China's motorcycle industry association issued a public proposal urging manufacturers, exporters and parts suppliers to avoid steep discounting and disorderly competition, strengthen intellectual property protection, improve product quality and coordinate overseas market practices. China exported 18.23 million motorcycles in 2025, according to the association.
The World Bank said in its latest Global Economic Prospects report that it expects global growth of 2.5% in 2026, down from 2.9% in 2025. It cited higher energy prices, firmer inflation and increased borrowing costs linked to conflict in the Middle East, calling the pace the weakest since 2019.
The International Labour Organization adopted Convention No. 193 at the International Labour Conference in Geneva on June 12, 2026, creating the first binding international standards for digital platform work. The measure establishes rules covering employment protections for gig workers and includes international provisions on algorithmic management.
The Justice Department's Antitrust Division closed its eight-month review of Paramount Skydance's planned roughly $110 billion purchase of Warner Bros. Discovery, saying the transaction is unlikely to reduce competition in streaming, linear television, or theatrical film distribution. The approval was issued without conditions and did not require asset sales.
Pakistan is due to present a federal budget of more than Rs17 trillion for fiscal year 2026-27 on Friday, combining revenue increases and spending restraint while seeking to protect lower-income households. Average CPI inflation was reported at 6.7% in July-May, with price stability maintained despite higher energy-price pressure linked to the Gulf conflict.
Fuel stations in Crimea ran out of petrol on Thursday, according to Reuters witnesses, after new Ukrainian drone strikes on supply routes. The developments came as Russian authorities said domestic gasoline supplies remained sufficient, highlighting disruption in the peninsula linked to the latest attacks.
Flutter said it intends to delist from the London Stock Exchange in August 2026 and retain its primary listing on the New York Stock Exchange. The company said the move reflects trading activity in its shares on the LSE and the additional costs associated with maintaining the listing.
The World Bank said global growth is projected at 2.5% in 2026, down from 2.9% in 2025, marking the weakest pace since the COVID-19 period. It said a scenario involving larger energy supply disruptions and significant financial market stress could reduce growth to 1.3%.
Trump said the United States is close to an agreement with Iran to de-escalate the conflict and that planned strikes set for Thursday were canceled. Reports said the discussions include reopening the Strait of Hormuz to shipping, while Iranian officials said no final decision has been made.
Oil prices rose by more than $1 after Iran said the Strait of Hormuz was closed following additional U.S. strikes on Iranian cities. The move raised concerns over Middle East supply flows, while the U.S. Energy Information Administration said lower 2026 demand could limit the impact of disruption on prices.
The United States launched a second round of airstrikes on Iran early Thursday after Trump said additional attacks could follow if Tehran does not accept a deal. Iran responded with strikes toward Bahrain, Kuwait and Jordan, while negotiations remained unresolved and oil prices rose amid Strait of Hormuz tensions.
Britain’s Competition and Markets Authority has opened an investigation into whether Ryanair’s mandatory family seat charge, usually about GBP8 each way, may breach consumer law. The review covers whether the fee effectively charges parents for seating linked to child-safety and disability obligations and how the charge is presented during booking.
Ethiopia approved a draft federal budget of 2.34 trillion birr for the next fiscal year, about 21% higher than the previous year, with spending directed to regular and capital outlays and transfers to regional governments. Authorities expect a budget deficit of 1.4% of GDP, while debt restructuring talks, including with Eurobond holders, continue.
French President Emmanuel Macron is set to chair a Thursday video conference on global economic imbalances involving G7 members, China and the International Monetary Fund. Other countries invited to the G7 summit, including Brazil, South Korea, India, Kenya and Egypt, are also expected to take part.
The World Bank said Cambodia’s economy remained resilient, with foreign direct investment reaching $5.1 billion, or 10.1% of GDP, in 2025, up 15% from a year earlier. Goods exports excluding gold increased 17.7% year on year in the first quarter of 2026, according to its June update.
Brazil’s Senate Constitution and Justice Committee approved a proposal expanding the central bank’s financial and administrative autonomy, including exclusive authority over Pix regulation and limits on transferring the payments system to another entity. Trade groups for banks, fintechs and payment companies publicly supported stronger central bank supervisory authority.
The U.S. military said it carried out strikes on Iranian air defense, ground-control and surveillance radar sites near the Strait of Hormuz after a U.S. Army Apache went down off Oman. Two crew members were rescued and were in stable condition. Iranian media reported explosions in Qeshm, Sirik, Bandar Abbas and near Jask.
Iran said U.S. strikes hit two water reservoirs in the Sirik area of southern Iran, disrupting drinking water supplies for about 20,000 residents, including villages in the Bamani district. Local authorities were assessing damage to the water infrastructure, according to reports citing Iranian officials and state media.
U.S. average retail prices for 100% ground beef reached $6.899 per pound in May, according to BLS data. USDA said a new New World screwworm case was confirmed in a calf in La Salle County, Texas, bringing the reported total in the state to six, while cattle futures ended lower Monday.
The European Central Bank halted new product launches by Revolut’s European arm across the European Economic Area last summer, according to notifications made in July 2025. The bank also required an independent review and asked Revolut’s board to examine how future launches could affect capital, liquidity and internal approvals.
Ares Management said it raised $8.5 billion from institutional investors for its latest specialty credit fund, exceeding its $6.5 billion target and hitting the fund's hard cap less than six months after its January 2026 launch. The fundraising was disclosed amid slower flows from retail and wealthy clients and higher redemption requests.
The Bank of Canada left its overnight rate unchanged at 2.25%, saying weaker economic activity and higher inflation complicate policy decisions. Officials said inflation is expected to be near 3% in coming months, broad-based price pressures from energy remain limited, and growth is projected to resume in the second quarter while economic slack persists.
International Criminal Court chief prosecutor Karim Khan has been suspended after the court’s governing body referred him for disciplinary proceedings following an investigation into allegations of sexual harassment or misconduct involving an aide. Khan has denied wrongdoing. The Assembly of States Parties is set to hold a special session and vote on whether he can remain in office.
Germany and France have agreed to end their joint next-generation fighter program, which paired a core aircraft with drones and a classified combat-cloud network after months of uncertainty. Berlin and Paris are now focusing on a combat cloud linking aircraft, drones and sensors and may pursue separate national designs, prompting Airbus to seek new partners.
