Good morning. The US indicates it’s focusing on a big country for its next trade deal. Trump seeks a 30-day ceasefire in Ukraine. And Apple is developing specialized chips for glasses. Listen to the day’s top stories.
US Commerce Secretary Howard Lutnick said that trade deals with South Korea and Japan could take significantly more time to complete than the agreement reached with the UK. The Trump administration is weighing a dramatic tariff reduction during weekend talks with China to de-escalate tensions, people familiar said.
Donald Trump called for a 30-day ceasefire between Russia and Ukraine to enable peace talks, and threatened more sanctions if a truce is violated. Ukrainian President Volodymyr Zelenskiy said he had “good, very warm and constructive” phone conversation with Trump.
Pope Leo XIV appears on the balcony of St. Peter's Basilica. Photographer: Alessia Pierdomenico/Bloomberg
Cardinal Robert Francis Prevost was elected as Roman Catholic pontiff, the first ever pope from the US and a possible bridge between the moderate and hardline sides of a divided Church. Prevost, 69, chose the name of Leo XIV for his pontificate.
Mayor of London Sadiq Khan will “actively explore” building on the city’s green belt, signaling the biggest shift to housing policy since the 1960s. The mayor will announce a consultation in a speech today.
The UK will sanction as many as 100 oil tankers that it says are part of a shadow fleet of vessels helping Russia move its oil. That could expand the number of ships the country has designated by up to 75%.
A surfer holds a surf board up with a message on it during the demonstration. Photographer: SOPA Images/LightRocket
Swimmers are falling seriously ill from Britain’s polluted waters, with leaks still getting worse, not better.
Untreated sewage entered English waters for a record 3.61 million hours last year—a result of aging infrastructure which sends rain and wastewater from toilets and kitchens through the same pipes.
Britain’s water industry is bracing for the biggest overhaul since privatization in 1989 amid a scandal over sewage spills and chronic pipe leaks. Read our explainer.
Britain has made a giant mistake and will rue driving away ultra-wealthy individuals, Matthew Brooker writes. A drumbeat of reports of notable departures has grown louder since non-dom privileges ended in April, along with predictions of the resulting fiscal damage.
Meta Ray-Ban smart glasses. Photographer: David Paul Morris/Bloomberg
Apple’s silicon design group is working on new chips that will serve as the brains for future devices, including its first smart glasses, according to people familiar. It’s an indication the company is ramping up work on eyewear, which would compete with Meta’s popular Ray-Ban spectacles.
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