China pledges to ramp up efforts to defuse local government debt risks.

China exports hit record $359.4B in April, surging 14.1% YoY despite Hormuz chaos, crushing forecasts of 6.9% growth.

Chinese exports surged 14.1% year-on-year in April to a record $359.4 billion, according to customs data, despite ongoing supply chain disruptions from the Hormuz Strait situation.

China exports rebound more than expected despite Iran war shipping disruptions, AI boom boosts trade volumes

China's export growth rebounded more than expected, Bloomberg reports, despite shipping disruptions caused by the war in Iran, as trade volumes swell due to an AI investment boom.

Polestar is racing to make electric vehicles cleaner even as some automakers abandon EVs, Bloomberg News reports.

Polestar is racing to make electric vehicles cleaner even as some automakers abandon EVs, Bloomberg News reports.

Kenya plans new taxes on mobile phones and banking fees to raise nearly $1 billion, aiming to slash fiscal deficit to lowest in a decade, Bloomberg reports

Kenya plans to impose taxes on mobile phones and banking fees to help raise nearly $1 billion in revenue as part of efforts to reduce the nation's fiscal deficit to its lowest in a decade and address debt challenges.