The Swiss president says Switzerland is among 15 countries with which the United States plans to conduct "privileged" negotiations to help reach a deal in the wake of sweeping U.S. tariffs on dozens of countries that have shaken global markets.

Karin Keller-Sutter, in an interview with broadcaster SRF published Friday, said she was "satisfied" with talks in Washington this week that included an International Monetary Fund conference and her one-on-one meeting with U.S. Treasury Secretary Scott Bessent. Keller-Sutter also serves as Switzerland's finance minister.

Swedish defense group Saab on Friday reported soaring quarterly earnings and record sales as European countries beef up their defense capacities amid geopolitical tensions and uncertainties.

The World Bank will grant Lebanon a $250 million loan that will be used to help ease electricity cuts in the crisis-hit country, the country's finance ministry said.

Lebanon has faced major electricity problems for decades, but the situation became worse following an economic meltdown that began in late 2019. The 14-month Israel-Hebzollah war that ended in late November also badly damaged electricity and other infrastructure in parts of Lebanon.

The head of the International Monetary Fund urged countries to move "swiftly'' to resolve trade disputes that threaten global economic growth.

IMF managing director Kristalina Georgieva said the unpredictability arising from President Donald Trump's aggressive campaign of taxes on foreign imports is causing companies to delay investments and consumers to hold off on spending.

Elon Musk has been called a Moonshot Master, the Edison of Our Age and the Architect of the Future, but he's got a big problem at his car company and it's not clear he can fix it: damage to its brand.

Sales have plunged for Tesla amid protests and boycotts over Musk's embrace of far right-wing views. Profits have been sliced by two-thirds so far this year, and rivals from China, Europe and the U.S. are pouncing.

A dozen states sued the Trump administration in the U.S. Court of International Trade in New York on Wednesday to stop its tariff policy, saying it is unlawful and has brought chaos to the American economy.

The lawsuit said the policy put in place by President Donald Trump has been subject to his "whims rather than the sound exercise of lawful authority."

U.S. stocks rose Wednesday as a worldwide rally came back around to Wall Street after President Donald Trump appeared to back off his criticism of the Federal Reserve and his tough talk in his trade war.

The S&P 500 climbed 1.7% and added to its big gain from Tuesday that more than made up for a steep loss on Monday. The Dow Jones Industrial Average rose 419 points, or 1.1%, and the Nasdaq composite gained 2.5%.

Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International Monetary Fund, as Lebanese officials hold meetings with global finance institutions in Washington.

A statement from Speaker Nabih Berri's office said parliament passed amendments to "the law related to banking secrecy" and to monetary legislation.

Iran's foreign ministry on Wednesday condemned the latest U.S. sanctions targeting its oil network, calling the move a sign of Washington's "hostile approach" ahead of a third round of indirect nuclear talks.

In a statement, Foreign Ministry spokesman Esmaeil Baqaei said the US policy of imposing sanctions on the Iranian people was a "clear contradiction with the United States' demand for dialogue and negotiation and indicates America's lack of goodwill and seriousness in this regard."

Asian shares mostly rose Wednesday, with markets showing relief after President Donald Trump indicated he won't dismiss the head of the U.S. Federal Reserve.

Japan's benchmark Nikkei 225 gained 1.9% in afternoon trading to 34,875.64. Australia's S&P/ASX 200 surged 1.3% to 7,920.50. South Korea's Kospi gained 1.5% to 2,523.17. Hong Kong's Hang Seng added 2.2% to 22,039.88, while the Shanghai Composite edged up 0.2% to 3,305.43.