Iran and US press pause

Reuters Daily Briefing <dailybriefing@thomsonreuters.com>
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2026-07-27 12:57

Daily Briefing

By Linda Noakes

Hello. There has been a lull in the fighting between Iran and the United States, as Trump's advisers express worries about depleting the US arsenal.

Netanyahu heads to Washington after Israel said it would allow an international force into Gaza.

In business news, chipmaker CXMT raises $8.6 billion in Asia's biggest IPO this year. And we have details of Shein's Hong Kong IPO filing - which sidesteps a Xinjiang cotton controversy.

Today's Top News

A statue of Iranian military members stands near the Strait of Hormuz. Majid Asgaripour/WANA via REUTERS/File Photo

Iran said it was still in control of the Strait of Hormuz and not seeking to resume peace talks with the United States, after President Donald Trump halted a two-week bombing campaign that his top brass told him had run its course.
Israel will allow a multinational security force to enter Gaza as proposed under Trump's ceasefire plan for the enclave, an Israeli official said. As Prime Minister Benjamin Netanyahu heads to Washington, White House Reporter Gram Slattery joins the Reuters World News podcast with what to expect.
Firefighters battled massive wildfires threatening the French city of Bordeaux while crews in Spain struggled to control a series of forest blazes raging since last week, the result of a blisteringly hot and dry summer in Western Europe.
German police said a 21-year-old man with a record of Islamist extremist activity was shot dead on Sunday, a day after he allegedly drove a minivan into people near ‌Berlin's Pride celebrations, killing one person.
Three people were killed and four others, including a toddler, were wounded in a shooting at ‌a downtown Seattle food festival, police said, adding that a suspect had been taken into custody.
Indian authorities have suspended a policeman for firing rounds in the air from an assault rifle to disperse student protesters in an eastern state over the weekend, the latest flashpoint in a wave of youth protests.

Business & Markets

The CXMT logo and a computer motherboard are seen in this illustration. REUTERS/Dado Ruvic

Shares of CXMT Corp soared 466% on their Shanghai trading debut following Asia's biggest IPO this year, catapulting the chipmaker to the top of China's stock market by valuation.
Shein's Hong Kong IPO filing made no specific mention ‌of risks linked to allegations that its clothes contain cotton from the Xinjiang region, where the US and human rights groups say government-sponsored forced labor programs target Uyghur minorities.
Just as a fragile calm was returning to Indonesian markets, the abrupt resignation of the central bank chief has reignited investor anxiety over policy credibility and political influence in managing Southeast Asia's biggest economy.
Profits at China's industrial firms grew at a ‌solid, though slower, pace as resilient exports helped cushion sluggish domestic demand, highlighting the economy's uneven recovery.
AstraZeneca topped second-quarter profit expectations and backed its 2026 forecasts ‌on demand for its therapies, as the drugmaker sought to quell concerns over longer-term growth prospects after a recent trial failure.

Trump may need to allow Chinese minerals as US industry struggles to meet deadline

Crushed ore is displayed at the MP Materials rare earth mine in Mountain Pass, California. REUTERS/Steve Marcus/File Photo

Trump has made US mining and processing of critical minerals a national security priority since returning to office..

But his push to end Washington's reliance on Chinese critical minerals by January is colliding with a stark reality: American miners and processors aren't ready.

Read more

And Finally...

Tadej Pogacar celebrates on the podium while wearing the yellow jersey after winning the Tour de France

Tadej Pogacar celebrates on the podium. REUTERS/Gonzalo Fuentes

Slovenia's Tadej Pogacar secured a record-equaling fifth Tour de France title after safely navigating the final stage, won ‌by Mathieu van der Poel, to seal a third consecutive crown in cycling's greatest race.

Read more

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