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Articles in this issue: Ukraine says it hits more Russian fuel tankers as Crimea campaign intensifies Iran to bury slain Supreme Leader in culmination of mass funeral Putin likely to escalate Ukraine war, despite Trump peace push, sources say US military carries out fresh strikes on Iran NATO weathers another Trump storm but braces for more after Ankara summit China, Taiwan brace for Typhoon Bavi, possibly the most powerful storm in years Opinion polls see France's Le Pen winning 2027 election despite guilty verdict How a Palestinian town is defending itself from Israeli settler attacks South Korea's Supreme Court upholds lower court ruling in ex-president Yoon's obstruction case Pakistani rescuers find wreckage of lost cargo plane; search on for missing crew ICC official says breakthrough made in Darfur investigations Zambia election will put Hichilema's economic record to the test UN probe says mass killings, rapes, abductions, starvation by Sudan force amount to genocide Eleven more Trump deportees arrive in Eswatini from the United States, lawyer says Binance maintains commitment to EU, seeking more licences in Asia South African rand firms ahead of key manufacturing data Europe steadies after fresh Middle East hostilities Dollar follows oil lower; Gulf tensions, Fed minutes in focus Oil prices fall as markets weigh impact of US strikes on Iran France, Morocco bring post-colonial ties and family feel to Boston Big Tech joins Calgary Stampede oil bash, as Canada courts data centers Two more Guatemalan men plead guilty in smuggling deaths of 55 migrants in Texas Pentagon seeks to rally Latin America behind new Monroe Doctrine Quake-hit Venezuela's push for a swift debt deal raises fears of future crisis Mexico arrests man in theft of Leonora Carrington bronzework from church patio Death toll from Venezuela quakes rises to 3,811 as government seeks frozen funds Brazilian police search former President Bolsonaro's home for weapons Protests break out in Havana as Cuba struggles to restore electricity Venezuelan volunteers dig graves for quake victims as US defends government relief effort US coffee industry asks Trump to keep tariff exemption on Brazil beans Australia, India strike deal on uranium exports during Modi visit Four die in Delhi building collapse as rains batter India, trigger landslides Philippines rejects Chinese scholars' claim over its island province near Taiwan Asia seeks strategic flexibility amid US-China rivalry Taiwan central bank chief warns of AI bubble risk Asian investors eye firms benefiting from but resilient to AI Taiwan pushes back at China patrols with Coast Guard trip for foreign lawmakers From factory to tech frontier: China becomes legacy automakers' innovation engine Casualties reported after shoe factory fire in China's Fujian, state media says India removes import duty on some electronics, smartphone parts EU curbs on Chinese components risk halting renewables rollout in poorer countries, industry warns Porsche deliveries fall 16% in first half on China, US pressures Volkswagen faces showdown to decide future of creaking auto giant UK PM-in-waiting vows to rebuild 'hard power' for more dangerous world Far-right ex-mayor of Rome emerges as unlikely prison campaigner Greenlanders reject Trump's renewed push for control of island French competition authority's Nvidia probe nearing end UK Farage's election gamble could see him face one challenger... Count Binface Western Europe records hottest June on record King symbolically commutes death sentence for last British woman to be hanged India finds Adani's Mumbai airport shops sold nicotine pouches in breach of law India's monsoon to weaken over west, south, slowing crop sowing India consumer inflation likely topped RBI's 4% target in June Novo Nordisk launches weekly insulin shot Awiqli in India Gold ticks higher on easing dollar, focus on Middle East flare-up UK's Aviva takes full ownership of India unit after New Delhi eases foreign investment rules Mosque promised in India's Ayodhya settlement scaled back over funding shortfall Trump wants to leave the Iran war behind. That won't happen soon Gulf companies are set to reveal the unequal toll of Iran war Are the US and Iran escalating to negotiate? Thousands march as Khamenei's funeral procession crosses into Iraq Trump-Iran standoff threatens chronic Gulf oil instability Giuliani defends White house handling of Iran at World Cup Global economy resilient to Middle East war shock, agencies say How Iran's 'golden weapon' of Hormuz became a bigger priority than its long-disputed nuclear programme NATO's Rutte says alliance reunited at Ankara summit after Trump 'quarrel' Trump says he doesn't think Iran conflict will start again Pakistan urges all sides to uphold commitments under Islamabad MoU Some war insurers advise shipowners to pause Hormuz voyages after attacks, sources say Trump says he thinks Israel will withdraw troops from southern Lebanon Oil settles at multi-week high as US-Iran truce buckles under fresh hostilities Trump on Iran: US will probably hit them again Wednesday night What are the risks of an LNG tanker explosion? Oil refiners' Hormuz windfall may prove short-lived Qatari LNG tanker awaits salvage off Oman after projectile strike Hegseth cancels meeting with Netanyahu over possible sale of F-35s to Turkey, source tells Reuters US reinstates sanctions on Iranian oil sales after LNG, oil tanker attacks EU aviation agency tells operators to avoid Iran, Iraq and Lebanon airspaces until August 31 Trump says interim accord with Iran to end war is "over" Hormuz shipping risk raised to severe after tankers hit, reviving U.S.