The EU-US tariff agreement has drawn criticism across the European Union (EU), with officials and industry figures warning that tariff levels remain elevated and the deal offers little cause for optimism.

Top U.S. and Chinese economic officials will resume talks in Stockholm on Monday to try to tackle longstanding economic disputes at the centre of a trade war between the world's top two economies, aiming to extend a truce by three months and keeping sharply higher tariffs at bay.

As higher tariffs loom for Philippine goods entering the US, calls to diversify the country’s export markets and reimagine how it competes on the global stage are becoming more urgent. US President Donald Trump’s sweeping tariffs are causing uncertainty globally and businesses are anxiously waiting for what will happen next.

U.S. stock indexes struggled on Thursday as investors processed mixed corporate earnings and progress in tariff negotiations. The S&P 500 and Nasdaq were slightly up, while the Dow fell. Globally, stock markets saw gains due to optimism about potential U.

The central bank left its key deposit rate at 2% after making eight cuts since last June.