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  • Gulf bourses end mixed on US tariff uncertainty – Markets

    Gulf bourses end mixed on US tariff uncertainty – Markets

    DUBAI: Stock markets in the Gulf ended mixed on Wednesday as investors monitored global trade developments ahead of the United States’ potential re-imposition of sweeping tariffs on July 9.

    President Donald Trump said on Tuesday he was not thinking of extending the July 9 deadline for countries to negotiate trade deals with the US, and continued to express doubt that an agreement could be reached with Japan.

    Saudi Arabia’s benchmark index edged 0.1% higher, after two consecutive sessions of losses, helped by 1.7% rise in Saudi Arabian Mining Company.

    The cautious mood dominating the region contributed to mixed sector performances, said Joseph Dahrieh, managing principal at Tickmill.

    “Investors are awaiting further developments to gain more clarity, while low oil prices continue to pose a risk, despite a positive economic outlook,” he said.

    Among gainers, oil giant Saudi Aramco rose 0.8%.

    Oil futures edged up as Iran suspended cooperation with the UN nuclear watchdog and markets weighed expectations of more supply from major producers next month, while the US dollar softened further.

    Dubai’s main share index dropped 0.4%, hit by a 1.3% fall in toll operator Salik Company.

    Separately, Dubai commuters may soon have a new way to beat traffic, as Joby Aviation successfully completed the first test flight of its fully-electric air taxi in the emirate this week – a significant step toward the city’s goal of integrating airborne transport into its mobility network as early as next year.

    In Abu Dhabi, the index eased 0.1%, while the Qatari index closed flat.

    A report on Tuesday suggested that the US labour market stayed resilient in May, sharpening the focus on US nonfarm payrolls figures due on Thursday as investors try to gauge when the Federal Reserve is likely to cut interest rates next.

    Fed Chair Jerome Powell on Tuesday reiterated the US central bank’s plans to “wait and learn more” before lowering rates.

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  • Microsoft’s largest layoff in years hits Xbox gaming, sales and other divisions

    Microsoft’s largest layoff in years hits Xbox gaming, sales and other divisions

    Microsoft says it is laying off about 9,000 workers, its second mass layoff in months and its largest in more than two years.

    The tech giant began sending out layoff notices Wednesday that hit the company’s Xbox video game business and other divisions.

    Among those losing their jobs are 830 workers tied to Microsoft’s headquarters in Redmond, Washington, according to a notice sent to state officials Wednesday.

    Microsoft said the cuts will affect multiple teams around the world, including its sales division, part of “organizational changes” needed to succeed in a “dynamic marketplace.” The company won’t say the total number of layoffs except that it was about 4% of the workforce it had a year ago.

    READ MORE: Trump’s tariffs would cost U.S. employers $82.3 billion, potentially causing price hikes and layoffs

    A memo to gaming division employees Wednesday from Xbox CEO Phil Spencer said the cuts would position the video game business “for enduring success and allow us to focus on strategic growth areas.”

    Xbox would “follow Microsoft’s lead in removing layers of management to increase agility and effectiveness,” Spencer wrote.

    Microsoft employed 228,000 full-time workers as of June 2024, the last time it reported its annual headcount. Its latest layoffs would cut fewer than 4% of that workforce, according to Microsoft. But it has already had at least three layoffs this year and it’s unlikely that new hiring has matched the amount lost. Either way, a 4% cut would amount to somewhere in the range of 9,000 people.

    Until now, this year’s biggest layoff was in May, when Microsoft began laying off about 6,000 workers, nearly 3% of its global workforce and its largest job cuts in more than two years.

    The cutbacks come as Microsoft continues to invest huge amounts of money in the data centers, specialized computer chips and other infrastructure needed to advance its AI ambitions. The company anticipated those expenses would cost it about $80 billion in the last fiscal year. Its new fiscal year began Tuesday.

    Microsoft just last month cut another 300 workers based out of its Redmond headquarters, on top of nearly 2,000 who lost their jobs in the Puget Sound region in May, most of them in software engineering and product management roles, according to information it sent to Washington state employment officials.

