Myanmar to release prisoners to mark Independence Day

Crude oil prices surged over 4% amid concerns that the Israel-Iran conflict may escalate to involve the US, with Brent North Sea Crude rising to $76.45 per barrel. US President Trump intensified his rhetoric against Iran, fueling fears of military action, while Israel targeted Iranian oil and gas facilities; despite current stability in global energy flows, tensions remain high. Need More Context? 🔎

Two wildfires in New Mexico, the Buck Fire and Trout Fire, are consuming over 80,000 acres, leading to evacuation orders for around 2,000 homes and a state of emergency declared by Governor Michelle Lujan Grisham. Firefighting efforts involve 875 personnel and helicopters, with severe drought and high temperatures exacerbating the situation, prompting health warnings about smoke impact on air quality. Need More Context? 🔎

Open-source software is foundational to the digital economy, with China emerging as a key player, housing the largest group of developers on GitHub after the U.S. and India. Despite the authoritarian state's challenges with transparency and control, Chinese tech giants are increasingly investing in open-source projects, particularly in AI, to reduce reliance on Western technology and enhance global competitiveness. Need More Context? 🔎

According to Mehul Kothari of Anand Rathi Shares, the top stock recommendations for today include Voltas, ONGC, and TCS, with specific buying ranges and targets: Voltas (₹1300–₹1280, target ₹1540), ONGC (₹252, target ₹290), and TCS (₹3515, target ₹3685), all showing strong bullish indicators after recent breakouts from consolidation phases. Investors are advised to consult a financial advisor before making any decisions. Need More Context? 🔎

KANANASKIS, Alta. — During the G7 Summit, Prime Minister Mark Carney announced the reappointment of high commissioners between Canada and India, signaling a thaw in diplomatic relations following tensions over the Nijjar case. He also emphasized the need for Russia to commit to a ceasefire amid ongoing crises, including escalating conflicts in Ukraine and the Middle East. Need More Context? 🔎

Despite being the most sanctioned economy globally, Russia continues to have Western goods available, mainly through 'parallel imports' that bypass trademark permissions. This practice has allowed products like Coca-Cola and luxury cars to remain accessible, as businesses navigate around sanctions through third countries, highlighting the complexities of trade restrictions. Need More Context? 🔎