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The United States conducted new airstrikes against Iran in retaliation for recent Iranian attacks on U.S. military bases in Jordan. This escalation follows reports of Jordan intercepting five Iranian missiles and a drone attack causing fires at Egypt's Damietta port, indicating a widening conflict across the Middle East.

Thousands of migrants have breached Morocco's border with Spain's North African enclave of Ceuta, leading to what officials describe as "absolute chaos." Spain has announced it will deploy its military to help restore order and secure the border after local authorities requested reinforcements.

The U.S. economy grew at an annualized rate of 1.5% in the second quarter of 2026, below economists' expectations of 2.1%. This slowdown comes as the Federal Reserve, under Chairman Kevin Warsh, decided to keep the federal funds rate unchanged for the fifth consecutive meeting, despite lingering inflation concerns.

Microsoft shares surged after reporting stronger-than-expected Q2 profits, with significant growth in its Azure cloud business attributed to AI adoption. Meanwhile, Apple announced its fiscal 2026 third-quarter results, posting record revenue, and Amazon also released its second-quarter financial results, with AWS booming.

The U.S. Trade Representative (USTR) has finalized and imposed new Section 301 tariffs on imports from 60 countries. These tariffs, which took effect on July 24, 2026, are a result of investigations into those countries' efforts to prohibit products made with forced labor, replacing earlier temporary tariffs.