AI Summary
- The ongoing Israel-Iran conflict continues to impact global markets and energy supply, with tensions rising around the Strait of Hormuz, a crucial passage for global oil shipping.
- Recent U.S. military strikes have reportedly delayed Iran's nuclear program, but intelligence assessments indicate that significant damage may not have been achieved.
- In North America, trade relations are strained as Canada pushes back against U.S. tariff demands on steel and aluminum, while also contemplating a "Buy Canadian" policy for government projects.
- The Bank of England and the European Central Bank are both expected to implement rate cuts in response to persistent inflation, affecting financial markets and economic forecasts.
- In the cryptocurrency sector, legislative efforts are underway as Republican senators introduce a framework aimed at establishing clearer regulations for digital asset companies amid changing market dynamics.
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Wall Street Journal
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The Great Scottish Tea Swindle
wsj.com
2 hours ago
by Alistair MacDonald
How a band of brew-swilling detectives brought down Scotland’s ‘Mr. Tea’
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Israel-Iran Conflict Spurs China to Reconsider Russian Gas Pipeline
wsj.com
2 hours ago
by Georgi Kantchev
The Power of Siberia 2 project has been stalled for years, but Beijing is growing concerned about the reliability of oil and gas from the Midd…
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How Trump Cajoled Iran and Israel Into a Cease-Fire and Forced Them to Comply
wsj.com
4 hours ago
by Yaroslav Trofimov
It remains to be seen how long the truce will hold and whether it will pave the way for a nuclear deal between the U.S. and Iran.
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U.S. Strikes Set Back Iran Nuclear Program by a Few Months, Initial Report Says
wsj.com
4 hours ago
by Dustin Volz
A preliminary classified intelligence report produced by the Defense Intelligence Agency counters the White House’s claims of more-extensive d…
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Trump Set on Tariff Demands as Canada Negotiations Head Toward Deadline, Canadian Ambassador Says
wsj.com
6 hours ago
by Vipal Monga
In the short-term, Canada is trying to get the U.S. to back down from 50% tariffs on steel and aluminum imports and levies on autos, said Kirs…
Financial Times
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Trump’s wavering on Nato defence pact casts pall over summit
ft.com
an hour ago
by FT Client Support
US commitment to Article 5 ‘depends on your definition’, says president ahead of meeting with allies
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Nato chief Rutte praises Trump for making Europe ‘pay in a BIG way’
ft.com
7 hours ago
by FT Client Support
US president releases flattering message that also hails ‘truly extraordinary’ Iran strikes
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‘We’ve watched this movie before’: oil traders shrug off Mideast tumult
ft.com
an hour ago
by FT Client Support
Open source intelligence and social media posts gave market participants confidence to sell despite Israel-Iran conflict
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Can HSBC cut its way to growth?
ft.com
an hour ago
by FT Client Support
The bank’s latest reorganisation has arguably left it with few options to boost revenue as it faces trade tariffs and lower interest rates
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The war that will remake Iran’s Islamic republic
ft.com
11 hours ago
by FT Client Support
Even without toppling the regime, Israel and the US’s assault is set to bring sweeping change rivalling the 1979 revolution
CNBC
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China's Li urges not to turn trade into a political or security issue
cnbc.com
an hour ago
Chinese Premier Li Qiang was speaking at the opening plenary of the World Economic Forum's annual conference in China, often dubbed "Summer Da…
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Trump to Congress: 'NO ONE GOES ON VACATION' until spending bill passes
cnbc.com
8 hours ago
President Donald Trump's pressure comes as the bill still faces an uphill climb ahead of Republicans' self-imposed July 4 deadline.
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Powell emphasizes Fed's obligation to prevent 'ongoing inflation problem' despite Trump criticism
cnbc.com
12 hours ago
The cautious tones from Powell could further antagonize President Donald Trump, who has ramped up his long-standing criticism of Powell.
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Sam Altman calls Iyo lawsuit 'silly' after OpenAI scrubs Jony Ive deal from website
cnbc.com
7 hours ago
OpenAI CEO Sam Altman responded on X to a lawsuit from startup Iyo, which is claiming trademark infringement.
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China doubles down on promoting yuan as confidence in U.S. dollar takes a beating
cnbc.com
an hour ago
From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of …