• Yum Brands to Sell Pizza Hut for $2.7 Billion — Wall Street Journal - 19:40
• Big Questions for Warsh as New Era for the Fed Begins — The New York Times Business - 19:28
• Best-Selling Memoirist Sues Classmate Who Said She Used Her Story — The New York Times Business - 19:14
• U.S. Companies Stop Waiting for Supply Chains to Return to Normal — Wall Street Journal - 19:02
• BMW cuts profit guidance as Iran war adds to challenges in Chinese market — Financial Times - 19:01
• China’s Spending Slowdown Deepens as Households Tighten Their Belts — The New York Times Business - 18:19
• Japan Raises Rates to 31-Year High to Ward Off War Inflation — The New York Times Business - 18:14
• Pizza Hut Sold to Two Firms for $2.7 Billion — The New York Times Business - 18:07
• Riding High After I.P.O., SpaceX Will Buy A.I. Start-Up for $60 Billion — The New York Times Business - 17:59
• European Union Lawmakers Approve Much-Delayed Trade Deal With U.S. — The New York Times Business - 17:48

Global geopolitical tensions are influencing oil prices and economic stability, with a Russian warship incident in the Channel, the Iran war's lasting impact on the global economy and farmers facing rising fertilizer costs, and Wall Street banks cutting oil price forecasts amidst a potential Strait of Hormuz reopening.

• Russian warship accused of firing warning shots towards yacht in Channel — Financial Times -
• The Iran War Permanently Altered the Global Economy — The New York Times Business -
• War Hangs Over American Farmers as Fertilizer Prices Rise — The New York Times Business -

• Oil Prices Set to Keep Rising Even After Iran Conflict Ends, Shell Boss Says — Wall Street Journal -
• Oil Prices Continue to Fall as Traders Assess U.S.-Iran Deal — The New York Times Business -
• Oil sinks below $80 a barrel as traders bet Strait of Hormuz flows will return — Financial Times -
• G7 leaders agree to increase sanctions on Russian energy — Financial Times -
• Trump says Syria should fight Hizbollah instead of Israel — Financial Times -
• What DoJ’s probe into Newsom signals for 2028 presidential election — Financial Times -
• Iran’s government thinks it has won the war — Financial Times -
• Gas Prices May Remain High Despite US-Iran Deal — The New York Times Business -
• Who will pay for Canada’s proposed west coast pipeline? — Financial Times -
• This time, Trump and Netanyahu have really fallen out — Financial Times -
• Major Wall Street Banks Cut Oil-Price Forecasts on Faster Gulf Supply Recovery — Wall Street Journal -
• FirstFT: $300bn reconstruction fund to rebuild Iran — Financial Times -
• Iranian football team told to return to Mexico after opening World Cup game — Financial Times -
• Central banks repatriate gold as global insecurity rises — Financial Times -
• EU capitals push for proposal to ban trade with illegal Israeli settlements — Financial Times -
• Will there be a peace dividend for markets? — Financial Times -
• Shadow fleet tanker seized by UK linked to Tate Modern sponsor — Financial Times -
• US-Iran deal must be ‘material’ for Strait of Hormuz to reopen, tanker giant warns — Financial Times -
• Investors celebrate US-Iran deal — Financial Times -
• How has India dealt with the economic hit from the Iran war? — Financial Times -

The AI sector sees major activity with SpaceX becoming the fifth-most valuable company and acquiring **AI coding agent Cursor for $60 billion, while Asian chip companies are igniting an AI boom and OpenAI's spending hit $34 billion** last year.

• SpaceX leapfrogs Amazon to become world’s fifth-most valuable company — Financial Times -
• SpaceX Agrees to Buy AI Coding Agent Cursor for $60 Billion — Wall Street Journal -
• Riding High After I.P.O., SpaceX to Buy A.I. Start-Up for $60 Billion — The New York Times Business -

• France’s spy agency replaces Palantir with local rival — Financial Times -
• Spy agencies buy bulk data to assess potential targets — Financial Times -
• Qualcomm Is a Rare AI Chip Value Play — Wall Street Journal -
• A.I. Boom Ignites Asian Chip Companies — The New York Times Business -
• More in store for the hardware crunch — Financial Times -
• AI fuels private equity’s biggest ever windfalls — Financial Times -
• Europe’s AI champion Mistral vulnerable to Russian disinformation, study finds — Financial Times -
• Palantir NHS claims rely on just a few hospitals — Financial Times -
• OpenAI spending hit $34bn last year ahead of planned IPO — Financial Times -
• How an AI windfall gave Bain Capital one of the most lucrative private equity deals ever — Financial Times -

Central banks are making critical moves to combat inflation, with Japan raising rates to a 31-year high and new Fed Chair Kevin Warsh facing challenges amidst a robust Eurozone economy, while EU lawmakers approved a long-delayed trade deal with the U.S.

