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Latest news from trusted sources around the world

Eni’s Descalzi Says Energy Crisis May Worsen in Short Term: Sole
Economy Bloomberg
Eni’s Descalzi Says Energy Crisis May Worsen in Short Term: Sole

The global energy situation could deteriorate further as oil inventories decline and competition for supplies intensifies, Eni SpA’s Chief Executive Officer Claudio Descalzi told Italian …

China Power Load Hits Early Record as Data, EV Demand Rises
Economy Bloomberg
China Power Load Hits Early Record as Data, EV Demand Rises

China’s nationwide electricity load reached a record high for the first time this year on July 10, hitting 1.518 billion kilowatts, the National Energy Administration …

VW CEO Under Pressure as Labor Unions Torpedo Revival Plan
Economy Bloomberg
VW CEO Under Pressure as Labor Unions Torpedo Revival Plan

Volkswagen AG Chief Executive Officer Oliver Blume is facing an uphill battle to push through a fundamental overhaul of Europe’s biggest carmaker after failing to …

Economy Financial Times
Sadiq Khan lobbies for Ed Miliband to become chancellor

Energy secretary wins support from London mayor but faces opposition from some Labour MPs over his net zero policies

Economy Financial Times
Inside the risky race through the Strait of Hormuz

Vessels that dare to use route close to Oman’s coast face increased risk of Iranian missiles

Economy Financial Times
Wealthy warned over HMRC’s use of AI in tax crackdown

Advisers put rich on alert after authority says digital tools brought in billions in tax last year

Economy Financial Times
Prepare for a perilous summer in markets

Potential hotspots include a reformist new Fed chair, weak Japanese yen and high-stakes earnings season

Economy Financial Times
London rental affordability improves despite recent rise

The salary needed to afford a rental home in the capital has fallen by 17% in the past year

Economy Financial Times
Europe’s slow electrification is a ‘major mistake’, warns IEA chief

Fatih Birol says EU should have moved faster to achieve energy independence after 2022 gas crisis

Economy Financial Times
You don’t need to pay through the nose to enjoy travel

One of my favourite travel memories cost less than €100

Economy Financial Times
DUP faces damage as Donaldson sleaze allegations snowball

Northern Ireland’s biggest pro-UK party enters annual Marching Season celebrations at ‘inflection point’

Economy Financial Times
The long electoral lineage of Count Binface

Parody candidates are a well-established tradition in Britain’s political panto

Economy Financial Times
Jersey Mike’s IPO tries to sprinkle SpaceX magic on a sandwich

Sandwich chain’s float a test of appetite for a sector pinched by concerns over consumer spending

Economy Financial Times
Further increases to UK minimum wage would be risky, warns Low Pay …

Economy may not be able to absorb raising wage floor further towards median earnings, says advisory body

Xi Says China’s Backing for Kim and North Korea Won’t Change
Economy Bloomberg
Xi Says China’s Backing for Kim and North Korea Won’t Change

President Xi Jinping said China’s commitment to its friendship with North Korea, support for Kim Jong Un’s leadership and determination to safeguard the two countries’ …

Kazakh Tycoon Turlov’s Freedom Raises $300 Million for Expansion
Economy Bloomberg
Kazakh Tycoon Turlov’s Freedom Raises $300 Million for Expansion

Kazakhstan billionaire Timur Turlov’s Freedom Holding Corp. raised $300 million in a share sale to help fund its ongoing international expansion.

Economy Financial Times
China braces for back-to-back typhoons as extreme weather risks rise

Record rains, tornadoes and landslides batter southern regions while floods unleash cobras and zoo animals

India, NZ Plan Strategic Partnership Including Maritime Security
Economy Bloomberg
India, NZ Plan Strategic Partnership Including Maritime Security

India and New Zealand will elevate their relationship to a “strategic partnership,” as both seek closer trade and security ties.

SK Hynix Rises After Record US Offering | The Close 7/10/2026
Economy Bloomberg
SK Hynix Rises After Record US Offering | The Close 7/10/2026

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall …

Economy Financial Times
Trump says US has agreed to continue talks with Iran

President calls on Tehran to declare they will stop any attacks in the Strait of Hormuz

MGM Resorts Engaged in Deal Talks With Diller, WSJ Says
Economy Bloomberg
MGM Resorts Engaged in Deal Talks With Diller, WSJ Says

MGM Resorts International is engaged in deal talks with Barry Diller’s People Inc. after the entertainment mogul offered to acquire the part of the casino …

S&P Global: FIFA to Offer Short-Term Economic Boost
Economy Bloomberg
S&P Global: FIFA to Offer Short-Term Economic Boost

Nora Wittstruck, Chief Analytical Officer for Governments at S&P Global, joined Romaine Bostick and Katie Greifeld on Bloomberg's 'The Close' to provide insights on FIFA's …

Economy Financial Times
Apple sues OpenAI alleging theft of top-secret information

Lawsuit marks collapse of relationship between two of the biggest names in Silicon Valley

Pro Shop's Chad Mumm on 'Full Swing,' Golf in 2026
Economy Bloomberg
Pro Shop's Chad Mumm on 'Full Swing,' Golf in 2026

Chad Mumm, Co-Founder of Pro Shop and Producer of the Netflix series 'Full Swing,' talks about the world's number-one ranked golfer, Scottie Scheffler, missing the …

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