-Iran tensions Democrat Rahm Emanuel tells Israel to change course or risk US alliance Israeli fire kills nine people, including two children, in Gaza, medics say UN inquiry urges release of Gaza doctor held by Israel since December 2024 Bank of Japan sees growing inflation pressures from Iran war Japan in 'early innings' of more corporate buyout activity, Goldman Sachs says Japan benchmark bond yield extends rise after hitting 30-year high New European power links needed for renewables, grid resilience, Hitachi Energy says Honda recalls over 300,000 US vehicles over rearview image display issues Bumper haul of Pacific bluefin tuna a double-edged sword for Japan's fishermen Japan's ruling party plans tighter oversight of disclosures by activist investors With SpaceX Starship, Japan's ispace provides ride-share to the moon Japan considers policy wording change as BOJ independence fears roil bonds Japan asset managers pursue global investor mandates as yen bond demand grows Trump's visit a win for Turkey's Erdogan, NATO tensions aside Most Gulf stock markets extend losses amid rising US-Iran tensions Trump flies old Air Force One out of Turkey, switches to new jet in Britain for trip home Trump to remove Syria from US terrorism sponsor list Trump says Ukraine to be allowed to make Patriot missile interceptors Russia tries to jam Musk's Starlink systems to counter Ukrainian drones Russia bans diesel exports to ensure domestic supply after targeted Ukrainian drone strikes Russia attacks Kyiv for third time in a week, kills three Russian attack kills four in Ukraine port of Odesa, official says Russian-backed Crimea governor says fuel situation is likely to remain tense Chevron-chartered oil tanker caught in Russia-Ukraine war as Kyiv steps up attacks Ukrainian drones hit Russia's largest refinery, in one of deepest strikes yet Ukraine says its drones hit three refineries, tankers, in night of major strikes Ukraine's Zelenskiy signs 'drone deals' with three countries Russians race to adapt cars to use LPG as gasoline runs short UK's Capita warns on profit as civil service pension crisis deepens British neo-Nazi jailed for 13-and-a-half years, police say UK regulator fines Virgin Media $37 million for preventing contract cancellations Bonnie Tyler, singer of 'Total Eclipse of the Heart', dies at 75 Tesco exploring sale of Central Europe operations, FT reports British Paralympic great Storey retires, ends hopes of LA 2028 bid Platner ends Senate campaign, forcing Democrats to pivot in crucial Maine race US Justice Department tells state officials they could be prosecuted over noncitizen voting Smithsonian head says White House report unfairly characterized US history museum Judge says E. Jean Carroll can collect $5 million damage award from Trump Fatal ICE shooting in Houston sparks mass protest, demands for transparency Judge authorizes payment of multi-million dollar award to E. Jean Carroll in Trump case Trump says he will ask Supreme Court to rehear birthright citizenship case Judge in Charlie Kirk case blocks parts of roommate video Trump invokes communism 81 times in two weeks as aides test midterms message Reuters NEXT Asia brings policymakers, business leaders to Singapore As Iran war rolls on, some executives say the 'worst is behind us' Temasek keeps 25% of portfolio liquid to weather shocks and seize trends, CIO says Hong Kong wealth fund HKIC to post double-digit rate of return since 2022 IHH hospitals in India, Singapore saw fewer patients from Middle East due to war Malaysia will only import oil from Russia if acceptable from an international trading basis, minister says Thailand looks to raise investment proportion in GDP to 30% US power companies scramble to secure equipment as surging data center demand strains supplies SK Hynix's US listing more than seven times oversubscribed, source says Investors get inflation 'wake-up call' as Trump fires up oil prices Uniqlo operator Fast Retailing cautions on yen and heatwaves, but raises profit forecast Kalshi in talks with regulators to expand never-expiring derivatives to new areas Back-to-School spending to dip 6% amid economic worries, Deloitte forecasts Senate committee to vote on bill to tighten US ban on Chinese vehicles Deutz buys military vehicle maker FFG in 1.6 billion euro defence push Indonesia's Pertamina, Boeing sign MoU on sustainable aviation fuel development Honeywell Technologies raises profit guidance after one-for-two reverse stock split How can Trump 'cut off all trade' with Spain? Etihad nearing deal to order 10 Boeing 787 jets, sources say US criticizes China for short notice ahead of missile test Macron says Europe has stepped up in NATO ahead of Ukraine coalition summit