USGS reported a magnitude-7.4 earthquake about 71 km west of Puerto Madero, Mexico.

Azerbaijan exported 5.9 bcm of natural gas to Europe in January-June, the Ministry of Energy said.

Mitsubishi Electric plans to reach an agreement with Toshiba and Rohm to combine their power semiconductor businesses before September, creating a joint entity to consolidate sales, manufacturing and R&D, the companies said. Executives are finalizing deal details and hope to announce a joint-venture plan in September. The move, supported by Japan’s Ministry of Economy, Trade and Industry, is aimed at boosting the competitiveness of domestic suppliers against international peers as power-management chips gain importance amid rising system complexity and power demand for platforms such as NVIDIA’s next-generation Vera Rubin. Omdia data show Infineon controls roughly one-fifth of the global power semiconductor market, while Mitsubishi Electric, Toshiba and Rohm each hold under 5%; the three-way consolidation could propel the combined group toward the top of global market share.