Russia Attacks Ukraine; Thailand-Cambodia Border Clashes
Key Takeaways
- Russia's drone and missile attacks on Ukraine caused casualties and infrastructure damage in multiple cities.
- Thai-Cambodia border clashes resulted in 21 deaths, displacing thousands; UN Security Council to meet.
- France plans to recognize Palestine as a state, drawing criticism from Israel and the US.
- Multiply Group acquired 67.91% of Tendam, expanding its global retail presence.
- FCC approved Skydance's $8B acquisition of Paramount Global, transferring control of major networks.
Top Stories
Russia attacks Ukraine: Civilian infrastructure targeted, casualties reported.
On July 24-25, 2025, Russia launched aerial attacks on Ukraine, using drones and missiles, hitting civilian infrastructure in multiple cities. These attacks resulted in casualties in Odesa, Kharkiv, Sumy, and other regions, with reports of injuries and fatalities, including a nine-story building destroyed in Odesa.
Thailand-Cambodia border clashes: Fighting, casualties, and UN meeting.
Fighting erupted along the Thai-Cambodian border on July 24-25, 2025, resulting in at least 21 deaths, mostly civilians, and displacing tens of thousands. The UN Security Council will hold an emergency meeting on July 25 to discuss the situation, with both sides blaming each other for initiating the conflict.
France plans to recognize Palestine, drawing criticism.
France plans to recognize Palestine as a state, with Macron announcing the move at the UN in September, which has drawn criticism from Israel and the US, while Hamas supports it.
Multiply Group acquires Tendam.
Multiply Group acquired 67.91% of Tendam, a Spanish fashion group with 1,800 sales points across 80 markets, expanding Multiply's global retail and fashion presence.
FCC approves Skydance's acquisition of Paramount Global.
The FCC approved Skydance's $8 billion acquisition of Paramount Global, transferring control of CBS, Paramount Pictures, and Nickelodeon to Skydance, led by David Ellison.
Business Today
US stocks reach record highs, influenced by trade deals and AI.
On July 23, 2025, U.S. stocks, including the S&P 500, reached record highs due to positive sentiment around trade agreements. On July 24, 2025, Wall Street saw mixed results influenced by corporate earnings and AI investments, with the S&P 500 seeing a slight increase.
Trump pressures Powell to lower interest rates.
On July 24, 2025, former U.S. President Trump visited the Federal Reserve headquarters and pressured Chairman Powell to lower interest rates, advocating for lower interest rates to improve housing affordability and benefit working Americans.
IPC-S increases to 0.31% in July.
The IPC-S (Consumer Price Index Weekly) increased to 0.31% in the third quadrissemana of July, after a rise of 0.25% in the second, according to FGV, with increases in food, services, and administered items contributing to the advance.
Chinese automotive companies expand globally.
Chinese automotive companies, such as Geely and BYD, are expanding globally, with the EU concerned about overproduction of electric vehicles in China and accusing Beijing of providing subsidies.
Global Watch
Ukraine requests longer-range missiles from US and Europe.
Ukrainian Armed Forces Commander-in-Chief Oleksandr Syrskyi requested the U.S. and Europe to provide longer-range missiles, including ATACMS, to strike Russian territory and counter Russian attacks.
Former US Embassy security guard charged with espionage for Russia and Iran.
A former U.S. Embassy security guard in Norway was charged with espionage for Russia and Iran, accused of leaking sensitive information, including embassy details and classified data, and receiving payments from both countries.
EU-China summit: Joint statement on climate change, trade imbalances discussed.
During the EU-China summit in Beijing on July 24, 2025, a joint statement on climate change was issued, while trade imbalances and human rights concerns were also discussed. The EU seeks a negotiated solution to trade disputes, especially regarding the electric vehicle industry, with the EU's trade deficit with China around €305.8 billion.
Ukraine: Protests over anti-corruption law, Zelensky introduces new bill.
In July 2025, protests erupted across Ukraine over a law limiting the independence of anti-corruption agencies NABU and SAPO. Following the protests, President Zelensky introduced a bill to restore the independence of these agencies, which was welcomed by the EU.
Ukraine calls for peace summit with Russia.
Ukraine called for a peace summit between Zelensky and Putin by the end of August after failed Istanbul talks, proposing a summit while Russia wanted progress at a working level first.
EU announces 18th round of sanctions against Russia.
On July 23, 2025, the EU announced its 18th round of sanctions against Russia, aiming to cut off remaining Russian energy imports and lower the price cap on Russian oil.
South Africa auctions mansions seized from Gupta brothers.
South Africa is auctioning mansions seized from the Gupta brothers on July 24, 2025, who were central to a ‘state capture’ scandal, with the properties valued at 64 million rand.
Protests in Berlin demand end to hunger in Gaza.
Protesters in Berlin demand an end to hunger in Gaza, echoing similar demonstrations in Tel Aviv, highlighting the severe food crisis in Gaza.
Tokyo proposes moving UN functions.
On July 24, 2025, Tokyo Governor Yuriko Koike met with UN Secretary-General António Guterres in New York and proposed moving some UN functions to Tokyo, citing safety and a weak yen.
Protests intensify in Serbia against President Vucic.
Protests in Serbia against autocratic President Aleksandar Vucic intensify, starting with students and now involving broader society, with farmers planning to join soon.
The future of Europe depends on the outcome of the war in Ukraine.
An opinion piece argues that the outcome of the war in Ukraine could determine the future of European liberal democracy, with Ukraine fighting for its right to choose its own destiny, while Russia seeks to dominate Europe.
Health Matters
Medical groups respond to changes in vaccine policy.
Medical groups and US states are responding to changes in federal vaccine policy by US Health Secretary Robert F. Kennedy Jr., with concerns that many healthy children and pregnant women could lose access to preventive shots.
Tech Insights
President Trump unveils AI Action Plan.
On July 23, 2025, President Trump unveiled the "Artificial Intelligence Action Plan" to boost US AI development, aiming to simplify AI regulations and promote data center construction.