U.S. government involvement in Intel, escalating trade tensions leading to tariffs and rising wholesale prices, and the Federal Reserve's stance on interest rates amidst White House pressure dominate discussions on the American economy and its political intersections.

• Intel shares jump on possible US government investment — Financial Times -
• The U.S. Is Discussing Taking a Stake in Intel — Wall Street Journal -
• Trump’s 100% tariff threat looms over chip sector despite relief for Apple — Financial Times -

• As Trump Pushes International Students Away, Asian Schools Scoop Them Up — The New York Times Business -
• The U.S. Alcohol Industry Is Reeling From Canada’s Booze Boycott — Wall Street Journal -
• Bessent Has Yet to Fully Divest Assets, Raising Concern at Ethics Agency — The New York Times Business -
• US wholesale prices jump 3.3% as Trump trade war hits economy — Financial Times -
• Fed Faces High Bar for Big Cuts Despite White House Pressure — The New York Times Business -
• The Auctioneer and the Treasury Chief: Billy Long’s Quick Fall at the I.R.S. — The New York Times Business -
• Trump’s Tariffs Set to Hit Ireland, Where Drugmakers Play Tax Games — The New York Times Business -
• Trump’s Pay-for-Play Chips Deal May not Be the Last — The New York Times Business -
• Rating and slating all the Fed chair candidates — Financial Times -
• US Treasury secretary Bessent says Japan is ‘behind the curve’ on rates — Financial Times -
• Tariffs are not biting in this US city where shoppers are still ‘blowing money’ — Financial Times -
• Trump Order Seeks to Cut Regulations for Space Industry — Wall Street Journal -

Delays in AI model releases due to Chinese chip issues, the increasing electricity demands of AI data centers impacting consumer bills, and significant funding rounds for AI companies highlight the rapidly evolving technology landscape and its substantial investments.

• FirstFT: DeepSeek’s next AI model delayed by tech issues with Chinese chips — Financial Times -
• Big Tech’s A.I. Data Centers Are Driving Up Electricity Bills for Everyone — The New York Times Business -
• Cohere raises $500mn as it challenges OpenAI for business clients — Financial Times -

• AI boom helps Apple supplier Foxconn earn more from servers than smartphones — Financial Times -
• The moneymen funding Big Tech’s AI dreams — Financial Times -
• ‘Absolutely immense’: the companies on the hook for the $3tn AI building boom — Financial Times -

Major international energy deals like BlackRock's Saudi gas investment, strategic divestitures and financial challenges for various companies, and shifts in investor sentiment and Opec's market strategy are shaping the global economic narrative.

• Buffett’s Berkshire offloaded Apple shares again in second quarter — Financial Times -
• BlackRock strikes $11bn Saudi Arabian natural gas deal — Financial Times -
• Uncle Nearest Whiskey Is in a Fiscal Bind — The New York Times Business -

• Big Pharma is falling out of love with Britain — Financial Times -
• Student digs merger gets a pass mark — Financial Times -
• Why investors are losing their appetite for salad bowl chains — Financial Times -
• Scottish salmon exports surge on demand from US and China — Financial Times -
• Gatwick growth held back because it is already ‘very full’, says airport boss — Financial Times -
• Aon sued for alleged fraud linked to credit insurance for start-ups — Financial Times -
• EG Group to sell Australian business for £530mn in debt-reduction drive — Financial Times -
• Opec oil ‘price war’ will halt shale boom, say US producers — Financial Times -
• Aviva’s Profit Jump Boosts Shares to Near 18-Year High — Wall Street Journal -
• The Chocolate Company Where Prices Change Every Three Months — Wall Street Journal -
• Swiss Re Backs Guidance After Profit Beats Views — Wall Street Journal -
• The bond market stand-off — Financial Times -
• French borrowing costs close in on Italy’s as investors fret over debts — Financial Times -
• Opec pops US shale’s balloon — Financial Times -
• U.S. Steel Explosion Presents Challenge to Nippon’s Investment Plans — Wall Street Journal -

Diplomatic efforts for peace in Ukraine and the Caucasus, ongoing geopolitical tensions in the Middle East, and shifts in alliances impacting global power dynamics underscore complex international relationships and regional security concerns.

