Daily flyovers
Latest news for 2 July 2026
Quick hits of consequential news from all corners of the world.
- 01
UKRAINE
Putin attacks cities again.
As we foreshadowed, Putin has responded to Ukraine’s counter-attacks on his energy infrastructure by launching another night-time strike on Ukraine’s capital, with hits on various apartment buildings leaving at least 13 dead. (CBS)
Comment: It’s one of Putin’s largest such attacks on Ukraine since the early months of Putin’s war — it didn’t work then, and is even less likely to work now with momentum seemingly turning back against the aggressor.
- 02
SYRIA
New parliament takes shape.
The interim president (al-Sharaa) has named the final 70 members of Syria’s new post-Assad parliament, paving the way for its inaugural session next week. (BBC)
Comment: That ‘named’ verb there is important — October’s regional electoral colleges selected two-thirds of the new People’s Assembly, including only six women and 10 minorities. So al-Sharaa (who has disavowed his Al Qaeda past) has always said he’d use his 70 captain’s picks to rebalance things, though the ethno-religious make-up of his new list is unclear.
- 03
SINGAPORE
Another Nvidia smuggling raid.
Police have arrested four and seized ~$42M in luxury property and bank accounts in relation to the alleged smuggling of Nvidia’s advanced AI chips to China. (CNA)
Comment: Notwithstanding claims it’s all local-led, the timing (a day after similar raids in Taiwan) hints at a coordinated US effort to close tech leakage to China. And the method (asset seizures) suggests authorities are going after the financial incentives, not just the middlemen. While we’re on AI, it’s worth a look at a) the CNBC interview with Palantir’s Alex Karp, scorching frontier AI’s business model as selling tokens that “create no value”, and b) breaking reports DC might end up with a 5% stake in OpenAI to better share the benefits of the AI boom.
- 04
BRAZIL
TikTok’s big bet.
China-based parent company ByteDance has chosen Brazil for its largest data centre outside China, in a major $39B expansion that’ll serve one of its top markets while helping comply with evolving data localisation laws. (Bloomberg $)
Comment: Brazil is emerging as a key battleground in the global tech-data sovereignty fight, with ByteDance realistically seeing it as a hedge amid US/China tensions.
- 05
SOUTH AFRICA
Mass arrests amid anti-migrant protests.
Police have arrested some 900 locals during days of nationwide anti-migrant protests that’ve spilled over into unrest and looting in parts. A coalition of 20 civil society groups had organised the demonstrations to mark their own deadline for undocumented migrants (mostly from across Africa) to leave. (Al Jazeera)
Comment: This all continues to wedge South African authorities between an increasingly mainstream local sentiment around jobs and services, versus neighbouring nations incensed at the treatment of their nationals.
- 06
INDIA
Delhi goes WFH.
City of Delhi authorities have ordered half of all government and business staff to work from home every winter (Nov to Feb) as part of new measures to tackle the capital’s notorious toxic smog. (Hindustan Times)
Comment: It’s one of the most ambitious WFH mandates any major city has tried, though makes theoretical sense for a problem that’s become both seasonal and structural. The real test will be whether companies actually comply.

