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Hereās what you need to know
Russia is leaving the International Space Station after 2024. It plans to build its own orbital station as relations with partner countries have deteriorated following its invasion of Ukraine.
The EU agreed to curb natural gas demand by 15%. Member states, barring Hungary, voted to reduce natural gas usage, with some exemptions, in anticipation of further Russian cuts. The Council also extended sanctions against Russia to 2023.
Shenzhen sealed off major manufacturing areas. The Chinese tech hub aims to continue production amid a covid outbreak using a āclosed loopā containment system.
Bangladesh sought a $4.5 billion IMF loan. It aims to avoid a financial crisis amid shrinking forex reserves, according to a national newspaperās report.
The IMF cut its global economic forecast again. It predicts 3.2% growth for 2022 and 2.9% for 2023, but warned that results could be even lower. The UK is expected to have the slowest growth among G7 nations next year.
Chinaās electricity usage reached record levels. The ongoing heat wave has led to blackouts as cities across the country hit temperatures of 35°C (95°F) and higher.
Amazon will raise prices in Europe. Delivery services and Prime streaming fees will be increased by as much as 43% a year in an effort to buoy profits.
What to watch for
As Boeing releases its second-quarter results today, workers in its defense division, which makes military aircraft, drones, and weapons, are gearing up for a strike.
About 2,500 workers at three Boeing plants in the St. Louis, Mo., area plan to strike beginning Aug. 1, having rejected a contract offer from the company. The sticking point in negotiations is the companyās 401(k) proposal, which the union states would āput our membersā hard-earned retirements in jeopardy.ā
Boeing said it has a contingency plan that will allow it to continue operations if the strike moves forward, but aerospace manufacturing workers have highly specialized skills and canāt easily be replaced.
Meanwhile, Lufthansa airline workers in Germany are also planning a one-day strike over pay today thatās expected to compound travel snafus in Europe.
A global atomic renaissance
Countries around the world are putting scrapped nuclear energy plans back on the table. Itās no wonder, given soaring fossil fuel prices, a European natural gas crisis, and the realities of climate change. Now, the cost-benefit analysis around nuclear power has changed.
Hereās a look at some of the countries that are reconsidering nuclear:
š³š± The Netherlands plans to build its first nuclear plant since 1973.
š¬š§ The UK is constructing a nuclear power plant to power 6 million homes.
šŖš¬ Egypt is building its first nuclear reactor, in partnership with Russia.
šÆšµ Japan is restarting idled nuclear power plants 11 years after the Fukushima nuclear disaster.
š«š· France is nationalizing energy giant EDF to boost its nuclear energy industry.
šŗšø The US announced $6 billion to keep nuclear plants open.
šŗš¬ Uganda is seeking a partnership with Russia to develop a nuclear power plant.
Googleās next glasses wonāt be so cyborg
Remember Google Glass? Well, the company probably doesnāt want you to recall the creepy device that could take pictures of strangers, but thatās not stopping it from taking another shot at tricked-out specs.
Though the details are fuzzy, itās likely Googleās next pair of glasses will look much more like those from North, the Canadian smart glasses company it acquired in 2020. But Googleās decision to give smart glasses another try isnāt just about emerging wearable computing trendsāitās about data. A pair of glasses that integrates search and maps could become the most important wearable device on the market.
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Surprising discoveries
A fossil was identified as the earliest known animal predator. The 560 million-year-old creature has been named in honor of Sir David Attenborough.
Thailand debuted a non-stinky durian. The odorless variety of the infamously smelly fruit already has a trademark.
The Italian-Swiss border is shifting. A melting glacier has triggered a border dispute that runs right through a mountain lodge.
A Polish institute classified cats as a menace to society. Or more precisely, an āalien invasive speciesā given their deadly threat to wildlife.
āParenteseā is a global language. No matter where you go, people googoo and gaagaa at babies in similar ways.
Our best wishes for a productive day. Send any news, comments, durian desserts, and chaotic cats to hi@qz.com. Reader support makes Quartz available to allābecome a member. Todayās Daily Brief was brought to you by Morgan Haefner, Julia Malleck, Tim Fernholz, and Sarah Todd.