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Tech stocks tumble for a second day. Here’s what’s behind the selloff.
Read more: Tech stocks tumble for a second day. Here’s what’s behind the selloff.Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it will produce outsized returns.
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Senate adopts House-passed Iran resolution in symbolic rebuke of Trump
Read more: Senate adopts House-passed Iran resolution in symbolic rebuke of TrumpThe Senate approved a House-passed resolution aimed at reining in President Trump on Iran, marking the first time such a measure has made it through both chambers.
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Starmer-Burnham latest: PM reportedly ‘resigned’ to stepping down as over 100 MPs call for him to quit
Read more: Starmer-Burnham latest: PM reportedly ‘resigned’ to stepping down as over 100 MPs call for him to quitDowning Street denied reports that Sir Keir Starmer will set out a timetable for resignation on Monday
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After Tartan Army hordes drink Boston dry, thousands of pints of beer trucked in for arrival of equally thirsty England fans
Read more: After Tartan Army hordes drink Boston dry, thousands of pints of beer trucked in for arrival of equally thirsty England fansLast week bars in Boston ran dry after 50,000 members of the Tartan Army drank more than four times as much lager as Americans drink over the July 4 public holiday.
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Apple faces iPhone tribunal showdown which could leave millions of consumers in line for compensation
Read more: Apple faces iPhone tribunal showdown which could leave millions of consumers in line for compensationThe tech giant, led by Tim Cook has repeatedly tried and failed to have the case thrown out since it was launched in 2022, with a hearing taking place next year.
Asia
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Malaysia’s PAS severs ties with Bersatu, throwing opposition pact PN’s fate into question
Read more: Malaysia’s PAS severs ties with Bersatu, throwing opposition pact PN’s fate into questionParti Islam Se-Malaysia’s president Abdul Hadi Awang said the decision took into account the state of relations between the two parties.
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Rescuers free four more men trapped in semi-submerged Laos cave
Read more: Rescuers free four more men trapped in semi-submerged Laos caveA total of five people have now been rescued, while two remain missing.
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Pete Hegseth urges allies to boost defence spending amid ‘alarm’ over China’s buildup
Read more: Pete Hegseth urges allies to boost defence spending amid ‘alarm’ over China’s buildupThe Pentagon chief, speaking at the Shangri-La Dialogue in Singapore, said stronger, more self-reliant allies are key to deterrence.
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Singapore, Vietnam expand tech and manufacturing ties
Read more: Singapore, Vietnam expand tech and manufacturing tiesBoth countries highlighted growing collaboration in science, technology and innovation during Vietnamese President To Lam’s state visit to Singapore.
Thailand
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Police captain suspended after firing shots at Bhumjaithai office
Read more: Police captain suspended after firing shots at Bhumjaithai officeSURAT THANI – A police captain has been suspended from duty and faces criminal charges after firing multiple shots at the local office of the prime minister’s Bhumjaithai Party on Saturday.
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Thai property crackdown: Foreign buyers hit pause on villas as nominee loophole closes
Read more: Thai property crackdown: Foreign buyers hit pause on villas as nominee loophole closesThailand’s crackdown on a loophole that effectively bypasses its restrictions on land ownership by foreigners is causing prospective buyers to delay purchase decisions on luxury villas in resort destinations such as Phuket and Koh Samui, according to agents.
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Peace deal unlikely to revive tourism
Read more: Peace deal unlikely to revive tourismHotels and airlines remain cautious about the potential end of the Middle East conflict as the positive impact could be delayed due to a steep slowdown in purchasing power, particularly among domestic tourists, during this low season.
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Call for tech defences to protect sovereignty
Read more: Call for tech defences to protect sovereigntyThailand must urgently strengthen its “communication sovereignty” to protect national interests in an increasingly borderless digital environment dominated by global technology platforms and emerging low Earth orbit (LEO) satellite networks, according to AM Thanapant Raicharoen, commissioner of the National Broadcasting and Telecommunications Commission (NBTC).
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New electricity rates put off until review
Read more: New electricity rates put off until reviewAuthorities have postponed a plan to impose higher electricity rates on large households with heavy consumption, citing the need to revise how power bills are calculated, says Energy Minister Akanat Promphan.
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Malaysia’s PAS severs ties with Bersatu, throwing opposition pact PN’s fate into question
Read more: Malaysia’s PAS severs ties with Bersatu, throwing opposition pact PN’s fate into questionParti Islam Se-Malaysia’s president Abdul Hadi Awang said the decision took into account the state of relations between the two parties.
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Suspicions about AI Passport mount
Read more: Suspicions about AI Passport mountThe government’s 1.6-billion-baht TH-AI Passport project could become a focus of a no-confidence debate, according to the People’s Party, which says other projects overseen by the Bhumjaithai Party have followed a similar pattern.
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TAT slashes long-haul arrival forecast to 10 million
Read more: TAT slashes long-haul arrival forecast to 10 millionThe Tourism Authority of Thailand (TAT) has slashed its long-haul arrival forecast to 10 million this year, on par with last year, mainly attributed to the Middle East conflict.
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Defective product bill okayed
Read more: Defective product bill okayedThe cabinet has approved the draft Defective Products Liability Act, which would provide consumers with statutory protection against product defects.