Plus, tension remains following US-Iran talks.

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Daily Briefing

Daily Briefing

By Claire Beers

Hello. Keir Starmer has resigned, paving the way for Britain's seventh leader in 10 years, US-Iran talks make 'encouraging progress' but tension remains and SK Hynix becomes South Korea's most valuable listed company.

Plus, Iran leave a note of thanks in LA locker room.

Today's Top News

 

British Prime Minister Keir Starmer speaks outside 10 Downing Street. REUTERS/Jaimi Joy 

  • Prime Minister Keir Starmer announced he would resign, with a new leader to be in place by the time parliament returns in September, paving the way for Britain to have its seventh leader ‌in 10 years. Follow our live page for the latest.
  • The first round of talks between high-ranking US and Iranian officials in Switzerland ended after a tense opening marked by Tehran's announcement it had again closed the Strait of Hormuz and President Trump repeating his threats to resume attacks on Iran.
  • Fifty-four people were injured and 18 are missing after an explosion at ‌Qatar's massive Ras Laffan liquefied natural gas complex which occurred as workers were restarting operations halted after an Iranian attack in March.
  • Colombian right-wing candidate Abelardo De La Espriella has clinched a narrow victory in the presidential election, according to an initial ballot count, as voters bet on his Donald Trump-endorsed promise of a crackdown on crime and a stronger economy.
  • A severe heatwave gripped much of Europe, with temperatures nearing 104 degrees Fahrenheit, prompting health warnings, transport disruption and signs of strain on wildlife. See how today's temperatures compare to the historic averages on our Climate Monitor. 
  • Four years after being forced to surrender Mariupol, Ukraine's Azov fighters are making Moscow pay for its occupation of the city. The Reuters World News podcast explains why Azov is central to Ukraine's expanding drone campaign, and why Russia hasn't figured out how to stop it.
  • President Trump blamed vandalism for recent problems with the newly renovated Lincoln Memorial Reflecting Pool, including its new blue paint peeling off. US Attorney Jeanine Pirro said Citations for vandalism have been issued.
 

Business & Markets

 

People check the flight tracker screens at the Dallas-Fort Worth International Airport in Texas. REUTERS/Alyssa Pointer

  • Airlines stand to save billions of dollars on jet fuel after an interim US-Iran peace deal sent oil prices lower, but passengers are unlikely to see immediate relief as tight capacity may allow carriers to keep fares well above pre-war levels.
  • SK Hynix overtook Samsung Electronics to become South Korea's most valuable listed company, marking a dramatic reversal of fortunes for a chipmaker that two decades ago nearly collapsed under debt.
  • Oil prices declined after US-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and petrochemical exports, easing worries about a supply shortage ‌in global markets. The Reuters Morning Bid podcast examines what traders are watching now.
  • China added MP Materials and USA Rare Earth, as well as eight other US entities it said are linked to the US military, to its export control list in retaliation for Washington placing ‌several Chinese companies under restrictions.
  • Over the last 10 years in China, foie gras — the fattened livers of force-fed ducks or geese — has gone from a high-end delicacy to a popular, affordable product, spurring farmers to become even more ambitious.
 

From leather laces to microchips: The evolution of the World Cup ball

 

Sweden's Viktor Gyokeres in action with Tunisia's Montassar Talbi and Mohamed Amine Ben Hamida. REUTERS/Daniel Becerril

Technology inside the World Cup ball took center stage on June 14, when it helped award a disputed goal in Sweden’s 5-1 win over Tunisia. Officials used waveform data, similar to cricket’s Snickometer, to detect a slight contact with the ball, allowing the goal. 

The incident highlighted how far the World Cup ball has come, from stitched leather models to sensor-equipped designs that can influence match-defining calls. Here is a look at how the ball has changed over time. 

Read more
 

And Finally...

A handwritten message left by the Iranian national soccer team thanking Los Angeles for its hospitality during