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World News Feed

Latest news from trusted sources around the world

Economy Bloomberg
Whole Foods is Shedding the "Whole Paycheck" Label

Under Amazon, Whole Foods is shedding its "whole paycheck" reputation. The chain has cut prices and expanded private label selection in a bid to attract …

Economy Bloomberg
Morgan Stanley’s Wilson Tips Earnings to Revive Momentum Trade

Momentum-style equity investing is poised to rebound from a sharp retreat as sectors with strong earnings replace chip stocks in leading the market’s gains, Morgan …

Economy Bloomberg
Investors Slash Zepto’s Valuation, Delaying India IPO Plans

Zepto Ltd. faced a 68% cut to its valuation during its initial public offering roadshow last month, prompting the Indian rapid-commerce firm to delay its …

Economy Financial Times
Don’t let tax rows eclipse the fundamentals of social care

Like in the case of wind power, agreement on the big structural issues is much more important than finance

Economy Financial Times
Team America: Yen police

A puzzling intervention

Economy Financial Times
Beefing with the Big Mac Index

McDonald’s signature burger offers economic lessons — but not about purchasing power parity

Economy Bloomberg
EchoStar Unit Hughes Satellite Files for Bankruptcy as Debt Falls Due

Hughes Satellite Systems Corp. filed for Chapter 11 bankruptcy protection on Sunday, saying intensifying competition was undermining its core broadband business.

Economy Bloomberg
Emerging-Market Currencies Trade Mixed as US-Iran Tensions Ease

Emerging-market currencies were mixed on Monday as investors weighed signs of easing tensions between the US and Iran against the fading appeal for carry trades …

Economy Bloomberg
US-China AI Rivalry Grows With Alibaba's Anthropic Rival

New Chinese AI models including Alibaba's flagship system that claims performance similar to Anthropic’s Fable is intensifying the rivalry between China and the US over …

Economy Bloomberg
Benchmark Firm: China AI Models Still Lag US Rivals

Micah Hill-Smith, CEO of AI model benchmarking platform Artificial Analysis, says his firm's analysis shows that leading Chinese AI models continue to lag their US …

Economy Bloomberg
Hang Lung's Chan on Hong Kong's Property Recovery

Adriel Chan, Chairman of Hang Lung Properties, says the recovery in Hong Kong's commercial real estate sector feels "very real." He discusses the industry and …

Economy Bloomberg
US Uses Euros to Buy Yen to Avoid Weaker Dollar, Strategists Say

The US Treasury may be using euros rather than dollars to fund its yen purchases to avoid weakening its own currency and casting doubt on …

Economy Bloomberg
China Factory Slump Reinforces Signs of Economic Slowdown

China’s manufacturing activity for export-oriented firms unexpectedly slowed in July, according to a private survey, adding to signs of economic weakness.

Economy Bloomberg
Chinese Government Bond Futures Kick Off Trading in Hong Kong

A new set of Chinese government bond futures completed their debut in Hong Kong, in a relatively steady start to authorities’ third attempt to use …

Economy Financial Times
UK graduate job openings fall to lowest level since pandemic

Indeed’s findings point to challenge facing Andy Burnham to boost youth unemployment and cut welfare bill

Economy Bloomberg
Latest Oil Market News and Analysis for Aug. 3

Oil fell after US President Donald Trump called off a planned attack on Iran and said new talks with the Islamic Republic would begin on …

Economy Bloomberg
Trump Says US Intervention in Yen Was ‘A Signal of Friendship’

“It was a signal of friendship,” President Donald Trump says after being asked why the US intervened to support the Japanese yen.

Economy Financial Times
Labour overtakes Reform UK in polls for first time in more than …

Party commands about 25 per cent of the vote as Andy Burnham promises to ‘bring back hope’

Economy Bloomberg
AstraZeneca Is Said to Have Explored Bristol Myers Merger

AstraZeneca Plc has explored an acquisition of Bristol Myers Squibb Co., a megadeal that would create one of the world’s largest drugmakers, according to people …

Economy Bloomberg
Prysmian Is Said Near Takeover of US Electrical Maker Atkore

Italy’s Prysmian is in advanced talks to acquire electrical manufacturing company Atkore Inc., people familiar with the matter said.

Economy Financial Times
Monte dei Paschi explores Banco BPM takeover after ‘merger of equals’ talks …

MPS chief executive weighs approach to Banco BPM’s largest shareholder, Crédit Agricole

Economy Financial Times
Earnings season reaches a peak

SpaceX gives first results call, Flutter migrates to New York, inflation updates from China and India

Economy Bloomberg
Governors Push State Solutions on Costs

Governors from Oklahoma, Maryland and Delaware say states remain the nation's laboratories of democracy, sharing policy ideas on housing, education, child care and energy while …

Economy Financial Times
America’s biggest companies report ‘rock solid’ profits as consumers face higher costs

S&P 500 groups on track for strongest earnings in five years

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