måndag 6 juli 2026

Latest news

China's Global Ambitions
Japanese Protest Against China's Weapons Test in the Pacific

China has conducted an unusual test firing of a ballistic missile from a nuclear submarine in the Pacific Ocean, Bloomberg reports. The missile has the capacity to carry nuclear weapons, but the warhead was a dummy during the test firing.

Japan protests the test and expresses "serious concern" over China's increased military activity in the region.

The Crack in the British Royal Family
Prince Harry Not Allowed to Sleep at Buckingham Palace
Prince Harry will not stay at Buckingham Palace during his visit to London this week, according to a statement from the British royal family. According to BBC sources, Harry has responded too late to an invitation.

A spokesman for Harry says the offer was "withdrawn at the last minute" and describes it as a "disappointment".

The visit has already been fraught with problems. It was initially intended to be Prince Harry and Meghan Markle's first family trip to the UK in four years and a chance for the children to meet their relatives. However, the family was denied police protection and now Meghan and the children are staying in the US.

The couple left the country and their royal duties in 2020.

Political situation in Turkey
Gay cruise ship stopped from docking in Turkey

Local authorities in Turkey have stopped a cruise ship carrying 2,000 gay tourists from docking in the port city of Kusadasi, reports The Guardian. The decision is justified by the passengers' "moral values".

Atlantis cruise company CEO Rich Campbell says it is worrying when a country "decides which tourists are welcome and which are not." According to him, this is the first time in the company's 36-year history that gay tourists have been stopped from disembarking.

Broadway star Patti LuPone, 77, is on board the cruise to perform “for all the wonderful men” and she writes on Instagram that she is “furious”.

Russian invasion The world’s response
Russia summons Sweden’s ambassador

The Russian Foreign Ministry says that Sweden’s ambassador has been summoned, writes Reuters, citing the Russian state-controlled news agency Tass.

The background is Russian information about a paint attack on the Russian embassy in Stockholm last week.

The Swedish Foreign Ministry confirms to Expressen that the ambassador has been summoned. Otherwise, the Ministry refers to the police, who in turn do not want to comment on the information about the paint attack.

At least 23 dead in prison riot in Sri Lanka

At least 23 people have died and over 100 injured in a prison riot in Sri Lanka, writes AFP. Four of the dead are said to have been security guards.

When the unrest spread, female inmates reportedly climbed onto the roof and asked to be rescued. Part of the roof collapsed and some of the women were injured, police said.

The riot is described as the deadliest in the last five years.

Volcanic eruption in Sicily – flights forced to be canceled

Several flights have been canceled after a volcanic eruption in Sicily, several media outlets report. Due to the high clouds of smoke from the eruption, visibility is being obstructed for flights.

The eruptions are said to have started last week, with another one on Monday night. All incoming and departing flights are canceled, it is unclear for how long.

“Passengers are kindly asked not to travel to the airport unless they have first checked the status of their flight with their airline,” Catania airport writes on its website. 

The problems with mass tourism
Spain is expected to receive 100 million tourists this year

Spain is likely to receive 100 million foreign tourists this year, which would be a record. This is what the country's Tourism Minister Jordi Hereu said, according to Reuters.

Last year, 96.8 million tourists visited the country, which was already a record at the time. Compared to 2024, it was an increase of 3.2 percent.

Threats to biodiversity
Nairobi authorities want to stop viral "bird man"

Rodgers Oloo Magutha, a former homeless man in Nairobi, has gone viral for taking care of wild and injured birds. This is what AFP writes.

Popular videos on Tiktok and Instagram show how he lives side by side with the birds in his one-room apartment on the outskirts of the Kenyan capital.

- I love saving birds, says Rodgers Oloo Magutha, who feels that it has given his life meaning and helped him out of depression.

After a video of him sharing a plate with his feathered friends has drawn the attention of authorities. The risk of spreading diseases means that he is now being urged to release them. 

Hurricane season
“Super Typhoon” Bavi has reached several islands in the Pacific

Typhoon Bavi has reached several islands in the Pacific Ocean on Monday, including the US territories of the Northern Mariana Islands and Guam, writes NBC News.

– We are right now in the middle of Super Typhoon Bavi, so I want people to continue to stay indoors, says Guam Governor Lou Leon Guerrero in a video on social media.

The island of Rota, which is located about eighty miles north of Guam, has also been affected by the typhoon. For a short time, the island was in the eye of the storm. The wind had a speed of about 290 kilometers per hour and, according to local authorities, has caused “major damage” on the island, writes AFP.

