> ISRAELI MILITARY SAYS IT STRUCK 'ARMED TERRORISTS' WHO POSED AN IMMEDIATE THREAT TO SOLDIERS OPERATING IN THE SECURITY ZONE IN SOUTHERN LEBANON
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> IRAN SAYS NEGOTIATORS LEAVE MUSCAT AFTER TALKS
IRAN REPORTS ITS NEGOTIATING TEAM DEPARTED MUSCAT FOR TEHRAN AFTER TALKS WITH OMANI OFFICIALS.
QALIBAF DISCUSSED ARRANGEMENTS ON MANAGING THE STRAIT OF HORMUZ WITH OMAN, FOCUSING ON STABILIZATION OF OPERATIONAL FRAMEWORKS.
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IRAN REPORTS ITS NEGOTIATING TEAM DEPARTED MUSCAT FOR TEHRAN AFTER TALKS WITH OMANI OFFICIALS.
QALIBAF DISCUSSED ARRANGEMENTS ON MANAGING THE STRAIT OF HORMUZ WITH OMAN, FOCUSING ON STABILIZATION OF OPERATIONAL FRAMEWORKS.
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> $BABA - LAZADA CUTS 5% OF WORKFORCE
ALIBABA-OWNED LAZADA IS LAYING OFF 5% OF ITS WORKFORCE ACROSS SOUTHEAST ASIA AS IT STREAMLINES OPERATIONS AND FOCUSES ON EFFICIENCY.
THE MOVE COMES AMID FIERCE E-COMMERCE COMPETITION AND GROWING AI ADOPTION.
LAZADA’S REGIONAL MARKET SHARE FELL TO 11% IN 2024 FROM 24% IN 2020, WHILE RIVAL SHOPEE HELD 53%. REVENUE AT LAZADA DECLINED 3% IN ITS LATEST FISCAL YEAR.
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ALIBABA-OWNED LAZADA IS LAYING OFF 5% OF ITS WORKFORCE ACROSS SOUTHEAST ASIA AS IT STREAMLINES OPERATIONS AND FOCUSES ON EFFICIENCY.
THE MOVE COMES AMID FIERCE E-COMMERCE COMPETITION AND GROWING AI ADOPTION.
LAZADA’S REGIONAL MARKET SHARE FELL TO 11% IN 2024 FROM 24% IN 2020, WHILE RIVAL SHOPEE HELD 53%. REVENUE AT LAZADA DECLINED 3% IN ITS LATEST FISCAL YEAR.
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> IRAN'S TOP NEGOTIATOR QALIBAF SAYS TEHRAN AND MUSCAT ESTABLISHED A JOINT COMMITTEE TO DISCUSS THE STRAIT OF HORMUZ, SAYS DETAIL PENDING - TELEGRAM ACCOUNT
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> RIPPLE $XRP SECURES PRELIMINARY MICA APPROVAL, CLEARING THE WAY FOR REGULATED CRYPTO PAYMENT SERVICES ACROSS EUROPE
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> THE PENTAGON IS ASKING CONGRESS FOR $80B TO COVER THE COST OF THE US WAR ON IRAN, NEARLY TRIPLE THE $29B IT ESTIMATED JUST LAST MONTH | PER AP
NO FORMAL WHITE HOUSE REQUEST YET, BUT HEGSETH'S BEEN WORKING THE CAPITOL AND A DEPUTY BRIEFED SENATORS LAST WEEK. IT'S RUNNING INTO A WALL: LAWMAKERS SKEPTICAL OF TRUMP'S IRAN DEAL DON'T WANT TO FUND THE WAR, WITH ONE DEMOCRAT SAYING HE "HASN'T FOUND ANYONE WHO WANTS TO DO THIS." SITS ON TOP OF A RECORD $1.5T PENTAGON BUDGET ASK. SENATORS WARN THE REAL PRICE TAG COULD GO HIGHER.
DEVELOPING.
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NO FORMAL WHITE HOUSE REQUEST YET, BUT HEGSETH'S BEEN WORKING THE CAPITOL AND A DEPUTY BRIEFED SENATORS LAST WEEK. IT'S RUNNING INTO A WALL: LAWMAKERS SKEPTICAL OF TRUMP'S IRAN DEAL DON'T WANT TO FUND THE WAR, WITH ONE DEMOCRAT SAYING HE "HASN'T FOUND ANYONE WHO WANTS TO DO THIS." SITS ON TOP OF A RECORD $1.5T PENTAGON BUDGET ASK. SENATORS WARN THE REAL PRICE TAG COULD GO HIGHER.
DEVELOPING.
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> $SPCX - SPACEX SLIDES TOWARD $2 TRILLION THRESHOLD
SPACEX SHARES FELL MORE THAN 4% IN PREMARKET TRADING, PUTTING THE COMPANY ON TRACK FOR A MARKET VALUE BELOW $2 TRILLION FOR THE FIRST TIME SINCE ITS IPO.
THE STOCK TRADED NEAR $148, SLIPPING BELOW ITS JUNE 12 DEBUT PRICE OF $150.
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SPACEX SHARES FELL MORE THAN 4% IN PREMARKET TRADING, PUTTING THE COMPANY ON TRACK FOR A MARKET VALUE BELOW $2 TRILLION FOR THE FIRST TIME SINCE ITS IPO.
THE STOCK TRADED NEAR $148, SLIPPING BELOW ITS JUNE 12 DEBUT PRICE OF $150.
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> DEUTSCHE BANK CUTS GOLD OUTLOOK
DEUTSCHE BANK LOWERED ITS GOLD FORECAST, CITING A HAWKISH FED, RESILIENT U.S. DATA AND WEAK INVESTMENT DEMAND.
