Tech Selloff Rattles Markets, King Reveals Tax Bill, Naples Powers Italy Growth

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Global stocks slumped to a two-week low as the tech sector came under renewed pressure after a drop in Apple’s shares and a report that OpenAI may delay its IPO. South Korea’s chip-heavy Kospi plunged, triggering a second trading suspension this week.

(2) A ship was hit by an unidentified projectile in the Strait of Hormuz on Thursday in the first reported attack since an interim US-Iran peace deal, marking a setback to efforts to restore traffic through the vital energy thoroughfare.

(3) Screams and groans echoed from beneath piles of concrete and bricks during the early morning hours on Thursday as residents searched for survivors in the coastal city of Catia La Mar, where rescue teams had yet to reach several collapsed buildings nearly 10 hours after twin earthquakes struck Venezuela.

(4) King Charles and Prince William disclosed their personal tax obligations for the first time in their current roles in an attempt to increase the transparency of the British monarchy’s finances.

(5) The heat wave searing much of Europe is officially the most severe ever recorded in the region, according to study published on Friday.

(6) Naples is leading a regional economic revival in Italy, showing how European Union cash and investments in technology and infrastructure can drive growth in unexpected parts of Europe.

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