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US president says levy would be imposed immediately and supersede pre-existing trade deals with the country Donald Trump threatened on Friday to place a 100% import tariff on any European country that imposes a tax on digital services from US companies.Writing on Truth Social, the US president said that “numerous European countries” had been discussing putting a digital services tax on American companies and that “some of these countries are close to actually doing this.” Continue reading...

• The FTSE 100 closed down 21.87 points (0.2%) at 10,508.02, following reports of delays at OpenAI that negatively impacted the tech sector. • Asian markets saw sharper declines, with South Korea’s Kospi falling 5.8% and Tokyo’s Nikkei 225 dropping 4.2%. • Major tech players were hit hard, including SK hynix, which saw its share price shed 8.4%, and SoftBank, which plunged 13%.

• King Charles has become the first monarch to publicly disclose his tax bill, revealing he paid £12.9m in tax last year. • The royal public funding is set to double to £100m, with the new figures showing an increase in financial transparency from the monarchy. • The detailed breakdown of how the tax was calculated has not been disclosed, sparking potential questions about the royal family's financial dealings.

• The UK stock market showed mixed performance as the FTSE 100 dipped from recent highs, while the FTSE 250 and FTSE 350 remained resilient. • Market movements were driven by a combination of declining oil prices, an uptick in consumer confidence, and ongoing diplomatic developments between the US and Iran. • This volatility reflects investor uncertainty as they balance macroeconomic signals and geopolitical tensions affecting global trade.

• On June 25, the Indian stock market saw cautious gains, with the Sensex closing at 77,100.47 (up 109.25 points) and the Nifty 50 ending at 24,056.00 (up 34.35 points). • The market growth was primarily supported by a decline in crude oil prices, which returned to levels seen before the Iran conflict. • Additional positive momentum was driven by recent government policy measures designed to strengthen the rupee and attract more overseas investment inflows.

• Micron reported record Q3 2026 revenue of $41.5B, a fourfold increase compared to the previous year, driven by the AI memory cycle. • The company secured 16 strategic "take-or-pay" agreements, locking in approximately $100B in minimum contracted revenue and $22B in upfront cash. • This structural shift in contracting aims to stabilize the volatile memory industry by ensuring guaranteed long-term demand.

• The Nasdaq Composite dropped 4.18% and South Korea's KOSPI plunged nearly 10% following a sharp sell-off in technology stocks. • The market volatility was triggered by disappointing AI-related guidance from Broadcom, which fueled investor concerns regarding a potential AI bubble burst. • This downturn highlights a growing sensitivity in global markets to the actual financial returns and growth projections of artificial intelligence investments.

• Japan achieved a historic milestone by winning their 1,000th game during the 2026 FIFA World Cup. • The tournament continues with a series of high-profile matchups, including Spain against Saudi Arabia and Belgium against Iran. • These matches are being broadcast across multiple platforms, including BBC One, iPlayer, and BBC Radio 5 Live.

Australia’s most populous state forecast to plunge into worse-than-expected $2.3bn deficit in 2026-27, before rebounding to a $1.1bn surplus following yearGet our breaking news email, free app or daily news podcastPublic transport fares will be frozen for one year and vehicle registration cut by $100 under New South Wales budget measures designed to provide cost-of-living relief ahead of the upcoming election.In Tuesday’s budget, the last before the March 2027 state poll, the Minns government has made a direct appeal to working families in seats threatened by One Nation and the Coalition, especially in Sydney’s west. Continue reading...

Company wants to sell objects despite agreements to only display them at museums and traveling exhibitionsA plan to auction more than 100 artifacts salvaged from the wreckage of the Titanic – including personal belongings, currency, kitchen items and decor – is facing pushback from the US government, according to newly unsealed court documents.RMS Titanic Inc, the company that owns exclusive salvage rights to the famous wreck deep in the North Atlantic, wants to sell the artifacts for the first time despite previous agreements to only display them at museums and traveling exhibitions. Continue reading...