Sweden and Germany sign letter of intent on air defence, Swedish government says What are the key issues in Volkswagen's restructuring efforts? US judge approves Elon Musk settlement with SEC despite misgivings, 'red flags' Companies must address self-driving car interference with emergency vehicles, U.S. says Cost of driving in Singapore soars as ownership certificates reach nearly $100,000 Mercedes-Benz Q2 sales fall, China competition intensifies TotalEnergies divests its distributed solar generation activities in Europe Chevron offers rival drillers its chemical technology to boost shale oil output OMV expects higher energy prices to offset conflict impact Nordex Q2 orders rise on U.S. demand Heatwave linked to more than 5,000 deaths in Germany Barry Callebaut does not expect repeat of cocoa crisis despite El Niño risk Wildfire in central France threatens KNDS site, posing explosion risk, officials say Catastrophic storms to test China's resilience in 2026, scientists warn EU plans to impose emissions costs on waste incineration plants Commerzbank workers reject UniCredit as it inches toward control BP CEO says company must sharpen financial discipline, tighten spending Europe's financial stability watchdog examining private credit risks, adviser says Australia's Steadfast exclusivity period extended as US consortium reaffirms $5.3 billion bid Australia regulator reviews audit conduct complaints at Big Four after KPMG scandal US SEC removes legal obstacle to UBS' crisis-resolution plan Polish watchdog searches banks in mortgage-scoring probe New Congo province has suspected Ebola case as deaths hit 600, report says Germany detects swine fever case in wild boar Alector and GSK partnership to end after dementia, Alzheimer's drug failures AstraZeneca, Daiichi near UK pricing deal for breast cancer drug, Bloomberg News reports Sino Biopharmaceutical, GSK expand alliance with China rights to respiratory drugs Sanofi to stop disparaging rival flu vaccine to stave off EU antitrust fine Newer style hip implant significantly cuts dislocation risk Trump CDC nominee Schwartz set for July 15 US Senate confirmation hearing AstraZeneca secures ex-China license for Sino Biopharmaceutical's experimental COPD drug Obamacare insurers ask for second-highest premiums increase in nearly a decade US states could sue next week to block Paramount-Warner Bros deal, sources say Paramount will not close its Warner Bros deal before July 22 amid Oregon probe Mick Jagger says Rolling Stones hope to tour new album 'Foreign Tongues' SpaceXAI launches Grok 4.5 model for coding, agentic tasks 'The Pitt' and 'Hacks' rack up nominations for television's Emmy Awards EU sues Hungary over food price cap on foreign retailers From space rocks to smartwatches, AI millionaires rewrite the luxury playbook US container imports jumped 8% in June ahead of higher fuel costs and tariff increases US FDA approves Vera's kidney disease drug Crypto firms prepare defenses as quantum threat to encryption draws nearer India central bank backs crypto ban, tax department warns of evasion risks, documents show Nigel Farage takes his 'fight with the establishment' to the voters Salzgitter to acquire HKM, cut around 2,000 jobs Allianz to cut up to 1,800 jobs due to increasing AI use BHP iron ore workers threaten first strike in decades at Port Hedland Oil rises more than a dollar per barrel as US launches fresh strikes against Iran Air India chair to oversee firm with interim panel; CEO search continues, source says Chinese tech firms, from Apple suppliers to OpenAI rivals, raise $17 billion in Hong Kong Japan bond market signals waning faith in inflation, government's fiscal management China's producer inflation jumps to 4-year high, squeezing manufacturers Adani Enterprises, France's Dioxycle partner on low-carbon chemicals in India EU plans slower CO2 cuts, more free permits for industry in carbon market overhaul Iraq will not leave OPEC but seeks fair output quota, PM says France unveils fertiliser aid for farmers after global price surge HSBC lowers 2026-27 gold price forecasts on hawkish Fed tilt India's dollar inflow salvo sparks record $120 bln in corporate hedging as exporters return Morning Bid: Chip euphoria vies with war weariness Rupee firms as central bank intervention blunts oil strain, Trump's remark aids New Zealand's manufacturing index hits five-year high in June on renewed confidence Trading Day: War on, risk-off: Stocks drop, crude jumps as Trump calls Iran peace deal 'over' LatAm assets slide after Trump says Iran deal 'over' Hugo Boss recommends shareholders reject Frasers' bid Naval Group sees Europe 'buying European' more, CEO says BofA extends first $520 million loan to OpenAI ahead of IPO, source says UK takeover panel extends deadline for DCC takeover offer by KKR, Energy Capital consortium China aims to raise EV share of vehicle ownership to 30% by 2030 India's JK Tyre plans 11%-13% price hikes by September-end India's Dr Reddy's on track for worst day in 3 years as semaglutide supplies hit UK pay awards hold at 3.5% in three months to May, IDR survey shows UK housing market downturn eased a little in June, RICS reports VIEW Stocks, bonds retreat after Trump says