President Donald Trump orders aides to prepare for an extended blockade of Iranian ports to further restrict shipping and increase economic pressure on Tehran, according to The Wall Street Journal.

EU demands Ukraine raise VAT to 20% for companies on preferential tax system with revenue over €77,400 to avoid stricter conditions on €90 billion loan, Bloomberg reports citing sources.

The European Union demands that Ukraine implement tax changes, otherwise the community will impose stricter conditions for the provision of a €90 billion loan. Bloomberg reported this citing sources. According to its data, Ukraine must increase VAT to 20% for companies operating under a preferential system and with an annual income of more than €77,400.

UBS reports Q1 2026 net income of $3.04 billion, beating analyst expectations of $2.42 billion. The bank also announced a $3 billion share buyback program for the second quarter.

UBS reported Q1 2026 net income of $3.04 billion, exceeding analyst estimates of $2.42 billion, and announced plans to repurchase $3 billion in shares during the second quarter.

EU may tighten conditions for Ukraine's €90bn loan, Bloomberg reports.

EU may tighten conditions for granting Ukraine a €90 billion loan, Bloomberg reported.

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.