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Yields on British government bonds rose and Stirling fell amid worries that Rachel Reeves,

the finance minister, had lost the prime minister's support.

Sakea Stama refused to say in Parliament whether Ms. Reeves would be in her job at the next

election. Ms. Reeves was sitting next to him, looking upset. This week, the government

had to abandon planned welfare cuts following a rebellion by its own MPs.

America's House of Representatives began debating Donald Trump's one big, beautiful bill

after the Senate narrowly passed its version of the tax and spending measure on Tuesday.

The President wants the bill passed by Friday, but the road to a final vote could be bumpy.

Some House Republicans are unhappy with the Senate's changes, which increase America's budget

deficit and cut health care spending. Mr. Trump announced a trade deal with Vietnam, lowering

tariffs on imports from the country to 20%

days before a reciprocal levy of 46% was due to take effect. A 40% tariff will be applied to products

shipped by other countries, such as China, to America via Vietnam. Mr. Trump added that American exports to Vietnam

would not be subject to tariffs. Tesla delivered 13.5% fewer cars in the second quarter

than it did in the same period in 2024, its largest ever decline. Nonetheless, at 384,122 deliveries, Tesla did slightly better

...