President Trump’s administration features prominently, from new appointments at the BLS like EJ Antoni and deploying the National Guard in Washington to influencing major industries through allowing Nvidia chip sales to China for a fee, softening his stance on Intel's CEO, and curbing wind farm developments leading to Orsted's share offering; additionally, **Trump’s trade war truce with China is extended, while tariffs on gold imports are averted and his policies continue to impact small businesses and provoke discussions on U.S. state capitalism and Europe's relationship with the US administration**.

• Trump names EJ Antoni to head US Bureau of Labor Statistics — Financial Times -
• Trump deploys National Guard in Washington over ‘safety emergency’ — Financial Times -
• Trump Names EJ Antoni New BLS Commissioner — The New York Times Business -

• Trump opens door to Nvidia selling advanced AI chips to China for a fee — Financial Times -
• Trump softens stance on Intel boss after demanding resignation — Financial Times -
• Who is Lip-Bu Tan, the Intel CEO in Trump’s Cross Hairs? — The New York Times Business -
• As Trump Curbs Wind Farms, Orsted Plans $9.4 Billion Share Offering — The New York Times Business -
• FirstFT: Trump to consider allowing Nvidia sales of advanced AI chips to China — Financial Times -
• EU leaders to hold call with Trump ahead of Putin meeting over Ukraine — Financial Times -
• Brazil Clamped Down on Big Tech. Trump’s Tariffs Could Change That. — The New York Times Business -
• Trump extends trade war truce with China — Financial Times -
• Trump says gold imports will not face US tariffs — Financial Times -
• Return of FDA official targeted by Trump allies hits biotech shares — Financial Times -
• How Trump can win in Alaska — Financial Times -
• Trump Crypto Firm Announces $1.5 Billion Digital Coin Deal — The New York Times Business -
• Trump’s export tariff is worth it for Nvidia — Financial Times -
• Nvidia and AMD to pay 15% of China chip sale revenues to US government — Financial Times -
• The U.S. Marches Toward State Capitalism With American Characteristics — Wall Street Journal -
• Europe’s ‘happy vassal’ complex — Financial Times -
• You say ‘redistricting’, I say ‘gerrymandering’ — let’s call the whole thing off — Financial Times -
• Higher Tariffs Loom as U.S.-China Trade Truce Nears Expiration — The New York Times Business -
• China has its own concerns about Nvidia H20 chips — Financial Times -
• What the Nvidia Chip Payoff Deal Says About Trump’s Trade War — The New York Times Business -
• Trump’s tariffs expose weakness of Switzerland’s economic independence — Financial Times -
• Small businesses raise prices as Trump’s tariffs hit Main Street — Financial Times -
• US is planning new sanctions on Brazil, says Jair Bolsonaro’s son — Financial Times -
• America Doesn’t Have an Aluminum Shortage. It’s Just Sitting in Your Garbage. — Wall Street Journal -
• Small Businesses Brace for the Punishing Side Effects of Trump’s Tariffs — The New York Times Business -
• Orsted Shares Tumble After Halting of U.S. Wind Project Sale; $9.4 Billion Rights Issue Proposal — Wall Street Journal -
• Trump urges China to buy more US soyabeans as trade truce deadline looms — Financial Times -
• FirstFT: Europe urges Trump to turn sanctions screw before Putin summit — Financial Times -
• Blue jeans and toxic US politics are a poor fit — Financial Times -
• How Pakistan wooed Trump — and rattled India — Financial Times -
• Trump, Putin and the future of Ukraine — Financial Times -
• Trump tries for a Ukraine peace deal — Financial Times -
• U.S. Government to Take Cut of Nvidia and AMD A.I. Chip Sales to China — The New York Times Business -
• US appetite for Australian beef poised to grow on tariff advantage — Financial Times -

Key corporate and market news includes HSBC's flagging of risky Hong Kong commercial property loans, **Bain Capital considering an IPO for Bob’s Discount Furniture, and Paramount securing a $7.7 billion exclusive deal for UFC rights**; Ford is overhauling its Kentucky plant for cheaper EVs and revising EV plans after losses, while China's automakers are taking a shortcut to European markets and Netflix signs a looser deal with Prince Harry and Meghan Markle, with Rumble shares gaining after a possible Northern Data deal and **South Korea’s Upstage entering the global AI race**.

