White House says President Trump will impose a 10% ad valorem tariff on drones imported from the UK into the US.

About a week ago Wuliangye notified dealers it has cancelled certain prior channel policies and set a floor: shipment price for 8th‑generation Wuliangye must not be below 800 yuan per bottle. The brand warned it will impose penalties, including fines, for low‑price cross‑region sales and dumping, with measures scaled to severity. Dealers say in practice penalties are unlikely unless there is large‑scale, malicious channel‑jumping.

New home loans in Australia fell 5.2% QoQ in the three months to June, the largest quarterly decline since end-2022. Investor lending fell over 10% while owner-occupier loans dropped 1.9%. The fall aligns with major banks' reports of sharply lower mortgage applications. Reduced tax incentives for investors and continued house-price declines are prompting buyers to wait for a market bottom, suggesting housing demand may remain weak. The concurrent drop in prices and lending indicates Albanese's recent tax reforms to curb an unaffordable housing market have begun to take effect.