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America and Ukraine signed a deal that gives America access to Ukraine's minerals deposits

and creates a joint investment fund.

Scott Besant, America's Treasury Secretary, said that the agreement shows Russia that the Trump administration wants a, quote,

peace process centered on a free, sovereign and prosperous Ukraine over the long term. The framework

now goes to Ukraine's Parliament for approval.

America's economy shrank by an annualised 0.3% in the first quarter, the first contraction in three

years. The dramatic drop from 2.4% growth at the end of 2024 was accompanied by a deepening trade deficit

as businesses rushed to shipping goods before tariffs made them more pricey. Consumer sentiment

has dropped to its lowest level since the recession in 1990. Pakistan claimed that it has credible intelligence that India is poised to launch a military

strike within the next two or three days. Tension has mounted between the nuclear-armed neighbors

after an attack in India controlled Kashmir killed 26 tourists last week. India argues that Pakistan

backs the militants behind the attack, a claim which Pakistan denies. Taiwan's economy was supercharged

by a surge in exports as global tech companies front-loaded orders before American tariffs

spite. The country's economy expanded 5.4% from a year earlier in the first quarter of 2025.

Its statistics agency unexpectedly raised the full-year forecast to 3.6%.

...