US consumer prices rose at their fastest annual pace in three years, surpassing economists' forecasts and reinforcing the Federal Reserve's decision to hold interest rates steady.
Nissan is considering a change in leadership following poor results and the failure of a proposed merger with Honda, according to a report citing unnamed sources.
Also covered by The Japan Times
SpaceX shares dropped 5% on their second day of trading as the initial IPO rally ran out of steam amid profit-taking.
Thai official Ekniti warns of energy risks despite deal
Also covered by Bangkok Post
Also covered by WSJ
There are still mines in the Straight of Hormuz, delaying the opening for commercial shipping. How dangerous are naval mines, and what can be done to clear them?
Also covered by Financial Times · Newsmax
The rapid rollout of AI infrastructure has sent demand for semiconductors soaring.
Also covered by Semafor · BBC · The Telegraph
The Bank of England held rates at 3.75% while inflation remained above target at 2.8%.
- SWI swissinfo.ch — Switzerland's central bank held its key interest rate at 0%, reflecting low domestic inflation.
- Sky News — Announcing its latest interest rates decision the morning after a thrilling England World Cup win, the Bank of England continues to put its foot on the ball.
- Bangkok Post — Thailand's central bank made a surprise cut to its policy rate to support a slowing economy.
Also covered by MercoPress
Also covered by Bloomberg.com · Reuters · Financial Times
The BBC breaks down how the tech mogul's fortune has grown.
Also covered by BBC · Daily Wire
Charting the Global Economy: Warsh’s Tenure at the Fed Begins SWI
Also covered by SWI swissinfo.ch · New York Post
Members of the Iranian diaspora in Toronto have mixed reactions to the U.S.-Iran peace deal, with some expressing relief that ordinary citizens will no longer live under active bombardment, but also skepticism that the new agreement will hold the Iranian government accountable.
Also covered by Xinhua · Nikkei Asia
Also covered by Nikkei Asia · Reuters
Oil tankers and cargo ships began moving through the Strait of Hormuz following the US-Iran deal, pushing oil prices sharply lower and prompting the UAE to announce plans to reduce its dependence on the waterway.
- Tangle — Tangle analyzes a possible US-Iran peace deal
- Deutsche Welle — A potential US-Iran deal to end the war and reopen the Strait of Hormuz could ease the global energy crunch, but oil prices and supplies may take months to stabilize as shipping restarts and infrastructure recovers.
- Lawfare — The Strait of Hormuz and the Limits of Maritime Law Lawfare
- The National — Relief for seafarers as they prepare to return home from Strait of Hormuz The National
- Breitbart — Shipping traffic is reportedly beginning to move through the Strait of Hormuz, which Iran promised to reopen without tolls or ransoms as part of its ceasefire deal with the United States.
- DNyuz — Stranded ships await clarity in a still-tense Strait of Hormuz
Also covered by BBC · Bloomberg.com · AP News · Hindustan Times · Euronews · The Independent (UK) +2 more