Global Business

--Israel and Lebanon agree to framework to end hostilities --China and Brazil strengthen partnership in public health --"Russian Davos" underway in St. Petersburg

-China leads in solar-plus-storage model development -Chinese Vice President Han Zheng attends St. Petersburg International Economic Forum -EU unveils long-awaited technology sovereignty plan to cut external reliance

--OECD: Iran war puts global economy at recession risk --Lao president visits China with focus on AI and sustainability --Brazil-China research targets next generation of biofuels

-Lao leader visits tech companies in Hangzhou on first stop of his five-day state visit -China's services activity grows at fastest pace in three months in May -Gold becomes top global reserve asset in 2025

--Eurozone inflation rose to 3.2% in May as ECB weighs rate hike --Chinese medical team arrives in DR Congo to help with fighting Ebola --US visitor numbers dropped 5.5% in 2025: World Travel and Tourism Council

-Merck doubles down on China with new GBA innovation hub -RCEP drives deeper trade integration across all member economies -Humanoid robot maker Unitree clears listing review

--Iran media: Tehran suspends talks with US over Israeli strikes on Lebanon --International Conference on Robotics & Automation begins in Austria --The Bahamas braces for summer of severe weather

-China's manufacturing sector expands for sixth straight month in May, led by high-tech manufacturing -Major Chinese tech firms gear up for IPOs amid hard tech listing boom -International forum under UNESCO framework discusses leveraging new technologies for heritage preservation

--Brazil's economy grew 1.1% in Q1 of 2026 --Dell shares soar on its revenue growth fueled by AI --Fine art emerges as the new safe haven asset

-German Economy Minister Reiche visits Guangzhou as entrepreneurs push for greater collaboration in new materials and green energy -US inflation surges at fastest pace in 3 years amid Middle East tensions, reinforcing expectations that Fed may forego cuts to interest rates -Niche sports like rock climbing gain solid foothold in China, driving new wave of consumer demand

--Oil prices fall amid reports of tentative US-Iran deal --US Q1 GDP growth downgraded to 1.6% --US, Mexico begin trade talks focused on auto content rules

-Chinese Commerce Minister Wang Wentao holds talks with German Economy and Energy Minister Reiche in Beijing -Global maritime leaders gather in Ningbo to discuss maritime governance and supply chain security -ECB warns of increasing financial stability risks for the eurozone

--Oil prices fall as US-Iran talks show progress --US public anger grows over who could receive payouts from the "Anti-Weaponization Fund" --Uganda shuts its border with DR Congo to curb Ebola spread

-China's major industrial firms see profits jump over 18% in first four months of 2026, led by high-tech manufacturing -CXMT Memory pushes for IPO, becoming first company to pass STAR Market's new pre-review mechanism -ECB executive board member calls for benchmark rate hike at next month's meeting amid inflation pressures

--Chinese FM Wang Yi chairs Security Council meeting on UN Charter --Higher energy costs have begun to impact US housing market --US aid cuts and WHO exit deepen Ebola crisis

--China, Pakistan issue joint statement to deepen bilateral partnership during PM Sharif's visit --AI Matrix Store opens in Shanghai, showcasing over 500 AI products and futuristic lifestyle --US businesses battle rising costs, labor shortages ahead of FIFA World Cup tourist boom

--China and Serbia pledge to strengthen strategic ties --US, Iran in Doha talks, signaling progress --SpaceX targets 1.75 trillion US dollars, largest float in history

-Pakistani PM attends investment conference in Hangzhou -Pakistan issues its first-ever Panda Bond in China -Xizang 75 Years On: Grid connection transforms life in Xizang

--Kevin Warsh sworn in as US Fed chief --AI fuels initial public offering boom --Cannes Film Festival grapples with AI revolution

--2026 APEC trade ministers meeting kicks off in Suzhou with focus on regional cooperation --IEA chief warns global oil market may enter "red zone" in July-August without Strait of Hormuz reopening --Xizang advances higher-level opening up, marking 75 years since peaceful liberation

--Trump rolls back US environmental rules on refrigerants --SpaceX to break from traditional IPO model --APEC 2026 talks target digital trade, green growth and supply chains

--Xi calls for higher-quality China-Russia comprehensive strategic coordination to drive development --Tourism boosts local incomes in Xizang as coffee culture takes root in the Himalayas --Samsung Electronics shares surge after 11th-hour deal with ROK union leaders

--China and Russia agree to further extend treaty of good-neighborliness and friendly cooperation --Nvidia's Q1 revenue topped 81.6 billion US dollars --US companies move to reclaim fees paid under levies ruled unconstitutional

-Russian President Putin is in Beijing for state visit to China -China highlights support for private sector -Cargo traffic through the Strait of Hormuz rebounds as Iran trade rises

--Russian President Vladimir Putin begins two-day state visit to China --Google debuts new editions of its AI tools --Cuba endures worst rolling blackouts in decades