We know what’s coming and we are prepared.
🇨🇳❌🇨🇳 — 📰 Radio Free Asia: China replaces ‘Tibet’ with ‘Xizang’ in latest diplomatic documents
— "China has replaced the use of the term “Tibet” with “Xizang” as the romanized Chinese name on official diplomatic documents, a recent speech by the Foreign Minister Wang Yi shows.
The change comes as Chinese Communist Party scholars advocate an amendment to the translated name which they claim will prevent the Dalai Lama from reestablishing the right to speak about Tibet. They pointed out that the Party needed to promote its legitimate occupation and rule of the autonomous region.
On Tuesday, the Chinese media and the official account of the United Front Work Department of the Communist Party of China, “United Front News,” touted that “there is no more Tibet in the official documents of the Chinese Ministry of Foreign Affairs.”"
🌆 Market News Digest
[July 3, 2026 EST]
🔥 Top Stories
• Middle East risk flares — IDF hits Hezbollah sites in south Lebanon; Houthis threaten Saudi assets; France deploys naval/mine-countermeasure assets near Hormuz.
• U.S. oil market scrutiny — DOJ/FTC say they’re monitoring crude for price-fixing/collusion as Brent settles at $72.12/bbl.
• Trump pardons saga — Trump signs pardons for six and faces fresh scrutiny after NBC reported undisclosed stock purchases before tariff pause.
⛽ Oil & Energy
• Gulf crude exports topped 10M bpd in June but remain ~40% below pre-conflict levels; Fitch flags ongoing Iran/Mideast risk to corporates and oil forecasts.
• CMA CGM warns Hormuz transit charges would be “devastating”; Airbus says defense cooperation remains pressured.
📊 Markets & Macro
• Germany’s 2027 draft budget lifts borrowing to €203.7B and spending to €555.4B; euro equities firm with DAX +0.85%.
• ECB/BoE message: inflation still the focus, but Bailey says UK ...
