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Asia Markets in Focus After China and US Trade Talks: Live News and Updates

The European Central Bank will lower borrowing costs more than previously expected this year to below 2% as inflation is seen undershooting the institution’s target in early 2026, according to economists surveyed by Bloomberg.

The US and China both reported “substantial progress” after two days of talks in Switzerland aimed at de-escalating a trade war, marking what Chinese Vice Premier He Lifeng called “an important first step” toward resolving differences.

President Donald Trump’s administration is likely to accept a luxury Boeing 747-8 jumbo jet from Qatar’s royal family, in what may be the most valuable gift ever received from a foreign government, ABC News reported Sunday.

Pope Leo XIV used his first Sunday address to call for peace in Ukraine and Gaza, building on the message of his predecessor, Pope Francis, and offering a glimpse into the likely geopolitics of his papacy.

Donald Trump’s effort to secure peace in Ukraine is reaching a decisive moment with Ukraine’s Volodymyr Zelenskiy challenging Vladimir Putin to engage in talks this week.

High-stakes talks between the world’s two largest economies are opening in Switzerland on Saturday, offering the clearest opportunity yet for the US and China to de-escalate their trade war.

The European Central Bank needs a “steady hand” and mustn’t lower borrowing costs too much as inflation could turn out to be higher in the future, Executive Board member Isabel Schnabel said.

China’s export growth rose even as shipments to the US slumped sharply in the first month after President Donald Trump hit its goods with tariffs above 100%, a boost for a domestic economy that’s been increasingly reliant on foreign demand.

US President Donald Trump floated an 80% tariff on China ahead of negotiations due to begin Saturday as he urged Beijing to do more to open their markets to US goods.

Neben Blumen und Schokolade sind Restaurantbesuche wohl die beliebtesten Geschenke zum Muttertag. Nicht umsonst ist der Muttertag für Gastronomen einer der wichtigsten Geschäftstage. Gute Aussichten also für die Wirtschaft für den bevorstehenden Sonntag.

China’s falling marriage rate is exacerbating a demographic crisis in the world's second-largest economy, as Beijing's pro-natalist policies fall flat.

Beim Konklave im Vatikan haben die Kardinäle am Donnerstag im vierten Wahlgang einen neuen Papst gewählt. Aus dem Rauchfang der Sixtinischen Kapelle stieg um 18.08 Uhr weißer Rauch auf, begleitet vom Läuten der Glocken des Petersdoms. Das ist das Zeichen dafür, dass ein Name bei der Abstimmung der 133 Kardinäle im Konklave die nötige Zweidrittelmehrheit erhalten hat. In wenigen Minuten versammelten sich Massen von Pilgern und Pilgerinnen auf dem Petersplatz – begleitet von begeisterten „Viva il papa!“-Rufen.

Die Regierung hat sich „im Wesentlichen“ auf das Doppelbudget für die Jahre 2025 und 2026 verständigt. Das verkündete Staatssekretär Alexander Pröll (ÖVP) am Donnerstagnachmittag in einem Pressegespräch. SPÖ-Regierungskoordinatorin Michaela Schmidt (SPÖ) ergänzte: „Wir haben die 6,4 Milliarden aufgestellt.“ Details bleiben aber bis zur Budgetrede am Dienstag offen.

US President Donald Trump announced a trade framework with the UK, hailing it as a “breakthrough” that will bring down barriers and expand market access for American goods.

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping held bilateral meetings in Moscow, emphasizing the alliance between their countries as they seek to upend the US-led world order.

President Donald Trump is expected to announce a trade agreement with the United Kingdom at a news conference Thursday morning in Washington, according to people familiar with the matter.

Die Internationale Energieagentur (IEA) hat am Mittwoch ihren neuen Bericht zum weltweiten Ausstoß von Methan vorgelegt, das als weitaus klimaschädlicher als CO2 eingestuft wird. Demnach ist der Methanausstoß im Energiesektor 2024 annähernd auf Rekordniveau, nur 2019 sei der Wert höher gewesen. Auch zeigen die Daten: Stillgelegte Öl-, Gas- und Kohleförderanlagen sind Methanquellen in unvermutetem Ausmaß.

Chinese electric vehicles are losing momentum in Europe, but the nation’s automakers are selling more cars than ever in the region by throttling up deliveries of hybrids and combustion engine-powered models.

For more than 20 years, Chinese entrepreneur Sandy Zeng built a pet products business selling feeding bowls and toys to American homes. He’s now looking hard at cats and dogs in other markets.

Talks between Chinese leader Xi Jinping and Russia’s Vladimir Putin this week will include negotiations around a much-delayed natural gas pipeline connecting the two economies, reviving discussions hampered for years by disagreements on the cost, route and urgency of the project.

Fed Meeting Today: Rate Cuts, Powell Speech, Live News & Analysis

Roman Catholic cardinals from across the globe are heading to the Sistine Chapel to choose a new pope, who will set the moral compass for the Church’s 1.4 billion faithful and become a reference point for much of the world.

China reduced its policy rate and lowered the amount of cash lenders must keep in reserve, as Beijing ramps up efforts to help an economy caught in a second trade war with the US.

US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will travel later this week to Switzerland for trade talks with China led by Vice Premier He Lifeng, seeking to de-escalate a tariff standoff that has threatened to hammer both economies.

India said it conducted military strikes against “terrorist camps” in Pakistan, an expected move after it pledged retaliation for a militant attack last month in Kashmir that killed 26 people.