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Senators explore separate stopgap spending bill as House moves ahead– www.politico.com
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Senate Republicans are looking at going their own way on government funding, as House Republicans try to move a stopgap spending bill this week to fund the government until after the midterm elections.

GOP lawmakers in the Senate have had conversations with Democrats on moving a stopgap spending bill while also talking with the White House about anomalies, according to a person granted anonymity to disclose private discussions.

Sen. Patty Murray (Wash.), the top Democratic appropriator in the Senate, said she has had conversations with Appropriations Chair Susan Collins (R-Maine) about a Senate version of a stopgap spending bill along with potential “anomalies,” which are specific exceptions or exemptions to the flat funding of a continuing resolution usually noted to prevent disruptions to key services.

Murray wants to see if the House can get their legislation across the floor.

“Let’s see what happens in the House,” she said in an interview Monday.

Murray warned that chamber’s measure likely won’t have her support if it makes it through the House and over to the Senate.

“I understand there’s some real flaws with it. I am happy to look at a bipartisan CR, but I understand there’s some real problems on the House side,” she said.

Iran War Risk Pushes African Central Banks to Hold Rates Higher– financialpost.com
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“It is very unlikely that the CBN would restart monetary easing as long as inflation expectations remain elevated,” said Gergely Ürmössy, emerging markets strategist at Societe Generale SA. “In the CBN’s latest inflation survey, over half of respondents expected inflation to accelerate over the next six months; in March, before domestic fuel and energy prices spiked, roughly 60% expected inflation to hold steady or decelerate.”

Scientists looked 2,000 metres below the ocean and found microplastics in 92% of deep-sea animals, revealing plastic has reached Earth’s most remote ecosystems and could threaten marine food webs |– timesofindia.indiatimes.com
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Scientists have uncovered plastic pollution in one of Earth’s most isolated environments, challenging the long-held belief that the deep ocean remains largely untouched by human activity. Analysing animals living more than 2,000 metres beneath the sea, researchers discovered that 92% contained microplastics, offering some of the clearest evidence yet that plastic waste has reached even the planet’s most remote marine ecosystems. The findings, published in the journal Water Research, also revealed a striking regional difference, with deep-sea animals collected from the Indian Ocean carrying significantly higher levels of contamination than those from the Pacific. The study raises fresh concerns about the growing reach of plastic pollution and its potential impact on fragile marine food webs.

The study, published in the peer-reviewed journal Water Research, focused on hydrothermal vent ecosystems in the Central Indian Ridge and the North Fiji Basin. These underwater environments lie more than 2,000 metres (6,560 feet) below the surface and are among the most isolated habitats on Earth.Researchers from the Korea Research Institute of Bioscience and Biotechnology (KRIBB) examined deep-sea snails and mussels collected from these locations to determine whether microplastics had reached their bodies. Their analysis showed that 92% of the animals contained plastic particles, with an average of 3.4 microplastic particles per individual.

Trump admin refunds $81B in tariffs after his key trade policy was struck down by Supreme Court– www.independent.co.uk
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Donald Trump’s unsigned housing bill just banned the U.S. digital dollar – thestreet.com
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The 21st Century ROAD to Housing Act became law at midnight, and President Donald Trump’s signature was never on it.

Buried inside the bipartisan housing-affordability bill, and having nothing to do with housing, is a provision barring the Federal Reserve from issuing a central bank digital currency, a government-run digital dollar.

The ban runs until December 31, 2030, and it stops the Fed from issuing a digital dollar either directly to the public or indirectly through banks and other intermediaries. Any future attempt would require Congress to authorize it first.

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In the 26 days between the signing of the U.S.-Iran memorandum of understanding and the reinstatement of the U.S. blockade, Tehran shipped over $6 billion worth of oil products to foreign buyers.

