ECB governing council member radev said the ECB should avoid prolonged delay in responding to fallout from the Iran war, warning inf expectations could become unanchored and that the cost of inaction may exceed earlier intervention. He said the current trade-off is asymmetric. The Middle East conflict has driven inf well above the ECB's 2% target and policymakers appear close to the first rate hike since 2023, though some officials favour waiting to assess spillovers while others cite growth ris

May 29 — The European Commission is expected to introduce measures aimed at shielding European industry from competition with China. CHINA told a foreign ministry briefing that Sino-EU trade is mutually beneficial, urged the EU to respect free trade and warned protectionism would harm European consumers and weaken industrial competitiveness. CHINA said it is closely monitoring developments and will take necessary measures to safeguard its legitimate rights.

Financial Times reports Amazon (AMZN.O) has scrapped an internal AI leaderboard to discourage employees from chasing usage scores.