THE BANK NOW SEES GOLD AT $4,800/OZ IN Q4 BUT WARNS PRICES COULD FALL TO $3,800/OZ IF THE FED DELIVERS MULTIPLE RATE HIKES.
ETF OUTFLOWS, WEAK FUTURES POSITIONING AND SOFTER DEMAND FROM CHINA AND INDIA ARE WEIGHING ON PRICES, WHILE CENTRAL BANK BUYING REMAINS THE MAIN SUPPORT.
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DEUTSCHE BANK LOWERED ITS GOLD FORECAST, CITING A HAWKISH FED, RESILIENT U.S. DATA AND WEAK INVESTMENT DEMAND.
THE BANK NOW SEES GOLD AT $4,800/OZ IN Q4 BUT WARNS PRICES COULD FALL TO $3,800/OZ IF THE FED DELIVERS MULTIPLE RATE HIKES.
ETF OUTFLOWS, WEAK FUTURES POSITIONING AND SOFTER DEMAND FROM CHINA AND INDIA ARE WEIGHING ON PRICES, WHILE CENTRAL BANK BUYING REMAINS THE MAIN SUPPORT.
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> OMAN, IRAN STRESS ON THEIR "SOVEREIGN RIGHTS IN THEIR TERRITORIAL WATERS IN HORMUZ STRAIT" - JOINT STATEMENT
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> OMAN, IRAN SAY THEY ARE COMMITTED TO ENSURING SAFE PASSAGE THROUGH HORMUZ STRAIT - JOINT STATEMENT
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> OMAN, IRAN BACK STRAIT OF HORMUZ COOPERATION
OMAN AND IRAN REAFFIRMED SUPPORT FOR THE U.S.-IRAN ISLAMABAD MEMORANDUM OF UNDERSTANDING AND PLEDGED CONTINUED DIALOGUE ON ITS IMPLEMENTATION.
THE TWO COUNTRIES AGREED TO WORK JOINTLY ON THE FUTURE MANAGEMENT OF NAVIGATION IN THE STRAIT OF HORMUZ, WHILE EMPHASIZING RESPECT FOR THEIR SOVEREIGNTY AND TERRITORIAL WATERS.
BOTH SIDES ALSO COMMITTED TO KEEPING THE STRAIT SAFE AND OPEN FOR INTERNATIONAL SHIPPING AND STRENGTHENING REGIONAL MARITIME SECURITY.
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OMAN AND IRAN REAFFIRMED SUPPORT FOR THE U.S.-IRAN ISLAMABAD MEMORANDUM OF UNDERSTANDING AND PLEDGED CONTINUED DIALOGUE ON ITS IMPLEMENTATION.
THE TWO COUNTRIES AGREED TO WORK JOINTLY ON THE FUTURE MANAGEMENT OF NAVIGATION IN THE STRAIT OF HORMUZ, WHILE EMPHASIZING RESPECT FOR THEIR SOVEREIGNTY AND TERRITORIAL WATERS.
BOTH SIDES ALSO COMMITTED TO KEEPING THE STRAIT SAFE AND OPEN FOR INTERNATIONAL SHIPPING AND STRENGTHENING REGIONAL MARITIME SECURITY.
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> OMAN, IRAN SAY THEY RENEWED THEIR COMMITMENT TO MAINTAINING STRAIT OF HORMUZ AS SAFE AND OPEN WATERWAY FOR INTERNATIONAL NAVIGATION
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> OMAN, IRAN SAY THEY WILL HOLD TALKS WITH COASTAL COUNTRIES AND ANY CONCERNED PARTIES REGARDING MANAGEMENT OF HORMUZ AND ANY "RELATED COSTS"
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> TRUMP: IRAN HAS FULLY AND COMPLETELY AGREED TO HIGHEST LEVEL NUCLEAR INSPECTIONS LONG INTO FUTURE (INFINITY!!!)
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> TRUMP: THIS WILL INSURE "NUCLEAR HONESTY." IF THEY DID NOT AGREE TO THIS, THERE WOULD BE NO FURTHER NEGOTIATIONS!
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> TRUMP: I HAVE AGREED TO ALLOW HORMUZ STRAIT TO REMAIN OPEN, WITH NO FURTHER NAVAL BLOCKADE.
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> TRUMP SAYS IRAN AGREES TO NUCLEAR INSPECTIONS
PRESIDENT TRUMP SAID IRAN HAS AGREED TO LONG-TERM NUCLEAR INSPECTIONS, CALLING IT A KEY CONDITION FOR CONTINUED NEGOTIATIONS.
TRUMP ALSO SAID THE U.S. WILL KEEP THE STRAIT OF HORMUZ OPEN AND WILL NOT IMPOSE A NAVAL BLOCKADE FOR NOW, THOUGH FORCES REMAIN IN PLACE.
HE ADDED THAT RELEASED FUNDS WILL BE HELD IN U.S.-CONTROLLED ESCROW AND USED FOR FOOD AND MEDICAL IMPORTS FROM THE UNITED STATES.
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PRESIDENT TRUMP SAID IRAN HAS AGREED TO LONG-TERM NUCLEAR INSPECTIONS, CALLING IT A KEY CONDITION FOR CONTINUED NEGOTIATIONS.
TRUMP ALSO SAID THE U.S. WILL KEEP THE STRAIT OF HORMUZ OPEN AND WILL NOT IMPOSE A NAVAL BLOCKADE FOR NOW, THOUGH FORCES REMAIN IN PLACE.
HE ADDED THAT RELEASED FUNDS WILL BE HELD IN U.S.-CONTROLLED ESCROW AND USED FOR FOOD AND MEDICAL IMPORTS FROM THE UNITED STATES.
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