The US carries out second day of strikes against Iran amidst renewed fighting showing cracks in the peace-trade rally, leading to oil prices remaining elevated amid shipping traffic slowdowns in the Strait of Hormuz and China's factory gate prices surging over Iran war turmoil.
Europe faces challenges from a French commissioner pushing for 'Buy European' in public procurement to Europe preparing for a world of extreme heat, with European heatwaves damping sales growth for Uniqlo and Germany striking a deal to buy US Tomahawk missiles.
**Prologis pushes for talks on a $16.9 billion Segro bid, Uniqlo owner raises earnings outlook after a strong quarter, while Hugo Boss urges shareholders to reject Frasers’ $2.2 billion takeover bid, and Porsche deliveries fell 16% in the first half**.
PepsiCo warns of 'rising inflationary pressures' for US consumers, prompting questions about why the Fed isn't raising rates, as European banks embrace synthetic risk transfers, and **Wall Street’s boutiques face a superstar banker pay problem**.
China could be the US tech hedge as Chinese companies use a rare earths ban to squeeze out foreign rivals, while **RayJay thinks SpaceX will soon be worth $10tn, and South Korea’s AI chip boom separates the haves from the have-mores**.
**Hasbro’s 'aging up' strategy continues with a reattempt at Adult Play-Doh, Buc-ee’s is on a rampage over trademark disputes, and concerns arise about counterfeit air-bag parts killing U.S. drivers**.
Labour MPs push for a permanent ban on crypto political donations, **Farage’s finances risk derailing his project, and there's debate around who wants to tax a billionaire as ministers look at restricting cash payments for disability benefits**.