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By Toby Sterling and Nathan Vifflin AMSTERDAM, July 20 (Reuters) – The global artificial intelligence boom has propelled ASML to the top of Europe’s stock market, as soaring demand for AI computer chips flows to the Dutch company that dominates the market for the equipment needed to make them. After blowout second quarter earnings, investors and analysts are asking a ​once far-fetched question: could ASML become Europe’s first ever trillion-dollar firm?

By Bhanvi Satija LONDON, July 20 (Reuters) – Novartis investors will look beyond Tuesday’s quarterly results for indications about three major drug trial readouts due in the second half of the year seen as vital to justifying the Swiss drugmaker’s premium valuation.

SINGAPORE, July 20 (Reuters) – Singapore’s ​Acting ‌Minister-in-charge of Muslim Affairs ‌Faishal ​Ibrahim ⁠has resigned ⁠from office over his interactions ​with ⁠a ⁠woman, local ​media ​outlets Straits Times ‌and Channel News ⁠Asia reported on Monday, ⁠citing a ‌statement ⁠by ​the ‌prime minister.

By Aditi Shah NEW DELHI, July 20 (Reuters) – For some 40 years, Suzuki cars dominated India’s roads. The Japanese company’s relentless focus on keeping prices and running costs low put millions of people behind the wheel. Hatchbacks made by its Indian arm Maruti Suzuki commanded between half and four-fifths of the country’s new car sales in recent decades.

By Joseph Campbell YAWATA, Japan, July 20 (Reuters) – The mayor of a small Japanese city became the first sitting mayor in the country to take maternity leave on Monday, a decision that has drawn some criticism at home and attracted international media attention. Shoko Kawata, mayor of Yawata, a city ​of around 69,000 people in western Japan, said she had planned to have children when she ‌became Japan’s youngest female mayor in 2023 at the age of 33.

A look at the day ahead in European and global markets from Wayne Cole. As Spain was hoisting the World Cup, the U.S. military was starting its ninth straight day of attacks on Iran, ​which in turn was striking targets across the region. Just a ‌handful of ships transited the Strait of Hormuz on Sunday and one was reported to be on fire.

KUALA LUMPUR, July 20 (Reuters) – Malaysia is expected to see record high temperatures next year as El Niño strengthens, its meteorological ​department told Reuters. The El Niño phenomenon is a ‌natural part of the weather cycle, characterised by weakening trade winds and warmer sea currents in the Pacific Ocean. Climate experts have warned of a strong or ‌super-strong ​El Niño this year, raising ⁠risks of severe weather ⁠such as droughts, floods, and heatwaves.

By Ozan Ergenay and Bartosz Dabrowski July 20 (Reuters) – European chemical companies are expected to report second-quarter results reflecting temporary support from Middle East conflict-related supply disruptions, though investors are increasingly focused on whether the uplift can counter weak demand and mounting competition from Asian producers.

By Joanna Plucinska and Dan Catchpole FARNBOROUGH, England, July 20 (Reuters) – Farnborough Airshow opens on Monday with Boeing and Airbus pursuing aircraft deals and defence firms vying for a share of booming military ​budgets fuelled by wars in Ukraine and the Middle East.

By Trevor Hunnicutt JOINT BASE ANDREWS, Maryland, July 19 (Reuters) – U.S. President Donald Trump said on Sunday that the Qatari-donated jet that serves as an Air Force One plane will soon be sent away for ​upgrades, following questions about the plane’s security features. Trump started flying aboard ‌the jumbo jet on July 1 after accepting the plane as a gift last year, when an accelerated effort to renovate the Boeing 747 for presidential use began.