Bank of Canada official signals potential for back-to-back interest rate hikes as energy prices drive inflation concerns. Canadian government bonds fall following the announcement.

Google Cloud revenue growth outpaces Microsoft and Amazon as all three tech giants beat quarterly earnings estimates on strong AI demand.

Google Cloud revenue growth outpaced Microsoft and Amazon in the latest quarter, as all three major cloud providers exceeded analyst expectations driven by sustained demand for artificial intelligence services.

UN Secretary-General Antonio Guterres warns that a blockade of the Strait of Hormuz could trigger a global economic recession.

UN Secretary-General Antonio Guterres has warned that a potential blockade of navigation in the Strait of Hormuz could trigger a global economic recession.

European Central Bank policymakers signal a likely interest rate hike in June, with several governors indicating at least two increases may be necessary unless energy prices drop or the war concludes.

European Central Bank policymakers reached a broad consensus on Thursday regarding the necessity of a rate hike in June, with several governors suggesting at least two increases may be required depending on geopolitical and energy market developments.

The Bank of England holds interest rates steady, citing potential inflation risks stemming from the conflict in Iran.

The Bank of England has maintained its current interest rates while warning that the ongoing conflict in Iran poses significant risks to inflation levels.