EU approves Italian aid for $5.4 billion STMicro chip plant
The move is part of Europe’s battle to reduce reliance on Asian imports for vital manufacturing components.
Japan confirms first currency intervention since 2022 with $62 billion in spending
Data from Japan’s Ministry of Finance confirmed the country’s first currency intervention since 2022, after the yen plunged to a 34-year-low in April.
Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut
The European Central Bank is widely expected to cut interest rates next week.
EU’s 14th sanctions package must target circumvention, energy exports, Zelenskyy advisor says
The European Union’s upcoming 14th sanctions package against Russia must do more to choke off energy exports and clamp down on circumvention by third parties, an advisor to the office of Ukraine’s President Volodymyr Zelenskyy told CNBC.
Austin expresses ‘concern’ to China defense chief over its activities in Taiwan Strait
The meeting between the two sides was the first in person talk between Chinese and U.S. defense chiefs since November 2022.
South Africa’s election portal resumes showing partial results after brief glitch
Live updates with partial results from South Africa’s parliamentary polls reappeared on the electoral commission’s website, following a glitch.
Britain cuts stake in NatWest via £1.24 billion share sale
The British government has sold 1.24 billion pounds ($1.58 billion) worth of shares in NatWest Group back to the lender, it said on Friday, decreasing its stake to about 22.5% from nearly 26% previously.
Ukraine war updates: Russia says it isn’t bluffing over threats to use nuclear weapons; ‘difficult night’ for Kharkiv
Russia’s Dmitry Medvedev said on Friday that the Kremlin isn’t bluffing over its threats to use tactical nuclear weapons against Ukraine.
CNBC Daily Open: Trump guilty in hush money trial
A New York jury convicted former President Donald Trump on all 34 felony charges of falsifying business records related to a hush money payment.
Oil alliance OPEC+ could extend production cuts this weekend as focus shifts away from Middle East tensions, sources say
The OPEC+ alliance meets on June 2 to decide the next steps of its production policy.
