TikTok Agrees to Pay Alabama at Least $100 Million
TikTok will pay Alabama at least $100 million and adopt new teen safety measures under a settlement reached ahead of a scheduled trial.
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Hormuz Oil Flows Recover to Two-Thirds of Prewar Levels
Oil flows through the Strait of Hormuz have recovered above 13.5 million barrels a day as Saudi exports surge, while Iran still targets ships.
Heathrow Third Runway Faces Delay as Burnham Withholds Backing
Heathrow’s third runway could be delayed to 2039 as Prime Minister Andy Burnham declines to endorse the project amid a planning consultation.
Foreign Investors Bought Record $426 Billion of U.S. Stocks
Foreign investors made a record $425.6 billion in net purchases of U.S. stocks and investment fund shares in Q2, according to BEA data.
Libya Restarts Sharara Pipeline and Zawiya Refinery Units
Libya has reopened the Sharara-Zawiya crude pipeline and restarted initial Zawiya refinery units after a shutdown cut production and caused major losses.
US-China Summit Advances Tariff Talks and Coal Purchases
The US and China advanced a $30 billion reciprocal tariff arrangement and agreed on Chinese coal purchases after Xi Jinping’s Washington visit.
RAF Fairford Security Incident Triggers Evacuations and Arrests
Homes were evacuated and several men arrested near RAF Fairford after police declared a major incident over suspected explosives offenses.
Australia Deficit Set to Beat May Budget Forecast
Treasurer Jim Chalmers says Australia’s 2025-26 budget deficit will be billions below the A$28.3 billion May forecast.
Iran Awaits Final U.S. Response on Hormuz Reopening Plan
Iran says it is awaiting Washington’s formal response to its seven-day plan to reopen the Strait of Hormuz while holding its conditions unchanged.
US Prosecutors Seize $84M From Tether-Linked Firm
US prosecutors seized about $84.2 million tied to Montana payments firm Capstone in a civil forfeiture case involving Tether-linked transactions.