The escalating Iran War is crippling Qatar's gas exports, causing a global oil shock that is driving up prices and fueling a return to coal, while NextEra Energy's potential acquisition of Dominion highlights soaring power demand driven by AI data centers.

• NextEra Energy Said to Be in Talks to Acquire Dominion, Creating a Utility Giant — The New York Times Business -
• FirstFT: Global energy crisis enters a new phase — Financial Times -
• The Iran War Is Crippling One of the World’s Wealthiest Nations — The New York Times Business -

• Opinion | How to Finish the Job in Iran — Wall Street Journal -
• Iran energy crisis enters new phase as peak summer season approaches — Financial Times -
• The looming energy crunch — Financial Times -
• UAE says drone strike caused fire at nuclear plant — Financial Times -
• ‘Nervous energy’: US wind and solar projects at risk as tax credits expire — Financial Times -
• For Trump, Soaring Prices Test Voters’ Finances and Patience — The New York Times Business -
• Gulf freight rates jump as shipping companies turn to trucks to move cargo — Financial Times -
• Coal Makes a Comeback, Fueled by War in the Middle East — Wall Street Journal -
• The Oil Shock Is Causing a $45 Billion Rupture in the Economy — Wall Street Journal -

Asia is poised for an industrial supercycle fueled by AI, with Nvidia in the spotlight and Amazon emerging as a strong AI contender; meanwhile, Chinese AI groups are advancing rapidly in video generation, though concerns about AI chip market volatility and the legacy of computer security pioneers like Peter G. Neumann persist.

• Asia is headed towards an industrial supercycle — Financial Times -
• Peter G. Neumann, Who Warned of Computer Security Risks, Dies at 93 — The New York Times Business -
• Nvidia in the spotlight — Financial Times -

• Donald Trump Jr’s VC firm touts ‘patriotic capitalism’ in investment push — Financial Times -
• How Amazon Went From an AI Also-Ran to a Real Contender — Wall Street Journal -
• Chinese AI groups pull ahead of US rivals in video generation race — Financial Times -
• Chinese data centre spin-off plans dual IPO in Singapore and US — Financial Times -
• AI Chip Mania Sows Seeds of Its Own Destruction — Wall Street Journal -

A new US-China 'board of trade' agreement aims for stability, as UK business investment lags the US and the UK seeks a trade deal with Gulf states, while wealth taxes are driving wealth flight in America and Bain Capital closes a massive Asia fund.

• White House says Trump and Xi agreed on ‘board of trade’ at summit — Financial Times -
• Business investment growth in UK is less than half pace of US — Financial Times -
• UK closes in on trade deal with Gulf states — Financial Times -

• In America, wealth taxes mean wealth flight — Financial Times -
• Bain Capital closes largest Asia fund after raising $10.5bn — Financial Times -
• Record high Japanese yields trigger bets on repatriation — Financial Times -
• EU plan to slash steel imports will hurt Ukraine, officials warn — Financial Times -
• China’s two-wheelers ride EV wave into Europe — Financial Times -

A Labour leadership battle threatens to reignite Brexit debates with calls to rejoin the EU, as Britain faces political fragmentation and local council chaos in Birmingham, while Spain's regional elections see Vox emerge as a kingmaker.

• Vox becomes kingmaker as Sánchez suffers defeat in Spanish regional election — Financial Times -
• Labour leadership battle threatens to reopen Brexit wounds — Financial Times -
• Burnham plays down rejoining EU after Streeting advocates Brexit reversal — Financial Times -

• Britain gets the politics it deserves — Financial Times -
• Streeting says he will battle Burnham for Labour leadership and calls for UK to rejoin EU — Financial Times -
• The disintegration of British democracy — Financial Times -
• Birmingham braces for chaos as multi-party vote leaves council rudderless — Financial Times -
• Europe’s leaders must stop self-censoring — Financial Times -

JD Vance's Railroad Act and a looming Long Island Rail Road strike highlight labor issues, while Trump's influence shapes primary battles in Kentucky and soaring prices test voters' finances, alongside challenges to G.O.P. budget bills.

• Opinion | JD Vance’s Railroad Act — Wall Street Journal -
• Long Island Rail Road Strike: What to Know — Wall Street Journal -
• Trump’s urge for revenge fuels expensive US primary battle in Kentucky — Financial Times -

• Rival Airlines Are Carving Up Spirit’s Routes and Airport Slots — Wall Street Journal -
• Trump’s pick for Republican primary beats senator who voted to impeach him — Financial Times -
• Senate Ruling Threatens Ballroom Funding in G.O.P. Budget Bill — The New York Times Business -

The future of America's military industrial complex is undergoing seismic change, with Arkansas towns boosting missile manufacturing to meet wartime demand, and Ukraine justifying drone strikes on Moscow, all contributing to increased executive curriculum focus on geopolitics.

• This Arkansas Town Is Humming With the Sound of Missile Making — Wall Street Journal -
• The future of America’s military industrial complex — Financial Times -
• Ukraine’s deadly drone strikes on Moscow ‘entirely justified’, says Zelenskyy — Financial Times -

• Global conflict pushes geopolitics up the executive curriculum — Financial Times -

A global health emergency on Ebola has been declared by the WHO, while the booming expedition-cruise business grapples with a hantavirus outbreak, and Straus Family Creamery issues an ice cream recall impacting consumer safety.

• Booming Expedition-Cruise Business Grapples With Fallout From Hantavirus Outbreak — Wall Street Journal -
• Straus Family Creamery Issues Voluntary Ice Cream Recall — The New York Times Business -
• Patagonia shares lessons on what it learned from hantavirus — Financial Times -

• WHO declares global health emergency on Ebola — Financial Times -
• Do You Know How to Behave on a Flight? Take Our Quiz — Wall Street Journal -

Britain faces a mountain of unpaid energy bills, small talk is recognized for its value at work, while the world is awash in bourbon causing problems for distillers, and a frenzy for 'Royal Pop' pocket watches forces Swatch to shut stores.

• How Britain can tackle its mountain of unpaid energy bills — Financial Times -
• The many joys of small talk — Financial Times -
• The World Is Awash in Bourbon. That’s a Problem for Big Booze. — Wall Street Journal -

• Shoppers’ Frenzy for ‘Royal Pop’ Pocket Watches Forces Swatch to Shut Stores — The New York Times Business -