    Microsoft’s chief financial officer Amy Hood said on an April earnings call that the company was focused on “building high-performing teams and increasing our agility by reducing layers with fewer managers.”

    The company has repeatedly characterized its recent layoffs as part of a push to trim management layers, but the May focus on cutting software engineering jobs has fueled worries about how the company’s own AI code-writing products could reduce the number of people needed for programming work.

    Microsoft CEO Satya Nadella said earlier this year that “maybe 20, 30% of the code” for some of Microsoft’s coding projects “are probably all written by software.”

    The latest layoffs, however, seemed centered on slower-growing areas of the company’s business, said Wedbush Securities analyst Dan Ives.

    “They’re focused more and more on AI, cloud and next-generation Microsoft and really looking to cut costs around Xbox and some of the more legacy areas,” Ives said. “I think they overhired over the years. This is Nadella and team making sure that they’re keeping with efficiency and that’s the name of the game in Wall Street.”

    The trimming of the Xbox staff follows Microsoft’s years-long expansion of the business surrounding its gaming console, culminating in 2023 with the $75.4 billion acquisition of Activision Blizzard — the California-based maker of hit franchises like Call of Duty and Candy Crush.

    Before that, in a bid to compete with Sony’s PlayStation, it spent $7.5 billion to acquire ZeniMax Media, the parent company of Maryland-based video game publisher Bethesda Softworks.

    Many of those game studios, which have locations across North America and Europe, were struggling with the layoffs Wednesday, according to social media posts from employees who announced they were looking for new jobs.

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  • ‘I looked after Sean Connery, David Lynch and Tarantino for work’

    ‘I looked after Sean Connery, David Lynch and Tarantino for work’

    BBC Angela Freeman - a woman with long hair, sits in a cinema seat and looks to the camera - the screen is visible behind herBBC

    Angela Freeman has retired after 34 years at the Glasgow Film Theatre

    With surreal films like Blue Velvet and his mind-bending TV series Twin Peaks, David Lynch often left audiences scratching their heads.

    However the legendary director, who died earlier this year, was left bemused himself on a visit to Glasgow in 2007.

    “He was bewildered by the smoking ban,” recalls Angela Freeman, the front of house manager at the GFT cinema that hosted the American filmmaker.

    “He chain smoked, so I had to walk him and his main personal assistant round the block, past what was C & A at the time, so he could smoke a bit – I was thinking I can’t believe I’m walking down the road with David Lynch!”

    An encounter with Lynch – one of Angela’s favourite directors of all time – was just one of many celebrity encounters during a 34 year career at Glasgow’s main independent cinema.

    Angela finally stepped down from her role last week, having started at the film house at the tail end of the 1980s.

    David Grinly David Lynch - a man with grey/white hair autographs a poster for his film Mulholland Drive on the back of a fan. David Grinly

    David Lynch attracted a huge crowd when he appeared in Glasgow in 2007

    It was three decades that saw massive change to both the city and the cinema itself, as well as an array of A-list names visiting the cinema to promote their work.

    And it often fell to Angela to look after them when they arrived – even if that meant finding a sandwich for a singing legend.

    “Shirley Bassey came in with Sean Connery once. They’d been involved in a children’s film and they came in to watch a test screening together.

    “That was surreal – my mum absolutely adored her, but I remember someone had to go out and get a tuna and sweetcorn sandwich for her during it!”

    Alan Wylie Quentin Tarantino at the GFT - he has long hair and is smiling for the camera while sitting at a table and signing a poster for his film Reservoir Dogs. There are cups of tea next to him.Alan Wylie

    Quentin Tarantino at the GFT to promote his breakthrough film Reservoir Dogs

    Then there were the names who arrived as bright young things, before going on to achieve huge fame and fortune in later years.

    Angela recalls the GFT scoring a huge hit in 1992 by showing a brash, violent crime thriller, and securing a visit from its director to promote it.

