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Thai Sailors Sue Shipping Firm Over Hormuz Attack Deaths
Three Thai sailors seek over 1 million baht each in damages from Precious Shipping after their ship was attacked in the Strait of Hormuz in March, killing three crew members and leaving survivors with PTSD.
OpenAI’s No. 2 Executive Fidji Simo Steps Down After Medical Leave
OpenAI’s Fidji Simo steps down from full-time CEO role after three-month medical leave for POTS, a chronic neuroimmune condition. Her duties split among Greg Brockman, Sarah Friar, and Jason Kwon.
Turkey Spent $120M Rebuilding Airport for Trump’s Qatar Boeing 747
Turkey spent $120 million and eight months rebuilding an entire military airport runway to land Donald Trump’s Boeing 747-8 gifted by Qatar ahead of the NATO summit in Ankara.
SK Hynix Jumps 13% in Record $26.5B US Nasdaq Debut on July 10
SK Hynix raises $26.5B in record US IPO, jumps 13% on first day. Memory chip demand from AI boom drives historic debut, largest foreign listing ever.
Apollo Outbids Castlelake for easyJet at £7.15 Per Share, July 11
Apollo Global Management bids £5.7bn for easyJet at £7.15 per share, beating Castlelake’s £6.90 offer. EasyJet shares jump 16% as takeover battle intensifies.
Bankruptcy Filings Surge 12% in First Half of 2026 as Americans Struggle
Bankruptcy filings jumped 12% in H1 2026 to 310,550 total cases. Small business Chapter 11 filings surged 50% year-over-year, signaling mounting financial strain on households and employers.
China Fires Nuclear Missile From Submarine; Arsenal Tripled to 600 Warheads—July 11
China launched a nuclear-capable intercontinental ballistic missile from a submarine into the Pacific on Monday, the first such test from underwater. Its nuclear arsenal has tripled to over 600 warheads in six years, alarming the region.
Volkswagen Slashes 50% of Models, Cuts 100,000 Jobs by 2030—July 11
Volkswagen plans to slash 50% of its model range and cut 100,000 jobs by 2030 to combat falling profits and Chinese competition. The restructuring faces union opposition after supervisory board rejection on July 10.
SpaceX Stock Falls 26% From Peak as Wall Street Weighs IPO Reality
SpaceX stock dropped 26% from its post-IPO high to $148 after Nasdaq-100 inclusion. Morgan Stanley targets $300, but history shows mega-IPOs average 23% drawdowns in first year.