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Articles in this issue: Iran warns Strait of Hormuz is a 'red line' and will resist until the end Vance says some in Israeli government sought to sway US on Iran deal Protests over ousted Ukraine defence chief cloud government vote Fewer vessels travel through Hormuz after US resumes blockade Russian regions report deaths, injuries after another night of Ukrainian drone attacks Trump hails release of US citizen held in Iran as 'goodwill' gesture UK's Burnham takes small-town regeneration to the national stage as PM More than 500 feared dead after boats carrying refugees sink off Myanmar, UN says China says Papua New Guinea has closed Taiwan's office in the country Fire at Algeria orphanage kills 11, injures 19 near capital US says it is blocking Americans in DR Congo from immediate travel home, citing Ebola US quarantine order for Americans returning from Congo will hurt Ebola response, aid group says Zambia hopes to agree new IMF programme by year-end, finance minister says Uganda to discharge last Ebola patient South African rand under pressure as investors monitor latest U.S. strikes on Iran Chipmakers weigh on stocks, oil edges higher Dollar at one-month low as cooling inflation offsets oil price risks Oil eases as traders weigh US-Iran conflict risks Moroccan rapper El Mahdi Lyoubi held in pre-trial detention, rights group says Sheinbaum rejects DEA comments of "deadly connection" between her government and cartels Fujimori's mining push could spur unrest in Peru, study says Canada will become observer to advanced fighter project, says source Death toll from Venezuela quakes rises to 4,829, government says EU provides extra €20 million in aid for Venezuela after earthquake US launches new round of tariffs with 25% tax on most Brazil imports Csquare IPO raises $1.05 billion as investors bet on AI boom Brazil's Lula gains ground on Flavio Bolsonaro ahead of presidential vote, poll shows Cuba's national electric grid collapses for the third time in July Brazil government now expects 2026 inflation to be above central bank's target Hong Kong police arrest five over 'seditious' books Czech citizen detained in China faces espionage investigation Explainer: What are leveraged ETFs and how are they driving the AI rally? Chinese banks set for $41 million payday from chipmaker's $8.6 billion IPO Australia to boost scrutiny of Big Four accounting firms after wave of scandals Hyundai Motor Group to own Boston Dynamics in full with SoftBank stake buy Rights groups urge Thailand not to deport Chinese journalist to China UK regulator to probe TikTok on child safety measures Britain nationalises British Steel to protect domestic steelmaking China's rare earth curbs endanger $6.5 trillion of Western industry, IEA says Syngenta's $5 billion HK IPO pushed back amid agriculture sector uncertainty, Bloomberg News reports Morning Bid: This AI, it will make a profit, right? German far-right activist transferred to men's prison in transgender case Italy's parliament backs Meloni's contested electoral reform Judges in Italy's Genoa to rule in 2018 bridge collapse trial Russia and Ukraine strike vessels in Black Sea, wheat prices jump Poland charges Ukrainian with vandalising war memorials to stir ethnic tensions EU's top court upholds Spain's amnesty law for Catalan separatists Russian missiles strike Kyiv districts, killing two, officials say New Delhi tells shipowners not to deploy Indian seafarers on Hormuz routes India customs becomes second agency to fight Adani over nicotine pouches Indian court asks authorities to intervene if fasting activist's condition worsens India identifies $51 bln in critical imports for domestic manufacturing push, sources say Files relating to India’s largest nuclear power plant Kudankulam exposed in data breach Indian shares inch higher as IT rebounds India's ICICI Lombard tumbles on fears earnings pressure will persist India's NSE gets nod to launch derivatives on Nifty India FPI 150 index Elevated NDF points, options market signal growing bearish bias for rupee India's SP Group raises $650 million via debut dollar debt sale, sources say US strikes on Iran strengthen Trump's options for new escalation, officials say US military says it completed latest strikes on Iran, targets included Bandar Abbas US attacks Iran's coastal defenses and missile sites China’s oil fortress will reshape the global order US House defeats bid to cut off Israel aid in vote dividing Democrats Some ships refusing US-military guided Hormuz transits after attacks, sources say What is Pickaxe Mountain, the Iranian nuclear-linked site threatened by Trump? In occupied zone of Lebanon, Israeli military veterans see shadow of past wars US Senate Democrats block $1.15 trillion defense bill over Iran war