Everything that happened in global news today, summarized by AI in under 5 minutes.
The third consecutive round of 'No Kings' protests took place globally, with demonstrations occurring in multiple countries in what appears to be an organized movement against authoritarianism.
The World Trade Organization's e-commerce moratorium remains in effect, maintaining the global agreement that bans customs duties on electronic transmissions such as digital downloads and streaming services.
The OECD has sharply increased inflation forecasts for major economies, projecting 4.2% inflation in the US this year, as the Middle East conflict threatens to add markedly to business costs and raise consumer prices globally.
The OECD has sharply increased its inflation forecasts for 2026, projecting 4% average inflation for G20 economies and 4.2% for the US, up from 2.8% in December, as the Iran-driven Middle East conflict pushes commodity prices higher.
The World Cup playoff round has kicked off, putting nations on a do-or-die path to qualify for the tournament through the final qualification pathway.
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The Middle East conflict is reviving inflation concerns and hobbling the global economy, with the OECD sharply increasing its inflation forecasts to 4% for G20 economies this year, up from 2.8% predicted in December.
Oil prices touched $100 a barrel again Thursday while stock futures slipped as efforts to end the Iran war showed few signs of meaningful progress, with jitters spreading across Asian and European markets.
Business surveys reveal the Iran war is causing a synchronized slowdown across major global economies, with the eurozone facing stagflation risks, Japan experiencing unexpected inflation dips alongside weaker activity, and Australian business inflation hitting a three-year high.
BlackRock chairman Larry Fink warns that the worldwide move toward economic self-reliance will drive unprecedented capital needs that governments and banks cannot meet alone, potentially deepening wealth inequality.
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The World Trade Organization has warned that its forecast for a 1.9% rise in global goods trade is threatened by sustained high energy prices from the Middle East war, which act as a tax on consumers and could disrupt supply chains.
Oil prices slid while stocks climbed following U.S. President Trump's comments on a potential resolution to the Iran conflict, affecting global markets.
Chevron's CEO has cautioned that the oil market should brace for additional price shocks due to ongoing geopolitical tensions and supply uncertainties.
Mercedes boss Toto Wolff remains cautious despite two dominant wins, warning that rivals may use 'political' tactics to close the gap as Ferrari's Charles Leclerc admits Mercedes looks 'extremely strong'.
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The head of the International Energy Agency has warned that the ongoing Iran war poses a severe threat to the global economy, exacerbated by President Trump's ultimatum regarding the Strait of Hormuz.
Global market risks are rising as the Middle East crisis escalates, with oil volatility and geopolitical risk premiums climbing, prompting investors to seek safe-haven assets.
