The European Commission unveiled a new tech sovereignty strategy aimed at reducing European Union dependence on foreign, especially American, technology providers.

At the center of the package is the proposed Cloud and AI Development Act, which would allow the Commission to assess whether countries are trustworthy enough to supply digital services for Europe’s sensitive public sectors.

The initiative includes plans to direct public funding toward European technologies, simplify regulations for data centers, expand investment in AI and semiconductor development, create a new “Eurocloud” cooperation forum, and require EU member states to adopt national strategies for advanced technologies.

The effort is intended to protect Europe’s ability to control critical technologies used in sectors such as healthcare, energy, and government services.

Under the proposal, EU governments would also be required to conduct “sovereignty risk assessments” evaluating foreign control over digital services and potential risks to sensitive data and infrastructure.


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💯👀👀💯

Latvia must end trade relations with Russia as an aggressive country, declared the country's new Prime Minister, Andris Kulbergs.


@PoliticFinance 🥻

🐈

Artificial intelligence has burned through $1.4 trillion and may never pay off.

The investment-revenue gap hit nearly $1 trillion by May, surpassing Switzerland’s annual GDP.


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👇👇👇⚠️

🇺🇸 Elon Musk's SpaceX aims for a $75 billion IPO with shares priced at $135 each and plans to offer 555.6 million shares.


💪 t.me/FinancialWorldUpdates

👇👇👇⚠️

🚨 The Fed reported a modest increase in loan delinquencies in 2025 and flagged risks in private credit markets.


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🐈

Marvell Technology $MRVL rallies over 45% in two days after Nvidia CEO Jensen Huang calls it a potential "next trillion-dollar company."

The stock has gained $90 billion in market cap since Huang's remark.


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Elon Musk says, “We are gradually widening the availability of X Money.”


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👇👇👇⚠️

🇺🇸 President Trump says he is winning by "record numbers" when it comes to affordability.


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💯🖥🖥💯

🇺🇸 The US House passes War Powers Resolution to reduce President Trump’s ability to continue the US-Iran War without Congress approval.


@PoliticFinance 🥻

⚠️⚠️⚠️⚠️

US-Iran deal to release part of $120 BILLION in frozen Iranian funds is in its FINAL stages, with Trump requiring a SIGNED agreement first, per Al Arabiya.


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Peter Schiff says Bitcoin will crash below $20,000 and calls it a scam.

Do you agree?


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Apple $AAPL will use Google's $GOOGL Nvidia-powered chips for its overhauled Siri launching in September.


🔥 @coininfo


#AAPL #GOOGL #Nvidia #coininfo

🚨🚨🚨🚨🚨

Unemployment Claims

Actual: 225K
Forecast: 214K
Previous: 215K

Overall: Short-term Bullish for crypto and risky assets.



💪 t.me/FinancialWorldUpdates

Gold has overtaken U.S. Treasuries as the World's Top Reserve Asset


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Putin:

China, the U.S., India, and Russia — that's the four top countries.



💪 t.me/FinancialWorldUpdates

The International Atomic Energy Agency (IAEA) has warned that its ability to monitor Iran’s nuclear program has been severely degraded, fueling concerns among Western officials that the risk of Iran covertly pursuing nuclear weapons may now be greater than before the U.S. and Israeli strikes on Iranian nuclear facilities in June 2025.

According to the agency, inspectors have only been granted access to the Bushehr nuclear power plant while Iran continues to block verification of its stockpile of highly enriched uranium, including roughly 440 kilograms enriched to 60% purity, material considered near weapons-grade and sufficient for an estimated ten nuclear warheads if further enriched.


@PoliticFinance 🥻

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BLOODBATH in Asian Markets

Over $750 BILLION wiped out from Asian stock markets.

🇰🇷 SOUTH KOREA's KOSPI down 6.9% wiping out ₩503,700,000,000,000 ($345 BILLION)

🇹🇼 TAIWAN's stock market down 4% erasing NT$6,240,000,000,000 ($198 BILLION)

🇯🇵 JAPAN's NIKKEI down 2.4% erasing ¥34,300,000,000,000 ($206 BILLION)


💪 t.me/FinancialWorldUpdates

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Visa and Brale are exploring private stablecoin settlement for institutional payments using SBC on the Canton Network.


💪 t.me/FinancialWorldUpdates