UK inflation unexpectedly slowed to 2.8% in April from 3.3% as utility bills fell, though officials warn the Iran war's energy shock could push rates to 6.2% by next year.
Treasury Secretary Scott Bessent says the US is in no hurry to extend the November trade truce with China, as new bilateral boards prepare to manage $30B in tariff cuts and AI safety protocols.
Meta has laid off approximately 8,000 employees as it adopts AI-native organizational structures and shifts toward a flatter, more efficient model. This move underscores a growing trend of mass tech layoffs in 2026, driven by corporate efforts to prioritize automation over traditional headcount, leaving remaining staff to navigate continued uncertainty.
Severe thunderstorms in North Texas triggered a major ground stop at DFW International Airport and Dallas Love Field on Tuesday. American Airlines, the dominant carrier at DFW, bore the brunt of the disruption, canceling over 400 flights as the FAA suspended departures to manage safety during the severe weather event.
The EU struck a provisional agreement to cut import duties on US goods by late June, aiming to satisfy President Trump's July 4 deadline and avoid threatened 25% tariffs.
The BOJ may slow or pause its bond taper to soothe volatile markets as soaring yields expose fiscal strain and inflation.
Evergrande liquidators are seeking 57 billion yuan ($8.4 billion) from PwC International and its affiliates in Hong Kong court,
China cut its US Treasury holdings to $652.3B in March from $693.3B, joining a global panic sell-off triggered by inflation and fiscal fears from the Iran war.
Putin arrives in Beijing for a two-day summit with Xi Jinping, testing China's diplomatic balance just days after a major visit from US President Donald Trump.
Standard Chartered aims for an 18% ROTE by 2030, cutting over 7,000 corporate roles through AI and automation while expanding its high-margin wealth business.
A persistent surge in longer-maturity US Treasury yields is testing the resolve of global fixed-income investors, leaving Wall Street deeply divided. Traders are torn between the tempting opportunity to lock in risk-free rates near their highest levels in decades and the compounding risk of catching a falling knife if the aggressive global bond market selloff continues to deepen.
VW Brazil flags lower vehicle resale values due to aggressive Chinese EV competition, but rejects a price war. Geopolitical parts supply delays remain manageable.
UK unemployment unexpectedly rose to 5% in March as wage growth slowed to 3.4%. Payrolls dropped by 100,000 in April, showing the first major shockwaves of the Iran war
Anglo American has agreed to sell its Australian steelmaking coal mines to UK-based miner Dhilmar for up to $3.88 billion.
Ford Motor's new energy unit has signed a five-year agreement to supply up to 20 gigawatt-hours of battery storage capacity to renewable power developer EDF.
Anthropic will brief the Financial Stability Board on cyber risks exposed by its new Mythos AI model, which central banks fear could crack open legacy banking security.
Blockchain analytics firm Elliptic secured $120 million in Series D funding led by One Peak, with participation from Deutsche Bank, Nasdaq Ventures, and the British Business Bank.
Ryanair CFO Neil Sorahan warned that weaker European airlines could collapse this winter due to soaring jet fuel costs.
Tesco has officially removed its limited-edition Pork Pie Inspired Sandwich from shelves after a planned 10-week run across 1,000 stores. The divisive item, featuring pork pie meat, cheddar, and piccalilli, was launched to introduce younger shoppers to the traditional British snack.
China has agreed to purchase at least $17 billion in US agricultural products annually from 2026 through 2028. The deal, which excludes previous soybean pacts, aims to revive trade after a devastating 65.7% drop in US farm exports to China last year.
G7 finance chiefs are meeting in Paris to address widening economic imbalances and coordinate on securing critical raw materials.
Taiwan Semiconductor Manufacturing Company (TSMC) announced plans to sell 152 million shares in Vanguard International Semiconductor. The block trade will reduce TSMC's stake from 27.1% to 19%.
India's wholesale inflation hit a 42-month high of 8.3% in April, driven by a massive 24.71% surge in fuel and power costs linked to the ongoing West Asia war. While retail inflation remains steady at 3.48%, experts warn of impending consumer price hikes.
President Donald Trump announced that Chinese President Xi Jinping has agreed to purchase 200 Boeing aircraft, surpassing the 150 jets the manufacturer initially expected.