President Trump has called for Iran’s ‘unconditional surrender’ in its conflict with Israel. NBC News reports that Trump is mulling a direct military strike on the country. We are live at the Paris Air Show where the CEOs of Saab and Leonardo tell CNBC that Europe’s defence depends on broader budgets and less fragmentation between nations. UK May inflation figures come in at 3.4 per cent year-on-year ahead of tomorrow’s BoE rate decision.

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