• Europe Union Lawmakers Approve Much-Delayed Trade Deal With U.S. — The New York Times Business -
• EU resists banks’ plea for major overhaul of capital rules — Financial Times -
• Big Questions for Warsh as New Era for the Fed Begins — The New York Times Business -

• The robust Eurozone economy — Financial Times -
• EU lawmakers approve long-delayed US trade deal — Financial Times -
• Turkey’s Michelin chefs are fried by high inflation — Financial Times -
• Warsh Faces Tenuous Balancing Act in First Fed Meeting as Chairman — The New York Times Business -
• Bank of Japan raises rates to 1% for first time since 1995 — Financial Times -
• Bank of Japan raises rates in response to inflation risks — Financial Times -
• Japan Raises Rates to 31-Year High to Ward Off War Inflation — The New York Times Business -
• Treasuries shrug at the ceasefire — Financial Times -
• Monetary Policy Radar preview: BoE’s June meeting — Financial Times -
• Economists bet on higher rates as Kevin Warsh takes reins at the Fed — Financial Times -

Companies are navigating significant changes, with **Robinhood cutting 10% of its workforce in restructuring, Yum Brands selling Pizza Hut** for $2.7 billion, and Equinor doubling its share buyback as hotel owners rebel against Marriott's loyalty program.

• The ‘One Size Fits Most’ Retailer Is Shutting Its Changing Rooms — Wall Street Journal -
• Robinhood to Cut 10% of Workforce in Restructuring — Wall Street Journal -
• Yum Brands to Sell Pizza Hut for $2.7 Billion — Wall Street Journal -

• Yum Brands to offload Pizza Hut in $2.7bn deal — Financial Times -
• Equinor Doubles Share Buyback to $3 Billion Under New Plan Targeting Fossil Fuel Growth — Wall Street Journal -
• Ericsson CEO Ekholm to Step Down, Company Veteran Narvinger Named Successor — Wall Street Journal -
• Olin, Huntsman to Combine in Stock Swap — Wall Street Journal -
• GM in Talks to Supply Weapons Parts to Lockheed Martin — Wall Street Journal -
• Why Oatly’s Marketing Went From Wordy Billboards to Beverage Events — Wall Street Journal -
• Hotel Owners Are Rebelling Against Marriott’s Loyalty Program — Wall Street Journal -
• Rivian’s Make-or-Break SUV Is Here. Fans Are Already Balking at the Lease Price. — Wall Street Journal -
• Just How Much Are E.V. Drivers Saving With Gas Prices Still High? — The New York Times Business -
• Fujitsu chair quits after claims of ‘woman-related’ improper conduct — Financial Times -
• Norwegian Air Shuttle to Buy Package Holiday Group Nordic Leisure Travel For $833 Million — Wall Street Journal -
• JPMorgan plans Chase expansion into Europe’s largest markets — Financial Times -

Key UK political figures are addressing national challenges, including a UK-EU summit set for July 22 to discuss closer ties, ministers seeking to limit offshore wind costs, and Labour's Reeves hoping to fund defense without tax rises.

• UK-EU summit set for July 22 — Financial Times -
• Ministers seek to limit costs of next UK offshore wind round — Financial Times -
• Reeves ‘hopes’ to fund defence without tax rises — Financial Times -

• Starmer vows to fight for his job if leadership challenge launched — Financial Times -
• Environment secretary casts doubt on £10bn Thames Water rescue — Financial Times -
• Burnham plans to give Starmer ‘space’ to resign after by-election, say allies — Financial Times -
• Platner and Starmer remind us that character matters in politics — Financial Times -

China's economy faces significant headwinds, marked by retail sales sinking for the first time since Covid and a spending slowdown deepening, while China's Xi urges Myanmar's coup leader to push a strategic project, and Brussels considers a trade war with Beijing.

• If Brussels starts a trade war, Beijing will finish it — Financial Times -
• China’s Spending Slowdown Deepens as Households Tighten Their Belts — The New York Times Business -
• China’s Xi urges Myanmar’s coup leader to push ahead with strategic project — Financial Times -

• China retail sales sink for first time since Covid — Financial Times -
• Hedge funds bet against European carmakers on Chinese competition fears — Financial Times -

Broader societal and economic shifts are evident, with working parents feeling overwhelmed by time constraints, literary travel gaining popularity, and rising housing costs impacting previously affordable areas like Walmart's Arkansas heartland.

• Working Parents Say They’re in a Losing Battle Over Their Time — The New York Times Business -
• Call It a ‘Book-cation’ or a ‘Readaway,’ Literary Travel Is Having a Moment — The New York Times Business -
• India blocks Telegram in bid to halt exam fraud — Financial Times -

• Why is America’s capital of cheap retail becoming so expensive? — Financial Times -
• Job-hopping can pay, but the employment market is changing — Financial Times -