objections Iran summons British envoy over IRGC designation Lebanon, Israel conclude US-brokered talks on 'pilot zones' in Rome Why Iranian, Houthi threats to Red Sea shipping matter more for oil now Iran-linked vessels pass through Hormuz ahead of US blockade US supporting efforts to revive Iraq-Syria crude oil pipeline, US official says US says it has begun new wave of strikes on Iran Japan refiners to diversify crude sources, explore support for Hormuz bypass routes Japan to receive first Mexican crude cargo since start of Iran war Briton jailed in Iran given additional two-year sentence, family says Explainer: Who are the Houthis, Iran’s allies in Yemen? Indian missing after attack on ship off Oman coast is dead, family says China turns to electric taxis to soften Hormuz oil shock Morocco signs agreement to join Gaza international force, state media say Israel kills four people in Gaza, including a child, medics say Japan household inflation expectations rise, build case for BOJ rate hikes Nvidia partners with Japan robotics firms on AI development BOJ may face pressure to ramp up bond-buying if yields spike, ex-central bank policymaker says Nearly half of Japanese firms hurt by BOJ interest rate hikes Japan PM Takaichi says draft economic blueprint not cause of bond market rout Keeping cool, Tokyo style: Shorts, sneakers and no ties Kuroda's negative rate surprise shocked his own BOJ board, minutes show Most Gulf markets subdued amid renewed US strikes on Iran Syria foils attempt to smuggle weapons to Hezbollah from Iraq, state news agency says Who is Ukraine's Mykhailo Fedorov, the dismissed defence minister? Ukraine's Zelenskiy endorses energy boss as PM, will change his defence minister, lawmakers say Russia says Ukrainian drone kills chief engineer at Zaporizhzhia nuclear plant Zelenskiy to propose Interior Minister Klymenko as Ukraine's new defence minister, lawmakers say EU, Ukraine seal 'drone deal' to boost production, establish joint ventures Concerns grow about tariffs in US sanctions bill on Russia Russia seeks more gasoline from India after Ukraine attacks refineries, sources say Ukraine's Black Sea ports lose a third of grain export capacity, farmers' union says EU envoys fail to agree on 21st package of sanctions against Russia, says EU diplomat Russia says foreign troops sent to Ukraine after a peace deal would be legitimate targets Ukraine says it will protect ports to maintain export volumes after attacks Russian government prioritises fuel for vehicles servicing food retail chains Russian strike on Ukraine's Odesa kills three as Moscow, Kyiv battle over Black Sea US Russia sanctions bill eases threat of tariffs on China and India Major Russian petrochemical plant halted on July 14 after drone attack, sources say UK economy claws back some growth as Burnham prepares to take power UK's Thames Water draws down final part of debt lifeline Sterling hovers around two-month high as fiscal concerns ease England's bid to hang on blown apart by Argentina masterclass UK recruiter PageGroup to rebrand as Michael Page Britain's Ocado shares hit 13-year low on lack of progress on winning new US partners New UK PM faces $440 billion fiscal problem, think tank says Flash flood emergency strikes Texas year after Camp Mystic disaster Detainees at ICE facility in Texas were beaten and abused, rights groups say Trump reverses suspension of ICE traffic stops after fatal shootings Trump administration puts up new panels on slavery at George Washington's Philadelphia home Ex-Federal Reserve adviser sentenced to prison for lying about China ties Blanche says he's not a 'yes man' as he faces criticism over Trump loyalty As Fed Chair Warsh sticks to policy silence, colleagues voice their views US House panel unveils $95 billion plan to fund defense, parts of Trump's voter ID bill Reporter subpoenas part of 'security' operation, Trump spy nominee says Wall St futures pause after two-day rally as investors await data, earnings Space startup funding holds near record highs as SpaceX IPO draws new investors SpaceX selloff an ominous sign as lockup expiry looms TSMC to invest another $100 billion in US as second-quarter profit blows past forecasts Uber launches $14.8 billion offer for Delivery Hero to create global platform Seven & i near deal to invest in Poland's Zabka, Nikkei says UK financial watchdog fines PwC $4.4 million over Babcock audit Iran war leaves crisis-weary European airlines ready for a shakeout Airbus picks Iliad's Scaleway for AI, defence work in sovereignty push Airbus in talks to sell jets to Flynas, sources say BMW races to catch up in a Chinese EV market that won't slow down Busiest US container port sets cargo record in June Airbus, Boeing fly parts on giant Antonov jet to ease supply snags OECD says global minimum tax