Meta said it's cutting 10% of its workforce, just as Microsoft announced that it's offering employee buyouts for the first time in its 51-year history.
South Korea's Financial Services Commission (FSC) Chairman Lee Eog-weon apologized for failing to meet public expectations amid extreme market volatility, exacerbated by single-stock leveraged ETFs. The FSC announced measures to stabilize the market, including a hike in minimum cash deposits for ETF investments and potential caps on ETF investments within individual portfolios.
India's Commerce Minister Piyush Goyal states the first tranche of the US-India bilateral trade agreement awaits US assurance to ensure India gains a comparative advantage over competitors, amidst ongoing trade negotiations and tariff implications.
Air France-KLM et Lufthansa ont déposé des offres pour une participation minoritaire dans TAP Air Portugal, avec des plans stratégiques pour son développement et celui du Portugal.
The US Federal Reserve held its benchmark interest rate steady at 3.5-3.75% amid economic uncertainty, including concerns over the Iran war, despite President Trump's calls for lower rates.
Italy faces soaring fuel prices, with petrol reaching €2.6/litre in Milan. The government considers variable excise duties to mitigate the crisis, while opposition parties demand more substantial measures, citing a projected €10.8 billion spending on fuel for Italians in 2026.
China inaugurates a low-altitude economic development center in Tibet, supporting Beijing's push for industrial growth in autonomous regions, following the launch of a high-altitude uncrewed equipment test base in Ngari prefecture.
