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Articles in this issue: Russian attack on Kyiv is second-deadliest so far this year US-Iran talks conclude in Doha, focused on Strait of Hormuz US declines to extend North American trade deal, starting clock to end it while seeking changes French far right ponders life beyond Le Pen as appeal ruling looms Russian frustration rises as fuel crisis bites Members of rebel Catholic group in schism, excommunicated, Vatican says Net-zero champion Europe snared by climate change on its doorstep India, Japan sign pacts on AI, metals, and energy after Modi-Takaichi talks Firefighters battle blazes in southern France after European heatwave India's capital announces permanent anti-pollution curbs for toxic winter months Over 900 arrested during South African anti-migrant protests Niger arrests at least 16 for same-sex sexual acts, judicial source says Scared but staying: Some migrants dig in as South Africa turns hostile China's Hengli scraps West African, Mideast oil purchases and cuts output South African rand inches higher as traders brace for key US jobs data World Bank approves Morocco clean energy project after ending climate lending target Salah fitness race in focus for Egypt ahead of Australia clash Google has exceeded $1 billion Africa investment target Floods in Ivory Coast kill 59 people, government says Mass school kidnappings in Nigeria in recent years Young survivors of Venezuela quakes run shelters as search drags on Argentina seen managing 2027 debt wall but political risk is key Alberta's separatism debate jostles summer rodeo scene US military deploys over 900 personnel to Venezuela for earthquake response After Venezuela quakes, citizens lead rescues amid military theft accusations Lula leads Senator Bolsonaro in Brazil presidential run-off, poll shows US designates Ecuador's Chone Killers gang a foreign terrorist group Germany's top diplomat says EU-Mercosur deal still has issues to resolve Brazil's bad loans on non-earmarked credit at record high, despite debt relief drive Taiwan needs a 'hornet's nest' of drones to deter conflict, US diplomat says Microsoft partners with Singapore's Lightstorm to build India-Southeast Asia undersea cable Eight monks killed in Thailand after 11-year-old boy crashes truck Kyrgyzstan asks neighbours for help with fuel supplies as Russian shortages bite Russia approved secret China military training at top level US House committee says South Korea discriminated against Coupang South Korea's currency chief says in talks with Japan, allies Super Micro says two Taiwan staff detained in probe involving its AI servers Samsung Group details plans to invest $90 billion in South Korea's central region Europe growth hit more by China exports than bigger trade gap, Goldman says Dollar eases, yen gains ahead of US payrolls, chipmaker stocks struggle Yen rallies as traders alert to intervention risk; U.S. payrolls in focus Beijing says plane crash into skyscraper was caused by 'personal reasons' Senior Chinese lawmaker to attend Khamenei's funeral Volvo Cars April to June sales volumes fall 5.6% year-on-year China, EU to have second trade, investment consultation mechanism meet this autumn A new, inexpensive Chinese AI model is catching up with Anthropic, OpenAI on their home turf Europeans to fill almost all gaps left by US in NATO defence plans, source says Lithuania agrees to remove constitutional ban on nuclear weapons Poland detains two men suspected of spying for Belarus Germany charges Nord Stream suspect with war crime complicity, sabotage Ukraine withholding promised drone technology as historical tensions rise, Polish minister says Google loses fight against record €4.1 billion EU antitrust fine Amazon vows action against India delivery partner after fire probe concludes India tells WhatsApp to halt usernames rollout, justify feature or face action India's Skyroot Aerospace readies country's first private orbital rocket launch Indian shares rise as gains in auto, financials outweigh IT losses Russia buys gasoline from India to tackle shortages Medical device maker Zimmer Biomet to hire 500 in 3 years for tech centre in India Danish brewer Carlsberg files for India unit IPO UAE's IHC, Adani plan $11.5 billion aluminium project in India's Odisha Iran warns US, Israel against attacks ahead of funeral processions for Khamenei Syrian foreign minister says Syria open to meeting Hezbollah, according to media reports UBS lowers 2026-2027 oil price forecasts as Hormuz flows recover Saudi Aramco ramps up exports from Ras Tanura, switches to spot sales, sources say Oil falls for a third straight day after US, Iran