🔥 Top Stories
According to The Wall Street Journal, Bahrain and Kuwait secretly dispatched fighter jets to strike Iranian unmanned drone and missile storage facilities, with UAE providing air cover. This marks the first direct military retaliation by Gulf Arab states against Iran since the escalation of US-Iran tensions, signaling further regional tensions.
South Korean President Lee Jae-myung met with technology executives in San Francisco. NVIDIA CEO Jensen Huang announced a strategic partnership between NVIDIA and SK Group, with a collaboration scale reaching $500 billion. The partnership covers chip manufacturing and advanced technology cooperation between the two companies.
China and the Philippines clashed on June 24 in the South China Sea near Scarborough Shoal, with China's coast guard accused of spraying water cannons at Philippine government vessels. China countered that Philippine ships intruded into its territorial waters. This marks the third incident this week and second consecutive day of confrontation. US President Trump promised Philippine President Ferdinand Marcos that he will raise Manila's South China Sea concerns during his meeting with Chinese President Xi Jinping.
Taiwan's National Security Council Secretary-General Wu Chao-hsieh stated that China's recent live-fire exercises across the Taiwan Strait, East China Sea, and South China Sea are intended to threaten Japan, Taiwan, and the Philippines simultaneously. National security officials analyze that China is escalating regional tensions to create favorable conditions for the September 24 Trump-Xi meeting, contradicting Beijing's stated commitment to strategic stability.
Taiwan's Taichung District Prosecutors Office is investigating China United Oil & Fat Company's carcinogenic benzopyrene contamination case. On the 25th, prosecutors requested detention of Taishan Enterprise's former CEO Shen Yijun and current CEO Cai Guoliang for violating the Food Safety and Sanitation Management Act. The third wave of searches was conducted, while a plant manager surnamed Zhang was released on bail of NT$5 million.
🏛 Politics
Russia launched a ballistic missile attack on Kyiv on the 24th, striking a defense industry exhibition venue and killing at least 10 people while injuring nearly 100 others. Ukrainian President Zelenskyy subsequently issued a statement criticizing the exhibition's organization, with authorities investigating potential responsibility issues.
Belgian authorities have arrested a Chinese-Canadian woman suspected of conducting espionage activities during her internship at NATO's Supreme Headquarters Allied Powers Europe (SHAPE). The case involves national security concerns and alleged intelligence leaks. Belgian investigators are currently conducting further inquiries into the matter.
According to The Wall Street Journal, Bahrain and Kuwait secretly dispatched fighter jets to strike Iranian unmanned drone and missile storage facilities, with UAE providing air cover. This marks the first direct military retaliation by Gulf Arab states against Iran since the escalation of US-Iran tensions, signaling further regional tensions.
According to the Wall Street Journal, Bahrain and Kuwait secretly dispatched fighter jets to strike targets within Iranian territory, marking the first such direct military action by both nations against Iran. This development signals escalating tensions in the Persian Gulf region amid heightened Middle Eastern geopolitical instability.
The United States conducted missile strikes targeting multiple locations across Iran today. President Trump vowed major military punishment against Tehran and its Houthi allies, while reiterating that diplomatic solutions remain a possibility, leaving room for potential negotiations to resolve the escalating tensions.
China and the Philippines clashed on June 24 in the South China Sea near Scarborough Shoal, with China's coast guard accused of spraying water cannons at Philippine government vessels. China countered that Philippine ships intruded into its territorial waters. This marks the third incident this week and second consecutive day of confrontation. US President Trump promised Philippine President Ferdinand Marcos that he will raise Manila's South China Sea concerns during his meeting with Chinese President Xi Jinping.
Taiwan's National Security Council Secretary-General Wu Chao-hsieh stated that China's recent live-fire exercises across the Taiwan Strait, East China Sea, and South China Sea are intended to threaten Japan, Taiwan, and the Philippines simultaneously. National security officials analyze that China is escalating regional tensions to create favorable conditions for the September 24 Trump-Xi meeting, contradicting Beijing's stated commitment to strategic stability.
Taiwan's Taichung District Prosecutors Office is investigating China United Oil & Fat Company's carcinogenic benzopyrene contamination case. On the 25th, prosecutors requested detention of Taishan Enterprise's former CEO Shen Yijun and current CEO Cai Guoliang for violating the Food Safety and Sanitation Management Act. The third wave of searches was conducted, while a plant manager surnamed Zhang was released on bail of NT$5 million.
