Global stock markets, including the Dow Jones and Nasdaq, surged by over 2% following comments from US Treasury Secretary Scott Bessent regarding potential de-escalation in trade tensions with China, alleviating investor fears.

Asian markets experienced a significant uptick as President Donald Trump declared his intention not to dismiss U.S. Federal Reserve Chair Jerome Powell. This comment has eased investor concerns around monetary policy continuity amid previous threats to replace Powell.

Hangzhou is emerging as a major tech hub in China, often referred to as the country’s ‘Silicon Valley’, with significant companies like Alibaba and DeepSeek leading the charge.

Elon Musk plans to reduce his time in Donald Trump’s Department of Government Efficiency (DOGE) to focus more on Tesla, amidst a 71% drop in the company’s first-quarter profits and ongoing sales challenges influenced by tariffs.

The IMF has significantly downgraded the UK’s growth forecast for this year to just 1.1%, citing the adverse impacts of the global trade war and rising inflation.

A recent meeting in Paris involved Marco Rubio, Steve Witkoff, and senior European officials, where they discussed the non-negotiable aspects of a potential Ukraine peace deal.