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Today: May 29, 2026
Today: May 29, 2026

Economy

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US consulate builder in Milan hit by court action over abuse allegations

Prosecutors have placed the Italian branch of U.S. construction giant Caddell Construction under investigation over alleged worker exploitation at the site

US consulate builder in Milan hit by court action over abuse allegations
Economy|Finance|MidEast|Stock Markets|US|World

Dollar set for second weekly loss amid U.S.-Iran ceasefire deal

The dollar fell against other major currencies on Friday and was on track for its second consecutive week of losses after the U.S. and Iran reportedly

Dollar set for second weekly loss amid U.S.-Iran ceasefire deal
Economy|Environment|Europe|Health|Science|World

Record-breaking heat and dry spring leave parts of England without water

Thousands of households in southeast England were left without water or facing low pressure during a record-breaking heatwave

Record-breaking heat and dry spring leave parts of England without water
Business|Economy|Finance|World

Brazil's economy rebounds in early 2026, clouding rate cut outlook

Brazil's economy rebounded in the first three months of 2026, supported by household consumption and stronger investment, against a backdrop of a tight

Brazil's economy rebounds in early 2026, clouding rate cut outlook
Business|Economy|Finance|Stock Markets|US|World

Rising exports lower US goods trade deficit in April

The U.S. trade deficit in goods contracted more than expected in April as a surge in exports blunted rising imports, but economists cautioned the trend

Rising exports lower US goods trade deficit in April
Business|Economy|Finance|Stock Markets|Technology|World

Global equity funds draw weekly inflows as AI rally boosts sentiment

Global investors returned to equity funds in the week to May 27 after a week of outflows, as a rally in AI-linked stocks revived demand, though caution over U.S.-Iran peace

Global equity funds draw weekly inflows as AI rally boosts sentiment
Business|Economy|Finance|Stock Markets|World

Canada enters surprise technical recession amid tariff uncertainty

Canada's economy posted a surprise contraction in the first quarter versus the year before, making it two straight quarters of annualized decline - which

Canada enters surprise technical recession amid tariff uncertainty
Business|Economy|Finance|Political|World

Bessent argues US was 'asleep' on economic security, Trump policies waking it up

U.S.

Bessent argues US was 'asleep' on economic security, Trump policies waking it up
Business|Economy|Finance|Stock Markets|US|World

Fed's Bowman says extended energy shock could drive shift in policy outlook

By Michael S.

Fed's Bowman says extended energy shock could drive shift in policy outlook
Asia|Business|Economy|Environment|Political|World

Vietnam's To Lam warns of three global crises, sets out solutions

The world is beset with multiple risks and uncertainty that countries must confront squarely, To

Vietnam's To Lam warns of three global crises, sets out solutions
Business|Economy|Political|World

Pakistan foreign minister set to discuss Iran with Rubio in Washington

Pakistani Foreign Minister Ishaq Dar arrived in Washington on Friday for talks with U.S.

Pakistan foreign minister set to discuss Iran with Rubio in Washington
Crime|Economy|Education|Environment|Health|Political

Colorado voted to end forced prison labor in 2018 – so why are incarcerated people in the state still working for less than $2 an hour?

Many jails and prisons are dependent on incarcerated labor to keep costs low.

Colorado voted to end forced prison labor in 2018 – so why are incarcerated people in the state still working for less than $2 an hour?
Arts|Crime|Economy|Education|Entertainment|Environment|Europe|Finance|Health|Lifestyle|MidEast|Opinion|Political|Science|Sports|Technology|US|World

When ICE ramped up enforcement, US-born workers didn’t see any economic gains

Contrary to the belief that an immigration crackdown would lead to more jobs for US-born workers, ICE enforcement hasn’t produced economic gains for Americans.

When ICE ramped up enforcement, US-born workers didn’t see any economic gains
Business|Economy|Education|Environment

A rare bipartisan housing victory faces a bigger problem – Americans still can’t afford housing

If signed into law, the legislation would be the first major housing bill to pass in decades.

A rare bipartisan housing victory faces a bigger problem – Americans still can’t afford housing
Business|Economy|Environment|Food|Lifestyle|US|World

Tomatoes become latest symbol of America’s affordability squeeze

Prices for tomatoes are up 40% over the past year, the biggest increase tracked among products in the Consumer Price Index

Tomatoes become latest symbol of America’s affordability squeeze
Business|Economy|Finance|Political|US

Bessent: Nothing 'untoward' about Trump's face on a $250 bill

During a White House press briefing, US Treasury Secretary Scott Bessent was pressed by CNN’s Kaitlan Collins on the Bureau of Engraving and Printing making plans to potentially print a commemorative $250 bill with an image of President Donald Trump. Bessent said they were preparing in case Congress passed legislation that calls for the Trump bill.

