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Chinese chain Luckin Coffee opened its first two U.S. locations this week, betting that mobile-only ordering and creative flavors can lure customers away from Starbucks.

Both new Luckin stores are based in Manhattan, and at the midtown location on Wednesday, Sam Liu took a sip of her jasmine cold brew.

“I’ve never tried anything like it,” she said.

I thought I just order at the counter, but I realized everyone was standing around looking at their phone.

Luckin Customer Sam Liu, New York City

Liu said she’d hoped for more seating — the small shop has only three tables — and was initially confused by Luckin’s in-app ordering system, which means customers can’t order directly from a barista.

“I thought I just order at the counter, but I realized everyone was standing around looking at their phone,” Liu said.

Luckin is China’s largest coffee chain, with more than twice as many locations as Starbucks there. Its two New York City stores are its first foray outside Asia, where it has over 24,000 locations across the region. By comparison, there are over 17,000 Starbucks in the United States.

Its CEO, Guo Jinyi, called the U.S. “a strategically important market” for the company’s expansion in a press release heralding the two new locations Wednesday. “We are excited to introduce a diverse and unique coffee experience to American consumers.”

The company, which didn’t respond to a request for comment, has touted its ambitions to expand globally but hasn’t publicly detailed its next moves in the U.S. or other markets.

The chain has gained success overseas through creative drinks like alcohol-infused coffees and fruit lattes, along with its smartphone-centric ordering model. The app-based approach makes it easier to track inventory, send personalized appeals to consumers and serve drinks quickly, said John Zolidis, an analyst who tracks Luckin and Starbucks at the brokerage firm he founded, Quo Vadis Capital.

“Luckin was able to develop an incredible muscle with regard to product innovation, and they have been very creative in China,” he said.

Drink orders ready for pickup or delivery inside one of the Manhattan Luckin shops on Monday.Anthony Behar / Sipa USA via AP

Zolidis said how Luckin fares on Starbucks’ home turf will depend on its ability to differentiate its menu from other major U.S. coffee chains and smaller, independent cafes. Its American lineup already includes distinctive drinks like blood orange cold brew and coconut lattes.

“These orange drinks, or one of their most successful, a coconut cloud latte — that’s how you get trial [customers] from the U.S.,” Zolidis said.

Luckin faced financial troubles during the pandemic. It was delisted from Nasdaq in 2020 after its stock plunged following an internal investigation that found an executive had falsified revenue reports. The company filed for bankruptcy in the U.S. the following year but emerged from proceedings in 2022 and its sales have soared since, reaching $4.7 billion worldwide in fiscal year 2024, a 38.4% increase from 2023.

Luckin was able to develop an incredible muscle with regard to product innovation, and they have been very creative in China.

John Zolidis, Founder, Quo Vadis Capital

Starbucks, by contrast, is struggling in both the U.S. and China. Its same-store sales in the U.S. declined 2% and its sales in China 8% in fiscal year 2024, and it reported in April that its quarterly profit was half of what it pulled in for the same period last year. The Seattle-based chain is reportedly looking to partially sell its business in China while revamping its U.S. strategy to focus on customer experience and human connection, in contrast with Luckin’s model.

“We veered away from, I think, owning the idea of the ‘third place,’ the coffeehouse experience, making sure that the customer was front and center,” Starbucks CEO Brian Niccol told NBC News in June.

A Starbucks spokesperson declined to comment.

Zolidis said that whereas Starbucks aims in both the U.S. and China to appeal to customers looking for higher-end coffee served in an inviting setting, Luckin has successfully positioned itself as the “everyman’s coffee” in China, with low prices and small, grab-and-go storefronts.

After taking the train in from Hoboken, New Jersey, to check out the new one in midtown, Samantha Coy said the trip was worth it. She had enjoyed Luckin in China previously and was eager to order one of its fruit drinks.

“I’m surprised Starbucks hasn’t tried to bring that over to the U.S.,” Coy said. “I hope they stay open.”

Zolidis said he thinks Luckin is well-positioned to gain a foothold in America.

“They’ve been able to operate and grow incredibly quickly in the Chinese market, much faster than I would have thought possible, and they’ve been able to sustain it and develop a strong financial model so they can fund their expansion in the U.S.,” Zolidis said. “They wouldn’t be coming here to try it if they didn’t think they had a shot of owning part of the market.”

This post appeared first on NBC NEWS

Indonesia’s rumbling Mount Lewotobi Laki Laki erupted Monday, sending a column of volcanic materials as high as 18 kilometers (11 miles) into the sky and depositing ash on villages.

The volcano has been at the highest alert level since last month and no casualties were immediately reported.

Indonesia’s Geology Agency recorded an avalanche of searing gas clouds mixed with rocks and lava traveling up to 5 kilometers (3 miles) down the volcano’s slopes during the eruption. Observations from drones showed lava filling the crater, indicating deep movement of magma that set off volcanic earthquakes.

