TR Latest News

Ukraine eyes new Patriot systems after Russian strikes kill 6

World

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July 13, 2025

Ukraine eyes new Patriot systems after Russian strikes kill 6

At least six individuals have been killed throughout Ukraine Saturday when Russia launched greater than 620 drones and long-range missiles, whereas Kyiv introduced it was nearing a deal to amass further Patriot air protection techniques.

“The Russians continue to use their specific tactics of terror against our country, striking concentrated blows at one city or another, at one region or another,” Ukrainian President Volodymyr Zelenskyy mentioned in his night deal with.

Moscow has stepped up aerial strikes over latest months as U.S.-led cease-fire talks have stalled.

“Twenty-six cruise missiles and 597 attack drones were launched, of which more than half were ‘Shaheds,'” Zelenskyy mentioned, referring to Iranian-made drones.

The Ukrainian air pressure mentioned it had downed 319 Shahed drones and 25 missiles, including that one missile and about 20 drones had hit “five locations.”

Zelenskyy mentioned the strikes had killed at the very least two individuals and wounded 20 within the southwestern Chernivtsi area, removed from the entrance strains of the east and south.

Twelve individuals have been wounded in Lviv, additionally within the west, whereas within the east, two individuals died in Dnipropetrovsk and three have been wounded in Kharkiv, native officers mentioned.

Russia additionally “dropped two guided aerial bombs on the homes of civilians” within the northeastern Sumy area, killing two, the native prosecutors’ workplace mentioned.

‘Deliberate and despicable’

Zelenskyy mentioned that a few of the drones despatched by Russia had been “simulators” supposed to “overload the air-defense system and make it more difficult to shoot down the ‘suicide drones.’ This is their deliberate and despicable terror.”

The Russian Defense Ministry mentioned it had focused firms in Ukraine’s military-industrial advanced in Lviv, Kharkiv and Lutsk and a navy aerodrome.

In a video message, Zelenskyy mentioned “we are close to reaching a multi-level agreement on new Patriot systems and missiles for them.” Ukraine was stepping up manufacturing of its personal interceptor techniques, he added.

A person inspects the positioning of a Russian glide bomb strike, Kharkiv, Ukraine, July 12, 2025. (EPA Photo)

U.S. particular envoy Keith Kellogg is because of start his newest go to to Ukraine on Monday as a Washington-led peace effort flounders. U.S. President Donald Trump additionally mentioned he would make a “major statement … on Russia” on Monday.

On Friday, the Kremlin restated its opposition to a European peacekeeping pressure in Ukraine, after French President Emmanuel Macron mentioned Kyiv’s allies had a plan “ready to go … in the hours after a cease-fire.”

Trump referred to as Russian counterpart Vladimir Putin final week however mentioned afterwards that there had been no progress towards ending the conflict.

The Kremlin mentioned Putin wouldn’t hand over on Russia’s conflict objectives however would nonetheless proceed to participate in negotiations.

Moscow says its goal in Ukraine is to do away with the “root causes” of the battle and has demanded that Kyiv hand over its NATO ambitions.

Weapons, sanctions

Washington’s announcement earlier this month that it might pause some armament deliveries to Ukraine was a blow to Kyiv, which is reliant on Western navy assist.

On Saturday, Zelenskyy urged his Western allies to ship “more than just signals” to cease the conflict launched by Russia in February 2022.

“The pace of Russian air strikes requires swift decisions and it can be curbed right now through sanctions,” he mentioned on social media.

Zelenskyy particularly demanded penalties for many who “help Russia produce drones and profit from oil.”

Oil exports are essential for the Russian economic system, particularly within the face of present Western sanctions.

Sanctions imposed on Russia – the world’s largest fertilizer producer – after the invasion spared its grain and fertilizer exports.

But costs skyrocketed, fueling fears of meals insecurity.

The United Nations signed a cope with Russia in July 2022 to facilitate exports of meals and fertiliser to restrict international value will increase.

But on Friday, it mentioned the accord wouldn’t be renewed when it expires on July 22.

Russia has repeatedly complained that the settlement does little to guard it from secondary sanctions.

Source: www.dailysabah.com

EU, Indonesia reach political agreement to advance free trade deal

Economy

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July 13, 2025

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EU, Indonesia reach political agreement to advance free trade deal

A political settlement was reached to advance the EU-Indonesia free commerce settlement (FTA), European Commission President Ursula von der Leyen mentioned Sunday.

The commerce deal, dubbed CEPA and brief for Comprehensive Economic Partnership Agreement, will create extra alternatives in key industries comparable to agriculture and the automotive sector, von der Leyen added.

“There’s a lot of untouched potential in our trade relationship, and therefore this agreement comes at the right time because the new agreement will open new markets,” she mentioned at a news convention with Indonesian President Prabowo Subianto.

