Britain's 'King of the North' takes the reins

Reuters Daily Briefing <dailybriefing@thomsonreuters.com>
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2026-07-20 12:59

Daily Briefing

By Claire Beers

Hello. Britain welcomes its seventh prime minister in a decade, Iran says two oil tankers in the Strait of Hormuz have exploded and the FDA says the cyclospora parasite finding was a false positive.

Plus, Spain's World Cup triumph alongside boo's for Trump and Infantino.

Today's Top News

Andy Burnham speaks at 'Labour's Special Conference' in London, Britain. REUTERS/ Henry Nicholls

"The King of the North," Andy Burnham, becomes Britain's seventh prime minister in a decade on Monday, promising to "rewire" the nation to focus more clearly on issues ‌people care about, such as a cost-of-living crisis and poorly performing services. The Reuters World News podcast has more.
US forces hit Iran for a ninth consecutive day as concerns grew over shipping through the Strait of Hormuz after Iran said ‌two oil tankers had exploded and been immobilized.
Boos descended from the stands as US President Donald Trump and FIFA ‌chief Gianni Infantino took to the field for the World Cup trophy ceremony at New York New Jersey stadium. Spain beat defending champions Argentina 1-0 to win ⁠the title.
India's youth-led Cockroach Janta Party movement said that two of its leaders would meet a senior federal minister on Monday for ‌talks as thousands of supporters gathered in Delhi to march on parliament despite a police ban.
The US Food and Drug Administration said that laboratory experts re-checked lettuce sample results from Taylor Farms in an ‌investigation into an outbreak of the cyclospora parasite and concluded the finding should be considered a false positive.
The mayor of a small Japanese city became the first sitting mayor in the country to take maternity leave, a decision that ‌has drawn some criticism at home and attracted international media attention.

Business & Markets

Lee Seung-ho, a university student and investor, looks at a stock trading platform after an interview with Reuters in Seoul, South Korea. REUTERS/Kim Hong-Ji

Violent swings in South Korean stocks triggered a cascade of forced liquidations, wiping out entire gains for some investors. University student Lee Seung-ho said within weeks his account had fallen below his initial investment, leaving him under such strain that he said: "I literally could not breathe."
For some 40 years, Suzuki cars dominated India's roads. Relentless focus on keeping prices and running costs low put millions of people behind the wheel. But as Indians got richer, they gravitated to bigger and flashier rides – and the automaker's emphasis on affordability has started to become a drag.
Ryanair's profit slumped by a third on higher fuel costs and weaker ‌fares in the April-June quarter, the airline said, while summer fares look set to fall amid consumer nervousness around the Iran war and broader economy.
Saudi Arabia's Riyadh Air placed orders for 34 widebody aircraft with both Boeing and Airbus, as it accelerates ‌its plans to reach more than 100 destinations by 2030.
Models of battery electric vehicles became more affordable in Germany between 2020 and 2025. The average BEV price, however, rose during the same period, reflecting a ⁠shift in model offerings toward larger, more expensive cars.

In China, people brave simulated typhoons to prepare for the real thing

Participants practice evacuating an underground facility during a typhoon survival training session. REUTERS/Go Nakamura

Huang Zhen, 34, shut his cafe for a day last week to be buffeted by ‌surging waters and powerful winds that knocked him off his feet — training for extreme weather events that are increasingly afflicting China.

Huang was one of a dozen people attending a session at the Lvxing Disaster Simulation Training Center in Hangzhou, eastern China. For $235 per day, it offers a realistic experience of what it is like to be caught up in a typhoon or a flash flood, albeit with the advantage of wearing a wetsuit, a helmet ⁠and having a safety instructor to guide you.

Read more

And Finally...

Cast member Zendaya attends the "The Odyssey" world premiere in London, Britain. REUTERS/Isabel Infantes

Director Christopher Nolan's adaptation of "The Odyssey" had an epic debut, grossing $264.1 million in global ticket sales on its opening weekend, including $124.5 million in the US and Canada, Universal Pictures said.

Read more

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