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SoftBank warns about concerns of an AI bubble and the "ignorance of reality"
Bank results boost Wall Street as IBM's collapse limits Dow Jones gains
Kuwait Announces Fire Control After Iranian Attacks with No Injuries
"Switch" Data Centers in Talks with Banks for Initial Public Offering
Oil stabilizes after Trump's statements, but Brent market remains cautious over Strait of Hormuz risks
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The Telegraph reported that China has surpassed the export of one million cars for the first time in a single month, with exports reaching 1.1 million vehicles in June 2026, reflecting a 71% increase compared to the previous year. This highlights the strength of Chinese electric cars and their ability to compete easily in European markets despite customs duties. China's exports have become the largest source of cars worldwide since 2023, with its market share in Europe growing. This comes amid pressure on European car companies like Volkswagen, which is considering eliminating 50,000 jobs to cope with the competition.
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