According to The Wall Street Journal, Kuwait and Bahrain secretly launched fighter jets earlier this month to conduct airstrikes on Iranian military facilities. This marks the first direct military retaliation by both nations against Tehran, reflecting the complex situation Arab countries face in the prolonged Middle Eastern conflict. The United Arab Emirates provided behind-the-scenes support for the operations.
The PLA issued a navigation warning on the 23rd, announcing live-fire exercises in the Taiwan Strait on the 23rd and 24th. Taiwan's Ministry of Defense reported on the 25th that 29 PLA aircraft sorties were recorded between 6 AM on the 24th and 6 AM on the 25th, with multiple PLA naval vessels and government ships operating in the Taiwan Strait area.
💰 Finance
The US Trade Representative announced on the 23rd the implementation of tariffs under Section 301 of the Trade Act of 1974. Taiwan-origin products will face a minimum tariff rate of 10%. The US simultaneously released five exemption conditions allowing qualifying goods to receive tariff relief. This measure impacts Taiwan's exports to the US, requiring businesses to assess their response strategies.
South Korean companies Samsung Electronics and SK Hynix announced historic chip collaboration agreements with US technology partners, totaling approximately $95 billion (1,375 trillion Korean won). SK Group signed a comprehensive partnership with Nvidia worth over $50 billion, including plans to build an AI factory in South Korea and develop next-generation AI memory. The agreements represent a significant deepening of global AI supply chain strategies.
The Trump administration imposed new tariffs of 10-12.5% on 60 trading partners on the 24th, citing insufficient enforcement of forced labor prohibitions. Taiwan and the EU received a 10% rate without stacking on existing most-favored-nation tariffs, more favorable than Japan and South Korea's 12.5%; China's effective rate reached 22.2% after stacking.
Following nearly a month of controversy over carcinogenic oil contamination at China United Oil, three major shareholders—chairmen from Taishan, Fushuo, and Fumo Oil—publicly apologized. The companies committed to removing all salad oil produced between April and June from shelves permanently, regardless of test results. China United Oil will remain closed until consumer concerns are fully addressed.
Eurozone economic activity expanded for the first time in four months during July. The S&P Global Eurozone Composite PMI rose from 50 in June to 51.9 in July, marking a five-month high and exceeding analyst expectations of 50.3. The expansion was driven primarily by a rebound in new orders. However, elevated inflation and renewed Middle East tensions pose risks to the economic outlook. PMI readings above 50 indicate economic expansion.
Japan's core inflation rate, excluding fresh food, rose to 1.6% year-on-year in June, marking the first acceleration in three months. This data strengthens the case for monetary tightening by the Bank of Japan. Reuters reports the central bank may maintain its inflation outlook warning next week, though risks are not expected to increase significantly.
The U.S. Department of Defense announced on the 23rd that it has signed a contract with Oracle Corporation with a maximum duration of 10 years and a value of approximately 7 billion dollars. The agreement consolidates Oracle contracts previously scattered across various Pentagon units into a single unified agreement, providing significant positive news for Oracle, whose stock price has struggled this year.
The Trump administration announced on the 23rd that it will impose new tariffs of at least 10% on 60 economies based on the U.S. Trade Representative's investigation into forced labor practices. The measures take effect on the 24th at 12:01 AM, replacing expiring 10% global tariffs. This represents a major step in rebuilding the tariff system following the Supreme Court's earlier invalidation of the "Liberation Day" tariffs.
Asian markets weakened on the 24th, with South Korea's Kospi index falling 5.7% and Japan's Nikkei 225 index dropping over 1,800 points. Market concerns about AI investment returns, combined with surging oil prices reigniting inflation worries, triggered simultaneous declines in both stock and bond markets.
Despite market concerns about tariffs, geopolitical conflicts, and rising US debt prompting the "Sell America" investment theme, latest Treasury Department data reveals international capital has not withdrawn from US assets. Instead, foreign investors continue increasing their US stock positions, maintaining equities' dominant role in global portfolios. The anticipated capital exodus has not materialized as markets predicted.
💻 Technology
Intel reported Q2 fiscal 2026 results with total revenue of $16.128 billion, up 25% year-over-year, marking the fastest growth in 15 years. Data Center and AI segment revenue reached $6.262 billion, surging 59% annually. As AI development shifts from model training to inference and multi-agent applications, server CPU demand is rapidly recovering, challenging market assumptions that GPU growth would diminish CPU relevance.
