Britain’s presumptive next PM Andy Burnham is choosing his chancellor. His pick will become the face of his economic vision — and the person who takes the blame for any failures in turning things around.
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UK MORTGAGE APPROVALS PLUMMETED IN MAY AS THE RUSH TO SECURE LOANS BEFORE EXPECTED INTEREST RATE RISES SLOWED DOWN.
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Global central banks say crypto stablecoins are reinforcing the dominance of the U.S. dollar rather than replacing traditional fiat currencies, as most leading stablecoins are backed by dollar-denominated assets and pegged to the U.S. dollar.

Officials note that the growing adoption of stablecoins increases global demand for U.S. Treasuries and other dollar assets, further strengthening the dollar's role in international payments and finance.

While stablecoins improve the speed and efficiency of digital transactions, central banks emphasize they still rely on the credibility and stability of existing fiat currencies instead of operating independently.

As a result, regulators view stablecoins as a complement to the current financial system rather than a true alternative to sovereign currencies, while continuing to develop regulations to manage associated financial and systemic risks.
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FED WARSH TO ANNOUNCE MORE TASK FORCE DETAILS IN COMING WEEKS: NYT
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EIB AND AIRBUS: SIGNED AN INITIAL €1 BILLION LOAN AS A FIRST TRANCHE OF A €3 BILLION ENVELOPE
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FARS NEWS AGENCY: NAVIGATION IN HORMUZ WITNESSES A DECLINE WITH U.S. AGGRESSIVE MEASURES, AND CROSSING OPERATIONS ARE CONDUCTED VIA THE IRANIAN PASSAGE
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LULA HAS 47%, FLAVIO 44% IN 2ND ROUND- BTG PACTUAL/NEXUS
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Venezuela quake death toll nears 1,500 as rescue work goes on
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IRAN DEPUTY FOREIGN MINISTER GHARIBABADI: TECHNICAL WORKING GROUP MEETINGS ARE NOT SCHEDULED FOR THIS WEEK
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Citi: De Facto LPR Cut On July 20 Looks Increasingly Likely

PBOC Overnight Rate Move Points To Likely July Cut
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IRAN SAYS VENUE OF TALKS WITH US IN DOHA NOT CONFIRMED
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SPOT SILVER FALLS NEARLY 3% TO $57.39/OZ
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COMCAST ANNOUNCES PLANS TO SEPARATE MEDIA & TECHNOLOGY UNITS
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COMCAST RISES 16% ON MEDIA & TECHNOLOGY UNITS SEPARATION PLAN
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COMCAST TO SUSPEND SHARE BUYBACK PROGRAM
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VERIZON EXPECTS TO RECORD LOSS OF ABOUT $700M TO $800M IN 2Q
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VERIZON - EXPECTS Q2 2026 LOSS OF $700 MLN TO $800 MLN || EXPECTS Q2 2026 SEVERANCE CHARGE OF $350 MLN TO $450 MLN || EXPECTS Q2 2026 ASSET RATIONALIZATION CHARGES OF $200 MLN TO $300 MLN - SEC FILING
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UK BURNHAM: WE NEED A NEW DETERMINATION TO RAISE LIVING STANDARDS
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BURNHAM: WE CAN'T GO THROUGH ANOTHER DECADE LIKE THE ONE WE HAD
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BURNHAM:I AM GOING TO TAKE POWER OUT OF CENTER
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BURNHAM: INTEND TO GIVE BRITAIN THE "CIRCUIT BREAKER" IT NEEDS
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