Today’s agenda: EU-China conversations derailed; Reeves is considering non-Domine inheritance tax review; Trump card and Trump Mobile; German defense -technical investment; and increasing risk for forest fires in London
We start in Canada, where the conflict between Israel and Iran has dominated the G7 top, with the US President Donald Trump definitely leaving early.
The latter: Donald Trump said he would leave the top early to manage America’s war to the war between Israel and Iran, because G7 leaders called for a solution to the conflict and a “broader de-escalation” in the Middle East. After a day of intense diplomacy, the joint statement that was in charge yesterday, after the US president had initially resisted to sign up for the text and had published more and more ragging statements about the war, including a warning to evacuate Tehran.
The early exit of Trump came after the further Israeli strikes of the Iranian capital, including an attack on a television broadcaster of the State that concerned the concern that the war between the two countries could continue to swing.
What could come: Trump told G7 leaders that according to French President Emmanuel Macron there was going on that there were discussions to obtain a cease -the fire between Iran and Israel. But Iran said that it will only agree to put an end to the war with Israel and to resume conversations about his nuclear program when Israeli troops stop their bombing, said diplomats.
Although the US president said he would like to see a deal to stop the conflict, he did not exclude the American involvement in the war in support of Israel. But American officials insisted that the country remained in the “defensive” attitude in the middle. The laws have warned the US president that he would need a congress registration to use military violence against Iran. Follow our live blog for more updates about the war and its impact.
Here is more about the situation:
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Shipping from Tehran: After days of bombing, Tehris choke in patch in stalemate and fear, because many residents of the capital of the capital try to flee.
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Air war: Israel and Iran’s Endurance Battle Pits Israel Defense Forces Jets against the Tehran rake reserves, but how long can it take?
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Opinion: If Iran loses a conventional conflict, there is a risk of unconventional means of retaliation, writes Gideon Rachman.
This is what we keep an eye on today:
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G7 Summit: World leaders will conclude conversations in Canada without Trump.
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FT Live: The FT Women in Business Summit takes place. Register here And read a special report on the subject.
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IEA: The International Energy Agency publishes its oil 2025 report in addition to the monthly oil market report.
Five more top stories
1. Exclusive: the EU has refused to hold a flagship economic encounter with Beijing Prior to a top next month due to a lack of progress on numerous trade disputes, people who are familiar with the case said. The block of the block of the conversations underlines the deep division between the parties despite Beijing’s efforts to realize Europe.
2. Exclusive: Chancellor Rachel Reeves investigates the reversal of a decision to pay British inheritance on the global assets of non-DomsAccording to a wave of departure and lobbying by the city of London, according to government officials and financiers who have been informed about the discussions. Read the full report.
3. Exclusive: nearly 70,000 people have registered for the new Golden Trump cardAn investor visa scheme led by Howard Lutnick who will grant foreigners legal stay in the US for an amount of $ 5 million. More about the interview with the American trade secretary.
4. Exclusive: Spotify founder Daniel EK leads an investment of € 600 million in HelsingThe appreciation of the German Defense Tech Group at € 12 billion and makes it one of Europe’s most valuable start-ups. The deal comes when the start-up-up-up-up-up-up-ups-ups-ups origin is in AI software to produce its own drones, planes and submarines. Read more information about the deal.
5. Exclusive: a group of mid-tier British law firms stimulates payment for most junior lawyers Up to no less than £ 140,000 a year if they try to keep pace with larger rivals in the race to attract and retain talent.
The Great Lecture
After years of business reports that emphasize the goal and inclusion, the advertisement is shrinking away from making social progressive statements as the movement intensifies against diversity, fairness and inclusion. Daniel Thomas reports from Cannes about how the cultural war makes the sector again.
We also read and listen to. . .
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‘Global Euro’: The in -depth shift in the geopolitical order offers opportunities for the euro to gain worldwide fame, writes the European President of the Central Bank Christine Lagarde.
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‘Economy of small print’: Non-competition clauses can look employers-friendly, but can suppress work equipment and competition of the labor force, writes Sarah O’Connor.
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From cars to handbags: Luca de Meo has transformed Renault Motorgroep, but can he really breathe new life into Gucci owner Kering?
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Tech Tonic 🎧: Trump-Musk’s bromance is over. What does it mean for the richest man in the world?
Graph of the day
London is running an increased risk of forest fires this summer, the fire brigade of the British capital has warned. The service makes efforts to prepare for Blazes by investing in new equipment and steering firefighters on specialized training in the light of increased risk due to climate change.
Take a break of the news
From female explorers and the rivers of the world to the greening of China and the ideological brain, here are the best summer books of 2025 about the environment, science and technology.
