Bahrain initiates acquisition of McLaren worth $3.5 billion

Headline: Global News Roundup: Digital Investments, Political Developments, and Diplomatic Summits

In the world of business, QIA, a leading investment firm, has announced plans to invest a staggering $500 billion in the US over the next decade, focusing on digitalization and artificial intelligence.

Meanwhile, a new trade grouping called the Future of Investment and Trade Partnership (FIT-P) is being discussed among ten small and medium-sized countries. Potential members include Costa Rica, Malaysia, Morocco, Norway, Panama, Rwanda, and Uruguay.

In the realm of technology, artificial intelligence company Anthropic has raised $13 billion in its latest funding round, with Qatar Investment Authority joining as one of the investors.

Moving on to politics, a federal judge in the US ruled that President Donald Trump's deployment of the National Guard to California to quell protests over immigration raids in June, violated the Posse Comitatus Act.

In international relations, Syria is seeing promising signs of revival nine months after the fall of the Bashar al-Assad regime and the end of a 14-year civil war. The country has exported its first official crude oil shipment since 2010, and half a million Syrians have returned from neighboring countries.

China welcomed more than a dozen world leaders, including Russia's Vladimir Putin and India's Narendra Modi, for a summit aimed at countering a Western-led world order. Chinese leader Xi Jinping further outlined his vision for a global order with Beijing at its center, winning approval for a development bank attached to the Shanghai Cooperation Organisation and unveiling his Global Governance Initiative.

In other world events, more than 800 people have been killed after an earthquake struck near the Afghanistan-Pakistan border. Rural Afghanistan's homes, built from mud and stone, were easily damaged in the disaster.

Thailand's constitutional court sacked the country's prime minister, throwing the country into renewed political turmoil. The leaders attending the 2025 Shanghai Cooperation Organization summit in Tianjin, China, include President Xi Jinping of China, President Vladimir Putin of Russia, Prime Minister Narendra Modi of India, President Ebrahim Raisi of Iran, President Alexander Lukashenko of Belarus, and the heads of state of Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, and Uzbekistan.

In the Middle East, Israel is reportedly considering annexing parts of the occupied West Bank in response to several Western countries' plans to recognize a Palestinian state. The UAE has voiced strong opposition to Israel's plans, calling it a "red line" that would foreclose the idea of a peaceful solution and be the death knell of the two-state solution.

The Taliban in Afghanistan have made it extremely difficult for humanitarian agencies to mobilize resources, creating a "perfect storm" of devastation in the country.

In sports, Formula 1 has a global fanbase of 827 million and revenues that have nearly doubled since 2017. Gulf money is reshaping the Formula 1 grid, with logos from Saudi's Aramco and Ma'aden on Aston Martin's cars, and Grand Prix stops in Bahrain, Qatar, Abu Dhabi, and Jeddah.

In healthcare, young children with attention deficit hyperactivity disorder are being prescribed drugs too readily, according to research. About 42% of US children diagnosed with the condition are given drugs within 30 days of diagnosis.

Lastly, a landslide in western Sudan killed at least 1,000 people, intensifying hardship in a country besieged by years of civil war, with famine declared last year and the UN warning that more than 25 million people face extreme hunger.