- China surprised markets by cutting major short and long-term interest rates, its first such broad move since August last year, signaling intent to boost growth in the world's second-largest economy just days after a Communist Party leadership meeting.
- Semiconductors and other restricted goods shipped through China and Hong Kong to fuel Russia's war effort fell by a fifth this year previously undisclosed US Commerce Department data shows, but Hong Kong remains a global sanctions evasion hotspot.
- Nvidia is working on a version of its new flagship AI chips for the China market that would be compatible with current US export controls, three sources familiar with the matter said.
- Aviation leaders will meet at the Farnborough Airshow outside London this week as the industry struggles with supply chain disruptions, aircraft delays and floundering plans to reduce carbon emissions.
- Europe's biggest banks report their second-quarter earnings this week, with all eyes on whether the gains from higher interest rates have run out of steam and if recent political drama is weighing on sentiment.
- General Motors and Ford may post lower profit when they report quarterly results, as the industry's high-stakes bet on EVs fails to pay off, while a cyberattack on a crucial computer network used by dealerships disrupted sales. For more on the industry, sign up to the Auto File newsletter.
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