What would lifting US sanctions on Syria mean to the war-torn country? President Donald Trump’s announcement that the U.S. will ease sanctions on Syria could eventually facilitate the country’s recovery from years of civil war and transform the lives of everyday Syrians. (AP)

India’s April wholesale inflation slows to 13-month low as food prices fall. In April, wholesale inflation, a proxy for producer prices, recorded at 0.85% year-on-year, compared to 2.05% in March. (Reuters)

EU prepares new sanctions targeting Russia’s shadow fleet despite proposed Zelenskyy-Putin talks. European countries are preparing new sanctions on Russia despite a potential direct meeting for peace talks between Kremlin leader Vladimir Putin and Ukrainian President Volodymyr Zelenskyy on Thursday, three sources told CNBC. (CNBC)

Bessent sees tariff agreement as progress in ‘strategic’ decoupling with China. Treasury Secretary Scott Bessent said Monday that the trade agreement reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products. (CNBC)

US-China trade war pushed global supply chain near breaking point, new data shows. The trade truce reached between the U.S. and China arrived just as President Donald Trump’s tariffs took a big bite out of North American & Asian manufacturing, with a steep retreat in April purchasing activity after the rush to hoard supply, according to the GEP Global Supply Chain Volatility Index. (CNBC)

UK hits back at claims US tariff deal bad for China. The UK government has hit back at suggestions the tariff agreement it reached with the U.S. last week could be damaging to China. (BBC)

French economy to grow only ‘slightly’ in second quarter: central bank. Business activity will be buoyed by a moderate pickup in the services and industrial sectors while the construction and energy sectors are losing momentum, the Bank of France said in its monthly outlook, based on a survey of 8,500 firms. (Reuters)

The big trade-off in the “big, beautiful bill.” The current version of the “one big, beautiful bill,” as President Trump calls it, which moved through the House Ways and Means Committee overnight Tuesday, would sunset several key provisions after a few years. (Axios)

Argentina inflation brakes more than expected in April. Argentina’s monthly inflation rate slowed more than expected to 2.8% in April, data from national statistics agency INDEC showed on Wednesday, though residents continue to struggle with the South American nation’s ever-rising costs. (Reuters)

‘The Germans are back:’ Business leaders tell government it’s time to deliver. Top German business leaders, economists and politicians descended onto a small, picturesque Bavarian town situated next to the iconic Tegernsee lake last week to share their hopes and discuss what’s at stake for the new government. (CNBC)

Backlog hits nearly 2-year high despite tariff worries. Despite the threat of tariffs, construction backlog rose to its highest level since September 2023 and contractors’ confidence in their future profit margins grew, according to an Associated Builders and Contractors survey April 22 to May 6. (Construction Dive).

Cuban sugar production falls further, rattling rum makers. Cuban annual raw sugar production will fall below 200,000 metric tons in 2025 for the first time since the 19th century, potentially leaving rum makers short of a key ingredient, according to recent official reports and an industry source. (Reuters)

Trump’s movie tariff plot twist: What’s a Hollywood movie anyway? The latest installment of the Donald Trump Cinematic Universe has an audacious plot line: The protagonist wants to put a 100% tariff on all movies made abroad to restore a troubled American film industry to its former glory. (CNN Business)