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Meta shares rise as steady spending eases investor concerns Meta shares surge over 11% as steady capital spending boosts investor confidence. Congo becomes key in U.S.-China mineral race DR Congo offers U.S. access to minerals, intensifying competition for cobalt and lithium amid U.S.-China tensions. Fed holds rates as tariff risks grow Fed keeps rates at 4.25%-4.5% amid inflation concerns. Australia confronts decade-long productivity slump Canberra's reform initiative tackles Australia’s decade-long productivity stagnation to boost growth. AnalysisWith the UK and France moving toward recognising Palestine, will Australia now follow suit? Major powers signal a shift Arab states urge Hamas to disarm and cede power Arab states urge Hamas to disarm and transfer power in an unprecedented united call to end Gaza conflict S&P 500 and Dow drop after Powell’s comments S&P 500 closes lower as Powell indicates Fed's hesitation on rate cuts amid tariff impact concerns Annual inflation decreases to 2.1% in June quarter Annual inflation drops to 2.1pc in June, prompting expectations of an August interest rate cut by the Reserve Bank Australian-made rocket crashes shortly after Queensland launch Australian-made rocket Eris attempts launch from Queensland but crashes shortly after lift-off. Massive 8.7 earthquake triggers tsunami warnings across Pacific Magnitude 8.7 earthquake off Russia prompts tsunami warnings in Alaska, Hawaii and advisories for West Coast states AI boom lifts tech earnings in Q2 Tech giants' profits surge 18% in Q2, but Tesla's weak delivery clouds optimism. #TechEarnings #AIStocks #Tesla UK may recognise Palestinian state due to Gaza famine crisis UK may recognise Palestine if Israel doesn't ceasefire; diplomatic pressure mounts. Albanese government to include YouTube in social media ban for under-16s Albanese government to include YouTube in social media ban for under-16s Michelle Grattan. S&P 500 retreats amid mixed earnings and Fed uncertainty S&P 500 slips from record high as investors eye mixed earnings. Midtown shooter leaves note blaming NFL for brain injuries Midtown shooter leaves note blaming NFL for brain injuries after killing four before taking his own life