Deal

• Liverpool have entered talks with Andoni Iraola, who has reportedly agreed to a two-year deal to replace manager Arne Slot following Slot's dismissal last weekend. • Young talent Rio Ngumoha joined England's senior squad in Florida on Tuesday to train under Thomas Tuchel. • Ngumoha is part of a group of English youth players providing training support while senior stars recover from recent Champions League and Conference League finals.

• Arsenal FC is reportedly interested in bringing Argentine striker Julian Alvarez back to the Premier League from Spain. • Alvarez previously played for Manchester City, who originally signed him in a deal valued at approximately £81 million. • This potential move highlights Arsenal's strategy to bolster their attacking options during the current summer transfer window.

• The U.S. Trade Representative (USTR) is considering imposing additional tariffs of 12.5% on India and 53 other nations as part of a Section 301 investigation. • In response to these potential duties, India is seeking to resolve the dispute through strategic trade negotiations and agreements. • This move comes amid broader economic tensions and the potential for increased protectionism under a possible second Trump administration.

• The "Geneva fiasco" highlights the risks of replacing professional diplomats with business dealmakers who misinterpret diplomatic compromise as weakness. • This shift in approach transformed a negotiable crisis into an active conflict with Iran, undermining traditional diplomatic strategies. • The situation signals a broader geopolitical decline in American diplomacy, which has historically relied on credibility, predictability, and professional competence.

The US said the ceasefire was contingent on a complete cessation of fire from the Iran-aligned Hezbollah militiaIsrael and Lebanon have agreed to implement a ceasefire to end hostilities, the Trump administration has announced, as the US looks to overcome one of the largest barriers to reaching a broader deal to end the war with Iran.The Israel-Lebanon ceasefire is contingent on a complete cessation of fire from the Iran-aligned Hezbollah militia and the evacuation of all its operatives from the country’s south, a joint statement released by the US state department said after negotiations in Washington. Continue reading...

Non-binding agreement to start building vehicles in 2027 would safeguard jobs at UK’s largest car factoryNissan has agreed to look at building cars in northern England for Chinese manufacturer Chery, in a move that would secure jobs at the UK’s largest car factory.The Japanese carmaker on Wednesday said it had signed a non-binding agreement and that discussions were ongoing over contract manufacturing by Nissan for Chery, which is part-owned by the Chinese state. Continue reading...

• Global markets rallied, with Euronext Dublin rising 1.2%, driven by renewed optimism regarding a potential peace deal between the US and Iran. • Budget airline Ryanair saw its shares climb 1.2% to €24.70, while Glanbia also recorded gains amid the positive market sentiment. • The surge reflects investor confidence that a breakthrough in Middle East peace talks will stabilize geopolitical tensions and boost travel and trade.

Prime minister under pressure to show his campaigns against Hamas, Hezbollah and Iran have brought results as he faces elections with his political survival at riskIf there is to be a peace deal between United States and Iran, it will have to go through a familiar obstacle: Benjamin Netanyahu. Israel’s military operations in Lebanon have become a sticking point in the talks for a potential opening of the strait of Hormuz – once again testing the volatile alliance between Donald Trump and Netanyahu.This time, the Israeli prime minister is under exceptional pressure to show that his campaigns against Hamas, Hezbollah and Iran have brought results as he faces elections with his political survival at risk. Continue reading...

• The European Union has approved an overhaul of its migration policy focused on increasing deportations and establishing detention centers in non-EU countries. • At least five nations, including Germany, Austria, the Netherlands, Denmark, and Greece, are currently negotiating "return hubs" in Africa based on Italy's existing model with Albania. • The policy allows member states to form bilateral agreements with third countries to host these centers, a move critics have compared to the Trump administration's immigration strategies.

Secretary of state appears before Congress and repeats Trump administration’s claims that a deal is within reachIran has agreed to negotiate aspects of its nuclear program that it had refused to discuss even a month ago, the US secretary of state, Marco Rubio, has claimed, even as Tehran announced it was halting peace talks and moving to fully close the strait of Hormuz.Appearing before the Senate foreign relations committee for the first time since the Trump administration launched the war against Iran – which was pitched as a short, weeks-long war, in February – Rubio repeated the Trump administration’s claims that a deal was within reach. Continue reading...

• Dow Jones reported that Wingman Growth Partners raised $215 million for a fund aimed at software-related deals. • The headline points to continued private-equity activity in technology and software, even as public markets remain sensitive to rate and growth signals. • A fundraise of this size suggests investors still see opportunity in software consolidation and specialized buyout strategies.

• Focused Energy, a German-American fusion energy spin-off from Technical University Darmstadt, raised $240 million in a Series A funding round on May 27, 2026. • The investment was led by RWE, the Federal Agency for Breakthrough Innovation (SPRIND), the European Innovation Council Fund, and Prime Movers Lab. • The company develops laser-based fusion technology aimed at creating a clean, safe, and virtually inexhaustible industrial energy source.

• U.S. stock index futures rose on Sunday evening as investor optimism grew regarding a potential peace agreement between the United States and Iran. • The market surge is driven by ongoing diplomatic discussions aimed at resolving tensions between the two nations. • This development matters as geopolitical stability between the U.S. and Iran typically reduces market volatility and influences global energy prices.

Former frontbencher launches most significant internal criticism of $368bn Aukus deal since ALP national conference in 2023Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia needs a backup plan for the Aukus submarine agreement, Labor MP Ed Husic has warned, arguing sluggish American production and the “transactional nature” of the Trump administration have put the multi-billion-dollar defence deal at risk.The defence minister, Richard Marles, this week agreed to US requests for Australia to accept three second-hand Virginia-class nuclear submarines, rather than a combination of new and old vessels. Continue reading...

