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Articles in this issue: In wildfire-ravaged Spain, farmers revive native sheep and cows to graze on flammable plants Threat of new chokepoint in Iran war Rubio says US committed to helping end Ukraine war after meeting Lavrov Israelis fear Saudi nuclear deal could ignite Mideast arms race Southeast Asia hosts security gathering amid Middle East turmoil How a patchy safety system left Spain wildfire victims to fend for themselves India's Modi promises fast-track courts on exam leaks, protesters want minister to quit In Gaza's tent camps, a cigarette lighter becomes a lifeline More than 10,000 evacuated in southwestern France as wildfire spreads Sweden's far-right leader Akesson brought fringe party to brink of power Congo says more than 1,000 die of Ebola, confirmed cases rise to 2,536 African Rainbow Minerals approves Bokoni platinum project, nickel mine restart Airtel Africa dials up London for mobile money IPO African banks bet on debt guarantees to lure private capital to infrastructure projects Ghanaian nationals ask ICC to probe xenophobic violence in South Africa South African rand steady ahead of key central bank decision Oil price surge reignites inflation worries ahead of ECB meeting Dollar hits fresh 40-year high versus yen, edges down against euro Oil prices rise for a fifth day as US-Iran hostilities threaten supply routes Trump praises Nigeria's efforts against violence towards Christians Pardoned by Trump, Hernandez to return to Honduras and seek dismissal of local charges Mexican journalist shot dead in Oaxaca, marking fourth such killing since June In Peru hungry pelicans signal broader economic risks from El Niño US reaches nuclear power deal with Saudi Arabia US sends first humanitarian flight to Cuba under new aid package Venezuela's Maduro, US Justice Department propose June 2027 trial start Brazil to provide $3.7 billion in credit for firms hit by US tariffs US coffee drinkers could pay more if Trump punishes Nicaragua's election ban US aims for interim trade deals with Canada, Mexico by year-end Vale shareholders elect Oliveira chairman after governance tensions Heavy rain and flooding kills 82 across India, Pakistan and Afghanistan South Korea shifting to ‘peace first’ North Korea policy, retains denuclearisation goal Malaysia asks UNHCR to temporarily cease registration of refugees Five security personnel killed in attack in Thailand's south Vietnam reaffirms trade talks, urges US to conclude trade investigation Hyundai Motor misses Q2 forecast, keeps outlook as it plans new model launches Australia's Origin Energy confirms customer data breach South Koreans turn to tarot to glean their pets' thoughts China's Geely to make electric SUVs at Ford Spain plant, jointly develop model for Europe Founder says DeepSeek prioritises AGI over profit, likely to keep top models open-source, Yicai reports Beijing seeks opinions on planned China-US tariff cuts on $30 billion in trade Chipmaker CXMT debut spotlights China's state-funded path to tech power China urges Britain to provide fair business environment for Chinese firms Renault first-half sales volumes slip on Chinese competition China fires water cannon on Philippine ship at Scarborough Shoal, Manila says Morning Bid: Can markets handle more strait talk? India's solar push idles factories unable to shake reliance on China Sweden's far right party says it won the arguments. Now it wants a share of power Britain's new prime minister reduces business rates for hospitality Crimea brings back public street phones for emergency calls German conservatives to appoint Merz confidant to lead faction after surrogacy row Shipowners halt vessel calls for farm exports at Ukraine's Black Sea ports, minister says EU envoys agree 21st sanctions package against Russia targeting banks French modelling scout linked to Epstein found dead Hungarian chief prosecutor Nagy resigns amid PM Magyar's power shake-up Billionaire Adani weighs airline launch in Indian duopoly market, sources say Indian shares extend drop on oil surge; Dr Reddy's falls on subdued earnings Death toll in Indian tunnel blast rises to 22 Indian drugmaker Dr Reddy's slips on margin, semaglutide supply woes India and Myanmar signal closer rare earth mining ties India's Cipla posts another profit decline, names insider Dinesh Jain CFO India's