Bessent: Nothing 'untoward' about Trump's face on a $250 bill
Economy|Europe|Political|World

Hungary's PM says he will conclude political deal on EU funds with von der Leyen

Hungarian Prime Minister Peter Magyar said on Friday he would conclude a political agreement on the release of frozen European Union funds at a meeting with European

Hungary's PM says he will conclude political deal on EU funds with von der Leyen
Business|Economy|Finance|Stock Markets|US

Jobs report on tap for soaring US stocks as rate path, bond yields eyed as risks   

Investors will turn to an important labor market update next week as they weigh whether simmering inflation and the potential for interest rate hikes

Jobs report on tap for soaring US stocks as rate path, bond yields eyed as risks   
Business|Economy|Technology

Taiwan's MediaTek says it supports both TSMC and Intel's advanced packaging technologies

Taiwan chip designer MediaTek said on Friday it supports both TSMC's and Intel's advanced packaging technologies, allowing customers to choose between the two

Taiwan's MediaTek says it supports both TSMC and Intel's advanced packaging technologies
Business|Economy|Finance|World

Rule changes may only yield modest Fed balance sheet contraction

By Michael S.

Rule changes may only yield modest Fed balance sheet contraction
Business|Economy|Finance|Stock Markets|World

European shares secure monthly gains on Middle East peace hopes

European shares edged higher on Friday, wrapping up the month with gains as investors clung to hopes that a proposed deal to extend a Middle

European shares secure monthly gains on Middle East peace hopes
Africa|Business|Economy|Finance|Political|Stock Markets|World

Nigeria's Tinubu says reforms stabilising economy despite hardship

Nigerian President Bola Ahmed Tinubu said on Friday his economic reforms stabilised the country and revived investor confidence, despite a steep cost-of-

Nigeria's Tinubu says reforms stabilising economy despite hardship
Business|Economy|Finance|Stock Markets|World

Japan spent $73 billion in yen-buying intervention, ministry data shows

Japanese authorities spent 11.7 trillion yen ($73.5 billion) intervening in foreign exchange markets over the past month to support the yen, but with only

Japan spent $73 billion in yen-buying intervention, ministry data shows
Asia|Business|Economy|Political|World

New Zealand aiming for steady rises in defence spending, minister says

New Zealand is aiming for "smooth and steady" rises in defence expenditure to meet its target of spending 2% of GDP on the military within 8 years, its new

New Zealand aiming for steady rises in defence spending, minister says
Business|Economy|Europe|World

European Commission vows tougher action on trade with China

The EU's trade and investment relationship with China is "not sustainable", the European Commission said on Friday, vowing a stronger response as

European Commission vows tougher action on trade with China
Business|Economy|Finance|Stock Markets|World

Nomura seeks US fund management acquisitions as part of global expansion

Japan's Nomura Holdings is looking for acquisition targets for its investment management business in the U.S. to build on last year's $1.8 billion buyout of

Nomura seeks US fund management acquisitions as part of global expansion
Business|Economy|Finance|Stock Markets|US|World

Fed's Schmid warns against viewing oil shock as transitory

By Michael S.

Fed's Schmid warns against viewing oil shock as transitory
Business|Economy|Finance|Stock Markets

Deal or no deal

Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!

Deal or no deal
Business|Economy|Finance|World

Bank of England's Bailey signals no need to move quickly to curb inflation jump

Bank of England Governor Andrew Bailey said on Friday that allowing inflation to run above the central bank's 2% target is justified given the uncertainty about the impact of the

Bank of England's Bailey signals no need to move quickly to curb inflation jump
Business|Economy|Europe|World

Italy first quarter growth revised up as exports shine

Italy's economy grew by 0.3% in the first quarter from the previous three months, boosted by strong exports, national statistics bureau ISTAT said on Friday, revising up a

Italy first quarter growth revised up as exports shine
Economy|Political|World

Colombians head to the polls with peace efforts, economy on agenda

Colombians are set to vote on Sunday in what is likely the first round of a presidential election, amid deep polarization between those seeking

Colombians head to the polls with peace efforts, economy on agenda
Economy|MidEast|Political|World

Iran promises ‘utter ruin’ if war restarts. Here’s what could happen if diplomacy fails

Iran promises ‘utter ruin’ if war restarts. Here’s what could happen if diplomacy fails

Iran promises ‘utter ruin’ if war restarts. Here’s what could happen if diplomacy fails
Business|Economy|Finance|Political|Stock Markets|Technology|US|World

How do US arms sales to Taiwan work and why are they such a sore point for China?

How do US arms sales to Taiwan work and why are they such a sore point for China?

