Description:

Articles in this issue: Iran says it struck US air base in Jordan How flammable decor and lax rules turned Bangkok pub into a death trap Lebanon, Israel hold US-brokered talks in Rome to implement framework deal Firefighters battle Fontainebleau forest fire near Paris UAE says Iranian missiles struck oil tankers in Strait of Hormuz, one sailor killed ASEAN envoy meets Myanmar opposition groups in Thailand Houthis fire missiles at Saudi Arabia, breaking years of calm China detains US seismologist who has studied North Korean nuclear tests Israeli strikes kill two people in Gaza, including a 10-year-old, medics say EXCLUSIVE Australia's teen social media ban fails to clear first hurdle in age checks, says study US to block citizens in Congo from immediate travel home, citing Ebola Rebels in Congo see Ebola as chance to show governing credentials Gunmen kill at least 18 people in Nigeria's Benue state, residents say South African state asset manager's CEO suspended after whistleblower report South African rand wobbly ahead of local mining data, US inflation print A hidden pipeline brings Amazon and Walmart to African shoppers Congo's Ebola outbreak spreads to two more provinces World stocks dip as oil rises after Trump's Hormuz levy threat Oil hits four-week high as US-Iran conflict escalates Dollar dips ahead of US inflation data, supported by rate outlook Brazil's top court bars Senator Flavio Bolsonaro from visiting father until vote Explainer: Venezuela's complex and contested debt puzzle Traffic accident in Mexico leaves 9 dead and 10 injured, four of them Americans EXCLUSIVE Canada regulator cited Anthropic's Claude Mythos in warning to banks on cyber risks, email shows Argentina's YPF Electric Energy reveals revenue jump in US IPO filing Venezuela's Rodriguez taps Washington envoy for new foreign ministry post Trump officials turn over withheld evidence in immigration agents' killings of Renee Good, Alex Pretti Brazil's economy forecast to grow moderately after October presidential vote El Salvador president's party nominates Bukele to seek third term More than 260,000 evacuated as Typhoon Bavi brings severe floods Indian activist urged to give up hunger strike over exam leaks China purges third Politburo member in deepening anti-graft drive China does not seek 'sphere of influence' in ties with Pacific island nations, foreign minister says Malaysia says it is investigating tech commune run by ex-Coinbase executive Samsung Electronics denies report that it is exploring US listing BHP workers to proceed with strike after talks fail, union says Bangkok governor vows tighter regulations as pub fire death toll rises to 30 China tells some banks not to re-discount bills at rates below 0.5%, sources say China urges Europe to stop backing 'illegal' South China Sea ruling to avoid harming ties China's ICBC seeks return of four 737 MAX jets leased to SpiceJet, documents show China smartphone shipments fall for fifth straight quarter as costs rise - IDC Chip toolmaker ASML expected to shine light on capacity and China challenges BMW races to catch up in a Chinese EV market that won't slow down Morning Bid: Fed in the spotlight as Warsh faces Congress France showcases 500 pro-Ukraine troops at Bastille Day Eight years on, Italy's Genoa bridge collapse trial nears first verdict Ukraine and allies set up coalition to tackle Russia ballistic missile threat Schools become battleground as Germany's far-right AfD eyes regional election Ahead of likely exit, UK's Reeves defends record and stresses stability Hungary parliament passes law to oust president in Magyar's power shake-up Britain to close loophole blocking deportation of grooming gang ringleader India protests to Iran over killing of seafarer in Hormuz India antitrust body finds HP rigged bids on government procurement platform India wholesale prices rise 9.87% year-on-year in June Citi, others dial back India rate hike calls as inflation expected to stay moderate India to ban import of goods made using forced labour Indian shares decline as Middle East conflict raises inflation worries India's net direct tax collections rise over 16% y/y in April-July India's LTM expects AI revenue to outpace traditional services, CEO says Trump says the US will take out Pickaxe Mountain in Iran Americans expect prolonged US-Iran war as ceasefire falters, Reuters/Ipsos poll finds Why has the Iran-US ceasefire memorandum frayed? Tankers come under attack