Greenspan served under the presidencies of Ronald Reagan, George HW Bush, Bill Clinton and George W BushAlan Greenspan, the influential economist who ​steered US ⁠monetary policy ⁠during ​his ‌five ‌terms as chairman ‌of the Federal Reserve ‌under four presidents, ​has died aged 100, ⁠NBC News ​reported ​on ​Monday.In a statement that she shared with the network, Greenspan’s wife, NBC News correspondent Andrea Mitchell, said he died from complications of Parkinson’s disease. Continue reading...

• Indian stock markets trended upward today, with the Sensex gaining 400 points and the Nifty climbing above the 24,100 mark. • All NSE sectoral indices saw growth, led by Nifty IT at 1.09%, followed by Nifty Oil and Gas at 0.75% and Nifty India Defence at 0.67%. • Individual stock performance was highlighted by Kirloskar Oil, which surged by 14%, while Nifty FMCG and PSU Bank recorded the smallest gains of 0.17%.

• Japan achieved a historic milestone by winning their 1,000th game during the 2026 FIFA World Cup. • The tournament continues with a series of high-profile matchups, including Spain against Saudi Arabia and Belgium against Iran. • These fixtures are being broadcast across multiple platforms, including BBC One, iPlayer, and ITV, to reach a global audience.

• The 2026 FIFA World Cup reached a scoring milestone of 100 goals following the Netherlands' 5-1 victory over Sweden in Group F. • Netherlands forward Cody Gakpo scored the 100th goal of the tournament, marking his second goal of the competition. • This milestone occurs as the tournament is nearly one-third complete, with 33 of the scheduled 104 games now finished.

Exclusive: Tourism minister says another likely record year of visitor growth is not a worry amid move to welcome tourists out of season and market less frequented areasSpain is redoubling its efforts to push its tourist appeal beyond the familiar “sun and sand and coast” model as it prepares for another record-breaking year in which the number of foreign visitors could reach 100 million for the first time, the country’s tourism minister has said.Speaking to the Guardian, Jordi Hereu rejected suggestions that Spain was now saturated with tourists but said it had become clear that the “old formulas no longer work”, especially amid growing concerns about overtourism and the effects of the climate emergency. Continue reading...

Two payments of $50m will boost Ukraine’s air defence and munitions supply. Follow today’s news live• Get our breaking news email, free app or daily news podcastGood morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then it’ll be Nick Visser with the main action.Jim Chalmers has defended the government’s changes to its controversial capital gains tax reforms and rejected claims it amounted to a backflip forced by business interests. More follows soon. Continue reading...

• Cyber warfare startup Twenty has successfully closed a $100 million Series B funding round led by Accel. • This latest investment brings the company's total funding to $138 million, providing significant capital to expand its operations. • The funding is critical as the company scales its cybersecurity capabilities to address evolving threats in the cyber warfare landscape.

While officials welcome ceasefire, many people are uncertain it will last – and return to find homes destroyedHours after the US-Iran ceasefire was announced, residents of south Lebanon began to race back to their villages. One man filmed as he drove into the entrance of Harees, his arrival interrupted as the car in front of him suddenly veered off the road. An Israeli armoured vehicle was parked in the middle of the road less than 100 metres ahead; he scrambled to turn around.“It was packed with explosives. I guess they still want to blow things up,” said Abdullah al-Ali, a municipal official in Harees. Ali added that the entrance to the town was blocked off after two other explosive-laden vehicles left by the Israelis were discovered in the area. Continue reading...

• The Sensex surged over 1,100 points and the Nifty approached the 24,000 mark following an announcement by Donald Trump regarding a peace deal between the US and Iran. • Market optimism was driven by the agreement to end the conflict and reopen the Strait of Hormuz, alongside RBI measures designed to attract foreign currency inflows. • This rally continues a positive trend from the previous week, during which the Sensex rose by 1,284.61 points (1.73%) and the Nifty climbed 256.2 points (1%).