The column of hot clouds that rose into the sky was the volcano’s highest since the major eruption in November 2024 that killed nine people and injured dozens, said Muhammad Wafid, the Geology Agency chief. It also erupted in March.

“An eruption of that size certainly carries a higher potential for danger, including its impact on aviation,” Wafid told The Associated Press from Switzerland where he was attending a seminar. “We shall reevaluate to enlarge its danger zone that must be cleared of villagers and tourist activities.”

The volcano monitoring agency had increased the alert status for Mount Lewotobi Laki Laki to the highest level after an eruption on June 18, and more than doubled an exclusion zone to a 7-kilometer (4.3-mile) radius since then as eruptions became more frequent.

After an eruption early last year, about 6,500 people evacuated and the island’s Frans Seda Airport was closed. The airport has remained closed since then due to the continuing seismic activity.

The 1,584-meter (5,197-foot) mountain is a twin volcano with Mount Lewotobi Perempuan in the district of Flores Timur.

Monday’s eruption was one of Indonesia’s largest volcano eruptions since 2010 when Mount Merapi, the country’s most volatile volcano erupted on the densely populated island of Java. That eruption killed 353 people and forced over 350,000 people to evacuate affected areas.

Indonesia is an archipelago of more than 280 million people with frequent seismic activity. It has 120 active volcanoes and sits along the “Ring of Fire,” a horseshoe-shaped series of seismic fault lines encircling the Pacific Basin.

This post appeared first on cnn.com

The owners of a pet lion that jumped a wall and attacked a woman and two children in the Pakistani city of Lahore have been arrested.

The woman and her two young children, aged 5 and 7, were taken to hospital, after being attacked in an alleyway when the lion escaped from a farmhouse in the neighborhood of Johan town on Thursday.

Security camera footage released by police showed the lion leaping over a concrete wall and pouncing on a woman from behind, knocking her to the ground. A man can be seen running out of the property the lion escaped from with an object in hand and chasing the lion away from the woman, before the wild cat takes off further down the road where the children were attacked.

They sustained injuries to their faces and arms but are now in stable condition, according to the Associated Press news agency.

Lahore police said in a video posted to social media that the lion had escaped from an open cage at the farmhouse and that it was recaptured by the owners, who promptly put it in a vehicle and went into hiding in another district.

Muhammad Faisal Kamran, Deputy Inspector General of Lahore Police Operations, said three people were arrested on Friday morning. “We’ve also captured the lion and transferred it to Wildlife authorities,” Kamran said.

Lahore police shared an image of three men in a police cell and video of the lion in a cage.

Owning wild cats as pets is seen as a status symbol in Pakistan and is not uncommon, but a license is required, and large cats must be kept outside city limits.

“This unfortunate incident highlights how wild animals are often kept in such places without a license, or permission — with no legal procedures followed — endangering the lives of many people,” Kamran said.

The Punjab government announced Sunday that it was undertaking a province-wide crackdown on those keeping lions without a license. So far, 13 lions have been captured and five individuals arrested in connection with violating wildlife regulations.

This post appeared first on cnn.com

I like to trade stocks that are relative leaders and belong to industry groups that are leaders as well. For the past 2-3 months, much has been written about and discussed with respect to semiconductors ($DJUSSC), software ($DJUSSW), electrical components & equipment ($DJUSEC), electronic equipment ($DJUSAI), recreational services ($DJUSRQ), travel & tourism ($DJUSTT), etc. These groups were laggards prior to showing absolute and relative strength and, many times, it’s the absolute strength (think breakout) that triggers money flows into that particular area of the market.

With that in mind, where’s one area that we could see upcoming strength during the summer months?

Computer Hardware

I know this group has been out of favor, but that seemed to change last week:

Its absolute downtrend seems to have been broken and we saw a glimpse of solid relative strength. Seasonality also leads me to believe that this run could very well just be getting started. Check this out:

Over the past 20 years, the DJUSCR has crushed the S&P 500 during the months of July and August. It’s easily been the group’s best two calendar months historically. These two months have consistently been great months for computer hardware stocks as they’ve each gained ground in roughly 3 out of every 4 years. Apple, Inc. (AAPL), the leading computer hardware stock, absolutely loves the months of July and August.

I expect last week’s rally to continue right up to AAPL’s earnings report on July 31st, and possibly beyond.

I’ll be featuring one other computer hardware stock in our FREE EB Digest newsletter on Monday morning that has CRUSHED the S&P 500 during July and August historically and it boasts one of the strongest charts in technology since the April low. If you’re not already an EB Digest subscriber, simply CLICK HERE to provide your name and email address. I’ll get that chart out to you first thing tomorrow morning!

Happy trading!

Tom


Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to update shareholders on the on-going surface exploration in preparation for drilling at the La Union Gold-Silver Project in Sonora, Mexico. Questcorp has an Option earn a 100% interest from Riverside Resources Inc. in the 2,520 ha (25 km sq) property by making a series of cash payments and share issuance and completing a series of exploration expenditures.

