Trump's trade war and economic policies continue to dominate headlines, with new tariffs threatened against Canada and other nations, raising questions about global commerce rules and market stability amid attacks on the Fed chief and discussions on US economic health.

• As Trump Sows Tariff Confusion, Rules of Global Commerce Give Way to Chaos — The New York Times Business -
• Trump’s immigration agenda follows the trade template — for good and ill — Financial Times -
• Does the US have Dutch disease? — Financial Times -

• Policy or Cudgel? A Trade Economist on Trump’s Hardball Tariffs. — The New York Times Business -
• Are Investors Too Complacent About Tariffs and Rates Uncertainty? — The New York Times Business -
• How the $1,000 ‘Trump Accounts’ for Newborns Will Work — The New York Times Business -
• Trump threatens new tariffs on Canada — Financial Times -
• FirstFT: White House opens new front of attack on Fed chief Jay Powell — Financial Times -
• Sam Altman Is Up, Tim Cook Is Down: Big Tech’s Trump Scorecard — Wall Street Journal -
• The return of ‘tariff man’: the week Trump revived the global trade war — Financial Times -
• How Luggage Maker Eagle Creek Has Survived Trump’s Trade War. So Far. — The New York Times Business -
• The Mystery of Trump’s 25% Tariff Threat on Kazakhstan — The New York Times Business -
• Trump is sowing confusion in the markets — Financial Times -
• Trump Tariff Letters: See the Latest Rates and Countries Affected — The New York Times Business -

Major companies are active with **M&A talks for Free Press and Kraft Heinz considering a breakup, while tech giants like Apple bid for F1 rights and xAI seeks a high valuation, alongside regulatory pressure on DEI initiatives and Amazon's logistics issues**.

• The F.C.C. Is Pressuring Companies to Drop D.E.I. It’s Succeeding, Too. — The New York Times Business -
• Apple Offers as Much as $150 Million for Formula One U.S. Rights — Wall Street Journal -
• ‘They Kept Coming’: Hundreds of Packages Pile Up Outside Woman’s Home — The New York Times Business -

• Kraft Heinz explores potential break-up — Financial Times -
• Skydance in Early Talks to Acquire Bari Weiss’s Free Press — The New York Times Business -
• Kraft Heinz Is Planning a Breakup — Wall Street Journal -
• Musk’s xAI seeks up to $200bn valuation in next fundraising — Financial Times -
• Directors’ Deals: Nelson Peltz cashes in £25mn of Unilever shares — Financial Times -
• Amazon’s annual deal fest is no longer all about the bargains — Financial Times -
• How China’s BYD Is Squeezing Suppliers in the EV Price War — Wall Street Journal -
• Why the Business World Can’t Let Go of Landline Phones — Wall Street Journal -
• Google to agree cloud discount as US government squeezes Big Tech — Financial Times -
• Silicon Valley eyes a governance-lite gold rush — Financial Times -
• Saving a Studio? This Looks Like a Job for Superman! — Wall Street Journal -

The UK focuses on attracting investors with new services, addressing the economic contraction in May, debating wealth taxes, and dealing with the non-dom exodus, while Rachel Reeves plans fiscal reforms and labour ties with unions and migration agreements are debated.

• Chancellor to open ‘front door’ for investors in UK with concierge service — Financial Times -
• Non-dom exodus hits London market for butlers — Financial Times -
• Unite union moves to suspend Rayner and re-examine ties with Labour — Financial Times -

• Starmer-Macron deal on migrant returns valid for just a year, says French official — Financial Times -
• Britain’s damaging flirtation with a wealth tax — Financial Times -
• UK economy unexpectedly contracted 0.1% in May — Financial Times -
• Is North Wales setting a sustainable template for second-home tactics? — Financial Times -
• Channelling a new approach — Financial Times -
• Rachel Reeves looks at reforms aimed at curbing fiscal volatility — Financial Times -

The energy sector faces funding cuts for renewable projects, while oil supply is expected to rise faster than demand, and commodity traders prepare for copper tariff windfalls, alongside discussions on carbon pricing and National Grid's maintenance spending.

• Energy Department to Gut Funding for Solar and Wind Projects — The New York Times Business -
• Basic Materials Roundup: Market Talk — Wall Street Journal -
• Coffee tariffs give caffeine fans grounds for concern — Financial Times -

• The rocky path to global carbon pricing — Financial Times -
• IEA forecasts slowest oil demand growth outside of pandemic since 2009 — Financial Times -
• Global Oil Supply to Rise Faster Than Expected, IEA Says — Wall Street Journal -
• Why copper tariffs are different — Financial Times -
• Commodity traders poised for $300mn windfall from US copper rush — Financial Times -
• National Grid under renewed scrutiny over network maintenance spending — Financial Times -

Investors are seeing a 'buy the dip' trend win again despite stock market melt-up warnings, with India on track for a record IPO year, though women continue to miss out on pension money.

• ‘Buy the Dip’ Wins Again for Stock Investors — The New York Times Business -
• The Danger of a Stock Market Melt-Up — The New York Times Business -
• Women miss out on ‘free pension money’ from salary sacrifice — Financial Times -

• India on track for record IPO year — Financial Times -

Reports confirm fuel cutoff in the Air India crash, while the return of cheap long-haul flights offers a boost to the aviation industry, even as Ford breaks safety recall records and Houthi attacks impact Red Sea shipping.

• Air India Crash Report Confirms Fuel Was Cut Off Before Accident — Wall Street Journal -
• Air India Plane Crash Report Says Fuel to Engines Was Cut Off — The New York Times Business -
• Cargo ship sunk by Houthi militants faces losses after sailing uninsured — Financial Times -

• The Quiet Comeback of Cheap Long-Haul Flights — Wall Street Journal -
• Ford Breaks Annual Record for Safety Recalls Within First Six Months of Year — Wall Street Journal -
• Houthi attacks halt ships’ Red Sea return — Financial Times -

Brussels is planning a new tax on big companies, observing Greece's economic recovery, while concerns rise about preparing markets for a potential Chinese invasion of Taiwan and economic shifts in France and Italy.

• Brussels plans new tax on big companies to boost EU budget — Financial Times -
• The France-Italy spread has flipped — Financial Times -
• US needs to prepare markets for the risk of a Chinese invasion of Taiwan — Financial Times -

• How Greece came back from the brink — Financial Times -