Daily News Summary – 2026-07-07 – en

Klaus Schwab filed a criminal complaint after a listening device was found in his home office during a routine security sweep. Swiss authorities are investigating the surveillance operation.

Microsoft eliminated 3,200 positions at Xbox, citing unsustainable profit margins and a hardware crisis. Four studios are being spun off, and management is being flattened.

Mount Etna erupted violently on July 5, sending an ash cloud 4,500 meters high. Catania airport was closed for a third day, disrupting thousands of travelers.

The Paris appeals court will rule on Marine Le Pen's five-year electoral ban. If upheld, she cannot run in the 2027 presidential election, paving the way for Jordan Bardella.

Cédric Jubillar confessed from prison to killing his wife Delphine during a marital argument. He has promised to reveal the location of her body, bringing closure to a five-year case.

BRICS Bridge, a cross-border CBDC settlement system, has processed over $55 billion in transactions, bypassing SWIFT and challenging dollar dominance. It allows real-time, low-cost payments.

Since the Strait of Hormuz was disrupted in early March, nearly 1.3 million tonnes of monthly fertilizer shipments have been blocked, triggering price surges and threatening food security.

In early 2026, the global economy faces its most consequential supply chain realignment since the 1970s. China's export controls have caused sixfold price hikes outside China.

In February 2026, the United States and 54 allied nations launched the FORGE initiative, backed by over $30 billion, to reduce dependence on Chinese rare earth processing.

World leaders met in Ankara for the 36th NATO summit, with Trump considering F-35 sales to Turkey and Ukraine pressing for membership. The summit reaffirmed Article 5 commitments.

The Flemish Roads and Traffic Agency is overhauling highway signage, standardizing arrows and replacing green-and-yellow exit signs with more legible black-and-white designs.

In 2026, the AI boom has hit a wall of electricity shortages. Grid interconnection delays and transformer shortages force hyperscalers to build their own power generation.

Prince Harry's privacy lawsuit against Associated Newspapers was dismissed. The judge ruled there was insufficient evidence of unlawful information gathering.

Nigel Farage resigned as MP, triggering a by-election, after controversy over undeclared donations. He denies wrongdoing and plans to stand for re-election.

A 37-story building in Midtown Manhattan buckled during conversion to residential. Two steel columns deformed, leading to evacuations of nearby buildings, including a school.

A municipal bus crashed in a tunnel near a train station in Lisbon, killing two women and critically injuring three. An investigation is underway.