China's exports and imports accelerated in May, beating forecasts as AI hardware demand offsets Iran war disruptions, Bloomberg reports.

China's oil imports slump to lowest in over 8 years as Iran war disrupts supply, Bloomberg reports.

China's crude oil imports fell to their lowest level in over eight years last month, as the war with Iran disrupted supply and Beijing refrained from seeking replacement barrels.

RBI offers concessional swaps, allows leverage on NRI deposits to boost forex inflows

India's central bank, the Reserve Bank of India (RBI), announced concessional swap facilities and allowed leverage for non-resident Indian (NRI) deposits to boost foreign exchange inflows.

BLS: 2 million Americans now unemployed for over six months, highlighting persistent long-term joblessness in the labor market.

The Bureau of Labor Statistics reports that 2 million Americans have been unemployed for over six months.

IATA chief says supply chain disruptions add at least $11 billion in extra costs for airlines globally.

Supply chain disruptions in the aviation industry add at least $11 billion in extra costs for airlines, the head of the International Air Transport Association (IATA) says.