IMF reaches loan agreement with Ukraine despite unmet condition, source says.

Kenya tables $37B budget for 2026/27 fiscal year to drive growth amid global shocks. Treasury CS John Mbadi says economy grew 5% on average from 2022-2025, but 2026 outlook cut to 5% from 5.3% due to Middle East conflict.

Kenya has unveiled a 4.8 trillion shillings (about 37 billion U.S. dollars) national budget for the 2026/2027 fiscal year to sustain growth despite global uncertainties. Kenya's National Treasury Cabinet Secretary John Mbadi presented the budget statement on Thursday before the National Assembly in Nairobi, noting the economy remains resilient with an average growth rate of 5 percent between 2022 and 2025, outperforming global averages, though the 2026 outlook was downgraded to 5 percent from 5.3 percent due to the Middle East conflict.

Brazil inflation tops target upper bound in May, complicating central bank rate-cut path

Brazil's annual inflation rose above the upper limit of the target range in May, complicating the central bank's ability to deliver further interest rate cuts.

Chinese regulators fine Futu $273M for unlicensed trading services to mainland residents. Founder Leaf Li accelerates global expansion away from the app.

Billionaire Leaf Li, founder of Futu, was caught off-guard when Chinese regulators slapped a $273 million penalty on his company for operating unlicensed trading services for mainland residents as part of a wider crackdown. In response, Li is accelerating a global push away from the company's main app.

Barclays acquires UK fintech GoHenry for £180M, taking over the loss-making children's banking app as part of its digital expansion strategy.

Barclays has paid £180 million to acquire loss-making UK fintech company GoHenry.