SQUAWK BOX, WEDNESDAY 7TH JULY, 2021

Chinese ride-hailing app Didi Chuxing has sparked a sell-off on its first trading day in New York after Beijing authorities ordered a cyber security review into the company. We hear from French Economy Minister Bruno Le Maire who voices confidence that the new global corporate tax deal will be endorsed and welcomed across both Europe and the U.S. The Pentagon annuls a deal with Microsoft secured during the Trump administration. The Jedi Cloud contract, worth $10bn, will now spark a bidding war with Amazon. In energy news, the Opec+ output policy stalemate forces oil prices to slide from their six-year high. Saudi Arabia’s Energy Minister Abdulaziz Bin Salman tells CNBC that the cartel remains united. And Chinese Tesla rival, Xpeng, has launched its Hong Kong IPO, raising $1.8bn.