conclude talks in Doha Iran warns of immediate response to any threat, cites US commitment to restrain Israel Hundreds of thousands of Lebanese head home as fighting eases One US service member missing after helicopter goes down in Arabian Sea Oil prices fall 1% to 4-month lows as progress in US-Iran talks cools supply concerns Trump says the U.S. and Iran getting along very well The next Iran war may come sooner than you think Iran insists on keeping control over Hormuz, senior Iranian sources say Iran says it won't meet with US envoys, clouding prospects for peace deal Asian airlines' Europe windfall fades as Gulf rivals rebound South Korea cargo ship Namu to exit Strait of Hormuz after attack in Gulf Japan shifts to ambush intervention tactics against yen short sellers Japan's yen jumps, with traders twitchy about intervention risk SoftBank renews talks for $10 billion loan against OpenAI stake Nissan CEO’s US mission: shed rental-car image Japan government panel member calls for moderate BOJ rate hikes Toyota US second-quarter sales up 1% Sony to end discs for new PlayStation releases as gaming shifts online JERA sets up Singapore unit for LNG strategy, procurement, investments Most Gulf markets muted as US-Iran negotiations show little headway Syria's Sharaa appoints lawmakers, paving way for new parliament to convene NATO allies have grown silent on rights concerns in Turkey EGA ramps up recovery at aluminium complex damaged in Iranian strikes Ukraine announces framework for wartime arms exports Germany charges Ukrainian over Nord Stream pipeline blasts Top Ukrainian commander says forces readying for possible new Russian attack from north Ukraine seeks €6.6 billion from EU's peace fund for military aid Polish military ends air operation, reports no airspace violations, armed forces say Russia says it strikes Ukraine in retaliation for recent attacks Ukraine urges swift publication of Irish investigation into alumina exports Russia's statistics agency says gasoline prices up 30% in Crimea's Sevastopol Ukraine's Zelenskiy in Ireland as Dublin takes over Council of EU presidency Ukraine hits Russian oil refinery and missile component plant, Zelenskiy says Estonia images show machine guns on Russian LNG carrier in Baltic UK's Starmer leaves successor-in-waiting Burnham with defence funding gap Racism and intolerance have worsened in Britain, Starmer says With closer EU ties 'crucially important', Britain sets sights on new summit Judgment expected on July 7 in Prince Harry's legal battle against Mail publisher Kane double rescues England in comeback win over DR Congo UK police watchdog probes two officers over handling of Henry Nowak case UK sets out teacher pay hikes that should outpace inflation UK manufacturing activity cools despite stockpiling boost to output, PMI shows England survive huge DR Congo scare to set up Mexico showdown England-India T20 abandoned because of rain FBI says Nancy Guthrie probe remains kidnap-for-ransom case, despite notes deemed not credible Trump urges acting spy chief to declassify records, including on 2020 election US job growth likely cooled in June after recent string of big gains Despite some big losses, Supreme Court rewards Trump's assertion of power Kansas school district rejects accusation of violating law over transgender policy Judge blocks US Postal Service's proposed restrictions on mail-in voting House Republican leaders urge Trump to let Jones Act waivers expire as scheduled in August Minnesota attorney general shuts unit reviewing wrongful convictions, cites Trump funding cut 'It's crazy': Broadcasters toil, and revel, in supersized World Cup Wall St futures muted as investors await payrolls data Chinese and US risks mean EU chip sector faces a 'bleak future,' report says U.S. closes 2022 probe into 695,000 Tesla vehicles over unexpected braking In Sintra, world's central bankers find ally in new Fed chief Defense startups raid auto and fracking sectors for parts to speed weapons output Tankmaker KNDS puts off IPO citing tough defence market conditions Australia seeks to rein in defence spending blowouts, delays France's Dassault open to cooperation after fighter programme collapse Germany backs compulsory reservist training to strengthen armed forces Beijing plane crash clouds China's low-altitude flights, uncovers safety gaps BYD's sales rise for second month, buoyed by exports GM's second-quarter US auto sales fall 4% Wayve courts automakers with AI driving system that learns like humans US car sales on cruise control despite pressures China's BYD nears decision on second European plant, adviser says Tesla Q2 deliveries expected to rebound