UK fruit and veg prices may rise as stricter EU-style import checks add border red tape, affecting items like avocados, mangoes, tomatoes, and pineapples.
New Zealand cuts rates by 25 bps, hints at a slightly deeper easing cycle amid rising global risks.
Nissan may raise over 1 trillion yen ($7B) via debt and asset sales, including a UK-backed syndicated loan.
U.S. capital goods orders and shipments fell in April, signaling weaker business spending amid economic uncertainty and tariffs, Commerce Dept. data shows.
Tesla's Europe sales plunged 49% in April despite a 27.8% rise in EV sales, as its Model Y upgrade failed to boost demand amid steady overall car sales.
Retailers like Walmart, Costco, and Sam's Club are expanding gas stations, betting fuel demand stays strong as EV adoption remains slower than expected.
Toyota to shift some GR Corolla production to the UK, investing $56M to cut wait times and boost North American exports; move not linked to Trump's auto tariffs.
Japan's 20- & 30-year bond yields fell after reports the finance ministry may cut super-long bond issuance to ease market pressure amid BOJ taper concerns.
Sony to unveil growth plan for financial arm spin-off, set for Sept 29 listing. It'll distribute 80% of shares to investors, marking a key shift in strategy.
Ex-minister urges UK to raise pension contributions, saying the 8% minimum isn't enough for a decent retirement under current auto-enrolment rules.
Xiaomi unveils YU7 EV SUV with 760km range, topping Tesla Model Y. Priced around ¥250K–¥320K, it may challenge Tesla's China market share
Volvo Cars to cut 3,000 mostly white-collar jobs amid high costs, slowing EV demand, and trade tariff uncertainty as part of a broader restructuring plan.
Trump clears U.S. Steel-Nippon merger, promises 70K jobs, $14B boost. HQ stays in Pittsburgh. Shares jump 20% after Biden blocked deal in January.
France, Vietnam signed deals including 20 Airbus planes as Macron visits Hanoi, boosting ties amid U.S. tariff threats and rising South China Sea tensions.
Trump delays EU tariff threat to July 9 after call with EU chief. Earlier, he warned Apple, EU over trade; markets dipped as tensions rose.
Republicans warn they may block Trump-backed bill over its $3.3T deficit impact. Passed by one House vote, the bill faces growing Senate opposition.
Indian rupee rose to 84.82/USD, extending Friday's 0.9% gain, as weak dollar trends from U.S. trade shifts and fiscal worries boosted Asian currencies.
Singapore's core inflation rose to 0.7% in April, above forecasts, but stayed low. Headline inflation held at 0.9%. Risks remain tilted to the downside.
Apple raised iPhone trade-in values in China to boost sales. iPhone 15 Pro Max now gets up to ¥5,700, signaling efforts to regain market share.
G7 finance chiefs vowed to address global economic imbalances and warned of possible tougher sanctions on Russia, despite some underlying differences.
The U.S. will stop making pennies, saving $56M yearly, as costs rose to 3.69 cents per coin. Trump called the coin "wasteful" in a February post.
The House passed Trump's major tax and spending bill 215-214, with GOP defections. Speaker Johnson calls it "generational" and aims for it to become law by July 4.
Walmart plans to cut about 1,500 jobs to streamline operations, affecting roles in tech, U.S. e-commerce fulfillment, and its ad unit, Walmart Connect.
The European Central Bank is expected to cut rates in June, but stronger economic data and rising inflation risks may lead to a pause in further rate cuts afterward.