Russia's Ministry of Economic Development raises 2026 inflation forecast to 5.2% while cutting GDP growth projections to 0.4%. The ministry also revised its average annual dollar exchange rate forecast for the year to 81.5 rubles.

Cyberattacks cost the German economy an estimated €202 billion in 2025, according to official data. Authorities warn of an increasing volume of sophisticated, AI-driven criminal operations originating from abroad.

German authorities reported that cyberattacks caused an estimated €202 billion in losses to the national economy throughout 2025. Officials identified a rise in sophisticated, AI-enabled criminal activity originating from foreign sources.

PayPal agrees to waive $30 million in fees to settle a Justice Department probe into its minority-business funding program.

PayPal has agreed to pay $30 million to settle a Justice Department investigation into its handling of a minority-business funding program.

Federal Reserve Bank of Chicago President Austan Goolsbee says inflation shows pervasive price pressures in US economy, potentially indicating overheating.

Federal Reserve Bank of Chicago President Austan Goolsbee stated that inflation readings indicate widespread price pressures in the U.S. economy and could suggest overheating.

Goolsbee says services inflation is the worst part of April CPI.

Goolsbee stated that services inflation was the most concerning aspect of the April Consumer Price Index (CPI).