Deal

Agreement combines Uber Eats with food delivery brands in 99 countries and expands taxi service reachBusiness live – latest updatesUber has reached an agreement to take over the German takeaway company Delivery Hero in a $14.8bn (£11bn, or €12.9bn) deal that would create a global food delivery giant.The US tech firm said it had offered to pay €41.50 a share to Delivery Hero’s shareholders, valuing the business at $14.8bn. Uber will pay $13.7bn after accounting for its previous purchases of a quarter of Delivery Hero’s shares, most recently in May. Continue reading...

• RB Leipzig has set a minimum asking price of £51m (€60m) for winger Antonio Nusa amid reported transfer interest from Arsenal and Liverpool. • In international football, the USA was eliminated from the World Cup last 16 after suffering a 4-1 defeat to Belgium. • Despite Balogun's efforts, the USA failed to achieve their goal of winning two consecutive World Cup knockout matches for the first time.

Treaty came into effect at midnight, eliminating border controls on land frontier with British overseas territoryEurope live – latest updatesSpain and Gibraltar are celebrating the fall of the last frontier fence in western Europe after the signing of a post-Brexit deal that brings an end to border checks for residents, tourists and the thousands of Spanish workers who cross into the British overseas territory every day.The agreement, which was signed in Brussels on Tuesday and came into effect at midnight, marks the conclusion of more than four years of negotiations between the UK, Spain, Gibraltar and the EU after Britain’s departure from the bloc. Continue reading...

• Arsenal FC has reportedly completed a "done deal" for an undisclosed player as the summer transfer window continues. • Manchester United is reportedly arranging a medical for Youri Tielemans, while talks are ongoing regarding Bruno Guimaraes and Julian Alvarez. • Chelsea is open to selling players, with Gazzetta dello Sport reporting that Italian clubs are currently pursuing opportunities to sign from the Blues.

Recent strikes have sent oil prices climbing again, with average gas price per gallon up by 70 cents on last yearInflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics.The consumer price index (CPI), which measures a basket of goods and services, has been elevated since the start of the war, largely because of higher energy prices. After mostly staying under 3% since mid-2024, CPI reached a three-year high of 4.2% in May – up from 2.4% in February. Stripping out volatile energy and food prices, core inflation decreased slightly to 2.6%. Continue reading...

• Several Premier League clubs, including Manchester United, Arsenal, and Liverpool, are actively seeking squad reinforcements as the new season approaches. • Fenerbahce has reportedly reached an agreement in principle with Marseille to sign Mason Greenwood, potentially beating out competition from Saudi Pro League teams. • In other transfer movements, Coventry City is currently planning a move to acquire Norwegian player Patrick Berg.

• Proxima Fusion, a leading European stellarator company founded in 2023, has secured new early-stage funding to advance commercial fusion power plants. • A spin-out from the Max Planck Institute for Plasma Physics, the company is utilizing the QI-HTS stellarator concept and breakthroughs from the Wendelstein 7-X programme. • This investment highlights a broader trend of "big wins" in European deep tech, defence, and agentic AI as of July 13, 2026.

Royal commission on antisemitism and social cohesion hears from professor whose office was occupied by protesters Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA Jewish professor has told the royal commission into antisemitism the University of Melbourne needs to show it doesn’t “tolerate misbehaviour” after the expulsion of two pro-Palestine student activists who occupied his office was overturned.Steven Prawer, a professor of physics, said on Tuesday that he had not known at the time if it was a “terrorist attack”. Continue reading...

• Senator Lindsey Graham established himself as a critical dealmaker in Congress, frequently negotiating with both Democrats and fellow Republicans to resolve complex legislative issues. • His career is marked by a dramatic political shift, moving from a harsh critic of Donald Trump during the 2016 election to a staunch supporter and key ally. • Graham played pivotal roles in high-stakes events, including the failed Senate Republican effort to repeal the Affordable Care Act and attempts to challenge Joe Biden's 2020 election victory.

Kathleen Williams sanctions president’s lawyers and says $10bn suit against IRS was brought for ‘improper purpose’A federal judge on Monday nullified an agreement the government reached with Donald Trump and his sons over the leak of his tax returns. The judge lambasted the government and president’s lawyers for using the judicial process to try to concoct a beneficial arrangement for the president.The ruling from US district judge Kathleen Williams in the southern district of Florida blocks a widely criticized arrangement the government and the president’s attorneys reached earlier this year to resolve a $10bn lawsuit by Trump and his sons over the leak of the president’s tax returns. The government never responded to the lawsuit and then announced it was settling the suit by creating a $1.8bn slush fund to compensate victims of “government weaponization” and giving the president, his family, and related entities immunity from tax audits. Continue reading...

• More than 70 European tech funding deals were tracked last week, totaling over €2.8 billion in capital, alongside five exits and M&A transactions. • Notable investments include €19.2M for Belgium's e-peas, €18M for Germany's Stenon, €18M for the Netherlands' Protein Brewery, and $18M for Spain's Sherpa.ai. • The UK's AI robotics group Dogtooth also secured £14M, highlighting a strong regional focus on energy harvesting, AI development, and robotics.

• Rakuten TV has expanded its FAST (Free Ad-supported Streaming TV) platform by adding 20 new free streaming channels through a major deal with Sony Pictures. • Viewers across Europe can now access a wide range of hit series, including popular titles such as Seinfeld, Breaking Bad, and The Nanny. • This partnership signifies a strategic growth phase for Rakuten TV as it seeks to increase its content library and attract more users in the European market.

Roaming charges also scrapped and trading terms continue for medicines, cars, art, jewellery and other goodsBritish nationals can expect shorter passport queues at Swiss airports and border crossings after a £5.2bn trade deal was sealed by Keir Starmer, likely his last big international agreement as prime minister.As part of the deal they will be able to use e-gates from later this year, starting with exit checks at Zurich airport and with Basel and Geneva, a leading airport for business and winter sports travel, to follow next year. Continue reading...

