EU–China Trade Talks: The EU and China agreed to hold three months of minister-level talks to cool tensions over a €360bn trade imbalance, with a push for “tangible results” by an October meeting in Beijing. Global Supply Chains & Air Cargo: IATA reported May global air cargo demand rose 6.0% year-on-year, with Asia-Pacific up 8.0%, while Middle East carriers saw an 8.9% contraction amid war-related impacts. Senegal Constitutional Power Shift: Senegal’s National Assembly passed a constitutional reform that curbs the president’s powers, and President Bassirou Diomaye Faye says a national referendum will follow. Serbia Election Maneuver: President Aleksandar Vucic says early elections will be held in the next 3–4 months and that he will resign ahead of the vote, a move critics see as a path back to power as prime minister. Malaysia Economic Moves: Malaysia advanced halal import substitution via its HIMP 2030 plan, backed subsidy rationalisation with targeted support for MSMEs, and highlighted new investment MoUs tied to semiconductors, AI, renewables and aerospace. Tech, Markets & Policy: The U.S. may revise core PCE inflation lower after planned methodology changes, while BIS warns AI could raise risks for the global economy. Business & Local Growth: Apple Maps ads are set to expand in the U.S. and Canada, and India’s Cabinet approved an extra Rs 30,000 crore for NIIF to crowd in infrastructure and global capital.