The World At-a-Glance...Updated at 03:35AM PDT | Semaphor

 

 The World at a Glance

Updated 3:35am PDT 

US, Israel float all-or-nothing plan to end Gaza war

The approach marks a pivot for Israel, which has previously pushed for phased, incremental deals with Hamas.

Mahmoud Issa/Reuters

 

 

1

An Israeli minister led 1,250 Jews in prayer at a disputed holy site in Jerusalem, sparking outrage from Arab nations.

2

India and China pushed back against the White House’s threats to impose secondary tariffs on countries buying Russian oil.

3

Donald Trump will name two new top economic officials amid growing concern over the eroding independence of key US institutions.

4

China and Russia opened joint naval drills in the Sea of Japan, the latest sign of their strengthening alliance.

5

US and Israeli officials are shifting their approach to end the war in Gaza through a single agreement, rather than piecemeal truces.

6

OPEC+ moved to raise oil production again as concerns grow over possible disruptions to Russian supply.

Business

Trump’s tariffs inject fresh uncertainty into global markets

In just months, Washington’s effective tariff rate has risen by more than 15 percentage points.

An anti-tariff protest in Brazil. Mateus Bonomi/Reuters

OPEC+ agrees to hike oil production amid threat to Russian supply

The group has been ramping up production since April in a bid to cushion the market against geopolitical tensions.

Disappointing US jobs data fuels tariff fears

Labor weakness hands Trump fuel in his pressure campaign against Federal Reserve Chair Jerome Powell.

Big Techs ramp up billions in bottomless spending on AI

Meta, Microsoft, and Alphabet have spent a collective $186 billion on capital expenditures over the past year, more than the revenue of 96% of S&P 500 companies.

Politics swung right. So did companies. Will they regret it?

MAGA looks invincible now, but a recent dust-up at Exxon shows that the edicts of one administration can be revisited by the next.