in Strait of Hormuz Oil traders call Trump's Hormuz bluff at their peril US says it has completed its latest wave of strikes on Iran Trump says he wants US reimbursed by countries for protecting Strait of Hormuz UK bans support for two Iranian groups over antisemitic attacks in Britain Oil up 9% to one-month high as US  says it will blockade entire Iranian coastline, all vessels Trump sends Congress formal notice that Iran conflict has resumed Trump says US attacking Iran capabilities related to Strait of Hormuz Lawmakers demand Pentagon release findings from probe of Iran school strike US to begin enforcing maritime blockade on Iran on Tuesday UN shipping agency opposes fees for any strait, after Trump plans Hormuz charge Iranian-born engineer convicted in US of exporting technology to Iran Small boats approach tanker off Yemen's Aden, UKMTO says DP World plans UAE east coast port to bypass Strait of Hormuz, FT reports Trump: Iran blockade reinstated, US to charge 20% on Strait of Hormuz cargo Rescuers search for crew member after container ship attack in Strait of Hormuz Hormuz traffic slows to two-month low as renewed US, Iran strikes raise safety risk Iran says it has closed the Strait of Hormuz UN official says Hamas obstructing aid in Gaza Shipping group Maersk resumes another service through Red Sea EU and partners launch $1 billion scheme to help Gaza recover from war Japan to clarify central bank independence in final economic blueprint, media says SoftBank's Son says AI will need $5 trillion per year by 2040, dismisses bubble talk Japan pension pivot seen as a slow burn, not a bond market fire sale Japan has no plans to overhaul pension funds' asset allocation, sources say Japan to push its massive pension fund to boost alternative investments, Nikkei says Most Gulf markets fall on US-Iran hostilities Russia prepares to reroute grain exports from Sea of Azov after Ukrainian attacks Ukraine awaits new government after prime minister's shock dismissal Shipping still restricted in Russia's key Azov Sea grains trade route, sources say Government change will not impact Ukraine's EU integration, deputy PM says Peace in Ukraine unlikely to be reached soon, Polish PM says Russia says it seizes Western-made, AI-powered drones prepared for attacks in Urals, Far East Germany funds 50,000 strike drones for Ukraine, source says Ukrainian PM Svyrydenko has submitted resignation, parliament speaker says Ukraine to produce French missiles, orders war planes, Macron says Russian missiles strike Kyiv, but no casualties, Ukrainian officials say UK agrees deal to join EU Ukraine Support Loan scheme Central Asia feels the pinch of Russia's fuel crunch EU imposes sanctions on Russians over human rights and cybercrime Russian anti-war politician Nadezhdin released after detention, faces court on Friday Zelenskiy dismisses Prime Minister Svyrydenko after only a year France set to summon Russian ambassador to Paris over alleged cyberattack campaign Russia says it struck Ukraine's Chornomorsk port, causing damage Slash power taxes, UK employers and energy sector urge new PM Britons buy clothes, fans and booze amid the World Cup heat ICC prosecutor Khan loses appeal to lift suspension  by British lawyers' regulator Sacked McCullum apologises for England's test results UK targets Russian cyber networks with new sanctions UK counter-terrorism police take over investigation into murder of former minister Widdecombe UK police arrest 12 after "extreme right-wing" threat at Islamic event India beat England in historic first women's test at Lord's ICE agent fatally shoots driver in Maine, six days after similar death in Texas Trump slashes the size of two Utah national monuments Trump clean energy policies linked to $83 billion in delayed or canceled projects South Carolina governor names Graham's sister as temporary Senate replacement Trump invested crypto gains in stocks and bonds, filings show California-led states sue to block Paramount’s $110 billion Warner Bros Discovery deal US government rescinds $10 billion freeze for 5 states governed by Democrats US consumer inflation likely increased at a slow pace in June as gasoline prices retreated Wall St futures mixed ahead of CPI, bank earnings; US-Iran tensions in focus Google probed by Swiss regulator over Android default search feature BMW to recall over 29,000 US vehicles over fire risk L3Harris gets $955 million US contract to supply 18 satellites for Golden Dome