US job openings jump to nearly two-year high as layoffs fall

The figures suggest labour demand is steadying this year, after near-zero job growth in 2025

US President Donald Trump said on Monday that negotiations with Iran were continuing and a deal to extend the ceasefire and reopen the Strait of Hormuz over the next week would be in place.

Oil drops as Iran reviews proposed US agreement

Brent crude futures fall 0.7% to US$94.29 a barrel at 1307 GMT

President Prabowo Subianto on May 20 announced that Indonesia would centralise exports of strategic commodities through Danantara Sumberdaya Indonesia.

Indonesian business groups call for clarity about new commodity export rules

They are also seeking legal certainty on ongoing and long-term contracts, as well as payments, among others

A ceasefire has largely held since early April, but Iran and the US have exchanged strikes several times over the past week.

Iran studying deal to halt war as stalemate persists

Trump says talks for a deal are continuing; sources say Teheran is pushing for a limited interim agreement

Tesla's new registrations rebounded in several European markets in May, extending a recovery after earlier demand weakness in the continent.

Tesla extends Chinese-made EV growth as sales surge in May

Deliveries of its Model 3 and Model Y vehicles from its Shanghai plant is up 8.2% at 85,982, data shows

It could take six to eight months in the best-case scenario to reopen the Strait of Hormuz if an agreement was reached today, says an IEA official.

IEA sees possibility of critically low oil stockpiles ahead of peak summer demand

Around half of the initial 400-million-barrel coordinated release from March is yet to hit the market

WMO secretary-general Celeste Saulo says a strong El Nino will "exacerbate drought and heavy rainfall and increase the risk of heatwaves".

UN urges the world to be ready for extreme heat risk from El Nino

The World Meteorological Organization predicts that the weather pattern will likely continue until November

US President Donald Trump has cited rising costs as a justification for the move. 

US cuts tariffs to boost investment in industrial economy

Import taxes on farm and construction equipment are set to drop to 15% from 25%

Indicators from PMI surveys to the ECB’s own data point to growing pressure on the real economy.

Eurozone inflation rises again, reinforcing case for ECB hike

Consumer prices increase to 3.2% in May from 3% a month earlier, well above the central bank’s 2% target

A glut of apartments has hit the UK market in the past two years, as new, tougher regulations around property-letting have prompted many landlords to sell up.

Homeownership is not working out for the UK’s middle-class millennials

Rising service fees on apartments and a tight market for houses leave them stuck in place or falling behind