Bank of England to proceed with plan to limit hedge fund leverage, Financial Times reports. The move tightens oversight of leveraged bets in UK financial markets.

Fed Chair Warsh says U.S. prices "too high," announces task forces to review monetary policy, inflation frameworks and balance sheet at ECB Forum in Sintra, Portugal.

U.S. Federal Reserve Chair Kevin Warsh said at the European Central Bank Forum in Sintra, Portugal, that "prices are too high" in the United States and announced the Fed is establishing task forces to review monetary policy communications, economic data, productivity, inflation frameworks and balance sheet policy. He declined to indicate whether the Fed would raise rates at its July meeting and said the central bank would not provide forward guidance.

Volkswagen examines sale of Audi's 8.33% stake in FC Bayern München and reviews Porsche's VfB Stuttgart stake in austerity drive ahead of July 9 board vote on plan to cut 100,000 jobs

Volkswagen is examining the sale of Audi's 8.33% stake in FC Bayern München and reviewing Porsche's stake in VfB Stuttgart as part of a major austerity programme, ahead of a supervisory board vote on July 9 on a plan to cut 100,000 jobs, according to CORRECTIV.

Google loses EU court fight over €4.1B Android antitrust fine. The ruling upholds one of Europe's largest competition penalties against the US tech giant.

Google loses EU court fight over €4.1 billion Android antitrust fine.

Adani Enterprises and Abu Dhabi's International Holding plan $11.5 billion aluminum project in Odisha, India — one of the largest foreign-backed industrial investments in the eastern state.

Adani Enterprises and Abu Dhabi's International Holding plan to invest $11.5 billion in an aluminum project in India's eastern state of Odisha.