China and the United States agreed to take first action by mid-July to raise access for US financial companies and expand trade in chicken and beef, aiming to cut trade deficit.
G7 financial leaders pressed the US not to destroy global consensus over financial regulation and trade, which was criticized by Donald Trump.
The Conservative Party is set to publish election manifesto next week, which provides details on dealing with great challenges for the next five years, British PM Theresa May said.
The New York Fed said that it raised the US economic growth forecast for the second quarter to 1.9%, following the latest reports on retail sales, producer and consumer prices.
The preliminary data from the University of Michigan showed that the US consumer sentiment climbed to 97.7 in May as Americans became more optimistic on income expectations.
Charles Evans, the chief of the Fed of Chicago, expects the US central bank to raise interest rates just one more time in 2017 if the inflation rises at a weaker pace.
The Census Bureau reported that the US retail sales rose 0.4% in April, following an upwardly revised 0.1% in March and falling behind expectations of a 0.6% increase.
The US Consumer Price Index posted a 0.2% monthly increase in April, up from a 0.3% decline registered in the preceding month, the Bureau of Labor Statistics revealed.
The Pakistani official reported that Baluchistan blast's death toll reached 25 people as a bomb attack hit a convoy of the Pakistan Senate deputy.
On Friday, the Spanish largest companies like Telefonica were affected by a ransomware cyber attack that hit their computers' Windows systems asking for ransom to fix the bugs caused.
The South Korean President Moon Jae-in and the Russian President Vladimir Putin had a discussion on a phone call over the possible political solution to North Korea's crisis.
On Friday, Fiat Chrysler announced about the recall of over 1.25M pick-up trucks across the world as the company needs to fix a software error.
Italy's police is investigating the explosions that hit the Central Rome, damaged a nearby car and sparked panic among workers at the Italian post office; however, no injuries were immediately reported.
On Friday, the Upper House of the German Parliament has adopted the self-driving vehicles law, which allows the autonomous industry to test, develop and put driverless cars on the road.
South Korea accepted China's invitation to the Silk Road conference to participate in discussions with Beijing over the US anti-missile system.
20 people dead and more than 35 wounded in a suspected suicide attack targeting the Pakistani senator in the Baluchistan province on Friday.
On Friday, the Foreign Minister of Austria Sebastian Kurz said that snap parliamentary elections are required. Kurz is also expected to take the role of the new conservative party leader, which would give him power to enforce the early election.
On Friday, according to a poll conducted by ORB International, the bigger half of British voters have faith that the UK Prime Minister Theresa May would reach a good Brexit deal with the EU.
Samsung Electronics created a new affiliated branch for its contract chip manufacturing, dividing the company's system chip and foundry operations with intention to make them more efficient.
The Finance Minister of Germany Wolfgang Schaeuble at the G7 meeting in Italy plans to tell the United States that the world needs its strong and sustainable leadership in global economy and politics.
The President of Turkey Tayyip Erdogan considers that his visit to the US would forebode a new US-Turkey relationship beginning.
On Friday, South Korea issued an order obliging Kia and Hyundai to recall 240K of companies' vehicles due to safety defects first found by a whistleblower.
Mexico warned the United States that the country has alternatives such as China to export to in case the US tears up the NAFTA trade agreement.
China launched an emergency probe on banks to check risky lending amid CBRC's intention to arrange the Chinese banking system.