Federal Reserve Chair Jerome Powell says the central bank expects tariff-related inflation to recede over the next two quarters. The outlook suggests a potential easing of price pressures linked to trade policy in the coming months.

Russia to auction 67.2% stake in Yuzhuralzoloto Group on May 8. The state-seized gold mining assets are valued at over 162 billion rubles, with bidding set to conclude by May 18.

Russia's Federal Agency for State Property Management (Rosimushchestvo) announced an auction to sell a 67.2% stake in the Yuzhuralzoloto Group, following a court order to seize the assets for the state. The auction is scheduled for May 8, with a starting valuation of approximately 162 billion rubles.

Shipping traffic through the Strait of Hormuz has fallen by approximately 95% since the start of U.S. and Israeli military operations against Iran in late February, according to Kpler data.

Shipping traffic through the Strait of Hormuz has declined by approximately 95% since the start of military operations by the U.S. and Israel against Iran on February 28, according to data from Kpler cited by Al Jazeera and CNN.

UniCredit plans to split its Russian business and sell a portion of its assets to a private investor from the UAE by the first half of 2027. The deal remains subject to regulatory approvals and the signing of a binding agreement.

UniCredit plans to split its Russian business, intending to sell a portion of its assets to a private investor from the UAE by the first half of 2027. The deal involves a spin-off of operations into a new legal entity, with UniCredit retaining ownership of the new bank while the buyer acquires the remaining assets.

The U.S. and Iran are engaged in talks regarding a potential short-term agreement to end the ongoing conflict, according to Reuters.

The United States and Iran are currently engaged in discussions regarding a potential short-term agreement aimed at ending the ongoing conflict, according to Reuters.