Market news: The New York Times has applied to impose sanctions on OpenAI.

ECB accounts: while projections already include almost three 25bp rate hikes, overall inflation is expected to rise further this summer and remain well above target in 1H 2027.

Hyundai Motor Group said on Thursday it has completed HTWO Energy, South Korea's first facility producing clean hydrogen from biogas extracted from sewage sludge. Located inside a municipal wastewater treatment plant in Cheongju, about 137 km south of Seoul, the 7,500 sqm site has an initial daily hydrogen output of about 500 kg — enough to refuel roughly 100 Hyundai Nexo fuel‑cell cars or 30 fuel‑cell buses. The plant includes biogas upgrading to biomethane, steam‑reforming of biomethane to hydrogen and a liquid CO2 production unit. Hyundai plans to raise the facility's average daily hydrogen capacity to 2 tonnes by 2030.