as Europe sales recover Kuwait's KPC asks some oil pipeline bidders to form consortiums, say sources Kurdistan-focused Genel Energy marks Egypt entry with $360 million Capricorn takeover US is working on ban targeting Chinese energy inverters, sources say UBS cuts Brent crude price forecasts on improved Hormuz oil flows Hungary threatens clampdown on EV battery industry after pollution case From Kansas to New York, historic heatwave bakes US ahead of July 4 holiday Gas plants for US data centers to be major source of climate change-linked emissions, report says New Zealand declares El Niño conditions, strong event likely Valar nuclear startup partners with Nvidia on data center aiming to conserve water Climate activists sue TotalEnergies, demand sale details of Nigerian SPDC oil stake In a warning sign, analysis shows publicly traded credit funds are unprofitable Deutsche Bank and unions reach pay agreement for Postbank employees ECB pushes back on calls for lower bank capital levels Mega-deals fuel record M&A as boards dream big on takeovers UBS has enough capital to satisfy planned Swiss reforms, central bank says SoftBank's LY, Bain raise Kakaku bid again with $4.1 bln valuation US Treasury picks State Street, BlackRock and Vanguard ETFs for Trump Accounts Bridgewater's flagship macro fund gains 8.1% in first half amid market volatility, sources say Short sellers boost bets against SpaceX and it's already costing them Judge blocks Colorado's first-of-its-kind price cap on Amgen's Enbrel Abivax nears $11 billion valuation after fundraising eases M&A pressure Older Americans left out of costly GLP-1 craze expected to flock to new program DEA moves to place some strong kratom-related products under strict federal drug controls Who qualifies for Medicare's new $50 weight-loss drug program and what are the concerns? US FDA approves Vertex's gene therapy for sickle cell disease in children as young as two Alibaba to pay $600 million to resolve US drug sales probe US nuclear power regulator proposes changing rule protecting people from radiation Cigna invests $100 million in new AI-powered specialty pharmacy program Taylor Swift and Travis Kelce’s wedding fascinates, flummoxes media Paramount offers remedies for Warner deal, making EU approval likely Wealthy businessman goes on trial over murder of Maltese journalist Canada will join Eurovision Song Contest in 2027 Bayer fuels break-up talk as Roundup business put into separate unit AB Foods says US cooking oil sales hit by ICE pressure on Hispanic customers Kroger to buy grocer Giant Eagle in $1.65 billion deal as competition heats up Nike gains despite China slump as investors eye turnaround progress EU slaps €3 fee on cheap ecommerce parcels in blow to Shein, Temu, AliExpress FDA clears Orca's blood cancer therapy to reduce stem cell transplant complications Citi cuts bitcoin, ether forecasts as ETF flows turn negative UK investors sue Binance in London for £150 million Trump reports over $1.4 billion in income from crypto ventures South Korean shops turn to robots, self-service to escape labour woes Morning Bid: Shares pull back as markets await likely payrolls beat Danantara Indonesia says financial report is still being processed Rupee bounce fizzles as RBI intervention thins, arbitrage flows pick up Gold climbs on soft employment data, lower oil ahead of US payrolls report China Resources New Energy more than doubles in debut after Asia's biggest IPO of 2026 Industrial firms warn EU carbon overhaul could benefit polluters Yara buys Texas ammonia plant for $1.3 billion UK business morale slumps as Iran war pushes up costs, survey shows Australia trade swings to $2.1 billion deficit in May, largest since 2015 Columbia Threadneedle and Patrizia merge UK property funds OpenAI proposes handing Trump administration 5% stake, FT reports Oaktree-backed ITG jumps in Nasdaq debut, signaling strong AI infrastructure demand Europe's biggest office sale in four years boosts London's Canary Wharf Activist investors make bigger push for campaigns in H1, seek more M&A Indonesia parliament begins deliberations on international financial centre bill Under-fire German ruling coalition unveils reform package Trading Day: Stocks dip as sluggish July shuffles in Uber-backed Lime rides IPO wave to $1.7 billion valuation in Nasdaq debut BlueCrest loses £200 million battle against UK tax authority ING close to buying 40% stake in Spain's Singular, source says Investors warm to European stocks eclipsed by Wall Street's AI glow Uber-backed Lime raises $167 million in US IPO Global funds revisit Indian stocks as oil, rupee risks recede Italy jobless rate at record low