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India will scrap its 11% cotton import duty from June 1 to October 30. The move aims to lower input costs for textile firms amid global supply disruptions.

India Waives 11% Cotton Import Duty for Textile Sector

India will scrap its 11% cotton import duty from June 1 to October 30. The move aims to lower input costs for textile firms amid global supply disruptions.

Current and former officials warned at a conference in Croatia that political interference is rising as central banks maintain high interest rates to curb inflation. Policymakers noted that high government debt and calls for lower rates threaten the credibility needed to ensure long-term price stability.

Inflation fight puts central bank independence at risk

Current and former officials warned at a conference in Croatia that political interference is rising as central banks maintain high interest rates to curb inflation. Policymakers noted that high government debt and calls for lower rates threaten the credibility needed to ensure long-term price stability.

President To Lam told Reuters that maintaining good relations with China is essential for regional security and resolving South China Sea disputes. He emphasized that Vietnam will not pick sides between major powers while pursuing an ambitious economic goal of reaching high-income status by 2045.

Vietnam Leader Says China Ties Will Benefit Regional Peace

President To Lam told Reuters that maintaining good relations with China is essential for regional security and resolving South China Sea disputes. He emphasized that Vietnam will not pick sides between major powers while pursuing an ambitious economic goal of reaching high-income status by 2045.

Senate Republicans are demanding oversight and specific eligibility requirements for a proposed 1.8 billion dollar fund intended to compensate victims of political weaponization. Lawmakers remain divided over the measure as a federal judge temporarily blocks the administration from moving forward.

Senate Republicans Seek Guardrails for Trump Fund

Senate Republicans are demanding oversight and specific eligibility requirements for a proposed 1.8 billion dollar fund intended to compensate victims of political weaponization. Lawmakers remain divided over the measure as a federal judge temporarily blocks the administration from moving forward.

Moscow recalled its envoy to Armenia over the nation's deepening EU ties ahead of a June vote. The move follows warnings of suspension from a Russian-led bloc.

Russia recalls Armenia envoy over EU rapprochement

Moscow recalled its envoy to Armenia over the nation's deepening EU ties ahead of a June vote. The move follows warnings of suspension from a Russian-led bloc.

Market Overview

Guyana is poised to see its share of oil profits jump from 12.5% to 50% this year as Exxon Mobil nears the recovery of its initial exploration costs. While high crude prices bolster the sovereign wealth fund, the government faces pressure to improve local infrastructure and manage rising domestic inflation.

Guyana Oil Revenue Set to Surge Amid Global Conflict

Chinese Defence Minister Dong Jun missed the Singapore security summit for the second year in a row, opting to send a delegation of researchers instead. U.S. Defense Secretary Pete Hegseth noted the absence while calling for open communication to address regional maritime and aerial tensions.

China Skips Senior Presence at Asian Defence Forum

Chinese Defence Minister Dong Jun missed the Singapore security summit for the second year in a row, opting to send a delegation of researchers instead. U.S. Defense Secretary Pete Hegseth noted the absence while calling for open communication to address regional maritime and aerial tensions.

The USTR has opened a Section 301 investigation into Vietnam over persistent failures to protect intellectual property. This move could lead to new tariffs as officials cite ongoing issues with online piracy and counterfeit goods despite recent regulatory updates.

US Probes Vietnam Intellectual Property Practices

The USTR has opened a Section 301 investigation into Vietnam over persistent failures to protect intellectual property. This move could lead to new tariffs as officials cite ongoing issues with online piracy and counterfeit goods despite recent regulatory updates.

China broadens digital yuan use for fiscal spending

The People’s Bank of China is pushing for broader adoption of the e-CNY by integrating it into lottery draws, green energy payments, and cross-border trade. New policy incentives and technical pilots aim to build a digital ecosystem that reduces reliance on Western-led payment systems.

US Probes Reid Hoffman Group Over Carroll Lawsuit Funding

The U.S. Justice Department has opened an investigation into American Future Republic over potential money laundering and obstruction related to its funding of E. Jean Carroll's lawsuits against Donald Trump. While the probe examines the financial support provided by the billionaire LinkedIn co-founder's group, officials clarified that Carroll herself is not a focus of the criminal inquiry.

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