Iran MOU 'is over' Spanish markets hit by Trump's renewed trade threat Australia's largest pension fund invests A$500 million in India's infrastructure fund SBI Funds Management targets $12.24 billion valuation in India IPO Bezos' Blue Origin seeks first outside funding at $130 billion valuation, NYT DealBook reports AI chip startup SambaNova valued at $11 billion in $1 billion funding round South Korea to closely watch risks around stock market volatility European shares gain as tech stocks rebound; Middle East in focus German exports rise unexpectedly in May on surge in US demand Thames Water creditors prepare fresh funding backing, Sky News reports UniCredit closes in on Commerzbank as battle enters endgame Hedge funds record best first-half performance in 13 years, sources say S&P 500 ends down after Trump says Iran deal is 'over' Nasdaq sinks as AI worries hit chipmakers US nuclear power regulator proposes narrowing scope of environmental reviews Backlash on ethanol-blend fuel intensifies in India, puts carmakers in the dock WTO panel largely rejects Indonesia's challenge to EU duties in fatty acid imports dispute Deere settles lawsuit by US FTC, states over equipment repair restrictions Guatemalan zoo breeds rare lizards in bid to save endangered species Severn Trent Water breached wastewater duties, UK watchdog says Singapore's Temasek green portfolio rises 7%, sees uneven climate path Meta says US states are seeking $1.4 trillion in penalties in August youth safety trial VEGOILS Palm up over 1%, hitting 2-week high on rival oil, crude oil strength US judge orders four states be given access to citizenship data for voter checks Former Wisconsin judge spared prison in Trump immigration case Lawyers' group seeks White House records tied to Trump's law-firm executive orders US court says Trump name must stay off Kennedy Center during appeal Bayer seeks to end federal Roundup litigation after Supreme Court win Nearly half of early career lawyers use AI daily, survey finds Oregon to ask court to delay Paramount deal for 60 days while it reviews records Lawsuit alleges US shared information with Iran about asylum seekers, US denies allegation US judges leery of California ban on workplace 'captive audience' meetings Jay Clayton's US intelligence director nomination hearing set for July 15 US charges imprisoned Indian gang leader with ordering 2023 murder of Canadian Sikh separatist Blackstone, TPG seek over $4 billion for Hologic's surgical unit, FT says Legal AI startup Norm Ai hits $1.2 billion valuation after $120 million funding Oklahoma sues Allstate, says insurer underpays damages claims Apple loses challenges against EU rules to curb Big Tech German Football Association's rules on agents get a pass from EU top court Norfolk Southern, Union Pacific defend proposed $85 billion merger French antitrust watchdog orders Meta to resume talks with media groups over publishing fees Forget TACO. Trump's best Mexican food acronym is TAMALES Morning Bid: Is it 'over'? European growth could be a casualty of increased defence spending Europe's next climate adaptation boom isn't solar panels — it's asphalt Russia's Achilles heel, a stockpickers' quarter and Europe's self-esteem issue: Mike Dolan's midweek market musings Trading Day: A chip on our shoulder: Volatile semis drag U.S. stocks lower, crude jumps Shanghai nickel breakout signals new metals trading landscape Apple to spend $30 billion on Broadcom chips as it boosts US sourcing OpenAI launches GPT-Live voice models that listen and speak simultaneously Rubrik unveils $500 million UK investment, names London as European HQ UK's Playtech forecasts 2026 profit beat on strong US, Latam growth Meta to build C$13 billion Alberta data center, its first in Canada China weighs silicon curtain around sought-after AI models Fed policymakers' inflation concerns grew at June meeting, minutes show China issues 'backdoor' security alert over Anthropic's Claude Code Telstra outage in Australia disrupts trains and payments; no evidence of 'malicious' activity Beijing is looking at curbing overseas access to China's top AI models, sources say Astronomers scrutinize exoplanet that survived the death of its star Ancient quasars add to a 'major unsolved problem' in astrophysics Mistral launches first robotics model in physical AI push Major AI offerings at a glance Temasek targets big jump in AI investments as value of portfolio hits record high Justin Bieber added to World Cup final halftime show lineup The World Cup's hidden runners: referees keep pace with players and pressure Albania's PM defends €4 million Kanye West concert Balenciaga shows ballooning capes, ostrich feathers in Piccioli's haute couture debut for the brand 'Jesus Christ Superstar' returns to rock roots with West End revival Matt Damon calls 'The Odyssey' the most challenging film of his career Giorgio Armani Prive shows beaded blazers and evening gowns on Paris haute couture runway Chanel shows feathered ruffs, slit tweed skirts in fairy tale-inspired haute couture show Reuters launches Model Context Protocol server to bring trusted news directly into customers’ AI workflows Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers.