Plus, Big Tech data centers drive up power bills in America's Rust Belt.

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Daily Briefing

Daily Briefing

By Kate Turton

Hello. Bombs explode near a hotel ‌in Damascus where French President Emmanuel Macron had spent the night, Big Tech data centers are driving up power bills at America's Rust Belt factories, and the US crashes out of the World Cup as a storm over Trump interference overshadows the tournament.

Plus, Cuban zookeepers celebrate the birth of Bengal tigers against all odds.

Today's Top News

 

A vehicle carrying coffins of Iran's late Supreme Leader Ayatollah Ali Khamenei and his family members. Tehran. Office of the Iranian Supreme Leader/ Handout via REUTERS

  • The funeral of late Iranian Supreme Leader Ayatollah Ali Khamenei was more than a national farewell. The sea of mourners in Tehran sent a message to the United States and Israel that their attempt to break the Islamic Republic had failed.
  • Bombs exploded near the hotel where Emmanuel Macron was staying in Syria, a security source said, but the French president did not hear the explosions, the Elysee said, and he met Syrian President Ahmed al-Sharaa soon afterwards.
  • Russia hammered Kyiv and the surrounding region with missiles and drones, killing at least ‌28 people and exposing Ukraine's critical shortage of US-made air-defence interceptors, officials said.
  • NATO leaders plan to unveil arms deals worth tens of billions of dollars in Ankara to show they are heeding US calls to spend ‌more to defend Europe before joining President Donald Trump for a summit.
  • Italy's defence minister stressed the importance of good transatlantic relations after Trump again goaded erstwhile ally Giorgia Meloni, the ‌Italian prime minister.
  • In Iowa and other battleground states, Democrats are campaigning against Republican-backed cuts to Medicaid – the health program for low-income Americans – and rising costs, while Republicans argue their policies will curb waste and lower expenses.
  • Democratic Party leaders called on Graham Platner to withdraw as their nominee to run against Republican US Senator Susan Collins of Maine, following media reports that a woman accused him of forcibly having sex with her nearly five ‌years ago.
  • Trump's phone call to FIFA got Folarin Balogun back on the field — but the US still crashed out of the World Cup losing 4-1 to Belgium and FIFA is now facing a crisis over its independence. Executive Producer Leela de Kretser tells the Reuters World News podcast the fallout from this decision is only just beginning.
 

Business & Markets

 
  • A shortage of critical minerals is starting to affect the broader Japanese economy, adding a sense of urgency for Prime Minister Sanae Takaichi's government to find alternatives to exports that China has cut off, according to recent ‌corporate filings.
  • Analysts say China's gig economy has become a crucial employment buffer as the property crisis wipes out construction jobs and manufacturers shed workers through automation and cost-cutting amid tariffs, overcapacity and price wars.
  • Samsung flagged a 19-fold jump in second-quarter operating profit, surpassing its combined earnings over the past three years, but investors wiped more than $80 billion off its market value on ‌concerns over how long the AI bonanza will last.
  • The US cyber defense agency CISA is using Anthropic's AI model Mythos to audit government software — another sign of government enthusiasm for adopting the AI startup's tools even as the company navigates an ongoing standoff with the White House.
  • Chinese authorities have held meetings with top tech firms over the past month about potentially restricting overseas access to China's most advanced AI models, including those yet to be released, three people familiar with the discussions said.
  • Saudi Arabia is considering expanding the capacity of its crude oil pipeline to the western Red Sea coast, five sources close to the matter said, enabling the kingdom and possibly neighbors ‌to transport more oil without crossing the Strait of Hormuz.
 

Big Tech data centers are driving up power bills at America's Rust Belt factories

 

For years, electricity costs for the Belden Brick Company in Sugarcreek, Ohio, had been relatively stable. Last year, they surged by 90% — largely because of rising power demand from data centers in the region.

The 141-year-old brick manufacturer, whose products can be found in iconic buildings including the Texas Alamo and Notre Dame University, is seeing power bills rise mainly from a monthly capacity charge, which recently jumped from $1,600 a month to $12,000.

Belden Brick is among many manufacturers across America’s heartland where costs are rising as power-hungry data centers serving the artificial intelligence industry ‌proliferate.

Read more
 

And Finally...

A white Bengal tiger cub looks on next to its sibling at Cuba's National Zoo in Havana, Cuba, July 3, 2026. REUTERS/Norlys Perez

For Cuban zookeeper Ángel Cordero, the sight of four Bengal tiger cubs playing in a cage at the Cuban National Zoo is a small miracle on an island stifled by shortages of ‌fuel, medicine and days-long power outages.

The birth of these endangered big cats — including an exceedingly rare white tiger — has revitalized a team of zoo workers, he says, who arrive daily to feed nearly a thousand animals.