boosted revenue, not job losses Crude oil loading suspended at all Iraqi terminals after drone incident, sources say TotalEnergies expects higher second-quarter profit on war-related price rally UK's takeover panel extends deadline for DCC takeover offer by KKR, Energy Capital consortium BHP wins higher quarterly iron ore prices, overcoming China's buying curbs ARC shareholders approve $16.4 billion Shell takeover deal Engie Brasil's share offering raises $1.7 billion Chile's Codelco expects flat copper output in coming years, chairman says Greek islands face drought as tourist season hits Earthquake of magnitude 5.9 strikes South Island, New Zealand, GFZ says Canadian wildfire smoke chokes Toronto, threatens US cities Drones, AI and white paint: The race to protect Europe's infrastructure from heat Scientists sail for Greenland to study glacier melt risk Ten countries urge EU to rethink new carbon price on fuel Germany launches water monitor system as Rhine drought hits industry Dimon-led JPMorgan poised to become world's first $1 trillion bank Wall Street banks point to resilient US consumer as loan growth picks up Europe Inc heads into strongest earnings season in years, but AI gap persists Partners Group expects evergreen fund withdrawals to continue after June turmoil Outgoing Trump watchdog faces Democrat fire over handling of consumer agency Goldman counsel Ruemmler says she would have reported Epstein if she knew he abused women Trump CDC nominee sidesteps questions on standing up to Kennedy on vaccines UnitedHealth raises 2026 forecast as it controls medical costs Chinese drugmakers with big ambitions struggle to recruit staff for global expansion French parliament approves landmark assisted-dying bill Hegseth announces testosterone screening for US troops Novo Nordisk wins EU approval for Wegovy weight-loss pill India's Sun Pharma wins South Africa approval to launch generic Ozempic Eli Lilly nears deal to buy psychedelic drugmaker AtaiBeckley, Bloomberg News reports Lionsgate Studios attracts takeover interest from Bollore, Banijay, sources say Writers Guild sues to block Paramount deal, saying it would hurt writers Google loses court fight against $854,250 Italian fine over gambling advertising World Cup's 'Chief Watchers' savour tournament's dream job New York Times seeks to block subpoenas to reporters over Air Force One reporting Burberry shareholders back CEO pay boost, but 37% vote against Fender escalates Stratocaster copyright fight, taking aim at Yamaha Amazon AWS executive and CEO advisor Dave Brown to leave after 19 years UK retailer Dunelm rides the summer wave while DFS feels the big-ticket pinch Cartier-owner Richemont's sales beat boosts luxury sector as jewellery shines Ugandan farmer Mukiibi steers Slow Food beyond its Italian roots Amazon Leo to bring satellite internet to South Africa in 2027 US FDA approves Celcuity's breast cancer drug Pakistan's crypto push clouded by Islamic edict, regulator asks for clarification Japan to recognise cryptocurrency as 'financial assets', NHK says UK to issue first 'digital' bond by early 2027, finance minister says Vietnam plans to raise minimum wage by 7.8% next year South Korea to ban new listings of single-stock leveraged ETFs South Korea toughens regulations on single-stock leveraged ETFs TSMC Q2 profit jumps 77% to record, far surpasses expectations Gold falls as Mideast conflict dims easing inflation hopes China's record consumer defaults undermine Beijing's push to boost spending Thailand approves measures to bolster clean energy markets IEA warns EU methane law could limit bloc's oil supply options PetroChina announces first start-up of ethylene project in Xinjiang German chemicals lobby sees output falling again in 2026 Sweden approves two offshore wind farms, rejects 11 other, ministers say UK's Crest Nicholson sees annual profit at lower end of forecast range Bank of Korea hikes rates for first time in 3-1/2 years, signals more Stripe, Advent offer to buy PayPal for more than $53 billion, sources say Italy's Recordati says board finds CVC, GBL offer 'fair' as independent directors dissent Uber nears €12.5bn deal to acquire Delivery Hero, FT reports Portugal says strategy, not just price, will decide TAP stake buyer Volvo Cars to receive financial support for its Ghent plant Russia's 2026 budget deficit may exceed plans by $12.85 billion due to higher spending BlackRock assets hit record $15 trillion on boost from buoyant markets, ETF inflows Euro zone yields rise, gap between German and US borrowing costs smallest in a month ABB announces biggest ever acquisition with $5.5 billion deal for Rotork Incoming UK budget office head sees higher interest rates and weaker growth than consensus UK's FTSE 100 slips as miners, oil stocks fall US money market funds turn