missile shield Riyadh Air studies orders for 25-30 Boeing 787s and more Airbus, sources say Pentagon invests $25 million into rare earths startup ReElement Technologies European regulator appoints technical advisor to probe Ryanair window incident Western leaders agree anti-ballistic missile coalition with Ukraine Volkswagen CEO flags 50,000 extra job cuts to staff as costs squeezed California offering $3,500 EV rebates to first-time buyers NHTSA receives complaint related to some Honda minivan air bags China's exports ride AI boom as domestic economy struggles Subaru to recall over 541,000 US vehicles over incorrect label Stellantis vehicle shipments rise 10% in the second quarter, led by North America Ford, Unifor reach tentative deal on labor contract Kyrgyzstan bans fuel exports indefinitely amid Russian supply fears BP flags boost from oil prices, refining margins as net debt falls China's June oil imports hit near 10-year low amid Iran war Crude stocks in US strategic reserve fall 3 million barrels to lowest level since 1983 OPEC further lowers 2026 global oil demand growth forecast Spain identifies nine victims of deadly wildfire Europe recorded 10,000 excess deaths during June heatwave New Zealand study finds nitrates in drinking water may cause 120 premature births a year Development banks' climate funding hits record, but World Bank pullback looms EU adds some palm oil products to deforestation law, removes leather Heavy floods submerge roads, vehicles in northern China Extreme heat threatens Italy's Parmesan heartland ECB picks 36 payment firms for digital euro pilot Explainer: Europe's digital euro: What it is and how it would work U.S. bank regulators warn firms on lending to undocumented workers JPMorgan's Dimon questioned on whether he lobbied UK government on Epstein's advice AstraZeneca to license lung cancer drug from China's Dizal Pharmaceutical Michigan cases of intestinal disease from parasite soar to over 2,600 US appeals court revives hundreds of private lawsuits linking Tylenol to autism Oxford begins first human trial of Bundibugyo Ebola vaccine US FDA urges infant-formula makers to tighten supplier oversight after product recalls, botulism outbreaks FDA approves at-home starter dose of Eisai-Biogen Alzheimer's drug Explainer: What to know about the US outbreak of intestinal illness cyclosporiasis US creates task force to prosecute leaks to news media, Hegseth says Australia finds serious gaps in Big Tech response to online child sexual abuse US states tap private law firm Milbank to fight Paramount-Warner Bros deal Former delivery driver books final Open spot but faces accommodation scramble Shein executive chairman to pass the baton as IPO nears completion SpaceX clears Starship mishap probe before next test flight this week Global smartphone shipments in second quarter hit lowest in 13 years on memory chip crunch UK retailer Debenhams sees sustained growth as marketplace shift pays off Watches of Switzerland sees robust US demand, signs of UK recovery Jack Daniel's maker Brown-Forman CEO Lawson Whiting to retire Nippon Paint offers $8.6 billion for AkzoNobel decorative paints unit EXCLUSIVE Watches of Switzerland held talks over potential takeover offers, sources say GSK's Jemperli meets main goal in mid-stage rectal cancer trial Thomson Reuters to cut 'small number' of engineering jobs Air Canada reaches new tentative agreement with IAMAW union SK Hynix plunges after Nasdaq debut as memory chip euphoria cools South Korea central bank to raise rates for first time in over three years on July 16 EU approves €659 million in German aid for four chip plants India draws nearly $10 billion under RBI's deposit drive to support rupee, sources say Indonesian activists file judicial review request over Danantara bonds' immunity clause China memory chipmaker CXMT sets July 27 listing for Asia's biggest IPO of 2026, sources say India's HCLTech slides as unchanged outlook signals demand uncertainty Major power line for New York City trips offline for second time in July Canada's Oil Sands Alliance reaches agreement to advance Pathways Carbon Capture and Storage Project Spot Mideast crude prices strengthen after Iran attacks UAE tankers European shares slip as Middle East tensions spook investors Why NATO should ask Ukraine for help Resumption of hostilities in Middle East underlines instability, says BoE Governor Bailey Global investors turn most bullish since February, BofA survey