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

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.

The Australian government has proposed a new tax on digital platforms including Meta, Google, and TikTok, requiring them to contribute a portion of their revenue to support news journalism.

Global commodity prices rise as the Strait of Hormuz remains closed amid the ongoing conflict involving the United States, Israel, and Iran.

The continued closure of the Strait of Hormuz is driving global commodity price increases amid the ongoing conflict between the United States, Israel, and Iran.

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.