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BREAKING NEWS: EU Commission announces preliminary tariffs up to 38% on Chinese EVs (www.euractiv.com)

The EU will impose additional tariffs of 17.4% to 38.1% on electric cars produced in China, the European Commission announced on Wednesday (12 June), as preliminary results from its anti-subsidy investigation confirmed prices are being distorted by Chinese state support....

US will send Ukraine another Patriot missile system after Kyiv's desperate calls for air defenses (apnews.com)

The United States will send Ukraine another Patriot missile system, two U.S. officials said Tuesday, answering Kyiv’s desperate calls for more air defenses as it battles an intense Russian assault on the northeastern Kharkiv region....

China’s credit engine, which once powered industries and markets all over the world, is stuck in low gear – and set to stay there (www.bloomberg.com)

Data for May due this week is forecast to show a resumption of loan growth after a shock contraction in April, the first for almost two decades. But nobody expects a return to the days when Beijing would engineer borrowing booms to speed up the world’s second-biggest economy....

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