    The film was Reservoir Dogs and the director was Quentin Tarantino.

    “He was quite young, and just delighted audiences were loving it so much. Several years later he came back, and that was a completely different experience – him coming in to do this red carpet experience, with all this security.

    “Reservoir Dogs was unique for us. It shocked audiences at the time in a way they hadn’t experienced before – it was a real coup, but I know the council got a lot of complaints over us even showing it because of the violence.

    “It made me feel that every young director we have come in here could go on to be a Tarantino.”

    It wasn’t all glamour though. When Angela joined the staff the cinema had only just opened a second screen, and buckets were deployed across parts of the Rose Street building because of water leaking in constantly.

    Angela moved from her native Liverpool to study at Edinburgh College of Art in 1985, and four years later headed west to Glasgow, going on to take a job at the GFT box office.

    “All the ticketing was done manually, so you were stamping up tickets using the old fashioned ticket machines.

    “I still remember the two ladies training me up with the box office floor just £10 or £20 notes as everyone paid cash – no-one used credit cards then. It was an amazing place.”

    Reuters Willem Defoe sits on a red carpet as his unveiling on the Hollywood walk of fame takes place - he is is on his knees, leaning over a plaque on the walkReuters

    Angela once served Willem Defoe as he popped into the cinema while passing by

    It could be amazing in other ways, given you never quite knew who would walk in off the street.

    “I was once working at the box office and Willem Defoe walked in. He was at the Tramway I think with his theatre group and he just walked in, full-length black coat on and soaking.

    “He just wanted to see what was on. I was quite respectful, and didn’t want him to feel like I was starstruck. But I did acknowledge who he was and said it was amazing to meet them.

    “There was a few like that, Ralph Fiennes and Neil Sedaka both just wandered in. Gillian Anderson came in regularly when filming House of Mirth, and Hugo Weaving was another one.”

    GFT Crowds gather outside the Glasgow Film Theatre cinema for a red carpet event during the Glasgow Film Festival. Various lights illuminate the building with purple and blue lights GFT

    The GFT is the main venue for the Glasgow Film Festival

    Angela is proud of the cinema’s charitable status, and of special screenings for people with dementia and children with autism.

    The biggest challenge came when managing the expansion of the building, as the famed Cafe Cosmo closed and a third screen was added.

    “It was a big ask to try and remain open during the building phases”, she recalls.

    “Every day I had to do a handover with the building manager, walk through it to know where the fire exits were and make sure everything was safe for the public.

    “At the end of the day we went though it, and came out the other side.”

    Getty Images Paul McCann and Richard E Grant in character on the set of Withnail & I while standing outside - Grant has a cigarette in mouth and a scarf wrapped around him, while McGann is wearing a dark leather jacket. Getty Images

    A special screening of Withnail & I will mark Angela’s retirement

    She is more circumspect when asked if any guests posed any particular challenges – though one actor, unidentified beyond the clue they starred in a massive 70s blockbuster, did give some headaches.

    “You occasionally get diva behaviour. We had a film festival guest wanting the hotel switched as it was too hot, then he wanted to fly out a day early, which would have cost us something like eight grand.”

    However, most of Angela’s memories are of the sweeter kind, while her retirement is being marked with the GFT screening one of her favourite films – Withnail & I – on Sunday.

    She estimates she helped organise 12 weddings at the cinema over the years, including one with a theme based around the films of quirky director Wes Anderson.

    The last nuptials she helped organise also proved poignant.

    “There was a couple last year who had a video played on the big screen with various memories of their relationship, and the GFT featured a few times.

    “I was sitting watching it getting emotional. It was lovely to see the impact the cinema has on people – it’s still all about bringing a group of individuals together to share in an experience.”

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  • Blizzard is giving up on its Warcraft mobile game amid layoffs

    Blizzard is giving up on its Warcraft mobile game amid layoffs

    It’s nearly the end of the road for Warcraft Rumble. Blizzard has announced that it will no longer be developing new content for the free-to-play mobile strategy game, and instead focus on “regular, systemic in-game events and bug fixes.” The change comes as the rest of Microsoft’s business is in upheaval: The company is laying off as many as 9,000 employees across its global workforce.

