UK economy shrinks again in May, raising new worries over outlook

Britain's economy unexpectedly contracted for the second month in May 2025, raising concerns about growth and leading to potential interest rate cuts by the Bank of England.

Germany plans to buy additional 15 F-35 fighter jets, Politico reports

Morning Bid: New tariff drama jolts complacent markets

Markets reacted strongly to Trump's tariff news, leading to declines in Wall Street and currency fluctuations, while earnings reports are anticipated next week to measure tariff impacts.

China’s export growth expected to edge up in June amid delicate truce with US: Reuters poll

China's export growth is expected to rise in June amidst tariff tensions with the U.S., but analysts anticipate a slowdown in the latter half of the year.

Chinese banks stumble on Beijing’s consumer lending push

Chinese banks struggle to boost consumer credit due to rising defaults and financial uncertainties, despite regulatory pressure and low interest rates.

Japan’s June core inflation likely slowed as tariff threats loom: Reuters poll

Japan's core inflation in June likely slowed to 3.3%, remaining above the BOJ's target, as economic challenges rise from U.S. trade tariffs, impacting growth and consumption.

Dollar rises after Trump unveils new tariffs; bitcoin at record

The U.S. dollar rose amid new tariffs by Trump, affecting global currencies. Bitcoin reached a record high, driven by institutional demand and optimism over U.S. legislation.

Argentina files emergency appeal in US to put YPF stake turnover on hold

Argentina appeals a U.S. court's ruling to transfer its YPF stake, citing potential harm to sovereignty and economy amid a heavy debt burden.

Most of UK stranded in ’junk bond’ territory as London dominates, research says

Britain's regions are viewed as 'junk bonds' for investment due to financial disparities caused by London's dominance, necessitating reforms and local banking revitalization.

Law firm Dechert says lawsuits accusing it of using hired hackers have been resolved

Dechert law firm resolved lawsuits alleging it used hackers for legal advantage, with all claims settled without liability admission. Aviation executive Azima expressed satisfaction with the outcome.