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Applied Computing, a London-based startup that’s building a foundation AI model for the oil, gas, and petrochemical industry, has raised a $20 million Series A led by engineering giant KBR, with Databricks Ventures participating. Key Takeaways Significant Funding: Applied Computing secured $20 million in Series A funding, led by engineering giant KBR and joined by Databricks Ventures, to advance its specialized AI foundation model for the complex oil, gas, and petrochemical sectors. Revolutionary AI Model: The startup’s “Orbital” model uniquely integrates time series, physics-based, and language models to deliver real-time predictive insights and simulation capabilities, directly addressing the industry’s long-standing…

The air in Atlanta crackles with an almost unbearable tension as England prepare to face defending champions Argentina in a World Cup semi-final showdown tonight. This isn’t just a football match; it’s the latest, most electrifying chapter in a storied rivalry steeped in history, controversy, and raw emotion. From Diego Maradona’s infamous ‘Hand of God’ in Mexico ’86 to David Beckham’s contentious red card a dozen years later, these two nations have consistently delivered moments that etch themselves into the annals of sporting legend. Tonight, another is poised to be written, with a coveted spot in the World Cup final…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Key Takeaways: Hawkish Pivot Amid Inflationary Pressure: The Bank of Korea’s (BoK) 25 basis point rate hike marks a significant shift towards a hawkish monetary policy, directly addressing persistent inflation (3.2% in June) and the weakening Korean Won, signaling a prioritization of price stability over unbridled growth despite robust economic data. Balancing Act: Semiconductor Boom vs. External Headwinds: While Korea’s economy enjoys an AI-driven semiconductor export boom – pushing exports up 70.9% and leading to an upgraded 2026 growth forecast to…

ATLANTA, USA – The roar of the Mercedes-Benz Stadium crowd, a crescendo of anticipation and despair, will forever echo in the annals of World Cup history. In a heart-stopping, come-from-behind masterclass, Lionel Messi, the ageless architect of dreams, orchestrated Argentina’s stunning 2-1 victory over England in the World Cup 2026 semi-final. With two sublime assists, Messi dismantled English hopes, setting up an electrifying final showdown against Spain. It was a clash that had everything: tactical chess, individual brilliance, and a narrative twist that left one nation heartbroken and another jubilant. Anthony Gordon’s 55th-minute strike from Morgan Rogers’ incisive cross had…

North America Grapples with Widespread Smoke and Extreme Heat as Wildfires Intensify A vast plume of smoke originating from wildfires in Canada and the Great Lakes region blanketed large swathes of the United States and southern Canada on Wednesday, leading to significant deterioration in air quality and prompting health advisories for tens of millions of people. The phenomenon coincided with an intense heat dome that generated record-breaking temperatures across the continent, exacerbating both the wildfire conditions and the entrapment of atmospheric pollutants. On Wednesday evening, major urban centers including New York City experienced an orange-tinged sky and a distinct smoky…

While many top-tier venture firms keep raising massively larger funds, Greylock Ventures, one of the oldest and most prestigious venture firms in Silicon Valley, is intentionally resisting the trend of ballooning fund sizes. **Key Takeaways** * **Strategic Restraint:** Greylock Ventures, a Silicon Valley veteran, raised a $1.5 billion Fund 18, a 50% increase from its last fund, but deliberately capped it at a figure significantly lower than what it could have secured, bucking the industry trend of ever-larger funds. * **Deep Partnership Focus:** The firm prioritizes intensive, early-stage partnerships with a small number of founders, committing to hands-on support and…

ATLANTA, Georgia – Heartbreak. Sheer, unadulterated heartbreak for England. In a World Cup semi-final that promised glory and delivered only agony, Thomas Tuchel found himself defending the indefensible after his Three Lions squandered a precious lead, crumbling to a 2-1 defeat against a relentless Argentina. The dream of lifting the golden trophy in 2026, so tantalizingly close, evaporated in the humid Atlanta night, leaving a bitter taste of what-might-have-been. The roar that erupted when Anthony Gordon poked home from close range in the 55th minute felt like an earthquake, a seismic shift that put England on the precipice of the…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the world **Key Takeaways:** 1. **Erosion of Rule of Law Concerns:** The confirmation hearing for acting Attorney General Todd Blanche highlighted deep-seated concerns over the Department of Justice’s independence, with implications for the predictability of the regulatory environment and the stability of the rule of law – critical pillars for investor confidence and market stability. 2. **Increased Political Risk Premium:** Debates surrounding the “anti-weaponisation” fund, politically motivated prosecutions, and pardons for January 6 rioters introduce a heightened political risk premium into…

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 **Washington D.C.** – House lawmakers on July 15 unveiled a new funding bill that allocates $60 billion for defense, a figure $290 billion less than the President’s requested amount. This proposal casts significant doubt on the administration’s broader ambition for a defense budget totaling approximately $1.5 trillion for the current fiscal year, which includes a substantial supplemental request. The bill, informally referred to as “Reconciliation 3.0,” is designed to navigate Congress…

The National Transportation Safety Board (NTSB) said Wednesday that the driver of a Tesla who crashed into a house in June had pressed the accelerator pedal to 100%, overriding the company’s Full Self-Driving (Supervised) software. Data recovered from the Tesla showed that the vehicle was traveling more than 70 miles per hour when it struck a house in Katy, Texas, killing 76-year-old resident Martha Avila, according to the NTSB. The family of the victim has since sued the alleged driver, 44-year-old Michael Butler, and Tesla, claiming negligence. Butler has also been charged with manslaughter. The safety board shared the information…