Korean Maeil Business Newspaper reports Samsung and SK Group's combined investment plans over the next 10 years may total 2,000 trillion won (about $1.3 trillion).

Russian President Putin said Russia is considering a comprehensive ban on diesel exports.

A rare European heatwave—record highs in Germany and the Czech Republic and national high-temperature warnings in Hungary and Poland—has lifted demand for air conditioners, fans and other cooling products, boosting China-origin orders via cross-border e-commerce. The international trade director of a Ningbo-based joint-stock firm, Zheng Li, said ice machine shipments to Europe from January–May rose more than 70% YoY and now account for about 15% of the company's sales.