Shipping giant Saade signaled openness to spinning off its logistics business.

ECB President Lagarde said the June rate increase was the correct decision, noting most Governing Council members were ready to act in April but postponed until June due to insufficient information. She said external supply shocks are still transmitting into broader parts of the economy, though second-round inflation effects have not yet emerged. Lagarde added the recent US‑Iran peace deal has pushed oil prices down and eased inflationary pressure, but indirect price effects continue to spread and the ECB will keep inflation risks under close watch.

July 2 in Beijing, China Transport Minister Liu Wei met UK Transport Secretary Heidi Alexander to discuss bilateral transport cooperation. Liu said China will use the 15th Five-Year period to complete a modern integrated transport system and accelerate construction of a high-quality national multimodal network, prioritising integration, safety upgrades, digitalisation and green transition. Both sides agreed to implement leaders’ consensus, deepen maritime and shipping cooperation, strengthen communication within the International Maritime Organization, establish cooperation mechanisms and pursue practical outcomes.