1. Tunisia’s government is responding to Friday’s terror attack, in which a gunman killed at least 38 people and injured 39 others at the beachfront Hotel Riu Imperial Marhaba in the coastal city of Sousse, by installing an anti-terrorism law. ISIS has claimed responsibility for the attack, which was allegedly carried out by 24-year-old Seifeddine Rezgui.
Tourism to the area has taken a nosedive since the attack, which could create further turmoil in a country where 13.8% of total employment nationwide is linked to tourism. The sector also constitutes the largest economic income in the country.
2. In the latest development in the ongoing Greek debt crisis, Greek Prime Minister Alexis Tsipras announced on Sunday that the nation's banks and stock market would be closed for six business days starting Monday and impose strict limits on ATM withdrawal.
The decision was made hours after the European Central Bank stated it would not increase the levels of emergency credit that it provides to Greek banks to keep them running. Analysts say the move could impact global financial markets and undercut European unity.
Greece must make a debt payment on Tuesday, or it risks falling into default.
3. An unmanned SpaceX rocket carrying supplies to the International Space Station exploded Sunday shortly after liftoff, marking three cargo failures from three different launch providers in the past few months. Falcon 9 flights are suspended while this incident is investigated, and other planned SpaceX commercial flights for their customers will be delayed.
4. Swiss drug manufacturer Novartis is buying US-based biotech company Spinifex Pharmaceuticals, which specializes in developing treatments for chronic pain. Financial details were not disclosed.
5. General Electric has agreed to sell its fleet businesses in the US, Mexico, Australia, and New Zealand for $6.9 billion to Canada’s Element Financial Corporation, as part of its strategy to sell most of GE Capital's $500 billion in assets.
6. Wimbledon gets underway Monday, and brands have been piggybacking on coverage of the iconic sporting event. Promotion has particularly been car heavy this year.
Over the next two weeks up to 500,000 people are expected to descend on the grounds of the All England Club and tens of millions will be watching around the world.