Europe needs a “more mature” attitude to trade and must avoid a global decoupling while it secures its economy and addresses Chinese state subsidies, the EU’s economics chief Paolo Gentiloni told CNBC on Wednesday.

After years of China being Germany’s main trading partner, the U.S. looks like it’s quietly taking that top spot as the year progresses.

Turkey’s inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.

High U.S. interest rates traditionally spell bad news for emerging markets, making their debts — which are often priced in U.S. dollars — more expensive.

The core personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, unchanged from February and slightly higher than expected.

The U.S. 2-year Treasury yield

 rose close to 5% on Thursday following data indicating strength in the manufacturing sector.

Oil prices fell on Monday after Iranʼs reprisal attack on Israel over the weekend.

Apple iPhone shipments dropped nearly 10% globally in the first quarter of 2024

China will remain the largest growth engine for the world economy in spite of its slowdown, the Asian Development Bank said.

Treasury yields jumped on Friday after closely watched nonfarm payrolls data for March surged past expectations.