Trade Diplomacy: UK and India say free-trade implementation talks are moving fast, with any steel-related friction unlikely to reopen the deal, though timing could slip. Tariffs & Bargaining: The US is pushing new forced-labour-linked tariff proposals, and analysts call it “pressure” to secure a tougher bargain in India talks. Monetary Policy: India’s RBI kept the repo rate at 5.25% for a second straight meeting, citing West Asia-driven energy risks and rupee weakness while keeping a neutral stance. Capital Flows: India scrapped capital gains and withholding taxes on foreign investors’ government bond holdings to attract inflows and ease balance-of-payments pressure. Global Outlook: OECD warns the Middle East conflict could drag growth toward recession if disruptions persist into 2027, with higher inflation risks. AI & Labor: South Korea’s labour minister urged big tech firms to share excess AI windfall profits with suppliers and workers to narrow inequality. Energy Policy: Japan’s economy ministry set numerical targets for replacing decommissioned nuclear reactors, aiming to sustain a 20% nuclear share by 2040. Regional Growth Links: Korea and Serbia signed a CEPA to cut tariffs on most goods and deepen supply chains for chips, EVs and auto parts. FX Watch: Korea’s finance minister said “extra vigilance” is being taken on FX volatility as recovery continues.