Jefferies global economist Mohit Kumar says markets fully price a 25bp ECB hike tonight, which he expects will be the only move in this tightening cycle. The next potential window is September when new ECB staff forecasts are released. In an upside scenario—conflict ends and oil trades near $80—need for another hike would diminish; in a downside scenario—conflict persists, oil nears $100 and Europe approaches or enters recession—the ECB would be unlikely to raise rates consecutively during a rec

Draft of Changchun’s auto-industry 15th Five-Year Plan says China’s auto market has entered a stock-competition phase and industry profit margins fell to 4.1% in 2025, below the industrial average. The draft signals accelerated consolidation with central government support for mergers and group-style management, projecting domestic vehicle-maker groups will shrink from 71 to about 15 by 2030. Against heightened competition and stronger regulation, FAW’s production and sales in Changchun have declined recently, leaving it exposed to potential central SOE strategic restructuring.

Canada's privacy commissioner found XAI violated Canadian privacy law. X Corp and XAI launched Grok, an AI-powered image-generation tool, but failed to implement appropriate privacy safeguards.