Good morning from the Financial Times. Today is Monday, June 14th, and this is your FT news briefing.

Israel's Benjamin Netanyahu is out of power. South Korean shipbuilders are set to float

on the public markets, that is, and G7 leaders agree to counter China's global influence.

Plus, the FT's James King reports on Chinese companies marketing surveillance and smart city

technology around the world and why it's sparking fear. Because cities will depend on this type

of technology, it could be possible for these Chinese companies to shut down a huge part of

the operation of a city. I'm Mark Filipino and here's the news you need to start your day.

Israel's parliament voted in a new government yesterday. This broad coalition was cobbled

together with the sole purpose of ousting Benjamin Netanyahu, Israel's longest serving Prime Minister,

and it did. Netanyahu is out of power for the first time in 12 years. The new government is led

by ultra-nationalist Naftali Bennett, and it's the first time a Zionist government will share power

with an Arab party. The FT's Mehul Shrivastava says since the coalition only has a one-seat majority,

it'll avoid the most divisive issues. So you're looking at a government that's going to focus on

the economy, it's going to focus on a few things that need to be fixed right away, including passing

a budget, but in terms of the controversial things in what to do with the Palestinian issue,

what to do with the separation of religion and state, those things that are going to be left

alone for a while. As the FT's Jerusalem correspondent Mehul Shrivastava.

As big economies emerge from the pandemic, global commerce is recovering more quickly than

expected. That means more shipping, and South Korea's shipbuilders and sea freight companies are

enjoying a surge in orders and rising freight rates. In fact, they're enjoying their best year

in over a decade. Now, they plan to raise billions of dollars through IPOs. The FT reports that

Hyundai heavy industries and the cargo groups, each line shipping and SM line, plan to raise a

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