PVR INOX posts first-quarter profit as moviegoers buy more tickets, spend more on food Iran strikes on CIA facilities prompt questions about possible Russian role Two Chinese supertankers with Saudi oil head to Bab el-Mandeb for Red Sea exit Trump attends return of US soldiers killed in Iran war US House passes $1 trillion defense bill despite Iran, Israel concerns Cutting off Red Sea oil route may be one crisis too many Risk of new chokepoint in Iran war US military completes 12th straight night of strikes on Iran Houthis say they attacked two Saudi tankers; Saudi Arabia says one ablaze in Red Sea Houthi Red Sea threat would challenge a stretched US military War in Iran has cost the US $37.5 billion so far, Pentagon says QatarEnergy prepares to extend force majeure on LNG into mid-October, Bloomberg News reports DP World to build two new terminals on UAE's eastern coast, reducing Hormuz reliance Lebanon, Israel to hold next talks in Italy on August 4, Lebanese official says More ships change course in Red Sea after Houthi threats, data shows Trump: US will attack Iranian bridge, power plant for every ship targeted in Hormuz Explainer: Why is a US-Saudi nuclear pact causing alarm in Washington and the Middle East? Trump to seek Congress approval for Saudi nuclear deal that lacks safeguards EU aviation agency adds Jordan to no-fly warning list as fighting continues Iran executes man over January protests, judiciary's news agency says Iran cuts price of August light crude to Asia Escalating war could slash global growth to 1.3% in 2026, World Bank chief economist says Tankers with Saudi crude turn back as Houthis open new front in US-Iran war Bulgaria approves stationing of US tanker aircraft despite Iran warning Mideast war escalation threatens recovery in global oil refining Iranian official denies two French diplomats were mistreated US military says its latest strikes on Iran have ended, marking 11th successive night of attacks CMA CGM will impose emergency surcharge due to renewed Hormuz tensions Netanyahu will not be arrested in US, Trump says, as New York mayor mulls options Lebanese army enters southern town after Israeli withdrawal, in first test of US-brokered deal US appeals court raises prospect of re-arrest of pro-Palestinian advocate Mahdawi BOJ to raise rates again by December as weak yen revives inflation risks: Reuters poll BOJ on alert to price risks that may lead to faster rate hikes, sources say Robot AI company Noetra is 'last chance' for Japan, CEO says Japan ready to take decisive currency action Japan sizzles in first 'brutally hot' days of the year Japan imports jump to record high on oil price surge, complicating BOJ policy Japan exports in June jump 19.3% year/year Major Gulf markets mixed on US-Iran hostilities; Q2 earnings Buyers to press Qatar, UAE for cheaper, more flexible LNG deals after Hormuz shock Greece to buy €3.5 billion air defence system from Israel, sources say A year in a foxhole: How one Ukrainian soldier survived beneath the front lines Wildberries, 'Russia's Amazon', becomes a target for Ukraine Ukraine gets new top commander as protests spark war's biggest military shake up Who is Mykhailo Drapatyi? Ukraine hits more warehouses of Russia's top online retailer Wildberries Two dead, five injured in Ukrainian attacks on Crimea and southern Russia, authorities say Greece-based Dynagas allowed to carry Russian LNG under new EU sanctions, FT says Zelenskiy speaks to US envoys, discusses weapons Russia bans night vessel movement at Novorossiysk port, industry sources say Russia says it struck Ukrainian ports and ships Maersk suspends service via Chornomorsk Fishing Port amid Russian attacks Ukraine will step up counteroffensive actions, new top commander says From battlefield to bureaucracy, Ukraine's new military chief faces tests EU envoys try to overcome Greek objections for 21st Russia sanctions package Ukraine agrees to export drones to US for Pentagon plan, source says Latvian army uses tear gas, warning shot against migrants from Belarus Venice Biennale to challenge EU funding cut over Russian pavilion row UK's Burnham targets cheaper bus fares in cost-of-living drive UK inflation slows in temporary boost for new PM Burnham British Gas owner Centrica to cut 1,300 jobs, interim profit drops Burnham gains early defence win with Canada fighter jet tie-up UK's Mitchells & Butlers Q3 like-for-like sales hit by heatwave UK's Heathrow logs lower 1H interim profit as tax, Middle East woes weigh UK's FTSE 100 up over 1% as commodity stocks rally; BoE rate path, Mideast tensions in focus UK house prices rose by 2.7% in year to May, ONS data shows UK's BAE enters uncrewed fighter competition with 'Brontanax' Police in Wisconsin shoot man dead; online video of killing sparks protests Trump returns to Georgia with election claims, worrying some Republicans US House advances Trump budget outline, election voting restrictions GEO Group worker charged with assault in shooting of ICE protester in Colorado US Education Department probes five medical schools over admissions practices Shah nominated Democratic candidate in Arizona 1st District US House race, US media projects Too many trucks, too many zeros: Army audit drive exposes flaws as Pentagon nears 2028 goal Private autopsy raises questions about death of Black teen in Mississippi Trump administration seizes on New Jersey voting error to demand noncitizen data Intel, AMD sign long-term server CPU deals with Chinese clients as prices surge Google increases capex forecast again after cloud-driven quarterly beat Paramount secures EU nod for $110 billion Warner Bros deal, US hurdles ahead Musk keeps Tesla-SpaceX merger speculation alive, cites growing overlap AI will not trigger employment collapse, staffing company Adecco Group says Tesla's once-bullish tone on robotaxis shifts Companies race to deliver autonomous uncrewed fighter jets US politicians pitch aviation, space business at Farnborough Airshow Spain's Indra retains 2026 targets on defence boost Thales posts jump in first-half orders on surge in defence spending Southwest Airline lowers 2026 profit floor as fuel costs blunt pricing gains As Musk pivots beyond cars, Tesla’s autos engine is under strain BMW to recall over 318,000 US vehicles over starter motor overheating risk US Senate panel approves bill cracking down on the sale of Chinese vehicles Volkswagen's CARIZON and Horizon Robotics deepen self-driving partnership in China India's Adani Power evaluates nuclear technologies, awaits policy clarity TotalEnergies posts strongest profit in nearly three years as Iran conflict lifts oil prices Kazakhstan's oil output plummets after drone attacks forced exporting terminal closure, sources say OpenAI's Australian data centre drops water recycling plan, testing a drive to curb resource use Sicily's Cyclone Harry tests Italian mandatory insurance plan Spain, France battle wildfires as intense heat grips Southern Europe France records 5,764 excess deaths during June-July heatwaves, health agency reports Former Southern Water CEO charged with fraud for 'manipulating' wastewater testing Panama Canal monitors weather as severe El Niño threat rises Extreme rainfall threatens north as China enters peak flood season Macquarie taps veteran Greg Ward to succeed high-profile CEO Wikramanayake Ambition and caution as Macquarie turns to a safe pair of hands Spain's Bankinter beats profit forecasts, sees stronger lending income Asia's rich swap sponsorships for stakes in sports as dealmaking hits record UniCredit open to concessions in Commerzbank talks BNP Paribas reports 33% jump in profit as equity trading hits record Macquarie investors back 'safe' insider CEO pick to keep bank on course Explainer: What is in the US Senate's landmark crypto bill? Generic drug sector seeks policy fixes after Trump tariff threat AI shortens drug discovery to around 1 year in China, Insilico CEO says Hair loss with GLP-1 drugs is rare, but real, studies find Repligen beefs up cell therapy business with $1.5 billion deal for BioLife US FDA says it is investigating another cyclosporiasis outbreak US judge casts doubt on 69,000 cases alleging J&J talc caused cancer US quarantined citizens at New York military base after return from Congo, sources say Pfizer's prostate cancer drug combination gets US FDA priority review Molina's profit forecast lift overshadowed by Obamacare weakness World Cup final draws record 63 million US viewers Senior Chinese leader Wang Huning tours Tibet, stresses ethnic unity, stability Wham!'s China gamble and legacy revealed in retrospective documentary SpaceX plans Texas data center expansion, The Information reports Amazon cuts jobs in its artificial general intelligence group