Thursday, XPO reported first-quarter earnings per share of $1.01 from sales of $2.1 billion. Wall Street was looking for earnings per share of 88 cents from sales of $2 billion. Source: barrons.com

Fuel import costs are soaring in Pakistan, creating cascading crises that threaten to weaken the economy and undermine the government. Source: aljazeera.com

The European Central Bank kept interest rates unchanged, with officials signaling they need more time to assess the extent of the Iran war’s jolt to the economy. Source: bloomberg.com

Mexico’s economy shrunk by the most in nearly six years in the first quarter in the latest economic setback for President Claudia Sheinbaum and despite her efforts to boost local and foreign investment to stimulate growth. Source: bloomberg.com

The US economy picked up steam in the beginning of the year as the United States and Israel launched a destabilizing war with Iran that has jacked up prices and is still ongoing. Source: cnn.com

Italy will extend beyond May 1 a cut in excise duties on fuels to help families ​and firms cope with rising energy costs, Economy ‌Minister Giancarlo Giorgetti said on Thursday, as consumer prices surged by almost 3% year-on-year in April. Source: reuters.com