Market research and intelligence firm IIR reports the July 25 attack damaged the integrated gasification combined-cycle (IGCC) facility and tank farm at the Jizan refinery.

ING analyst Chris Turner says that if the Swiss National Bank (SNB) maintains zero rates this year, the Swiss franc could weaken further. Rising oil prices are lifting global interest rates while Switzerland’s low-rate environment makes the franc a likely funding currency for carry trades. Turner adds that if the Federal Reserve hikes on Wednesday, USD/CHF could trade up to 0.85 in August.

Kimi AI announced a new model architecture that it says increases intelligence per unit of compute by 2.5x, not merely through parameter scaling. Alongside Kimi K3, the company will open supporting components including high-performance attention compute kernels, an MoE communication library and infrastructure for large-scale agent environments.