Asian stocks, dollar eye weekly rise on Trump’s tariff backdown
After tit-for-tat tariffs by world's two biggest economies, the U.S. this week shifted toneÂ
Taiwan proposes $10 billion in additional spending to offset U.S. tariff impact
Premier Cho Jung-tai unveils expanded budget to assist businesses, stabilize job market, and support the economy amidst trade tensions
Markets react to rising tensions in Kashmir as rupee weakens and bond yields rise
Financial uncertainty grows amid fears of escalation in India-Pakistan conflict following deadly Kashmir attack
UK eases sanctions on Syria, aims to support post-Assad rebuilding efforts
Moves include lifting asset freezes on key ministries and financial entities to foster investment and economic recovery
IMF chief urges swift US trade deals to ease global uncertainty, warns of growth risks
Kristalina Georgieva says policy volatility linked to Trump-era tariffs is hurting investment, calls for urgent settlement to protect fragile recovery
Oil prices recover as markets weigh OPEC+ moves and trade signals
Brent crude rises 1.01% to $66.79 a barrel, while U.S. West Texas Intermediate (WTI) crude climbs 1.2% to $63.02
Dollar falls as U.S.-China trade uncertainty resurfaces
U.S. dollar’s overall performance in April showed a decline of 4.8%, its worst monthly drop since November 2022
U.S. shifts focus from college degrees to skilled trade apprenticeships
President Trump signs order to expand skilled trades training, ties it to manufacturing strategy
U.S. opens national security probe into heavy-duty truck imports
Mexico is the largest exporter of medium- and heavy-duty trucks, while Canada and Japan are also among the major exporters in this segment
Adobe integrates OpenAI and Google AI models into Firefly app
Firefly users would now be able to generate images using OpenAI’s GPT image generation, Google’s Imagen 3, Google Veo 2, and Flux 1.1 Pro
Hyundai shifts Tucson production to from Mexico to U.S.
Hyundai plans to move production of some U.S.-bound vehicles from South Korea to alternative locations as part of its broader contingency strategy
Trump’s $TRUMP coin surges 60% after gala dinner offer for top buyers
The top 220 buyers of the $TRUMP token will be invited to a dinner on May 22 at the Trump National Golf Club in Washington
Toyota posts record overseas sales in March ahead of U.S. tariffs
Toyota sells 814,105 vehicles outside Japan in March, representing a 6.7% increase compared to the same month last year
Musk’s X sues Minnesota over AI deepfake election law
The company argues the legislation infringes on free speech rights and is impermissibly vague
ECB President warns U.S. tariffs may trigger disinflation in Europe
China will have overcapacity and may reroute exports to Europe, which would dampen prices, says Christine Lagarde