Today’s agenda: Lockheed’s British pitch; Fed cuts our prospects; China’s Drone -Push; Leo Lewis about Trump’s “Stick holder capitalism”; And is Agi another fashion word in Silicon Valley?
Good morning. We start with the last about the war in the Middle East and the global fall -out.
The situation now: Donald Trump has made his most explicit comments so far about possible American military action to Iran and said, “I can do it. I may not do it.” The president also said next week or “maybe less than a week” would be “very big”, which would indicate a possible time frame before his decision. The nuclear driven USS Nimitz, the leading ship of the American Navy in its class of aircraft carriers, is moving to join other American military assets in the region. Trump said Tehran wanted to negotiate, but Iran denied his account.
Worldwide reaction: The British Prime Minister Sir Keir Starmer has the British cabinet alert to potential American action, in which his team weighs how to react when Tehran’s British assets threatens in the middle. They discussed whether Trump could try to meet Iran’s nuclear facilities from a joint US-OUK air base in Diego Garcia in the Indian Ocean, which would bring Great Britain closer to the conflict. In the meantime, Russian President Vladimir Putin said he had discussions with the US, Iran and Israel, but said that the solution was to the warring parties.
Impact on energy: The oil prices are steadily after the rise last week, with rough export from the middle -east largely unaffected. But the prices for charter large oil tankers that sail through the Strait of Hormuz have more than doubled since Israel met Iran. About a third of the oil supply of the Zeeborne in the world flows through the narrow waterway that Iran separates from the Gulf States. The demand for alternative energy sources, such as Palm or Soy oil, has also increased in recent days.
Follow our live blog for the latest updates.
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Iranian victims: The rocket attacks of Israel have eliminated Iran’s best military leaders and nuclear specialists. Here are the key figures that have been killed.
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Secret War: Hackte phones, in -depth duvets and geminiaturized weapon systems were part of the secret campaign that preceded Israel’s attack on Iran.
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“Let them kill us”: Millions of Iranians refuse to leave Tehran despite the deadly strikes and warnings from Israel to evacuate.
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Steve Bannon: Trump’s former adviser has warned that the American involvement in another war in the middle would “tear the country apart”.
This is what we keep an eye on today:
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British interest rates: The Bank of England is expected to continue to borrow the costs unchanged, with British inflation well above its official target.
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Chatham House: The think tank has expected its flagship conference in London, with former MI6 chef Sir John Sawers and the Martin Wolf from the FT to speak.
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Tick ban: Trump is expected to extend today’s deadline for the Chinese owner Bytedance to sell his interest or to get a ban.
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American markets closed: The country marks the end of slavery after the Civil War with the Juneteenth Holiday.
Five more top stories
1. Exclusive: Lockheed Martin has approached the British government to offer help When building a new missile weather system for the country. The American defense group said it would like to collaborate with whom the UK wanted us to work together “. Read the full story.
2. Exclusive: Microsoft is willing to run away from conversations with OpenAi About the future of the alliance of billions of dollars, while the chatgpt maker tries to convert himself into a company with a profit. The two parties are unable to coordinate crucial issues, such as the size of the future importance of the software group in the start-up.
3. The Federal Reserve yesterday reduced its prospects for the US economy, Divided with policy makers about whether they could lower interest rates this year, because Trump’s rates bring risks to higher inflation. Hours before the decision, US President Fed chairman Jay Powell called “Dom” and asked if he could “designate myself” at the Central Bank.
4. Exclusive: the creditors of Thames Water demand exemption from important British environmentalets, According to documents seen by the FT. The lenders, who offer a back -up rescue of £ 5 billion from the largest water company in Groot -Britain, also want fines that are intended for millions of pounds.
5. The sector of the American clean energy is confronted with a wave of bankruptcies While the congress weighs an expenditure account, the tax credits would weigh for clean energy that the industry has kept up. Since reconsidering the congress and the White House, Republicans have quickly moved to dismantle investments from the Biden era in renewable energy sources.
The Great Lecture
Artificial general intelligence is tipped as the next major breakthrough from Silicon Valley, with proponents from OpenAi to Google DeepMind who predicts that it can tur the economy, cure diseases and “can elevate humanity”. But is Agi a scientific goal – or just a marketing fashion word?
We read too. . .
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Chinese drones: Beijing has encouraged the country to produce millions of unmanned aircraft. Now it wants the “low-altitude economy” to become a cause of growth.
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Julius Baer: Stefan Bollinger, a former Goldman Sachs banker, takes on the troubled legacy of the Swiss Wealth Manager as his new Chief Executive.
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‘Stick holder capitalism’: Nippon Steel’s $ 15 billion deal for US Steel is the first major cross -border deal under the new genre of Trump’s capitalism, writes Leo Lewis.
Graph of the day
Universities in Asia had a strong show in the latest QS world ranking, while the majority of British institutions dropped the list for a second consecutive year. This is how individual institutions performed.
Take a break of the news
This is time for a fun, no-nonsense, ready-to-beach watch. Louis Cheslaw assesses affordable and water -resistant timepieces before the summer.
