UK Inflation Watch: Bank of England chief economist Huw Pill urged policymakers not to get complacent as CPI stays above target, warning that past “too-easy” policy left inflation too high for too long. UK Politics & Economic Strategy: Labour PM-in-waiting Andy Burnham is set to unveil a devolution-first economic agenda, aiming to push decisions and budgets to regions while boosting reindustrialisation and housebuilding. Middle East Trade Shock: Fresh US-Iran strikes around the Strait of Hormuz have rattled markets and oil prices, with a fragile ceasefire framework now looking shaky. China-Japan Trade Security: China added 20 Japanese entities to an export watchlist tied to dual-use risks, escalating rare-earth and economic-security tensions. US-China Tech Controls: Apple asked the US government for permission to buy CXMT DRAM, after US restrictions made licenses likely to be denied—raising pressure on device costs. India Trade Execution: India-UK trade pact implementation starts July 15, but experts say real gains will depend on business readiness, supply-chain alignment, and compliance capacity. Pakistan Pharma Crackdown: Pakistan announced a medicine barcode system to go live within 60 days to improve traceability and curb counterfeit drugs. Regional Industrial Push: Malaysia’s Kedah reported RM1.4bn in approved investments via 50 projects, betting on hi-tech parks and green industrial zones to spread jobs beyond cities.