Monday 7 July 2025
The Mighty Headlines
Economics: US’s trading partners race to get a trade deal
Business and markets: Air France-KLM buys majority stake in SAS
Foreign Affairs: Ancient lotus flowers bloom in Japan
Security and intelligence: BRICS criticise West over tariffs and defence
Domestic politics: Met police chief suggests mega-police forces needed
The Mighty Stats
FTSE = 8,822.91 (down 0.0033%)
S&P 500 = 6,279.35 (down 0.83%)
Nasdaq = 20,601.10 (up 1.02%)
CAC40 = 7,696.27 (down 0.75%)
£1 = $1.37 / €1.16
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The Mighty Detail
Economics: The US’s 18 major trading partners raced this weekend to finalise trade deals ahead of a deadline on Wednesday. If countries do not agree a deal with the US by 9 July, they will face the high tariffs which had initially been set on 2 April. There are signs, however, that the US Government could further extend the deadline for negotiation.
Business and markets: Air France-KLM announced on Friday that it would become a majority shareholder of the Scandinavian airline company SAS. The French and Dutch group will increase its stake in SAS from around 20 per cent to 60.5 per cent. The deal is expected to go through in the second half of 2026, subject to regulatory approval from the EU which may have competition concerns.
Foreign Affairs: Ancient lotus flowers have bloomed in a park in Gyoda, Japan. The lotus flowers come from 1,400 year old seeds found during excavation work in the city in the 1970s.
Security and intelligence: A statement from the BRICS nations summit in Brazil has criticised global tariff increases, attacks on Iran, and increases in NATO defence spending. Chairing the summit, Brazil’s President said that “it is always easier to invest in war than in peace.” The BRICS nations include Brazil, Russia, India, China and South Africa.
Domestic politics: The head of the Metropolitan Police, Sir Mark Rowley, has said that England and Wales’s 43 police forces should be merged into 12 to 15 mega-police forces. Sir Mark said that some police forces were “too small to operate” and that investment in police officers over new technologies was making it more difficult to tackle modern crime.
The Mighty Calendar
What’s happening today?
Service at St Paul’s Cathedral to mark 20th anniversary of 7/7 London bombings
President Trump hosts Prime Minister Netanyahu at the White House
Poland introduces temporary border controls with Germany and Lithuania
UK house price data (June)
Lookahead to tomorrow
President Macron begins three-day state visit to the UK
Amazon Prime global shopping day
Germany, France trade data (May)
The Mighty Finale
🌤️Weather today
A chance of rain but mostly dry in England. High of 21C and low of 11C in London. Sunny spells in Belfast. Sunny in Edinburgh.
✏️Life coaching quote of the day
“Let us not take ourselves too seriously. None of us has a monopoly of wisdom and we must always be ready to listen and respect other points of view.” – Queen Elizabeth II
Mighty takeaway: Nothing more to add!
That’s it for this Monday morning. Thanks for reading and we hope that you have a good start to the week.
Bye!
The Mighty Memo team