The World at a Glance
Updated 3:35am PDT
1
An Israeli minister led 1,250 Jews in prayer at a disputed holy site in Jerusalem, sparking outrage from Arab nations.
2India and China pushed back against the White House’s threats to impose secondary tariffs on countries buying Russian oil.
3Donald Trump will name two new top economic officials amid growing concern over the eroding independence of key US institutions.
4China and Russia opened joint naval drills in the Sea of Japan, the latest sign of their strengthening alliance.
5US and Israeli officials are shifting their approach to end the war in Gaza through a single agreement, rather than piecemeal truces.
6OPEC+ moved to raise oil production again as concerns grow over possible disruptions to Russian supply.
Business
An anti-tariff protest in Brazil. Mateus Bonomi/Reuters
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.
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