Iran hits U.S. military targets in the Gulf as it buries its slain leader, Ayatollah Ali Khamanei. NATO leaders leave Turkey armed – literally – after President Tayyip Erdogan hands out vintage revolvers. President Donald Trump says Russian President Vladimir Putin wants peace, but three Kremlin sources say he’s getting ready to escalate. Meta will start making its own AI chip to undercut OpenAI and Anthropic. A proposed FAA rule could supercharge the U.S. drone delivery industry. And Germany tops more than 5,000 heat-related deaths this year as a wildfire tears through southern Spain. Listen to the Morning Bid podcast ⁠⁠here⁠⁠. Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠. Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Khamenei burial, Erdogan’s gun gifts, Meta’s AI chip and drone deliveries

Reuters World News 

Hi, I'm Kim Vanell in Whanganui, New Zealand. It's Friday, July 10th. Today, Iran attacks US military sites in the Gulf as it buries its slain supreme leader. Turkey's Erdogan sends NATO leaders home with a loaded gift. Hint, it's a gun.

Meta tries to take on OpenAI and Anthropic by making its own AI chips. And a change in flight rules could see US drone deliveries take off. This is Reuters World News, bringing you everything you need to know from the front lines in 10 minutes, 7 days a week.

We begin in Iran, where tit-for-tat strikes with the US show no sign of slowing down. Tehran has launched attacks on US military targets in Kuwait, Qatar and Bahrain. And Iranian media later reported explosions across the country's south, including in Bushehr, where one of Iran's nuclear plants is located.

It comes as Iran ends a week of mass funeral processions for slain supreme leader Ayatollah Ali Khamenei. Huge crowds gathered at Imam Reza's shrine in Mashhad as the coffin arrived. Carried inside on the shoulders of mourners.

Then funeral prayers with three of Khamenei's sons. But not Moshtaba, the son who succeeded their father and is the new supreme leader. He hasn't been seen since being injured and reportedly disfigured in the February strike which killed his father. Photographer Alkas Konstantinidis is covering the funeral processions in Mashhad.

We are here in front of the Imam Reza's shrine, where today Iranians bid farewell to the late supreme leader Ayatollah Ali Khamenei. It has been a day full of emotions, tears, but also anger against the United States, Israel and specifically President Trump. Under the searing sun from early morning, Iranians gathered around the coffin of the late supreme leader and members of his family.

Khamenei burial, Erdogan’s gun gifts, Meta’s AI chip and drone deliveries

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Khamenei burial, Erdogan’s gun gifts, Meta’s AI chip and drone deliveries

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.