Sources say Tata Motors will use the platform to produce at least two electric vehicles under its high-end Avinya brand. Tata plans to launch the first Avinya EV in 2027 and a second in 2029, and is in talks to possibly add two more models.

Bank of Japan Governor Kazuo Ueda: If the market believes that the central bank may be responding inappropriately to inflation, this could lead to excessively high long-term interest rates.

1. Refuting News Reports of “US-Iran Talks Halted” —US President Trump stated on social media that fake news reports claiming Iran and the US had stopped talking several days ago are completely false and misleading. “Our dialogue has been ongoing, including four days ago, three days ago, two days ago, one day ago, and today. Nobody knows where the dialogue will lead, but as I told Iran: ‘It’s time for you to make a deal. You’ve been dragging this out for 47 years, and you can’t let this continue!’” 2. Demanding Stronger Commitments from Iran on Nuclear Issue —According to ABC News, US officials and another source familiar with the matter revealed that President Trump is demanding that Tehran finalize specific nuclear concessions in writing as part of a preliminary agreement aimed at breaking the long-standing deadlock between the US and Iran. Sources said that Iranian negotiators had previously verbally assured that Iran would eventually agree to certain terms related to its nuclear program; however, at a meeting in the White House Situation Room last Friday, Trump deemed these commitments insufficient. 3. Appoints Pulte as Acting Director of National Intelligence – US President Trump announced on social media on July 2nd that he has appointed Pulte as Acting Director of National Intelligence. 4. Signs Executive Order on Artificial Intelligence – The White House announced that President Trump signed an executive order to promote innovation and security in advanced artificial intelligence. 5. Accepts Invitation to Speak at White House Correspondents' Dinner – President Trump stated that the White House Correspondents' Dinner, previously interrupted due to the violent incident, has been rescheduled for July 24th, and he has accepted the invitation and plans to attend. 6. Trump Administration Appeals Court Ruling to Refund IEEPA Tariffs The Trump administration has formally appealed a judge's ruling that compels Customs authorities to refund a total of $166 billion in global tariffs to all importers, tariffs that the US Supreme Court ruled illegally imposed earlier this year.