China Outbound Rules: Beijing rolled out sweeping new regulations tightening control over overseas deals involving Chinese investors, tech, data and national security; they take effect July 1 and add authorization and unwinding powers for sensitive transactions. Middle East Risk to Trade: Fresh US-Iran strikes underscore how fragile ceasefire talks remain, with oil and shipping disruption risks feeding into inflation and business planning. Central Banks & Inflation: Bank of Korea signaled it can focus more on inflation thanks to strong growth, while RBI economists expect rates to stay put even if May inflation rises. India Manufacturing: India’s manufacturing PMI climbed to 55.0 in May on stronger new orders and output, with stockpiling linked to ongoing Middle East uncertainty. Oman-India Trade: India’s CEPA with Oman kicks in June 1, positioning Oman as a more reliable Gulf trade and energy gateway beyond the Strait of Hormuz. Banking Deal in Uganda: Bank of Uganda approved Standard Chartered Uganda’s sale of its wealth and retail banking unit to Absa Uganda. AI & Chips: Nvidia and Microsoft are set to reinvent PCs with an Arm-based N1X processor for Windows laptops, debuting this fall. Business Resilience for SMEs: Singapore’s SME leaders say the Middle East conflict is forcing faster, more agile operations and pushing sustainability as a survival tool. Water Stress in Baguio: Philippines’ Baguio urged residents to store water ahead of a possible Super El Niño, as demand already exceeds supply capacity.