IMF says the global economy's capacity to absorb oil supply disruptions has weakened.

Goldman Sachs CEO David Solomon said the firm is in a "very advantageous" position and can seize opportunities presented by the current environment.

The Yinli-1 launch vehicle left final assembly at the Haiyang Eastern Spaceport and will sail on the Dongfang Spaceport launch vessel for an offshore satellite launch in eastern Shanghai waters on July 22. Yinli-1 is Eastern Space’s first commercial launch vehicle, with payload capacity of 6.5 tonnes to LEO and 4.2 tonnes to a 500km sun-synchronous orbit. Its January 2024 maiden flight set records as the world’s largest solid-fuel launcher and China's largest commercial launch capacity; the vehicle has now entered routine commercial operations.