Questcorp President & CEO, Saf Dhillon, stated: ‘We are pleased with the progress Riverside has made as we complete the preliminary exploration steps, in finalizing our drill targets for the upcoming maiden drill program at La Union. The decades of in country exploration experience that John-Mark and his Riverside team diligently bring to focus at the La Union project is very evident as they continue to further de-risk the up-coming 1,500 metre drill program.’

Figure 1: Cross section IP with interpreted structures and targets from Union new Induced Polarity geophysics survey.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/257897_4d60e7d2c4556af9_001full.jpg

La Union operator Riverside Resources has successfully completed two IP lines over the La Union and La Union Norte mines respectively, highlighting chargeability and resistivity features at depth which will guide the placement of the first ever drill holes on the property, as well as correlating with mapped mineralized zones and former workings.

A drone magnetic survey was flown over the property to provide structural context, follow up potential intrusive feeders and provide information about potential faults beneath the pediments and post-mineral young cover units.

Ongoing surface geochemistry and mapping continues to strengthen the targeting pipeline, particularly across exposed gold-rich manto zones and along the margins of shallow post-mineral gravel pediment cover. These efforts are focused on delineating the transition zones from covered to exposed mineralization and establishing structural controls that may influence ore continuity at depth.

The La Union Project

The La Union Project is a carbonate replacement deposit (‘CRD’) project hosted by Neoproterozoic sedimentary rocks (limestones, dolomites, and siliciclastic sediments) overlying crystalline Paleoproterozoic rocks of the Caborca Terrane. The structural setting features high-angle normal faults and low-to-medium-angle thrust faults that sometimes served as mineralization conduits. Mineralization occurs as polymetallic veins, replacement zones (mantos, chimneys), and shear zones with high-grade metal content, as shown in highlight grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides, consistent with a CRD model (see the technical report entitled ‘NI 43-101 Technical Report on the Union Project, State of Sonora, Mexico’ dated effective May 6, 2025 available under Questcorp’s SEDAR+ profile). These targets also demonstrate intriguing potential for large gold discoveries potentially above an even larger porphyry Cu district potential as the Company’s target concept at this time.

Questcorp cautions investors grab samples are selective by nature and not necessarily indicative of similar mineralization on the property.

Riverside, the operator of the La Union Project, is currently lining up the various geophysical contractors to immediately undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets.

The technical and scientific information in this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a director of the Company and a ‘qualified person’ under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Questcorp Mining Inc.

Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

Contact Information

Questcorp Mining Corp.
Saf Dhillon, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Riverside’s arrangements with geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257897

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Thousands of people gathered in India’s Dharamshala on Sunday to celebrate the 90th birthday of the Dalai Lama – a key milestone in the life of the spiritual leader and Nobel Peace laureate known for his message of compassion and his quest for greater freedoms for Tibet under Beijing’s rule.

Undeterred by heavy monsoon rain and thick fog, crowds dressed in their finery packed the narrow streets from early morning and queued in droves hoping to catch a glimpse of the Dalai Lama at the Tsuklakhang Tibetan Buddhist complex.

Hundreds of hopeful attendees were left waiting to see if they would be allowed into the temple which reached full capacity before the festivities began, and was heavily manned by Indian police and security personnel.

Masked dancers in traditional outfits twirled to the sounds of gongs, pipes and horns as the Dalai Lama was led into the complex by two attendants.

Indian government ministers were set to attend the cutting of the celebratory cake, as well as Hollywood actor Richard Gere, a longtime supporter of the Dalai Lama.

The gathering marked the culmination of a days-long celebration that brought supporters and spiritual heads to the small city in India’s Himalayan foothills, which has served as the seat of the Tibetan government-in-exile and home of the Dalai Lama since he fled Tibet during a failed 1959 uprising against Chinese communist rule.

Many had traveled far to join the celebration, such as Namgyal Dorjee Gongpa, from New Jersey in the United States.

“Every year, we take trips to India, which is the epicenter of the exile Tibetan setup so that my kids who are born in a foreign country… get back to their roots and learn and live their culture. So this is a great occasion because we can all take part in the celebration of His Holiness the Dalai Lama’s 90th birthday.”

In a birthday message on X, the Dalai Lama emphasized the importance of “achieving peace of mind through cultivating a good heart and by being compassionate.” Woven into his reflections was a pledge to continue promoting human values, religious harmony, ancient Indian wisdom and Tibetan culture, which “has so much potential to contribute to the world.”

At a ceremony on Saturday, as attendees prayed for his long life, he assured them of his “great physical condition” and raised his longevity goal to 130, two decades beyond his previous prediction.

While crowds gathered to celebrate his life, this year’s festivities carry heightened significance as a stage for the charismatic leader to address the looming question of what happens after his death.

Reincarnation

In a video message to religious elders on Wednesday, the Dalai Lama announced that he will have a successor after his death, and affirmed that his office has the “sole authority” to recognize his future reincarnation.

“No one else has any such authority to interfere in this matter,” the Dalai Lama said in his recorded message.

The statement sets the stage for a struggle over his succession between Tibetan Buddhist leaders in exile and China’s atheist Communist Party, which insists it alone holds the authority to approve the next dalai lama.

The Dalai Lama’s announcement was welcomed by many Tibetan Buddhists, who had been waiting for his decision on whether the centuries-old institution would end with his death – a question he had earlier said he would re-evaluate around his 90th birthday.

“I feel that he has thoughtfully considered the future and made it clear that the decision will be guided by the Tibetan people and Buddhist traditions and not by any external political interference,” she added.

“At the same time, like many Tibetans, I do have concerns about China’s attempts to politicize the reincarnation process by potentially appointing its own dalai lama… Their appointment of a dalai lama would not only be a distortion of our faith but also a strategy to undermine Tibetan identity.”

Tibetan Buddhists believe in the circle of rebirth, and that when an enlightened spiritual master like the Dalai Lama dies, he will be able to choose the place and time of his rebirth through the force of compassion and prayer.

But the religious tradition has increasingly become a battleground for the control of Tibetan hearts and minds, and experts expect that Beijing will seek to establish its own dalai lama after the current one – part of the party’s campaign to “sinicize” religion to ensure it aligns with Communist Party leadership and maintain its tightening grip over Tibet.

The Dalai Lama has previously stated that his successor will be born in the “free world” outside China, urging his followers to reject any candidate selected by Beijing.

Asked about the Dalai Lama’s latest statement on his reincarnation, a spokesperson for the Chinese Foreign Ministry on Wednesday reiterated Beijing’s long-held stance that the spiritual leader’s reincarnation must comply with Chinese laws and regulations, with search and identification conducted in China and approved by the central government.

Beijing has long sought to discredit the Dalai Lama and claims he is a dangerous “separatist.”

Since the 1970s, however, the Dalai Lama has maintained that he no longer seeks full independence for Tibet, but “meaningful” autonomy that would allow Tibetans to preserve their distinct culture, religion and identity. His commitment to the nonviolent “middle way” approach has earned him international support and the Nobel Peace Prize in 1989.

As China’s political and economic clout has grown, however, the Dalai Lama’s global influence appears to be waning, especially as old age makes it difficult to sustain his extensive globe-trotting. The spiritual leader has not met a sitting US president since Barack Obama in 2016, after numerous visits to the White House since 1991.

On his birthday, however, heartfelt messages poured in from world leaders, politicians, lawmakers and artists in a video compiled by Tibet TV, run by the Tibetan government-in-exile.

Obama wished a “very happy birthday to the youngest 90-year-old I know,” and thanked the Dalai Lama for his friendship.

“You’ve shown generations what it means to practice compassion and speak up for freedom and dignity. Not bad for someone who describes himself as a simple Buddhist monk,” he added.

Former US President Bill Clinton described the Dalai Lama as “one of the world’s greatest voices for peace, for dialogue, for understanding” whose teachings have “inspired millions to follow in your footsteps.”

He added: “In a time when we see the forces of division tearing at the fabric of our common humanity, we need your wisdom more than ever to remind us that what we share is more important than our interesting differences.”

Indian Prime Minister Narendra Modi said in a statement on X: “I join 1.4 billion Indians in extending our warmest wishes to His Holiness the Dalai Lama on his 90th birthday.

“He has been an enduring symbol of love, compassion, patience and moral discipline. His message has inspired respect and admiration across all faiths. We pray for his continued good health and long life.”

But in Dharamshala, the Dalai Lama’s life and legacy were center stage on Sunday, a day Nyidon said “holds deep spiritual and emotional meaning for our community, symbolizing resilience and hope.”

This post appeared first on cnn.com

The far-right Alternative for Germany (AfD) is now Germany’s largest opposition group and even topped several opinion polls – briefly putting it ahead of now-Chancellor Friedrich Merz’s center-right party – in the weeks after February’s federal election.

At the same time, the AfD is facing growing calls for an outright ban, most recently from another major political party.

In May, the country’s domestic intelligence agency formally classified the AfD as an extremist entity that threatens democracy. In a 1,100-page report, the Federal Office for the Protection of the Constitution, or BfV, also laid out its findings that the party was racist, anti-Muslim, and devaluing of “entire segments” of Germany’s population.

That move, which enables the BfV to better monitor the group , has reignited attempts to impose a ban, despite the party claiming a significant 20.8% of the vote in February’s national election – the best performance by a far-right party in the country since World War II.

The AfD has also enjoyed very vocal support from the Trump administration, with Tesla billionaire Elon Musk – who has since left his position in the Department of Government Efficiency (DOGE) – urging Germans to vote for the party in the run-up to the election. More recently, both US Vice President, JD Vance, and Secretary of State Marco Rubio have criticized Germany’s decision to classify the AfD as extremist.

