Other news

British companies are expressing concern about possible staff shortages in key economic sectors caused by stricter immigration rules. Experts interviewed by CNBC stated that rapidly restricting access to the global talent pool could negatively impact the economy of a country.

Argentina has made a major breakthrough in its mining sector with the discovery of a deposit containing an estimated 80 million ounces of gold and silver, along with 12 million tons of copper. According to Earth.com, the country is poised to become a major player in the global metals market.

According to data published by Reuters, consumer activity and retail sales in the UK increased significantly during the Easter celebrations. As reported by the British Retail Consortium, the volume of goods sales increased by 7% compared to April last year.

Australian wage growth in the first quarter exceeded expectations. Analysts at Bloomberg see this as evidence of a tight labor market in the country. Wage growth during said period reached 3.4% year-on-year and 0.9% quarter-on-quarter.

India’s government is preparing a response to a case on copper import restrictions filed by two trade groups. However, industry associations warn that such a move could hand three big local players a monopoly over the market, according to Reuters sources familiar with the matter.

May 19 could be a momentous day for Ripple holders, as the world's largest derivatives exchange has officially confirmed its plans to add XRP to its suite of digital assets, following the recent launch of similar financial contracts for Solana.

Solana has recorded an unprecedented surge in trading volumes on decentralized exchanges (DEX), recently surpassing the weekly figure of $22 billion. This exceeds Ethereum's current results and makes Solana the leader in this segment.

Commonwealth Bank of Australia (CBA) reported a 6% rise in first-quarter profit, driven by higher lending volumes and a recovery in trading revenue. Margins during the period were also stable, as the national financial institution claimed.

At the beginning of the week, traders assessed the impact of the US-China trade truce on inflation and global economic growth dynamics. This led to an increase in industrial metals’ prices including copper, Bloomberg reports.

Australia's pension funds with a capital of 4.2 trillion Australian dollars (2.7 trillion US dollars) are reviewing some of their investment strategies amid uncertain trade policies of the United States.