Business

Apple's peerless iPhone pricing power, Renault's abstention on Nissan's board appointment, falling egg prices hurting farmers, AI's challenge to food content, cottage cheese shortages driven by TikTok, a federal lawsuit against Toyota over an electric vehicle, new car brands' struggles, America's intractable air traffic problem, Bob Iger's long goodbye from Disney, the James Beard Awards focusing on immigration, automakers' second chance for EV pickups, the classic 'Toy Story' movie nearly destroyed by code, and Amazon's abandonment of an OpenAI film showcase significant developments across various sectors.

A chief whip warning Starmer about an exit timetable, a fatal UK train collision, the Burnham camp's division over a chancellor pick amidst worsening UK finances, ministers making YouTube and Meta boost UK news prominence, a call to add adults to the social media ban, revelations of Nigel Farage's Brexit rallies funded from the EU budget, Big Tech stoking unrest in the UK, advice for UK investors to stop buying rubbish stocks, and the rise of the remorseful homebuyer highlight key domestic concerns.

Iran's closure of the Strait of Hormuz after exchange of fire, questions on how fast Iran can ramp up oil sales, mines, logistics, and deep uncertainty threatening a Middle East oil rebound, Europe's stocks offering a peace dividend, fertiliser prices tumbling, and markets getting the measure of Trump's foreign policy signal major global economic and security developments.

**Pedro Sánchez’s wife ordered to face a corruption trial, Meloni accusing Trump of pandering to the west’s enemies, a window for peace in Ukraine not being open forever, Latin American World Cup jerseys becoming a political football, and the Alternative for Germany reviving Nazi-era attacks on Bauhaus** cover significant global political and cultural events.

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