timef 04/24/2025

The Bank of England is focused on the potential U.K. growth shock from U.S. tariffs if there is a slowdown in global trade, the central bank's governor Andrew Bailey said Thursday.

The uncertainty around trade tariffs is complex but a period of uncertainty also provides Europe with an opportunity to assert itself, the governor of the Bank of Latvia said.

Home sales in March were weaker than expected, due to higher mortgage rates and concern over the broader economy.

"Before looking at data in detail, the question is, what kind of political decisions will be taken?"

Trump's message to Vladimir Putin came a day after the American president said he believed that "Russia is ready" for a peace deal with Ukraine.

Indian stocks have rallied about 10% since bottoming out on April 7, when trade tensions between the United States and China escalated.

Procter & Gamble's quarterly earnings topped estimates, but its revenue fell short of expectations.

Comcast lost 199,000 total domestic broadband customers, reflecting the continued pressure on the cable giant's cornerstone business.

South Korea's data protection authority has accused Chinese AI startup DeepSeek of transferring the personal information of users without permission. 

Adobe said Thursday that it will release its Firefly AI image generator on both iOS and Android "soon," without giving a specific date.

Indonesia plans to reduce or eliminate its trade surplus with the U.S., finance minister Sri Mulyani Indrawati said.

Norway's sovereign wealth fund on Thursday reported a first-quarter loss of 415 billion kroner ($40 billion), citing weakness in the tech sector.

U.S. President Donald Trump and U.S. Treasury Secretary Scott Bessent this week indicated that there might be an easing in tensions with China.

People who aren't planning to travel this summer say the cost of everyday life (68%) is a bigger issue than travel expenses (64%), according to a new survey.

Shares of Kering fell on Thursday after the French luxury goods group posted lower than expected first-quarter sales and pointed to further macroeconomic headwinds ahead.

European officials say they're optimistic a trade deal can be reached with President Donald Trump, warning of significant harm to both sides if it isn't.

The president's softer tone toward China, despite no formal talks, was a stark contrast to his more combative rhetoric earlier in April.

Digital banking unicorn Revolut said Thursday that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149% year over year.

J.P. Morgan expects the yellow metal to reach $4,000 by the second quarter of 2026 and an average of $3,675 per ounce by the fourth quarter of 2025.

Japan's Tokyo Stock Exchange is asking listed companies to reduce their minimum investment thresholds to attract smaller retail investments.

Pakistan's federal minister says the South Asian nation is not inclined to choose between China and the U.S.

"We will be affected directly by the U.S. tariffs [and] also indirectly by their tariffs to other countries," said Rhee Chang Yong.

The president's softer tone towards China despite no formal talks was in stark contrast to his more combative rhetoric earlier in April

Data from the Bank of Korea showed that the drop was mostly due to a fall in construction, with the sector contracting 12.4% year-on-year.

South Korea's SK Hynix beat quarterly revenue and operating profit estimates, with demand from artifical intelligence remaining robust.

IBM is sticking with its expectations for 2025 despite a "fluid" economic environment.

Several units within Google have told remote staffers that their roles may be at risk if they don't start showing up at the office for a hybrid work schedule.