On Monday, the center-left Social Democratic Party (SPD), which is currently serving as the junior coalition partner in Berlin’s conservative-led government, voted unanimously to begin efforts to outlaw it.

Yet the legal path to banning the AfD is lengthy – and largely unprecedented.

Set up to avoid a repeat of Nazi rule, Germany’s political system operates on the basis of streitbare Demokratie, or “militant democracy,” meaning it is a democracy “determined and able to defend itself.”

In other words, the German state can actively defend itself against internal threats to its democratic principles and constitutional order, including through the banning of political parties.

However, two criteria must be met by Germany’s Federal Constitutional Court to form a legal basis for a ban.

Firstly, the party in question must be found to work against the country’s free democratic order, demonstrating an “actively belligerent, aggressive stance.” Secondly, the party must be popular enough to pose a tangible threat to democracy, a provision created in 2017 and called “potentiality.”

Parties found to meet the first criterion, but not the second, can be prohibited from accessing public campaign financing, but are allowed to continue with other activities.

“The opposite is true: its size demonstrates that it fulfills the criterion of ‘potentiality.’”

To begin the process of banning a party, a formal request must be made to the federal court. This request can only be made by either the government itself, the Bundestag, Germany’s lower house of parliament, or the Bundesrat, the legislative body that represents the country’s 16 regional states.

The court then decides whether to begin proceedings or throw out the application as unsubstantiated.

It must hold a full trial, examining thousands of pages of evidence and hearing witnesses, and considers whether the party violates the constitution in practice, Holterhus explained.

The court can then declare a party unconstitutional. The party would then be dissolved and banned from all political activity. It would also be prohibited from creating any substitute organizations.

At least two-thirds of the court’s justices must be in agreement in order to make the declaration.

In practical terms, if the AfD were to be banned, its sitting lawmakers would receive an automatic loss of mandate at the regional and federal level as well as in the European parliament.

Of the 152 seats the AfD currently has in the Bundestag , 42 are direct seats, where the respective candidates individually won the districts by majority. These 42 districts would need to vote again to fill the seats with new candidates from other parties. The other 110 AfD seats, which are allocated using a party list system, would remain vacant until the next election cycle. Similarly, the AfD’s seats in the European Parliament would remain vacant.

In either case, this would result in a shifting of the majority ratio, meaning that the seats of all other parties would gain a higher significance.

The German Federal Constitutional Court has only banned two parties in the country’s history – and both were in the early postwar years. The Socialist Reich Party (SRP), a successor to the Nazi Party, was outlawed in 1952. Four years later, in 1956, the far-left Communist Party of Germany (KPD) was also banned.

Repeated attempts – in 2003, 2016 and 2021 – to ban the neo-Nazi National Democratic Party of Germany (NPD) have failed. Although the court in 2017 openly acknowledged the party was unconstitutional, it found that it didn’t pose a significant threat to the constitutional order. In January 2024, the court approved the freezing of the NPD’s state funding for six years.

Overall, Holterhus believes that it is difficult to impose a ban on a political party in Germany. “A party ban is considered a measure of last resort against the enemies of a democracy,” he said.

Adding fuel to the fire?

The rise of the AfD has triggered widespread unease, with protesters calling for it to be outlawed – most notably in early 2024, when tens of thousands of demonstrators descended on cities across Germany after it emerged that senior AfD party members had discussed a plan to deport migrants en masse.

Yet German lawmakers remain divided over the issue, with some fearing the move could backfire and fuel far-right sympathies.

Pointing to its classification as a right-wing extremist organisation, SPD co-leader Lars Klingbeil told party members at a conference Monday that efforts to ban the AfD should begin.

“The moment the domestic intelligence agency says this is a confirmed right-wing extremist party, there can be no more tactics,” he said.

Yet Merz’s Christian Democratic Union (CDU) – which leads Germany’s coalition government – is hesitant.

German Interior Minister Alexander Dobrindt, a member of the Christian Social Union (CSU) – the CDU’s Bavarian sister party – poured cold water on the SPD’s motion. Speaking to German news podcast “Table. Today,” he said that “decisions made at the SPD party conference are not yet a mandate for the interior minister.”

Merz has himself expressed caution over the move, telling newspaper Die Zeit in May that he is “skeptical” of procedures to ban political parties.

The AfD’s unparalleled public approval, not to mention support from the Trump administration, a powerful transatlantic ally, means its prohibition could have significant reverberations.

Some opinion polls found that, in the weeks after the Germany’s election , support for the AfD had crept up even higher than its 20.8% official result, briefly making it the most popular party in the country.

National polling agency Forsa in April found that the AfD was polling at a record 26% – putting it two percentage points higher than the CDU, on 24%. Currently, Forsa shows the AfD at 24% – four points behind the CDU.

