European Union warned of bleak semiconductor future

 

An EU-funded report released on Thursday warns that Europe’s semiconductor industry faces a bleak outlook unless it rapidly reinforces domestic supply chains and reduces strategic dependencies. Produced by the EU Institute for Security Studies and French think tank Institut Montaigne, the study cites Chinese export controls on critical minerals and...

San Francisco: Microsoft unveils $2.5 billion AI unit

 

In San Francisco on July 2, 2026, Microsoft announced the launch of Microsoft Frontier Company, a new operating entity backed by a $2.5 billion investment to accelerate enterprise adoption of artificial intelligence. The unit will help large corporate clients evaluate, select, deploy, and integrate multiple AI models, combining proprietary and...

Three Nordic American Tankers Resume Operations After Gulf

 

Bermuda — Nordic American Tankers Ltd. said on July 2, 2026 that three of its vessels, which had been immobilized in the Arabian Gulf since February 28, 2026, transited the Strait of Hormuz and have returned to international commercial operations, the company reported. The statement noted that crew safety had...

United States receives proposed 5% OpenAI stake

 

OpenAI has reportedly proposed granting the U.S. government a 5% ownership stake in the company, valued at $42.6 billion based on a post-money valuation of $852 billion following a March funding round, according to the Financial Times. The plan is described as an effort to give the public a direct...

Brookfield Schedules Q2 2026 Calls, Releases Dates Confirmed

 

United States — Brookfield Business Corporation will host its second-quarter 2026 conference call and webcast on Friday, July 31, 2026 at 10:00 a.m. Eastern Time to discuss results and business initiatives, with results released prior to 8:00 a.m. ET and posted on the company's website. Brookfield Infrastructure will hold its...

Yara Purchases Texas Ammonia Plant for $1.3 Billion

 

Oslo, Norway. Norwegian fertiliser producer Yara said on Thursday, July 2, that a subsidiary agreed to buy Gulf Coast Ammonia’s production plant in Texas from GCA Holdings LLC for $1.3 billion, with ownership transferring while the facility remains in commissioning and ramps toward commercial output. Yara stated the Texas plant has...

New York SEC probes $100 million China brokerage trades

 

U.S. regulators are examining allegations that unknown traders reaped at least $100 million from timely options bets against Chinese online brokerages Futu Holdings and Up Fintech Holding (Tiger Brokers) ahead of a major regulatory crackdown in China. The U.S. Securities and Exchange Commission has opened an investigation after Pennsylvania-based market...

Ohio awards $15.5M for brownfield cleanup grants

 

Ohio officials awarded brownfield remediation grants this week to local authorities and land banks in multiple communities, including Steubenville, Trumbull County, and North Lewisburg. The Ohio Department of Development announced $15.5 million in funding to support environmental assessments, remediation work, and related site-preparation activities at former service stations and industrial...

Companies Report Quarterly Earnings, Revenues, And Guidance Updates

 

LAKE OSWEGO, Ore. Greenbrier Companies Inc. reported Wednesday that it earned $18.9 million in its fiscal third quarter, equal to $0.60 per share, on revenue of $576.5 million, and issued full-year earnings guidance of $3.00 to $3.15 per share with revenue forecast between $2.4 billion and $2.5 billion. The report...

Austin: Tesla begins testing mass-produced Cybercab

 

AUSTIN, Texas – Tesla has begun engineering tests of its first mass-produced Cybercab, an autonomous electric vehicle, at its facility in Austin, the company said on its official social media account. The Cybercab is Tesla’s purpose-built robotaxi, developed specifically for autonomous ride-hailing services and designed without a steering wheel or...