Indian government said diesel export duty will be 13.5 rupees per litre from June 1.

Shenzhen’s property-policy package marked one month. On April 29 the city eased purchase limits by district and raised housing provident fund loan caps. Industry watchers say May normally cools after a March–April spring uptick, but Shenzhen diverged this year. Beike Research Institute monitoring through May 27 shows May new-home residential transactions at 3,970 units (+51% YoY), resale transactions at 5,006 units (+21% YoY) and combined residential transactions at 8,976 units (+33% YoY).

U.S. Defense Secretary Hegseth urged allies and partners to raise defense spending to 3.5% of GDP.