AI Power Demand: Google, European Energy Australia and AirTrunk plan to bring the 25MW Mulwala Solar Farm online to feed data-centre growth in Australia, signaling tech firms may increasingly fund renewables directly. Asia Property Signals: China’s new-home prices in 100 cities edged up in May, while UK house prices fell again as Iran-war-driven mortgage and energy costs hit confidence. Insurance Pricing Shift: Allianz says P&C is moving into a “normalisation” phase after rate surges, but climate change is worsening affordability and widening protection gaps. Smartphone Supply Crunch: Counterpoint forecasts the steepest smartphone shipment decline on record, down 13.9% in 2026, blamed on worsening memory-chip shortages tied to the Iran war. Manufacturing PMIs Diverge: India’s manufacturing PMI hit a 3-month high on demand and infrastructure; Vietnam’s new orders rebounded; Spain’s PMI slowed as Middle East-linked supply delays and costs bite. Energy Market Reform (SA): Mezzanine and Open Access Energy signed a reseller deal to expand virtual wheeling access for renewable buyers. Tech Market Rotation: SoftBank overtook Toyota as Japan’s top listed firm as AI-linked tech and semis outperformed. Market Watch: DXY and crude firm as US-Iran peace talks stay elusive; Australia’s ASX 200 finished flat with tech leading.