Global Business

-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