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China's factory-gate prices fell 2.7 percent in April, the steepest drop in six months, while consumer prices fell for the third consecutive month, underscoring mounting deflation risks.

The economic downturn is being driven by low domestic demand, a prolonged housing collapse, and escalating trade tensions with the United States, according to Reuters.

In response, Beijing has announced more stimulus measures, like as rate reduction and liquidity increases. Retail giants such as JD.com and Alibaba's Freshippo are assisting exporters in shifting to the domestic market, however low consumer confidence may keep prices under pressure.

As trade talks start in Switzerland, global banks have downgraded China's GDP forecast to below the official 5 percent target, citing the impact of ongoing economic headwinds, Reuters reported.

Rumen Radev, Bulgaria's president, indicated on Friday that he will propose to parliament a countrywide referendum on euro adoption in 2026.

In a public address, Radev stated that Bulgaria, as a full member of the European Union since 2007, is facing a key strategic decision regarding the adoption of the single European currency. He underlined that other EU countries had held referendums on joining the Eurozone, according to Xinhua.

Under the Bulgarian constitution, the president can set a date for a referendum only after the National Assembly approves the proposal.

Finance Minister Temenuzhka Petkova recently stated that Bulgaria has completed all of the requirements for Eurozone membership and is awaiting assessments from the European Commission and the European Central Bank. She expressed hope for a positive outcome, Xinhua reported.

Meta CEO Mark Zuckerberg has overtaken Amazon founder Jeff Bezos to become the world’s second-richest person, according to The Times of India. A recent surge in Meta’s stock, driven by investor optimism around AI and tech innovation, significantly boosted Zuckerberg’s net worth.

Bezos, now ranked third, has long been a major contender among the world's elite. The move highlights the unpredictable nature of tech-driven wealth, in which fortunes fluctuate in response to market trends and corporate performance.

Zuckerberg’s rise reflects Meta’s renewed momentum, while Bezos continues to lead through Amazon and his broader business interests. The latest reshuffle marks another chapter in the ongoing rivalry among tech’s wealthiest figures, The Times of India reported.

The US Federal Reserve left its benchmark interest rate constant at 4.25%-4.50%, citing inflation and employment risks associated with President Trump's recent tariffs.

The Fed observed a rise in imports ahead of the tariffs, but concluded it had no major impact on overall GDP. Tariffs imposed on China and other countries have caused market volatility, but execution will be delayed until July to allow for trade discussions, Reuters reported.

Despite low unemployment and stable inflation, early indicators suggest a possible economic slowdown. The Federal Reserve reaffirmed its independent role in regulating inflation and employment.