Qatar and Pakistan said parties have agreed, with mediators' assistance, to establish a conflict de‑escalation coordination group between the relevant parties and Lebanon to ensure the cessation of military operations in Lebanon under the memorandum of understanding.

Evonik will extend its Evonik Custom efficiency programme and plans to cut about 3,200 positions worldwide, roughly 2,150 of them in Germany. The measures are scheduled to start in 2027 and run through end-2029. On June 22 Evonik confirmed non-Germany cuts total about 1,050, including China, but gave no country-level breakdown. The programme, launched in October 2023 with an initial target to remove about 2,800 roles by end-2026, was said by the company in May to be on track to meet its cost-reduction goals.

South Korea's exports in the first 20 days of June rose 49.7% YoY on a working‑day adjusted basis, versus a 52.6% gain in May, Korea Customs data showed Monday. Unadjusted exports were up 60.4% YoY, imports rose 23.2% and the trade surplus reached $17.5 bln. Semiconductor exports led gains, up 188.4% YoY; computer‑related shipments surged 293.3%; petroleum product exports also rose on higher energy prices. Data showed external demand remains strong, driven by rapid AI and data‑centre investment. Policymakers are assessing how sustained semiconductor strength will affect growth, tax revenue and asset prices.