BLOOMBERG  Ukrainian President Volodymyr Zelenskiy suggested his country was losing control of Bakhmut after months of fierce fighting but downplayed Russian claims it now fully occupied the eastern city. “Today our people are performing an important task — they are in the Bakhmut, Zelenskiy said in Japan where he had met with leaders from the Group of Seven nations and …

BLOOMBERG  US President Joe Biden said he expected ties with China to improve “very shortly” after a spat over an alleged spy balloon earlier this year derailed relations. Speaking to reporters on Sunday at the end of the Group of Seven (G-7) summit in Japan, Biden said the US’s move to shoot down a “silly balloon that was carrying two …

BLOOMBERG  US bank deposits fell for a third week to the lowest level in nearly two years, extending a yearlong slide as customers continue seeking higher returns in money-market funds. Lending was little changed. Deposits at commercial banks decreased by $26.4 billion in the week ended May 10 to $17.1 trillion, according to seasonally adjusted data from the Federal Reserve. …