Tesla shares plunged around 7 per cent in pre-market trading after Elon Musk announced the launch of a new U.S. political party, dubbed the “America Party”, and reignited a public feud with former President Donald Trump.

Devastating flash floods along the Guadalupe River in Kerr County, Texas, have claimed at least 82 lives, including 27 campers and counsellors from Camp Mystic – a girls’ summer camp – and left more than 40 people missing as of Monday.

Lots of sporting action is taking place across the USA this week, as American footballers prepare to return ahead of a new season. There’s the final of the Club World Cup to look forward to on Sunday. Superstar Beyoncé is on tour, and there are some big business events too!

(Friday 11 July 2025) – Ursula von der Leyen survived her no-confidence vote with ease, after MEPs sought to oust her. The political fallout could still be significant, with the motion reigniting concerns about her leadership style, lack of transparency and political positioning.


Much of the European news has been dominated by the ongoing heatwave sweeping the continent, with the UK set for a third heatwave this week. Plenty of European countries have issued health warnings, whilst other European nations are battling wildfires amid the extreme heat.

The Euro 2025 is in full swing, with this Sunday marking the final matches in the group stages. England’s Chelsea and France’s PSG face off for the Club World Cup final.

Poland’s government has announced temporary border controls along its frontiers with Germany and Lithuania, beginning 7 July for 30 days.

France has established a “Diplomatic Reserve”, aiming to recruit 1,000 volunteers by year-end to support citizen services abroad, strengthen diplomatic outreach, and counter misinformation.