“We consider Europe to be very important to us. That’s why we would like to see more European presence and more European participation in our economy,” Subianto mentioned. “I think that in this era of instability or confusion, we are setting the right example.”

Source: www.dailysabah.com

FIFA’s ‘imperfect’ Club World Cup proves it is here to stay

Football

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July 13, 2025

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FIFA’s ‘imperfect’ Club World Cup proves it is here to stay

As the primary version of the expanded Club World Cup wrapped up Sunday, FIFA President Gianni Infantino is asking it a significant success, even because the soccer world adjusts to the fact of a flawed match seemingly right here to remain.

Infantino’s flagship competitors – initially imagined to be launched in 2021 earlier than the pandemic intervened – was derided by many, particularly in Europe, earlier than it kicked off.

It was seen as an pointless addition to a crowded calendar, whereas there have been additionally doubts as as to if it will win over the general public.

Even after it started, former Liverpool supervisor Jurgen Klopp dismissed the competitors because the “worst idea ever implemented in football.”

However, the final month within the United States has proven that such a viewpoint is unquestionably an exaggeration.

FIFA has earned criticism for the variety of empty seats at many matches, however followers have turned out, with round 2.5 million attending video games throughout the nation.

South American supporters specifically helped create vibrant and colourful atmospheres and the common crowd of virtually 39,000 earlier than Sunday’s ultimate between Paris Saint-Germain and Chelsea was just under that of the English Premier League final season.

“The decisive factor is if the fans like it or not, and the attendances were much higher than expected,” insisted Arsene Wenger, FIFA’s Chief of Global Football Development.

The FIFA Club World Cup trophy is seen on show on the Trump Tower in New York, U.S., July 12, 2025. (AFP Photo)

“I don’t share the opinion of Jurgen Klopp at all because I feel a real Club World Cup is needed and if you ask all the clubs who were here at this competition, I am sure all of them would want to do it again.”

What they would favor to not need to take care of once more is the form of temperatures that include enjoying throughout the afternoon in a North American summer time.

Many matches have been impacted by the warmth and a number of other confronted lengthy delays because of thunderstorm warnings.

That appears to be like set to trigger main complications for FIFA on the World Cup in North America subsequent yr.

“Playing in these temperatures is very dangerous, and obviously for the spectacle … the pace of play is not the same, it slows everything down,” complained Chelsea’s Enzo Fernandez.

That may be checked out for future tournaments, however it’s going to absolutely be more durable for FIFA to do something in regards to the dominance of Europe’s main golf equipment.

Europe offered each finalists however didn’t have issues all its personal manner, with Fluminense of Brazil flying the flag for the remainder of the world.

They knocked out Inter Milan en path to reaching the semi-finals, whereas fellow Brazilians Palmeiras received to the final eight together with Saudi Arabia’s Al-Hilal.

Advertising for the FIFA Club World Cup final match between France’s Paris Saint-Germain and England’s Chelsea is displayed on a screen at Times Square in New York, U.S., July 12, 2025. (AFP Photo) — Advertising for the FIFA Club World Cup ultimate match between France’s Paris Saint-Germain and England’s Chelsea is displayed on a display at Times Square in New York, U.S., July 12, 2025. (AFP Photo)

Further extension?

The majority of the match’s enormous $1 billion prize fund nonetheless went to European groups, however the cash distributed to competing golf equipment from world wide might give them a greater likelihood of holding their greatest gamers for longer.

Infantino accepts that his match can be a higher draw if extra of Europe’s greatest names have been concerned however insists it’s going to stay open to golf equipment from across the globe – even when meaning mismatches like Auckland City dropping 10-0 to Bayern Munich.

“Auckland represents to some extent 99.9% of all players, who would like to be like them but will never have the chance – there must be a place for everyone,” he mentioned.

“Of course I would have liked to have Liverpool here, Arsenal, Manchester United, Barcelona, Tottenham, AC Milan, Napoli … but you have to qualify.”

Adding extra video games – as much as seven for the finalists – to an already crowded calendar is problematic.

Nevertheless, the dedication of PSG to go all the way in which following their Champions League triumph, or Manchester City’s disappointment once they went out, means that they have been totally invested.

“We are very used to not having holidays unfortunately, because the schedule is crazy,” City’s Bernardo Silva mentioned after his crew’s quarterfinal exit.

“But when we are in a competition, we take it very seriously and we had a lot of ambition for this Club World Cup.”

And there shall be one other Club World Cup, even when Infantino has to this point performed down strategies the match could possibly be instantly expanded additional, and staged extra usually.

“It will happen every four years, it is planned, and the next edition is in 2029,” mentioned Wenger.