of 5% in May, but 22,000 jobs lost European shares rise as defensives counter tech slide India's Hero MotoCorp to invest over $336 million in Andhra Pradesh When career playbooks fail: Money moves to make right after a layoff Mapping the Market: The euro's false dawns against the pound Wall Street ends choppy session lower as tech shares drop Brazil needs new fiscal measures as targets become unfeasible from 2028, Treasury says S&P 500, Nasdaq register best quarter since 2020 despite Iran war US FTC says AI bias safeguards may run afoul of consumer law Scandal-hit KPMG Australia appoints new chair, faces fresh criticism Australia weighs break-up of Big Four accounting firms after scandals UK's Currys warns memory chip shortage will push up prices World Cup fans sue StubHub over cancelled tickets California man with bipolar disorder says ChatGPT fueled delusions, led to self-harm in new lawsuit Russia warns Apple of $52 million fine over alleged bias against local apps Andritz to cut 500 further jobs, pins hopes on hydro boom French government seen facing no-confidence vote over heatwave handling US Senator Warren calls for Fed watchdog review of Bowman's BofA dinner, WSJ reports TikTok to settle with teen plaintiff before California social media trial, law firm says Meta loses bid to dismiss US states' claims that Facebook, Instagram addict children Norway offshore workers, employers enter mediation to avert strike Battery metals recovery runs into stop-start EV market Europe's solar boom is masking a growing strain on power markets Myanmar set to restart contentious $3.6 billion dam project backed by China Ex-CIA chief Brennan, a Trump target, seeks to force DOJ to preserve records US Justice Department sues Virginia, California over gun laws US judge won't block Labor Department rule on union financial disclosures US threatens to cut funds for Kansas school district over transgender policies As deportation protections end, Haitians confront fear and uncertainty DOJ directs prosecutors to prioritize 'birth tourism' probes following court ruling US judges block Trump's limits on student loan forgiveness program PureTech entity Celea raises $180 million to move lung disease drug into late stage trial Goldman names acting general counsel, replacing Epstein-linked Ruemmler who stays as adviser Australia's Perpetual hits 6-month peak after rebuffing EQT's $1.69 billion bid Shopify settles copyright lawsuit over rival e-commerce platform LSD therapy biotech Definium fends off trade-secret lawsuit Chinese battery maker Gotion sues Michigan town for millions in damages over plant project Swedish court orders Google to pay $1.5 billion to Klarna in antitrust damages South Africa's top court says bank rand-rigging case can proceed Supreme Court takeaways: Wins for conservatives, some Trump limits Supreme Court spurns Trump on birthright citizenship Supreme Court clears way for transgender sports bans Supreme Court strikes down curbs on coordinated campaign spending Wall Street's aging bull meets an 'everlasting' US expansion Five charts that explain the energy world right now Coking coal miners caught between India's surging demand and Australia's taxes Morning Bid: Kicking off H2 Putin's diesel export ban risks new fuel shock Youth, task forces and AI debt - notes from the week Trading Day: Stocks cap weak month, stellar quarter Why Trump's tariffs had plenty of bark, but limited bite SK Hynix to spend $64 billion on memory chip plants under broader AI investment plan China's UBTech launches AI-powered lifelike companion robots US in talks with AI companies for voluntary model standards, FT reports Musk denies WSJ report that SpaceX showed AI handset prototype before IPO US removes curbs on Anthropic's latest Fable and Mythos AI models Boeing says IT outage affected computer systems, applications US House committee opens investigation into Merck, AbbVie China drug trials Astrobotic, Firefly, Intuitive Machines win more NASA moon lander missions Together AI raises $800 million at $8.3 billion valuation Portugal launches first open-source AI model, joining Europe's sovereignty push Taylor Swift-Travis Kelce: their biggest plays, on and off the field How a free charm bracelet conquered the World Cup Inglewood, once known for danger, uses World Cup to rebrand as a fun place Sabalenka begs Wimbledon to let the dogs in Once in a 1,000-year chance to see Bayeux Tapestry in England makes for sell-out show Politics aside, Mexico and Ecuador fans keep World Cup rivalry friendly Tales from 16 World Cup cities Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. 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