AP: Acting US Attorney General Todd Blanche said the Trump administration will abandon plans to create a $1.8 billion fund intended to "compensate" the president's allies after widespread political backlash and court setbacks.

The ECB is expected to raise its key rate next week — its first move since 2011 — aiming to send a clear signal on inflation. Economists warn the action risks repeating 2011, when two oil-driven hikes were quickly reversed after policymakers misjudged a sovereign-debt-hit euro area, costing the central bank credibility. Sami Char, chief economist at Lombard Odier, said they spent a decade rebuilding trust and risk repeating that error. Holger Schmieding, chief economist at Berenberg, said a June hike may withstand the current shock with limited damage, but further tightening could delay recovery after Iran-related developments and might even push the euro area into a short, avoidable recession.

June 3 — Qianxun Intelligence said it raised CNY1.5bn in an A+ financing round from a mix of top-tier US dollar funds, large strategic industry investors and state-backed capital, with existing shareholders increasing their stakes. Proceeds will be allocated to three areas: R&D and iteration of a next‑generation embodied AI base model, building a global real‑data infrastructure, and scaling commercial deployment across multiple industry scenarios. This is Qianxun’s fourth fundraising round in three months, bringing total proceeds to nearly CNY5.0bn.