Global markets face uncertainty amid geopolitical tensions, US-Venezuela oil agreements, and ongoing legal battles over artificial intelligence intellectual property.

Music publishers, including Sony Music and Warner, have filed a major lawsuit against AI firm Anthropic, alleging widespread intellectual property theft in the development of its models.

The US administration has announced a new deal to source Venezuelan oil to replenish the Strategic Petroleum Reserve, partnering with a private firm linked to the Venezuelan government.

Chinese semiconductor giant CXMT has joined several other Chinese tech firms in suing the US Pentagon over its inclusion on government blacklists.

Federal Reserve Chairman Kevin Warsh faces increasing pressure regarding potential interest rate hikes, as investors weigh economic data against the threat of presidential intervention.

Delivery giant Meituan has returned to profitability in the second quarter, signaling a cooling in China’s intense food delivery price wars.

The UAE central bank has pledged to review the activities of Banque Misr branches following US Treasury accusations of the bank facilitating financial support to Iran.

Pakistan, Saudi Arabia, and Turkey are preparing for the inaugural meeting of their new joint Strategic Political and Defence Committee in Istanbul.

NASA successfully launched the Nancy Grace Roman Space Telescope from Florida, a mission designed to explore foundational mysteries in astrophysics and planetary discovery.

Chinese AI firm MiniMax significantly increased its cloud computing investment with Alibaba, raising its three-year spending ceiling to $1.2 billion to support intensive model training.