UBS reports Q1 2026 net income of $3.04 billion, beating analyst expectations of $2.42 billion. The bank also announced a $3 billion share buyback program for the second quarter.

ECB's Joachim Nagel says the economic situation is evolving less favorably than the March baseline.

ECB's Joachim Nagel stated that the economic situation is evolving less favorably than the March baseline.

Indonesia plans to cut the maximum commission ride-hailing companies can take from drivers to 8%.

Indonesia plans to reduce the maximum commission that ride-hailing companies can take from their drivers to 8%.

Singapore Prime Minister Lawrence Wong warns of slowing economic growth in the city-state this year, citing the prolonged closure of the Hormuz Strait and the ongoing war on Iran.

Singapore Prime Minister Lawrence Wong stated that the city-state's economic growth is expected to slow this year due to the ongoing closure of the Hormuz Strait and the continuation of the war on Iran.

US officials estimate the cost of operations involving Iran has reached $50 billion, doubling the Pentagon's previous $25 billion projection. The figure excludes long-term costs and destroyed equipment.

US officials report that the cost of operations involving Iran has reached nearly $50 billion, a figure that doubles the Pentagon's initial $25 billion estimate and excludes expenses for destroyed equipment and long-term liabilities.