Iran shipped out over 80 million barrels of crude oil and refined products between June 18, when the first blockade was lifted, and when it was reimposed on July 13, according to TankerTrackers.com, a tanker-tracking research firm. The blockade, however, closed around Iran before Tehran was able to ship out all of its storage capacity, so around 30 million barrels of Iranian crude oil were unable to embark.

TankerTrackers said over 60 million barrels of floating storage capacity remain available within the blockade perimeter, with the shipments and returned ships taken into account.

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Meta announced Monday that its Louisiana data center investment has grown from $10 billion to $50 billion and that it expects to generate substantial local tax revenues as it pursues artificial superintelligence.

The Richland Parish Data Center, nicknamed “Hyperion,” will be a nearly 10 million-square-foot, five-gigawatt facility, equivalent to a power plant capable of supplying enough electricity to power roughly 4 million average U.S. homes simultaneously. Altogether, that is about as much energy as New York City uses on a winter day.

“We’re delivering real economic impact alongside the AI infrastructure that will power the future,” Meta Vice President of Data Centers Rachel Peterson said in a statement.

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NEW YORK (AP) — Twelve states sued to block Paramount’s takeover of Warner Bros. Discovery on Monday, arguing that the $81 billion merger would “extinguish competition” in Hollywood and lead to fewer choices for consumers across the U.S.

“Audiences on every sofa and in every movie (theater) seat would feel the impact of this unlawful merger,” California Attorney General Rob Bonta, who is leading the case, said in a news conference from Los Angeles. He said the deal would result in higher prices, fewer movies and TV shows and lower quality of content overall.

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For decades, video games have been a go-to hobby for Alyx Green. But in recent years, Green has felt priced out.

Instead of buying the biggest releases, the Illinois graduate student has opted for cheaper alternatives from smaller studios or turned to board and card games. In some cases, the 31-year-old watches videos of others playing hot games on YouTube in lieu of actually playing.

“The price has been going up,” Green said. “It’s just hard to keep up.”

U.S. consumers have for years grappled with “funflation,” used to describe the sharply higher prices for live experiences like concerts or sporting events that were halted during pandemic lockdowns.

The software giant Microsoft announced it was laying off 4,000 people, primarily its X-box division. The move is designed to optimize X-box and other divisions using AI. The layoffs amount to 2.1% of its workforce. 1,600 of those layoffs are already happening, and they’re all in the X-box division.

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 President Trump’s plan to help children build up a nest egg for their 18th birthday officially begins. The program has been dubbed “Trump accounts,” which are stock portfolio accounts for children. President Trump said, “Children, at the age of 18 and after, become very wealthy people, come into the world with essentially no money and end up, at a pretty young age, being very rich.”

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U.S. Trade Representative Jamieson Greer confirmed that the Trump administration will not renew the U.S.-Mexico-Canada Agreement (USMCA) trade agreement in its current form after a joint review.

The USMCA replaced NAFTA during President Donald Trump’s first term.

“The United States will continue to engage with Mexico and Canada to address the Agreement’s shortcomings and our trade deficits with these countries,” announced Greer. “However, the Agreement remains in force pending resolution of these issues or until the Agreement’s termination.”

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Oil prices rose on Tuesday morning following a report of an Iranian attack on commercial ships in the strategically vital Strait of Hormuz.

The reported attacks in the waterway, which typically handles around 20% of the world’s oil traffic, reaffirm the fragility of the U.S. and Iran’s interim peace agreement, as they negotiate a permanent end to their war.

International benchmark Brent crude futures with September delivery traded 1.5% higher at $73.09 per barrel, extending earlier gains.

U.S. West Texas Intermediate futures with August delivery advanced 1.5% to $69.56, after closing at its lowest level since Feb. 27 in the previous session.

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The AI “actor” known as Tilly Norwood will be used in a new feature film entitled Misaligned, its first lead role as a digitally generated persona.

Particle6, the AI production studio that built Norwood, is developing and producing the film, the company told Global News in an email statement. The company is led by comedian and writer Eline Van der Velden.

