Fed’s Powell is an exemplary central banker, ECB’s Villeroy says

Francois Villeroy praises Jerome Powell's honesty as Fed Chair amidst Trump's criticism, highlighting ECB rate cuts and economic risks from U.S. tariffs, with uncertainty on future ECB decisions.

China dismisses Zelenskiy’s claim it is supplying weapons to Russia

China's foreign ministry refutes Zelenskiy's claims of supplying weapons to Russia, asserting neutrality and commitment to peace talks, while criticizing groundless accusations.

Turkey’s Simsek says disinflation to continue, FX pass-through limited

Turkey's Finance Minister remains optimistic about disinflation despite challenges, following a surprise interest rate hike by the central bank to combat inflation and stabilize markets.

Hungary’s Orban expects business deal with US in six months

Hungary plans a business deal with the U.S. to counter potential tariffs, focusing on the car industry and economic recovery as it prepares for upcoming elections.

China set to leave lending rates steady, but tariffs raise easing bets

Malaysia’s economy grew 4.4% y/y in Q1, exports to U.S. surge in March

Judge extends ban on Musk’s DOGE access to private Social Security data

A judge extends a ban on Elon Musk’s aides accessing private Social Security data, citing concerns over privacy violations amid a lawsuit by labor unions and advocacy groups.

BOJ will keep raising rates if inflation on track, Governor Ueda says

Bank of Japan's Governor asserts rate hikes may continue if inflation nears 2%, while cautioning about economic forecasts amid U.S. tariffs' uncertainties.

Apple’s China smartphone shipments slide 9% in first quarter

Apple's smartphone shipments in China declined 9% in Q1, marking its seventh straight quarterly drop, while Xiaomi's shipments surged 40% due to new government subsidies.

IMF chief hails new playbook to help countries navigate sovereign debt processes

IMF chief Kristalina Georgieva announces a new debt restructuring playbook, urging countries to proactively address unsustainable debt amid rising global trade tensions and inflation.