Reports say China EV maker XPeng has entered the yacht market with a project codenamed Flying Fish and has formed a dedicated R&D team of nearly 100 people led by vehicle architecture head Qian Zhanwei. The project is said to remain in early R&D with no technical specs or launch timetable disclosed. XPeng said it was "not aware" of the matter. Automakers including Mercedes‑AMG, Lamborghini, Porsche and Lexus have previously moved into the yacht segment.

The Zimbabwe Trade Promotion Council said on the 10th Chinese firms have helped shift Zimbabwe's exports toward higher-value goods and supported a narrowing of the trade deficit. Council data show exports rose 48% YoY to $3.57bn in Jan–Apr 2026; the trade deficit narrowed to $295m from $582m a year earlier. CEO Allen Majuru said the improvement largely reflects higher output from Chinese‑invested projects and an accelerated move from raw-material exports to higher-value manufactured products. The council identified the UAE, South Africa and China as Zimbabwe's top three export destinations.

Analyst Horobin says the ECB's "well placed" phrase first appeared in its March statement after the attack on Iran. Today's statement gives almost no explanation for why that judgement still holds. In April the bank partly attributed the assessment to economic resilience and pre-crisis inflation near 2%. Horobin flags the key question for Lagarde at the press conference: why does the ECB still consider itself "well placed" given changed circumstances, and what does that imply for future policy?