US brain-computer interface startup Science Corp. announced that its PRIMA retinal implant has received CE certification from the European Union, approved for sale in 30 European countries. This marks the first brain-computer interface device globally to obtain European regulatory approval and the first large-scale commercial launch by a US BCI company. The PRIMA system can help patients with geographic atrophy caused by age-related macular degeneration restore central vision, representing a significant milestone in BCI commercialization.
South Korean President Lee Jae-myung met with technology executives in San Francisco. NVIDIA CEO Jensen Huang announced a strategic partnership between NVIDIA and SK Group, with a collaboration scale reaching $500 billion. The partnership covers chip manufacturing and advanced technology cooperation between the two companies.
According to Reuters, Nvidia and South Korea's SK Group announced a strategic AI partnership exceeding 500 billion dollars. The collaboration encompasses development of next-generation HBM4 high-bandwidth memory chips and AI data center infrastructure. The initiative aims to strengthen both companies' technological capabilities and market positioning in the artificial intelligence sector.
NVIDIA announced a $1 billion investment in Naver, a South Korean internet and cloud services company, to support the financing of its AI data center construction. This investment represents another strategic move by NVIDIA in its recent series of deals, demonstrating the company's continued expansion of AI infrastructure partnerships across Asia.
Nvidia and South Korea's SK Group announced a collaboration plan exceeding 500 billion dollars on Friday. The partnership includes establishing a long-term relationship with SK Hynix to secure memory supply and jointly developing high-bandwidth memory for AI training and applications. Additionally, SK Telecom plans to build a 2GW AI data center utilizing Nvidia's Vera Rubin chips and SK Hynix's HBM4 memory.
The rise of agentic AI is transforming the internet landscape. Multiple cybersecurity firms report that bot activity now exceeds human user activity online. This shift indicates that robots are increasingly dominating the digital economy, prompting significant changes to online business models and internet dynamics.
Israel's AI policy leader Erez Askal is lobbying Taiwan Semiconductor Manufacturing Company, Samsung Electronics, and Intel to establish manufacturing facilities in Israel for 2-nanometer and advanced-process chips. He is simultaneously promoting a data center cluster initiative aimed at deploying 100,000 GPUs within five years to strengthen Israel's AI infrastructure.
NVIDIA has signed a $1.5 billion agreement with US packaging company Amkor Technology to expand advanced chip packaging capacity in Arizona. The two companies will jointly develop packaging technologies for NVIDIA's artificial intelligence and accelerated computing platforms. Following the announcement, Amkor's stock price surged approximately 12% in early trading on the 24th.
AMD announced the launch of ROCm.ai, an AI-native software platform designed specifically for AMD platforms. The platform integrates AI-assisted development, intelligent deployment, and software optimization into a unified experience, helping developers accelerate the journey from concept to production applications.
🌏 International
China and the Philippines clashed on June 24 in the South China Sea near Scarborough Shoal, with China's coast guard accused of spraying water cannons at Philippine government vessels. China countered that Philippine ships intruded into its territorial waters. This marks the third incident this week and second consecutive day of confrontation. US President Trump promised Philippine President Ferdinand Marcos that he will raise Manila's South China Sea concerns during his meeting with Chinese President Xi Jinping.
Taiwan's National Security Council Secretary-General Wu Chao-hsieh stated that China's recent live-fire exercises across the Taiwan Strait, East China Sea, and South China Sea are intended to threaten Japan, Taiwan, and the Philippines simultaneously. National security officials analyze that China is escalating regional tensions to create favorable conditions for the September 24 Trump-Xi meeting, contradicting Beijing's stated commitment to strategic stability.
Taiwan's Taichung District Prosecutors Office is investigating China United Oil & Fat Company's carcinogenic benzopyrene contamination case. On the 25th, prosecutors requested detention of Taishan Enterprise's former CEO Shen Yijun and current CEO Cai Guoliang for violating the Food Safety and Sanitation Management Act. The third wave of searches was conducted, while a plant manager surnamed Zhang was released on bail of NT$5 million.
According to The Wall Street Journal, Bahrain and Kuwait secretly dispatched fighter jets to strike Iranian unmanned drone and missile storage facilities, with UAE providing air cover. This marks the first direct military retaliation by Gulf Arab states against Iran since the escalation of US-Iran tensions, signaling further regional tensions.
According to the Wall Street Journal, Bahrain and Kuwait secretly dispatched fighter jets to strike targets within Iranian territory, marking the first such direct military action by both nations against Iran. This development signals escalating tensions in the Persian Gulf region amid heightened Middle Eastern geopolitical instability.
