G7 finance ministers reach a historic agreement on a 15 per cent global minimum tax rate but there is already criticism that the deal isn’t comprehensive enough. Chinese export growth slows while imports soar by 50 per cent. In the U.S., jobs grew in May but the data fell short of expectations. And in Germany, Angela Merkel’s CDU avoids defeat to the far-right in a state election in Saxony-Anhalt, boosting Armin Laschet’s chances of becoming Chancellor later this year.

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