Chinese battery giant CATL posts annual revenue drop ahead of Hong Kong listing

Keir Starmer's Defence Spending Commitment Prime Minister Keir Starmer is set to announce a significant increase in UK defence spending to 5% of GDP by 2035 during the NATO summit in the Netherlands, with 3.5% allocated for core defence. This follows a prior promise to spend 2.5% of GDP starting in 2027, amid rising global security concerns, particularly regarding Iran and Ukraine. Need More Context? 🔎

Prime Minister Mark Carney expressed caution regarding the potential for a U.S.-Canada economic and security pact by July 21, emphasizing that Canada would only accept a favorable deal amidst ongoing tariff discussions. He also highlighted Canada's strategy to diversify trade with reliable partners, following a new security partnership with the EU, while critiquing the simplistic focus on tariffs in trade negotiations. Need More Context? 🔎

Iran's Revolutionary Guard Corps (IRGC) launched a missile attack on the Al Udeid Air Base in Qatar, responding to U.S. strikes on its nuclear sites, while U.S. President Donald Trump announced a ceasefire between Iran and Israel. The conflict has resulted in significant casualties, with at least 430 Iranians and 25 Israelis killed in ongoing hostilities. Explain It To Me Like I'm 5: Iran shot missiles at a U.S. military base because they were angry...

About the AuthorTOI World DeskTOI World Desk consists of a dedicated team of experienced journalists and writers committed to delivering timely, accurate news and diverse perspectives on global events. They aim to provide readers with a nuanced understanding of international affairs, exploring the interconnected stories that shape our world.Read More Need More Context? 🔎

The US Supreme Court has allowed President Trump's administration to resume deportations of migrants to third countries, reversing a lower court's requirement for migrants to present risks they might face. The decision has been criticized by the court's liberal justices as a "gross abuse," particularly concerning eight migrants removed to South Sudan despite their serious criminal convictions. Need More Context? 🔎

Germany plans to increase its defense spending by over 66% by 2029, reaching €162 billion, as Chancellor Friedrich Merz responds to threats from Russia and the U.S. This includes annual military aid to Ukraine and aims to elevate defense spending to about 3.5% of GDP, surpassing France and the UK, while also implementing significant infrastructure investments and tax breaks to stimulate growth. Need More Context? 🔎