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Massie Calls GOP’s Obamacare Stance ‘Trumpcare’ as Premiums Rise 14%—July 9
Kentucky Rep. Thomas Massie says GOP has made no serious effort to repeal Obamacare, calling it ‘Trumpcare.’ ACA premiums set to rise 14% in 2027.
Malaysia Denies Jho Low Return; MACC Keeps Probe Active—July 10
Malaysia denies fugitive Jho Low entered country for 1MDB talks. MACC says probe into the US$4.5 billion scandal remains active. Government has recovered RM31.3 billion in assets so far.
RBNZ Raises OCR to 2.5% on July 8: First Hike Since 2023
RBNZ raises official cash rate to 2.5% from 2.25%, the first hike since May 2023. Banks increase floating rates by 25 basis points. Fixed rates had already risen 70 basis points.
Night-shift nurse wins S$1,536 court award in HDB aircon dispute—July 10
HDB tenant wins S$1,536 court award after landlord tried to restrict daytime aircon use. Tribunal found no contractual breach and rejected landlord’s electricity cost argument.
Yen hits 162 per dollar on July 9, weakest in 39 years
Japanese yen falls to 162 per dollar, weakest since 1986. Government intervention of 11.7 trillion yen in April-May failed to sustain gains. Analysts warn 170 yen possible if Japan’s competitiveness gap widens.
Vedanta Oil & Gas Falls 9.5% on Q1 Production Update—July 10
Vedanta Oil & Gas shares fell 9.5% on July 6 after Q1 production update. The demerged entity faces headwinds from MSCI deletion and passive fund outflows amid broader Vedanta Group volatility.
KOSPI Enters Bear Market: South Korea’s AI Stock Boom Cracks on July 9
KOSPI drops 20% into bear market as Samsung and SK Hynix tumble on AI spending doubts. Index still up 73% YTD but faces profit-taking after record rally.
Former Olympian Pleads Not Guilty in Lincoln Memorial Pool Lawsuit—July 9
Former Olympic canoeist David Hearn pleads not guilty to damaging the Lincoln Memorial Reflecting Pool on July 9. The felony charge carries up to 10 years in prison and has drawn criticism as political scapegoating.
Canada Fights Trump’s 10% Forced Labour Tariffs on July 9, 2026
Canada rejects Trump’s proposed 10% forced labour tariffs, citing new legislation. Democratic AGs call the tariffs unlawful. USTR launched Section 301 investigations in March 2026.