Writing the summary…
Putin reportedly proposes three-way summit with Trump and Xi on Ukraine war — without Zelenskyy
Original reporting
CNBC: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
Related stories
Elon Musk says he'll give a SpaceX share to every child in America next year
The SpaceX boss said Monday that he'll give one of his company shares to every child in the U.S. next year. He didn't say how the share giveaway would happen.
French unrest compounds debt crisis fears. Paris-listed stocks, bonds and the euro fall
"It looks like either the bond markets riot, or the people riot, or both," one analyst told CNBC.

Violent street protests in France and Italy trigger stock and bond sell-off and send euro lower – business live
Roaring exports lift China’s economic growth Chris Beauchamp , chief market analyst at investing and trading platform IG , said: Investors worried about political flashpoints will be watching France nervously. Given the country’s precarious financial situation, the riots of recent weeks may only be a foretaste of what is to come should any government attempt to reform public spending. While other European markets enjoyed a stronger period last week, the CAC continued its miserable performance. But betting on France’s recuperative powers has been the way to go in previous crises - can the Fifth Republic pull off a similar trick again? Continue reading...

Tourists are avoiding York, my home town – but I know how to get them back
Are they put off by the hen parties, the tea rooms or the £5-an-hour parking? No matter. It’s time for my bold new approach ... York may be falling out of fashion with tourists. The BBC reports January-to-June visitor numbers to my home town fell 8% compared with 2025, with visits to city attractions down by 17%. This inspires a cocktail of conflicting emotions – selfish relief, a bit of huffiness (how dare they reject the birthplace of the Chocolate Orange and the KitKat?) and consternation. Slaloming through unpredictable, slow-moving tourist hordes in narrow medieval streets is far from my favourite activity (albeit probably good for my cognitive reserve), but tourists keep this city afloat. Our main economic activities in 2026 are “dressing up”, “tea and cake”, and “hen/stag night services (sub-categories: booze, kebabs, feather boas)”. This city runs on genteel treats and big, messy

We must tax the wealth of billionaires, not just income. California can lead the way | Ro Khanna
Will California stand with the working class or the oligarchs in the vote this November? The Democratic party has a choice to make. Are we going to be New Deal Democrats or corporate Democrats? Are we standing with the working class or the tech oligarchs? Proposition 40, California’s billionaire tax, is the most important ballot initiative in America and a fight for the soul of our party. Rohit Khanna is aUS congressman and attorney serving as the US representative from California’s 17th congressional district Continue reading...
Robot factories and hypersonic missiles: JPMorgan Chase’s first $5 billion of defense investments
With $5 billion already deployed off its balance sheet, JPMorgan Chase is racing ahead on direct investments in defense tech, hardware and supply chains.