Monetary Policy Shock: The Bank of Japan lifted rates to a 31-year high of 1.0% as crude-linked inflation risks and a weak yen feed into prices, with policymakers split on the move. China Growth Watch: China’s industrial output accelerated in May, but retail sales fell and fixed-asset investment dropped 4.1% in the first five months, keeping pressure on demand. Trade and Inflation Signals: Euro area goods trade swung from a surplus to a €1bn deficit in April as energy imports rose faster than exports, while inflation remains a live issue for central banks. US-Iran Deal and Markets: A US-Iran peace step is boosting investor sentiment and easing energy costs, but frozen-asset releases are tied to conditions around reopening the Strait of Hormuz. Corporate & Legal: A US judge dismissed xAI’s trade-secret lawsuit against OpenAI, dealing another blow to Musk’s legal fight. Dealmaking & Capital Flows: Abu Dhabi launched a $15bn PPP pipeline to broaden funding sources and shift project risk to private capital. Startup Funding: India’s SolarSquare raised $53m to expand rooftop solar and storage offerings. Small-Business Reality Check: Youi told a parliamentary inquiry that broker commission models can block service for small firms, pushing insurers toward direct distribution.