- Liverpool's Portuguese forward Diogo Jota died in a car crash near Zamora in northwestern Spain with his brother, the Portuguese Football Federation said.
- British Prime Minister Keir Starmer's office rushed to give finance minister Rachel Reeves his full backing after she appeared in tears in parliament following a series of U-turns on welfare reforms that blew a hole in her budget plans.
- Italy, along with other NATO countries, has agreed to sharply increase defense spending over the next decade, but Giorgia Meloni's government is already working on imaginative ways to minimise any hit to its strained public finances.
- Hamas says it's studying what Trump called a "final" ceasefire proposal for Gaza. Senior Correspondent Alexander Cornwell joins the latest episode of Reuters World News podcast to talk hurdles that remain - listen now.
- The World Health Organization is pushing countries to raise the prices of sugary drinks, alcohol and tobacco by 50% over the next 10 years through taxation, its strongest backing yet for taxes to help tackle chronic public health problems.
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Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo |
- The US has lifted restrictions on exports to China for chip design software developers and ethane producers, a further sign of de-escalating US-Sino trade tensions including concessions from Beijing over rare earths.
- Canada canceled a digital service tax on US technology companies this week in order to preserve trade talks with its neighbor, but another irritant, in agriculture, could be a bigger thorn in the ongoing negotiations.
- Two in three reserve managers fear Federal Reserve independence is at risk and nearly half think the rule of law in the US may deteriorate enough to influence their asset allocation significantly, UBS Asset Management said in a survey.
- Traders are focusing on the release of the pivotal US jobs report that could make or break the case for a July interest rate cut, and the labor market is expected to have slowed further in June. For more, watch our daily market rundown.
- French air traffic controllers began a two-day strike to protest over staff shortages and aging equipment, leading to hundreds of flight cancellations just as the summer season gets under way.
- Nippon Steel pushed its $14.9 billion bid for United States Steel past the line with some big concessions. In this Viewsroom podcast, Breakingviews columnists debate the golden share it handed to the US government and what this means for others eyeing stateside expansion.
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How China's new auto giants left GM, VW and Tesla in the dust |
Workers build Zeekr 009 electric minivans at the automaker's factory in Ningbo, China, in April. REUTERS/Nick Carey |
BYD, Chery and other Chinese car makers have reshaped global competition through their unprecedented agility. They have found ways to develop new models in less than half the time it takes their foreign rivals, helping to drive explosive growth. This account of how Chinese automakers outmaneuvered global rivals is based on interviews with more than 40 people, including current and former executives, employees and investors at five Chinese and seven global automakers and more than a dozen industry experts. |
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The comic book titled 'The Future I saw at Village Vanguard bookstore in Tokyo, Japan June 30, 2025. REUTERS/Issei Kato |
Viral rumours of impending disaster stemming from a comic book prediction have taken the sheen off Japan's tourism boom, with some airlines canceling flights from Hong Kong where passenger numbers have plunged. |
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