1. China tells EU it does not want to see Russia lose its war in Ukraine: sources
Chinese Foreign Minister Wang Yi told the European Union’s top diplomat on Wednesday that Beijing did not want to see a Russian loss in Ukraine because it feared the United States would then shift its whole focus to Beijing, according to several people familiar with the exchange.
2. Did Trump get his ‘Big Beautiful Bill’ at the US dollar’s expense?
The passage of a sprawling budget bill has raised concerns over the long-term debt of the United States, which analysts said could compound already heightened worries over the reliability of the country’s currency as a safe-haven asset.
3. China-EU tensions rise as Beijing levies anti-dumping tariffs on European brandy
China has decided to levy anti-dumping tariffs on European brandy, mostly produced in France, for the next five years – an announcement made while Foreign Minister Wang Yi is on his European tour seeking to resolve trade disputes and improve ties amid a reshuffle of global trade dynamics introduced by the United States.
