Trump said Europe is learning that admitting criminals from the Third World effectively turns it into a Third World country, that this shift can happen very quickly, and that his election was timely.

Changguang Satellite has completed an equity financing of nearly Rmb5 bln led by Changfa Group and Lushi Investment, with participation from Chengtong Fund, Orient Asset Management and others; existing investors including Haitong Innovation and Shenzhen Capital Group also followed. Proceeds will be deployed to three priorities: accelerate satellite mass-production capacity and scale manufacturing efficiency; advance the Jilin-1 satellite constellation to strengthen high-resolution data acquisition; and deepen remote-sensing data applications to expand industry-specific solutions.

A wildfire driven by extreme heat continues to spread in Portugal, with more than 10,000 hectares burned as of the 4th. Authorities have deployed about 1,100 firefighters, 380 fire engines and eight aircraft and helicopters. Portugal has requested assistance from the EU; Brussels said on the 3rd it will join the response. Spain has sent 118 firefighters and 45 fire vehicles to assist.