Source: www.dailysabah.com

Swiatek overcomes doping case, title drought for Wimbledon honor

Tennis

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July 13, 2025

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Swiatek overcomes doping case, title drought for Wimbledon honor

For weeks whereas again house in Warsaw final 12 months, Iga Swiatek frolicked with buddies and made new ones, however did not dare inform them a couple of doping case that was hanging over her.

“Obviously, in the back of my mind,” she stated Saturday night on the All England Club, “I had this thing.”

There was extra occurring, too, and she or he solely opened as much as her household and her crew. A training change. An extended-for-her title drought. A rating drop. Her grandfather’s passing.

“It all (happened) together,” Swiatek stated. “It wasn’t easy.”

And so, in some methods, the Wimbledon championship Swiatek claimed Saturday with a 6-0, 6-0 victory – sure, learn that rating once more – in 57 minutes over Amanda Anisimova may very well be seen as greater than merely a major on-court end result.

It mattered, after all, that she lastly conquered grass courts, usually, and that venue, particularly. The 24-year-old from Poland grew to become the youngest lady with no less than one main trophy on all three surfaces since 2002, when Serena Williams did it at age 20. That Swiatek now wants solely an Australian Open title to finish a profession Grand Slam.

In the larger image, although, this triumph adopted a tough 12-plus months and offered the next takeaway, in Swiatek’s phrases: “The lesson is just that even when you feel like you’re not on a good path, you can always get back to it if you put enough effort and you have good people around you.”

There was a not-long-ago stretch through which she was thought-about far and away the very best in girls’s tennis.

“She’s an unbelievable player,” Anisimova stated.

Swiatek held the No. 1 rating for many of the previous three seasons. She put collectively a 37-match profitable streak in 2022 that included six match titles till it ended – the place else? – at Wimbledon.

She received 5 Grand Slam titles, 4 on the pink clay on the French Open and one on the exhausting courts on the U.S. Open, and established herself as a bona fide star.

Except there was at all times the matter of what went on when she performed on grass. Zero titles. Zero finals. One quarterfinal run on the All England Club.

The questions stored arising, from herself and from others. Then these doubts unfold to different occasions and different surfaces.

She left the 2024 Olympics, held at Roland-Garros, with a bronze medal after dropping within the semifinals. She departed Wimbledon final 12 months within the third spherical, the U.S. Open within the quarterfinals. She exited the French Open final month within the semifinals, ending her bid for a fourth consecutive championship there.

In all, Swiatek went greater than a 12 months with out reaching a last anyplace.

Then there was the matter of a one-month doping ban she accepted after failing an out-of-competition drug take a look at. The International Tennis Integrity Agency accepted her rationalization that the end result was unintentional and attributable to the contamination of a non-prescription medicine she was taking for points with jet lag and sleeping.

“The second half of last year was extremely challenging for me, especially due to the positive doping test and how circumstances completely beyond my control took away my chance to fight for the highest sport goals at the end of the season,” Swiatek wrote in a social media submit in March, including that the episode “forced me to rearrange certain things within myself.”

Eventually, Swiatek was in a position to Saturday, “I came back to being my old kind of self,” even when she nonetheless is “way more scared about eating something that will be contaminated.”

On June 12, a month to the day earlier than going through Anisimova – Swiatek checked her telephone’s calendar to make sure – and every week after her 26-match French Open profitable streak got here to an in depth, it was time to get to work.

Swiatek headed to the Spanish island of Mallorca to apply on grass. Next was a visit to Germany for extra coaching earlier than getting into a match there. She made all of it the way in which to that last earlier than dropping and tearing up throughout the post-match ceremony.

Two weeks later, at Wimbledon, Swiatek was all smiles, and as she left her final interview of the day, she joked: “That was a good therapy session.”

Source: www.dailysabah.com

7th TRT 12 Punto kicks off, uniting filmmakers from world cinema

Entertainment

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July 13, 2025

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7th TRT 12 Punto kicks off, uniting filmmakers from world cinema

TRT 12 Punto, Türkiye’s first and solely challenge devoted to the nationwide movie trade, returns for its seventh version from July 13-20. Ahead of the occasion, organizers held a press convention Sunday with opening remarks by TRT Secretary General Ibrahim Keleş and TRT Cinema Director Faruk Güven.

Billed as Türkiye’s largest script growth and coproduction platform, TRT 12 Punto goals to help initiatives of their early script phases, contribute high quality screenplays to Turkish cinema, and assist rework these initiatives into accomplished movies.

The weeklong program, which incorporates members from 35 international locations – administrators, producers, and cinema professionals – will convey collectively distinguished figures from the worldwide movie trade. The occasion will function masterclasses, panels and shows by award-winning administrators, producers, and trade consultants.

