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President Donald Trump signed an interim deal to end the war with Iran and reopen the Strait of Hormuz, speeding up the timeline for the agreement to go into effect despite blowback from Republicans who said it amounted to a victory for Tehran.

European Council President Antonio Costa has made contact with the Kremlin in an effort to engage Russian President Vladimir Putin in discussions about how to end the war in Ukraine, according to people familiar with the matter.

French President Emmanuel Macron will lead talks with Group of Seven leaders and tech executives to explore how to deploy the most advanced artificial intelligence models through so-called trusted partners, after the US blocked foreign nationals from accessing the technology.

For years, BMW AG stood apart from rival German carmakers when it came to withstanding the pain of increased competition in China.

Artificial intelligence can potentially lead to dangerous financial crises, and the European Central Bank is determined to ensure that doesn’t happen, President Christine Lagarde said.

The US and Iran are expected to formally sign a memorandum of understanding on June 19 in Switzerland, paving the way for 60 days of talks aimed at ending their war for good and putting strict new limits on Iran’s nuclear program.

European Central Bank officials are signaling that a US-Iran peace accord won’t necessarily stop them lifting interest rates further, even if it prevents a more pronounced overshoot in inflation.

Governments around the world look to be facing lofty borrowing costs for at least the rest of the year, even as the fragile Middle East truce lowers energy prices and curbs inflationary fears.

BMW AG said its profit margin could dwindle to as little as 1% this year as weakening Chinese demand and fallout from the Middle East conflict take a growing toll on what had been Germany’s most resilient automaker.

With the recent crackdown on Anthropic, the Trump administration has given global leaders another reason to panic about their place in the technology race.

WIFO-Chef Gabriel Felbermayr sieht das Iran-Abkommen zwischen Teheran und Washington – sofern es hält – positiv. Das sei jedenfalls etwas, was „uns konjunkturell und bei der Inflationsbekämpfung sehr helfen“ werde. Auch für das Doppelbudget sah Felbermayr am Dienstag im Ö1-Interview nun etwas bessere Chancen, dass es hält. Die Internationale Energieagentur (IEA) sieht eine Bedingung für die globale Erholung.

Der zweite Tag des G-7-Gipfels im französischen Evian ist ganz im Zeichen von Bemühungen um ein Ende des Ukraine-Krieges gestanden. In einer Erklärung heißt es, man werde die Sanktionen verschärfen. Zudem habe man vereinbart, die Waffenlieferungen auszuweiten. Auch US-Präsident Donald Trump zeigte sich nach monatelanger Beschäftigung mit dem Iran-Krieg wieder bereit, auf ein Ende des Krieges in der Ukraine hinzuarbeiten.

The European Union’s US trade deal is close to being implemented after the bloc’s lawmakers gave their final approval, forging ahead despite ongoing transatlantic trade tensions.

China’s consumer spending contracted last month for the first time since the pandemic and investment deteriorated, exposing risks still facing the economy even as it benefits from booming exports and a deescalation in tensions around Iran.

US import prices surged in May amid soaring costs of computer equipment, plastics and air travel, the latest evidence of the inflationary impact of the Iran war and the data center boom.

The Bank of Japan raised its benchmark interest rate to the highest since 1995 and signaled that further policy normalization lies ahead, at a policy meeting convened without the governor in attendance.

More central banks than ever expect to increase their gold reserves, a sign one of the key forces behind bullion’s record-breaking rally remains intact despite this year’s pullback.

With less than a year left in office, Emmanuel Macron wants to be remembered as the French president who put Europe back in the technology race.

The head of Germany’s state development bank warned that a rising tide of political extremism poses a threat to foreign investment in Europe’s biggest economy.

The Group of Seven leaders will “further discuss emerging opportunities and potential risks arising from AI, notably in the financial sector,” according to a draft statement seen by Bloomberg that’s subject to change.

Switzerland looks set to reject capping its population at 10 million people, a radical proposal that would have marked an escalation in efforts by wealthy nations around the world to put strict curbs on immigration.

The US and Iran have reached a peace deal, including the end of military operations, President Donald Trump said.

Anthropic PBC said the US government has issued an export control directive to suspend all foreign access to its Fable 5 and Mythos 5 artificial intelligence models.

President Donald Trump said an interim deal to reopen the Strait of Hormuz and end the conflict with Iran would be signed on Sunday, even as both sides have differed on the details.

European Central Bank Governing Council member Primoz Dolenc said Thursday’s interest-rate increase was necessary to keep prices in check while officials consider the broader implications of conflict in the Middle East.

Volkswagen AG, Stellantis NV and Renault SA are joining forces to push for regulation favoring automaking in Europe to help them compete with a surge of affordable cars from China.

French startup Mistral AI is in talks to raise around €3 billion ($3.5 billion) at a valuation of roughly €20 billion, according to people familiar with the discussions, providing Europe’s artificial intelligence champion with a cash injection as it competes in a costly computing race against competitors in the US and China.