Middle East crisis Situation in Iran

Fatima: Not here to mourn – here for revenge

Iranians loyal to the regime both mourned and demanded revenge on Monday in connection with the funeral procession for former Supreme Leader Ali Khamenei, who was killed in an Israeli airstrike.

“We are not here to say goodbye, we are here to take revenge. And we will take revenge,” participant Fatima Hassan told the AP news agency.

Several flags and banners with anti-American messages were seen in the crowds in Tehran, including “Death to Trump.” People also threw stones at a sign with Donald Trump’s face that had been hung on a bridge that the long funeral procession passed.

Analysis: Iran Strengthens Grip on Hormuz – in the Shadow of the Funeral


Millions of people have gathered in Tehran to mourn former Ayatollah Ali Khamenei. Meanwhile, the Iranian regime is intensifying the fight for expanded control over the Strait of Hormuz, according to The Guardian's Patrick Wintour.

Over the past 48 hours, the Iranian Revolutionary Guard has warned ships that have used an alternative southern route near Oman. Several of them have chosen to turn back. According to Wintour's analysis, Iran is trying to regain control of shipping after ships increasingly chose the northern and more mined route.

The BBC's Paul Adams notes that the fragile ceasefire mainly appears to hold since it was agreed three weeks ago. But the recurring incidents around the Strait of Hormuz – and the fact that none of the fundamental issues of the conflict have been resolved – show that the situation is as uncertain as before, writes Adams.

Most signs during the mourning procession: “We will kill Trump”

Red flags and signs with the text “We will kill Trump” are visible in the sea of ​​black-clad people as the coffin of former Ayatollah Ali Khamenei is carried through the city of Tehran. This is reported by several media outlets.

The signs also contain texts about US Vice President JD Vance and Israeli Prime Minister Benjamin Netanyahu. Some of the signs make connections to the Jeffrey Epstein scandal in order to make them appear corrupt, writes the New York Times.

The red flags are often used as a symbol of martyrdom and send signals of revenge, writes CNN. At the same time, the crowds are said to have chanted “Death to the USA, death to Israel”.

The funeral procession is expected to last about twelve hours, officials told state media, writes the BBC.


The murder of Charlie Kirk

Today the trial begins after the murder of Charlie Kirk

Today the trial begins against 23-year-old Tyler Robinson, who is accused of shooting dead right-wing debater Charlie Kirk last year, several media outlets report.

During the day, the prosecutor will present the evidence in the case, to demonstrate that there is enough to press charges and thus take the case to trial.

If the judge goes along with the prosecutor's line, the trial could begin at the end of the year, or early next year at the earliest, according to TV4 Nyheterna.

Both Kirk's parents and widow Erika Kirk are expected to attend the hearing being held in Utah, a source told CNN. It will be the first time they are in the same room as Robinson.

Erika Kirk left the courtroom when police testified about the murder

The widow of right-wing debater Charlie Kirk, Erika Kirk, his parents and Donald Trump's son Donald Trump Jr were in the courtroom in Utah to participate as the trial of murder accused Tyler Robinson entered the next phase. This is reported by several media outlets.

Prosecutors will try to convince a judge that the evidence is sufficient to start a trial against Robinson and demand the death penalty.

On Monday, the prosecutors' first witness, a police officer, told about the sequence of events before and after Kirk was shot to death. Erika Kirk was seen leaving the courtroom during the testimony.

Prosecutors believe that Robinson has confessed to the crime through a note that was left with his partner before the crime. The note read "I have been given the opportunity to eliminate Charlie Kirk, and I intend to take it".

Robinson has not yet pleaded guilty or not guilty. 

Today's stock market

Global AI concerns drove ABB down

ABB was one of Monday's losers on the Stockholm Stock Exchange. Behind the loss was increasing concern about developments in the AI ​​sector.

- The stock is going up and down with AI and data center sentiment, says Anders Roslund, engineering analyst at Pareto, to DI.

Behind today's AI concerns is information from the analysis firm Semianalysis that the start of production for Nvidia's AI server system Kyber NVL 144 is being delayed for over a year due to setbacks in the design of circuit boards for the platform.

Roslund believes that ABB will continue to fluctuate up and down with sentiment for investments in data centers, but that the company is a long-term winner if you believe the trend.

At the close, ABB had recovered somewhat and closed down just under 1 percent for the day after a chip rally on Wall Street.