With the AfD’s support reaching such heights, Holterhus sees a risk of creating a “martyr effect” in the case of a ban, with the AfD “staging itself as a victim of political opponents.” This, he said, could result in further radicalization of some of its supporters and even politically motivated violence.

Lengthy legal proceedings, he said, could further heighten the AfD’s platform while the move also risks the “wrath” of the Trump administration and could play into the populist narrative of an “undemocratic Europe.”

This post appeared first on cnn.com

The stock markets had a dynamic start to the third quarter, pushing indices to new highs after earlier tariff concerns.

On Monday (June 30), markets generally saw strong gains, with the S&P 500 (INDEXSP:INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) reaching new record highs in the US while the S&P/TSX Composite Index (INDEXTSI:OSPTX) climbed higher after a last-minute policy reversal to rescind a planned digital services tax targeting US tech firms.

Tuesday (July 1), Canadian markets were closed for Canada Day. As for US markets, following two consecutive days of highs, the S&P and Nasdaq declined on Tuesday (July 1) after a renewed feud between Tesla (NASDAQ:TSLA) CEO Elon Musk and US President Donald Trump sent Tesla shares down by over 5 percent.

However, tech stocks boosted the performance of both Canadian and US markets on Wednesday (July 2) and Thursday (July 3) after export restrictions to China were lifted and the US labor market reported better-than-expected unemployment data.

US markets were closed on Friday (July 4) for a holiday, while Canadian markets ended the day slightly positive.

1. Meta announces AI restructure, continues talent acquisition

Last weekend, reports surfaced that Meta Platforms (NASDAQ:META) has hired four additional researchers from OpenAI, bringing the total number of high-profile AI talent poached from other tech labs to 13, according to a tweet from former Scale AI CEO Alexandr Wang, who was recently recruited as Meta’s Chief AI Officer.

Then, in an internal memo to employees on Monday, Meta CEO Mark Zuckerberg unveiled the company was restructuring its AI division under the name Meta Superintelligence Labs. According to the memo, which was reviewed by Bloomberg, the new division will be led by Wang and one of its commitments is ‘developing AI ‘superintelligence’ or systems that can complete tasks as well as or even better than humans.’

Meta has reportedly offered researchers contracts and signing bonuses worth up to US$100 million; however, Chief Technology Officer Andrew Bosworth has pushed back on those reports, claiming the figures are inflated.

Helen Toner, a former OpenAI board member and director of strategy at Georgetown’s Center for Security and Emerging Technology, told Bloomberg TV’s Haslinda Amin on Thursday that Meta’s bid to become an AI leader would be “difficult” considering its track record of internal dysfunction and questions around the return on its massive talent spending.

“Meta has started to get a reputation of having a little bit of a dysfunctional AI team, not really having its organizational structure set up in a way that really lets them succeed and innovate. And what I think we’re seeing here is CEO Mark Zuckerberg really stepping in and saying, well, we have to do something differently. We need a big new push, we need a big new effort,’ she said.

‘I think (Meta is) really trying to start something new, to pour enormous amounts of financial resources into that. So the question (to watch) is six months from now, 12 months from now, is that paying off for them?’

2. Apple considers third-party AI for Siri overhaul

Apple (NASDAQ:AAPL) is reportedly in active discussions with Anthropic and OpenAI to integrate their foundation models into an overhauled version of its voice assistant Siri, a significant pivot from the company’s in-house approach to AI. According to people familiar with the discussions who spoke to Bloomberg, Apple has asked both companies to train versions of their models that could be tested on Apple’s infrastructure, the publication reported Monday.

Apple announced plans to release a new version of its voice assistant at its Worldwide Developers Conference in 2024. The release was slated for 2026, but the company has run into multiple engineering snags and delays, and ultimately replaced John Giannandrea with Mike Rockwell as the new Siri chief executive.

Rockwell and software engineering head Craig Federighi launched an evaluation, instructing staff to assess Siri’s performance using third-party tech, including Anthropic’s Claude, OpenAI’s ChatGPT and Alphabet’s (NASDAQ:GOOGL) Gemini.

According to Bloomberg’s sources, the team found Anthropic’s technology most promising for Siri, leading Apple’s vice president of corporate development to open discussions with Anthropic.

Bloomberg’s sources maintain that the development of an in-house model is still active, and Apple hasn’t made a final decision on using third-party models.

Apple shares closed up 6.24 percent for the week.

Apple’s share price performance, June 30 to July 3, 2025.

3. Oracle and OpenAI ink massive computing deal

OpenAI will rent roughly 4.5 gigawatts of computing power from Oracle (NYSE:ORCL) as part of the Stargate Project, according to sources for Bloomberg. The news follows a US$30 billion single cloud deal announced on Monday with an unnamed customer.

The Stargate energy deal is reportedly a component of that larger contract.

