UK Economic Reset: Andy Burnham took office as prime minister and named John Healey as chancellor, signaling a push for a new economic model and cost-of-living focus while investors watch for tax and spending shifts. Trade War Shock: Trump announced 50% tariffs on most Canadian imports, targeting autos, alcohol, dairy and more, prompting Mark Carney to vow Canada will intensify talks. Aerospace & Industrial Policy: The British Business Bank and UK government are progressing a proposed £100m aerospace supply-chain fund with Airbus, GKN Aerospace and Rolls-Royce to help suppliers scale. AI Governance: Australia is tightening rules for AI use in government and workplaces, aiming for transparency and human accountability after past automated-decision failures. Water & Industry: Malaysia’s energy transition ministry will study an industrial water reclamation policy to boost efficiency for sectors like data centres and semiconductors. Regional Trade & Diplomacy: UAE non-oil trade hit AED 1.937tn in H1, while Syria and Kuwait agreed to deepen economic ties and business links. Energy Security: India’s NSA Ajit Doval met Saudi officials on protecting maritime corridors amid US-Iran tensions. Food & Protest Politics: Farmers in India were stopped at the Shambhu border while protesting the proposed India-US trade deal. Social Spending: Ukraine reported UAH 218.4bn allocated for social expenditures in H1, including pensions and disability support. Investment & Risk: Investors were urged not to panic ahead of potential tax rises under Burnham, with attention on long-term, government-backed schemes.