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By Cassell Bryan-Low FARNBOROUGH, England, July 21 (Reuters) – As Russia deploys growing numbers of faster jet-propelled versions of its Shahed attack drone, some defence companies are racing to develop a new generation of faster interceptors. Among them is SkyFall, a major Ukrainian drone manufacturer, which unveiled a new high-speed interceptor on Monday at the UK’s Farnborough Airshow, one of the world’s largest airshows.

BEIJING, July 21 (Reuters) – Beijing said it has summoned the Philippine ambassador ​to China on ‌Tuesday to lodge solemn representation over an encounter a day earlier between the two ‌countries ​in the ⁠Second Thomas Shoal, ⁠according to a statement.

A look at the day ahead in European and global markets from Ankur Banerjee Oil, not AI, is driving global markets as investors struggle with contrasting signals: hopes of mediation in the ​fast-spreading war in the Middle East against the backdrop of ‌escalating U.S.-Iran attacks in the five-month-old conflict.

By Saurabh Sharma and Francis Mascarenhas NEW DELHI, July 21 (Reuters) – India’s youth-led “cockroach” movement said it would continue its protest demanding the resignation of the education minister on Tuesday, a day after violent protests disrupted central Delhi, injuring scores of protesters and police personnel.

July 21 (Reuters) – Chinese regulators are considering ​tightening export ‌controls on AI and semiconductor technologies, the ‌Financial ​Times ⁠reported on Tuesday. Regulators ⁠led by the China’s Ministry of Commerce (MofCom) ​have been consulting ⁠leading domestic ⁠AI and ​chipmaking groups ​on how to prevent ‌China’s advanced technologies and star start-ups ⁠from being acquired by the west, ⁠the ‌report ⁠said, citing ​two ‌people involved in ​the ⁠discussions.

By Poppy McPherson BANGKOK, July 21 (Reuters) – Scam gangs defrauded Asia-Pacific residents of at least $88 billion in 2025, a United Nations office said on Tuesday, with transnational crime groups rapidly evolving tactics to stay ahead of law enforcement.

By Steve Gorman July 20 (Reuters) – Two women and three men were confirmed dead on Monday in an apparent mass drowning in Ohio after two people entered a river to help ​a struggling swimmer, followed by two more adults who made ‌an ill-fated rescue attempt of their own, officials said.

HONG KONG, July 21 (Reuters) – Ant International, an overseas affiliate of the Jack Ma-founded Chinese fintech firm ​Ant Group, has raised $1.2 billion in ‌its latest equity fundraising as it seeks to expand. Affiliates Ant Group and Alibaba Group participated in the private funding round, the ‌company ​said on Tuesday, without ⁠disclosing the size of ⁠their commitment.

By Leika Kihara TOKYO, July 21 (Reuters) – Japanese Prime Minister Sanae Takaichi vowed to boost investment in growth areas in her first economic blueprint finalised on Tuesday, a pledge overshadowed by rising bond yields reflecting concerns that the government could meddle in monetary policy.

By Kanishka Singh WASHINGTON, July 20 (Reuters) – MAGA Inc, a campaign funding group aligned with U.S. ​President Donald Trump, has amassed ‌more than $400 million, which the Republican leader’s allies will hope to use for the midterm elections. Here are the details: • ‌A ​filing with the ⁠Federal Election Commission ⁠showed the super political action committee, which began the year with $300 million, had funds of more than $400 ​million by the end of June.