• Far-right Israeli minister vows settlement push to ‘bury’ Palestinian state — Financial Times -
• Putin hails Trump’s ‘energetic and sincere’ efforts to end Ukraine war — Financial Times -
• Trump could transform Caucasus with Armenia-Azerbaijan peace — Financial Times -

• Syrian sectarian violence may have included war crimes, says UN — Financial Times -
• Trump allays some European fears ahead of summit with Putin — Financial Times -
• Japan’s pacifist self-image is under attack from realpolitik — Financial Times -
• Zelenskyy faces his ‘moment of maximum pressure’ — Financial Times -
• What next for India as Trump-Modi friendship sours? — Financial Times -

Slower economic growth and concerns over inflation, debates around public finance, business rates, and taxation, and developments in the education sector and political landscape mark significant domestic issues for the UK economy and society.

• Westminster forgets that inflation matters — Financial Times -
• Frankly — Nicola Sturgeon’s memoir of Scottish politics vs personal life — Financial Times -
• In charts: UK private schools lose ground to state rivals in A-level results race — Financial Times -

• UK economic growth slows to 0.3% in second quarter — Financial Times -
• UK universities boost domestic intake as maths remains most popular A-level — Financial Times -
• A boring answer to the UK meal deal VAT question — Financial Times -
• Tax data allays fears of non-dom exodus from UK — Financial Times -
• More than 100 big supermarkets at risk of closure from UK business rates rise — Financial Times -

Federal funding cuts impacting public broadcasting, important discussions on accessibility and public health initiatives, and diverse cultural trends from celebrity podcasts to the booming live music business reflect broader societal shifts and public interest stories.

• PBS Slashes Budget by 21% After Federal Funding Cuts — The New York Times Business -
• Wildfires spread dangerously close to southern European capitals — Financial Times -
• A Solution to the C.I.A.’s ‘Kryptos’ Sculpture Goes Up for Auction — The New York Times Business -

• How Train Riders With Disabilities Are Faring on Amtrak — The New York Times Business -
• Taylor Swift Found a New Way to Control Her Narrative: Podcasts — The New York Times Business -
• There’s Money to Be Made From ‘MAHA.’ Food Companies Want In. — The New York Times Business -
• Eli Lilly raises UK price of obesity drug by up to 170% after Trump ‘freeloading’ gripe — Financial Times -
• Has the EU lost its appetite for regulating fashion? — Financial Times -
• The Live Music Business Is Booming. Now Rap Is Getting a Piece, Too. — The New York Times Business -
• Avoidance is an ideological choice by politicians — Financial Times -
• TikTok Shop in Japan and Danang’s hub dreams — Financial Times -
• Fake diploma scandal rattles faith in Turkish state — Financial Times -
• Four BCG staff quit Gaza aid project over early concerns — Financial Times -
• Just 1% of Hiroshima and Nagasaki survivors died from radiation cancers, study finds — Financial Times -
• How dogs replaced children in Italy — Financial Times -
• ‘Only country’ never to play an international football match kicks off today — Financial Times -
• Peru’s Vizcarra becomes fourth former president behind bars — Financial Times -

The passing of influential figures in real estate, design, technology, and media marks the end of significant careers and contributions across various professional and artistic fields.

• Gregory C. O’Connell, Developer Who Revived Red Hook, Dies at 83 — The New York Times Business -
• Mario Paglino, 52, and Gianni Grossi, 54, Die; Designers Made Barbies Into Art — The New York Times Business -
• Morton Meyerson, Who Helped Build Ross Perot’s EDS Into a Powerhouse, Dies at 87 — Wall Street Journal -

• Leonard Tow, Cable TV Magnate and a Major Philanthropist, Dies at 97 — The New York Times Business -