Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds 
Northern Star Appoints New CEO as Activist Elliott Pushes for Leadership Overhaul 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
STX Offshore & Shipbuilding Co. won deals to build 12 ships for Oceanian companies, consisting of four 115,000-ton oil tankers, six 50,000-ton petrochemical carriers (PCs), and two 10,000-ton PCs.
The deal for four oil tankers includes an option to build two additional oil tankers.
The midsized shipyard did not reveal the value of the deals due to confidentiality clauses.
The ships will be built in STX's shipyard in Jinhae, with delivery dates between the fourth quarter of 2022 and the end of 2023.
The latest order brings STX's order backlogs to 28 ships.
STX's creditors have been pushing for its sale to a local consortium comprising local bad debt clearer United Asset Management Co. and private equity fund KH Investment.
If the deal to sell pushes through, STX will be renamed K Shipbuilding.
