India's commerce ministry announced restrictions on some imports from Bangladesh via its land borders, prompting fears for the South Asian country's export-reliant economy. The announcement came a month after Bangladesh banned yarn imports from New Delhi through the same land routes.
India's central bank cut interest rates more than expected on Friday, citing muted inflation and a need to kickstart economic growth amid concerns about the impact of US tariffs. Easing price concerns have also allowed the RBI to concentrate on growth, with retail inflation dropping to a near six-year-low of 3.16 percent in April.
Vietnam's exports rose sharply last month, official figures showed Friday, as the communist country tries to negotiate relief from swingeing tariffs threatened by US President Donald Trump. Despite the tariff uncertainty, the United States remained Vietnam's number one export market with $57 billion in the first five months of 2025 -- up from $44 billion over the same period a year ago.
The head of submarine mining pioneer The Metals Company told AFP he had "no doubt" the Canadian firm would be the first to to extract coveted minerals from the deep seas, with help from Donald Trump. Q: How important is it to be the first to extract minerals from the deep sea?
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