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Jensen Huang, CEO of Nvidia, speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025.

REUTERS

US will end restrictions of AI chips exports to China, says Nvidia

The US-based chipmaker Nvidia is on a hot streak. After becoming the first ever company to be valued at $4 trillion, the firm said that the Trump administration ended its export limits on US-made H20 artificial-intelligence chips to China. The initial White House decision to curtail these exports, made in April, came after the Chinese firm DeepSeek released a powerful AI model that required far less computer power than its American cousins. Nvidia CEO Jensen Huang argued that these restrictions were counterproductive, because they spurred Chinese firms to develop their own chip industry. His argument appears to have resonated, and shares in Nvidia shot up 4% on Tuesday morning.

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Malibu, California, USA: A pickup truck with a President Donald Trump decal and decorated in U.S. Flags drives on Pacific Coast Highway on July 4th in Malibu, California.

(Credit Image: © Jonathan Alcorn/ZUMA Press Wire)
Nearly six months into President Donald Trump’s second term, the most notable export from the United States in 2025 has been political risk. As was evident from the earliest executive orders on foreign policy and trade policy, the administration has set for itself an ambitious, aspirational agenda. From Greenland to Iran, Ukraine and Brazil, the Trump 2.0 wish list is expansive and numerous. The world has been put on notice that nowhere will go unconsidered.
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French Prime Minister Francois Bayrou speaks during a news conference to present a major public finance recovery plan in Paris, France, July 15, 2025.

REUTERS

€40 billion: French Prime Minister François Bayrou is set to present a 2026 budget Tuesday that aims to cut the size of the country’s 2026 annual deficit by €40 billion ($46.7 billion). However, all opposition parties are expected to reject the proposal – and that could spell the end for Bayrou’s minority government.

12: Hong Kong’s pro-democracy dissidents aren’t going to go gentle into that good night. Twelve of them have appealed their recent subversion convictions in a move that shines a fresh light on Beijing’s anti-democracy crackdown in the city. The case, which challenges China’s draconian 2021 national security law, is drawing international attention: foreign diplomats from over six countries were present at the trial. The appeals are expected to take 10 days.

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Chelsea players celebrate next to US President Donald Trump after beating Paris Saint-Germain in the Club World Cup final at MetLife Stadium in East Rutherford, New Jersey, on July 13, 2025.

Kyodo via Reuters Connect

On a muggy afternoon in New Jersey yesterday, a London-based, American-owned soccer club beat a Qatari-owned, French-based one to win the Club World Cup final, as Chelsea defeated Paris Saint-Germain 3-0. US President Donald Trump not only watched, but came down to the field for the trophy ceremony himself.

The United States hosted the tournament, which featured the world’s top soccer clubs, as a dress rehearsal for next year’s World Cup, which will pit national teams against each other in matches taking place across the US, Mexico, and Canada. As we look ahead to that tournament, the most-watched sporting event in the world, what did we learn from this year’s club tournament?

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Servicemen from the mobile air defence unit of the 115th Separate Mechanized Brigade of the Ukrainian Armed Forces fire a ZU-23-2 anti-aircraft cannon towards a Russian drone during an overnight shift, amid Russia's attack on Ukraine, in Kharkiv Region, Ukraine June 2, 2025.

REUTERS/Sofiia Gatilova/File Photo

Trump to unveil major new arms support for Ukraine

Apparently fed up with Russian President Vladimir Putin’s unwillingness to pause an intensified air and ground offensive against Ukraine, US President Donald Trump says Washington US will provide Kyiv with Patriot missile systems and other powerful weapons. To skirt the need for approval from Congress, where support for Ukraine is contentious, Trump says the US will sell the weapons to NATO allies, who will then dispatch them to Ukraine. The package may also include long-range missiles. This is all bad news for Russia, which seems to be hoping that its relentless airstrikes will break the military stalemate and force concessions from Kyiv in eventual ceasefire talks.

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Nigeria's President Muhammadu Buhari arrives for the Summit of Heads of State and Governments of the Lake Chad Basin Commission (LCBC) at the presidential wing of the Nnamdi Azikiwe International Airport Abuja, Nigeira June 11, 2015.

REUTERS/Afolabi Sotunde
82: Former Nigerian leader Muhammadu Buhari, who led Africa’s most populous country both as both coup-leader and democratically-elected president, has died at the age of 82. Buhari first seized power in a coup in 1983, but was ousted after just 20 months. He eventually converted to supporting democracy, and became the first opposition leader in Nigeria to defeat an incumbent when he won the 2015 election.
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Myanmar's military chief Senior General Min Aung Hlaing leaves after a military parade on Victory Day, marking the 80th anniversary of the victory over Nazi Germany in World War Two, in Red Square in central Moscow, Russia, May 9, 2025.

REUTERS

23: At least 23 people were killed on Friday in an airstrike on a Buddhist monastery in northern Myanmar. The attack is believed to have been carried out by the country’s ruling military junta. Since seizing power in a 2021 coup, the junta has been locked in brutal civil war with several powerful rebel groups.

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