Monday 13 July 2026
The Mighty Headlines
Economics: Rachel Reeves delivers Mansion House speech tomorrow
Business and markets: Apple sues OpenAI over alleged trade theft
Foreign Affairs: Israel sets elections for October
Security and intelligence: President Zelensky dismisses his Prime Minister
Domestic politics: Foreign Office consular assistance overseas
The Mighty Stats
FTSE = 10,497.29 (up 0.24%)
S&P 500 = 7,575.39 (up 0.42%)
Nasdaq = 26,281.61 (up 0.29%)
Stoxx 600 = 641.10 (up 0.036%)
£1 = $1.34 / €1.17
Lab / Con / Reform / Green = 19 / 18 / 24 / 16 (Opinium, 7-10 July)
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The Mighty Detail
Economics: UK Chancellor of the Exchequer, Rachel Reeves, will give her Mansion House speech tomorrow. Reeves is expected to announce plans that will require financial institutions to retrain financial services workers in AI.
Business and markets: Apple is suing OpenAI for the alleged theft of trade secrets relating to consumer hardware. Apple claims that former employees are disclosing technologies, products and processes that have not yet been made public. OpenAI denies the claims.
Foreign Affairs: Israel is to hold legislative elections on the 27th October 2026. Prime Minister Benjamin Netanyahu has said that he will stand again for election. Polling suggests that retired army general Gadi Eisenkot (of the centrist Yashar party) could be Netanyahu’s main rival.
Security and intelligence: President Zelensky dismissed his Prime Minister yesterday, with reports that he will appoint an individual with an energy policy background ahead of the winter. He has also announced a new military command focused on long-range strikes against Russia.
It comes as the “Coalition of the Willing” meets at the Hôtel des Invalides in Paris today. The 37 member countries are expected to discuss air defence cooperation and an anti-ballistic missile system in support of Ukraine.
Domestic politics: With all the difficulties in the world at the moment, we thought we would end this morning’s Mighty Memo with a more light-hearted story. Ahead of the summer holidays, the UK Foreign Office has published some unusual questions that British citizens have asked local consular staff. We highlight a few below (and yes, these are real!):
An individual in France who asked if the Embassy could help locate where they had parked their car near the Eiffel Tower.
A British holidaymaker in Jordan asking if the Embassy knew where they could get blonde highlights.
A holidaymaker asking the Embassy in Egypt to do something about the temperature of the showers at their hotel.
The full list of examples is available here: https://www.gov.uk/government/news/do-you-know-where-i-can-get-blonde-highlights--the-most-unusual-requests-from-brits-abroad-for-consular-assistance
The Mighty Calendar
What’s happening today?
Sir Keir Starmer and President Macron host Coalition of the Willing meeting in Paris
EU Foreign Ministers discuss Ukraine and the Middle East
Home Office Questions in UK House of Commons
Andy Burnham questioned by Labour MPs in Parliamentary hustings at 8.00pm
Lookahead to tomorrow
France public holiday (Bastille Day)
T-Rex skeleton estimated at $30 million to be auctioned at Sotheby’s
US CPI inflation data (June)
Health Questions in UK House of Commons
Football World Cup: France vs Spain, 8:00 PM, AT&T Stadium, Arlington, Texas
Company results from: Goldman Sachs, Citigroup, Wells Fargo, JPMorgan, Bank of America, Ericsson
The Mighty Finale
🌤️Weather today
Sunny and dry across the UK. High of 27C and low of 16C in London.
✏️Life coaching quote of the day
“When you struggle against this moment, you're actually struggling against the entire universe. Instead, you can make the decision that today you will not struggle against the whole universe by struggling against this moment. This means that your acceptance of this moment is total and complete.
You accept things as they are, not as you wish they were in this moment. This is important to understand. You can wish for things in the future to be different, but in this moment you have to accept things as they are.” – Deepak Chopra, writer and speaker
Mighty takeaway: Accept today and enjoy it, but work on changing tomorrow.
That’s it for this Monday morning. We’ll see you again on Wednesday.
Bye!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*