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Recent Editions
Risk Channel
North America
The U.S. goods trade deficit widened more than expected in March, according to the Commerce Department, rising 5.3% to $87.9bn, as a sharp increase in imports outpaced export growth and pointed to a potential drag on first-quarter economic performance. Imports climbed by $9.6bn to $299.3bn, driven by strong demand across categories including motor vehicles, food, capital goods, and industrial supplies, while exports rose by a smaller $5.2bn to $211.5bn, with gains in vehicles, energy-related goods, and capital equipment partly offset by a decline in consumer goods shipments. The Commerce Department also reported Wednesday that U.S. durable goods orders increased 0.8% to $318.9bn in March, exceeding forecasts and ending a three-month decline, driven by gains across key categories. Orders excluding transportation rose 0.9%, while shipments also increased 0.7%, indicating a modest rebound in manufacturing activity.
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Risk Channel
UK/Europe
The focus of the EU’s Digital Markets Act (DMA) is to turn to cloud and AI services after the European Commission said it has seen progress in other digital areas. The commission said its aim for the near future was to make cloud services and AI “fairer and more contestable,” and that it planned to look into whether certain AI services should be designated as core platforms in the market for virtual assistants. "The DMA was designed to be future-proof and adapt to emerging challenges, for example in AI and cloud," European Union antitrust chief Teresa Ribera said.
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