Hongqi, the Chinese luxury car brand once used by Mao Zedong, is in talks with Stellantis to build vehicles at a Spanish factory, Reuters exclusively reports.

Australian household spending rose 1.6% in March, driven by higher fuel prices linked to Middle East conflict, official data shows.

Official data from the Australian Bureau of Statistics shows that Australian household spending rose 1.6% in March, primarily driven by a 5.1% surge in transport costs linked to higher fuel prices amid the Middle East conflict.

IMF chief Kristalina Georgieva warns of a 'much worse' global economic outlook if the Middle East conflict persists into 2027, citing risks of rising inflation and oil prices hitting 125 dollars per barrel.

IMF Managing Director Kristalina Georgieva warned that the global economy faces a 'much worse outcome' if the Middle East conflict continues into 2027, potentially driving oil prices to 125 dollars per barrel and fueling inflation.

Libya approves its first unified national budget in 13 years, ending over a decade of fiscal fragmentation. Prime Minister Abdul Hamid Dbeibah confirmed the move following a consensus agreement between the country's rival legislative bodies.

Libyan Prime Minister Abdul Hamid Dbeibah announced the approval of a unified national budget for 2026, marking the first such consensus in 13 years following a deal between the country's rival legislative bodies.

President Donald Trump says he is considering the withdrawal of US troops from Spain and Italy, questioning the necessity of the current military presence in both countries.

US President Donald Trump stated he is considering the withdrawal of American military forces from Spain and Italy, questioning the necessity of their continued presence in those nations.