Israel-Iran tensions test central banks’ appetite for rate cuts

US President Donald Trump intensified his rhetoric against Iran's leader, Ayatollah Ali Khamenei, claiming he knows his location but will not target him "for now." Trump demanded Iran's "unconditional surrender" amidst escalating tensions with Israel and warned against missile attacks, while asserting US air superiority over Iran and insisting on a decisive end to the conflict rather than a ceasefire. Need More Context? 🔎

A large mob of over 100 looters broke into an AutoZone store in southern Los Angeles early Monday morning, resulting in significant damage and merchandise theft. Police are investigating the incident, which may be linked to a street takeover; this is the second similar event at the store in less than a year, with last year's losses estimated at $67,000. Need More Context? 🔎

The European Commission has proposed revisions to EU debt securitisation rules to reduce capital charges for banks and streamline regulations, aiming to invigorate the securitisation market and boost economic competitiveness. While the changes, including lowering risk weights and simplifying investor obligations, are intended to enhance funding availability, critics argue they may compromise financial stability and international standards established post-2008 crisis. Need More Context? 🔎

The man who received a restraining order for stalking British tennis player Emma Raducanu earlier this year attempted to apply for Wimbledon tickets but was blocked by the All England Club's security system due to his red-flagged status. Raducanu, 22, had previously been distressed by his presence at multiple tournaments, leading to police intervention and a restraining order. Need More Context? 🔎

The minority Liberal government's major projects bill, C-5, passed its second reading in the House of Commons with a vote of 304-29 and is set for committee study this week, following fast-tracking by the Conservatives. The bill grants the federal government powers to expedite natural resource and infrastructure projects and will undergo scrutiny from various stakeholders, with a Senate pre-study also underway. Need More Context? 🔎

Israel has launched ongoing aerial attacks on Iran, targeting military leaders and nuclear capabilities, with the potential goal of regime change. Analysts warn that removing Ayatollah Khamenei may not lead to a more moderate government, and the conflict risks escalating further as diplomatic efforts remain stalled amidst heightened tensions and retaliatory strikes from Iran. Need More Context? 🔎