25 June – 29 June

25 June

Stocks were broadly lower in Asia-Pacific trading after the latest signs of trade hostility between China and the US.

The Trump administration has decided to restrict Chinese investment in US companies and start-ups in sectors from aerospace to robotics as it prepares to deploy its latest weapon in the escalating trade war with Beijing.

Japan is facing international pressure to reduce its 47-tonne stockpile of plutonium, ahead of the expiry of a civil nuclear treatywith the US.

AT&T is stepping up its effort to challenge its big tech rivals with the acquisition of AppNexus, an advertising technology company that will allow the US telecom and media giant to win a bigger slice of the global online advertising market.

26 June

Andreessen Horowitz has become the first venture capital firm to raise a large fund focused on cryptocurrencies, as start-up investors search for ways to join a boom that has threatened to pass the traditional VC world by.

The US drugs regulator has approved the first cannabis-derived medicine for the American market.

The pharmaceutical industry has failed to seriously commit to the fight against drug-resistant superbugs, Jim O’Neill said on Tuesday, as he called for a new tax on drug sales.

One of China’s leading stock indices has slipped into bear market territory, underlining the pressure that escalating trade tensions and a slowing economy are exerting on the country’s biggest companies.

27 June

Wall Street bounced on Tuesday as a rally in crude prices helped bolster energy shares and offset trade concerns that had pushed the S&P and Nasdaq to their worst day in more than two months on Monday.

Emerging market assets sustained a fresh blow on Wednesday, with mounting concern over the escalation in the Washington-led global trade battle.

General Electric shares were on course for their best day in more than three years on Tuesday after the industrial conglomerate said it will spin off its healthcare division and its stake in oil services company Baker Hughes.

Uber will be able to continue to operate in London, its biggest European market, after a court granted the ride-hailing app a new 15-month licence

28 June

India’s economic vulnerabilities have been brought to the fore, as higher oil prices and the threat of a global trade war have sent the rupee tumbling to its lowest ever level against the dollar.

The collapse of the Argentine peso and the government’s struggle to tackle soaring inflation are causing disquiet among companies developing Vaca Muerta, one of the world’s largest deposits of shale oil and gas.

British car production rose 1.3 per cent in May as rising demand at home offset a small drop in exports.

Chipotle executives warned investors of some short-term hiccups — including the closure of up to 60 underperforming stores and a restructuring charge of as much as $135m — as the fast-casual burrito chain tries to transform into a leaner, meaner company under its new chief executive, Brian Niccol.

29 June

The “Albiceleste”, as the Argentine national football team is known, might have advanced to the next stage of the World Cup, but the scorecard is not looking good for the Argentine peso.

The rally for US crude prices is showing no signs of letting up, with a key benchmark touching its highest point since November 2014 on Thursday.

US buyout firm Carlyle is in exclusive talks to acquire a majority stake in Codorníu, Spain’s oldest maker of sparkling wine, in a deal that values the family-controlled company at €390m ($452m), two people familiar with the negotiations said.

Bird Rides has closed a $300m funding round led by Silicon Valley investors including Sequoia and Accel, as the electric scooter start-up seeks to fuel its expansion outside the US.