1. Trade Regionalization: More Hype Than Reality? While geopolitical tensions, technological trends, and environmental concerns all have the potential to contribute to an increase in trade regionalization, other forces, such as decreased container shipping costs and the ongoing improvement of technologies that ease long-distance transactions, will continue to favor long-distance trade. – Read More on HBR

2, US Firms Left Hanging as Ban on Some China Imports Nears:  There’s a law taking effect June 21 that will bar imported goods partly or wholly made in the Chinese manufacturing hub of Xinjiang, unless companies can prove the products have no ties to forced labor. – Read More on Bloomberg

3. South Korea is betting on the metaverse — and it could provide a blueprint for others: South Korea’s investment of around $177.1 million is among the first investments in the nascent industry to be made by a national government and is a cautious first step into the metaverse. – Read More on CNBC

4. Fashion industry organizations rally together to consolidate guidance for leaders: In a bid to accelerate progress, The GFA Monitor presents guidance according to the five sustainability priorities of the Fashion CEO Agenda: Respectful and Secure Work Environments, Better Wage Systems, Circular Systems, Resource Stewardship, and Smart Materials Choices. – Read More on Yahoo

5. Banks, commodity stocks lift European shares as markets await ECB meet:  Luxury stocks rallied as sentiment in the sector, which derives significant demand from China, was lifted by authorities easing more curbs in Beijing and Shanghai. – Read More on Reuters