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Latest news from trusted sources around the world

Trump Says US, Israel Have 'Little Dispute Over Lebanon'
Economy Bloomberg
Trump Says US, Israel Have 'Little Dispute Over Lebanon'

US President Donald Trump, speaking at the Group of Seven leaders meeting in Evian, France, says he and Israeli Prime Minister Benjamin Netanyahu "have a …

Economy Financial Times
Fed officials tilt towards rate rise as Kevin Warsh era begins

US government bonds drop after central bank vows to tame jolt of inflation triggered by Iran war

Economy Financial Times
Crunching the numbers on Warsh’s lil’ statement statement

It’s both the size and what you do with it

Economy Financial Times
Federal Reserve holds rates with short statement and hawkish projections

Kevin Warsh has eliminated explicit forward guidance, but his colleagues project that at least one rate rise is needed

Economy Financial Times
Five things to know about the high-stakes Makerfield by-election

Labour candidate Andy Burnham hopes to win the seat and then seek to replace Keir Starmer as prime minister

Economy Financial Times
Billionaire trader Alex Gerko loses tax appeal at UK Supreme Court

Top court rules traders should pay income tax on share of trading profits

Economy Financial Times
Trump delays confirmation hearing of former SEC head Jay Clayton as US …

President blames Democrats for blocking intelligence legislation over appointment of Bill Pulte in acting role

ASML CEO Warns of Possible Supply Constraints on Musk’s Terafab
Economy Bloomberg
ASML CEO Warns of Possible Supply Constraints on Musk’s Terafab

ASML Holding NV Chief Executive Officer Christophe Fouquet said the chip equipment maker has to make sure it doesn’t experience supply constraints when servicing new …

Billions in SpaceX Trades Jolt ETFs Including Cathie Wood’s ARKK
Economy Bloomberg
Billions in SpaceX Trades Jolt ETFs Including Cathie Wood’s ARKK

A series of unusual multibillion-dollar flows has rippled through the exchange-traded fund market in the past week, suggesting some major investors used a contentious method …

Economy Financial Times
‘Humiliation’: Trump battles claims his Iran deal is worse than Obama’s

US president’s critics ask if concessions to Tehran in purported agreement were worth four months of war

Warsh Faces First Big Test as Fed Chair
Economy Bloomberg
Warsh Faces First Big Test as Fed Chair

Federal Reserve policymakers are expected to hold interest rates steady on Wednesday, posing an early test for new chairman Kevin Warsh as rising inflation erodes …

Bulgaria to Oppose EU Sanctions Against Russian Patriarch Kirill
Economy Bloomberg
Bulgaria to Oppose EU Sanctions Against Russian Patriarch Kirill

Bulgaria’s new government will oppose sanctions against the head of the Russian Orthodox Church included in the latest European Union package of measures targeting Moscow, …

Economy Financial Times
Brussels approaches Kremlin over potential Ukraine talks

EU Council president António Costa’s office held calls with senior official close to Russia’s Vladimir Putin

Economy Financial Times
AI medical tools match or surpass doctors for advice

Two health models displayed clinical value across a range of diagnostic and treatment decisions, studies show

Economy Financial Times
Rheinmetall to partner with US satellite group to boost German intelligence capabilities

Tankmaker and satellite imagery company Vantor to give country’s armed forces ‘sovereign control’ of technology

CarMax Falls as Turnaround Fails to Stem Used Vehicle Slide
Economy Bloomberg
CarMax Falls as Turnaround Fails to Stem Used Vehicle Slide

CarMax Inc.’s shares dropped after same-store sales and used-car profit declined for a fourth straight quarter, raising questions about the durability of its turnaround effort.

Economy Financial Times
Architect Omar Gandhi’s guide to Nova Scotia

Why the Toronto native made wild, windy Halifax his home

Higher Bond Yields Are Here to Stay in a Post-War World
Economy Bloomberg
Higher Bond Yields Are Here to Stay in a Post-War World

Higher government spending is still worrying investors.

Economy Financial Times
FirstFT: Trump faces backlash over Iran deal

Also in today’s newsletter: Former executive sues Citi and investors pile into the dollar

Starmer’s Hot Mic Moment Scoops UK-India Trade Announcement
Economy Bloomberg
Starmer’s Hot Mic Moment Scoops UK-India Trade Announcement

UK Prime Minister Keir Starmer and his Indian counterpart Narendra Modi inadvertently revealed their two countries had resolved a trade impasse when they were overheard …

Third Iran-Linked Crude Carrier Crosses US Blockade Toward Asia
Economy Bloomberg
Third Iran-Linked Crude Carrier Crosses US Blockade Toward Asia

A third fully-loaded crude tanker has left the Iranian port of Chabahar and crossed the US blockade line heading toward Asia, just days before the …

Rupee Hits Six-Week High as India’s Inflow Measures Draw Demand
Economy Bloomberg
Rupee Hits Six-Week High as India’s Inflow Measures Draw Demand

India’s rupee rallied to the strongest level in six weeks, fueling bets the currency can extend gains helped by the authorities’ steps this month to …

Economy Financial Times
UK inflation unexpectedly holds steady at 2.8% in May

Figure will ease BoE fears of a lasting impact from the Iran war

Economy Financial Times
As stubborn Starmer digs in, Streeting risks becoming biggest loser

Former health secretary was refreshingly sharp in UK economy speech but faces a formidable set of obstacles

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