• India's stock trading value reached a record high as passive funds executed massive trades to align portfolios with revised MSCI index weightings. • The surge was driven by portfolio adjustments, though local equities slumped 1.5% during the final hour of trading on Friday as the changes took effect. • This volatility highlights the significant influence of global benchmark indices on the liquidity and price movements of the Indian stock market.

Exclusive: MP and campaigners say sensitive citizen and company data could be subject to US disclosure lawsThe UK’s financial watchdog is being urged to prove its relationship with the US tech company Palantir will not provide the Trump administration with backdoor access to troves of sensitive citizen and commercial data.A US law that can oblige tech companies to disclose information to American authorities may apply to Palantir’s deal to help the Financial Conduct Authority detect crime, Martin Wrigley MP, a member of the House of Commons science and technology select committee, has warned. Continue reading...

• South Korea's Kospi index reached a record high on Monday, bolstered by a more than 3% surge in Samsung shares, which also hit an all-time high. • The rally occurred despite mixed trading across Asia-Pacific markets as investors reacted to ongoing uncertainty regarding U.S.-Iran negotiations. • President Trump signaled a cautious approach to ending the conflict, stating he was in "no hurry" to strike a deal after four months of tension.

• On May 29, 2026, Tehran announced that a ceasefire agreement with the United States has not yet been reached amidst ongoing conflict. • The updates follow a series of military engagements involving the US-Israel war on Iran and continued Israeli attacks on Lebanon. • This stalemate highlights the persistent diplomatic tension and the difficulty of securing a peace deal despite escalating regional violence.

• Global stock markets rose on Friday as investors reacted positively to hopes of a diplomatic breakthrough between the U.S. and Iran. • Oil prices declined, trending toward a weekly loss, as traders anticipated a potential ceasefire extension and the reopening of the Strait of Hormuz. • The market shift reflects a pivot toward risk-on sentiment, further supported by weekly inflows into U.S. equity funds driven by a rally in tech stocks.

Sobering reality for president after three-month odyssey that threatens to take him back to where he startedAfter the hubristic beginnings came the reality.The road travelled since the most momentous foreign policy decision of his presidency seems to have delivered Donald Trump to a sobering destination: that Iran has been the nemesis of several US presidents before him for a reason and is an adversary not to be taken lightly. Continue reading...

• The author argues that the current AI competition between the US and China lacks necessary guardrails, creating a dangerous geopolitical dynamic similar to an unregulated nuclear arms race. • Proposed measures for a bilateral deal include establishing hotlines for AI incidents, implementing safety practice audits, and agreeing on shared red lines for capability thresholds. • Such an agreement is critical to reducing the risk of strategic miscalculations and providing a stable environment for policymakers to address cybersecurity and bio-nuclear security.

• Stock markets in Japan and South Korea reached record highs following reports of potential deal hopes between the US and Iran. • Other regional markets showed mixed results, with Hong Kong's Hang Seng rising 0.9% to 25,222.38 and Australia's S&P/ASX 200 climbing 1.6% to 8,731.70. • In contrast, the Shanghai Composite index declined by 0.9% to 4,063.56, while Taiwan's Taiex saw a significant increase of 2.5%.

Tehran denies deal has been reached that would open strait of Hormuz and eliminate country’s nuclear programme Donald Trump has claimed he could approve an Iran peace deal on Friday that contains major concessions from Tehran, including the opening of the strait of Hormuz and the elimination of the country’s nuclear programme. However, top Iranian officials signalled a final agreement had not been reached.The two versions indicate Trump may once again be practising his “art of the deal” as he seeks to talk his way out of a war that has disrupted global energy supplies and rocked the world economy. Continue reading...

• Asian stock markets surged, with exchanges in Tokyo, Seoul, and Taipei rising by more than 2% following hopes of a US-Iran ceasefire deal. • Crude oil prices declined, with the West Texas Intermediate benchmark falling below $88 a barrel. • The market optimism follows a positive trend on Wall Street, despite reports of lower first-quarter economic growth and April inflation reaching its highest level since 2023.

UK’s third biggest supermarket will use tech of online grocer, which already provides support for M&S and MorrisonsAsda has agreed a deal to use Ocado’s technology to run its online grocery store and home deliveries from next year.Ocado software will be used to support Asda’s grocery website and deliveries from its stores and “dark stores” – smaller warehouses that are not open to the public – from early 2027, the companies announced on Friday. Continue reading...

Commodity poised for one of biggest monthly declines, while global stock markets rallyBusiness live – latest updatesOil prices fell on Friday as investors hoped for the end of the US-Israel war on Iran, leaving the commodity poised for one of the biggest monthly declines ever.The price of Brent crude futures, the global benchmark, fell by 1.3% to $91.54. Brent is heading towards one of its biggest monthly drops ever as it nears a fall of 17% since the start of May. Continue reading...

• Asian stock markets saw significant gains, with the South Korean Kospi surging 3.6%, the Japanese Nikkei rising 2.65%, and Hong Kong’s Hang Seng increasing by 0.9%. • The market rally coincided with a dip in oil prices, driven by investor optimism regarding a potential peace deal between the United States and Iran. • This shift reflects a reduction in geopolitical tension, which typically lowers risk aversion and boosts investor confidence in global equities.

• Asia-Pacific stock markets rose as investors balanced concerns over Iranian military activity with optimism regarding a potential temporary U.S.-Iran ceasefire deal. • Key gains were seen across the region, with South Korea's Kospi jumping 2.68%, Japan's Nikkei 225 rising 0.88%, and Australia's S&P/ASX 200 increasing by 0.72%. • The market movement reflects a cautious but positive sentiment, as hopes for diplomatic resolution currently outweigh the risks posed by geopolitical tensions.