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Stay informed with free updatesSimply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. **Key Takeaways** 1. **Domestic Demand Woes Deepen:** China’s retail sales contracted for the first time in over three years, alongside a worsening slump in fixed asset investment, signaling profound challenges for domestic consumption and private sector confidence. 2. **Economic Divergence Amplifies:** While exports and industrial production show resilience, the widening gap between a strong supply side and weak domestic demand risks exacerbating global overcapacity concerns and trade frictions. 3. **Policy Dilemma Intensifies:** Beijing faces an uphill battle to stimulate a flagging…

Audio of this article is brought to you by the Air & Space Forces Association, honoring and supporting our Airmen, Guardians, and their families. Find out more at afa.org **Edwards Air Force Base, Calif.** — The B-21 Raider stealth bomber recently achieved a significant developmental milestone by completing a flight test that included both a developmental test pilot and an operational pilot, the U.S. Air Force announced on June 11. This unprecedented early integration of operational personnel into the testing process signals a strategic shift towards accelerated weapons development within the Air Force. Traditionally, aircraft development proceeds through distinct phases.…

MIAMI, USA – The World Cup stage, a cauldron where legends are forged and giants are felled, witnessed another seismic tremor tonight as Saudi Arabia, the tournament’s undisputed disruptors, stormed into half-time with a stunning lead over South American titans, Uruguay. This isn’t just a win; it’s a statement, a repeat performance of their opening game heroics against Argentina, proving that their Qatar 2022 triumph was no fluke, but a testament to their unwavering spirit and tactical discipline. Four minutes before the interval, the crescendo of Saudi defiance reached its peak. From a precise right-wing corner delivered by the industrious…

SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and, of course, for its founder and CEO Elon Musk. Key Takeaways Historic Market Debut: SpaceX’s IPO was the largest in history, pricing 555.6 million shares at $135 each to raise $75 billion, immediately catapulting Elon Musk to trillionaire status. Immediate Market Surge: Shares saw a significant pop on opening day, soaring over 30% in midday trading and closing up 19%, indicating robust investor demand and record-breaking trading volumes. S-1…

The roar of the crowd, the global spotlight, the dreams of a nation – it all kicks off in Los Angeles tonight as Iran’s Team Melli and New Zealand’s All Whites launch their 2026 World Cup campaigns! This isn’t just another match; for both sides, it’s a monumental opportunity to rewrite history, shake off past disappointments, and lay down an emphatic marker in Group G. With Belgium and Egypt already having clashed, the pressure is palpable to seize crucial early points. For Iran, the narrative is one of persistent, heartbreaking near-misses. Six previous World Cup appearances have all ended prematurely,…

‘Mornings with Maria’ panel assesses yields and previews Q1 earnings for Nvidia and retailers. Key Takeaways 1. Retail Sector Headwinds Persist: West Marine’s Chapter 11 filing and significant store closures underscore the ongoing challenges for specialized brick-and-mortar retailers, particularly those reliant on discretionary consumer spending, amidst inflationary pressures, rising interest rates, and evolving consumer habits. 2. Post-Pandemic Normalization & Economic Strain: The company’s struggles highlight a normalization from the pandemic-era boom in outdoor activities, now compounded by supply chain disruptions, extreme weather events, and a general tightening of household budgets, impacting big-ticket and accessory purchases. 3. Strategic Restructuring Amidst Market…

ATLANTA, Georgia – History wasn’t just made today; it was *forged* in the crucible of a World Cup encounter that defied all expectations. Vozinha, the venerable custodian for Cape Verde, didn’t just lead his improbable band of brothers to a brilliant point against European giants Spain – he orchestrated a footballing miracle. His post-match tears, a raw outpouring of emotion, spoke volumes more than any statistic could, revealing a profound personal sacrifice intertwined with an unbelievable collective triumph on the sport’s grandest stage. The 40-year-old shot-stopper, a name now etched into World Cup lore, performed a masterclass between the sticks,…

As business expenses and the cost of living continue to rise in the Golden State, South Florida reaps the benefits as tech moguls and other wealthy business owners find a financial safe haven in the Sunshine State. Key Takeaways: California’s proposed “billionaire tax” is accelerating a significant exodus of high-net-worth individuals and capital, shifting economic power and investment opportunities to states with more favorable tax climates, notably Florida. Wealthy Californians are employing sophisticated tax planning strategies, including physical relocation, strategic philanthropic giving, restructuring asset holdings, and acquiring tangible assets held out-of-state, to minimize the impact of the impending wealth tax.…

Audio of this article is brought to you by the Air & Space Forces Association, honoring and supporting our Airmen, Guardians, and their families. Find out more at afa.org A new report from the Government Accountability Office (GAO) reveals that only approximately one in four F-35 stealth fighters were fully mission-capable in fiscal year 2025, meaning they could perform all their assigned tasks at any given time. This low readiness rate is attributed to persistent challenges including software shortcomings, shortages of spare parts, and corrosion issues across the fleet, according to the GAO’s June 11 report on F-35 Sustainment. The…

The roar of the crowd at Boston Stadium is set to ignite on Tuesday as two nations, hungry for World Cup glory, collide in a pivotal Group I opener. Iraq, returning to football’s grandest stage after a 38-year hiatus, face a resurgent Norway, armed with a golden generation and a superstar striker. While reigning champions France cast a long shadow over Group I, this encounter isn’t just about three points; it’s a potential kingmaker in the fierce battle for second place and a coveted spot in the knockout rounds. For both sides, laying down an early marker isn’t just desirable…