Sources added that Oracle will develop multiple data centers in the US, considering sites in Texas, Michigan, Wisconsin and Wyoming, and that the company will expand its recently built center in Abilene, Texas, to accommodate about two gigawatts of power capacity.

This collaboration underscores the escalating demand for high-performance computing necessary to train and operate advanced AI models. OpenAI, a leader in AI research and development, requires immense computational resources to fuel its projects, including large language models and other sophisticated AI applications.

The Stargate initiative positions Oracle as a crucial enabler of this next generation of AI innovation, solidifying its role in the evolving cloud and AI ecosystem. The long-term implications of this partnership could see a significant shift in how AI companies acquire and manage their computational infrastructure, potentially paving the way for more dedicated and extensive cloud partnerships in the future.

Oracle’s share price performance, July 1 to July 3, 2025.

4. CoreWeave deploys first Nvidia GB300-powered AI server

CoreWeave (NASDAQ:CRWV) said it has received the first AI server system built around NVIDIA’s (NASDAQ:NVDA) ultra-powerful GB300 Grace Blackwell AI chip.

The server is deployed within Dell’s (NYSE:DELL) integrated rack-scale system — a turnkey AI infrastructure platform combining compute, networking and cooling — and features 72 of Nvidia’s GB200 chips.

CoreWeave said it will install the cutting-edge hardware in the US and roll out more servers over time. The company will offer the server as part of its AI cloud platform, allowing clients like OpenAI to train and deploy massive, next-generation AI models with faster speeds and greater efficiency.

In the announcement, CoreWeave claimed the NVIDIA GB300 NVL72 significantly boosts AI reasoning performance, offering a 10 times improvement in user responsiveness and five times better throughput per watt than the Hopper server. This translates to an increase of fifty times in reasoning model inference output, enabling faster, more complex AI models.

5. US lifts EDA software export restrictions to China

License requirements for design software sales in China were lifted this week as part of a trade deal between the US and China.

On July 2, the US Commerce Department told Synopsys (NASDAQ:SNPS), Cadence Design Systems (NASDAQ:CDNS) and Siemens (XETR:SIE), three of the world’s leading design software providers, that they would no longer need to seek government licenses to conduct business in China.

Official announcements from the companies confirmed they would be resuming business with Chinese counterparts, sending each of their stock prices up between 3 and 6 percent.

The US government restricted sales of electronic design automation (EDA) tools to China in late May as a response to China’s decision to limit shipments of essential rare earth minerals. Last week, the two countries reached a trade agreement that would re-allow shipments of EDA software after Beijing speeds up approvals of critical mineral exports to the US.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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A man set the door of a synagogue alight and a group of protesters stormed an Israeli restaurant in Melbourne on Friday night, the latest in a wave of antisemitic attacks in Australian cities.

About 20 people were inside the synagogue in the downtown area of East Melbourne when a man poured flammable liquid on the front door of the synagogue on Albert Street before setting it on fire, Victoria state police said.

The group was having Shabbat dinner, marking the beginning of the Jewish day of rest, when the attack took place at 8 p.m. local time, Alex Ryvchin, the co-CEO of the Executive Council of Australian Jewry (ECAJ), wrote on X.

No one was injured and firefighters extinguished the small blaze, police said, adding that the perpetrator, who remains unidentified, fled the scene.

Just over 1 kilometer to the west on Hardware Lane – one of the city’s most popular areas for restaurants and nightlife – about 20 protesters stormed into an Israeli restaurant, chanting slogans, police said. A 28-year-old was arrested for hindering police, and has been released on a summons.

Speaking at a press briefing, Acting Commander Zorka Dunstan of Victoria state police said officers were also investigating a third attack early Saturday morning in which three cars were set on fire near a business in the northeastern suburb of Greensborough.

Suspects spray-painted the cars and the walls of the buildings, she said, adding that the business has been targeted by pro-Palestine protesters in the past.

The security investigation unit, part of the counter-terrorism command, is investigating all the incidents, though police have yet to declare whether they constitute a terrorism incident, Dunstan said.

“We will examine the intent and the ideology of the persons or person involved,” she said.

Many among Australia’s 117,000-strong Jewish population are anxious after spate of antisemitic attacks in the country’s two biggest cities, Sydney and Melbourne, since late last year – including arson attacks on synagogues, and swastikas scrawled on buildings and cars.

The latest attacks drew condemnation from officials and community leaders on Saturday.

Denouncing the synagogue attack on X Saturday, Premier of Victoria Jacinta Allan said it was “designed to shatter…peace and traumatize Jewish families.”

“That it happened on Shabbat makes it all the more abhorrent,” she added, noting that children and women were among the people present at the venue.

“Any attack on a place of worship is an act of hate, and any attack on a Jewish place of worship is an act of anti-Semitism,” she said.

Melbourne’s Lord Mayor Nicholas Reece described the attack as “shocking,” according to Nine News.

“I cannot condemn this sort of behavior in stronger terms… this is a city of peace and tolerance, and we will not stand for this,” he said.

