House of Representatives Speaker Mike Johnson on Capitol Hill in Washington, D.C. July 3, 2025. REUTERS/Umit Bektas |
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- Air cargo shipment volume from Asia has declined by double digits since the US canceled a tax-free exemption for low-value packages from China early in May, trade groups and analysts said.
- China spared major cognac producers Pernod Ricard and Remy Cointreau from new duties of up to 35% on EU brandy, provided they sell at a minimum price.
- China's automakers are outpacing foreign rivals in their push for assisted-driving technology, eager to woo motorists hungry for rapid innovation.Yet, Beijing has a nuanced message for its rising stars: move fast - but be careful.
- Nvidia hit a market value of $3.92 trillion, briefly putting it on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI.
- European shares edged lower, as investors weighed uncertainty over US trade deals, with the July 9 deadline fast approaching.
- Top central bankers aren't impressed with the global stablecoin craze. Listen as Econ World host Carmel Crimmins talks to Hyun Song Shin from the Bank for International Settlements about the risks to emerging markets from dollar-backed cryptocurrencies.
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- The 2025 BRICS summit will be hosted by Brazil on Saturday and Sunday.
- OPEC+, the world's largest group of oil producers, is set to meet on Sunday. They are expected to announce an increase in production for August.
- Israeli Prime Minister Benjamin Netanyahu will meet with Trump in Washington on Monday.
- On Wednesday Donald Trump's 90-day pause on tariffs will expire, unless it doesn't.
- The US weekly jobless claims data posted by the Labor Department is expected on Thursday.
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Six months after LA wildfires, some adjust to new life in RVs |
Terry Kilgore shaves outside the RV where he now lives after losing his home to the Eaton Fire in January 2025, Altadena, California, June 27, 2025. REUTERS/Daniel Cole |
Terry Kilgore lives alone in his Altadena neighborhood in California, sleeping in a recreational vehicle and surrounded by empty lots that were once the site of family homes. In January, those homes were burned to the ground. Six months after the wildfires that devastated the eastern and western flanks of Los Angeles, Kilgore's RV solution is one way victims are coping as the arduous rebuilding effort goes on. |
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This undated diagram shows the trajectory of the interstellar comet 3I/ATLAS as it passes through the solar system, released by NASA on July 2, 2025. NASA/JPL-Caltech |
Astronomers are tracking a newly spotted comet hailing from parts unknown, only the third time such an interstellar object has been observed visiting our solar system. |
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