1. US will place a lower-than-promised 20% tariff on many Vietnamese exports, cooling tensions with its tenth-biggest trading partner.

2. Trump's 145% tariff on items imported from China has forced American small and midsize manufacturers to face the choice between paying steep tariffs or taking on significantly higher domestic production costs.

3. Trump said that Israel has agreed to the conditions needed to finalise a 60-day ceasefire in Gaza.

4. Iranian President Masoud Pezeshkian put into effect a law passed by parliament last week to suspend cooperation with the UN nuclear watchdog, the IAEA.

5. Microsoft will lay off nearly 4% of its workforce in the latest job cuts as the tech giant looks to rein in costs.

6. China's Baidu launched an AI-driven video generator for businesses as well as a major upgrade to its search engine.