The United States has fired the opening shot in a latest softwood-lumber war against Canada, with the Trump administration announcing its first batch of duties on imported wood in the neighbourhood of 20%. Source Toronto Sun
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Growth in bank loans to euro zone companies set a fresh post-crisis high in April, even as a key money supply indicator, which often predicts future economic activity, dipped more than expected, fresh data from the European Central Bank showed on Monday. Corporate lending in the 19-country currency bloc grew by 2.4 percent in April, just above the previous month’s 2.3 percent but the highest rate since mid-2009. Source Reuters
New French President Emmanuel Macron is promising tough talk at his first meeting with Vladimir Putin on Monday, following an election campaign in which his team accused Russian media of trying to interfere in the democratic process. Source Reuters