Thailand's Prime Minister Paetongtarn Shinawatra has been suspended by the Constitutional Court over a leaked phone call criticizing the army and siding with Cambodia in a border dispute. The move raises doubts about her survival, the country's economy, and the future of the ruling dynasty. Deputy Prime Minister Suriya Jungrungreangkit now leads a shaky coalition as Thailand faces slow growth, high debt, and an impending threat from US President Donald Trump's tariffs.
https://www.japantimes.co.jp/news/2025/07/02/asia-pacific/politics/thai-leader-suspension-economy/US President Donald Trump has halted shipments of military aid, including Patriot air defense systems, precision artillery, and Hellfire missiles, due to low stock levels. The decision comes amid stalled peace talks between Russia and Ukraine, with Trump seeking a possible ceasefire in Gaza and reducing tensions with Iran. Ukrainian President Volodymyr Zelensky met with Trump at a NATO summit in the Netherlands, where he expressed desperation for the Patriot air defense systems to counter Russian attacks.
https://www.gulftoday.ae/news/2025/07/02/us-halting-some-shipments-of-military-aid-to-ukraineIndia-US trade talks are progressing with hopes of a successful conclusion, requiring "give and take" to find middle ground. US President Donald Trump expressed optimism about reaching a trade deal that would benefit American firms in India, potentially lowering tariffs for New Delhi. However, he cast doubt on meeting the July 9 deadline for higher levies with Japan. The US and India also discussed defence ties, with Defence Secretary Pete Hegseth expressing hope to complete pending defence sales and expand cooperation efforts.
https://www.ndtv.com/world-news/us-marco-rubios-big-praise-for-busy-man-s-jaishankar-at-quad-8811269Ukraine is jointly implementing 18 projects with the World Bank, focusing on restoring transport and energy infrastructure, housing, schools' shelters, small and medium-sized enterprises, and agriculture. The joint efforts aim to prepare for post-war recovery by launching a public investment management system and accelerating Ukraine's integration with the EU. Ukrainian Prime Minister Denys Shmyhal and European Commission President Ursula von der Leyen previously discussed sustainable financing for 2026-2027 to support Ukraine's economy and recovery.
https://www.ukrinform.net/rubric-economy/4010372-ukraine-world-bank-discuss-joint-projects.htmlThe US has suspended shipments of ammunition and missiles to Ukraine, citing a review of its military support to other countries. The decision was made to prioritize America's interests, following a Department of Defense review. White House spokeswoman Anna Kelly stated that the US Armed Forces' strength remains unquestioned, even in comparison to Iran. President Donald Trump mentioned during a NATO meeting in The Hague that the US is seeking to send Patriot air defense missiles to Ukraine, which are also used by Israel and are difficult to obtain.
https://en.tempo.co/read/2023688/us-halts-ukraine-missile-supplies-due-to-shortageGovernors from several Argentine provinces signed an agreement in Córdoba ahead of COP30 to protect biodiversity, accelerate a circular economy, and ensure a fair energy transition. Notable signatories include Martín Llaryora (Córdoba), Ignacio Torres (Chubut), Maximiliano Pullaro (Santa Fe), Sergio Ziliotto (La Pampa), Carlos Sadir (Jujuy), Alicia Aluani (Entre Ríos Lieutenant-Governor), and Ignacio Lamothe, secretary general of the Federal Investment Council. The agreement aims to strengthen multilevel climate governance, secure international climate financing, and integrate gender and diversity in climate policies, emphasizing shared environmental responsibility despite political differences.
https://en.mercopress.com/2025/07/02/group-of-argentine-governors-signs-key-environmental-agreementChina firmly supports European integration, welcoming EU efforts to enhance strategic autonomy and play a greater role on the international stage. China is prepared to strengthen communication and coordination with the EU ahead of their next leaders' meeting, aiming to inject new momentum into their comprehensive strategic partnership. According to Wang, this cooperation prevents bloc confrontations, promotes economic globalization, and maintains multilateralism, countering unilateralism and bullying that threatens the international order.
https://www.globaltimes.cn/page/202507/1337497.shtmlA free-trade area allows goods to move freely among its member countries, eliminating tariffs on imports and exports, enabling countries with lower tariffs to benefit from trade with each other, such as China and South Korea's free-trade agreement, or the USMCA (United States-Mexico-Canada Agreement), which facilitates trade between these nations.
https://en.mercopress.com/2025/07/02/mercosur-widens-list-of-external-tariff-free-goods#commentsChinese companies are shifting their focus from domestic markets to global growth, with many expanding into Europe, the US, Australia, New Zealand, and Southeast Asia. Examples include Pop Mart's international stores, electric vehicle leaders BYD and Nio, tech companies Unitree Robotics and Longi Green Energy Technology, artificial intelligence start-ups DeepSeek and Manus AI, and entertainment powerhouses Game Science and miHoYo.
https://www.scmp.com/opinion/china-opinion/article/3316496/labubus-rise-reflects-hitmaker-ability-chinas-digital-ecosystem?module=top_story&pgtype=section