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FOUND: 21 - What They Never Told You

Tesla cofounder JB Straubel’s failed pitch to Elon Musk led to a $1.3 trillion success story

JB Straubel was the architect of Tesla’s core tech, but his first pitch to Elon Musk fell flat.

Fortune

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

Over time, the conflict will likely cost more than $1 trillion, according to one Harvard economist.

Fortune

Choosing between US and China 'offensive': coalition

The opposition has bristled at the assertion Australia must choose between trading with China and keeping in lock step with Washington on defence.

AAP

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Segro rebuffs £12.6bn approach from US rival in latest takeover tilt for UK firm

Prologis revealed it had put forward a proposal to buy FTSE 100 firm Segro worth 925p a share on June 16, which was rejected on Tuesday.

Evening Standard

Musk loses trillionaire status as SpaceX shares ‘come down to earth with a bump’ – as it happened

Rolling coverage of the latest economic and financial news, as drops in SpaceX and Tesla’s shares eat into Musk’s wealth

The Guardian - UK

Why Are Nvidia, AMD, and Micron Stocks Falling? AI Valuation Fears and Fed Jitters Explained

Nvidia, AMD, and Micron led a tech sector sell-off as investors reacted to Federal Reserve signals on inflation, raising concerns about prolonged high interest rates and AI stock valuations.

International Business Times UK

India at risk of AI blackout? Why Bernstein wants India to have its own DeepSeek

Bernstein has warned that India risks an "AI blackout" if it remains dependent on foreign AI models, urging the country to develop its own sovereign AI stack and a homegrown equivalent of DeepSeek. The brokerage said relying on overseas LLMs and data-centre services could leave India vulnerable to geopolitical and…

The Economic Times

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India among top AI-ready nations, one of world's least concentrated equity markets: J.P. Morgan

India has emerged as one of the top countries in artificial intelligence (AI) readiness, trailing only the U.S. and China, while remaining one of the world's least concentrated equity markets, according to a recent report by J.P. Morgan.

The Economic Times

Afternoon Update: Liberals dumbfounded by Taylor; Coogee shark attack victim speaks; and a levitating penguin

Angus Taylor’s party colleagues concerned he is missing an opportunity to differentiate the Coalition from One Nation

The Guardian - AU

Newsletter: Ukraine tensions and the Taliban question

In today's newsletter: All eyes are on Berlin to see if Ukrainian President Volodymyr Zelenskyy and Polish Prime Minister Donald Tusk can resolve tensions between the capitals, and further questions loom regarding a meeting between the European Commission and the Taliban on Tuesday.

Euronews

Why Fed's bubble blind spot is cause for anxiety

New Federal Reserve Chair Kevin Warsh may follow Alan Greenspan's approach of not intervening in financial bubbles, a strategy that led to the dot-com and credit crises. While Greenspan defended his actions, there are questions as to if this passive stance is still viable, especially with current market valuations and…

The Economic Times

Canada updates police clearance requirements for International Experience Canada work permit applicants

Canada's International Experience Canada (IEC) programme has updated its police certificate rules for foreign nationals. Applicants must now submit certificates from their current residence issued within six months of application receipt. Those who lived abroad for six months or more since age 18 need certificates from their last country of…

The Economic Times

IAEA chief says Iran nuclear site inspections will happen despite US-Tehran conflicting claims

The head of the UN's nuclear agency signaled on Wednesday that Iranian nuclear enrichment sites would be visited by his inspectors, a key component in the interim deal between the United States and Iran, despite Tehran's denial that any visit has been scheduled.

The Times of India

Europe Today: Sánchez under pressure as Europe backs Ukraine

Europe's five leading military powers meet in Berlin to discuss support for Ukraine and tougher sanctions on Russia, while US-Iran negotiations continue in Switzerland. Meanwhile, Spain's Prime Minister Pedro Sánchez faces pressure over a widening corruption scandal.

Euronews

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BANG Premier

Donald Trump will present World Cup trophy to 2026 winners next month

US President Donald Trump will appear alongside FIFA boss Gianni Infantino to present the World Cup trophy.

The Independent UK

Voices: ‘Why am I doing fingerprints every time?’ Readers baffled by new EU entry rules

YOUR VIEWS: Our community says the EU's new entry-exit system is causing unnecessary delays, confusion and disruption at airports, with many blaming poor planning and flawed implementation rather than the border checks themselves

The Independent UK

Trump fumes as US Senate votes to halt Iran war in historic move

IN FULL

International Business Times UK

ICE Warehouse Detention Lawsuits Melt Down Secret $38B Plan to Cage 10,000 Migrants

Michigan and local authorities are legally challenging a federal initiative to convert commercial properties into immigration facilities, citing structural issues and lack of transparency in the process.

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The Guardian - UK

Wednesday briefing: How can the UK protect its landscape in an increasingly hot world?

In today’s newsletter: As heatwaves intensify, Britain’s ecosystems are being pushed beyond their evolutionary limits

France 24

NATO's Rutte aims to soothe Trump on White House visit ahead of July summit

NATO Secretary-General Mark Rutte is set to hold talks with US President Donald Trump at the White House on Wednesday, aiming to mollify the volatile US leader two weeks before the annual summit of the military alliance and as the Pentagon reviews the size of the US military footprint in…

International Business Times UK

Green Card in America: How the Blanche v. Lau Ruling Affects European Expats

The US high court's decision in Blanche v. Lau grants immigration officers authority over returning green card holders

The Economic Times

Singling out Huawei, China's premier defends tech rise, rejects subsidy claims

China's Premier Li Qiang has pushed back against claims that state subsidies fuel the nation's tech advancements in areas like AI and EVs. Speaking at a World Economic Forum summit, he attributed China's innovation to substantial firm investments, citing Huawei's resilience against foreign restrictions. Analysts warn of a potential European…

Euronews

Why is gold falling as inflation rises? The inflation hedge myth, explained

Gold is heading for a fourth monthly fall even as US inflation hits a three-year high. Here is why higher rates, not inflation, now drive the gold price.

International Business Times UK

Bill Gates Names Russian Bridge Player and Nuclear Physicist in Testimony as Transcripts Drop From House Probe

Bill Gates told the House Oversight Committee he had affairs with a Russian bridge player and nuclear physicist, and named his former science adviser as the likely tipster to Epstein.

The Economic Times

US remains global leader in AI, but China rapidly closing gap with cheaper models: JP Morgan

The United States stands at the forefront of AI development, yet China is swiftly closing the gap with cost-efficient AI systems. Chinese companies are making headway in corporate environments by offering significantly lower operational costs than their American counterparts. This trend may accelerate as organisations prioritise cost-cutting, despite the continued…

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