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China and the United Arab Emirates have emphasised a readiness to exchange experiences on defence and security, with a view to upgrading capacities of military personnel and security institutions in both countries, China’s foreign ministry said on Sunday.

NEW YORK – The dollar was lower on Friday and on track for its first monthly decline in 2024 after data showed U.S. inflation rose in line with expectations in April, offering little clarity on how soon the U.S. Federal Reserve will be able to cut interest rates.

Most Latin American currencies rose on Friday as the dollar weakened after a U.S. inflation reading supported expectations of interest rate cuts from the Federal Reserve, while Mexico’s peso edged higher in the lead-up to presidential elections.