Canada picks Germany’s TKMS for new submarines
The German-owned naval shipbuilder made the bid with NATO ally Norway, beating out South Korea’s Hanwha Ocean.
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US job growth slows in June; hospitality sheds roles despite World Cup
Labour force participation dropped to its lowest level since March 2021, reaching 61.5 percent in June.
EXPLAINER
With Hormuz reopened, has the oil shortage turned into a glut?
As flow resumes through the strait, an oil surplus may yet again destabilise global energy markets.
![FILE PHOTO: Vessels at the Strait of Hormuz, as seen from Musandam, Oman, [Reuters]](https://www.aljazeera.com/wp-content/uploads/2026/07/reuters_6a464d29-1782992169.jpg?resize=770%2C513&quality=80)
EXPLAINER
Why has Trump refused to renew the USMCA, and what will that mean?
Trade ambassador says US will not approve trilateral agreement with Canada and Mexico ‘in its current form’.
German coalition agrees on sweeping reform package in key breakthrough
Under fire amid surge in far right, German chancellor unveils tax and pension reform package in bid to revive economy.
Alibaba to pay $600m to settle illegal drug sales allegations in US probe
E-commerce giant admitted it failed to prevent 80,000 illegal drug product sales, according to US Justice Department.
From: NewsFeed
Russian couple arrested after climbing Empire State Building
Two Russian climbers scaled New York’s Empire State Building on Wednesday as part of a death-defying marriage proposal.
Published On 1 Jul 2026
ANALYSIS
‘Never the same’: How war on Iran changed the global energy sector
Conflict will accelerate shift to renewables and search for alternatives to Strait of Hormuz, energy analysts say.
From: Counting the Cost
Caught between the US and China, can Europe remain competitive?
As trade tensions grow, Europe tries to remain competitive while balancing ties with the US and China.
Published On 1 Jul 2026
EXPLAINER
Who is Vadym Yermolaiev, the Ukrainian tycoon injured in Monaco blast?
Police in Monaco and France are hunting for a suspect seen leaving an explosive device at a residential building.
Southeast Asia’s homegrown artists are knocking K-pop off its pedestal
Drawing lessons from the global success of K-Pop, the region is finding its own voice in a new generation of artists.
