Caroline Hepker

So a bit of the World Cup for you to finish our top stories.

That's news when you want it with Bloomberg News Now.

I'm Caroline Hepke.

Well, the plans for a change of leader leave Prime Minister Keir Starmer in office but not in power.

Despite winning a landslide election on a slogan promising change, the UK leader is set to depart Downing Street by September.

Bloomberg's James Walcock has more.

The United States is issuing a 60-day licence allowing Iran to sell oil on the international market as talks about a peace deal continue.

The move gives Tehran an economic lifeline with oil prices dropping on the signs of progress.

US President Trump says that negotiations are going well.

But the president's optimism is being challenged by continued fighting in Lebanon that threatens to derail talks.

Tehran indicated that it wouldn't relent on using leverage over the Strait of Hormuz if Israel continues its attacks in Lebanon.

That's Bloomberg's editor-in-chief, John Micklethwaite.

Lizzie, we'll have much more on Greenspan's legacy.

We'll be speaking on Bloomberg Radio to Mervyn King, the former Bank of England governor, on that death.

Now, the German and French governments have agreed to hold equal shares in the defence firm KNDS as it prepares to IPO.

That's according to a statement that has been released by both countries.

It was released yesterday.

In separate announcements, Friedrich Merz's government said that it's seeking a 40% stake in the firm subject to approval of Parliament.

The news comes after Germany reached an agreement over the weekend with KNDS's family owners to take a stake in a deal valuing the business between 15 and 18 billion euros.

The listing is also set to be one of Europe's biggest in recent years.