ISTAT confirmed Italy's deficit at 3.1% of GDP last year, above the EU's 3% ceiling, delaying Rome's exit from the Excessive Deficit Procedure (EDP). The result is a political setback for Prime Minister Meloni; her government, which had hoped for an upward revision, still aims to end EU scrutiny next year but will face tighter fiscal constraints as it seeks to raise defence and energy spending amid Middle East tensions and ahead of next year's national election.

U.S. will provide security for Iran's foreign minister during the United Nations General Assembly.

S&P Global Ratings said banks' adoption of artificial intelligence will increasingly influence credit ratings. In a June survey of about 179 global financial institutions, respondents expect AI-related cost savings of up to 4% this year and 6–8% by 2028. Roughly 84% already use AI for support functions and automation, but fewer than one-third are using it to develop new products and services, citing regulatory and reputational risks. S&P said credit outcomes will hinge on the maturity of firms' AI strategies and the strength of their governance frameworks.