    Blizzard’s statement doesn’t get into the details of what motivated the decision, but is clear that Warcraft Rumble hasn’t been living up to expectations. The game “struggled to find its footing” relative to Blizzard’s ambitions, prompting the studio to explore different options to improve it over the last few years. “Some of that work showed signs of progress, but ultimately wasn’t enough to put the game on a path to sustainability,” Blizzard writes.

    Warcraft Rumble was announced in 2019 as Warcraft Arclight Rumble. Much like Hearthstone, the game was a high-profile attempt to translate a popular Blizzard franchise into something that works on smartphones and tablets. Warcraft Rumble plays like a more flexible version of Clash Royale, where miniaturized armies face off in PVP or singe-player challenges, and the biggest strategic choices are when and where characters are placed.

    Aftermath reports that winding down Warcraft Rumble is a direct result of the wider Microsoft layoffs effecting Blizzard. While some of the team who created new content for Rumble will be given new roles at the studio, others will be let go, according to a staff email sent by Blizzard president Johanna Fairies that Aftermath viewed. Blizzard’s public statement doesn’t acknowledge these layoffs beyond a mention that the studio is “focused on supporting [its] teammates,” which is telling in context.

    While Warcraft Rumble will live on for now in a diminished state, some future Xbox games have been outright cancelled as a result of Microsoft’s restructuring, including Everwild and Perfect Dark. The bigger damage is the loss of talent. Greg Mayles, the lead designer on Donkey Kong Country and creative director of Sea of Thieves, is leaving Rare, according to Video Game Chronicle. ZeniMax Online Studios shared on X that director Matt Firor is also making an exit following the cancellation of the studio’s next MMO.

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  • 109 games later, Fritz reaches Wimbledon third round – ATP Tour

    1. 109 games later, Fritz reaches Wimbledon third round  ATP Tour
    2. Wimbledon 2025: Results & updates  LTA
    3. Wimbledon 2025: Raducanu beats Vondrousova, Fritz survives, Osaka through, Paolini exits – as it happened  The Guardian
    4. Taylor Fritz wins resumed Wimbledon match in which Mpetshi Perricard hit a record 153 mph serve  NBC Sports
    5. How Taylor Fritz beat Gabriel Diallo in five-set thriller to end an entertaining day three at Wimbledon 2025  The New York Times

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  • ‘Explosive increase’ of ticks that cause meat allergy in US due to climate crisis | The Transmission

    ‘Explosive increase’ of ticks that cause meat allergy in US due to climate crisis | The Transmission

    The Guardian Unusually aggressive lone star ticks, common in the south-east, are spreading to areas previously too cold for them. Blood-sucking ticks that trigger a bizarre allergy to meat in the people they bite are exploding in number and spreading across the US, to the extent that they could cover the entire eastern half of the country and infect millions of people, experts have warned.

    Lone star ticks have taken advantage of rising temperatures by the human-caused climate crisis to expand from their heartland in the south-east US to areas previously too cold for them, in recent years marching as far north as New York and even Maine, as well as pushing westwards.

    The ticks are known to be unusually aggressive and can provoke an allergy in bitten people whereby they cannot eat red meat without enduring a severe reaction, such as breaking out in hives and even the risk of heart attacks. The condition, known as alpha-gal syndrome, has proliferated from just a few dozen known cases in 2009 to as many as 450,000 now.

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  • Türkiye shutting down livestock markets to curb foot-and-mouth outbreak

    ANKARA, July 2 (Xinhua) — Türkiye said on Wednesday it was closing all livestock markets nationwide to contain the spread of a highly contagious strain of foot-and-mouth disease, which has severely impacted the country’s agricultural sector.

