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On June 28th, according to the Financial Times, Google has restricted Meta's use of its Gemini AI models, as Meta's computing power exceeds Google's capacity. The report states that Google informed Meta around March that it could not meet Meta's demand for full Gemini computing power, adding that this shortfall disrupted and delayed some of Meta's internal AI projects. The report also notes that several other Google customers were affected, but to a lesser extent. The Financial Times states that Meta was particularly hard hit due to its exceptionally high demand for Google's models.
On June 28th, it was reported that Tencent is internally testing a "Convenience Assistant for Living in China" for overseas users, aiming to provide a one-stop digital lifestyle service including mobile payment. The app will support direct transactions at tens of millions of WeChat Pay partner merchants nationwide. Currently, it is still in limited testing and not yet fully available to all users. Jiemian News reporters noted that the app is already available on the App Store under the name TenPayGo.
The Israeli military said it killed several militants in a safe zone in southern Syria on Saturday.
The statement indicated that the Iranian Foreign Ministry condemned the US airstrikes on southern Iran, saying they violated the temporary ceasefire agreement.
Bahrain's Foreign Ministry: Bahrain condemns Iran's latest attack.
According to the Financial Times, Google is restricting Meta's use of Gemini as AI demands squeeze computing capacity.
The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.0 occurred at 11:39 on June 28 near the Haixi Prefecture of Qinghai Province (37.86 degrees north latitude, 95.42 degrees east longitude). The final result is subject to the official rapid report.
On June 28th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), published an article stating that in May 2026, imported cars totaled 38,000 units, a 19% decrease; from January to May 2026, imported cars totaled 160,000 units, an 11% year-on-year decrease. With the rise of domestically produced cars and the accelerated localization of international brands, car imports have remained sluggish in recent years, with three consecutive years of negative growth. If the fluctuations are smoothed out, this would represent eight consecutive years of negative growth.
June 28 - Reuters reported on the 27th, citing a U.S. official, that Iran launched missile and drone attacks on neighboring countries, including Bahrain and Kuwait. There are currently no reports of U.S. casualties, and U.S. facilities in the Middle East have not been significantly affected or damaged.
June 28 - According to the Japanese Ministry of Internal Affairs and Communications' Fire and Disaster Management Agency, as of 9:00 AM local time on the 28th, the earthquake that struck Yamanashi Prefecture on the evening of the 26th has injured 20 people.
① Iran 1. The Iranian Foreign Minister will travel to Baghdad tomorrow. 2. The Iranian Revolutionary Guard says it will take a tougher stance against "violations" by vessels. 3. About 30% of the Iranian population will attend the funeral of the late Supreme Leader. 4. Affected by the Middle East conflict, Iran's inflation rate rose sharply to 88.6% year-on-year in June. 5. Following the US strikes against Iran, Iranian drones attacked Bahrain and oil tankers were attacked in the Strait of Hormuz. 6. The Iranian Islamic Revolutionary Guard Corps destroyed eight key US military infrastructure sites at the Ali Salim Air Base in Kuwait and the US Fifth Fleet in Bahrain. ② United States 1. The US strikes Iran again; explosions are heard in the Sirik region. 2. Trump says the US military strikes Iranian missile and drone storage sites. 3. According to CNN: US officials say that when Iran claimed to have attacked US targets in the Middle East, the US "detected several drones," but these drones did not hit their targets. ③ Israel 1. Israeli forces strike southern Lebanon again after the US-Lebanon framework agreement. 2. Israeli Prime Minister: Israel retains all the necessary "safe zones" along its northern border. 3. Israeli National Security Minister: The Lebanon-Israel-US framework agreement is a "major mistake." 4. Israeli official: If Hezbollah launches an attack, Israel will respond strongly. 5. Israeli Defense Minister: Has instructed the Israeli military to prepare for a long-term presence in the "safe zone" in southern Lebanon. 6. Israeli Prime Minister Netanyahu: We are breaking Iran's diplomatic axis. We have reached a framework agreement that allows us to end the conflict with Lebanon. ④ Other situations: 1. US media: Trump and Netanyahu have been communicating much less than before. 2. UAE Foreign Minister praises the efforts of the Lebanese and Israeli governments in reaching a framework agreement. 3. Hezbollah: The Israel-Lebanon framework agreement is invalid; refuses to link Israeli troop withdrawal with Hezbollah's disarmament. 4. French Foreign Ministry: Willing to contribute to the implementation of the framework agreement between Lebanon and Israel. 5. Joint Maritime Information Center: Raises the maritime security threat level in the Strait of Hormuz from "medium" to "high". 6. Following the Iranian Revolutionary Guard's strike on vessels violating regulations, more ships are seeking permission from Iran. 7. Security sources say an explosive drone attack struck a camp of an Iranian Kurdish opposition group north of Erbil, Iraq. 8. The Lebanese presidential palace stated that Lebanese President Aoun, in a phone call with US President Trump, said Lebanon would assume responsibility for implementing the framework agreement with Israel. President Aoun has requested US assistance to prevent violations of the agreement and to pressure Israel to withdraw from the southern region.
