Coming off a robust end to 2023, the U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates.

The Commerce Department is expected to report Thursday that the gross domestic product — the economy's total output of goods and services — grew at a slow but still-decent 2.2% annual pace from January through March, according to a survey of forecasters by the data firm FactSet.

French President Emmanuel Macron Thursday called for a "revision" of EU trade policy to defend European interests, accusing both China and the United States of no longer respecting the rules of global commerce.

"It cannot work if we are the only ones in the world to respect the rules of trade -- as they were written up 15 years ago -- if the Chinese and the Americans no longer respect them by subsidising critical sectors," he said in a keynote speech.

Iranian President Ebrahim Raisi said his country has proven the West doesn't have a monopoly on technology while inaugurating a hydropower and irrigation project in Sri Lanka on Wednesday.

Raisi is the first Iranian leader to visit Sri Lanka since former President Mahmoud Ahmedinejad visited the country in 2008.

The European Union announced on Wednesday an investigation into whether China is using unfair methods to deprive companies in Europe of access to its market for medical devices ranging from hypodermic needles to high-tech scanners.

The probe launched by the European Commission — the EU's executive branch as well as its trade and competition watchdog — is the latest attempt to help companies gain the kind of access to China's vast markets that Chinese firms enjoy in Europe.

Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.

Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday.

Faced with falling global sales and a diving stock price, Tesla has slashed prices again on some of its electric vehicles and its "Full Self Driving" system in an apparent effort to boost the company's earnings growth.

PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages.

Iranian and Pakistani leaders vowed to strengthen economic and security cooperation in a meeting on Monday, as the two countries seek to smooth over a diplomatic rift.

Their meeting was part of efforts by Islamabad and Tehran to mend ties which had been briefly strained in January when each carried out strikes in other's territory, targeting militants accused of attacking their own security forces.

Asian markets rose Monday, clawing back some of last week's losses, as Middle East worries subsided and traders looked ahead to the release of key U.S. inflation data and corporate earnings.

With Iran downplaying a reported Israeli attack on the country, which came days after a drone and missile strike on Israel by Tehran, tensions between the regional foes appeared to have cooled.