Mostly up on Wall Street – chip stocks rise

The US stock markets are mostly trading up after the long weekend with National Day celebrations. The technology-heavy Nasdaq in particular is doing well as several chip companies rise and at 18.15 the index is up 1.4 percent. The broad S&P500 is up 0.7 percent at the same time, while the Dow Jones is down 0.1 percent.

The development comes as a rebound after many chip stocks had a tough time last week, notes CNBC. Fundstrat strategist Mark Newton notes that the financial, health and industrial sectors instead performed strongly. "The broader sector rotation is very positive," he writes in a comment.

AMD is up 9 percent, Western Digital is up 7 percent, while Broadcom, Intel, Micron and Marvell  are up around 3-4 percent.

Among the tech giants, Tesla is up 6 percent, while  Meta and AlphabetMeta and Alphabet are up around 2 percent. Microsoft is down 1.5 percent after laying off 4,800 employees and announcing that another 1,600 will leave in the coming year.

On the other hand, software company Datadog, which has received a downgrade from analyst firm Bernstein, is down a few percent.

Swedish payment giant Klarna's shares are up just over 1 percent. On Monday, the company announced that it has applied for a banking license in the United States.

 

Economy

Germany's growth
Germany plans giant loan for historic rearmament

Germany plans to borrow over 800 billion euros by 2030, among other things to finance the largest defense investments since the Cold War, writes the Financial Times.

The defense budget is expected to amount to 109 billion euros next year and rise to 183.6 billion euros in 2030, according to forecasts that the newspaper has seen.

The new line represents a clear break with decades of budgetary discipline. The rearmament is driven by increased concern about Russia and by Donald Trump's signals that the United States will reduce its military involvement in Europe, writes the FT.

The streaming war
Sky buys rival ITV - could reshape the media landscape

The British media giant Sky is buying the media and entertainment division of its competitor ITV for 1.6 billion pounds, equivalent to just over 20 billion kronor, several media outlets report.

If the deal is approved by competition authorities, it will create a global challenger to Youtube, Netflix, Amazon and Disney, writes Reuters.

The deal would have been unthinkable for competition reasons a few years ago, but according to Sky and ITV, the radical changes in the market require more flexibility. 

Microsoft's future
Microsoft cuts 4,800 jobs – one in five will have to leave Xbox

Tech giant Microsoft is laying off 4,800 employees, the company says in a press release. A further 1,600 will disappear in the next twelve months.

Xbox will be hit hardest, with around 3,200 jobs to be cut by the 2027 financial year, half of which will disappear immediately. This means that one in five Xbox employees will be forced to leave the company.

As part of the restructuring, Microsoft is also closing down several game studios.

Microsoft says that AI does not directly replace those laid off, but that the technology is changing work tasks and increasing the need for efficiency and adaptation.

CNBC notes that Microsoft's stock has been the worst performing among the tech giants this year and that the company launched a voluntary retirement program as recently as April. 

Global supply problems
Container traffic through the Suez Canal resumes

Denmark's Mærsk and Germany's Hapag-Lloyd are resuming container ship traffic through the Suez Canal.

The shipping companies have jointly evaluated the security situation in the area around the Red Sea and have concluded that a gradual restoration of transport through the Suez Canal is possible.

Since the resumed traffic could create downward pressure on freight prices and thus hit the companies' profits, the shares of both shipping companies are falling after the announcement. Mærsk's share fell more than 5 percent while Hapag-Lloyd's share fell 2 percent on Monday.

The future of the automotive sector
Strong order intake in the US – important for Volvo

The North American market’s order intake for heavy trucks, which is an important market for Volvo, provisionally amounted to 31,400 vehicles in June 2026, writes Nyhetsbyrån Direkt.

Compared to June last year, order intake increased by 231 percent. The preliminary order intake in May amounted to 26,500 vehicles.

Carter Vieth, analyst at ACT, believes that the strong figures are due to the strong recovery in the trucking industry.

– Trucking companies only buy trucks when they make money, says Carter Vieth. 

Klarna applies for a banking license in the US

The Swedish payment giant Klarna has applied for a license to establish Klarna Bank USA, according to a press release. The applications have been submitted to both authorities in the state of Utah and to the US deposit insurance authority FDIC.

The banking license would enable Klarna to conduct its existing banking operations under its own control, the fintech company writes in the press release.

Klarna has been an established bank in Europe since 2017.

 


The Duran