Ryvchin, from the ECAJ, urged the nation to condemn “these deplorable crimes.”

“Those responsible cannot be reasoned with or appeased. They must be confronted with the full force of the law,” he wrote on X.

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As Denmark takes over the presidency of the European Union, Danes are more strongly pro-European than at any time in the past two decades – a shift in sentiment that can at least partly be attributed to US President Donald Trump.

An eye-opening survey published in March by Berlingske, a Danish daily newspaper, said 41% of Danes now see the United States as a threat. It also said 92% of respondents either “agree” or “mostly agree” that the Nordic nation needs to rely more on the European Union than the US for its security.

Given the recent tensions between Washington and Copenhagen, those statistics may not be surprising.

Since his return to the White House, Trump has spoken frequently and aggressively about Greenland, an autonomous crown dependency of Denmark, saying he would like the US to own it.

Vice President JD Vance and members of the Trump family have made what many see as provocative trips to and statements about the world’s largest island.

After Vance’s visit to the US military’s Pituffik Space Base in Greenland in March, Danish Prime Minister Mette Frederiksen pushed back on his claim that Denmark isn’t doing enough for defense in the Arctic, calling her country “a good and strong ally.”

Back in Trump’s first administration, too, Greenland was a hot topic. In 2019, he reportedly accused Frederiksen of making a “nasty” and “absurd” statement in discussions about the island.

Sinking trust in Trump

“Now we have a different Denmark,” she said.

“Things have dramatically changed in Denmark and our attitude toward Europe,” she said, without mentioning the president’s name directly.

She was also very clear that Denmark feels a sense of disappointment in its longtime ally.

Denmark would still like to have a strong relationship with the US, Bjerre said, “but in a situation where the US is closing itself more around itself… is threatening us with tariffs and also criticizing Europe, our freedom of expression and all sorts of other things. Of course, in that situation, we have to be stronger on our own.”

She added, “The world order, as we have known it since the Second World War, is changing and we have to deliver to that geopolitical new situation that we are standing in.”

The minister also referenced the historic ties and shared past experiences of both nations, expressing a degree of frustration, if not anger, about how that relationship has changed.

“You could not put a paper in between the US and Denmark, we have always supported the US. We went into war with our soldiers in Iraq and Afghanistan… Seeing us, as a country, being criticized for not being a good ally, of course, that does affect our opinion,” Bjerre said.

Per capita, Denmark lost the second-highest number of soldiers of all the US-led coalition partners fighting in Afghanistan. In total, 43 Danish soldiers died, equating to 7.82 deaths per million citizens. The US, by comparison, lost 7.96 soldiers per million.

“We used to be a very, very transatlantic country… that has plummeted,” said Friis. “There is now the feeling… we simply cannot trust him,” she said – the “him” being Trump.

‘Huge’ change in tone

The shift in Danes’ opinions coincides with Denmark taking up the rotating, six-month EU presidency.

Denmark has long worried about the EU wading into Danes’ lives, fearing in particular for its relatively unregulated labor market. It has various opt-outs on EU policy, including not joining the EU’s single currency, the euro.

“We do things differently to other European nations,” said Bjerre.

Politicians and citizens used to fear that the EU “would become too dominating and too powerful,” Friis said, but now “the fear is the complete opposite.” Danes feel the bloc is “too weak” to deal with Putin to the East and Trump to the West, she said.

Friis also described the prime minister’s shift in tone as “huge,” saying Frederiksen used to be “very skeptical towards the EU.”

In June, Frederiksen announced that Denmark was quitting the so-called “Frugal Four,” an informal group of EU nations that had pushed to limit common spending, saying that “the most important thing is to rearm Europe.”

Laying out Denmark’s priorities for the EU presidency later that month, she reiterated that view, saying: “Now more than ever Europe needs to step up and stand together. We have to build an even stronger Europe, a more secure Europe where we are able to protect our democracies.”

EU-commissioned, biannual polls show a clear trend of increased trust in the EU over the past two decades, rising from 46% in spring 2005 to 74% this past spring. Steeper increases can be seen during Trump’s first term, after Russia’s full-scale invasion of Ukraine, and as Trump’s second term began.

The war in Ukraine has had a significant influence on Danish views on the EU, Friis said.

“The very fact that you had a war in our backyard has sort of created a completely new sort of atmosphere around security in Denmark, people are worried. People are prepping now because they’re scared about what could happen also to our own security,” she said.

Bjerre said Copenhagen’s EU presidency would prioritize a “stronger Europe and a changing world,” with Europe having a real focus on security.

Denmark takes the European helm, then, at a time of increasingly pro-European sentiment among its own population and a wider recognition in Europe that it must do more to stand on its own. The problem is that some of Europe’s most pressing issues – Ukraine, trade tariffs and security – mean talking to the US and Trump. And at the moment, there may not be much love lost between the two.

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