    In a statement, the Agriculture and Forestry Ministry said it had identified a new serotype of the disease that worsened the outbreak, attributing its spread to increased animal movement following the Muslim holiday of Eid al-Adha in early June, which is traditionally marked by livestock slaughter.

    To prevent further transmission, the government is shutting down livestock markets, live animal exchanges, animal collection and sales centers, as well as related fairs and festivals. These restrictions will remain in place until all livestock across Türkiye are vaccinated against the pathogen, said the statement.

    “This decision was taken only to accelerate the control of the disease and is a temporary and preventive animal health measure. Vaccination activities are continuing rapidly and the measures taken following the vaccination of our entire animal population will be gradually removed by monitoring the disease situation,” it added.

    The ministry emphasized that the temporary measures would not disrupt food security or the supply of meat and dairy products. Enditem

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  • US strikes set back Iran nuclear programme by up to two years, says Pentagon – France 24

    1. US strikes set back Iran nuclear programme by up to two years, says Pentagon  France 24
    2. US says its strikes degraded Iran’s nuclear programme by one to two years  Al Jazeera
    3. Pentagon says US strikes set back Iran nuclear program ‘one to two years’  The Guardian
    4. Iranian nuclear program degraded by up to two years, Pentagon says  Reuters
    5. Intercepted call of Iranian officials downplays damage of U.S. attack  The Washington Post

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  • MCG Blockbusters headline Stars fixture

    MCG Blockbusters headline Stars fixture

    A family friendly Derby timeslot of 6:05pm headlines a massive 4 matches at the MCG for the Melbourne Stars in KFC BBL|15.

    Fresh off the back of a roller coaster campaign last year where the Stars soared up the ladder late to make their first finals appearance in five years, the club is looking to capitalise on that momentum.

    The club’s first home match will be played at the MCG on Thursday, 18th December against the reigning champions, the Hobart Hurricanes.

    The Stars then travel to Adelaide, Sydney, Canberra and Brisbane before returning to Melbourne after the conclusion of the Boxing Day Test.

    Stars members and fans will then be encouraged to flock to the biggest game of the regular season at MCG on Sunday 4th January, as they host cross town rivals, the Renegades, in a family friendly timeslot of 6:05pm.

    The race to the finals will see the Stars host the Sixers and the Strikers at the MCG with an away derby wedged in the middle, before travelling to Perth for the final home-and-away fixture.

    With 8 of the 10 matches will be broadcast on Channel 7 and 7 Plus, all eyes will be on the Stars as they look to make consecutive finals appearances.

    “This fixture is a win for Stars fans, with the return of a family-friendly 6.05pm Derby timeslot, right in the heart of the holiday period at the MCG,” Melbourne Stars General Manager Max Abbott said.

    “We’re also delighted that we get to start our season at home, allowing the playing group to come together for a solid block in Melbourne to prepare before the season gets underway. Our fans can expect a great show for Opening Night at the ‘G on December 18.

    “With the MCG unavailable for the window around the Boxing Day Test, we will again take a home match against Sydney Thunder to Canberra, a fixture that was sold out last season.

    “There’s also going to be some great battles to look forward to between the overseas players. There’ll be no holding back from Haris Rauf when he lines up against Babar Azam against Sydney Sixers in another blockbuster MCG clash in the holiday period.

    “We cannot wait to build on the momentum from last year and we’re already planning to put on an even better and bigger show this season at the greatest sporting colosseum in the world, the MCG.”


    Melbourne Stars memberships for BBL|15 & WBBL|11 are on sale now. Click here for membership options.


    To download the full Melbourne Stars BBL|15 fixture to your calendar, click here.


     

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  • From lucky loser to Wimbledon standout, get to know Solana Sierra

    From lucky loser to Wimbledon standout, get to know Solana Sierra

    WIMBLEDON — Six days ago, Solana Sierra was in the depths of despair. The 21-year-old had lost from match point up in the final round of Wimbledon qualifying to Australia’s Talia Gibson, dropping the last four games of the match from 5-3 up in the third set. That night, she says, she kept replaying the match point in her head. She was so sad she couldn’t sleep.

