Jingye Group, the former owner of British Steel, has demanded compensation from the U.K. government for investment losses after the company's nationalization last week. The British government took control last year after Jingye considered closing the blast furnaces at the Scunthorpe plant. Jingye said Sunday the move damaged the U.K.'s credibility and spooked investors. The company has already started negotiations under bilateral investment agreements and reserves the right to international arbitration. An independent evaluation will determine if compensation is owed, according to British officials. The U.K. Department for Business and Trade says the nationalization saves jobs and ensures a domestic steel supply for key industries.

Taylor Farms recalls lettuce shipped to 27 states over cyclospora risk

Kuwait says it's under Iranian missile and drone attack.

The U.S. military said Sunday it had ended its latest round of airstrikes on Iran, which included targeting Iran’s paramilitary Revolutionary Guard over an attack that killed American troops in Jordan. The U.S. military’s Central Command in its statement also said it hit “Iranian military coastal surveillance and air defense facilities, maritime capabilities and missile and drone storage sites.” Iran has provided no overall information on its materiel losses in the American campaign, which now is in its eighth day as the nations vie over control of the Strait of Hormuz, the narrow mouth of the Persian Gulf through which a fifth of all oil and natural gas traded passes in peacetime.

US military ends latest airstrikes on Iran, saying it hit Revolutionary Guard over attack that killed American troops.

Taylor Farms has expanded a voluntary recall of its iceberg lettuce products sourced from central Mexico because of a potential link to the multistate cyclospora outbreak that has sickened people across the U.S. The California-based company said products with the potential to be contaminated with the diarrhea-causing parasite were shipped to 27 states including Texas, Florida, Pennsylvania and Illinois. Cyclospora is a microscopic parasite that infects food that has come into contact with human feces, most commonly when produce is irrigated or washed with contaminated water. U.S. health officials earlier this week identified lettuce from a supplier in Mexico as a source of cyclospora contamination in food served at Taco Bell restaurants in five Midwestern states.

Taylor Farms recalls lettuce shipped to 27 states over cyclospora risk

The sell-off for AI winners deepened and yanked stock markets lower worldwide. The S&P 500 fell 1% Friday to finish its first losing week in the last three and only its third since March. The Dow Jones Industrial Average dropped 0.8%, and the Nasdaq composite sank 1.4%. Nvidia was the heaviest weight on the market and briefly gave up its status as the most valuable stock on Wall Street. The worries about whether AI stocks have shot too high dragged down Asian markets even more sharply. Oil prices jumped again on worries about the war with Iran, but longer-term Treasury yields eased.

U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also cooled more than expected. Prices dropped 0.4% in June from May, the largest monthly drop in four years, the Labor Department said Tuesday. Meanwhile, the gusher of investment in data centers — likely topping $700 billion this year — to power artificial intelligence has made memory chips, computer processors, and other equipment, as well as electricity, more expensive. Economists expect it will continue to push up inflation at least through the end of this year.