Daily Recap: Business — 7 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.

Top Business stories

• Trump expected to tell Erdogan US may restore Turkey access to F-35 jets (14 sources)
• WiseTech founder Richard White steps down as executive chair amid allegations and scrutiny (13 sources)
• Amazon seeks at least $25 billion in bond sale to fund AI infrastructure (6 sources)
• Canada’s merchandise trade surplus rises to about $4.2B in May, four-year high (6 sources)
• Bank of England warns AI boom raises financial stability risks (5 sources)
• Rupee strengthens against dollar on Saudi oil price cuts and easing Middle East risks (5 sources)
• Coinbase secures UK investment services license to expand into equities and derivatives (5 sources)
• Amazon seeks to raise about $25 billion via US dollar bond sale (5 sources)

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