Beloved movie critic and arts reporter was known for bushy hair and mustache and affection for groan-inducing punsGene Shalit, a movie critic and arts reporter for the Today show over four decades who was known for his puffy hair, oversized handlebar mustache and affection for groan-inducing puns, has died. He was 100.Shalit’s family announced the death Friday to NBC News, saying in a statement that he “passed away peacefully today after 100 years of an amazing life”. Continue reading...

London, the east of England and the West Midlands have highest number of cases, as UKHSA urges families to get children vaccinatedTwo children in England have died from measles, health officials say, as data shows more than 100 new reported cases in the last fortnight.The UK Health Security Agency (UKHSA) said on Thursday that two children had died this year, one from “acute measles” and the other from the “late effects of measles”. Continue reading...

Peptides join melatonin, cannabis and weight loss medications as priority concerns. Follow today’s news liveGet our breaking news email, free app or daily news podcastGood morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then it will be Nick Visser with the main action.A non-profit organisation that runs a helpline for young people says there is little sign of a dip in cyberbullying or image-based abuse in the six months since teenagers under 16 have been banned from social media. More coming up. Continue reading...

Retailer plans to shut unprofitable stores as shopper numbers at airports fall amid Middle East conflictBusiness live – latest updatesWH Smith has issued a profit warning after shopper numbers at its stores in US airports fell as a result of the war in the Middle East.The retailer, which operates 1,200 outlets globally in airports, railway stations and hospitals, also announced plans to raise about £100m to strengthen its balance sheet, pay down debt, invest in technology and shut down unprofitable stores after “a downturn in trading conditions”. Continue reading...

• The Athletic has released a comprehensive guide detailing 100 essential facts about the 2026 World Cup, covering topics from ticketing and travel to politics and the USMNT. • The guide highlights the massive global scale of the event, noting that the previous tournament in Qatar saw five billion total views and over 300 million viewers per semifinal. • This viewership data positions the World Cup as a premier global spectacle, rivaling the 2024 Paris Olympics in reach and significantly surpassing the scale of the Super Bowl.

• One hundred days after the U.S. and Israel initiated military actions against Iran, civilians across the Middle East are facing severe hardships, including bombings, blackouts, and water shortages. • The conflict has triggered global economic instability, resulting in increased costs for food, transport, and fuel for populations worldwide. • Greenpeace asserts that this crisis is a predictable outcome of global fossil fuel dependency, which allows corporate giants and warring nations to manipulate market prices.

• Indian companies have been pushed out of the top 10 of the MSCI Emerging Markets Index as global capital shifts toward AI-driven stocks. • The index is now dominated by semiconductor chipmakers from Taiwan and South Korea, leading to a decline in the global rankings of Indian giants like Reliance Industries and HDFC Bank. • This shift is significant as India's overall market weight in the index has plummeted to a six-year low, reflecting a pivot in investor preference toward AI infrastructure.

Exclusive: Landscape painter was also a keen musician and played a cello made for him by his friend and mentorHe was one of Britain’s greatest landscape painters, with masterpieces including The Hay Wain and View on the Stour near Dedham But John Constable was also a keen musician – and his personal cello, which he commissioned, is to be played in public for the first time in 100 years after its restoration.The instrument was made in 1802 and it is thought Constable may have played it in a local band in his home village of East Bergholt in Suffolk. Continue reading...

• France and Germany have agreed to abandon the joint development of the Future Combat Air System (FCAS), a next-generation fighter project valued at €100 billion. • The decision follows reports from Reuters and the Financial Times, signaling a significant breakdown in the strategic military cooperation between the two European powers. • Separately, Denmark’s National Audit Office revealed that F-35 fighter jet deliveries will cost $2.2 billion more than originally projected, accusing the government of attempting to conceal the price increase.