Global Markets & FX: US Treasury says the yen is “very undervalued” and that Japan may have intervened after yen volatility; APAC stocks mostly firm and investors watch upcoming inflation, jobs and GDP prints. Middle East Security: After a brief respite, the US and Iran resumed missile strikes, raising fears of wider spillover across the region. China Economy & Tech: Beijing outlined priorities for H2 2026, while Moonshot AI fully open-sourced its Kimi K3 model, pushing China’s open-source AI push further into global developer use. Trade & Business Regulation: China’s SAMR is expanding digital food-delivery licensing to shut down “ghost” outlets; Malaysia reported Q2 growth at 5.8% with services and manufacturing leading. Energy & Industry Transition: Germany’s Salzgitter is converting steel production toward greener output with funding aimed at major CO2 cuts; BP is also moving to sell its North Sea business. Sports & Deals: MLB trade deadline pressure hits the Yankees as they struggle offensively; the Mets sent reliever A.J. Minter to the Twins for prospects. Local & Community Business: Soddy-Daisy launched a matching grant to help storefronts improve accessibility and appearance. Migration Pressure: Ceuta faces a “humanitarian and security emergency” as migrants cross from Morocco, with Spain planning support and deportation measures.