We begin with breaking news from the Middle East, where the United States has launched a second day of strikes against Iran. This escalation comes just hours after US President Donald Trump told a NATO summit that the ceasefire with Tehran is officially "over". 

The renewed conflict follows recent attacks on oil tankers and has already sent shockwaves through global markets, with oil prices rising sharply after Washington renewed hostilities. Analysts are warning of a dangerous, ongoing cycle of tit-for-tat strikes between the two nations.  

Meanwhile, at the NATO summit, President Trump’s surprise shift on foreign policy regarding Ukraine has steadied nervous allies. As part of this defense shift, Trump has granted Ukraine a licence to produce Patriot missiles to aid in their ongoing war. Simultaneously, Ukraine is intensifying its own military operations, stepping up attacks on Russian ships in the Azov Sea. 

 Turning to the global economy and finance, inflation fears are mounting following Kevin Warsh’s first Federal Reserve meeting. In commodities, an exclusive report reveals that rare earth minerals from Trump-backed US mines are being sold to Asia. In corporate finance, UniCredit has secured a massive 48 percent stake in Commerzbank, while a complex M&A environment is fueling historic paydays for megadeal traders due to a rising "complexity premium". 

 In political news from Europe, Marine Le Pen has revived her French presidential bid, heavily echoing Donald Trump's political style. Over in the UK, political drama is unfolding as Nigel Farage was ridiculed in parliament while a controversial by-election received the official go-ahead. 

Farage will face a highly unusual opponent in the race: the satirical candidate Count Binface, in what critics are calling a "farce" by-election. In technology and corporate news, Meta is pushing boundaries by testing new "super sensing" AI glasses designed to capture every moment. Meanwhile, Apple has committed to buying 30 billion dollars worth of US-made microchips from Broadcom. 

However, the rapid expansion of technology is drawing scrutiny; a prominent opinion piece by Pilita Clark takes aim at "The Great AI Data Centre Cover-Up". In aerospace, Alphaville LLC has officially initiated coverage of Elon Musk’s SpaceX with a definitive "Buy" recommendation. Looking at global developments, an outspoken Chinese economist who famously doubted Beijing’s official GDP data has died. In South America, Argentinian President Javier Milei has issued a stark warning, declaring that Argentina should completely shut down the state if the national budget runs out. Finally, in banking overhauls, Santander has axed its top China banker and scrapped traditional perks across its Asian operations. 

 That is your global news update. Thank you for listening.