After tackling discounts in China, Nike still needs to win back shoppers Nestle sheds water stake as it eyes faster growth Widening Ukrainian attacks on Russian online retailer Wildberries shutter another warehouse Jersey Mike’s, Reformation IPOs pose test for US retail listings Diageo teams face up to 30% reductions as CEO 'Drastic Dave' slashes costs Cyclosporiasis outbreak hits Taco Bell sales, unlikely to cause lasting scar, analysts say Nike to tighten online sales in China amid 'fragmented' marketplace Italian unions agree workers' rights deal with Amazon GSK enters lung cancer drug market with early FDA nod for Jideytro Immigrant employment in the EU reaches record high, study shows Porsche supervisory board backs tougher restructuring BNP Paribas Italy in talks with unions over workers' protections in planned overhaul Australia jobs blow past expectations in June, cements bets of another rate rise RTX lifts 2026 forecasts on aircraft repair, defense demand Kuehne+Nagel boss sees no broad return to normal Mideast shipping Malaysia, Hong Kong securities regulators agree to ease dual IPO listings, strengthen collaboration Gold slips 1% as oil rally brings Fed rate hikes into focus South Korea's Q2 GDP beats estimates on chip export boom EDF and Centrica to extend life of two UK nuclear power plants to 2030 Teck Resources tops profit estimates on stronger copper production and prices Discounts on Russian oil evaporate on fresh Middle East crisis Rhine river water falls again, freight vessels sailing part loaded Roche sales fall slightly in Swiss franc terms as currency effects bite Indian central bank likely intervenes as rupee nears record low, traders say Rupee likely shielded by RBI intervention as oil surges Trading Day: $100 oil looms India's central bank sold $6 billion in May to defend oil-hit rupee, data shows Nestle to raise €3 billion from spin off of its water business Ford and Geely strike deal for EV production at Spanish plant, newspaper reports Samos rivals Genel Energy with $359 million bid for UK's Capricorn Boeing versus Airbus as aircraft orders top 300 at Farnborough airshow Portugal to use $875 million from Novo Banco sale to pay down debt UK's Liontrust quarterly net outflows ease as institutional clients add funds French business confidence improves in July despite Middle East conflict, heatwaves Switzerland's Galderma lifts full-year guidance after H1 sales jump Repsol's Q2 profit more than triples on refining strength ECB to pause rate hikes but may signal that more is needed Aston Martin secures $735 million financing led by BlackRock-owned HPS Investment Partners Wellington, Vanguard, Blackstone launch funds targeting wealthy investors Temasek eyes India's IPL cricket league as investor race heats up AI investment boom puts Big Tech's free cash flow under pressure Samsung in talks to invest in Mistral at 20 billion euro valuation, FT reports European shares fall as STMicro results hit tech; Nestle tumbles Czech president vetoes bill easing rules for government borrowing Bolivia nears $2.5-$2.8 billion IMF financing deal, minister says Morning Bid: Alphabetting China's fiscal revenue expands 4.7% in first half A$K Lauren: The little-used retirement move to minimize taxes and boost savings Goldman Sachs creates private markets platform for wealthy clients, memo shows Wall Street indexes dip with technology earnings, rising oil in focus Strong consumer loan demand lifts Banorte quarterly profit Grupo Mexico profit beats estimates on higher copper prices US exchanges to see volume boost, but regulatory stance to take center stage Wall St ends higher on chip stocks recovery; earnings in focus Meta employees' lawsuit shows that if AI fires you, proving it is the hard part US FDIC has disciplined eight for sexual harassment since January 2025 Saipem, Subsea 7 deal may lead to price hikes, EU antitrust regulators warn Dabur India partners with GreenLine to deploy LNG trucks in logistics network EU governments back Italy's Comporti for next head of ESMA Australia's Domino's Pizza considering appeal options after class action court ruling Teen plaintiff suing Meta over mental health harms drops his claims against company days before trial Uber, Lyft win court block on NYC law requiring notice before firing drivers Union urges investors to pressure BP to end US Midwest refinery lockout A