Business
US stocks ended lower after oil prices surged and chipmakers sold off, leaving the Nasdaq with the steepest decline among major indexes.
Brent crude jumped 9.6% to $83.30 and WTI rose 9.4% to $78.14 as Gulf shipping disruption drove a broad rally across global oil markets.
Gold prices recovered from a two-week low after a 3% selloff linked to rising oil, inflation pressure and stronger rate hike bets.
Brent crude climbed above $79 while WTI passed $74 as fresh US-Iran attacks coincided with reduced shipping through the Strait of Hormuz.
Burjeel Holdings lists its debut $500 million sukuk in London after a $1.6 billion orderbook, marking its first public debt market issue.
China’s temporary helium export ban took effect immediately, covering customs code 2804290010 with no expiry date announced on July 10.
Technology
Samsung Electronics plans to begin operations at its first Yongin chip plant in 2029, one to two years earlier than previously scheduled.
Chinese researchers unveil an AI-assisted protein synthesis platform in Shanghai designed to produce up to 10,000 samples daily in one system.
OpenAI releases GPT-5.6 Sol, Terra and Luna alongside ChatGPT Work, an AI agent for research, files, apps and finished work products.
Emirates says passengers made over 1 million Starlink Wi-Fi connections as free inflight internet expands across its fleet.
Amazon plans $48B in India from 2026 to 2030, adding $13B for AI and cloud infrastructure after Andy Jassy met Narendra Modi in New Delhi.