• HSBC flags 73% of Hong Kong commercial property loans as risky — Financial Times -
• Bain Considers Late 2025 IPO of Bob’s Discount Furniture — Wall Street Journal -
• Ford to spend $2bn overhauling Kentucky plant in push for cheaper EVs — Financial Times -

• Ford’s Answer to Cheap Chinese EVs Starts With a $30,000 Electric Pickup — Wall Street Journal -
• Paramount seals $7.7bn exclusive US rights deal with UFC — Financial Times -
• ‘Weapons’ Gives Warner Bros. Another Outstanding No. 1 Opening — The New York Times Business -
• Skydance’s Paramount Lands UFC Rights in $7.7 Billion Deal — Wall Street Journal -
• China’s Automakers Are Taking a Shortcut to European Markets — The New York Times Business -
• Ford Rejigs E.V. Plans After Suffering Billions in Losses — The New York Times Business -
• Activist Investor to Push Avantor to Make Changes or Sell Itself — Wall Street Journal -
• Netflix Signs New, Looser Deal With Prince Harry and Meghan Markle — The New York Times Business -
• Barrick Mining seeks $3.5bn from US and others for Pakistan copper project — Financial Times -
• Paramount Strikes Seven-Year Deal to Stream UFC Fights — The New York Times Business -
• Investors pile into ‘cheap’ emerging market stocks, BofA survey shows — Financial Times -
• Rumble Shares Gain After Possible Northern Data Deal, Second-Quarter Results — Wall Street Journal -
• Uzbekistan makes the case for frontier markets — Financial Times -
• Rare-Earth Magnet Maker Raises $65 Million in Push to Counter China — Wall Street Journal -
• Lithium producer stocks surge after battery maker CATL suspends Chinese mine — Financial Times -
• Sorrell’s S4 Capital in takeover talks with ad agency MSQ Partners — Financial Times -
• The new widow-maker — Financial Times -
• Manus and Benchmark: The AI deal that upset China and the US — Financial Times -
• Inside Target, Frustrated Employees and Search for New CEO — Wall Street Journal -
• South Korea’s Upstage enters global AI race — Financial Times -

Environmental and energy sector news highlights climate lawyers attempting a new approach in wrongful death lawsuits, jellyfish shutting down a French nuclear power plant, and America's clean hydrogen dreams fading; meanwhile, plastic waste is piling up as alternative materials struggle, Scottish wind farms face curtailment costs, and Big Oil refocuses on exploration while Spain's solar power experiences a meltdown.

• Opinion | Climate Lawyers Try a New Approach — Wall Street Journal -
• Jellyfish Shut Down French Nuclear Power Plant — The New York Times Business -
• America’s Clean Hydrogen Dreams Are Fading Again — The New York Times Business -

• Plastic Waste Is Piling Up, but Alternative Materials Struggle to Get Off the Ground — Wall Street Journal -
• Scottish wind farms paid not to generate nearly 40% of potential electricity — Financial Times -
• Big Oil heeds call to ‘drill, baby, drill’ as green transition slows — Financial Times -
• The story behind Spain’s solar power meltdown — Financial Times -

Global events include Mexico's President Sheinbaum vowing the US army will never set foot in Mexican territory, the killing of an Al Jazeera reporter in Gaza, and Palestine Action protesters unlikely to face prison; the Norwegian oil fund sells out of Israeli firms, Finland charges a Russian 'shadow fleet' ship captain over cable cutting, and migrants choose life in the Arctic.

• US army will ‘never set foot’ in Mexican territory, vows Sheinbaum — Financial Times -
• Israel kills prominent Al Jazeera reporter in Gaza — Financial Times -
• Most Palestine Action protesters unlikely to face prison, officials say — Financial Times -

• Colombian presidential hopeful Miguel Uribe dies two months after being shot — Financial Times -
• Norway oil fund sells out of a fifth of Israeli firms amid fierce criticism — Financial Times -
• Macrons hired investigators to research US influencer Candace Owens — Financial Times -
• The migrants who choose life in the Arctic — Financial Times -
• Finland charges captain of Russian ‘shadow fleet’ ship over cable cutting — Financial Times -
• ‘Like the cold war’: border checks and guards return in German-Polish dispute — Financial Times -
• Europe’s space ambitions at risk over dependence on Nasa, agency warns — Financial Times -

Miscellaneous domestic news features a U.S. Steel plant explosion killing at least one person, AOL ending its dial-up internet service, and **Vice-President Vance’s Cotswolds getaway disturbing rural idyll**; additionally, the ageing workforce is highlighted as central to UK growth ambitions, mismanagement damages UK official data, and there are discussions on job creation and wealth creation beyond America, along with cultural notes on art about swimming and disruption in India's whisky industry.

• U.S. Steel Plant Explosion Kills at Least One Person, Injures 10 — Wall Street Journal -
• AOL Will End Its Dial-Up Internet Service (Yes, It’s Still Operating) — The New York Times Business -
• Vance’s Cotswolds getaway disturbs rural idyll — Financial Times -

• The ageing workforce should be central to UK growth ambitions — Financial Times -
• Mismanagement, not budget cuts, is damaging UK’s official data — Financial Times -
• Job creation: supply vs demand — Financial Times -
• Whitehall procurement rules threaten top graduate schemes, experts warn — Financial Times -
• America doesn’t have a monopoly on wealth creation — Financial Times -
• Art about swimming? It’s the ultimate refresh — Financial Times -
• Disruption looms over India’s whisky industry — Financial Times -
• Current affairs: exploring Rome from the river — Financial Times -