Trump announces 50% tariff on Brazilian goods

Linda Yaccarino, CEO of Elon Musk's X, to step down www.reuters.com/sustainabili...

Dubai's Emirates signs preliminary deal to add crypto to payments www.reuters.com/world/middle...

Elon Musk says he is launching new political party www.bbc.co.uk/news/article...

Tesla faces second straight year of falling sales after another bad quarter techcrunch.com/2025/07/02/t...

Microsoft is laying off as many as 9,000 employees www.theverge.com/news/693535/...

Meta seeks $29bn from private credit giants to fund AI data centres www.ft.com/content/aff1...

British retail sales tumble 2.7 per cent in May www.ft.com/content/5134...

United States : Initial Jobless Claims DOWN TO 245K FROM 248K

Sam Altman claims Meta tried and failed to poach OpenAI's talent with $100m offers. techcrunch.com/2025/06/17/s...

UK inflation rose 3.4% in April, above economists' expectations.

Meta introduces advertising to WhatsApp in push for new revenues www.ft.com/content/25bc...

The number of payrolled employees in the UK dropped by 109,000 in May, the most since the early days of the pandemic Source: Bloomberg

UK fintech Wise to switch main listing to New York Source: on.ft.com/43J0d0q

Data Error Pushed Up UK Inflation in April, Stats Office Says

UK house price growth in May exceeds forecasts Source: www.ft.com/content/a068...

United and JetBlue agree to a partnership that will allow travelers to use loyalty points and book fights across the two carriers

Trump orders US chip designers to stop selling to China on.ft.com/43hH6LX

Shein is considering switching its planned initial public offering to Hong Kong from London. Source: Bloomberg

Citadel Securities profits jump 70% on surge in trading revenues www.ft.com/content/d0f4...

IMF raises UK growth forecast as it warns on tax and spending. www.bbc.co.uk/news/article...

WhatsApp now on iPad!

US April New Home Sales Rise to 743K, Highest Since Feb. 2022

Harvard sues the Trump administration after it revoked the university's ability to enrol international students

Trump Threatens 25% Tariff on Apple If iPhone Not Made in US

US is pushing the EU to make unilateral tariff reductions or face fresh reciprocal duties of 20%

BYD sells more electric vehicles in Europe than Tesla for first time www.ft.com/content/53ec...

UK inflation jumps higher than expected to 3.5% amid bills increase

Musk says that Starlink could go public at some point. “I’m in no rush to go public,”

Musk proclaiming he’s committed to staying on at Tesla in five years time

Musk Says He Is Pushing Ahead With Lawsuit Against Open AI

*TRUMP SAYS INDIA HAS OFFERED TO DROP ALL TARIFFS ON US

UK Economy Expanded 0.7% in 1Q, Better Than Forecast of 0.6%.

Apple Inc. is weighing raising prices for the iPhone lineup coming out later this year, and will avoid blaming any increases on tariffs. Source: WSJ

The US and China will temporarily lower tariffs on each other's products, with the US reducing its levies on most Chinese imports from 145% to 30% and China dropping its duties on US goods from 125% to 10%.

Perplexity has crossed $100m in annualised revenue. Took 20 months since Perplexity Pro launched in 2023. 6.3x growth YoY and remains highly under monetised. Source: Aravind Srinivas (CEO of Perplexity)

The US-UK trade pact will leave the 10% US tariff in place, per CNN.

United States: Initial Jobless Claims DOWN TO 228k FROM 241k

Trump confirms ‘full and comprehensive’ trade deal with UK. "The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come."

Apple is considering revamping Safari to focus on AI-powered search engines, potentially impacting its partnership with Google. Eddy Cue, Apple's senior VP of services, believes AI search providers will eventually replace standard search engines and that Apple will bring those options to Safari.

UK house prices rise for the first time since January. Figures from lender Halifax show that house prices increased by 0.3% last month, reversing the 0.5% drop seen in March and marking the first gains since January.

The US Government now spends more money on interest payments on the National Debt ($1.11 Trillion) than it does on National Defense ($1.10 Trillion). Source: Charlie Bilello

Buffett to Step Down From Berkshire Hathaway at Year-End

*BERKSHIRE HATHAWAY CASH PILE HITS RECORD $347.7B IN 1Q

US lawmakers urge SEC to delist Alibaba and Chinese companies on.ft.com/4d3rWNN

Eurozone inflation remained at 2.2 per cent in April, surpassing expectations

*US JOBLESS CLAIMS 241,000 IN APRIL 26, 2025 WEEK; EST. 223K

McDonald’s US sales drop by most since height of pandemic in 2020 www.ft.com/content/90c6...

UK factories are hit by the biggest plunge in overseas orders in five years. www.bloomberg.com/news/article...

META lowered its expenses guide to $113-118bn, or an increase of 19-24% yoy, which compares to 16% topline growth in 1Q25 and its 9-16.5% topline growth guide for 2Q25E, pointing to margin contraction in ‘25E - Arete