The US announced a memorandum of intent for semiconductor R&D investment totaling $874 mln.

Hermès shares extended losses to 8.4%, the largest one-day decline since April 15.

July 29 — CHINA'S LI met Slovak President Pellegrini in Beijing. Li said China is willing to use intergovernmental cooperation mechanisms to advance high-quality Belt and Road projects, boost cross-border connectivity, and expand cooperation in new energy vehicles and AI and other emerging sectors. He encouraged more capable Chinese firms to invest in Slovakia and urged Bratislava to provide an open, transparent, non‑discriminatory business environment. Li also said China will strengthen people-to-people exchanges and called on Slovakia to push EU policy toward China in a more positive, rational direction to support stable China‑EU trade relations.