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The Bank of England cut interest rates to 4.5% amid weak UK growth, signaling further reductions ahead as inflation slows and economic uncertainty persists.
The EU will hold Temu and Shein liable for unsafe product sales as part of a crackdown on low-cost e-commerce imports, aiming to protect consumers and level competition.
Nvidia stock climbed 4% as Alphabet’s $75B capex plan reassured investors that AI spending remains strong despite concerns over China’s DeepSeek AI model.
Eleven people were killed in a mass shooting at Campus Risbergska in Örebro, Sweden. The suspected gunman is among the dead as police investigate the motive behind the attack.
The EU’s General Court ruled against Poland, upholding €320 million in fines over judicial reforms. Poland’s challenge was dismissed, maintaining the financial penalties.
China imposes new tariffs on U.S. goods, launches an antitrust probe into Google, and files a WTO complaint, escalating trade tensions after Trump’s latest tariff measures.
U.S. stocks dropped Monday after Trump announced tariffs on China, Mexico, and Canada, but pared losses after he delayed Mexico tariffs for one month following talks with President Sheinbaum.
The Korean won hit a new yearly low, falling to 1,471.35 per dollar, as US tariffs and domestic political tensions increase economic uncertainty in South Korea.
WHO and partners have deployed a Sudan virus vaccine trial in Uganda, aiming to halt transmission and protect high-risk populations amid a newly confirmed case and ongoing contact tracing.
Moscow rebuffed Trump’s claims on BRICS forming a currency, asserting that the group is prioritizing joint investments rather than replacing the U.S. dollar in global trade.
