🖥 🇺🇸🔽Over 60% of the S&P 500's components are now in bear market territory, down -20% or more from their record highs.

Four of the Magnificent 7 stocks are now in bear market territory, with these seven names erasing a combined -$4 trillion in market cap since their highs.

We are in a "stealth" bear market.

📎 KobeissiLetter

—UPDATE: Delije have repainted the 'When the army returns to Kosovo' mural on Zeleni Venac, in Belgrade, after it was whitewashed by an NGO unaffiliated with the Student List.

🔗 Sam Street

✅ @balkanspectator — the leading Balkan news channel in English

🖥 🇺🇸 🔽 The Nasdaq 100 extends losses to -3.6% on the day, now on track for its biggest daily decline since June 5th.

The index has erased over -$1.3 trillion in market cap today.

📎 KobeissiLetter

—🇧🇬 Bulgaria removed from FATF grey list

➡️ The Financial Action Task Force has ended its increased monitoring of Bulgaria, citing progress on measures against money laundering and terrorist financing. The country had been on the list since October 2023.

➡️ Rumen Radev welcomed the decision as a boost to the country’s international standing.

🔗 FATF decision · Radev’s statement

✅ @balkanspectator — the leading Balkan news channel in English

💼 Would you join a Balkan Spectator Business Club?

🌐 We’re considering creating a private Telegram group for entrepreneurs, business owners and professionals interested in doing business in the Balkans — a place to exchange experience, find partners and suppliers, ask questions and build useful connections.

📥 Membership would require a short introduction before approval: what you do, which products or services you work with, and what you’re looking for. Once admitted, you would introduce your work and interests to the group. Pseudonyms would be welcome — sharing your identity would remain optional.

📊 We’re also exploring what useful content we could provide: selected business opportunities, relevant economic developments, practical market insights and updates on changes affecting businesses across the region.

Would this interest you? What would make the group worth your time — and what kind of information would you find most useful?

Share your thoughts in the channel's DMs.

✅ @balkanspectator — the leading Balkan news channel in English

—🇧🇦/🇭🇺 NEW: Former Hungarian PM Viktor Orbán and his wife visited SNSD leader Milorad Dodik and his family near Banja Luka.

➡️ Dodik described the Orbáns as lifelong friends and thanked Viktor Orbán for his support for Republika Srpska during his time as prime minister.

🔗 Dodik’s statement · Local report

✅ @balkanspectator — the leading Balkan news channel in English

—🇵🇱 BREAKING: Poland’s president has turned his plane around mid-flight and headed back to Warsaw as riot police surround the Constitutional Tribunal and rival judges dispute control of the court. Karol Nawrocki was travelling to Senegal when he cancelled the visit. “At such a moment, the president must be in Poland,” he said.

It comes after Anna Korwin-Piotrowska announced the suspension of Tribunal president Bogdan Święczkowski and his deputy, Bartłomiej Sochański. A notice appeared on the court’s website, while its official X account rejected the move, said both men remained in office and accused those involved of committing a “coup d’état.” The account also alleged that the website itself had been unlawfully taken over.

The confrontation then moved to the gates. Footage shared by Mario Nawfal showed Święczkowski attempting to regain access after chains were cut, with police continuing to block his way. Demonstrators gathered outside, and three people were detained after attempting to enter the complex. Police said their deployment followed warnings about threats to judges and staff, and maintained that officers were securing the grounds without entering the building.

Inside, Korwin-Piotrowska confirmed that seven judges were present. The Tribunal’s spokeswoman said they had been escorted in by State Protection Service officers through a gate connecting the grounds to the prime minister’s chancellery. Outside, opposition leader Jarosław Kaczyński accused the government of turning Poland into a police state, while Supreme Court chief Zbigniew Kapiński also described the developments as a coup. Nawfal subsequently reported that Nawrocki’s convoy was heading to meet Kapiński.

The dispute follows months of deadlock over parliamentary appointments that Nawrocki has refused to complete and Święczkowski has refused to recognise. Justice Minister Waldemar Żurek has now requested that the Tribunal leadership’s immunity be lifted. Tusk, meanwhile, is defending decisive action to restore the rule of law: “There is no other way.”

📸 Picture: Mario Nawfal

@thebalkanletter

#NEWS | 🇨🇭 🇰🇵 — Switzerland is opening a diplomatic office in Pyongyang to maintain direct contact with North Korea and support its good offices.

🌐 — The Global Eye | Subscribe ✈️