WTO slashes 2025 trade growth forecast, warns of deeper slump

The WTO forecasts a 0.2% decline in global merchandise trade due to U.S. tariffs and economic tensions, signaling a potential recession and affecting services trade.

Financial institutions’ gender balance progress under threat, study shows

A report reveals the slow progress of women in financial leadership and the threat to diversity initiatives due to rollbacks in the U.S. and globally.

Chinese factory bids to keep exporting fun amid US trade war

iFun's business faced challenges due to 145% tariffs imposed by Trump, halting U.S. orders. Zhang remains hopeful for tariff rollback and plans to expand to new markets.

Powell says Fed remains in wait-and-see mode; markets processing policy shifts

Bank of Canada holds rates, says it will act decisively if need be

The Bank of Canada paused rate cuts at 2.75%, assessing tariffs' impact, while offering two economic scenarios amid inflation control concerns and potential future action.

BOJ to cut growth forecast as US tariffs hit, sources say

The Bank of Japan plans to revise down its economic growth forecasts due to U.S. tariffs impacting Japan's recovery, while maintaining a cautious approach towards interest rate hikes.

UK inflation slows before expected jump from April

Morning Bid: Markets wobble over US-China wrangling

China unexpectedly anoints new trade negotiator amid US tariff war

New Zealand central bank’s budget to see 25% cut in coming year

New Zealand's central bank will cut its budget by 25% to NZ$150 million annually for five years, amid government austerity measures and increased operational efficiency.