defensive with Fed rate outlook uncertain Wall Street's investment banking machine firing on all cylinders IMF strategy chief calls for price stability, credibility in shock-prone world UK regulator eyes Litani circling Aviva shareholders China's DeepSeek to raise fresh capital at $74 billion valuation ahead of onshore IPO, sources say UK's Workspace may ramp up asset sales amid tussle with top investor Saba European shares slip as investors weigh earnings, Mideast conflict Economic activity rising and inflation easing slightly, Fed survey shows Energy companies stand to gain as Iran war drags on Brazil services activity shrinks 0.4% in May, missing forecasts Wall St ends higher on cool inflation data, strong earnings Top Fed officials embrace cooler inflation reading, clamor for more EU accepts action plan by Elon Musk's X to become more transparent Google urges EU top court to back ruling scrapping $1.7 billion antitrust fine German government plans €13.3 billion energy relief package for 2027 Kering appoints LVMH Fragrance chief Spitzer as new Bottega Veneta CEO Five cloud business groups urge EU interim measures against Broadcom Trafigura backs out of Angola transmission line project sources say Trump administration sued by environmental groups for rescinding definition of 'harm' Energy developer Rezolv to start building EU's largest solar park in Romania this summer Shallow Rhine set to rise after rain in southern Germany, transport costs still up Thames Water's fate hangs on Burnham as cash runs out UK plans default midnight social media curfew for teens aged 16-17 Inpex's Australian LNG workers back pay deal that could set industry standard Europe's next energy shock is drying up in plain sight Turkey's hydro surge helps extend Europe's gas demand slump Musk's xAI sues Grok user over sexualized 'deepfakes' Law firm WilmerHale sued in class action after data breach Trump fires judges' pick for top federal prosecutor in Seattle Trump's nominee for key US labor board post cleared by Senate panel Medtronic faces first trial in US hernia mesh injury cases Trump's ICC order violates free speech, advocacy groups say in lawsuit Appeals court ends US oversight of Louisiana school system related to desegregation mandate US judge blocks Trump administration's visa limits for social media researchers 2nd Florida judge who ruled for Trump in Pulitzer case confirmed to federal bench 'Certified,' not elected - Trump spy nominee Clayton won't say Biden won in 2020 US Senate undecided on bill to make daylight saving time permanent Trump prosecutor Jack Smith reviewed texts from 44 US lawmakers, Republican senators say US Justice Dept says it cannot provide unredacted Epstein files for New Mexico probe Italy's Angelini Pharma completes $4.1 billion state-backed takeover of Catalyst State bar, FTC back Ohio proposal to limit ABA role in lawyer admissions Kirkland & Ellis trial win, $17 million fee award wiped out in computer chip trade secrets appeal California settles lawsuit against testing vendor over glitch-ridden bar exam Sanofi sues Pfizer, Moderna over COVID shot technology Syngenta sues BASF for infringing US herbicide patent UK watchdog clears eBay's planned acquisition of Depop from Etsy Trump administration asks US Supreme Court to overturn ruling favoring Venezuelans' protections Fed flip-flops make case for less talk Trading Day: Price pressures keep coolin' US inflation surprise offers Warsh only brief relief Morning Bid: Melting core So you want to build your own metals smelter? China's latest 'shock', German auto pain and the euro/yuan pressure cooker AI uncertainty is rising. So is investor conviction China's Xi to outline AI diplomacy vision at key Shanghai forum Publicis raises growth target as AI-driven marketing demand stays strong Where authorities are restricting data centres amid AI boom Data center firm Switch taps banks for IPO that could value it up to $80 billion New York becomes the first state to impose a data center moratorium JPMorgan CEO Dimon says Anthropic's Mythos AI risks are a 'real issue' Alleged Russian cyber spy in Boston case previously worked for Kaspersky US to launch AI and cybersecurity coordination group, White House says Pentagon pauses cyber audit rule blamed for supplier exits Chile’s Rubin Observatory begins decade-long mission to film the universe AI startup Thinking Machines launches an open-weight AI model Apple chasing AI chip company deals, The Information reports The US army veteran and the mystery Boeings flying Sudan’s war routes Will Ferrell reunites with longtime collaborators for Netflix golf comedy ‘The Hawk’ 'Heartstopper Forever' cast bids 'bittersweet' farewell to Netflix franchise 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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