Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
U.S. Stocks End Q2 Higher as Strong Jobs Data and AI Rally Lift Wall Street 
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Oil Prices Slip as U.S.-Iran Peace Talks and Strait of Hormuz Risks Keep Markets on Edge 
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
Buffett Delays Gates Foundation Donation Pending Epstein Ties Review 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions 
Trump Questions Housing Bill as He Prioritizes SAVE America Act 
Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings 
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data 
Nike announced this week that it would no longer operate its Run Club app in China. The American footwear manufacturing company said that the service would be effectively deactivated on July 8.
Nike's Run Club application is a platform that allows users to track their runs and challenge friends so they will get fit. This has been used by many because it also serves as a motivator for people to keep going.
According to CNN Business, Nike's suspension of its Run Club in China made it the latest Western firm to reform its business in the second-largest economy in the world. The company informed the Chinese runners who use its app about the "cease service and operation" by posting a notice on its website.
Then again, despite the sudden halt of the service, the company's spokesperson said it would be introducing something new in the future. He said that Nike is planning to roll out a localized platform that will be exclusive to Chinese runners.
Nike Run Club in China is said to have eight million users in the country. Collectively, they have recorded more than 600 million kilometers of run in the app, and this is almost 373 million miles of distance. Apparently, the app has many users, so Nike still has plans to create a similar service for its Chinese customers.
Meanwhile, ABC Australia reported that Nike did not provide any reason for its decision to stop the operation of its Run Club app in the Chinese nation. The company just left a promise of offering a localized solution later but failed to explain why it has to withdraw the app.
"Thanks for every run together with us! It is with sadness that NRC APP will cease service and operation in your market from July 8," ABC Australia quoted Nike as saying in a statement. "We are creating an ecosystem from China for China, specifically catered to the region's unique consumer needs to serve athletes better and we will continue to serve Chinese runners with an enhanced and localized digital solution in the future."