South Korean President Lee Jae-myung met with technology executives in San Francisco. NVIDIA CEO Jensen Huang announced a strategic partnership between NVIDIA and SK Group, with a collaboration scale reaching $500 billion. The partnership covers chip manufacturing and advanced technology cooperation between the two companies.
The United States conducted missile strikes targeting multiple locations across Iran today. President Trump vowed major military punishment against Tehran and its Houthi allies, while reiterating that diplomatic solutions remain a possibility, leaving room for potential negotiations to resolve the escalating tensions.
According to Reuters, Nvidia and South Korea's SK Group announced a strategic AI partnership exceeding 500 billion dollars. The collaboration encompasses development of next-generation HBM4 high-bandwidth memory chips and AI data center infrastructure. The initiative aims to strengthen both companies' technological capabilities and market positioning in the artificial intelligence sector.
According to The Wall Street Journal, Kuwait and Bahrain secretly launched fighter jets earlier this month to conduct airstrikes on Iranian military facilities. This marks the first direct military retaliation by both nations against Tehran, reflecting the complex situation Arab countries face in the prolonged Middle Eastern conflict. The United Arab Emirates provided behind-the-scenes support for the operations.
The PLA issued a navigation warning on the 23rd, announcing live-fire exercises in the Taiwan Strait on the 23rd and 24th. Taiwan's Ministry of Defense reported on the 25th that 29 PLA aircraft sorties were recorded between 6 AM on the 24th and 6 AM on the 25th, with multiple PLA naval vessels and government ships operating in the Taiwan Strait area.
Russia launched a ballistic missile attack on Kyiv on the 24th, striking a defense industry exhibition venue and killing at least 10 people while injuring nearly 100 others. Ukrainian President Zelenskyy subsequently issued a statement criticizing the exhibition's organization, with authorities investigating potential responsibility issues.
Belgian authorities have arrested a Chinese-Canadian woman suspected of conducting espionage activities during her internship at NATO's Supreme Headquarters Allied Powers Europe (SHAPE). The case involves national security concerns and alleged intelligence leaks. Belgian investigators are currently conducting further inquiries into the matter.
Warplanes from Bahrain and Kuwait conducted airstrikes against Iran earlier this month, marking a rare retaliatory military action in the Gulf region. The strikes reflect Arab nations' response to an ongoing conflict that threatens to deepen their involvement in the escalating tensions.
Authorities in Madrid are battling what officials describe as the worst fire in the region's history, while French firefighters combat a separate blaze advancing toward Bordeaux. The dual fire emergencies have prompted the evacuation of more than 140,000 people across France and Spain. Firefighting efforts continue as the fires threaten populated areas in both countries.
President Trump is threatening to intensify bombing campaigns against Iran while Tehran's militia allies are expanding military operations. The escalating military confrontation between the two sides in the Middle East creates a cycle of mutual escalation, raising international concerns about potential regional conflict expansion.
📰 Other
Japan is experiencing extreme heat as a high-pressure system dominates the region, particularly affecting the Tokai and Kansai areas. Prefectures including Mie, Gifu, Shizuoka, and Aichi recorded temperatures exceeding 40°C today, marking an unprecedented five-day streak of temperatures above 40°C. This represents a rare extreme weather event in Japan's meteorological records.
Typhoon Hongxia's outer circulation brought strong winds, waves, and intermittent heavy rain to eastern and southern Taiwan. Medical ship services in Pingtung's Xiaoliuqiu suspended operations; coast guard conducted emergency medical evacuation yesterday. Typhoon warning lifted this morning, but Hengchun Peninsula and Taitung still experience strong winds, long waves, and intermittent rain. Northern Taiwan faces föhn winds and temperatures potentially exceeding 36°C due to southeast wind subsidence effects. Authorities advise public vigilance.
Taiwan's Central Weather Administration issued a heavy rain alert on the 25th for 10 counties and cities. Influenced by typhoon outer circulation and afternoon convective cloud development, Taitung, Pingtung mountainous areas, and the Hengchun Peninsula face localized heavy to torrential rain, while Taoyuan to Miaoli, Yunlin, Changhua, Nantou, Pingtung, Hualien, Green Island, and Orchid Island may experience localized heavy rain. Authorities warn of lightning strikes and strong gusts, urging caution against landslides, rockfalls, and flash flooding in mountainous areas and water accumulation in low-lying regions.