Japan calls for talks with Beijing amidst escalating tensions, the U.S. military is guiding ships through the Strait of Hormuz, and growing U.S. reliance on Chinese biotech raises national security fears, alongside EU concerns over China's industrial base in Morocco and the impact of the Iran war on global energy and jobs.

• FirstFT: Japan’s defence minister calls for talks with Beijing to resolve row — Financial Times -
• U.S. Military Is Quietly Guiding Ships Through the Strait of Hormuz — The New York Times Business -
• Brussels officials head east with tour of Balkan capitals — Financial Times -

• China’s Rise in Drug Development Looms Over U.S. — The New York Times Business -
• Growing US reliance on Chinese biotechs prompts national security fears — Financial Times -
• Israel captures Crusader castle in Lebanon push — Financial Times -
• China’s comparative advantage is industrial policy — Financial Times -
• Is the US jobs market immune to the Iran war? — Financial Times -
• Japan’s Koizumi rejects China accusations of ‘new militarism’ — Financial Times -
• South Africa’s anti-migrant rallies trigger repatriations — Financial Times -
• Sandoz warns cheap Chinese imports threaten Europe’s antibiotic supply — Financial Times -
• Race for rare earths sparks concern about environmental damage — Financial Times -
• EU frets as China builds an industrial base in Morocco — Financial Times -
• Czech leader claims pro-Trump advantage in defence spending miss — Financial Times -
• India’s ‘city of glass’ under pressure as Gulf crisis chokes off energy — Financial Times -

AI is making expertise more effective and influencing market demand forecasts, while being applied to defense interoperability in Ukraine and Iranian military cyber operations, leading Wall Street bulls to bet on AI-linked shares despite bubble fears.

• Opinion | AI Made My Expertise More Effective — Wall Street Journal -
• Opinion | The Hallucinatory AI Math — Wall Street Journal -
• Operation Jailbreak: lessons from Ukraine on making weapons talk to each other — Financial Times -

• Wall Street bulls bet US stocks rally will defy bubble fears — Financial Times -
• How Iran’s military harnesses ChatGPT — Financial Times -

Berkshire Hathaway is making major acquisitions in the home building sector under its new CEO, young moviegoers are driving box office success for films like 'Backrooms', and Airbnb is expanding its offerings while Lotus targets a U.S. comeback and golf gains younger market appeal.

• Berkshire Hathaway to Buy Home Builder Taylor Morrison for $6.8 Billion — Wall Street Journal -
• Young Moviegoers Power ‘Backrooms’ to $82 Million in Ticket Sales — The New York Times Business -
• Berkshire buys homebuilder Taylor Morrison for $8.5bn in Abel’s first big deal — Financial Times -

• ‘Backrooms’ Turns an Online Obsession Into Box-Office Gold — Wall Street Journal -
• A Chinese-Owned British Car Legend Pitches a Complicated U.S. Comeback — Wall Street Journal -
• What Is Airbnb For, Exactly? — The New York Times Business -
• Golf Is Now Cooler and Younger. The Stock Market Has Noticed. — Wall Street Journal -
• China’s activewear boom puts spring in foreign brands’ step — Financial Times -
• The Family Farmers Making More From Clicks Than Crops — Wall Street Journal -

The Fed and BoE signal a steady monetary policy, the S.E.C. proposes to retract a climate change disclosure rule, and the economy faces the 'end of cheap' era, with Maine's lobster industry feeling the pinch of tariffs and fuel prices impacting political races.

• Fed and BoE signal little desire to change monetary policy — Financial Times -
• S.E.C. Proposes to Kill Climate Change Disclosure Rule — The New York Times Business -
• The end of cheap — Financial Times -

• How Maine’s lobster revolt could cost Trump the Senate — Financial Times -

The **aviation industry debates a $50,000 safety fix while electric aircraft are tested for the future of air travel, and Joby demonstrated its air taxi in Manhattan**, though public use is not yet available.

• This $50,000 Safety Fix Is Dividing the Aviation Industry and Washington — Wall Street Journal -
• Is This the Future of Air Travel? — The New York Times Business -
• Joby Demonstrated its Air Taxi in Manhattan, but You Can’t Fly in It Yet — The New York Times Business -

Providence is capitalizing on World Cup proximity, the U.S. beer industry hopes the World Cup boosts sales, and Bill Gates' image is cracking due to Jeffrey Epstein ties, with Jes Staley also facing congressional scrutiny over his own links to Epstein.

• Providence Isn’t an Official World Cup Host, but It Sure Is Acting Like One — The New York Times Business -
• Opinion | Amazon Shopping Is Surreal — Wall Street Journal -
• Dang Van Phuoc Dies at 90; Intrepid Photojournalist in Vietnam War — The New York Times Business -

• Africa’s response to Ebola must be defined by Africa itself — Financial Times -
• Scottish opposition leaders criticise Sturgeon interview — Financial Times -
• England’s treatment of vulnerable children is a scandal — Financial Times -
• Colombia vote to deliver verdict on leftist experiment — Financial Times -
• Can the World Cup Help the U.S. Beer Industry Kick Its Slump? — The New York Times Business -
• There can only be one President Donald Trump, forever — Financial Times -
• Zack Polanski’s journey from Liberal Democrat convert to Green leader — Financial Times -
• Top health official held shares in key children’s home operator — Financial Times -
• The month of error and overwhelm — Financial Times -
• Bill Gates Spent Years Crafting His Image. Now It’s Cracking. — Wall Street Journal -
• Jes Staley to appear before Congress over ties to Jeffrey Epstein — Financial Times -