Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake 
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers 
Samsung Q2 Profit Surges on AI Memory Chip Demand, Forecasts Strong Second Half 
Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth 
OpenAI Revenue Surges After GPT-5.6 Launch as IPO Expectations Grow 
Qualcomm Stock Falls as Weak Q4 Forecast, Apple Revenue Decline Overshadow AI Data Center Growth 
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline 
SpaceX Wins $1.6 Billion U.S. Space Force Launch Contracts for Falcon 9 Missions Through 2027 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth 
Robinhood Q2 Earnings Beat Estimates, But HOOD Stock Falls as Investors Question Profit Quality 
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs 
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors 
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9% 
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy 
China is storing the 73 million barrels of oil it bought cheaply in March and April on 59 ships left floating at sea off its northern coast.
The said amount of oil is three-quarters of global demand.
According to ClipperData, China's floating storage has nearly quadrupled since the end of May.
The amount is also seven times the monthly average in the first quarter of 2020.
According to Matt Smith, a director at ClipperData, China can't bring the oil it purchased quickly enough to transfer to onshore storage tanks, which are not even close to being filled.
China's buying binge helped prop up US crude price, which crashed to negative $40 a barrel, to surge to $40 a barrel.
The country's oil imports soared 11.3 million barrels per day in May, 19 percent higher from the previous year.
China's June shipments are expected to have surpassed that record.
Most of China's oil in its floating storage came from Brazil. A good amount also came from Iraq, Saudi Arabia, and Nigeria.