    Wimbledon: Scores Order of play | Draws

    On Wednesday, Sierra’s devastation turned into joy. Playing on Court No. 1, she took down home hope Katie Boulter 6-7(7), 6-2, 6-1.

    For Sierra, Wimbledon marks a milestone for both her and her country. This week, she’s collected her first two tour-level wins and become the first Argentine woman to reach the third round here since Gisela Dulko in 2009. She’s also had to change accommodation three times already — with a fourth move coming Wednesday night — but at this point, she says, that’s a “good problem to have.”

    On Monday. Sierra gained entry to the main draw at the last minute — almost literally. Though she knew she was first in line for a lucky loser berth, she thought that if anyone was going to withdraw, they would have done so before the start of play. Then, a back injury forced Greet Minnen to pull out. Sierra, who was eating in the player restaurant at the time, had just 15 minutes’ warning to put her match clothes on, do a five-minute warmup, then head out on court.

    Déjà vu almost struck in that match, against Olivia Gadecki — another Australian. Sierra served for the match at 5-4 in the second set, but missed four match points in that game before converting her sixth for a 6-2, 7-6(8) victory.

    “I was thinking, ‘Not again,’” she said. “But it was good that I stayed positive mentally and closed in the tiebreak.”

    That’s one of the reasons Sierra played “really free” against Boulter. After two such emotionally draining matches, she simply felt no pressure as she notched her second career Top 50 win. She’ll next play Spain’s Cristina Bucsa, with a spot in a first Grand Slam fourth round at stake for both players.

    Here’s more on Sierra:

    She has been training at the Rafa Nadal Academy since March

    Sierra has put together a formidable 33-12 record this year, including her first WTA 125 title in Antalya in March and two more ITF trophies. Not coincidentally, she’s also been based at the Rafa Nadal Academy on Mallorca since March.

    “The academy is super good,” she said. “They’re really professional, and they’re helping me with my game and the stuff outside the court.”

    Having started 2025 ranked No. 167, Sierra cracked the Top 100 for the first time two weeks ago.

    “It was a goal that I had since I started to play tennis,” she said.

    Former US Open champion Gabriela Sabatini is a favorite

    When asked for the Argentinian players who have most inspired her, Sierra doesn’t hesitate.

    “[Gabriela] Sabatini, of course!” she replied. “The best!”

    Sierra is also a fan of compatriots Juan Martin del Potro and Diego Schwartzman, whom she grew up watching. But Sabatini retired in 1996 — eight years before Sierra was born. 

    “I watched on YouTube some videos of her,” she said. “I really liked her personality — it was really nice to watch.”

    She is a big-stage player who’s played her best tennis at Slams

    All of Sierra’s tour-level main draws to date have been majors. She qualified for the US Open last year, then repeated the feat at Roland Garros this year. Wimbledon marks the first time she has won main-draw matches at this level. Going back to 2022, she was also the Roland Garros junior runner-up.

    “I like to be in the biggest stadiums with the crowd,” she said. “They’re the best tournaments, I love to compete here and I loved every moment.”

    She is a relative grass-court novice — but has taken to the surface

    This Wimbledon marks just the fourth tournament Sierra has ever played on grass, including a pair of junior outings in 2021 where she tallied only one win. She fell in the first round of Wimbledon qualifying in 2024, but ahead of her return this year committed to a week of proper practice on the surface.

    “I didn’t have to adjust much,” she said. “Just to stay lower. “Now, I think my game suits the grass.”

    She has a reward in mind for her work this week

    Sierra turned 21 on June 17, the day after she broke into the Top 100 for the first time. That was a decent present, but Sierra had her eyes on another.

    “I wanted to buy a necklace for my birthday,” she said. “I didn’t, because it was too expensive.”

    Sierra’s unexpected windfall as a lucky loser is now £152,000 — nearly quadruple the £41,500 she would have earned from making the final qualifying round. No wonder that, with a glint in her eye, she says that she’s now thinking about that necklace again.

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