The 10 most important things in the world right now

A Nothern Ireland Loyalist a a bonfire in Belfast’s Sandy Row area. The lighting of the bonfires at midnight marks the start of the annual 12th of July celebrations in the Protestant community. Orange marches and demonstrations celebrate the Battle of the Boyne in 1690 when Protestant King William of Orange defeated Catholic King James II. Photo: Jeff J Mitchell/Getty Images.

Hello! Here’s what you need to know on Wednesday.

1. Donald Trump Jr. posted the email exchange promising dirt on Clinton as “part of Russia and its government’s support for Mr. Trump”. He did it, apparently, to scoop New York Times plans to publish them. The first email was from Rob Goldstone, a music publicist for a Russian pop star, to set up a meeting offering “official documents and information that would incriminate Hillary”. Trump Jr. responded, “If it’s what you say I love it.”

2. “I probably would have done things a little differently,” Trump Jr. said following their release. The New York Post called the President’s son “an idiot” in a editorial following the revelations.

3. Islamic State leader Abu Bakr al-Baghdadi really is dead. The Syrian Observatory for Human Rights confirmed his death to Reuters just days after the Iraqi army recaptured the IS stronghold of Mosul. Russia had claimed last month that the IS leader had been killed in an air strike.

4. The UK housing market is stagnant. Land Registry data shows Britain’s annual house price growth was 5.6% in June, well down on 8% figure 12 months ago.

5. Thailand has finally approved a $US5.2 billion high speed rail link that will connect with China. Disputes over financing, loan terms and labour regulations delayed the project, which will run from Bangkok to Singapore, as well as north to Laos, and then to Kunming in Yunnan province, China.

6. The US THAAD missile defense system in South Korea shot down a simulated, incoming intermediate-range ballistic missile (IRBM). US officials said the test missile is similar to the ones being developed by North Korea and comes a week after Pyongyang’s July 4 test firing.

7. A Bank of England rate-setter summed up the biggest economic risk from Brexit. Ben Broadbent, deputy governor for monetary policy, said if Brexit led to a “significant curtailment” in Britain trade with the EU, there could be significant damage if the UK had to shift away from producing the things it’s relatively good at, and export, and to less efficient products to plug gaps.

8. It looks like the hot streak for European stocks is starting to cool. Deutsche Bank’s equity strategy team noted that after 15 weeks investors began to sell last week following a shift in rhetoric from several European Central Bank officials.

9. The custom suit Conor McGregor wore to the Mayweather press conference had a rude message woven into it. Meanwhile, Mayweather owes US tax authorities $22.5 million from 2015, the year he fought Manny Pacquiao.

10. Eddie, the 15-year-old work experience kid, took charge of the social media account of Britain’s most hated train company. It went surprisingly well and #AskEddie seemed to cool much of the anger normally directed at Southern Rail.

And finally…

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