Israeli airstrike on Khan Younis in Gaza killed two.

Lens Technology said on June 12, 2026 its wholly owned unit Lens Optoelectronics has acquired a controlling stake in Tongsheng Optoelectronics to strengthen core optoelectronics technology and capacity and to move into high‑end optoelectronic hardware. Tongsheng, a domestic leader in hollow‑core optical fiber, supplies products for communications, AI compute, sensing, power transfer and medical markets; its hollow‑core fiber and optical sensing devices will bolster Lens Optoelectronics’ technology base and extend capabilities in optical waveguides, transmission and sensing, linking precision structural manufacturing with high‑end optoelectronic component production across the full supply chain.

Bundesbank president and ECB Governing Council member Nagel told German public radio that even if the Iran conflict ends quickly, prices could stay elevated for an extended period. He said supply chains have clearly changed and risk premia — notably a premium for shipping through the Strait of Hormuz — could rise, adding he doubts the economy will return to pre-conflict data levels. Nagel warned global uncertainty and structural shifts may persist beyond the regional conflict, that near-term rate rises will raise refinancing costs, and that maintaining price stability is the central bank’s most important contribution to long-term economic health.