Global Economy & Trade

🇨🇳 China’s Iron Ore Surge

• Despite a 6.9 % drop in steel output in May, China has boosted iron ore imports by 11 %. Lower prices and inventory restocking have driven demand
• With steel production stagnant due to property market weaknesses and elevated U.S. trade barriers, analysts question the durability of this import trend 

🏦 Central Bank Policies

• The UK held interest rates steady, while Norway and Switzerland signaled rate cuts—highlighting global variance in inflation control and growth strategy 

🏗 G7 & Infrastructure Spending

• At the G7 Summit in Canada, leaders pushed for de-escalation in the Middle East and green, resilient infrastructure investments
• Canada announces a proposed £725 bn UK infrastructure plan, spotlighting fiscal and strategic priorities