Wang Shaojun, former Communist Party secretary and president of Bank of China's Shenzhen branch, is under investigation.

India’s Q1 GDP grew 7.8%, above a median forecast of 7.3%, the Ministry of Statistics and Programme Implementation said on Friday. Growth outperformed despite higher energy costs linked to the Iran war, a weaker rupee and other external shocks including US tariffs, and the outlook remains uncertain. The Reserve Bank of India kept policy rates unchanged and announced measures to attract foreign inflows, including wider access to government bonds to ease rupee pressure. The government also scrapped capital gains tax on foreign investors’ bond investments to shield the economy from energy-related shocks associated with the Iran conflict.

Former US national security adviser Bolton has reached a plea agreement over mishandling sensitive national security documents.