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Time:2026-07-12T17:49:59Z

Senator Lindsey Graham passes away at 71, triggering widespread reactions. German automakers suffer steep China sales declines as domestic EV rivals surge. US and Iran exchange strikes while the Trump administration insists the Strait of Hormuz remains open. Apple sues OpenAI for alleged trade secret theft. Chinese tech stocks attract elderly retail investors amid the AI and chip boom.

Senator Lindsey Graham dies at 71

Senator Lindsey Graham dies at 71US Senator Lindsey Graham, a prominent Republican and close ally of Donald Trump, has died at age 71 after a brief illness. The South Carolina lawmaker served in the Senate since 2003 and was a key voice on foreign policy and judicial matters. Leaders from both parties have reacted to his sudden passing. His death marks a significant shift in the political landscape ahead of the next election cycle.

German carmakers hit by China sales slump

German carmakers hit by China sales slumpMajor German automakers including Volkswagen are suffering steep sales declines in China, with Volkswagen reporting a 26% year-on-year drop — its lowest delivery volume since 2010. Domestic Chinese electric vehicle rivals are rapidly gaining market share. The trend highlights the growing competitive pressure on legacy European automakers in the world's largest auto market. Chinese media frames the shift as a triumph for domestic automotive quality and innovation.

US and Iran trade strikes over Hormuz Strait

US and Iran trade strikes over Hormuz StraitThe United States and Iran have exchanged military strikes after Iran's Islamic Revolutionary Guard Corps attacked a civilian ship and shut the Strait of Hormuz. The US insists the strategic waterway remains open, while President Trump has publicly contradicted Iran's claims. The confrontation escalates tensions in a region critical to global oil shipments. Analysts warn of broader economic repercussions if the strait is disrupted.

Apple sues OpenAI for trade secret theft

Apple sues OpenAI for trade secret theftApple has filed a lawsuit accusing OpenAI and its employees of stealing trade secrets, alleging the ChatGPT maker misappropriated confidential information. The lawsuit claims the theft is only 'the tip of the iceberg.' Elon Musk and Sam Altman have publicly sparred on X over the case. The legal battle marks a major escalation in tensions between two of the most influential companies in AI.

Chinese tech stocks lure elderly investors

Chinese tech stocks lure elderly investorsChina's tech stocks, particularly in AI and semiconductors, are attracting a growing number of elderly retail investors. The Star Market, China's tech-focused stock exchange, continues to drive capital toward innovation and self-reliance. Expanding AI and chip companies are also pushing up rents in Beijing's Zhongguancun hi-tech district. The trend reflects Beijing's broader push for technological independence.