The Trump administration wants countries to provide their best offer on trade negotiations by Wednesday as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiating partners seen by Reuters.

Azul said it received interim court approvals related to the company’s chapter 11 petitions filed in the U.S., WSJ Pro Bankruptcy reported. The court granted approval for the Brazilian airline operator to access $250 million of its $1.6 billion debtor-in-possession financing after a first-day hearing.

Fantasy werewolves are set to haunt Shiver — the much-anticipated film based on the first novel in the Wolves of Mercy Falls romantasy series which wrapped filming in Vancouver late last year. But the financial wolves at the doors of the movie's producers have put Shiver on ice — forcing the production company formed to make the film into insolvency and leaving hundreds of Canadian creditors out millions of dollars, CBC.ca reported. A British Columbia Supreme Court judge placed Mercy Falls B.C.

Former Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after he pleaded guilty in 2018 for his involvement in a multi-billion dollar scandal involving Malaysia's sovereign fund 1MDB, Reuters reported. Leissner's conduct was "brazen and audacious," judge Margo Brodie said during sentencing. While his cooperation with the government was taken into account, it did not make up for the harm caused by the corruption at the highest levels in several countries, the judge said.

Canada's largest bank increased its provisions for credit losses more than 50% in its most recent quarter, as executives prepared for a potentially tariff-hobbled economy, American Banker reported. In the three months that ended April 30, net income for the Royal Bank of Canada was 4.39 billion Canadian dollars ($3.17 billion), short of analysts' average estimate of CA$4.54 billion according to S&P. Diluted earnings per share were CA$3.02, below S&P estimates of CA$3.09.

President Donald Trump's trade war has cost companies more than $34 billion in lost sales and higher costs, according to a Reuters analysis of corporate disclosures, a toll that is expected to rise as ongoing uncertainty over tariffs paralyzes decision making at some of the world's largest companies, Reuters reported. Across the United States, Asia and Europe, companies including Apple, Ford, Porsche and Sony have pulled or slashed their profit forecasts, and an overwhelming majority say that the erratic nature of Trump's trade policies has made it impossible to accurately estimate costs.

A U.S. trade court blocked most of President Donald Trump's tariffs in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners, Reuters reported. The Court of International Trade said the U.S. Constitution gives Congress exclusive authority to regulate commerce with other countries that is not overridden by the president's emergency powers to safeguard the U.S. economy.

After stepping back this month from an escalating and dangerous war of tariffs, the United States and China are now threatening to undermine their uneasy truce, the New York Times reported. On May 12, the countries announced after weekend meetings in Geneva that they would suspend most of their recently imposed tariffs. Since then, however, both governments have shown that they are still prepared to wield controls over critical exports as weapons against one another, with moves that are potentially even more damaging to trade and global supply chains.

The Bank of Mexico lowered its economic growth estimates for this year and next, citing uncertainty about the impact of U.S. import tariffs and weakness in domestic consumption and investment, the Wall Street Journal reported. In its quarterly report, the central bank said it expects Mexico’s gross domestic product to grow 0.1% this year, down from it’s previous estimate of 0.6%. The forecast ranges from a contraction of 0.5% to an expansion of 0.7%. For 2026, the bank cut its growth forecast to 0.9% from 1.8% previously.

Canada Post on Wednesday reported a $611 million pre-tax loss in 2024 and simultaneously presented a “best and final” contract offer to the Canadian Union of Postal Workers with operational reforms it says are needed to stabilize finances and improve mail service, Freight Waves reported. The annual report underscored the financial pressures weighing on Canada Post and the need for restructuring, but sharp union criticism of the latest counteroffer foreshadows a potential escalation of the current labor action that could further hurt the bottom line.