IMF sees global growth hurt by trade tensions but no recession
Prolonged uncertainty will be costly and consequences of trade reboot will be “significant”, says IMF Managing Director Kristalina Georgieva
Oil climbs to two-week high as U.S. sanctions on Iran spark supply concerns
Brent crude futures rise by 1% to $66.53 a barrel, while U.S. West Texas Intermediate (WTI) crude gains 1.2%, reaching $63.19 per barre
U.S. dollar posts recovery against Swiss franc, yen following trade talks
Despite gains, the dollar remains on track for a fourth consecutive weekly loss
Musk’s SpaceX is frontrunner to build Trump’s Golden Dome missile shield
The SpaceX-led group is pitching the Pentagon on a 'subscription model' for missile defense, according to sources
China bans ‘smart’ and ‘autonomous’ terms in car ads
The directive prohibits manufacturers from testing or upgrading ADAS features through over-the-air software updates
China issues new rules to regulate cross-border financial data flow
The guideline mandates that financial institutions adopt technical and management measures to ensure data security
Japan sees sixth consecutive export gain amid looming U.S. trade barriers
The trade surplus reaches 544.1 billion yen ($3.84 billion) in March, exceeding forecasts of 485.3 billion yen
U.S. targets $1 billion in Iranian oil sales to China with fresh sanctions
The campaign seeks to bring Iranian oil exports down to zero and curb Tehran’s nuclear ambitions and regional influence
State of California sues Trump administration over new trade tariffs
The state argues that the president does not have the authority to impose broad trade restrictions or taxes without congressional approval
U.S. cotton exports to India surge as China demand falls
U.S. cotton exports to India rise to 155,260 running bales from 25,901 a year earlier between February and April
Zoom restores service after global outage hits thousands of users
Users experience difficulties accessing Zoom meetings, logging into the platform, and navigating its web portal
Temu, Shein to hike prices as Trump tariffs target low-value imports
Temu and Shein announce price increases effective April 25, urging shoppers to make purchases “now at today’s rates”
Oil prices rise 1% on trade talks optimism and Iraq’s production cut plans
Brent crude futures climb 1.08% to $65.37 per barrel, while U.S. West Texas Intermediate crude also gains 1.14% to $62.03
India’s iPhone shipments to the U.S. reach nearly $2 billion in March
Foxconn records $1.31 billion in iPhone exports from India in March, while Tata Electronics ships iPhones worth $612 million
Dollar weakens sharply as fresh U.S. tariffs rattle markets
The Swiss franc rises notably, outperforms all G10 currencies since the initial tariff announcements on April 2