How do US arms sales to Taiwan work and why are they such a sore point for China?
Business|Economy|Political|Travel|World

Mullin plan to punish sanctuary jurisdictions by targeting their airports faces fierce headwinds

Mullin plan to punish sanctuary jurisdictions by targeting their airports faces fierce headwinds

Mullin plan to punish sanctuary jurisdictions by targeting their airports faces fierce headwinds
Business|Economy|Europe|Finance|MidEast|Stock Markets|World

Global bonds take wild ride in May as Iran war shocks market

The Iran war rocked global bond markets again in May, sending yields to multi-decade highs as traders priced in central bank rate hikes

Global bonds take wild ride in May as Iran war shocks market
Business|Economy|Science|Technology|World

OpenAI gives Japan banks access to latest model, Japan's finance minister says

OpenAI has given some Japanese financial institutions access to its GPT-5.5 model to help prevent cyberattacks, Japanese Finance Minister Satsuki Katayama

OpenAI gives Japan banks access to latest model, Japan's finance minister says
Business|Economy|Europe|Finance|World

ECB will act to head off persistent inflation, Panetta says

The European Central Bank will act in a "timely and measured manner" to prevent the current energy shock from turning into persistent inflation, governing council member Fabio

ECB will act to head off persistent inflation, Panetta says
Business|Economy|Science|Technology|World

At Computex, Nvidia and Taiwan's expanding role in AI infrastructure set to take centre stage

At Taiwan's annual Computex trade show next week, the spotlight is likely to be dominated, as usual, by Nvidia and its products, but also by the island's

At Computex, Nvidia and Taiwan's expanding role in AI infrastructure set to take centre stage
Asia|Economy|World

Why Malaysia's Anwar is considering a snap election

Malaysia's Prime Minister Anwar Ibrahim has said he would consider calling for snap polls if tensions within his ruling alliance got worse. 

Why Malaysia's Anwar is considering a snap election
Asia|Business|Economy|World

Indonesia inflation seen picking up to 2.97% in May,  April trade surplus shrinking

Indonesia's annual inflation rate likely accelerated in May to 2.97%, a Reuters poll showed on Friday, closer to the upper end of the central bank's target range amid

Indonesia inflation seen picking up to 2.97% in May,  April trade surplus shrinking
Business|Economy|Europe|Finance|Stock Markets|World

German unemployment falls unexpectedly in May

The number of unemployed people in Germany fell unexpectedly in May, labour office figures showed on Friday, but the office warned

German unemployment falls unexpectedly in May
Business|Crime|Economy|Europe|Political|World

Ukraine says Russian drones attacked three foreign-flagged vessels

Russian drones attacked three foreign-flagged merchant vessels late on Thursday and overnight as they sailed along Ukraine's maritime export corridor in the Black Sea, Deputy Prime

Ukraine says Russian drones attacked three foreign-flagged vessels
Business|Economy|Finance|Stock Markets|World

Definitely, maybe

Stop-start efforts by Tehran and Washington to extend their ceasefire and reopen the Strait of Hormuz dominate the market outlook, while U.S. and euro zone data should shed more

Definitely, maybe
Business|Economy|Europe|World

Italy April jobless rate edges down to 5.1%, 123,000 jobs created

Italy's unemployment rate fell slightly to 5.1% in April and a net 123,000 jobs were created during the month, national statistics bureau ISTAT reported on Friday.

Italy April jobless rate edges down to 5.1%, 123,000 jobs created
Business|Economy|Technology|World

Taiwan raises 2026 GDP growth outlook to 16-year high on strong AI demand

Taiwan's tech-driven economy is expected to grow at its fastest pace in 16 years in 2026, the government statistics agency said on Friday,

Taiwan raises 2026 GDP growth outlook to 16-year high on strong AI demand
Business|Economy|Europe|World

Italy EU-harmonised CPI jumps to 3.3% y/y in May, slightly above forecast

Italian EU-harmonised consumer prices (HICP) rose by 0.4% in May from the month before, with the annual inflation rate surging to 3.3% from 2.8% in April amid increasing

Italy EU-harmonised CPI jumps to 3.3% y/y in May, slightly above forecast
Business|Economy|Europe|Finance|World

French inflation at 27-month high of 2.8% in May, but below forecast

French inflation rose in May at the fastest pace in more than two years on surging energy prices, though slightly less than expected, preliminary data from statistics agency INSEE

French inflation at 27-month high of 2.8% in May, but below forecast
Business|Economy|Europe|Finance|World

French economy shrank by 0.1% in first quarter

France's economy shrank slightly in the first quarter, final data from statistics office INSEE showed on Friday, missing the preliminary reading of 0.0% for the euro zone's second-

French economy shrank by 0.1% in first quarter
Business|Economy|Europe|Finance|MidEast|World

Iran war impact could 'doubly scar' euro zone consumers, ECB research finds

Euro zone consumers, already scarred by the Ukraine war, have changed their attitudes more quickly as a result of the upheaval of the Iran war, European Central Bank

Iran war impact could 'doubly scar' euro zone consumers, ECB research finds