Rolls-Royce CEO Chris Brownridge said China — the luxury carmaker's second-largest market globally — is vital to the company. He said Rolls-Royce will continue long-term investment in China to serve a large client base and meet strong consumer demand.

EU Commission President Von der Leyen said the commission will launch a strategic dialogue with European refineries to lower costs and secure supplies.

Ethiopia’s federal parliament met on the 5th to form a new government and approved Abiy as prime minister; he was subsequently sworn in. In June’s parliamentary election Abiy’s Prosperity Party won 438 of 486 seats in the House of Peoples’ Representatives; under the constitution the party holding a majority forms the government and appoints the prime minister. The prime minister holds the country’s highest executive authority. Abiy first became prime minister in April 2018 after his predecessor resigned and was reappointed in 2021.