Tuesday, 07 July 2026
Business news today captures a world balancing geopolitics, governance and the cost of the AI boom. At the NATO summit in Ankara, Donald Trump is expected to signal to Recep Tayyip Erdogan that Washington may reopen Turkey’s path back into the F-35 program, a potentially significant policy reversal after Ankara’s purchase of Russian air defenses. In corporate Australia, WiseTech founder Richard White has stepped down as executive chair amid allegations he denies, though he remains a director and chief innovation officer; investors welcomed the governance shift, sending shares higher. In the U.S., Amazon is lining up at least $25 billion in new bonds to bankroll its vast AI infrastructure build-out, underscoring how capital-intensive the technology race has become. Markets also found some relief: the Indian rupee strengthened as Saudi oil price cuts eased energy-cost pressures, while Canada posted its strongest merchandise trade surplus in four years on record exports.
Recap for Tuesday, 07 July 2026
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