TIMIRAOS said Trump told him he believes Fed Chair KEVIN WARSH is a dovish member of the FOMC. The previous day WHITE HOUSE NEC director HASSETT made similar remarks. A week earlier Treasury Secretary BESSENT said he hopes the Fed will remain open-minded on inflation and expects policy easing this year. TIMIRAOS described this as the start of a new "forward guidance" era.

Airlines including Abu Dhabi's Etihad and Saudi Arabian Airlines (Saudia) are in talks with aircraft manufacturers to secure delivery slots as early as 2029 and 2030.

European media reported on July 2 that the European Commission is expected to unveil in September a proposal to ban minors from using social media across the EU. Commission President Ursula von der Leyen is slated to announce the recommendation in her State of the Union address on September 16; member states have been briefed. A child online safety advisory group will deliver a report on September 13 to inform the Commission. The proposed age threshold and enforcement details remain unclear; member states are debating options ranging from an outright ban for under‑age groups to requiring parental consent.