Global airlines cut 2 million seats from May schedules as fuel costs double amid the war in Iran. Carriers are canceling flights and downsizing aircraft to manage the supply shortage, according to data from Cirium and the Financial Times.

Russian Prime Minister Mikhail Mishustin announces a debt write-off of over 114 billion rubles for 21 regions. The government initiative aims to free up regional budget resources to support local economic development and public services.

Russian Prime Minister Mikhail Mishustin announced that the government will partially write off budget loan debts for 21 Russian regions, totaling over 114 billion rubles. The measure is intended to free up resources for regional budgets and support economic development.

Turkey's annual inflation rate rises to 32.37% in April, the highest level recorded in six months.

Turkey's annual inflation rate climbed to 32.37% in April, marking the highest level recorded in the country over the past six months.

G7 trade ministers meet in Paris to address industrial policy and trade resilience amid rising global economic tensions and U.S. tariff threats. The talks focus on critical minerals and coordinating a unified response among major economies.

G7 trade ministers have convened in Paris to discuss critical minerals, industrial policy, and trade resilience amid rising global economic tensions and U.S. tariff threats.

European Union finance ministers warn they will consider retaliatory measures if US President Donald Trump moves forward with a proposed 25% tariff on EU-manufactured cars and trucks.

European Union finance ministers have stated that the bloc will consider all retaliatory options if US President Donald Trump proceeds with his threat to impose a 25% tariff on vehicles imported from the EU.