EU Trade Shield vs China: EU leaders backed tougher trade defences after talks on China’s export surge, tasking the Commission to expand and “complement the toolbox” while keeping “constructive dialogue.” Ukraine Accession Focus: EU negotiators opened the “Fundamentals” cluster for Ukraine, shifting attention to how laws are implemented, not just adopted. Energy Route Rebuild: Europe is pushing alternatives to the Strait of Hormuz, with renewed interest in the India–Middle East–Europe Economic Corridor. UK Public Finances: UK borrowing jumped to £23.3bn in May, above forecasts, lifting debt-interest costs and raising pressure on Rachel Reeves’ fiscal rules. EU Digital Sovereignty: The Commission joined a new EU-based social platform, “W,” built around verified users and European hosting. Tech in China: Microsoft is scaling an AI and cloud business in China by supplying OpenAI models via Azure to major local platforms. Cuba Economic Pivot: Cuba’s Communist Party approved emergency free-market reforms to expand private enterprise and attract investment. Wealth Inequality: Europe’s ultra-rich ranks keep growing fast, with Germany adding the most $30m+ millionaires.