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China's financial regulator has taken control of Zhongbang Bank due to serious credit risks. The move aims to protect depositors' interests and stabilize the banking sector, highlighting intensified oversight amid economic pressures.
Read MoreIran's civil aviation authority announced the complete closure of Tehran's airspace on June 6 for the state funeral of the late Supreme Leader. All flights will be suspended throughout the day. Travelers are advised to check with airlines for schedule changes.
Read MoreNingbo Huaxiang clarified that its subsidiary's quadruped robot P30 is in production with existing orders for security and rescue scenarios. The humanoid robot is currently in training, with future factory trials planned. The company noted the robotics business is still in early development.
Read MoreTencent's QClaw product lead Zhang Shuyu has confirmed her departure in late June. On social media, she reflected on building the consumer product and clarified that QClaw and WorkBuddy were not in internal competition, sharing the same executive oversight and overlapping growth teams, dispelling speculation about resource rivalry.
Read MoreMizuho Securities raised its price target for Robinhood from $115 to $130, maintaining an Outperform rating. The move signals strong analyst confidence in the trading platform's growth trajectory and expanding product offerings.
Read MoreBank of America data reveals investors are pulling money out of US stocks at the fastest rate since March. For the week ending July 1st, US equity funds saw a net outflow of $17.2 billion, marking the first net withdrawal in three months and raising questions about a potential market shift.
Read MoreThe PBOC net withdrew funds via open market operations this week. Data shows 678.5 billion yuan in reverse repos will mature next week, spread across workdays, alongside a longer-term outright reverse repo expiry. Market focus shifts to the central bank's follow-up operations to manage maturity pressure and maintain ample liquidity.
Read MoreING analyst Francesco Pesole suggests Japan may have intervened in the yen on Thursday, with further action possible amid thin Friday liquidity due to a U.S. holiday. Japan's strategy appears to involve acting around holidays and spreading operations over multiple days.
Read MoreJapanese companies agreed to average wage hikes of 5.01% this year, marking the third consecutive year of increases above 5%. This sustained strength in pay gains supports the Bank of Japan's gradual policy normalization and is expected to boost consumer spending.
Read MoreAnthropic has launched the "Built with Claude: Life Sciences" global hackathon, introducing its Claude Science platform to developers. The event targets researchers and biotech experts, offering real datasets and tools, with $100,000 in prizes for winning teams.
Read MoreAlibaba Cloud has launched Qoder Enterprise Edition, featuring the personal cloud knowledge base QMind for cross-product, device, and personnel knowledge sharing. It introduces a pooled Credits payment model and integrates diverse data sources to transform scattered information into reusable assets, boosting developer productivity.
Read MoreMeta is reportedly in advanced talks with Samsung Foundry to produce custom AI chips worth approximately $65 billion. This strategic move aims to secure independent AI computing power and diversify its supply chain, potentially reshaping the global semiconductor landscape.
Read MoreAI voice startup ElevenLabs is negotiating a secondary share sale that could value the company at $22 billion by September 2026, doubling its valuation in just five months as investors continue betting on specialized AI.
Read MoreUpbit will cease trading support for Alpha Quark (AQT) on August 3, 2026, at 15:00, affecting AQT/KRW and AQT/BTC pairs. Users must withdraw assets before the deadline, after which deposits will no longer be accepted.
Read MoreFinland's revised Nuclear Energy Act has taken effect, lifting long-standing bans on nuclear weapons transit and storage. This prompted a stark warning from Russian Security Council Deputy Chairman Dmitry Medvedev, who declared Finland a target for Russian nuclear strikes. The legal shift marks a major change in Finnish security policy with potential far-reaching implications for Nordic and European security architecture.
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