June is normally a seasonal trough for China’s construction machinery sector, but production lines are running at full capacity, electric models are in acute shortage and delivery cycles have lengthened significantly. New-energy construction equipment sales remain strong: Jan–May electric loader sales totaled 20,819 units, up 90.9% YoY. Electrification is becoming the industry's primary growth engine. Exports are also elevated: Jan–May construction machinery trade was $28.911 bln, up 19.5% YoY,

IAEA Director General Grossi said he believes Iran's nuclear material has not been transferred since the last inspection in 2025, but this still needs to be confirmed.

This week's heatwave across Western Europe broke temperature records in the UK and France and is straining health systems and power grids. Concurrent heat and drought are spreading into the real economy, damaging crops and disrupting supply chains while increasingly reducing household incomes. A study in Global Environmental Change found that over roughly the past 20 years such extreme weather lowered European household annual income by nearly 3% versus a no-event counterfactual and put about 5.6 million people at risk of falling into poverty. Income hits are larger where hot, dry conditions are more frequent because high temperatures cut labor productivity and raise heatstroke and cardiovascular illness. The study warns that, without strong climate action, Europe could face double-digit income losses in the future.