UAE told Iran that serious diplomatic channels are the preferred way to resolve the current crisis.

The ruling coalition led by Chancellor Merz is negotiating a personal income-tax cut of up to €20 billion as part of a push to advance broader reforms. Parties remain split on how to finance the measure; CDU leadership and SPD leaders will meet Sunday to try to bridge differences over a proposal targeted at taxpayers with annual income up to €100,000. Coalition partners are preparing a July 1 meeting to finalise plans for pensions, healthcare and tax-system reforms intended to revive German economic growth.

A-share silicone sector advanced amid volatile trade; Sanfu and Xinya hit limit-up, Runhe Materials rose over 10%, and Jinhua New Materials, Dongyue Silicon Materials, Jianghan New Materials, Guibao Technology and Huitian New Materials also gained.