Reserve Bank of Australia Deputy Governor Hunter said supply shocks will impose unavoidable trade-offs for the RBA and the broader economy.

The Norwegian government will provide NOK 3 bln (about $306.2m) to support Ukraine's air-defence systems.

Citi cut its target price on Tencent to HKD 758 from HKD 763 and kept a Buy rating. For Q2 Citi forecasts revenue +9.3% YoY to CNY 201.7 bln and adjusted net profit +5.1% YoY to CNY 66.25 bln, citing caution over AI-related spending and profit drag; estimates are below consensus. Citi expects H2 focus on agent-style AI trials within WeChat, mini-program integration with Hy3, next-generation/upgrades to the Hy model, and capex. Citi says Tencent will likely prioritize share buybacks, boost AI investment and use AI to reinforce core-business growth.