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Euro area retail sales rise slightly in May, beat annual expectations

Retail trade volume up 0.2% month-on-month in euro area, 0.5% in EU06 July 2026

Iraq prepares to reopen Syrian land route for oil exports to bypass Gulf

Baghdad plans to export up to 50,000 bpd of crude by tanker trucks to Syria’s Port of Baniyas to reduce reliance on Strait of Hormuz, move experts say could lay groundwork for future pipeline infrastructure and regional cooperation06 July 2026

Lockheed Martin to acquire Ultra Maritime for $3.45B

Acquisition to expand US defense giant’s anti-submarine warfare and undersea capabilities06 July 2026

Germany plans sharp rise in defense spending to $125B in 2027

Merz government’s draft budget calls for nearly one-third increase in military funding as it pushes to meet NATO targets06 July 2026

Microsoft to cut 4,800 jobs, spin off 4 gaming studios

Xbox unit to cut 3,200 jobs through fiscal 2027, including 1,600 roles on Monday06 July 2026

Eurozone investor confidence rises sharply in July

Sentix index climbs 10.3 points to minus 3.1, marking 3rd consecutive monthly improvement06 July 2026

Türkiye’s ports handle nearly 47M tons of cargo in June

Container handling volume reaches 1.2M TEUs at Turkish ports in June, transport minister says06 July 2026

Euro area producer prices rise 5.9% in May, above expectations

Industrial producer prices increase 0.2% month-on-month in both euro area and EU, Eurostat says06 July 2026

Novartis to buy UK biotech Myricx Bio for up to $1.5B

Deal to strengthen Swiss drugmaker's oncology pipeline with next-generation antibody-drug conjugate platform06 July 2026

US investment firm Castlelake nears $7.3B deal to buy easyJet

Proposal values British low-cost carrier at about $7.3B, or $9.20 per share06 July 2026

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