Friday 11 July 2025
The Mighty Headlines
Economics: Coffee futures rise after US announces 50% tariff on Brazil
Business and markets: Ferrero buys Kellogg for $3.1 billion
Foreign Affairs: New Palestinian militia emerges in Gaza
Security and intelligence: UK invests £163 million in Musk satellite rival
Domestic politics: UK and France reach migrant deal
The Mighty Stats
FTSE = 8,975.66 (up 1.23%)
S&P 500 = 6,280.46 (up 0.27%)
Nasdaq = 20,630.66 (up 0.094%)
CAC40 = 7,902.25 (up 0.3%)
£1 = $1.36 / €1.16
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The Mighty Detail
Economics: Arabica coffee futures rose by over 3.5 per cent yesterday morning. It comes after President Trump announced a 50 per cent tariff on Brazilian imports from the 1st August. Trump cited Brazil’s “very unfair trade relationship” with the US and the ongoing criminal trial of his ally former Brazilian President Bolsonaro as reasons for the tariffs. Brazil is a major producer of coffee.
Business and markets: The Italian food company Ferrero said yesterday that it would buy the US cereal manufacturer WK Kellogg for $3.1 billion. It will pay $23 per share, which is a 31 per cent premium on the closing share price on Wednesday. Kellogg has struggled in recent years and holds over $500 million of debt.
Foreign Affairs: A new Palestinian militia in Gaza is seeking to challenge Hamas’s control of the territory. The 300-strong Popular Forces group says that it is working with Israel and seeks to protect humanitarian aid from “looting…and organised theft” by Hamas-linked group. It claims that Hamas has responded with assassinations of Popular Forces members.
Security and intelligence: The UK Government is set to invest a further £163 million in Eutelsat, the European rival to Elon Musk’s Starlink satellite system. The French Government announced a €1.35 billion investment in Eutelsat earlier this year. The UK Government said its own investment would support national security and its domestic space industry.
Domestic politics: The UK and France have agreed to a “one in, one out” migrant returns pilot scheme, to address the small boat crossings in the English Channel. The deal will see the UK return a set number of cross-Channel migrants to France each week. In return, the UK will accept the same number of asylum seekers from France with family connections to the UK.
The Mighty Calendar
What’s happening today?
30th anniversary of the Srebrenica massacre
Church of England General Synod begins
Oasis play first reunion concert in Manchester
UK GDP, trade and manufacturing data (May)
China trade data (June)
Company results from: Norwegian air
Lookahead to tomorrow
Saturday
Twelve of July parades in Northern Ireland
Wimbledon Ladies’ Final
England versus Argentina (rugby)
Goodwood Festival of Speed
Sunday
Wimbledon Men’s Final
FIFA Club World Cup Final, USA
The Mighty Finale
🌤️Weather today
Bright sunshine across the UK. High of 32C and low of 17C in London.
✏️Life coaching quote of the day
“You have exactly one life in which to do everything you’ll ever do. Act accordingly.” – Colin Wright, writer and journalist
Mighty takeaway: Live the life you imagine for yourself.
That’s it for this morning. Thanks for reading and we hope you enjoy the weekend. Remember the suncream!
Bye!
The Mighty Memo team