Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Top Israeli military officials reasserted that their country has no choice but to respond to Iran's weekend drone and missile attack, even as European and US officials boosted their calls for Israel to avoid a tit-for-tat escalation that could provoke a wider war.

(2) China announced faster-than-expected economic growth in the first quarter – along with some numbers that suggest things are set to get tougher in the rest of the year.

(3) Federal Reserve Bank of New York President John Williams has told Blomberg the central bank will likely start lowering interest rates this year if inflation continues to gradually come down. 

(4) Goldman Sachs's back-to-basics approach is paying off as it posted profits that vaulted past expectations.

(5) The UK will criminalise the creation of sexually explicit deepfake images as part of plans to tackle violence against women.