Speaking on the press convention, Keleş stated TRT 12 Punto has grow to be a typical floor for cinema fanatics and has grown to be one in every of Turkish state broadcaster TRT’s most distinguished manufacturers over the previous seven years. Güven emphasised the platform’s position in bringing collectively main filmmakers and professionals to develop essential initiatives for each Turkish and world cinema.

A common view of members on the seventh version of TRT 12 Punto, Istanbul, Türkiye, July 13, 2025. (Courtesy of TRT 12 Punto)

Each yr, the worldwide jury of TRT 12 Punto includes a few of the most influential names in world cinema. This yr’s jury consists of celebrated Russian director Andrey Zvyagintsev, Austrian filmmaker Jessica Hausner, Golden Globe President Helen Hoehne, ARTE France Cinema Director Olivier Père and award-winning Palestinian actress Yasmine Al Massri.

As a part of this system, two modern Palestinian quick movies, “Orange from Jaffa” and “UNDR,” will display screen on the TRT 12 Punto Open Air Cinema. Feature movies corresponding to “Uzun Hikâye” directed and produced by Osman Sınav and the TRT coproduced Club Zero, which competed at Cannes in 2023 underneath Hausner’s path, may even be screened totally free and open to the general public.

A brand new initiative added this yr is the “Editing Consultation” program. Acclaimed editor Benjamin Mirguet will present steerage on two earlier 12 Punto-winning initiatives at the moment in post-production.

Winners of the “TRT Short Film Production Award,” first launched in 2020, will once more obtain script growth session from Wim Vanacker, a range committee member for the Official Short Film Competition on the Cannes Film Festival.

Events at Istanbul’s Feriye venue might be broadcast dwell on TRT 12 Punto’s social media accounts. TRT 2 may even air a particular every day program titled 12 Punto Special every night at 7 p.m. from July 13 to twenty.

On July 19, the worldwide jury will consider pitches from 12 finalist initiatives. Of these, three will obtain the “TRT Co-Production Award,” three will earn the “TRT Pre-Buy Award,” and 6 might be granted the “TRT Project Development Award.” Projects profitable the “TRT International Co-Production Award” may even be introduced through the ceremony.

Track report of success

Since its inception in 2019, TRT 12 Punto has grow to be one of the crucial intently watched occasions within the worldwide movie calendar, serving to help and form a few of the most notable latest works in Turkish and world cinema. Over seven years, it has granted awards to 128 initiatives in varied classes, together with 21 Co-Production Awards, 21 Pre-Buy Awards, 18 Project Development Awards, 14 International Co-Production Awards, and 54 Short Film Production Awards.

The platform has awarded 97 Turkish feature-length and quick movie initiatives with co-production or pre-buy help since 2019. This yr’s alternatives will convey that quantity to 103. Films like “Gülizar,” “Bir Tutam Karanfil,” “Kanto,” “Tavşan Imparatorluğu,” Tereddüt Çizgisi,” “Hayat,” “Neandria,” “Kamış” and “Hara” – a lot of them supported by TRT 12 Punto – have premiered at main festivals in Venice, Berlin, Tokyo, Tallinn, Toronto, Shanghai, Warsaw, Antalya, Istanbul and Boğaziçi, usually profitable worldwide recognition.

Support for int’l co-productions

Since 2020, this system has prolonged help to worldwide movies the place Turkish producers are minority co-producers. All 14 movies awarded underneath the “TRT International Co-Production Award” have premiered at A-list festivals. Among them are “Klondike” (Ukraine-Türkiye), “Quiet Life” (France-Türkiye-Germany-Sweden-Greece-Estonia-Finland), “The Sacred Spirit” (Spain-Türkiye-France), “Advice to the Fish” (Azerbaijan-Türkiye-Mexico), “The Green Border” (Poland-Türkiye-France) and “Shambhala” (Nepal-Türkiye-France), all of which debuted at prestigious festivals corresponding to Sundance, Berlin, Locarno, and Venice, incomes awards and worldwide acclaim.

Growing variety of candidates

Since 2019, greater than 100 feature-length movie initiatives within the script or growth part have utilized yearly to TRT 12 Punto. A five-member pre-selection jury of unbiased Turkish filmmakers, producers, and screenwriters selects 12 finalists annually.

Additionally, 54 quick movies have acquired manufacturing help via the “TRT Short Film Production Award” since 2020. Some of those movies have had world premieres at high festivals: “Rutubet” at Venice, “Birlikte Yalnız” and “Zemberek” at Sarajevo. More than 2,100 quick movie initiatives have utilized to the award program, and profitable entries now obtain script session from Wim Vanacker, bringing world trade experience to rising filmmakers.