 

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According to market research firm Counterpoint Research, smartphone sales in China fell 13% year over year during the month-long 618 shopping festival, as major brands raised prices to offset higher memory costs. Between May 26 and June 21, all major Chinese smartphone brands except Huawei posted double-digit sales declines. Promotions were less aggressive than last year, dampening consumer demand. Honor’s sales dropped 33%, while Xiaomi’s fell 24%.

Ivan Lam, Senior Analyst at Counterpoint Research, said: “Some Chinese smartphone brands priced both their new and existing models higher than comparable devices a year ago. Discounts during this year’s 618 shopping festival were also generally less aggressive, both in terms of price reductions and the range of products included in promotions.” [Jiwei, in Chinese]

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Beyond Earth, there are abundant resources on the Moon and, more significantly, on asteroids. The asteroid belt between Mars and Jupiter alone is estimated to contain between 700,000 and 1,700,000 asteroids with diameters of at least 0.6 miles. In addition, there are over 30,000 known near-Earth asteroids (NEAs), and about 2,000 to 3,000 more are discovered each year.

A common objection to asteroid mining is that it would cost too much to transport raw materials from an asteroid to Earth, rendering mining economically unviable. The fact that transporting materials is expensive is partly true, but the argument still misses the point. Experts such as John S. Lewis, who raised the issue as early as 1997 in his book Mining the Sky, argued above all that the raw materials extracted from asteroids should primarily be used in space.

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More than 500 people have died in the Democratic Republic of Congo as a result of the ongoing Ebola outbreak, as experts say cuts to international aid have hampered the country from containing the virus.

There have been 1,561 recorded cases of Ebola, including 506 deaths, since the disease’s outbreak was declared on May 15, according to DRC’s Ministry of Health. The World Health Organization deemed the first month of the Ebola outbreak the worst on record, and slowing the virus’s spread has been complicated by the lack of treatments for Bundibugyo, the strain behind the most recent Ebola outbreak.

The International Rescue Committee, a humanitarian aid organization, previously said severe cuts to global aid weakened frontline healthcare and preparedness systems, leaving the Congo with a more fragile health system now than during the 2018-2020 outbreak that killed more than 2,000 individuals.

“The warning signs are flashing red,” Bob Kitchen, vice president of emergencies at IRC, said in a statement. “Increased conflict and cuts to global aid funding have dismantled defenses at exactly the wrong moment. The lesson from every previous outbreak is clear: delays cost lives. The risks are growing and the resources are shrinking; that is the brutal arithmetic facing global aid today.”

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A BBC expert has explained there are new rules being enforced now which come into action when you get to the till for any online purchase. Appearing on BBC Morning Live, Radio 4 Money Box expert Dan Whitworth spoke about the annoying design of websites which add on large amounts to ‘offers’ when you finally get to pay.

He said in fact hidden fees are illegal – and now the Competition and Markets Authority (CMA) is clamping down. Earlier this month, it was announced that StubHub has been fined £889,200 by the UK’s competition watchdog for not showing people additional fees on tickets until they got to checkout.

The live event ticket marketplace will also have to refund more than 50,000 customers with an average payout of £10.33. The Competition and Markets Authority (CMA) was investigating the platform as part of a drive to clamp down on illegal and unfair online pricing practices.

It found that StubHub was using an illegal practice known as drip pricing, which can cause fans to be caught out by extra charges and means they may not have had a chance to accurately compare prices between sellers.

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Meta CEO Mark Zuckerberg has told staff that the company’s effort to replace human workers with AI agents is moving slower than expected, even after the tech giant cut thousands of jobs and reorganized aggressively around artificial intelligence.

The admission came during an internal town hall after months of restructuring at Meta.

Earlier this year, the company cut roughly 10% of its workforce and reassigned about 7,000 employees into new AI-focused roles.

Those moves were framed internally as urgent, as Meta raced to compete with OpenAI, Google, Anthropic, and other major players in the artificial intelligence arms race.