Trump declared his readiness to impose 100% tariffs against the BRICS countries in case of abandonment of the dollar. He demanded that the bloc's states abandon the idea of creating a new currency or supporting an alternative to the dollar, otherwise they face losing access to the US market. Earlier, Russia noted that a single BRICS currency is unlikely, but the use of national currencies is growing. Visa Inc. reported a profit increase for the first quarter, exceeding expectations. Adjusted net income rose 11% to $5.46 billion ($2.75 per share), while revenue increased 10% to $9.51 billion. The volume of cross–border transactions increased by 16%, processed transactions - by 11%. The company forecasts earnings per share growth of 10-12% in the current fiscal year. France is moving towards approving the budget for 2025. French Finance Minister Eric Lombard expressed confidence in the successful course of negotiations on the approval of the budget for 2025, noting that concessions may be required for a final agreement. He confirmed the government's commitment to the plan to reduce the public sector deficit to 5.4% of GDP this year. India expects economic weakness. The upcoming economic report of the Government of India forecasts GDP growth for 2025-26 in the range of 6.3%-6.8%, indicating a possible slowdown in the economy. The growth rate is expected to drop to 6.4% this year, which will be the lowest in four years. For comparison, last year the economic growth was 8.2%. Trade tariffs are holding back bitcoin's growth. On Friday, bitcoin remained stable amid rumors of Trump's trade tariffs and expectations for US inflation data. During the week, the cryptocurrency experienced sharp fluctuations, falling below $100,000 due to the sell-off caused by the breakthrough of Chinese AI. It later recovered, trading in the range of $100,000-$105,000. The bitcoin price is currently holding at $104,611.
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