Global Economic Intelligence
Corporate earnings, M&A, IPOs, and business developments from the United Kingdom.
🇬🇧 Trump says the deal to advance his 20-point peace plan will be rolled out in “carefully structured phases”, but did not announce a timeline as to when the process may be completed. Source: euronews Country: United Kingdom
🇬🇧 Operating profit at Samsung’s semiconductor division rose to more than 220 times its year-earlier level. However, the company warned that memory chip shortages could worsen next year as AI infrastructure expands rapidly. Source: euronews Country: United Kingdom
🇬🇧 Dharmendra Pradhan announced his resignation in a post on X, handing a major victory to the youth movement that spearheaded nationwide demonstrations, sit-ins and hunger strikes. Source: euronews Country: United Kingdom
🇬🇧 Russia says Ukrainian drone strikes hit Wildberries warehouses for the second time in a week, with drone strikes reportedly triggering major fires and disrupting one of the country’s largest e-commerce logistics networks. Source: euronews Country: United Kingdom
🇬🇧 Intensifying fighting between the United States and Iran has largely halted traffic through the Strait of Hormuz, driving the price of Brent crude to $90 a barrel. Source: euronews Country: United Kingdom
Outgoing PM Yuliia Svyrydenko said she was proud of her work in office and that she remained “ready to serve the Ukrainian state.” Source: euronews Country: United Kingdom
Artificial intelligence (AI) is often discussed for its potential threats to humanity. But humanitarian organisations are using it to predict hunger, map destruction and deliver aid without sending people into danger. Source: euronews Country: United Kingdom
Euronews journalists in the Gulf report explosions above Doha, air defence in action in UAE and Bahrain hours after the US announced it was conducting renewed strikes in Iran in response to new Iranian military action in the Strait of Hormuz. Source: euronews Country: United Kingdom
A spokesperson for OpenAI said in a statement: “We have no interest in other companies’ trade secrets.” Source: euronews Country: United Kingdom
Ukraine woke to fresh destruction on 11 July after Russia launched overnight strikes on Kyiv, leaving at least 10 people injured, including a child, according to Ukrainian officials. Source: euronews Country: United Kingdom