The U.S. National Highway Traffic Safety Administration (NHTSA) has rejected a petition alleging that 179,701 Tesla (TSLA.O) vehicles in the U.S. are defective because mechanical door handles are difficult to operate.

Preliminary S&P Global euro area composite PMI rose to 51.9 in July from 50.0 in June, the highest in five months and well above economists’ 50.3 forecast, signalling a return to expansion after four months. New orders expanded for the first time since February, with the pace of growth the strongest since April 2023. Export orders, including intra-euro-area trade, remain in contraction but the decline was the smallest since March 2022. Services PMI climbed to 51.6 from 49.4, ending a three-month contraction and marking a five-month high; manufacturing PMI increased to 52.0 from 51.4, with manufacturing output at its highest growth rate in 52 months and above the 51.5 market expectation. S&P Global chief business economist Chris Williamson said the pickup is welcome but that sustained momentum may be constrained by ongoing geopolitical uncertainty.

U.S. President Trump reportedly said the two leaders would discuss AI. At a regular briefing on the 24th, Foreign Ministry spokesman Lin Jian said summit-level diplomacy provides an irreplaceable strategic steer for U.S.-China ties and that China is willing to work with the U.S. to implement the leaders' important consensus on artificial intelligence.