Confident

• The euro zone economy grew faster than anticipated in the last quarter, driven by increased investment in artificial intelligence, robust government spending, and confident consumers. • Key regional performers included Spain, which grew by 0.7% (beating the 0.6% forecast), and the Netherlands, which expanded by 0.4%, double the expected rate. • Major economies including Germany, France, and Italy each recorded a quarterly growth rate of 0.2%.

• The Dow Jones Industrial Average reached new highs on Tuesday as investors extended a "risk-on" rally leading into the Independence Day 2026 holiday. • Technology stocks drove the growth, with chipmakers reporting their strongest three-month gains on record to close out the second quarter. • The rally was supported by new survey data indicating that consumers are recovering from previous energy shocks and feeling more confident about the broader economy.

Mark Rutte stressed need for military investment ahead of long-awaited UK funding announcement on TuesdayNato’s secretary general has said he is confident Andy Burnham will stick to the alliance’s long-term spending commitments, and that the man expected to be the UK’s next prime minister would recognise that rearmament can spur economic growth.During a visit to London, Mark Rutte said he did not expect the UK to meet an alliance target to spend 3.5% of GDP on defence by 2035 “in one big step” when its long-delayed defence investment plan was published on Tuesday. Continue reading...

Spending watchdog says high-speed rail project must be put on stable footing to avoid repeat of costly past failuresRevised plans for HS2 should not be put into action until the government is confident they can be delivered, according to the public spending watchdog.The project to build the high-speed railway must be put on a stable footing to avoid a repeat of past failures, the National Audit Office (NAO) said in a report. Continue reading...

Some Labour MPs still want former mayor to face the ‘scrutiny’ of ideas through a contested leadership contestUK politics live – latest updatesAllies of Andy Burnham are increasingly confident of a coronation-style transfer of power after the number of MPs backing his planned leadership bid surged following his byelection victory.Burnham and his team are understood to have spent the last few days enlisting the support of MPs and ministers, as he prepares to challenge Keir Starmer in the coming weeks. Continue reading...

International firm owns up to breach of ethics after staff leaked confidential Optus information while bidding for telco contractKPMG has admitted to another breach of ethics after its staff leaked Optus’ confidential information to colleagues bidding for an audit contract with Telstra.The consulting firm’s executives also surveilled a whistleblower’s laptop and dismissed the individual as someone with “workplace grievances”, a parliamentary inquiry heard on Friday. Continue reading...

ChatGPT maker expected to be valued at more than $850bn, one of most highly valued listings in market historyOpenAI has filed confidentially to go public on the US stock market, according to a company blogpost published on Monday. The artificial intelligence giant’s debut on Wall Street is expected to be one of the most highly valued listings in market history with a valuation at more than $850bn.“We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it,” the company’s post reads. “We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.” Continue reading...