Japan’s Prime Minister Shigeru Ishiba has announced he will step down following growing calls from his party to take responsibility for a historic defeat in July’s parliamentary election.

Former President Donald Trump is meeting with another foreign leader while he’s in New York for his criminal hush money trial.

The Beijing Winter Olympics closed just over two months ago and the focus now turns to awarding a host city for the 2030 Winter Games.

The World Bank is upgrading the outlook for global growth this year, predicting that COVID-19 vaccinations and massive government stimulus in rich countries will power the fastest worldwide expansion in nearly five decades.

The Group of Seven wealthy democracies have agreed to support a global minimum corporate tax of at least 15% to deter multinational companies from avoiding taxes by stashing profits in low-rate countries.

Japan's Prime Minister Shinzo Abe speaks during a meeting of government and ruling party officials at his office in Tokyo Wednesday, May 27, 2020. Japans Cabinet has approved a proposed 32 trillion-yen ($296 billion) supplementary budget to help fund measures to cushion the blow to the economy from the coronavirus pandemic. (Kyodo News via AP)TOKYO Japans Cabinet approved a proposed 32 trillion-yen ($296 billion) supplementary budget Wednesday to help fund $1.1 trillion in measures to cushion the blow to the economy from the coronavirus pandemic. Japans economy, the worlds third largest, slipped into recession in the last quarter and was already slowing before the pandemic hit thanks to weakening global demand and consumer spending. The virtual shutdown of tourism has also taken a huge toll, while the global economic fallout from the pandemic is hammering businesses everywhere.