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President Trump told ABC News he expects an agreement with Iran within a week to extend a ceasefire and reopen the Strait of Hormuz, saying progress is "going well." He described a recent incident as a "hiccup" that he quickly resolved, saying it aro

2026-06-02

President Trump told ABC News he expects an agreement with Iran within a week to extend a ceasefire and reopen the Strait of Hormuz, saying progress is "going well." He described a recent incident as a "hiccup" that he quickly resolved, saying it arose from Iranian anger over an Israeli strike in Lebanon. Trump said he phoned Hezbollah and Prime Minister Netanyahu, told both to stop firing, and that shooting ceased. He called a peace agreement potentially "even better than a military victory" and said he has not yet signed a memorandum to reopen the strait because several key terms still need to be finalized.

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2026-06-01

Germany's real retail sales fell 0.3% year-on-year in April, compared with -2% in the previous month.

Germany's real retail sales fell 0.3% year-on-year in April, compared with -2% in the previous month.
2026-06-02

The European Commission is weighing a proposal to grant member states extra fiscal flexibility to cushion rising energy costs tied to tensions with Iran, people familiar with the matter said. Under the proposal, governments would be allowed additiona

The European Commission is weighing a proposal to grant member states extra fiscal flexibility to cushion rising energy costs tied to tensions with Iran, people familiar with the matter said. Under the proposal, governments would be allowed additional energy-related spending outside EU fiscal rules equivalent to roughly 0.3% of GDP, implemented as an exemption clause akin to the existing defense-spending carve-out. Italy, already highly indebted and facing elevated energy bills, has been among the strongest advocates for expanded fiscal leeway.
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