The World in Brief from The Economist

America said it launched another wave of strikes, the second in a matter of hours, on Iran, targeting the country’s “military capabilities”.

America said it launched another wave of strikes, the second in a matter of hours, on Iran, targeting the country’s “military capabilities”; China’s economy grew by 4.3% year on year in the second quarter, the slowest rate of expansion since 2022 and below the government’s target of 4.5-5%.

China’s economy grew by 4.3% year on year in the second quarter, the slowest rate of expansion since 2022. Also, Donald Trump warned Iran that America would target its power plants and bridges next week unless its leaders “get to the table and negotiate”.

America launched new strikes on Iran moments before its naval blockade on Iranian ports came into effect.

America launched new strikes on Iran moments before its naval blockade on Iranian ports came into effect. Headline inflation in America fell to 3.5% in June, from 4.2% in May.

Brent crude, the global benchmark, surged past $87 on Tuesday, rising by around 3.5%. Also, Andy Burnham was confirmed as the new leader of Britain’s ruling Labour Party after securing the backing of 349 of the party’s 403 MPs.