Senator played major role in critical negotiations with Democrats and members of his own party on key issuesWhen Democrats and Republicans were earlier this year locked in a standoff that had plunged the Department of Homeland Security (DHS) into the longest partial government shutdown in US history, news of a path forward emerged in the form of a statement from Republican senator Lindsey Graham.By announcing that the budget committee he chairs would set to work on a measure to fund the agencies leading Donald Trump’s mass deportation campaign for the remainder of his presidency, Graham played a major role in rallying the GOP behind a plan that reopened DHS. Continue reading...

• The Mirror is reporting the latest Premier League transfer rumors, including a collapsed Manchester United deal and Bruno Guimaraes reportedly agreeing to terms with Arsenal. • Other key developments include a potential £80 million move involving Liverpool, alongside ongoing activity from Chelsea. • These transfer movements coincide with the World Cup quarter-finals, specifically the high-profile clash between Spain and Belgium taking place this evening.

• Barisan Nasional (BN) is projected to maintain and potentially expand its control over Johor following an unofficial vote count. • The Pakatan Harapan (PH) coalition faces significant losses, largely attributed to a low voter turnout in key Democratic Action Party (DAP) strongholds. • This outcome is critical as it reinforces BN's political dominance in the region and weakens PH's influence in the state.

• Global deal-making has surged to $3.2 trillion in the first six months of the year, marking the highest spending period in a decade. • The boom is primarily driven by the AI economy, with 44 massive deals exceeding $10 billion, including both corporate takeovers and private market fund-raising. • This trend highlights a significant concentration of wealth and power among large companies capable of financing high-cost AI infrastructure and acquisitions.

• Global stock markets dropped over 2% following President Trump's decision to call off a truce deal with Iran. • The geopolitical tension triggered a 6% surge in crude oil prices and caused the India VIX volatility indicator to skyrocket by 26%. • In Asia, South Korea's market fell 5% for a second consecutive day due to AI rally concerns, while Japan's Nikkei 225 declined 2% and Taiwan's TAIEX rose 0.6%.

• AC Milan owner Gerry Cardinale is reportedly keen to sign Liverpool defender Virgil van Dijk this summer. • The 34-year-old Dutchman is said to be open to hearing an offer from the Italian club, according to Gazzetto dello Sport. • This potential move is significant as Van Dijk is a cornerstone of Liverpool's defense, despite his current contract extending to 2025.

• The FTSE 100 index experienced a decline following a statement from U.S. President Donald Trump declaring that the Iran nuclear deal is "over." • This market downturn reflects investor anxiety over geopolitical instability and the potential for renewed tensions in the Middle East. • The shift in U.S. policy creates significant economic uncertainty, impacting global stock markets and trade expectations.

• London’s FTSE 100 and 250 indexes both dropped by over 1% following President Trump's decision to end the Iran nuclear deal. • The market decline was driven by investor fears regarding escalating Middle East tensions and the potential for significantly higher oil prices. • While the broader indexes fell, energy stocks saw gains as a result of the geopolitical instability.

Ahead of Modi’s Marvel Stadium event, Anthony Albanese credits Indian PM’s ‘leadership and personal engagement with Australia’ for strength of bilateral relationshipFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAnthony Albanese is poised to sign a major uranium deal with India, praising counterpart Narendra Modi and the nation’s diaspora for deepening economic ties.It could end more than a decade of delays to regular shipments of the fuel despite the two countries signing a historic nuclear cooperation pact. Continue reading...

• The U.S. military launched new strikes against Iran on Wednesday to ensure the critical Strait of Hormuz remains open to maritime traffic. • These military actions occurred shortly after President Donald Trump announced that an interim agreement intended to end the war with Iran had officially ended. • The escalation highlights a significant breakdown in diplomatic efforts and increases the risk of direct conflict between the two nations in a strategically vital waterway.

• Prime Minister Narendra Modi's visit to Jakarta resulted in several strategic agreements, including a deal for BrahMos missiles and a pact regarding Sabang Port. • Indonesia will also adopt India's Electronic Voting Machines (EVMs), joining other nations like Bhutan, Nepal, and Namibia in using the technology. • These deals signify a deepening of Indo-Pacific ties and reflect growing international confidence in India's election technology and defense capabilities.

• Netflix is expanding its content library by partnering with major digital publishers, including Variety, Rolling Stone, BuzzFeed Studios, Condé Nast, and Hearst Magazines. • The collaboration will introduce shorter-form video content, ranging from 2 to 20 minutes in length, to the streaming platform. • This move follows Netflix's recent diversification into live events, video games, and video podcasts to broaden its entertainment offerings.

• Manchester United have proactively started their summer transfer business by agreeing to a £35 million deal with Atalanta to sign midfielder Ederson. • The transfer is expected to be officially confirmed shortly after Brazil's exit from the World Cup following their match against Norway. • Manager Michael Carrick is seeking to strengthen the squad through a 7-man shortlist and potential targets like Alex Scott to prepare for the club's return to the Champions League.

• Juventus is reportedly considering a move to sign defender John Stones this summer, according to Sky Italy. • Stones is currently participating in the World Cup but is a free agent after his contract with Manchester City expired. • The move is significant as Stones has been a pivotal figure in Manchester City's recent domestic and international success.

• Several startups have secured fresh capital, including Econovus Packaging, Mowito, and Blurgs AI, the latter of which focused on deeptech funding. • The startup ecosystem saw strategic consolidation with Hydron completing a new acquisition to expand its market presence. • These developments highlight a continued trend of investment in AI and deeptech sectors alongside critical leadership transitions.