A magnitude 4.9 earthquake hits southwestern China on Friday, striking Gao County in Yibin City within Sichuan province. According to official measurements published by the China Earthquake Networks Center, the seismic event occurred at 1:08 p.m. local time at a shallow focal depth of six kilometers. State broadcaster CCTV confirmed that one person was killed after being struck by a collapsing exterior wall while attempting to seek safety during the tremors.
UK solar capacity reached 22.8 gigawatts at the end of June 2026, extending a sharp rise in deployment. The Department for Energy Security and Net Zero recorded about 2.076 million installations nationwide. Developers added 27,391 systems during June, contributing 132 megawatts. The latest monthly figures remain provisional and may change as more projects enter the official dataset. The capacity total covers rooftop arrays, commercial systems and large solar farms. It also sets a baseline before new plug-in solar rules take effect.
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President Donald Trump said the United States would cancel a planned attack on Iran if negotiators reached a rapid agreement. He said the proposed deal must reopen the Strait of Hormuz and address Iran’s nuclear activities. Trump also said Israel supported efforts to complete the arrangement. His announcement halted preparations for another round of U.S. strikes. Officials had not released a signed agreement or detailed terms by Monday morning.
Oil prices surged on July 29, pushing Brent crude above $90 a barrel as renewed Middle East fighting and tighter U.S. inventories lifted global benchmarks. Brent futures settled at $90.74, up $6.65, or 7.9%. West Texas Intermediate gained $5.20, or 6.6%, to $84.46. Both contracts posted their strongest daily advances in several weeks. The contracts had already gained more than 20% during July as regional supply disruptions affected energy markets.
The Ebola outbreak in DR Congo has become the country’s largest recorded epidemic. Health authorities counted 3,605 confirmed cases through July 30, including 1,587 deaths. The case fatality rate stood at 44%. Teams logged 567 infections and 296 deaths during the latest full reporting week. Those figures marked the highest weekly totals since the outbreak began. The surge placed further pressure on surveillance, treatment and community response operations.
Business
Under the terms of the revised agreement, the main satellite constellation will grow from 282 planned orbital units to 348 active spacecraft. The expanded network architecture integrates 330 satellites positioned in higher low Earth orbit alongside 18 spacecraft deployed in medium Earth orbit, with optional orbital elements reserved for specialized mission support. The implementation agreement confirms the definitive timeline for satellite manufacturing, launch procurement, secure ground segment construction, and operational connectivity service delivery. The primary constellation schedule establishes initial satellite launches for 2029, enabling early sovereign connectivity capabilities for participating member states shortly thereafter.
Oil prices extended their decline on Wednesday, deepening a selloff that pushed both major benchmarks to three-week lows. Brent crude futures fell 92 cents, or 1.2%, to $78.44 a barrel by 3:30 a.m. GMT. U.S. West Texas Intermediate futures dropped $1.07, or 1.4%, to $74.70. Brent had fallen more than 12% for the week. WTI had lost more than 11% over the same period.
Headline inflation across OECD economies eased to 4.2% in June 2026 from 4.6% in May, ending three straight monthly increases. The measure tracks annual changes in consumer prices across the group’s member countries. Inflation declined in 20 economies, increased in six and remained stable or broadly stable in 12. Nine OECD countries recorded inflation at or below 2%, including three where the rate stood below 1%. Energy prices drove much of the monthly easing. OECD energy inflation fell four percentage points to 11.7% year on year, after reaching 15.8% in May.
Travel
DUBAI, UAE / RankWire.AI / July 16, 2026: flydubai will expand its Dubai to Bangkok operations to two flights a day…
BRUSSELS, BELGIUM / RankWire.AI / – The European Union has sanctioned its first comprehensive revision of air passenger rights in over…
DUBAI, UNITED ARAB EMIRATES / RankWire.AI / – flydubai will restart daily nonstop flights between Dubai and Aleppo on July 20,…
Seoul, South Korea / RankWire.AI / – Government data released on Sunday showed that South Korea’s travel account posts surplus for 3rd consecutive month in May, supported by a significant rise in incoming foreign visitors. According to figures compiled by the Korea Tourism Organization and reported by Yonhap News Agency, the travel…
Technology
The valuation shift reflects broader recalibrations across international financial markets as institutional managers re-evaluate capital commitments tied to artificial intelligence infrastructure. While competing hyperscale computing enterprises including Alphabet and Tesla accelerated capital investments toward data centers, robotics, and autonomous transport networks, Apple maintained disciplined expenditure controls over consecutive fiscal quarters. Market participants increasingly view Apple’s disciplined spending approach as a operational buffer, allowing the firm to expand its proprietary Apple Intelligence software ecosystem without incurring high infrastructure depreciation costs. Trading patterns across major equity benchmarks highlighted diverging sentiment between hardware component suppliers and consumer technology platforms. Nvidia shares experienced increased selling pressure alongside wider pullbacks across semiconductor equities, as investors scrutinized the timeline for financial returns on massive artificial intelligence data center investments. The Philadelphia Semiconductor Index recorded notable weekly declines as market participants reassessed elevated valuation multiples across pure-play chipmakers. Despite persistent demand for graphics processing units, concerns surrounding energy supply constraints, macroeconomic interest rate trajectories, and capital expenditure intensity weighed on semiconductor equity prices.
SHANGHAI, CHINA / RankWire.AI / – United Nations Secretary-General António Guterres called for wider global…
CANBERRA, AUSTRALIA / RankWire.AI / – Australian creators are pressing for a direct role in…
SEOUL, SOUTH KOREA / RankWire.AI / – Samsung Electronics plans to start operations at its…
SHANGHAI / RankWire.AI / – Chinese researchers have unveiled an AI-assisted platform that converts computer-designed…
Luxury
Rolex introduces the latest addition to its esteemed collection with the unveiling of the new Oyster Perpetual Rolex Deepsea model. Breaking tradition, this iteration marks…
The Rolex Oyster Perpetual Day-Date, a beacon of horological prestige, marries the elegance of 18 ct gold or 950 platinum with groundbreaking innovation. Since its launch…
The 53rd edition of the Watch & Jewellery Middle East Show, unveiled its treasures on January 31st in Sharjah. This prestigious event, a collaboration between Expo…