What’s in the proposed deal that could end the US-Iran conflict? Iran and the United States have reached a tentative agreement to turn the existing ceasefire into a more long-lasting settlement, U.S officials said Thursday. (CNN) 

Judge halts Trump ‘anti-weaponization’ fund after Jan 6 prosecutor files suit. A federal judge has temporarily blocked the Trump administration’s $1.8 billion “anti-weaponization fund,” created as part of an unprecedented settlement with the president, his family and the Trump Org. (NBC) 

US, Mexico set three rounds of trade deal talks without Canada. The Trump administration’s trade agency said on Wednesday ​it will kick off the first of three negotiating rounds with Mexico this week to revamp the North American trade agreement, but made no mention ‌of any talks with Canada. (Reuters) 

Morocco tops Africa’s industrialization index for first time. Morocco has ranked first in Africa’s industrialization index for the first time, overtaking South Africa, which had held the top position since 2010, according to a new report by the African Development Bank (AfDB). (Al Jazeera) 

ECB ‘will do what is necessary’ to tame inflation, Bank of France governor tells CNBC. Speaking to CNBC’s Lisa Kim in Singapore on Tuesday, Bank of France Governor Francois Villeroy de Galhau sought to reassure sovereign debt markets that central bankers in Europe were committed to minimizing the impact of the Iran war. (CNBC) 

Key inflation gauge worsens as Americans’ income and spending power erodes. A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans’ finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away. (AP) 

Japan, South Korea and Taiwan are suffering industrial rot. On the face of things, north-east Asia is in the midst of an export-led bonanza. That is only half the story, though. (The Economist) 

China’s secret weapon in AI race with US? Lots of cheap energy. In the race against China for AI supremacy, the United States dominates when it comes to access to the most cutting-edge semiconductors. But when it comes to powering the huge data centers that run on AI chips, China holds the clear advantage. (Al Jazeera) 

French inflation rises to more-than two-year high as energy costs intensify. French inflation this month climbed to its highest level in more than two years as energy prices continued to rise in response to the war in Iran, putting the European Central Bank on course to raise interest rates for the first time since 2023 when it next meets in June. (Wall Street Journal) 

Canada’s economy contracts for a second straight quarter. Canada’s economy unexpectedly shrank for a second consecutive quarter as imports jumped while exports faltered, and as weakness in business and government investment balanced higher household spending. (Wall Street Journal) 

ECB acting too late can be costlier than acting earlier, Radev says. The European Central Bank should avoid waiting too long to address the fallout from the Iran war, according to Governing Council member Dimitar Radev. (Bloomberg) 

Canada signs landmark LNG energy deal with Germany. Canada has announced a landmark energy agreement with Germany that will see the first-ever long-term shipments of liquefied natural gas (LNG) from Canada to Europe in the coming years. (BBC)