Global jury, yr after yr

TRT 12 Punto has constantly attracted high names in worldwide cinema. Past jurors have included Academy President John Bailey, European Film Academy President Mike Downey, Oscar-winning director Pawel Pawlikowski, actor Ghassan Massoud, director Rithy Panh, Oscar-winning producers Cat Villiers and Ewa Puszczynska, Cannes Cinefondation Director Georges Goldenstern, Berlinale Co-Production Market Director Martina Bleis, European Film Market Director Dennis Ruh, Oscar-nominated director Jasmila Žbanić, Palme d’Or-winning producer Philippe Bober, Eurimages Director Susan Newman-Baudais, FIPRESCI President Ahmed Shawky, Oscar-winning filmmaker Danis Tanović, and Sarajevo Film Festival Founder Mirsad Purivatra.

This yr’s jury continues that custom.

Evolution, growth

When it launched in 2019, TRT 12 Punto targeted on script and pitching growth. Over time, it advanced right into a globally acknowledged trade occasion. In 2022, the “TRT 12 Punto Meetings” program was launched, bringing representatives from high festivals, manufacturing firms, and gross sales companies to Türkiye to satisfy with finalists. In 2023, consultants from 22 international locations participated; this yr, that quantity has grown to 35.

Panels, masterclasses

Over the previous seven years, masterclasses and panels hosted throughout TRT 12 Punto have grow to be main highlights for trade professionals and cinephiles alike.

Participants attend a masterclass during the seventh edition of TRT 12 Punto, Istanbul, Türkiye, July 13, 2025. (Courtesy of TRT 12 Punto) — Participants attend a masterclass through the seventh version of TRT 12 Punto, Istanbul, Türkiye, July 13, 2025. (Courtesy of TRT 12 Punto)

Leading figures from throughout the movie world have shared insights on present traits, whereas veteran administrators and producers have spoken about their careers intimately. These occasions have helped set up TRT 12 Punto as a central hub for the Turkish movie trade, offering a platform for schooling, dialogue and collaboration.

Source: www.dailysabah.com

US aid cuts halt globally important S. Africa HIV vaccine research

Health

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July 13, 2025

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US aid cuts halt globally important S. Africa HIV vaccine research

Just every week had remained earlier than scientists in South Africa have been to start scientific trials of an HIV vaccine, and hopes have been excessive for an additional step towards limiting considered one of historical past’s deadliest pandemics. Then the e-mail arrived.

Stop all work, it mentioned. The United States, beneath the Trump administration, was withdrawing all its funding.

The news devastated the researchers, who dwell and work in a area the place extra individuals dwell with HIV than wherever else on the planet. Their analysis challenge, referred to as BRILLIANT, was meant to be the newest to attract on the area’s genetic range and deep experience within the hope of benefiting individuals all over the place.

But the $46 million from the U.S. for the challenge was disappearing, a part of the dismantling of international help by the world’s largest donor earlier this yr as President Donald Trump introduced a deal with priorities at residence.

South Africa has been hit particularly arduous due to Trump’s baseless claims concerning the focusing on of the nation’s white Afrikaner minority. The nation had been receiving about $400 million a yr by way of USAID and the HIV-focused PEPFAR.

Now that is gone.

Glenda Grey, who heads the Brilliant program, mentioned the African continent has been very important to the event of HIV medicine, and the U.S. cuts threaten its functionality to do such work sooner or later.

Significant advances have included scientific trials for lenacapavir, the world’s solely twice-a-year shot to stop HIV, lately accredited to be used by the U.S. Food and Drug Administration. One research to point out its efficacy concerned younger South Africans.

“We do the trials higher, quicker and cheaper than wherever else on the planet, and so with out South Africa as a part of these applications, the world, in my view, is far poorer,” Gray mentioned.

She famous that in the course of the urgency of the COVID-19 pandemic, South Africa performed an important function by testing the Johnson & Johnson and Novavax vaccines, and South African scientists’ genomic surveillance led to the identification of an essential variant.

A staff of researchers on the University of the Witwatersrand has been a part of the unit growing the HIV vaccines for the trials.

Inside the Wits laboratory, technician Nozipho Mlotshwa was among the many younger individuals in white robes engaged on samples, however she might quickly be out of a job.

Her place is grant-funded. She makes use of her wage to assist her household and fund her research in a rustic the place youth unemployment hovers round 46%.

“It’s very sad and devastating, honestly,” she mentioned of the U.S. cuts and general uncertainty. “We’ll additionally miss out collaborating with different scientists throughout the continent.”

Professor Abdullah Ely leads the staff of researchers. He mentioned the work had promising outcomes, indicating that the vaccines have been producing an immune response.

But now that momentum, he mentioned, has “all form of needed to come to a halt.”

The BRILLIANT program is scrambling to search out cash to save lots of the challenge. The buy of key tools has stopped. South Africa’s well being division says about 100 researchers for that program and others associated to HIV have been laid off. Funding for postdoctoral college students concerned in experiments for the initiatives is in danger.

