Putin says Russia's budget deficit may widen this year.

On June 5 at Qualcomm's 2026 Automotive Technology and Cooperation Summit, NIO founder, chairman and CEO Li Bin said automakers must become AI companies and smart cockpits must become AI cockpits. He said AI is reshaping next‑generation cockpit experience and ushering in a cognitive‑cockpit era, and that future core cockpit experiences must be fully agentized. NIO is advancing toward that goal in its in‑vehicle cockpit experience, with some functions already deployed in production vehicles.

The Baltic Dry Index fell on Friday as Capesize and Panamax freight rates declined. The BDI dropped 56 points, or 1.8%, to 2,981, down 7.5% for the week. The Capesize index fell 147 points, or 2.9%, to 4,893, sliding 11.1% on the week; Capesize average daily earnings fell US$1,333 to US$40,871. The Panamax index fell 18 points to 2,236, down 4.6% for the week; Panamax daily earnings fell US$164 to US$20,121. The Supramax index rose 4 points to 1,588, up 1.2% for the week.