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ECB President Lagarde said the bank does not need a stronger policy response to fallout from the Middle East conflict because inflation is expected to return to target in the medium term. Speaking to MEPs in Brussels, she said households do not expect price rises to persist, which supports the view that, with 'appropriate monetary policy action', inflation can fall from above 3% toward 2%. She added there are currently no signs of inflation expectations de-anchoring or second‑round effects that would require a stronger policy response.

China Telecom’s quantum unit and Jiuzhang (Jinan) Quantum Technology have brought the Jiuzhang-series photonic quantum computer Tianyan-P2000 into service and integrated it with China Telecom’s Tianyan quantum computing cloud platform. Built on the same core architecture as Jiuzhang No.4, the system is reported to offer online photonic quantum computational-advantage services to global users for the first time.