ECB Governing Council member Nagel said inflation will remain above target in 2027.

Lingang Group, Shanghai Guotou Leading Fund and China Merchants Bank co-hosted a Link-series semiconductor and artificial intelligence industry financing and networking session at Shanghai’s Caohejing Technology Oasis. Nearly 100 investors attended and more than ten hard-tech firms pitched AI compute chips, advanced storage, optical interconnects and critical equipment and materials; on-site industry–finance matchmaking was efficient and in-depth.

The Russian government on June 30 ordered the temporary closure, effective July 1, of multiple rail border crossings with Latvia, Finland and Estonia, according to a document posted on Russia’s official legal portal. The closures include the St. Petersburg–Finland and Vyborg rail crossings and three additional Russia–Finland crossings, plus one Russia–Estonia and one Russia–Latvia rail crossing. From July 1 the listed crossings will suspend all passage of people, vehicles, goods and cargo. The government gave no reason for the closures.