Bank of England governor Bailey said the public must be convinced the 2% inf target is credible.

On June 1 local time Iranian state TV released footage of IRGC Navy patrols in the Strait of Hormuz. Tehran said these day-and-night operations are routine; fast boats are tasked with guiding and directing vessels and intercepting any ship that violates or ignores warnings.

CNBC reports Anthropic has confidentially submitted an IPO registration statement to the US SEC. OpenAI founder Altman said he had only just learned of the filing and that there is no competition to be the first publicly listed AI company; he framed the contest as one over technology and building the best business, called an IPO a financing event, and said OpenAI will go public when the timing is right.