South Africa’s authorities has estimated that universities and science councils may lose about $107 million in U.S. analysis funding over the following 5 years as a result of help cuts, which have an effect on not solely work on HIV but in addition tuberculosis, one other illness with a excessive variety of circumstances within the nation.

South Africa’s authorities has mentioned will probably be very tough to search out funding to switch the U.S. assist.

And now the variety of HIV infections will develop. Medication is tougher to acquire. At least 8,000 well being employees in South Africa’s HIV program have already been laid off, the federal government has mentioned. Also gone are the info collectors who tracked sufferers and their care, in addition to HIV counselors who may attain weak sufferers in rural communities.

For researchers, Universities South Africa, an umbrella physique, has utilized to the nationwide treasury for over $110 million for initiatives at a few of the largest faculties.

During a go to to South Africa in June, UNAIDS govt director Winnie Byanyima was nicely conscious of the stakes and the lives in danger, as analysis and well being care battle in South Africa and throughout Africa at massive.

Other nations that have been extremely depending on U.S. funding, together with Zambia, Nigeria, Burundi and Ivory Coast, are already rising their very own sources, she mentioned.

“But let’s be clear, what they are putting down will not be funding in the same way that the American resources were funding,” Byanyima mentioned.

Source: www.dailysabah.com

As tariffs hit markets, how Nvidia, bitcoin defy tough odds

Technology

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July 13, 2025

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As tariffs hit markets, how Nvidia, bitcoin defy tough odds

There is a small variety of belongings and corporations that proceed to withstand the rising uncertainty attributable to tariffs imposed by U.S. President Donald Trump.

Two of them demonstrated their resilience this week by marking a brand new all-time excessive and turning into the one firm that reached a market valuation above $4 trillion. Yes, we’re speaking about bitcoin and chipmaker Nvidia.

In a extremely risky market dynamic, bitcoin on Friday topped $118,000 for the primary time, in what analysts described as a response to the pleasant insurance policies of the brand new Trump administration for digital belongings and stablecoins.

At the identical time, this previous week was marked by Nvidia, which on Wednesday made historical past by hitting $4 trillion mark, as soon as once more cementing its function because the bellwether of the synthetic intelligence growth.

Both developments come regardless of international headwinds and the onset of the introduction of steep levies that put many firms, people and broader economies in danger. Tariffs have additionally resulted within the worst first half of the 12 months for the U.S. greenback since at the least 1973.

The foremost catalyst behind the meteoric rise of Nvidia is undoubtedly the adoption of AI and excessive demand for its superior graphics processing items (GPUs), that are seen as a “must-have” by firms growing massive language fashions (LLMs), knowledge facilities and new software program.

Only a 12 months in the past, in spring of 2024, the corporate primarily based in Santa Clara, California, managed to eclipse Saudi oil large Saudi Aramco to turn into, on the time, the world’s third most dear agency. Fast ahead one 12 months and Nvidia sits forward of Microsoft and Apple, whereas Aramco dropped to seventh place on the listing.

At the identical time, a fast have a look at the desk reveals that the market valuation of Nvidia is sort of as a lot as the worth of Alphabet ($2.19 trillion) and Meta Platforms ($1.8 trillion) mixed.

Valued at near $165 per share, the chipmaker, led by Jensen Huang, is seen as one among Wall Street’s most-favored shares. Despite sure ups and downs, resembling when the launch of DeepSeek shook the complete U.S. inventory market, Nvidia has seen a gradual rise prior to now couple of years, and traders stay largely bullish on the inventory.

However, the corporate additionally stays one of many sticky factors in tech tensions between the U.S. and China, as Washington, by curbing shipments of its most superior chips, appears to solidify the perceived lead within the synthetic intelligence sector.

This week, Huang is visiting Beijing and forward of the journey, he met Trump. What was on the agenda between the 2 males is unclear, Bloomberg reported.

The assembly nonetheless underscores the excessive stakes of the corporate itself and comes as Huang earlier acknowledged the significance of the Chinese marketplace for Nvidia.

Since 2022, the U.S. authorities has imposed restrictions on the export of Nvidia’s most superior chips to China, citing issues over potential army functions.

The U.S. additionally imposed a ban earlier this 12 months on gross sales of Nvidia’s H20 synthetic intelligence chips to the nation, which had been Nvidia’s strongest AI chip cleared for Chinese gross sales.

The firm, for now, managed to climate the influence of the curbs and tariffs because it continued to spice up revenues within the first quarter of the 12 months. In distinction, the businesses in lots of different sectors, together with automotive and the retail industries, flagged the influence of tariffs, typically pointing to losses amounting to billions of {dollars}.

Huang has dubbed AI “the next industrial revolution,” and Nvidia’s GPUs are designed to carry out synthetic intelligence duties sooner and extra effectively than general-purpose chips like CPUs.

