North America:

  • Boeing secures a $2.8 billion contract from the U.S. Space Force for the Evolved Strategic Satellite Communications program.
  • Tesla sees a 12% rise in UK sales in June due to increased demand for electric vehicles.
  • GE Aerospace resumes shipping jet engines to China's COMAC after the US Department of Commerce lifts restrictions.
  • Nvidia surpasses Apple to become the world's most valuable company by market capitalization.
  • Exxon Mobil relinquishes 2,534 square kilometers of the Stabroek Block in Guyana back to the government.
  • Yum! Brands negotiates a merger between its Indian franchisees, Devyani International and Sapphire Foods.
  • TSX Composite Index in Canada reaches a record closing high due to gains in financial and technology shares.

Europe:

  • AstraZeneca and Summit Therapeutics discuss a potential $15 billion partnership focused on a lung-cancer drug.
  • Air France-KLM plans to acquire a majority 60.5% stake in SAS amidst ongoing strikes and disruptions.
  • Stellantis launches a new hybrid Fiat 500 priced at 17,000 euros and recalls up to 930,000 diesel cars across Europe.
  • Alstom Spain surpasses financial expectations for 2024/2025 with significant new orders, including a 2 billion euro contract from the New York Metropolitan Transportation Authority.
  • Commerzbank supervisory board member urges UniCredit's CEO to sell shares and halt merger discussions.
  • IAR Systems experiences a stock price surge following a recommended takeover bid from Qt Company.
  • Aurelia Srl sells put options and shares of Mediobanca amidst Monte dei Paschi di Siena's acquisition bid.

Rest of the world:

  • AGL Energy purchases South Australia's Virtual Power Plant from Tesla to promote a green energy transition.
  • Singapore's Monetary Authority imposes penalties totaling S$27.45 million on nine financial institutions for anti-money-laundering breaches.
  • Goodman Group establishes a $2.7 billion investment consortium focused on developing data centre businesses in Hong Kong.
  • HDFC Bank experiences a higher growth rate in deposits compared to its loan growth in the first quarter.