Australia proposes a new tax on digital giants Meta, Google and TikTok to fund news reporting. The measure would require the companies to pay a portion of their revenue to support local journalism.

Australia monthly CPI jumps 1.1% in March, annual rate eases to 4.6% vs 4.8% est.

Australian consumer prices surged 1.1% month-on-month in March after remaining flat in February, while the annual inflation rate eased to 4.6%, below the 4.8% forecast. The trimmed mean measure rose 0.3% on the month and 3.3% year-on-year.

Beijing orders Meta to unwind $2 billion investment in AI startup Manus

The Chinese startup Manus, once seen as an AI breakthrough, is now a cautionary tale after Beijing regulators ordered Meta to reverse its $2 billion investment.

Xi Jinping's rare earths dominance gives him $1.2 trillion leverage for summit with Trump in Beijing next month.

China’s dominance of rare earths supply chains gives President Xi Jinping economic leverage worth $1.2 trillion in his planned summit meeting with US President Donald Trump in Beijing next month

Finland’s Kone agrees to acquire German rival TK Elevator in a $34.4 billion deal. The acquisition marks a significant consolidation in the global elevator and escalator industry.

Finland's Kone has announced an agreement to acquire German competitor TK Elevator in a deal valued at $34.4 billion.