including 3,200 Xbox jobs, with major restructuring and divestment of four Xbox game studios.
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UK may intervene in Paramount's $110 billion Warner Bros Discovery takeover
UK government could refer Paramount's $110 billion Warner Bros Discovery takeover to antitrust regulator after raising concerns.
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Singapore Airlines and Air China sign MOU to expand joint venture and codeshare
Singapore Airlines and Air China signed an MOU June 29 to deepen partnership and expand codeshare flights and services between Singapore and China.
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Nearly One Million People Became Millionaires Globally in 2025, UBS Reports
Global personal wealth surged 10.8% in 2025, adding nearly one million new millionaires worldwide.