According to Fox News: The latest round of US strikes against Iran is larger than last night's operation. US and Bahraini forces shot down nine Iranian drones that were heading towards US forces in Bahrain.
According to the Islamic Republic of Iran Broadcasting (IRIB): Several shells struck a village on Qeshm Island.
On June 28, U.S. Central Command issued a statement saying that on June 27, under the command of the Commander-in-Chief, U.S. Central Command forces conducted additional strikes against multiple Iranian targets. Following yesterday's U.S. strikes against Iran in response to its attack on the cargo ship "M/V EverLovely," Iran had an opportunity to uphold the ceasefire agreement, but its forces launched a one-way attack drone strike this morning (4:30 AM ET on Saturday), hitting and destroying the oil tanker "M/T Kiku." The Panamanian-flagged tanker was sailing near the Strait of Hormuz at the time, carrying more than two million barrels of crude oil. Today, U.S. Central Command forces responded to Iran's continued attacks on merchant ships, with U.S. warplanes striking Iranian military surveillance facilities, communication systems, air defense sites, drone storage facilities, and mine-laying capabilities. Merchant ships continue to transit the Strait of Hormuz. The U.S. military remains vigilant and ready to respond.
June 28 - The United States launched a military strike against Iran on June 27 local time.
June 28 - Neuberger portfolio manager Joseph Purtell said, "In the short term, the dollar is likely to remain strong due to rising US real interest rates." He believes the dollar is poised to break out of its six- to nine-month range, but added that in the long term, the dollar may weaken given structural issues such as the fiscal sustainability of the US government.
The European-Mediterranean Seismological Centre reports a magnitude 6 earthquake off the east coast of Honshu, Japan.
On June 28th, Gavekal Research stated in a report: "In 2025, the market is widely concerned that Trump will weaken the independence of US monetary policy, nominate a political puppet as Federal Reserve Chairman, force the Fed to cut interest rates, and cause inflation to remain persistently above the Fed's 2% target." "Developments over the past seven months have made this scenario unlikely." These developments include the appointment of Kevin Warsh to lead the Fed and the re-election of 11 of the 12 regional Fed presidents. At Warsh's first meeting earlier this month, the Fed emphasized its commitment to price stability, surprising some market participants who had expected a more dovish stance from the new chairman.
On June 28, US President Donald Trump nominated Lance Schroyer to be the new Director of US Immigration and Customs Enforcement (ICE). Trump stated that Schroyer, a former Oklahoma State Trooper and US Marine, has extensive experience working with ICE and is adept at combating illegal immigration and deporting undocumented immigrants. Trump also urged the Senate to confirm Schroyer's nomination as soon as possible.
The European-Mediterranean Seismological Centre reports a 5.6-magnitude earthquake off the coast of Aragua, Venezuela.
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