Tariff Refunds & Trade Shock: A Supreme Court ruling reversed Trump-era tariffs, and businesses are already getting back part of the roughly $166B due—yet the damage to prices and supply chains won’t fully unwind. Consumer Impact: UK retail volumes rose 1.0% in June as heatwaves and promotions boosted clothing, outdoor gear and online shopping, while some retailers still warn confidence is shaky. Energy & Shipping Costs: The Strait of Hormuz crisis is driving insurance costs for tankers from about $250k to as much as $10M per trip, pushing fuel and goods prices higher. Financial Access in India: Banks and insurers will roll out a common customer ID system (CKYC 2.0) in August to reduce repeated paperwork and help curb fraud. Power Reliability in Türkiye: The World Bank Group/IFC is investing in Uludağ Enerji to modernize grid infrastructure and improve resilience to heatwaves and wildfires. Retail & Product Rules: Kenya’s competition authority says manufacturers can resize products, but must clearly label and disclose changes to avoid misleading shoppers. Global Retail Expansion: Miniso opened its first Miniso Land premium IP store in Macau, leaning on licensed characters to drive foot traffic. Tech & Semiconductors: China’s memory chip makers are gaining pricing power amid AI demand, with disputes highlighting shifting leverage in the supply chain.