look at billionaire Adani's businesses as he weighs starting an airline Climate change exacerbating drought across Europe, scientists say China's new solar installations fall 66% on the year in first half as pricing reform rush unwinds Morocco-Germany $30 billion power cable stalled by governance disagreements, sources say India's Imagicaaworld bets on experience economy with $104 million expansion plan Heavy rains wreak havoc in parts of India, 26 dead in Assam Gang claims responsibility for hack at Coca-Cola's fairlife unit US senator urges Wall Street to reject offer of paid early access to Trump posts Segro shareholder urges engagement with Prologis over $18.1 billion proposal Akzo Nobel beats profit estimates as price rises offset higher raw-material costs New Zealand climate goals at risk as emissions progress stalls, report says UK employer pay awards hold at 3.3%, Brightmine says US states, New York City sue EPA for relaxing climate rule over hydrofluorocarbons Why wildfires pose multiple threats to US power sector Spain's Naturgy expects higher core profit this year after resilient first half Iberdrola reaffirms 2026 outlook after first-half profit soars Europe's electrification dream won't spare a painful decade Equinor profit soars on wartime oil and gas prices US judge sets June 2027 trial date for Venezuela's Maduro American Bar Association says government lawyers must report colleagues' unlawful conduct US court says OSHA can't force companies to track workplace mental health issues Senate confirms Trump pick for 6th Circuit US appeals court DLA Piper seeks to end Palestinian law grad's suit over rescinded job offer Private equity firm Uplift inks MSO deal with Rhode Island law firm Why New York's Mamdani cannot have Israel's Netanyahu arrested New York City mayor taps ex-FTC Chair Khan for key economic post, separately faces suit over rent freeze US judge blocks Trump administration from stripping immigrants of work permits Holland & Knight faces legal malpractice suit from client targeted by state AG lawsuits In landmark Anthropic settlement, judge rejects ‘windfall’ for lawyers White House lawyer confirmed to judgeship after bashing Republican senators Democratic lawmakers press Skadden on Trump agreement, citing work on Intel equity stake sale ChatGPT's advice kept man from seeking medical treatment for dangerous condition, lawsuit claims Bob Mackie settles lawsuits against JCPenney, business partner over apparel line Zelle must face New York attorney general lawsuit over 'rampant' fraud, judge rules Chipmaker Renesas sues rival Navitas for stealing trade secrets News Corp countersues Brave for allegedly 'scraping' articles for AI Poultry firm recalls nearly 1.6 mln dozen eggs over potential salmonella, US FDA says America's 'mass affluence' is bigger than you think India's surging refined product exports ease Asia fuel crisis Japan's policy doom loop sends yen to 40-year low AI has not killed equity diversification: Helen Jewell Three midweek thoughts - jobs, Fed targets and volatility Iran war 'stagflation' premium quietly mounts DOGE alumni launch military cyber startup with $1.4 billion valuation Channel Tunnel operator says EU software issues could delay biometric checks Nokia Q2 profit beat as sales from AI, cloud doubled Pichai pushes back on claims Google is losing ground in AI race Chinese AI's role in stopping rogue OpenAI agent shows cost of US guardrails Marco Rubio tells diplomats to play down talk of American tech 'kill switch' The China-US divide behind the OpenAI hack OpenAI models went rogue during testing Australia's Origin Energy probes potential unauthorised data access Illinois man sentenced for hacking Snapchat accounts to steal nude photos TikTok US chief security officer to testify before US House on September 15 Strange Milky Way planetary system leaves scientists puzzled ServiceNow raises annual subscription revenue forecast again on AI-driven demand IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending Texas Instruments forecasts upbeat revenue on analog chip demand Rome to offer free cinema screenings as refuge from summer heat Hitler's birthplace begins new life as a police station Louvre's Apollo Gallery reopens with no jewelry on display after heist 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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