Bitcoin run

Similarly, this week, bitcoin, amid smooth greenback outperformed expectations, climbed to as excessive as $118,856 early Friday. The world’s hottest cryptocurrency later fell just below the $118,000 mark and nonetheless near this degree as of Sunday afternoon.

Spot bitcoin ETFs opened up cryptocurrency investing extra extensively after launching final 12 months – and analysts have pointed to document inflows lately.

Last month, the U.S. Senate additionally handed laws that might regulate a type of cryptocurrency generally known as stablecoins, the primary of what the business hopes will likely be a wave of payments to bolster its legitimacy and reassure customers.

Known because the GENIUS Act, the invoice would set up guardrails and shopper protections for stablecoins, a sort of cryptocurrency usually pegged to the U.S. greenback. The acronym stands for “Guiding and Establishing National Innovation for U.S. Stablecoins.”

The fast-moving laws comes on the heels of a 2024 marketing campaign cycle by which the crypto business ranked among the many prime political spenders within the nation.

Bitcoin’s rise additionally arrives amid a wider backdrop of financial uncertainty, notably the worldwide turmoil spanning from Trump’s on and off tariffs imposed towards key buying and selling companions worldwide.

“Bitcoin has shown resilience this year rebounding in-line with its macro exposures following tariff announcements,” Citi analysts wrote in a Friday analysis perception.

But once more, they famous that the Trump administration “has been positive for Bitcoin” total, and attributed bitcoin’s latest rally to total modifications to the outlook of U.S. regulation, in addition to investments into spot ETFs.

Bitcoin’s backers have typically argued that the asset is sort of a “digital gold” that may act as a hedge towards volatility, however many have remained skeptical of that comparability. Larger market situations have additionally beforehand confirmed to sway bitcoin’s value.

In April, amid a wider selloff following Trump’s sweeping “Liberation Day” tariff bulletins, bitcoin briefly dipped under $75,000. That marked the cryptocurrency’s lowest value since earlier than Trump’s Election Day victory in November.

While bitcoin has since rebounded considerably, it is vital for traders to do not forget that it is nonetheless a extremely risky and comparatively new asset that has seen wild swings in worth earlier than.

Source: www.dailysabah.com

Erdoğan: Türkiye takes step to remove terrorism from region’s agenda

World

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July 13, 2025

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Erdoğan: Türkiye takes step to remove terrorism from region’s agenda

Türkiye has taken a step to take away terrorism from each the nation’s and the area’s agenda by its “terror-free Türkiye” initiative, Turkish President Recep Tayyip Erdoğan informed UAE President Sheikh Mohamed bin Zayed Al Nahyan in a cellphone name on Sunday.

During the decision, Erdoğan mentioned these efforts will proceed with dedication, in keeping with Türkiye‘s Communications Directorate.

Al Nahyan expressed that Ankara’s “terror-free Türkiye” aim will considerably contribute to regional safety, and likewise prolonged his needs for a profitable completion of the method.

Erdoğan additionally burdened that the strategic partnership between Türkiye and the UAE has yielded constructive leads to all fields, noting the nice potential between the 2 international locations, notably within the protection business and rising applied sciences.

The Turkish president added that Ankara is carefully monitoring the peace negotiations between Azerbaijan and Armenia launched in Abu Dhabi and can proceed supporting endeavors to ascertain lasting calm within the Caucasus.

Source: www.anews.com.tr

EU must be ready for ‘decisive’ measures over US tariffs: Berlin

Economy

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July 13, 2025

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EU must be ready for ‘decisive’ measures over US tariffs: Berlin

The European Union should take “decisive” measures in opposition to the U.S. if tariff negotiations fail to chill an escalating world commerce warfare, German Finance Minister Lars Klingbeil mentioned on Sunday.

U.S. President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the EU beginning on Aug. 1, after weeks of negotiations with the key U.S. buying and selling companions failed to succeed in a complete commerce deal.

The menace has prompted a sturdy response from German politicians and business leaders.

“If a fair negotiated solution does not succeed, then we must take decisive countermeasures to protect jobs and companies in Europe,” Klingbeil, who can also be vice chancellor in Germany’s ruling coalition, advised German newspaper Sueddeutsche Zeitung.

“Our hand remains outstretched, but we will not go along with everything,” he added.

Germany, Europe’s largest financial system, is an enormous exporter to the U.S., the place it sells autos and automotive parts, equipment and prescribed drugs.

In 2024, it offered items price 161 billion euros ($188 billion) to the U.S., operating a commerce surplus of practically 70 billion euros, based on German authorities information.

Klingbeil mentioned Trump’s tariffs coverage would solely end in losers, and referred to as for deescalation within the row, which he mentioned threatened the American financial system not less than as a lot as European corporations.

