High-Stakes Headlines: Airline Cancellations, NATO Spending, and Energy Bill Cuts

In a significant development, British Airways and Singapore Airlines have canceled their flights to Dubai following recent U.S. airstrikes on nuclear facilities in Iran, raising concerns about potential escalations in the region.

As NATO members agree to increase their defense spending target to 5% of GDP, Spain has announced an opt-out, citing noncompliance just ahead of an upcoming summit in The Hague that aims to showcase unity.

Meanwhile, the UK government is set to unveil a new industrial strategy focused on reducing electricity costs for businesses, a move that aims to bolster competitiveness and promote economic growth. Additionally, Novo Nordisk continues its quest to unlock the full potential of its experimental obesity drug, CagriSema, as it seeks to reassure investors of the drug's promising future.

(With inputs from agencies.)