shows Rupee may drift towards 96 on twin drag from oil and U.S. yields China's June dollar-denominated exports jump 27% y/y, imports up 36% New bids from Fairfax and Emirates revive stalled IDBI Bank sale, say sources Vault and Genesis agree to merge and create $8.71 billion Australian gold producer India's Aditya Birla Renewables to buy Sprng Energy from Shell Ferguson to buy FloWorks from Wynnchurch Capital for $1.6 billion Canada's Greenfire Resources to buy Connacher for about $900 million Mylan to sell up to $363 million stake in India's Biocon, term sheet shows Pipeline operator Williams draws $5.34 billion from Blackstone-led group for power push German retailers warn of worsening business conditions as costs rise German wholesale prices rise 4.9% in June US' NATO shift negative for Europe's sovereign ratings - Moody's UK's Ashmore tops inflow estimates on resilient emerging market asset demand Inside South Korea's world-beating bear market Lawsuit accuses BlackRock of overcharging mutual fund investors SBI Funds IPO anchor book attracts Singapore, Abu Dhabi wealth funds Quadria-backed India's Maxivision hires IPO bankers, sources say Strategy bitcoin sales shine light on faltering crypto hoarding companies Meta expands Louisiana data center to 5 gigawatts, investment crosses $50 billion Trend funds propped up by gold and silver in June, Societe Generale says UK two-year gilt yield hits 1-month high as Iran and US clash Bangladesh says IMF agrees phased approach to reforms under new programme Mapping the Market: Metals and mining shares may be perking up Global pension funds pull back on FX hedges as dollar woes ease Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop South Korean court suspends FTC designation Coupang founder Kim Bom as controlling entity New York becomes the first state to impose a data center moratorium US judge approves settlement with Keller's Bouchon Las Vegas of EEOC sexual harassment case Shutterstock CEO Hennessy steps down weeks after failed Getty deal Fed's Waller says rate hike may be needed if core inflation stays hot Brazil coffee faces El Niño headwinds, but crops more resilient El Niño may test Latin America markets, with Colombia most exposed, UBS says Low water hampers Rhine river shipping in Germany, transport costs rise Inside one Havana apartment building as Cuba went dark Mid-year check-up on the US power system's vital signs US judge finds Trump misused court in IRS case Jackson Walker settlements get initial court backing after judge scandal Walmart must face gay ex-worker's harassment claim, US court rules Lawyer rebuked for misusing AI again in Roc Nation lawsuit US appeals court revives Teva lawsuit over Lilly osteoporosis drug Goldman lawyer Ruemmler to be questioned by House panel on Epstein ties Trump administration launches effort to isolate International Criminal Court US schools, research advocates urge withdrawal of proposed rule on federal grants Albertsons accused of overworking pharmacists, fueling opioid crisis as Washington state trial begins US appeals court overturns Clearview AI settlement KKR joins US consortium to buy Australia's Steadfast in $5.3 billion deal Pesticide makers stack wins against US environmental, public health groups China blunted Iran war oil shock, but can it do the same for fuels? Morning Bid: Crude up, chips down Cheap drones turn energy into the global economy's weak spot Asia's LNG imports recover, drawing cargoes from needy Europe Pentagon pauses cyber audit rule blamed for supplier exits Nvidia halves Asia buyer list in China chip crackdown, FT reports TSMC seen riding AI boom to fifth straight quarter of record profit South Korea forecasts 2026 economic growth at 5-year high on AI chip boom India's HCLTech results beat on financial services boost; enters data center business Intel announces $5.7 billion AI-driven capital investment in Ireland Nobel laureates among more than 200 experts urging action on AI's economic impact Europe's Helsing raises $1.8 billion, valuing defence group at $18 billion SK Hynix set to benefit as South Korea's ruling party seeks to ease capital-raising rules Asian tech firms seeking to follow SK Hynix may find foreign investors more selective TSMC posts record revenue in second quarter on AI demand South Korean singles look for their dream match at Buddhist temple retreat Fashion designer Olivier Rousteing joins Rabanne 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.