Main points of global economic news for May 5, 2026

1. Capital transfers and the AI ​​revolution: two drivers of the global economy: The Milken Institute Global Conference, held in Beverly Hills (United States) on May 5, brought together numerous investors and business leaders against a backdrop of global economic volatility linked to geopolitical tensions, capital transfers and the impact of artificial intelligence (AI). Jonathan Gray, chairman and CEO of Blackstone, said the US and global economies remain resilient in the face of shocks.

2. Europe risks falling behind in the race for digital currencies: Europe risks falling behind in the global race for digital currencies, with the digital euro project progressing slowly. The President of the European Central Bank (ECB), Christine Lagarde, expressed her disappointment with the progress of the project. According to the plan, the digital currency issued by the ECB could be launched as early as 2029. This situation increases pressure to speed up the process in Europe.

3. G7 Summit: essential minerals should be at the heart of discussions: On May 5 and 6, G7 trade ministers will meet in Paris to discuss essential minerals and the management of e-commerce. The summit is not expected to directly address the threat of new US tariffs on European cars. This meeting comes against a backdrop of global economic disruption linked to the Strait of Hormuz.

4. Strait of Hormuz bottleneck disrupts global shipping: On May 5, hundreds of ships gathered near Dubai, while many boats hurriedly left the Strait of Hormuz in the face of escalating tensions. Anoop Singh, head of global shipping research at Oil Brokerage Ltd, believes shipping traffic in this strategic lane is unlikely to be restored anytime soon.

5. Chevron warns of oil supply shortage: Mike Wirth, CEO of Chevron, has warned that the global crude oil market could soon face a supply shortage. This situation is due to the closure of the Strait of Hormuz, a sea route through which approximately 20% of the world’s crude oil transits. Speaking at the Milken Institute, Wirth said the global economy could slow, starting in Asia, as demand adapts to falling supply.

6. The Eurogroup strengthens its coordination in the face of economic risks: On May 4, following a meeting of Eurogroup finance ministers in Brussels, President Kyriakos Pierrakakis said that eurozone countries are increasingly suffering the consequences of instability in the Middle East, forcing them to strengthen the coordination of their policies to address risks. economical. He stressed that hopes for a rapid normalization of the situation in the region have not materialized, while the unstable context continues to weigh on energy prices, inflation and growth.

7. Apple is looking for alternative chip suppliers to TSMC: Apple is seeking to diversify its supply chain by partnering with its traditional partner, Taiwan Semiconductor Manufacturing Co. (TSMC). According to sources familiar with the matter, the company has started preliminary discussions with Intel regarding the possibility of using its chip manufacturing services. At the same time, Apple also contacted Samsung Electronics and notably visited its advanced chip manufacturing plant in Texas.