JPMorgan raised China growth forecast after a positive US-China trade deal. Tariffs cut for 90 days: US to 30% from 145%, China to 10% from 125%.
UniCredit signs 10-year deal with Google Cloud to boost its digital transformation and modernize services across its banking operations.
Trump to receive luxury Boeing 747-8 jet from Qatar's royal family as Air Force One; gift raises legal concerns, to go to his library after second term.
UK mortgage lending hit a 4-year high in March as buyers rushed to beat April's stamp duty hike, with borrowing surging to £13bn, Bank of England data shows.
Trump to sign order cutting U.S. drug prices to match rates in rich countries, aiming for 30–80% savings through "most favored nation" pricing.
Over 1.2 million UK bank customers were hit by major outages in late February, a new House of Commons report has revealed.
Nissan scraps $1.1B EV battery plant in Kyushu and may offer early retirement to hundreds in Japan, its first domestic job cut in 18 years, per Nikkei.
British Airways lost £40m from a March Heathrow power outage, with no insurance or airport compensation; only a few flights operated after a 7-hour delay.
Bill Gates pledged $200B to his foundation by 2045, aiming to fight disease and poverty. He accused Elon Musk of harming the poor by slashing U.S. foreign aid.
HSBC launches TradePay for Import Duties, helping U.S. clients pay duties directly while accessing credit, boosting control and visibility over working capital.
Thailand faces prolonged, uncertain impact from U.S. tariffs, says central bank chief. Effects expected to become clearer in the second half of the year.
Nippon Steel posted a $2.41B profit, down 36% but above forecasts. It expects $1.38B next year. Its $15B U.S. Steel bid is under review by U.S. authorities.
China's April exports rose 8.1% YoY, beating forecasts, but U.S. exports fell 20% as trade tensions persist. Talks may ease tariffs, but major shifts unlikely.
The Fed held rates steady at 4.25–4.5%, ignoring Trump's push to cut. Powell said decisions are based on data, not politics, amid inflation and job concerns.
U.S. and Russian officials discussed reviving Russian gas sales to Europe, after imports fell post-Ukraine war, causing Gazprom to lose $7B in 2023.
The EU may hit $107B in U.S. goods with tariffs if talks fail, targeting cars, wine, and more, in response to U.S. import duties under Trump's trade policies.
Maersk said U.S.-China container volumes fell 30-40% in April amid trade tensions but kept its profit outlook, aided by higher Red Sea freight rates.
China's central bank lets some banks buy foreign currency for gold imports under raised quotas, aiming to manage gold inflows and dollar demand.
The U.S. is considering a sovereign wealth fund to boost national and economic security, but no final decision has been made, the White House said.
Rapid U.S. trade policy shifts are making official data outdated fast, pushing investors to rely more on anecdotal info for quicker decision-making.
Ford is raising prices up to $2,000 on Mexico-made models like the Mach-E, Maverick, and Bronco Sport after U.S. tariffs, starting May 2.
Renault's €155K electric R5 Turbo 3E drew 850 orders in a week. Limited to 1,980 units, the 555hp EV hits 0–100 km/h in 3.5s, echoing its 1980s rally roots.
U.S. and China to hold key trade talks in Geneva this weekend, boosting hopes of easing tensions; global markets rose on news of the planned meeting.
BMW kept its 2025 outlook but warned U.S. tariffs will hit Q2 results, though some may ease by July. CFO cites rare levels of geopolitical uncertainty.