G-7 finance chiefs agreed on a communiqué, but compromised on global trade wording. (WSJ)
India’s economy appears to be in shape to withstand the headwinds posed by trade policy shifts, the nation’s central bank said in a report. (WSJ)
The National Oceanic and Atmospheric Administration expects 13 to 19 Atlantic storms, with six to 10 reaching hurricane-strength winds, in the six-month storm season starting June 1. (WSJ)
Taiwan will commission new army drone units and naval sea drones this year to prepare for a potential Chinese invasion. (WSJ)
North Korean leader Kim Jong Un lambasted officials after a much-touted new warship capsized in a botched launch. (WSJ)
Nike said it will raise prices on certain items by June 1 and resume selling footwear and apparel on Amazon for the first time since 2019. (Barron’s)
Ralph Lauren will raise prices more than previously planned to offset tariffs as it posted higher-than-expected quarterly earnings. (WSJ)
Stellantis will delay production of its 2026 base-model electric Dodge Charger Daytona at its plant in Ontario while it assesses the effects of tariffs. (WSJ)
Chinese automaker BYD sold more electric vehicles in Europe than Tesla for the first time. (WSJ)
The Department of Transportation is promising to take truck drivers who can’t speak English off U.S. roads, which could delay loads and tighten truck capacity. (Journal of Commerce)
The U.K. transferred sovereignty of the Indian Ocean’s Chagos Islands to Mauritius, though it will retain control of Diego Garcia, which hosts a large U.S. military base. (Associated Press)
The U.S. Army Corps of Engineers allocated $33 million for a project to widen and deepen Texas’s Houston Ship Channel. (TradeWinds)
A unit of Mediterranean Shipping renewed a terminal lease for 10 years at Florida’s Port Everglades. (The Loadstar)
The spot rate to ship cargo by air from Hong Kong to the U.S. rose by more than 40 cents a kilogram since the start of this week to over $4.50 per kilogram, following a drop in prices as U.S. tariffs hit. (Air Cargo News)
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