“Nobody needs new threats or provocations now,” Klingbeil mentioned.

“Instead, we need the EU to continue serious and targeted negotiations with the USA. Europe remains united and determined: We want a fair deal.”

Earlier on Sunday, Juergen Harder, deputy chief of Chancellor Friedrich Merz’s conservative CDU/CSU parliamentary group within the Bundestag, mentioned he was hopeful of additional negotiations between the EU and Washington, with the upper tariffs postponed.

“I’m betting that at least a partial agreement and a further postponement will be reached before August 1,” Hardt advised Reuters.

“After all, high tariffs have to be paid by American citizens and companies and lead to higher prices and inflation in the U.S.,” he mentioned.

Source: www.dailysabah.com

8 children among 31 killed by Israel as truce talks hit roadblock

World

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July 13, 2025

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8 children among 31 killed by Israel as truce talks hit roadblock

Eight Gaza youngsters close to a water distribution level have been amongst a minimum of 31 Palestinians killed by Israel on Sunday as cease-fire talks stalled.

Delegations from Israel and the Palestinian resistance group, Hamas, have now spent every week attempting to agree on a brief truce to halt Israel’s 21-month genocidal battle on Gaza.

But on Saturday, either side accused the opposite of blocking makes an attempt to safe an settlement on the oblique talks within the Qatari capital, Doha.

There has in the meantime been no let-up in Israeli strikes on Gaza, the place a lot of the inhabitants of greater than 2 million have been displaced a minimum of as soon as through the battle.

Seven U.N. businesses Saturday warned {that a} gasoline scarcity had reached “critical levels,” threatening support operations, hospital care and already power meals insecurity.

The civil protection company stated a minimum of 31 folks have been killed in Israeli strikes in a single day and into the morning.

Eight folks have been killed in strikes on homes in Gaza City, within the north, company spokesman Mahmud Bassal stated.

In the Nuseirat refugee camp in central Gaza, 10 folks have been killed in a strike on a home, whereas 10 others, together with eight youngsters, have been killed at a water distribution level, Bassal stated.

“We woke up to the sound of two large explosions,” Khaled Rayyan instructed Agence France-Presse (AFP) after a home was flattened in Nuseirat. “Our neighbour and his children were under the rubble.”

Another resident, Mahmud al-Shami, known as on the negotiators to safe an finish to the battle.

“What happened to us has never happened in the entire history of humanity,” he stated. “Enough.”

In southern Gaza, three folks have been killed when Israeli jets hit a tent sheltering displaced Palestinians within the coastal al-Mawasi space, in accordance with the civil protection spokesman.

A lady sitting by salvaged belongings appears to be like on as Palestinians examine the destruction at a makeshift displacement camp following a Israeli incursion, in Khan Yunis, southern Gaza Strip, Palestine, July 11, 2025. (AFP Photo)

Forced displacement fears

There was no fast remark from the Israeli army, which has just lately intensified its operations throughout Gaza.

On Saturday, the army stated fighter jets had hit greater than 35 “Hamas … targets” round Beit Hanoun in northern Gaza.

Media restrictions in Gaza and difficulties accessing many areas imply AFP is unable to independently confirm tolls and particulars supplied by the civil protection company and different events.

Hamas’ Oct. 7, 2023, incursion triggered the battle, inflicting 1,219 deaths and taking 251 hostages, largely civilians, in accordance with Israeli official figures.

Israel’s genocidal battle, compared, has killed over 57,800 folks in Gaza, largely girls and youngsters, in accordance with the Health Ministry, displaced nearly the complete inhabitants of greater than 2 million folks, sparked a humanitarian disaster within the enclave and left a lot of the territory in ruins.

Talks to agree on a 60-day cease-fire within the preventing and hostage launch have been within the stability on Saturday after Israel and Hamas accused one another of attempting to dam a deal.

Hamas needs the entire withdrawal of Israeli forces from Gaza however a Palestinian supply with information of the talks stated Israel had offered plans to keep up troops in additional than 40% of the territory.

The supply stated Israel wished to pressure tons of of hundreds of Palestinians into the south of Gaza “in preparation for forcibly displacing them to Egypt or other countries.”

A senior Israeli official stated Israel had demonstrated “a willingness to flexibility in the negotiations, while Hamas remains intransigent, clinging to positions that prevent the mediators from advancing an agreement.”

Israel’s Prime Minister Benjamin Netanyahu has stated he’s ready to enter talks for a extra lasting finish to hostilities as soon as a brief truce is agreed, however provided that Hamas disarms.

Thousands of individuals gathered in Israel’s coastal hub of Tel Aviv on Saturday, calling for the discharge of the hostages.

“The window of opportunity … is open now and it won’t be for long,” stated former captive Eli Sharabi.

Source: www.dailysabah.com