- The Bank of Japan kept interest rates steady and decided to decelerate the pace of its balance sheet drawdown next year, signaling its preference to move cautiously in removing remnants of its massive, decade-long stimulus.
- Federal Reserve policymakers will begin a two-day meeting with escalating tensions in the Middle East risking a new commodity price shock and fresh US data is expected to show a drop in retail sales and sluggish factory output in May.
- Thames Water, which supplies water and sewage services to 16 million customers in southern England, is loaded with debt and struggling to survive. For the latest news on ESG trends affecting companies and governments, sign up for the Reuters Sustainable Switch newsletter.
- Prominent podcasters like Joe Rogan are playing a bigger role in news dissemination in the US, as are AI chatbots, contributing to the further erosion of traditional media, according to the Reuters Institute for the Study of Journalism's annual Digital News Report.
- ChatGPT maker OpenAI was awarded a $200 million contract to provide the US Defense Department with artificial intelligence tools, the Pentagon said.
- Trump signed an agreement formally lowering some tariffs on imports from Britain as the countries continue working toward a formal trade deal.
- Stocks fell, while oil and gold rose, as fighting between Israel and Iran entered a fifth day, raising investor concerns over the risk of a broader regional conflict in a week packed with key central bank decisions. For more, watch our daily rundown on financial markets.
- US lawmakers endorsed digital tokens backed by dollars like Tether and USDC, collectively worth $250 billion. In this episode of The Big View podcast, banks analyst and author Dan Davies explains the risks of mingling supposedly solid crypto assets with the regulated banking system.
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