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Rheinmetall and Anduril are collaborating to produce defense systems for Europe as the region increases security spending amid geopolitical tensions. Israel is facing a shortage of defense interceptors, prompting urgent efforts to reinforce its defense capabilities. The ongoing conflict between Israel and Iran has intensified, with recent Israeli attacks on Iranian nuclear sites leading to discussions of U.S. military options and potential sanctions. In the financial sector, the Bank of England is expected to implement modest rate cuts as inflation remains high, while concerns grow over the stability of the U.S. economy amidst declining retail sales and increasing fears of stagflation. The cryptocurrency market has seen significant legislative movement, with the Senate passing a stablecoin bill, marking a crucial win for the digital asset industry.

Rheinmetall, Anduril Team Up to Jointly Produce Defense Systems for Europe wsj.com an hour ago by Adrià Calatayud
The systems will be jointly developed and produced by the two companies, with suppliers and industrial partners throughout Europe as the conti…
Israel Is Running Low on Defensive Interceptors, Official Says wsj.com 2 hours ago by Shelby Holliday
A shortage of Arrow interceptors has set off a scramble to augment Israel’s defenses.
Iranian Exiles Watch Israel’s Attacks With Joy Tainted by Fear wsj.com 5 hours ago by Bertrand Benoit
In Germany, many expatriates welcomed signs the Islamic regime is weakening but doubted Israel’s motives and feared for relatives back home.
Zelensky’s G-7 Visit Is Overshadowed by Trump’s Exit wsj.com 6 hours ago by Kim Mackrael
World leaders had hoped to secure U.S. backing for tougher sanctions on Russia, which struck Ukraine with missiles and drones overnight.
Trump Calls for Iran to ‘Surrender’ as He Weighs Military Action wsj.com 7 hours ago by Michael R. Gordon
The U.S. won’t kill Iran’s Khamenei “at least for now,” the president said, as confrontation over the nuclear program escalates.

Trump calls for Iran’s ‘unconditional surrender’ ft.com 3 hours ago by FT Client Support
US president fuels speculation that America could join Israeli military action
Israel launches new attacks on Tehran ft.com 9 hours ago by FT Client Support
Conflict between the two regional powers enters a sixth day
Could strikes on Iran cause a nuclear disaster? ft.com 4 hours ago by FT Client Support
Israel’s attacks on uranium enrichment facilities have caused localised radioactivity, but contamination appears limited
Iranian state TV anchor becomes a symbol of resistance ft.com 14 hours ago by FT Client Support
Sahar Emami lauded as ‘lioness’ and warrior after she kept broadcasting amid Israeli bombing of state broadcaster
For whom does Trump govern? ft.com 16 hours ago by FT Client Support
The Big Beautiful Bill Act is a classic example of pluto-populism

Trump weighs potential U.S. military strike on Iran, demands ‘unconditional surrender’ cnbc.com 11 hours ago
President Donald Trump warned Iran's leader, Ayatollah Ali Khamenei, that he is an "easy target" and that "our patience is wearing thin."
The Fed is likely to keep rates the same but give a forecast that moves markets. What to expect cnbc.com 9 hours ago
While any movement on interest rates seems improbable, the meeting will feature important signals that still could move markets.
NYC mayoral candidate Brad Lander released after arrest by ICE cnbc.com 10 hours ago
The arrest comes days after police handcuffed U.S. Sen. Alex Padilla after he was forcibly removed from a press conference held by DHS Secreta…
Sam Altman says Meta offered OpenAI staff $100 million bonuses, as Mark Zuckerberg ramps up AI poaching efforts cnbc.com 2 hours ago
While Meta had sought to hire "a lot of people" from OpenAI, "so far none of our best people have decided to take them up on that," Sam Altman…
Japan exports fall at sharpest pace in 8 months as U.S. shipments plummet cnbc.com 3 hours ago
The fall was softer than the 3.8% decline forecasted by economists polled by Reuters, but was a reversal compared to the 2% gain recorded in A…